SOUTH KOREA

Lotte and HD Hyundai present plans for restructuring cracker activities

UPDATE - PETCHEM INDUSTRY ASIA

South Korean government demands country's largest petchem producers restructure operations / Crisis result of overcapacity, outdated manufacturing methods

LOOP INDUSTRIES

Asian JV with SKGC advances / Construction of first PET recycling plant to start by year's end / Growing demand for rPET

PURECYCLE

PP chemical recycling projects underway on three continents / Formerra to sell company's rPP in North America / Firm secures added financing

PLASTIC ENERGY

Licencing agreement for Tacoil process in South Korea / Strategic partnership with SK picglobal for Asian countries

INEOS STYROLUTION

Deal with South Korean SK picglobal for the supply of mass-balance styrene

SABIC

Nexlene JV to expand polyolefin materials plant in South Korea

PETROCHEMICAL MARKETS

PVDC: Bottlenecks and price hikes around the globe / Processors accuse producers of greed

LOOP INDUSTRIES

First commercial production of rPET bottle / Evian water bottle from 2022 / JV with SK Geo Centric / First plant in South Korea

SK GLOBAL CHEMICAL

Name change to reflect focus on circular economy / Major investment in plastic waste recycling, green materials

POLYMER PRICES

China standard thermoplastics August 2021: Prices mostly lower amid waning demand / Carbide-based PVC production low due to power curbs / September seen mostly softer