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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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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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The elastomer coated fabrics market is projected to grow from USD 9.67 billion in 2017 to USD 11.85 billion by 2022, at a CAGR of 4.16 % during the forecast period. This is a result of a recent study published by MarketsandMarkets.

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Hanwha Total Petrochemical, a 50/50 joint venture between Hanwha and Total, will invest more than USD 300 Million to expand its integrated refining & petrochemicals platform located in Daesan, South Korea. 

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Mitsubishi Chemical Corporation and Mazda Motor Corporation have jointly developed the new engineering plastic Durabio, which is made from isosorbide deriving from plants. The material is said to feature superior properties compared to general bio-based engineering plastics in terms of impact resistance, heat resistance and weathering. The new grade has been adopted for the front grill of the Mazda CX-5.

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