BASF

Full-year EBIT misses market consensus by EUR 1.2 bn / Profits hit by impairments on battery materials business, restructuring costs

BASF

Billion-euro lawsuit against Clariant, Celanese, Orbia, Westlake

EUROPEAN CHEMICAL INDUSTRY

Hard choices needed to survive challenges on several fronts / M&A to play critical role in region's restructuring – FTI report

POM

China imposes provisional punitive tariffs on imports from EU, US, Japan, and Taiwan

BASF

Styrodur XPS business sold to Bachl

BASF

SpecRek project to improve mechanically recycled waste with real-time composition analysis

CHEMICAL INDUSTRY

Research predicts feedstock of the future / Recycling to become main carbon source for plastics – nova-Institute report

INEOS STYROLUTION

India's Styrenix Performance Materials acquires ABS plant in Thailand

UN PLASTICS TREATY

No consensus after Busan talks / Petchem industry accused of ‘unsupportive' behaviour / Rising endorsement of production caps / Further session planned

SAUDI ARAMCO

Major Chinese project with Sinopec starts construction / Link to neighbouring project

BASF

Thomas Kloster set to head Petrochemicals division

BASF

Plastics-relevant segments boost Q3 earnings / Adjusted core operating profit now expected at lower end of forecast

BASF

PA 6, TPU grades with low-carbon footprint / Ultramid ZeroPCF to achieve net-zero greenhouse gas emissions

AVANTIUM

Plant for PEF precursor FDCA officially operational

BASF

EPS capacity expansion at Ludwigshafen up to 2027 / New EU insulation legislation expected to drive demand

BASF

German government to fund ‘world's most powerful' industrial heat pump at Ludwigshafen / Carbon-free steam

EVONIK

BASF's ISCC Plus-certified ammonia to feed PA 12 production

POLYMER PRICES

North America September: Prices roll over or fall back / Weak demand continues / Production outages have no effect on quotes / Lower feedstock prices and surplus trend support decreases

BASF

Petrochemicals and Materials division focus on China and Verbund strategy / “Three-step approach not enough” – criticism from trade union and works council

BASF

Reorganisation at chemicals giant / One third of group no longer considered core business / Plastics remain central

BUTADIENE

NEW at PIE: Spot and contract price reports for the precursor / Supply situation in Europe remains tight; prices likely to remain high / Numerous expansions planned in Asia

PACKAGING RECYCLING GERMANY

ZSVR publishes new minimum standard / Smaller PE film waste, coextruded PE/PA/EVOH barrier film classed as recyclable

EUROPEAN CHEMICAL INDUSTRY

Output rises in H1 2024 / Demand, run rates remain depressed / Many downstream industries still in decline / Uncertain outlook persists

PFAS

German Chancellor Olaf Scholz: “We won't accept an undifferentiated blanket ban” / Speech at the VCI summit in Berlin

EU POLICY

Chemicals and plastics producers hail Draghi report / EU should increase investments by EUR 800 bn “to fund radical and rapid reform”