Paint & Coating News

Shenghong Group held a signing ceremony with Wujiang Economic Development Zone in Jiangsu Province, announcing that it will enter the field of "new energy storage" and build a 16GWh new lithium-ion energy storage battery project in Wujiang.

• investment
• lithium-ion energy

On October 29, good news came from the project department of Kazakhstan's annual output of 500,000 tons of polypropylene.

• PP&UO
• polypropylene

On October 29, good news came from the project department of Kazakhstan's annual output of 500,000 tons of polypropylene.

• Kazakhstan
• polypropylene

The Ministry of Commerce announced on October 31 that it had preliminarily determined that the dumping of imported phthalocyanine pigments from India had caused material injury to the domestic phthalocyanine pigment industry.

• dumping
• phtyalocyanine
• India

Speaking at the K show in Dusseldorf, Germany, ICIS analyst Lorenzo Meacha said it could take until 2035 for global polyolefin facility capacity utilisation to reach pre-Covid-19 levels as new capacity is added to meet slowing demand.

• ICIS
• polyethylene
• Polypropylene

In the third quarter of 2022, LG Chem posted sales of 5.4931 trillion won ($9.953 billion) and operating profit of 901.2 billion won ($633 million). Compared with the same period last year, LG Chem posted sales growth of 33.8% and operating profit growth

• LG
• third quarter
• new energy

Recently, statistics released by the Japan Petrochemical Industry Association show that the utilization rate of ethylene equipment in Japan was 83.2% in September.

• Ethylene
• Japan

In the past two years, with the continuous release of new production units of styrene in China, the self-sufficiency rate has increased significantly, and the industry has shifted to oversupply.

• styrene device
• styrene market

China Electric Research said that the performance growth, inseparable from the prime material side continued to expand capacity, increase market development efforts, strengthen research and development, continue to introduce high value-added new products.

• Prime material
• electric research

In recent years, as the heat of new energy continues to rise, China titanium dioxide industry with its own advantages aimed at the new energy track, has been the layout of lithium battery and vanadium battery field.

• Titanium Dioxide
• lithium battery
• vanadium battery

Recently, Wanhua chemical polyurethane hard foam recovery pilot plant started successfully, the capacity of recycled polyether is 60 tons/year.

• polyurethane
• foam

Titanium dioxide prices rose, part of the titanium dioxide factory price adjustment letter, the price of 1000 CNY/ton, affected by the continuous rise of raw materials, titanium dioxide production enterprises increased cost pressure.

• titanium dioxide
• Venator

Germany's Evonik Industries AG, which has a 170-year history, is making lithium batteries its focus in the Chinese market.

• lithium battery
• German chemical

The European Union's main institutions reached an agreement on Thursday (Oct 27) to ban the production of new fuel cars from 2035. The move is aimed at speeding up the electrification transition and tackling climate change.

• EU
• fuel car
• ban

Recently, Xiamen Lilong Spandex annual output of 13,000 tons of Spandex project production plant has been completed, the equipment is being installed.

• spandex

On October 26, the Guangxi Huayi new material 200,000-ton/year bisphenol A project contracted by EPC of China National Chemical Saiding Company was successfully delivered.

• bisphenol A
• EPC
• CNCSC

In September 2022, China titanium dioxide import 0.39 million tons, down 77.2% year on year, down 68.9% month on month

• Titanium Dioxide
• export

On the morning of October 25, the first phase of Shanghai Rongrong New Materials Advanced Manufacturing Base, with an investment of 3.8 billion yuan and an area of 142 mu, was completed in the Lingang new area of Shanhai Free Trade Zone.

• temperature resistant
• alumina
• alumina fiber

Fujian Meizhou Bay Chlor-Alkali Company now has a normal operatingcapacity of 40,000 tons of BDO.

• BDO production

This investment will also enable Inglis to meet the growing demand forapplications that are critical to the new energy economy

• coating industry