LYONDELLBASELL

Six European plants identified as non-core assets / All options, including sale and closure, open for these facilities, CEO says / EBITDA drops in Q2 despite rise in sales

COVESTRO

Revenues flat despite “sharp rise” in Q2 sales volumes / Upper end of guidance lowered / Adnoc takeover talks: confirmatory due diligence begins

VCI

German chemical industry association extends Steilemann's term of office / Will BASF chief follow next year?

GERMAN CHEMICAL INDUSTRY

Slight increase in polymer production – VCI half-year results / “Silver lining, but still no stable upward trend”

BASF

Purchase agreement with Encina to secure supply of recycled benzene / No plant in sight yet

POLYMER PRICES

North America June 2024: Most prices remain unchanged despite firmer feedstocks and production problems / Demand weak across the board / Reduced margins for producers also expected in July

COVESTRO

Plastics producer aims to save EUR 400 mn across global operations / Job cuts evidently planned in Germany

COVESTRO

Adnoc entertains “possible offer” of EUR 12 bn for German group / Takeover negotiations enter crucial phase

UPDATE - POLYMERS FOR EUROPE ALLIANCE

Best Polymer Producers Awards 2023: European processors select top suppliers in eight polymer categories / Vinnolit scores in decarbonisation

NESTE

Partnership with Borealis, Covestro to chemically recycle car tyres into automotive parts

COVESTRO

Launch of R&D project on recycling PU mattress foam / Study of both mechanical and chemical reclaim tech

POLYMER PRICES

North America May 2024: Rollover for most grades / Feedstock prices mixed / Converters still holding back on ordering / No price surges expected in June, but risk of hurricanes exists

COVESTRO

Financial stake in plastics-waste-to-aromatics project / Demo plant to start up in the Netherlands in 2027

COVESTRO

Launch of polycarbonates made from chemically recycled post-consumer waste

BRASKEM

Adnoc cancels negotiations for majority takeover / Brazilian polyolefin group remains in the red

PEARL

PU system house opens first European office in Germany / Capacities to be expanded

COVESTRO

Q1 sales shrink but volumes expand / Full-year 2024 sales seen at EUR 14 bn-EUR 15 bn

COVESTRO

Industrial-scale PC copolymer plant inaugurated at Antwerp

PETROCHEMICAL MARKETS

MDI, PA 6: BASF declares force majeure on polyurethane feedstock / FM on polyamide extended

CHEMICAL INDUSTRY GERMANY

“The Green Deal needs a business model” / Chemical segment fears for its competitiveness against global competition

POLYMER PRICES

Polyurethane feedstocks April 2024: Production problems push prices up / Further upward trend likely to be limited due to weak demand / Some customer segments remain below potential

PETROCHEMICAL MARKETS

Styrene, propylene oxide, polyether polyols: Covestro, LyondellBasell declare force majeure

PETROCHEMICAL MARKETS

MDI: Reported outage of major BorsodChem plant in Hungary

DOMO CHEMICALS

ISCC Plus certification for Technyl, Domamid / PA with reduced carbon footprint

COVESTRO

Plastics producer still in the red / Full-year revenues sink one-fifth as cost cuts partly arrest profit decline