Polymers
Dow forecasts sales below estimates, slashes dividend as downturn takes a toll
Dow halved its dividend and forecast third-quarter revenue below analysts' expectations as the chemicals maker navigates a prolonged downturn in the industry, sending its shares down nearly 10% in premarket trading.
Evonik uses green electricity for polybutadiene production in Marl, Germany
Since July 1, Evonik's Coating & Adhesive Resins Business Line has been using green electricity for polybutadiene production in Marl, Germany. The initiative is part of Evonik's sustainability strategy, which aims to achieve the Group's environmental goals by 2030, including reducing Scope 1 and Scope 2 emissions by 25% from 2021 to 2030.
Data and digital: TotalEnergies and Emerson sign a strategic collaboration to boost the value of industrial data
TotalEnergies and Emerson’s Aspen Technology business have announced a strategic collaboration to deploy advanced digital technologies for the continuous, real-time collection of data from TotalEnergies’ industrial sites.
Europe's chemical industry seeks a lifeboat to stay in business
Europe's petrochemical industry is unravelling under a wave of plant closures after years of losses and a rapid expansion of global capacity led by China.
German chemical lobby VCI sees no sector recovery before 2026
Germany's chemical industry lobby VCI does not expect a sector upswing before 2026, even though the rapid downtrend the chemical-pharmaceutical industry has seen in recent years seems to be over.
INEOS Styrolution launches bio-attributed polystyrene for food packaging
Styrolution® PS 158K BC100 uses an ISCC-certified mass balance approach and is made from 100% bio-attributed feedstock.
Dow to close three European chemical plants, cut 800 jobs
Dow Chemical will shut down three chemical plants in Europe and cut around 800 jobs in response to structural challenges in the region, the chemicals company said. The company said the shutdowns will remove higher-cost, energy-intensive portions of Dow's portfolio in Europe.
Nayara to use Univation Technologies' PE process for world-scale plant in India
Univation Technologies, LLC announced that Nayara Energy Ltd. has selected Univation's UNIPOL™ PE Process Technology for a world-scale production line in Vadinar, Gujarat, India.
EU to set up Critical Chemical Alliance to secure supply chains
The European Commission will work with EU member states and the chemicals sector to support production of chemicals identified as critical for Europe's industrial supply chains, the EU executive said.
Braskem completes first sale of circular polyethylene in South America
Braskem has completed the sale of circular polyethylene (PE), produced through chemical recycling, to the Copobras Group.
- thyssenkrupp Uhde completes pre-FEED for HAMR Energy’s renewable fuels project in Australia 8/21
- Europe distillates-diesel profit margins firm 8/21
- U.S.: Indiana's bp refinery restarts after severe flooding 8/21
- Berlin weighs trusteeship extension for Rosneft's German assets 8/21
- Trump administration to rule on biofuel exemption requests, delay reallocation decision 8/21
- TotalEnergies' Donges refinery fire extinguished 8/21
