South Korea's Chemical Industry: Past and Future - Part 2.

Today, Korean chemical industry executives are focusing on technology and research to propel the country's future success in the chemicals business. Knowing that chemical goods with low or no environmental impact will be in high demand, the trend has been to develop environmentally friendly c...

Prospects for Japan's Chemical Industry

Today, Japan's chemical sector contributes to the country's economic growth by supplying fertilisers, synthetic fibres, and other chemical products, as well as creating and producing new materials required for the development of the automobile, housing, power, and electronics industries. ...

From Post war Recovery to Globalization: Japan's Chemical Industry

As imports of petrochemical products from Europe and the United States increased, so did hopes for domestic manufacture of these products, and Japan's chemical industry entered an era of technological innovation and modernisation. This marked the end of the age of chemical fertilisers and the...

There are new possibilities in Korea's chemical industry.

Four Korean chemical titans (LG Chem, Lotte Chemical, SK Innovation, and Hanwha Chemical) are included in the annual American Chemical Society study of the Global Top 50 Chemical Companies. Korea has the sixth largest chemical market in the world (ACS). As Korea works to diversify and advance its...

With an aim to support Tamil Nadu's USD 1 trillion vision plan, the chemical sector is aiming for USD 70 billion.

An official stated on Wednesday that for Tamil Nadu to realise its goal of a $1 trillion economy by 2030, the chemical industry needs to grow to USD 70 billion, or more than 10 times its current size. As the chemical sector expands to a USD 70 billion market, analysts predict that indirect job cr...

The state of Tamil Nadu has a vision of becoming worth $1 trillion, while the chemical sector there hopes to reach $70 billion.

On Wednesday, a government official in Tamil Nadu stated that in order to realize the state's goal of a $1 trillion economy by 2030, the chemical industry in the region must grow to $70 billion. This represents a more than 10-fold increase from its current size. As the chemical sector expands...

Untapped capacity

The Pakistan Chemical Expo 2022, which took place in Lahore from July 19 to 20, showed the possibilities for trade and investment in the domestic chemical industry. It was a highly encouraging event, reported to be the first of its kind, with participation from over 70 local and 10 international ...

25% of the US economy's GDP comes from the chemical industry

According to a new study published by the US National Academies, the chemical sector in the US generated $5.2 trillion (£4.3 trillion), or over a quarter of the nation's GDP, and employed 4.1 million people in the nation in 2020. A committee led by chemist and president of George Washin...

The Chemical Industry in the United States Faces a Wide Range of Climate Risks

Since the Industrial Revolution, climate change has been mostly driven by human activity, posing a serious threat to the chemical industry as well as employee health and safety. The weather is getting warmer, and the fact that the worldwide sea level has increased by almost 8 inches since 1880 is...

The Chemical Industry's Circular Economy

The circular economy model is a suggested solution to the climate crisis that has received considerable support from lawmakers and business leaders alike. The industrial chemical industry provides materials for 95 per cent of all manufactured goods, and it plays a critical role in moving away fro...

A Major Boost of 92% in the Expenditure of a Chemical Industry

The spending of a chemical industry had a major boost of nearly 92% by a major lobbying arm for the industry. This boost occurred at the end of the previous year and was recorded in comparison with the data collected at the end of the year 2020, as legislation on raising taxes on 42 chemicals was...

BOARD OF INDIA GLYCOLS APPROVES TRANSFER OF BIOEO BIZ

HIGHLIGHTS

• Board of India Glycols has approved the transfer of BioEO biz to IGL Green Chemicals.
• Now Clariant as majority partner in IGL Green Chemicals.

The Board of India Glycols approved the execution of the business transfer agre...

EUROPE: THE PRODUCERS OF PETROCHEMICALS ARE ANTICIPATING ON A BETTER OPERATING ENVIRONMENT

Highlights:

• The Petrochemical producers in Europe are anticipating for a better operating environment
• More fundamental shifts in the patterns of the demand will be becoming apparent over the time

The virtual European Petrochemical As...

GERMANY CONSIDERS SUBSIDIES FOR STEEL AND CHEMICAL SECTORS

HIGHLIGHTS

• Germany wants approval from EU to support the chemical industry and steel industry in its country.
• German government is considering providing subsidies to these industries.
• Economy minister presented a plan to support the growth ...

Regulatory Cooperation On Chemicals Proposed By Cefic And JCIA

After a mutual understanding, Cefic and the Japan Chemical Industry Association (JCIA) have drafted a set of priorities for regulators that are needed to be considered for future cooperation on chemicals regulations.

This new initiative follows the EU-Japan Economic Partnership Agreemen...

IOT TO ENHANCE GROWTH IN THE CHEMICAL SECTOR

HIGHLIGHTS:

• IOT will be the future of the Chemical industry
• Specialty chemicals will be more in demand

IOT or the Internet of Things is all about connecting every smart device for the better. In the context of this write up, it is mo...

THE INDIAN CHEMICAL INDUSTRY MIGHT GAIN FROM CORONA VIRUS’S RAPID SPREAD

Highlights:

• Indian Chemical market hopeful of a boost if the Corona Virus hits China’s chemical manufacturing
• Six Indian companies have in the recent years beaten the market by optimizing on China’s chemical industry shut down.

WOULD CHEMICAL INC.& AIR PRODUCTS COME UP TO YOUR DESIRES

Highlights:

• Chemicals Inc. and Air Products are now on the verge of their business
• Road figure for the quarter finishing Dec 2019 is $2.08.

The stock market is one kind of market. Here the price of shares rises and f...

Blast at Industrias Químicas del Óxido de Etileno in Spain

A powerful blast in a petro-chemical plant in Tarragona,Spain has left one dead and eight people with serious injuries. The balst occurred at Industrias Químicas del Óxido de Etileno at around 17:40 GMT. The site of the blast is identified as La Canonja municipality in the northeast...

Chemical industry Gasification to be Eco-friendly

Engineers from Rice University have successfully invented a light-powered nanoparticle, which can lower the carbon footprints emitted by the chemical industry. They have devised a way to make the chemical industry go green by making the gasification process sustainable on non-fossil-fuel power.