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LyondellBasell announced that it has signed a Memorandum of Understanding (MoU) to form a 50:50 joint venture (JV) with China Petroleum & Chemical Corporation (Sinopec), one of the largest integrated energy and chemical companies in China.

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The plastics industry produced 8.89 million tons of products in 2019, up 7.2 percent from the previous year, and earned USD 17.58 billion in total revenues, it was reported at a conference held by the Vietnam Plastics Association in HCM City on 3 January 2020.

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Poland's chemical firm Grupa Azoty has asked the country's anti-trust regulator UOKiK to approve the construction of installations for polypropylene production by a group comprising Azoty and its one Polish and two South Korean partners, UOKiK said on Monday (30 December 2019).

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Cefic, the European Chemical Industry Council, expects chemical production in the European Union (EU) to have declined by 1 % in 2019 compared to 2018. For 2020, chemical production is expected to stay on the same level as 2019.

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Uzbekistan has started up a new chemical complex at Navoiazot in the Navoi region of Uzbekistan, according to the press service of the Uzbek president. The project, earlier valued at around USD 500 million, has the capacity to produce 300,000 t/y of methanol, 100,000 t/y of polyvinyl chloride (PVC) and 75,000 t/y of caustic soda. CAMC Engineering and HQC (Shanghai) Co. of China were contractors for the project.

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LyondellBasell and China Petroleum & Chemical Corp. (Sinopec) have signed a non-binding memorandum of understanding (MoU) to form a 50-50 joint venture for building a new propylene oxide (PO) and styrene monomer (SM) plant in Zhenhai, Ningbo, China. The facility, which will be based on LyondellBasell's PO/SM technology, is expected to produce 300,000 t/y of PO and 600,000 t/y of SM to serve the domestic market. 

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Foam Expo North America 2020, one of the world’s largest dedicated exhibitions and conferences for the technical foam industry, will take place from 24 – 26 March 2020 in halls A, B and C of the Suburban Collection Showplace in Novi, MI, USA. According to the organiser, Smarter Shows (Tarsus) Limited, the event is a meeting place for the manufacturers, suppliers and buyers of technical foam products and technologies, offering attendees access to innovative machinery and services from across the entire foam supply chain. Moving into its fourth year, the event provides a unique opportunity to network with OEMs and suppliers and keep up-to-date with the latest industry trends.

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On 19 December 2019, PolyOne Corporation announced that it has entered into an agreement with Clariant to purchase its global colour and additive masterbatch business.  In addition, PolyOne has entered into an agreement with Clariant Chemicals India Ltd. to purchase its colour and additive masterbatch business. The combined net purchase price is USD 1.45 billion. The closing of both transactions is subject to customary closing conditions and regulatory approvals and is expected by by mid-2020.

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South Korea said Wednesday (8 January 2020) it will spare no efforts to revitalize the country's petrochemical industry facing a prolonged slump amid growing protectionism and competition.

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The International Rubber Conference – IRC 2020 will be held under the theme “Sustainable Technology, Innovation and Mobility” from 15 – 17 October 2020 at the Chennai Trade Centre in Chennai, Tamil Nadu, India. The event will comprise a conference and an exhibition. It is being organised by the Indian Rubber Institute (IRI) under the auspices of the International Rubber Conference Organisation (IRCO), an association of rubber societies from around the world which plan the calendar for the annual IRC.

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New breakthroughs and the main challenges in the field of nanopolymers were among the key topics of discussion at the 2019 Nanoaugmented Materials Industry Summit (NAUM’19) in Kyoto, Japan, from 5 – 6 November 2019. According to the event organiser OCSiAl Group, the number of graphene nanotube-enhanced polymer applications is growing fast, building an ecosystem of greater efficiency and durability around us – e.g. in wind turbines, tyres, anti-static packaging and clothes, home and industrial electronics, as well as car parts.

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