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  • 22 2023-08
    Longhua New Material: The company's CASE polyether is mainly used in the preparation of polyurethane coatings, adhesives, sealants, elastomers, etc
    Some investors asked on the investor interactive platform: Can case polyether and polyetheramine products be used for potting of electronic components such as the PCB field to prevent dust and shock? Longhua New Materials(301149. SZ) said on the investor interactive platform on August 14 that the company's polyether for CASE is mainly used in the preparation of polyurethane coatings, adhesives, sealants, elastomers, etc., among which elastomer products can be widely used in the production of plastic runway paving materials, rollers, solid tires, waterproof materials and other products. There are still many processing and manufacturing links between the company's products and downstream terminal products, and it is impossible to determine whether it is directly or indirectly used in the PCB industry. The company's terminal amino polyether project is under construction, and the product has not yet been commercially produced, and the application of the product is subject to the company's official website and relevant announcements disclosed by the public.
  • 22 2023-08
    Lightweight polyurethane foam won the Altair Enlighten Award
    Michigan-based global technology company Altair and the Center for Automotive Research (CAR) have nominated Marelli's polyurethane foam for interior products as the 2023 Altair Enlighten Award winner in the Future of Lightweighting category. Altair is a global leader in computational science and artificial intelligence (AI), providing software and cloud solutions for simulation, high-performance computing (HPC), data analytics and artificial intelligence. Marelli has developed a new lightweight polyurethane foam that can be used in all foam-in-place (FIP) applications, especially for main instrument panels. This result was developed together with its materials partner Covestro. 40% weight reduction Compared to the foam currently in use, the new foam is 40% lighter with new tools (8% weight reduction when using existing tools); 50% reduction in foam thickness to support aesthetic styling; Raw material costs were reduced by 20%. In line with the industry's ongoing focus on sustainable and eco-friendly materials, the new foam also reduces the environmental impact of automotive production by reducing the amount of material used per part, reducing density and reducing volatile organic compounds (VOCs) by 80%. In addition to bringing environmental benefits, this lightweight foam meets or exceeds customer requirements for high-quality haptics and appearance of interiors. Foam-in-place (FIP) technology is a staple technology in automotive interiors, effectively achieving the soft-touch feel required for major contact surface parts such as main instrument panels, door panels, and center console armrests. Solvay's Ajedium PEEK slot liner was runner-up Solvay Specialty Polymers' Ajedium PEEK slot liner was the runner-up in the "Lightweighting of the future" category. Its Ajedium PEEK slot liner reduces battery pack weight by 12 kg (36.4 lbs) and motor weight by 4 kg (8.8 lbs). In addi
  • 22 2023-08
    In-depth analysis: current situation and prospects of polyurethane industry at home and abroad
    my country's polyurethane industry started in the late 1950s and has now become the largest producer and consumer of polyurethane. At present, my country's polyurethane production is regionally concentrated, and has formed four regions: the Yangtze River Delta centered on Shanghai, the Pearl River Delta centered on Guangdong, the Bohai Rim and the Northeast region centered on Huludao, and the Northwest region centered on Lanzhou. In the future, the southwest region centered on Chongqing and the Hercynian region centered on Quanzhou will be added in the future. As the industry develops, many problems have emerged, such as overcapacity, few high-end products, and serious product homogeneity. These problems have seriously affected the international competitiveness of my country's polyurethane industry and need to be resolved urgently. Polyurethane (PU) is an organic polymer product produced by the chemical reaction of isocyanate and active hydrogen. Its properties can be adjusted in a wide range, such as from sponge to elastomer, from paint to sealant, from shoe sole slurry to spandex and more. 1. The status of the international polyurethane industry 1.1 Development History of International Polyurethane Industry In 1937, German Otto Bayer first discovered that polyurethane could be produced by the addition polymerization of polyisocyanates and polyol compounds. After World War II, the United States, Britain, Japan and other countries introduced German technology for the production and development of polyurethane. In 1945, the American Dupont Company and Monsanto Company built a 2,4-toluene diisocyanate test workshop for the production of rigid polyurethane foam. In 1946, the United States carried out research on rigid polyurethane foam, and the products were used in aircraft sandwich panels. In 1952, Bayer conducted a pilot test of polyester-based flexible polyurethane f
  • 22 2023-08
    In-depth analysis: current situation and prospects of polyurethane industry at home and abroad
    2. Domestic polyurethane industry status 2.1 Development history of domestic polyurethane industry my country's polyurethane industry started late in the late 1950s. In 1958, Dalian Dyestuff Factory developed isocyanate (TDI), and in 1962, it built a production facility with an annual output of 500 tons. In the early 1960s, Jiangsu Chemical Industry Research Institute and others developed polyether-type PU flexible foam. In the early 1970s, Jiangsu Research Institute and Nanjing Rubber Factory developed mixed PU elastomer (MPU). At the same time, Tianjin Chemical Industry Research Institute and Tianjin Paint Factory developed PU coatings. In 1974, Beijing Institute of Construction Engineering developed PU waterproof material, and Jiangsu Institute developed PU waterproof and grouting materials. In 1976, Jiangsu Research Institute and others carried out the research and development of PU track rubber technology, and in 1978, it began to promote it on a large scale in domestic sports venues. In the 1980s, domestic manufacturers successively introduced 10,000-ton polyether production equipment. For example, Yantai Synthetic Leather Factory introduced PU synthetic leather technology from Japan and a 10,000-ton MDI production equipment. In the 21st century, the polyurethane industry has become one of the fastest growing industries in my country's chemical industry. 2.2 Domestic production and sales of polyurethane The output of my country's polyurethane industry from 2014 to 2021 is shown in Figure 4. It produced 966 tons in 2014, 10.35 million tons in 2015, 10.85 million tons in 2016, and 11.89 million tons in 2017, maintaining a compound annual growth rate of 7.28%. The output in 2020 will be approximately 14.7 million tons, a year-on-year increase of 7.6%, and will reach 15.32 million tons in 2021, a year-on-year increase of 4.22%. my country's polyurethane consump
  • 22 2023-08
    In-depth analysis: current situation and prospects of polyurethane industry at home and abroad
    1) Polyurethane foam Polyurethane foam is widely used in thermal insulation, furniture production, etc. According to data from Allied Market Research, my country's polyurethane foam (including flexible foam and rigid foam) sales volume was 1.3783 million tons in 2019, and is expected to reach 1.6526 million tons in 2022, with an average annual compound growth rate of 6.24% from 2019 to 2022. The guidance of the "Thirteenth Five-Year Plan" development plan for the plastics processing industry points out that the "import substitution" strategy should be vigorously implemented to strive for the main products and accessories of the plastics processing industry to meet the needs of economic and social development, especially the high-end fields, by 2025. Some products and technologies have reached World leading level. 2) Polyurethane elastomer Polyurethane elastomers are divided into casting type, thermoplastic type and mixing type according to the production process. They are widely used in steel, conveyor belts, papermaking rubber spokes and other fields. In recent years, the proportion of polyurethane elastomers in polyurethane products in my country has been increasing. In 2015, the consumption of polyurethane elastomers was 860,000 tons, a year-on-year increase of 4.2%. In 2018, it rose to 1.07 million tons. The consumption continued to increase from 2019 to 2022. The reason is mainly due to the large-scale use of thermoplastic elastomers in the automotive field and the construction industry. (TPE) materials have driven the development of the industry. 3) Polyurethane coating In 2015, the consumption of polyurethane coatings was about 1.65 million tons, accounting for 16% of the sales volume of polyurethane products. In 2021, it will reach 2.45 million tons, accounting for about 16%. At present, there are more than 60 kinds of polyurethane coatings, and the production enterprises ar
  • 22 2023-08
    Rising demand for sustainable building materials drives European polyurethane market development
    Source - Global Polyurethane Network According to reports, the European polyurethane market value is expected to reach US$26.24 billion by 2024. The rising demand for sustainable building materials has become an important driving force for the development of the industry. The development of terminal industries such as construction, automobiles, transportation, furniture and bedding is the main driving force of the polyurethane industry. It is expected that the continuous development of the construction industry will be the main driving force. The construction industry in Eastern European countries such as Hungary, Poland, and Slovakia will have great development, thereby driving the rise in demand for rigid polyurethane foam. Rigid foam consumes the most, accounting for 30% of the European market in 2015. Financial incentives to reduce energy consumption will promote the development of rigid foam. In 2015, the European polyurethane market size was 4.91 million tons, and it is expected to reach 6.9 million tons in 2024, with a compound annual growth rate of 3.8%. Polyurethane is the most consumed in the construction industry, accounting for more than 35% of the total in 2015. It is expected that the electrical appliance field will have the largest growth, at 5.3%. Germany had the largest demand for polyurethane in 2015, accounting for an estimated 17.5% of the market share. As a major automobile production and export country, Germany has the largest demand for rigid foam. In 2015, the demand for rigid foam accounted for 30% of polyurethane.
  • 17 2023-08
    Introduction to the performance and use of polyurethane foam (rigid foam/soft foam).
    01 Overview of polyurethane foam Polyurethane foam is a porous polyurethane material composed of a large number of micropores and polyurethane resin porous wall meridians, also known as "PU foam", which is the largest variety of polyurethane products, accounting for more than 50% of the total amount of polyurethane products. PU foam accounts for about 55% of the total polyurethane products in Europe, about 65% in Asia and about 70% in the United States. In the market share of various types of foam plastics, PU foam accounts for more than 50%. Compared with other foam materials, polyurethane foam has many characteristics in performance, due to the different production processes and adjustable formulation components, polyurethane can be made into many different varieties of foam. The rapid development of domestic refrigeration and insulation, building energy saving, solar energy industry, automobiles, furniture and other industries has greatly driven the demand for polyurethane foam. In the field of insulation materials, polyurethane foam has occupied a solid market position. Polyurethane foam is divided into soft and rigid types, and with the changing market situation, the demand for polyurethane foam is also increasing, which brings good opportunities. 02 Rigid polyurethane foam Polyurethane rigid foam is mostly closed-cell structure, which has excellent characteristics such as good thermal insulation effect, light weight and convenient construction. At the same time, it also has the characteristics of sound insulation, shockproof, electrical insulation, heat resistance, cold resistance, solvent resistance, etc., and is widely used in refrigerators, freezer box insulation layer, cold storage,
  • 17 2023-08
    How does the new polyurethane REACH regulation affect manufacturers?
    New regulations coming on August 24, 2023, requiring construction training for materials containing diisocyanates, have raised concerns about polyurethane adhesives. These materials are widely used in industrial facilities to bond metals, plastics and even glass due to their reasonable cost, good adhesion, high peel strength and good impact resistance. Polyurethanes can be used to make rigid and flexible foams, as well as varnishes and coatings, adhesives, potting compounds and fibers. The most common use of polyurethane is foam, which accounts for about two-thirds of the total amount of polyurethane used. About 6% of the world's polyurethane is used in adhesives and another 3% in sealants. Polyurethane adhesives are available in one-component (1K) and two-component (2K) formulations, and the basic chemical reaction is the same for both types. They are usually thermosets, but there is another type of polyurethane thermoplastic hot melt adhesive, which is usually polyester-based. Advantages of polyurethane adhesives Polyurethane adhesives have excellent adhesion to a wide range of materials – they bond plastics, metals and synthetics well. Polyurethane adhesives have lower surface energy than epoxy adhesives and therefore have better wetting and adhesion to plastic substrates. There are many types of polyurethane adhesives – they can be formulated with different cure lifetimes, while viscosity grades can range from self-leveling to non-slumping and curing grades from very soft to very hard. Polyurethane adhesives have good performance characteristics: extremely toughness, high peel strength, suitable for gap filling. Because they are impact, solvent, weather and abrasion resistant, they are popular in outdoor applications. Importantly, they are relatively low-cost materials that are easy to apply and cure (typically, these adhesives cure at room temperature, but heating speeds up the c
  • 03 2023-08
    Record high! Our city has added 6 provincial industrial Internet benchmarking factories
    Recently, the Department of Industry and Information Technology of Jiangsu Province announced the list of 2023 provincial industrial Internet demonstration projects (benchmark factories) to be recognized, and 6 enterprises such as CGN Delta, Magna and Asahikawa Chemical in our city were selected, with a record number of selected and ranked in the forefront of Suzhou, accounting for 18% of the number of selected in Suzhou. The industrial Internet benchmark factory mainly relies on the industrial Internet platform, comprehensively uses data collection and integrated application, modeling analysis and optimization and other technologies to achieve the optimization of all levels of the manufacturing system, as well as the whole process optimization of products, factory assets and business, and complete the innovation of enterprise production mode. In recent years, the city has focused on strengthening the service platform, establishing integration benchmarks, expanding application fields, and creating the best ecology, focusing on the industrial Internet to compete for intelligent transformation and digital transformation new tracks. At present, the city has been evaluated as a total of 4 pilot demonstration projects of the integration of new generation information technology and manufacturing industry of the Ministry of Industry and Information Technology, 3 pilot demonstration projects of the Industrial Internet of the Ministry of Industry and Information Technology, and 13 provincial industrial Internet benchmarking factories (platforms). The industrial Internet is the key foundation for the deep integration of the digital economy and the real economy, and is a strategic infrastructure for new industrialization. In the next stage, the Municipal Bureau of Industry and Information Technology will promote the industrial Internet to play a more significant role in the development of digitally-enabled industrial innovation cl
  • 01 2023-08
    Evoco replaces fossil-based polyurethane foams with bio-based materials to help reduce carbon emissions in the footwear industry
    According to the World Economic Forum, the fashion industry and its supply chain emit 10% of the world's greenhouse gases each year. As footwear companies begin to consider their environmental footprint, brands are finding that a significant portion of their greenhouse gas emissions come from the materials they use (from carbon-intensive petrochemicals). Evoco was founded by Jason Robinson, a pioneer in climate technology with over 20 years of experience in commercializing renewable technologies. Evoco is an innovative company dedicated to unlocking the potential of phytochemistry to develop low-carbon, high-performance materials. Commenting on Evoco's significant impact on the footwear industry, Jason Robinson said: "The footwear industry has assessed its environmental impact and now understands that the main way to reduce its environmental impact is to reduce its dependence on petrochemicals. Evoco's solution is to put plants at the heart of its innovation platform, replacing oil with plants to develop high-performance materials. Helping brands on their depetrochemical journey by providing solutions that decarbonize and detoxicate their supply chains." In fact, Evoco's plant-based foam technology FATES is made from up to 85% bio-based components, 100% of which are plant-based certified. Using bio-based foam to manufacture footwear components such as insoles or midsoles can reduce greenhouse gas emissions by up to 70% compared to traditional petroleum-based polyurethane foams. Notably, the company regularly conducts life cycle analyses to drive innovation and product development to minimize environmental impact. The company focuses on all impact categories, not just greenhouse gas emissions. Jason Robinson acknowledges that standard polyurethane foam has many advantages, but says FATES performs as well as these petroleum-based components, if not better. For consumers, this means a high-quality, sustainable pro
  • 01 2023-08
    List | 2023 list of the 50 largest chemical companies in the United States
    Chemical & Engineering News (C&EN) released the "US TOP 50 CHEMICAL COMPANIES OF 2023" LIST, WHICH RANKS RELATED COMPANIES BY THEIR CHEMICAL SALES IN FISCAL YEAR 2022. The top three on this year's list are Dow, ExxonMobil and LyondellBasel. Rank Company Area Chemical Sales in FY2022 1. Dow diversified $56.902 billion 2. ExxonMobil Petrochemical $47.498 billion 3. LyondellBasell Petrochemical $39.476 billion 4. Mosaic fertilizer $19.125 billion 5, Chevron Phillips Chemical petrochemical $14.18 billion 6. DuPont diversified $13.017 billion 7. Air Products Industrial Gases $12.699 billion 8. CF Industries fertilizer $11.186 billion 9. Westlake Chemical Petrochemical $11.008 billion 10. Eastman Chemical diversified $10.58 billion 11. Celanese diversified $9.673 billion Corteva Agriscience, Agricultural Chemicals, $8.476 billion 13 Huntsman diversified $7.797 billion 14. Olin chlorine chemistry $7.776 billion 15. Albemarle Specialty Chemicals $7.32 billion 16. Ecolab $6.94 billion in process services 17. Chemours diversified $6.794 billion 18. Occidental Petroleum Petrochemicals $6.757 billion 19. Lubrizol Specialty Chemicals $6.7 billion 20 Honeywell International $5.996 billion in fluorine compounds 21. FMC Corp. Agricultural Chemicals $5.802 billion 22. Trinseo polymers $4.966 billion 23 Cabot Specialty Chemistry $4.321 billion 24 H.B. Fuller Specialty Chemistry $3.749 billion 25.Tronox pigments $3.454 billion 26 Ascend Performance Materials polymers $3.000 billion 27. Avantor Laboratory Chemistry $2.898 billion 28. Stepan detergent $2.7
  • 31 2023-07
    The official meeting released a positive signal The domestic chemical industry volume has risen strongly
    The Political Bureau of the CPC Central Committee held a meeting on July 24 to plan economic work in the second half of the year, which affirmed the economic operation situation in the first half of the year, but also pointed out that there are "new difficulties and challenges". The meeting had new formulations on real estate policy, local government debt risk and capital market, and "housing is not speculation" was not mentioned again, indicating that the policy wind is changing. At the same time, the expansion of domestic demand has been put in a more prominent position; Emphasize "stabilizing the basic market of foreign trade and foreign investment". The positive signals released by the meeting prompted market sentiment to boil, and the A-share and commodity markets were widely red on the 25th, and the spot of chemical futures rose strongly. Industry analysis, the current bottom trend of the chemical industry cycle is obvious, and the short-term bottom valuation repair market driven by the improvement of market sentiment can continue to be expected; In the medium term, the strength and effect of the implementation of various supportive policies need urgent attention, after the traditional off-season in July and August, the chemical bulk is expected to slowly return to the upward channel, but the rhythm of specific products still needs to be further observed. The Politburo meeting focused on new approaches to real estate and capital markets The Political Bureau of the CPC Central Committee held a meeting on July 24 to plan economic work in the second half of the year. This meeting affirmed the economic operation trend in the first half of the year, but also pointed out that there are "new difficulties and challenges", mainly due to insufficient domestic demand, some enterprises operating difficulties, many hidden risks in key areas, and a complex and severe external environment. The meeting had new formulations in t
  • 26 2023-07
    Announcement on the environmental protection commissioning of the second phase of the expansion project with an annual output of 280,000 tons of polyurethane new materials
    According to the "Decision of the State Council on Amending the "Regulations on the Administration of Environmental Protection of Construction Project Completion" (Order of the State Council, No. According to the "Decision of the State Council on Amending the "Regulations on the Administration of Environmental Protection for Completion of Construction Projects" (State Council Order No. 682), and the "Announcement of the Ministry of Environmental Protection on Issuing the "Interim Measures for Environmental Protection Acceptance of Construction Project Completion" (National Environmental Regulation and Environmental Assessment [ 2017] No. 4), the environmental protection commissioning time of Asahikawa Chemical (Suzhou) Co., Ltd.`s expansion of 280,000 tons of polyurethane new material project is now announced as follows: Project Name: Asahikawa Chemical (Suzhou) Co., Ltd. Expansion of 280,000 tons/year polyurethane new material project Phase II project 20,000 tons/year thermoplastic polyurethane materials Construction address: No. 16 Huasu Middle Road, Taicang Port Development Zone, Taicang City, Suzhou City, Jiangsu Province Construction unit: Asahikawa Chemical (Suzhou) Co., Ltd. Commissioning start and end time: from July 26, 2023 to July 25, 2024, for a period of one year. footwear,polyurethane,leather,tpu,cpu,flexible package,shoe sole
  • 25 2023-07
    Cost-effective, safe and environmentally friendly, containers and containers share blue cycle service polyurethane non-hazardous chemical packaging and transportation
    With the increasing global pursuit of sustainable development, various industries are actively looking for more efficient, environmentally friendly and economical supply chain solutions, especially for traditional highly polluting industries such as chemicals. As a non-hazardous chemical liquid raw material widely used in automotive interior parts, coatings, adhesives, textiles and other products, the safety and sustainability of polyurethane packaging and transportation have become the focus of user attention. The Blue Cycle service, pioneered by container sharing, provides a safer, environmentally friendly and cost-effective packaging and transportation solution for polyurethane-based non-hazardous liquid chemicals. The chemical industry is known to be a highly polluting and high-carbon emission industry, facing more severe environmental policy pressure and green challenges. Traditional packaging methods, such as iron drums and disposable IBC ton drums, have multiple problems: first, the procurement and operation management costs of fixed packaging are high, and the price of raw materials rises, resulting in further increases in the cost of packaging tons; Second, traditional disposable packaging, high pollution and high carbon emission model is not in line with the company's ESG sustainable development strategy; Third, the upstream and downstream of customers adopt different packaging methods, resulting in inconsistent packaging methods and difficult management; Fourth, customers need to recycle and manage empty assets by themselves, adding additional costs. As a green supply chain recycling platform, FCC Sharing integrates product design and development, manufacturing, and circular operation services, and has provided recycling services for non-hazardous chemicals, food and beverage, cosmetics, automobiles and home appliance parts and other industries. FCC has invested a large number of intelligent liquid turnover box IBC assets
  • 19 2023-07
    2023 China (Anqing) Chemical New Materials Exhibition and Huating Lake Chemical New Materials Academician Forum
    Name: 2023 China (Anqing) Chemical New Materials Exhibition and Huating Lake Chemical New Materials Academician Forum Theme: Science and technology empower new materials to accelerate the revitalization of new kinetic energy When: November 29-December 1, 2023 Venue: Anqing Convention and Exhibition Center Scale: 32000㎡ Organizational Unit (to be invited) Organizers: China Petroleum and Chemical Industry Federation, Anhui Chemical Industry Association, China International Exhibition Group Organizer: CMEC Creative Exhibition Co., Ltd Co-organizer: Anqing Convention and Exhibition Center Strategic cooperation: Sinopec Anqing Petrochemical Company, Anhui Shuguang Chemical Group Co., Ltd., Anqing Feikai New Materials Co., Ltd., IGM (Anqing) Technology Development Co., Ltd Co-organizers: Anhui New Materials Industry Association, Anqing Science and Technology Association, Anqing New Chemical Materials Association, Anqing Research Institute of Beijing University of Chemical Technology, Huaibei Chemical Industry Association, Anqing Normal University Collaborative Innovation Center for New Chemical Materials Distribution of exhibition areas Focusing on displaying new achievements, new products, new technologies, new formats and new models in the field of new chemical materials, with a total planning of 32,000 square meters, nine exhibition areas are set up around the whole industry chain of new chemical materials. (1) Anhui Province Chemical New Material Industry Development Achievements Exhibition Area (landing hall 2000㎡) Invite relevant cities and group enterprises inside and outside the city to present the development plans, measures, industrial policies and development achievements in the field of new chemical materials. Lead unit: Anqing High-tech Zone Management Committee (2) New chemical materials exhibition area (Hall 1 6000㎡) Exhi
  • 17 2023-07
    The secret of spraying rigid foam polyurethane exterior wall exterior insulation system technology
    What is exterior polyurethane spraying? At this stage, how do China's construction enterprises carry out exterior wall polyurethane spraying and coating, and what is the basic situation? The following is the content related to the professional architectural terminology of polyurethane spraying construction of the exterior wall, and the basic situation is as follows: Basic overview of polyurethane spraying for exterior walls: Polyurethane rigid foam roof, exterior wall waterproof insulation integrated system After the building structure is roofed, the insulation and waterproofing of the roof is a very important project. Traditional practice insulation and waterproofing are two systems, each of which is constructed, and the superposition of the two materials constitutes a waterproof insulation system for the roof. In the actual construction project, due to the influence of a variety of factors, there are often some quality problems, resulting in damage to the building, thereby destroying the waterproof insulation system of the roof. Polyurethane spraying exterior wall insulation construction process: 1. The ambient temperature during spraying construction should be 10-40 degrees, the wind speed should not be greater than 5m/s (level 3 wind), the relative humidity should be less than 80%, and no construction should be carried out in rainy days. When the construction environment temperature is lower than 10 degrees, reliable technical measures should be adopted to ensure the spraying quality. 2. The distance between the spray gun head and the working surface should be adjusted according to the pressure of the spraying equipment, and should not exceed 1.5m; the speed of the spray gun head should be uniform during spraying. During the operation, it is necessary to confirm that the surface of the polyurethane rigid foam sprayed on the previous layer does not stick to the hands before spraying th
  • 17 2023-07
    Valued at over $30 billion! Abu Dhabi National Oil Company and Austrian Oil & Gas are exploring a merger
    Abu Dhabi National Oil Company (Adnoc) and Austrian Oil and Gas (OMV) are discussing merging Borouge and Borealis to form a chemical giant valued at more than $30 billion. OMV holds a 75% stake in Vienna-based Borealis, Austria, with ADNOC holding the remainder. Borouge, listed in Abu Dhabi, UAE, is a joint venture between ADNOC and Borealis with a market capitalization of approximately $22 billion. According to Bloomberg recently, the owners of the two companies are discussing the potential value and ownership structure of the combined company, and may agree on formal terms of the merger in the coming weeks. Borealis, including its stake in Borouge, is reportedly valued at about $10 billion. The combined entity's total valuation could exceed $30 billion (including potential synergies). The source added that the talks have been on and off for several months and there is still a possibility that they could be delayed or stopped. They noted that the two fundamental obstacles to reaching any agreement were specific value and ownership structures. However, given a number of factors, including government regulation, the final agreement may not be reached. The merger will give Adnoc and OMV the scale advantage they need to compete, simplifying the ownership structure. At the same time, it gives them more freedom to spend and grow in Asia, where demand for chemicals and plastics is currently rising. Borealis, a leading producer of polyolefins and basic chemicals in Europe, generated total revenues of around €12.2 billion and a net profit of €2.1 billion in 2022. Borouge's 2022 revenue was $6.7 billion and full-year adjusted EBITDA was $2.6 billion. Thermoplastic Polyurethane (TPU) is a type of elastomer
  • 12 2023-07
    2024 Guangzhou International Shoe Machine Shoe Material Leather Industry Exhibition
    2024 Guangzhou International Shoe Machinery Shoe Material Leather Industry Exhibition is a complete event of Chinese shoe machinery shoe material leather industry product categories, co-sponsored by Guangdong Shoe Machinery Association, Wenzhou Shoe Machinery Chamber of Commerce, Guangzhou Guangzhou Tourism Exhibition Planning Co., Ltd., known as footwear and leather industry indispensable one-stop industrial chain trade exhibition, in the face of a challenging special period, this exhibition will stimulate the industry market recovery, continue to collect emerging products and machinery in the industry, convenient for professional buyers from all over the world to visit and purchase, Establish cooperation with quality suppliers to create new business opportunities. The last exhibition has been successfully concluded on June 1, 2023 at Guangzhou Pazhou-Poly World Trade Center Expo! 30,939 people from 130 countries and regions around the world attended the exhibition, including 90,766 overseas visitors, including Vietnam, Indonesia, Malaysia, Singapore, South Korea, Japan, Mongolia, Thailand, Egypt, Brazil, India, Pakistan, Sri Lanka, Italy, Germany, the United States, the United Kingdom, Hong Kong, Taiwan, Macao, etc. Thousands of new products, new technologies and new equipment in the footwear and leather industry come together to compete! The most cutting-edge products and industry trends were displayed for the buyers on site, and good results were obtained on site. From May 30 to June 1, 2024, we will continue to present you with wonderful footwear industry events at Pazhou Poly World Trade Center Expo. 2024 Guangzhou International Shoe Machinery Shoe Material Leather Industry Exhibition is an industry event with more shoe machinery exhibitors and concentrated product categories in the global footwear industry exhibition, and is known as an important one-stop industrial chain trade exhibition in the footwear industry. In the face
  • 04 2023-07
    The 26th China (Wenzhou) International Leather, Shoe Material and Shoe Machinery Exhibition 2023
    On July 2-4, 2023, the 26th China (Wenzhou) International Leather, Shoe Materials and Shoe Machinery Exhibition will be held at the Wenzhou International Convention and Exhibition Center, with "2023 China (Wenzhou) International Sewing Equipment Exhibition", "2023 China (Wenzhou) International Knitting Machinery, Flying Knitting Upper and Digital Printing Exhibition" and "2023 China (Wenzhou) International Synthetic Leather Exhibition" held concurrently. Based on the advantages of Wenzhou's "China Shoe Capital" industrial chain, the exhibition is guided by market demand under the new situation, integrates upstream and downstream resources in the industry, helps participating enterprises connect with new business opportunities, and helps the high-quality development of the shoe leather industry. Concurrent Exhibitions: 2023 China (Wenzhou) International Knitting Machinery, Flying Knitting Upper and Digital Printing Exhibition 2023 China (Wenzhou) International Sewing Equipment Exhibition 2023 China (Wenzhou) International Synthetic Leather & Waterborne and Solvent-free Materials Exhibition Range of exhibits Leather, shoe materials, shoe chemicals, footwear hardware/accessories, shoemaking machinery, knitting machinery, flying uppers, digital printing equipment, laser equipment, 3D printing equipment, CAD/CAM systems, etc footwear,polyurethane,leather,tpu,cpu,flexible package,shoe sole
  • 04 2023-07
    [Guanghua 20th Anniversary] to help benchmark enterprises scientific management - into Xuchuan Chemical
    2023 is the 20th year of Guanghua Empowerment's establishment.   Twenty years of streamers, unswerving, one body and two wings, the pursuit of scientific management ideals.   Taking the opportunity of Guanghua's 20th anniversary, we held a benchmark enterprise visit to interview management experience, discuss corporate challenges, and touch the spirit of scientific management and the epitome of countless enterprises moving forward bravely from the perspective of customers.On June 28, an expert group led by Zhang Jianxin, vice president of Guanghua Management Research Institute, walked into Guanghua benchmark enterprise - Xuchuan Chemical, visited a national high-tech enterprise, learned about the current situation of production and operation of the enterprise, and exchanged development needs of the enterprise. Under the guidance of Wang Fangfang, Minister of Human Resources of Asahikawa Chemical, Hu Chao, Minister of Talent Management, and Zhang Xuefeng, Minister of Administration, Guanghua expert group visited the headquarters of Asahikawa Chemical.   The sun rises in the east, and the sea embraces all rivers. Founded in 2007 with a registered capital of 500 million yuan, headquartered in Taicang Port National Economic and Technological Development Zone, Jiangsu Province, Xuchuan Chemical is a high-tech enterprise focusing on the research and development, production and sales of polyurethane new chemical materials, and its products are widely used in people's livelihood, industry, medicine, vehicles and military fields, and it ranks second in comprehensive strength and first place in a single sector in the industry, and its products are exported to more than 40 countries and regions in the world.   In order to continuously improve the endogenous power of the enterprise and support the implementation of the enterprise strategy with refine
  • 25 2023-06
    The most complete polymer material in history and its abbreviation!
    The most complete polymer material in history and its abbreviation, Xiaobian has compiled a rich information for you that is both clear and beautiful, and easy to consult and remember, which is worth collecting our composite materials! Polymer materials, also known as polymer materials, are materials composed of polymer compounds as a matrix and other additives (additives). Polymer materials are classified by source Polymer materials are divided into natural polymer materials and synthetic polymer materials according to their sources. Natural polymers are polymer substances present in animals, plants and organisms, which can be divided into natural fibers, natural resins, natural rubber, animal glue, etc. Synthetic polymer materials mainly refer to plastics, synthetic rubber and synthetic fibers, in addition to adhesives, coatings and various functional polymer materials. Synthetic polymer materials have properties that natural polymer materials do not have or are relatively superior - small density, higher mechanics, wear resistance, corrosion resistance, electrical insulation, etc. Polymer materials are classified by application Polymer materials are divided into rubber, fiber, plastic, polymer adhesive, polymer coating and polymer matrix composite materials according to their characteristics. Polymer materials are classified by application function According to the functional classificat
  • 25 2023-06
    Polyurethane forward-looking: China to build the world's largest raw material and products base
    Polyurethane is an important new chemical material, known as the "fifth largest plastic" because of its excellent performance and variety of uses. China's polyurethane industry has gradually developed and grown with the 100-year history of the founding of the CPC. Today, from furniture, clothing, to transportation, construction, to aerospace and national defense construction, the ubiquitous polyurethane materials not only represent the level of innovation of the modern chemical industry, but also become an important support for China's construction of a manufacturing power. China's polyurethane industry began in the late 50s and early 60s of last century, starting from the production of polyurethane raw materials. In 1958, Dalian Dye Factory took the lead in successfully developing toluene diisocyanate (TDI), and in 1968 built a production plant with an annual output of 500 tons, which created conditions for the development of China's polyurethane industry. Subsequently, Jiangsu Chemical Research Institute and other units have successively developed polyether PU flexible foam plastics, mixed PU elastomers (MPU), polyurethane coatings, polyurethane waterproof materials and other products. In 1976, the Department of Chemical Industry of Jiangsu Province organized Jiangsu Chemical Research Institute and other units to carry out technical research on polyurethane runway glue, and in 1978 began to promote and apply various types of sports venues in China. After the reform and opening up, China began to introduce foreign advanced TDI production technology and equipment. In 1983, the former Ministry of Light Industry invested and built an annual output of 10,000 tons of diphenylmethane diisocyanate (MDI) and TDI project in Yantai, Shandong Province. After the 80s of the 20th century, China began to introduce foreign advanced polyurethane raw materials and products production technology and equipment, domestic scientific research
  • 15 2023-06
    Analysis of the market status of polyurethane industry in the Yangtze River Delta region of China in 2023: leading the country in resource distribution The world's leading area for MDI production capacity
    The regional distribution pattern of domestic polyurethane has gradually formed six major plates, of which the Yangtze River Delta region centered on Shanghai, polyurethane raw materials and their products in the region have accounted for half of the country. The Yangtze River Delta region leads the world in MDI production capacity The Yangtze River Delta region centered on Shanghai is currently the most developed area in the domestic PU industry, and PU raw materials and their products have accounted for more than half of the country. Among them, MDI production capacity accounts for the vast majority of the country's total production capacity, and has become one of the largest MDI production capacity regions in the world. In 2021, Covestro increased MDI production capacity by 50,000 tons; Wanhua Chemical expanded the capacity of the existing Ningbo MDI plant, expanding the capacity of the first phase MDI plant from the existing 400,000 tons/year to 600,000 tons/year, and the second phase of the MDI plant from the existing 800,000 tons/year to 1.2 million tons/year, and it is expected that the two projects will achieve capacity contribution around 2023-2024. Specifically, there are four major production bases in the Yangtze River Delta region, namely Shanghai Polyurethane Industrial Park, Zhejiang Ruian Huafeng Industrial Park, Huafeng New Material Industrial Park and Ningbo Daxie Island MDI Industrial Park. The listed enterprises of polyurethane in the Yangtze River Delta have strong strength and a large scale of production and sales There are many listed enterprises in the polyurethane industry in the Yangtze River Delta region, sitting on leading enterprises such as Huafon Chemical, Kangda New Materials, Huide Technology, Oriental Materials and Meisde, with a large production and sales layout.
  • 15 2023-06
    Analysis and judgment of polyurethane industry at home and abroad in 2023
    Polyurethane (PU) is an organic polymer product produced by the chemical reaction of isocyanate and active hydrogen, and its properties can be adjusted in a wide range, such as from sponge to elastomer, from paint to sealant, from shoe sole slurry to elastic fiber. China's polyurethane industry began at the end of the 50s of the 20th century and has now become the largest producer and consumer of polyurethane. At present, China's polyurethane production is in a regional concentration trend, has formed Shanghai as the center of the Yangtze River Delta, Guangdong as the center of the Pearl River Delta, Huludao as the center of the Bohai and Northeast region, Lanzhou as the center of the northwest region of four plates, in the future to increase the southwest region centered on Chongqing and Quanzhou centered on the Haixi region plate. At the same time of the development of the industry, there have been many problems, such as overcapacity, few high-end products, and serious product homogenization. These problems have seriously affected the international competitiveness of China's polyurethane industry and need to be solved urgently. 1 International polyurethane industry status 1.1 Development history of international polyurethane industry In 1937, Otto Bayer in Germany first discovered that polyisocyanates and polyol compounds can be polyformed to produce polyurethane. After World War II, the United States, Britain, Japan and other countries introduced German technology for the production and development of polyurethane. In 1945, the American company Dupont and Monsanto company built a pilot plant of 2,4-toluene diisocyanate to produce rigid polyurethane foam. In 1946, the United States carried out research on rigid polyurethane foam, and the products were used in aircraft sandwich panels. In 1952, Bayer company carried out the pilot test of polyester flexible polyurethane foam, and in 1952~1954, it develo

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