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Formosa Plastics Corp., the flagship company of the Formosa Plastics Group (FPG) conglomerate in Taiwan, said Wednesday (20 Dec 2017) it plans to invest USD 800 million in Ningbo, Zhejiang Province, China, to produce petrochemical raw materials.

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Emirates Global Aluminum, the largest industrial company in the UAE outside oil and gas, has signed a long-term supply agreement with Shaheen Chem Investments. This paves the way for the construction of a chemical complex in Khalifa Industrial Zone Abu Dhabi (Kizad) by Shaheen.

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On 29 December 2017, Royal DSM and Amyris, Inc. has announced that they have closed the transaction for the sale of Amyris Brasil Ltda to DSM and the establishment of a long-term manufacturing partnership for Amyris’s high-volume products.

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Lotte Advanced Materials Co., the chemical unit of South Korean conglomerate Lotte Group, has decided to acquire two troubled plastic makers in Indonesia as part of its vision to turn the Southeast Asian country into its global chemical outpost.

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LG Chem will invest a total of KRW 300 billion (USD 278.6 million) to expand its petrochemical facilities in Yeosu, South Jeolla Province, the company said Tuesday (26 Dec 2017).

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Alberdingk Boley GmbH announced that it has completed the acquisition of the production site at Leuna in Sachsen-Anhalt, Eastern Germany from Synthomer Leuna GmbH. The acquisition agreement was closed on 1 January 2018. Financial details were not disclosed.

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Mitsubishi Heavy Industries, Ltd. (MHI) has concluded an agreement to license technology for its flue gas carbon dioxide (CO2) capture plant to PJSC Metafrax, a major Russian chemical company.

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Samsung Engineering announced that it has received a contract from SABIC’s manufacturing affiliate, Jubail United Petrochemical Company (United), for a USD 700 million ethylene oxide/ethylene glycol (EO/EG) plant in Saudi Arabia, to produce 700,000 t/y MEG.

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AMI Consulting’s report "Polymer demand in Asia" details the size, nature and future prospects for both commodity and engineering plastics in Asia. The region represents a varied market with the 13 countries listed in the report having differing prospects for polymer demand.

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Teijin Frontier Co., Ltd., the Teijin Group’s fiber-product converting company, announced that it will establish a R&D facility for fibers including polyester fibers in Thailand.

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