Hainan Refining & Chemical LDPE Unit Sets Longest Continuous Run Record

Daicel Corp. has adjusted its business plan for its consolidated subsidiary, TOPAS Advanced Polymers GmbH, postponing the production start-up of its new cyclo-olefin copolymer (COC) plant in Germany, as reported by CPRJ on February 11. Originally scheduled to begin production in April 2026, the plant is now postponed to the fourth quarter of the fiscal year ending March 2027. The company stated that the postponement is due to lower-than-expected market demand growth influenced by the EU's Packaging and Packaging Waste Regulation (PPWR), as well as significant increases in construction and labor costs.

On February 10th, ExxonMobil released its 2025 financial report, stating that the company's foundation is now more solid. In terms of key financial figures, ExxonMobil's total revenue for 2025 was $332.2 billion, net profit was $28.8 billion, and operating cash flow for the full year reached $52 billion. Earnings per share for 2025 were $6.70, and capital and exploration expenditures were $28.4 billion. Looking at the fourth quarter of 2025 alone, the company's total revenue was $82.3 billion, net profit was $6.5 billion, and operating cash flow was $12.7 billion. Earnings per share for the quarter were $1.53, and capital and exploration expenditures were $7.5 billion.

On February 10th, data showed that among Japan's three major automakers, Toyota and Nissan saw sales increase in China in January, while Honda continued to decline. Toyota's sales increased by 6.6% to 145,500 units, the first year-on-year increase in five months. Nissan increased by 10.1% to 50,024 units, the first increase in two months. Honda's sales decreased by 16.5% to 57,489 units, marking the 24th consecutive month of decline, with the delay in launching new electric vehicles being a contributing factor.

On February 10th, Cailian Press reported that the Alipay Robotaxi ride-hailing mini-program has recently been launched. According to official customer service, Robotaxi is an autonomous driving ride-hailing service platform provided by the Alipay travel channel, currently aggregating autonomous driving service providers such as Pony.ai, but has not yet been officially launched. The Robotaxi mini-program currently operates in parts of five cities, including Guangzhou, Dongguan, Beijing, Wuhan, and Shenzhen, with more cities being gradually connected.

Recently, Hainan Refining & Chemical's full-density polyethylene (FDPE) plant achieved 516 days of continuous safe and stable operation, setting a new industry record for the longest operating cycle of similar units. With production capacity exceeding design specifications and an equipment integrity rate maintained at 100%, the plant has secured a successful start to safe production for 2024.