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31
2024-05
The expansion of adhesive in the field of new energy vehicles
2024-05-31
Adhesive industry development: A historical overview
23
2024-04
Africa's energy supply poised to make leap to renewables
Africa faces a huge energy gap due to rapid population growth and underdeveloped power grids. But at the same time, Africa cannot let go of fossil energy due to energy sustainability requirements. However, market participants say the African continent has abundant solar, wind and hydro energy resources. Africa can be fully decarbonized by 2050 through investment in renewable energy.
2024-04-23
Eastman molecular recovery unit goes into operation
On March 22, Eastman announced that its new molecular recycling device in Kingsport, Tennessee, has been put into production. The products meet the specifications and have begun to generate revenue. The company will gradually increase the unit's production capacity in the coming months and achieve business growth in multiple markets. The device is expected to gradually bring approximately US$75 million in earnings before interest, taxes, depreciation and amortization to Eastman in 2024, while also assisting the development of its circular economy platform.
Sanyo Chemical exits SAP business
Recently, Sanyo Chemical announced that it will withdraw from the super absorbent resin (SAP) business used in diapers and other products. Production at the company's factories in Japan and Malaysia will be phased out, and the subsidiary that produces SAP will be dissolved. Due to the withdrawal of this business, Sanyo Chemical will incur special losses totaling approximately 20 billion yen. Affected by this, the company announced that it has lowered its financial forecast for the fiscal year ending 2023 to 2024, and its full-year results will be in the red.
Sinopec and Thailand’s Ministry of Commerce signed a memorandum of understanding on cooperation
Sinochem News On March 26, reporters learned from the Sinopec News Office that Sinopec and the Thai Ministry of Commerce signed a memorandum of understanding on cooperation in Bangkok to further strengthen cooperation between the two parties in product promotion and market development.