Global raw material input costs are by far the most expensive components in the cost of goods sold for adhesive and sealant formulators, equaling about 50% of revenue as an industry average (a higher percentage than coatings formulators face). Globally, raw material prices are facing greater uncertainty after seeing a period of relative stability following […]
In its most recent report, the American Chemistry Council (ACC) shared that chemical production in the United States and the rest of the world closed 2024 on an upswing. The ACC reports that the Global Chemical Production Regional Index (Global CPRI) increased by 0.1% in December of 2024, after a revised 0.5% rise in November […]
While experiencing significant challenges over the past four years, the chemical industry is showing signs of stabilization. In its most recently released report, the American Chemistry Council’s (ACC) Global Chemical Production Regional Index states that production was trending higher in December by 0.1%, with China leading in terms of gains. The U.S. Chemical Production Regional […]
OQ Chemicals has declared Force Majeure for certain products manufactured at the Oberhausen, Germany site due to a significant disruption at a raw material supplier. The disruption occurred at a raw material supplier’s synthesis gas unit located at the OQ Chemicals’ Oberhausen site. The site partner produces technical gases, including synthesis gas, which is supplied […]
Encina, a U.S.-based producer of ISCC PLUS-certified circular chemicals, reached a long-term supply agreement for chemically recycled, circular feedstock derived from post-consumer end-of-life plastic. Specifically, Encina will supply Covestro with benzene and toluene pending the completion of Encina’s production facility, which is anticipated to come online at the end of 2027. Building upon previous sustainable […]
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