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Recently, industry analysts in the United States stated that they expect the capacity utilization rate of US refineries to reach as high as 94% in the second quarter, in response to the expected increase in summer travel. US industry analysts have stated that since the second half of 2021, the prices and demand for petroleum […]

On May 23rd, Saudi Basic Industries Corporation (SABIC) announced that it will collaborate with cosmetics manufacturer Stella McCartney Beauty and three other well-known French plastic processors Texen, Leygatech, and STTP Emballage to create innovative skin and eye care product refill containers using SABIC’s exclusive renewable polymers. This product has been launched in the North American

On May 19th, LANXESS announced the launch of a combination of polyols and oxidation products, further expanding its product base with a lower carbon footprint. Stephan Deutsch, global head of the business line for LANXESS Polyols and Oxidation Products (POP), stated that the company’s high-quality industrial intermediates business unit can now provide sustainable solutions for approximately 80%

The promotion of green building materials is an important way to achieve the goal of “double carbon”, and is also the strategic focus of Huntsman Corporation. On May 16, at the sub forum of prefabricated ultra-low energy consumption buildings and low-carbon building materials held at the 19th International Conference on Green Building and Building Energy

Recently, Bridgestone announced that the company has successfully converted all the electricity consumed by six tire factories and one steel cord factory in Japan into renewable energy. At present, the company has fully achieved energy transformation in 9 tire factories and 1 cord factory in Japan. The company is also undergoing renewable energy transformation for

At the recently concluded Group of Seven (G7) Climate, Energy, and Environment Ministers’ Meeting, relevant leaders stated that the G7 countries have agreed to accelerate the development of renewable energy, phase out fossil fuels, and set new goals for solar power generation and offshore wind power. However, the proposal by Canada and others to phase

The demand for traditional derivatives has increased, and new low-carbon and zero carbon applications have surged Recently, analysts from Standard&Poor’s Global stated that after the surge in raw material prices in the past two years, downstream European companies have reduced production due to lack of competitiveness. Currently, global demand for methanol and ammonia is returning

Flammable ice not only has a huge storage capacity, but also is efficient, clean, and has high combustion value. So what can this green and clean energy do? Combustible ice is a solid compound that combines natural gas and water. From its appearance, combustible ice looks like white or light gray crystals of ice and

Recently, Mitsui Chemical announced that the company will significantly reduce the production capacity of toluene diisocyanate (TDI), a polyurethane raw material used in building materials and coatings. Based on this, by July 2025, the annual production capacity of the Fukuoka Prefecture Omuta factory engaged in TDI production will be reduced from 120000 tons to 50000

Recently, ICIS London released a report showing that the global efforts to achieve carbon neutrality society are creating opportunities for the growth of demand for chemicals. ICIS states that this growth goes beyond the connection between the chemical industry and past economic activities, industrial production, and gross domestic product. Therefore, traditional methods for measuring industrial