International News Digest: Raw Material News: Hengyi Petrochemical's profits surge over 100-fold; BASF makes significant concessions in acquisition of Evonik; Celanese raises prices Packaging News: U.S. Just Eased Tax Rebate Restrictions on Aluminum

Borouge International is expanding its capacity for mechanically recycled polyolefins in Europe. The company announced investments at its facilities in Niedergebra, Germany, and Wildon, Austria. According to Borouge, this expansion aims to meet grow

Avantium N.V. has successfully produced the first batch of furan dicarboxylic acid (FDCA) at its flagship FDCA plant in Delfzijl, marking the world’s first commercial-scale facility for FDCA production. Following the successful commissioning of all m

Gasgoo News – On October 16, Geely Holding Group (hereinafter referred to as “Geely Holding”) announced a global strategic partnership with Google. The two parties will jointly build a digital cockpit ecosystem for eligible brand models under Geely H

Rapids Paper + Packaging has expanded the commercial availability of its heat-sealable Ecova Barrier for applications requiring protection against moisture, oxygen, or grease. Ecova’s heat-sealable and functional barrier papers are designed

Covestro AG has announced plans to shut down three of its four polycarbonate (PC) production lines in Antwerp, Belgium, as well as the bisphenol A plant at the site. Citing persistent overcapacity in Asia and rising energy costs in Europe, the compa

Lawrence Berkeley National Laboratory will independently verify the mass of individual units for energy use and recovery. Getty Images   A biotech startup’s enzyme-driven approach to breaking down plastic waste is about to face its toughest

Gulbrandsen has commercially launched HYPORE silica supports and chromium catalyst precursors, expanding its polyolefin product portfolio and providing polyethylene producers with an additional supply option.   Gulbrandsen has commercially launched

Higashi Daisya Co., Ltd. (Tokyo) has decided to acquire all shares (50%) of Nanyo Kasei Co., Ltd. (Tokyo), a joint venture with Asahi Kasei Co., Ltd.。(Tokyo). This transaction will make Nanyo Kasei a wholly-owned subsidiary of Tosoh. Nanyo Kasei bega

At the Fakuma roundtable discussion, industry leaders outlined strategies—including recycling, AI adoption, and association engagement—to foster a more robust future for the plastics industry. Members of the German trade fair g

Enva is reinvesting £9.5 million in the UK’s refrigerator recycling infrastructure, raising its overall processing capacity to more than 2.3 million appliances, equivalent to over 100,000 tonnes per year. This significantly strengthens domestic compl

Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), stated at the 25th World Petroleum Congress held in Riyadh, Saudi Arabia, on the 12th local time that OPEC has lowered its forecast for global dail

The Indonesian government has decided to implement a six-month zero-tariff policy on imports of six categories of plastic raw materials, pursuant to Minister of Finance Regulation (PMK) No. 68/2026, signed by Finance Minister Suharso Nazar. The affec

CurTec USA will invest $10 million to expand its facility in Westminster, South Carolina, increasing job opportunities, production capacity, and manufacturing flexibility. Groundbreaking is scheduled for October 2026, with completion expe

Headlines Digest: Raw Material News- HDIStable Monomer Supply! Tosoh Acquires Asahi Kasei's Stake in Nanyang Chemical50% Automotive News-China and the EU reach consensus in consultations; CAAM, Chery, and BYD have all issued statements. Packaging N

ENGEL is expanding its global production network through a new manufacturing base in Funda, Serbia. This move strengthens the company’s competitiveness and secures a long-term, high-performance value chain in Europe. Additionally, customers in

  WeavabelLaunched a closed-loop plastic bag recycling system to help the apparel supply chain divert plastic packaging waste from landfills. According to Weavabel, “billions” of plastic bags in the clothing supply chain end up as waste each yea

Polyphenylene sulfide (PPS) can now be recovered from polymer waste, with its molecular weight and melting point identical to those of virgin PPS. Toray Industries, Inc. has announced the development of this solvent-based recycling technology. The co

At Fakuma 2026, Kraiburg TPE will focus on material expertise, regulatory knowledge, and partnership-driven development rather than launching a new product. As supply chains become increasingly complex, Kraiburg’s strategy emphasizes long-

Engel forecasts revenue of approximately €1.55 billion for the 2026/27 fiscal year, driven by strong investment in the United States, growth in India, and stable demand in the healthcare sector. CEO Stefan Engleder stated that while the in