22 Dec 2024
The GPPS facility has been under pressure due to subdued market demand and challenging economic conditions. Despite efforts to improve operational efficiency, the decision reflects persistent economic headwinds impacting the petrochemical industry.
20 Dec 2024 SPVC k67-68
Shintech, a subsidiary of Shin-Etsu Chemical and the world’s largest producer of PVC, has announced the commencement of commercial production at its newly established PVC plant in Plaquemine, Louisiana, USA. The facility is expected to reach full operational capacity by the end of the month.
17 Dec 2024 PPH Inj PPH Raf
The cumulative production loss of 112,424 tons represents a moderate reduction relative to China's average monthly PP production capacity. Market participants remain unconcerned over these overhauls, citing two key mitigating factors:
17 Dec 2024
Shandong Yulong Petrochemical has initiated trial production at parts of its newly constructed petrochemical complex in Yantai City, Shandong Province, China, marking the operational debut of the Phase I grassroots integrated project after four years of development.
13 Dec 2024
11 Dec 2024
04 Dec 2024
This move is part of a broader strategy to mitigate financial losses. In the third quarter of 2024 alone, the company reported an operating loss of 413.6 billion won, bringing total operating losses for the year to 660 billion won.
