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Industry Dynamics
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#Industry Dynamics2024-01-24Tosaf develops PFAS-free additives for extrusionTosaf developed processing aids for the extrusion of polyolefins that do not contain fluoroelastomers.They can re-place conventional products for a wide range of film applications and meet the requirements of the FDA and EFSA for use in contact with food.The grade AP9709PE EU provides enhanced rheological properties while AP9711PE EU focuses on optical properties, includ-ing clarity and haze.In laboratory tests, Tosaf compared the processing properties of standard Tosaf's fluoroelastomer-bas
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#Industry Dynamics2024-01-22Chinese startup unveils plug-and-play EV chassis and global partnership at CES 2024U POWER Tech, a Chinese smart electric vehicle(EV) technology startup, showcases its UP Super Board, a skate-board chassis that acts as a vehicle foundation for automakers, at CES 2024.Plug-and-play innovation and application The UP Super Board integrates core capabilities of advanced EVs, including electric propulsion, suspension, steering, thermal management and Level 2+ advanced driver assistance system (ADAS).The battery system integrated into the UP Super Board offers more choice in ba
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#Industry Dynamics2024-01-19Reliance Industries achieves lndia-first chemical recycling for plastic-waste-based pyrolysis oilReliance Industries chemically recycled plastic waste-based pyrolysis oil into ISCC-Plus certified circular polymers, becoming the first Indian company to achieve this accomplishment.This shows the company's commitment in reducing plastic waste and supporting circular economy in India.Reliance Industries shipped its first batch of ISCC-Plus certified Circular Polymers, named CircuRepol Polypropylene (PP) and CircuRelene Polyethylene (PE).The company's Jamnagar refinery receive ISCC-Plus
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#Industry Dynamics2024-01-16Teijin to produce Tenax Carbon Fiber with ISCC PLUS certified materialTeijin announced it will begin production and sales of Tenax Carbon Fiber made with sustainable acrylonitrile (AN) using waste and residue from biomass-derived products or recycled raw materials that have received ISCC PLUS certification.The Tenax Carbon Fiber will be produced at Teijin's Mishima plant in Shizuoka Prefecture, Japan, using mass balance approach.Carbon fiber is a light and strong reinforcement material that can be used in a wide range of markets, including aero-space, automoti
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#Industry Dynamics2024-01-11Breaking: Chinese machinery manufacturer acquires KautexExtrusion blow molding machinery manufacturer Kautex Maschinenbau, who has declared its German productionsite in Bonn to be insolvent since last year, found its new buyer.According to German newspaper General-Anzeiger Bonn, the buyer is Jwell Machinery, the Chinese leading extru-sion machinery manufacturer.AndresPartner, a German consulting firm, stated that Kautex"s Bonn site, with large proportion of current jobs (155 po-sitions) retained, will continue its full operation under new manage
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#Industry Dynamics2024-01-10KRAIBURG TPE's THERMOLAST H series suitable for water dental floss devicesThermoplastic elastomers(TPE) have found increased application in toothbrush grips and have extended to handle and button of water floss devices.Delivering optimal performance and comfort, KRAIBURG TPE's THERMOLASTH series fits the dental care application.Achieved through overmoldingTPE compounds,HC/AP series achieve reliable grip characteristic with anti-slip sur-face. This ensures a secure hold during use even in wet conditions.Besides that, the series assures good compression set properti
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#Industry Dynamics2024-01-08China Automotive Technology and Research Center opens in ThailandChina opens a China Automotive Technology and Research Center (CATARC) in Thailand, making it the fourth global facility of its kind, after Germany,Switzerland and Japan.This comes after major investments from Chinese carmakers in the country, with companies like BYD and Great Wall Motor committing to investing US$1.44 billion in new production facilities, says Thailand Business News.Affiliated with the Chinese government, CATARC will serve as a support hub for Chinese electric vehicle manufactu
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#Industry Dynamics2024-01-02Trinseo opens new PMMA depolymerization plant in ltalyTrinseo inaugurated its new polymethyl methacrylate(PMMA) depolymerization plant in Rho, Italy.Scheduled to be commissioned in Q12024, the demonstration facility marks a pivotal step towards reshaping the plastics ecosys-tem as part of the circular economy.The depolymerization plant enables efficient recycling of end-of-life PMMA, as well as other difficult to recycle struc-tures, which will ultimately be used to produce acrylic resins, sheets, and compounds containing recycled materials.Depolym
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#Industry Dynamics2023-12-27ADNOC makes increased €11.3 billion takeover bid for CovestroAbu Dhabi National Oil Company(ADNOC) has submitted an increased preliminary takeover bid of about €60 a share for Covestro AG,valuing the German chemical company at around €11.3 billion ($12.4 billion),according to Bloomberg's report.The Abu Dhabi oil giant previously made bids of €55 and €57 that Covestro viewed as too low.According to the source of Bloomberg. the new offer also includes job quarantees for several years as well as about €$8 billion of investments after closing the deal.A s