Paint & Coating News

China’s producer price index (PPI) snapped an eight-month losing streak in August 2025, with month-on-month growth holding flat after July’s –0.2%。

ExxonMobil is reportedly weighing the sale of several petrochemical plants in the UK and Belgium, with potential valuations reaching $1 billion, according to people familiar with the matter.

China, Russia, and Mongolia signed a legally binding memorandum for the long-discussed Power of Siberia 2 pipeline, a transnational project that would allow Russia to pump 50 billion cubic meters (bcm) of natural gas annually to China via Mongolia under a

Nowhere is the pressure greater than in the beauty and personal care sector, where everything—from bottles to leak-proof dispensers—relies heavily on plastics.

Global refining is undergoing a structural transformation, shaped by shifting regional demand, rising sustainability pressures, and mounting concerns over energy security.

South Korea, the world’s largest importer of naphtha, is preparing for a sweeping restructuring of its petrochemical industry amid a crushing supply glut.

BP has officially launched work on its $25 billion redevelopment deal in Iraq’s northern Kirkuk province, sending engineers to begin assessments on four strategic oilfields.

The clean hydrogen boom is losing steam. In recent months, developers worldwide have scrapped or delayed dozens of low-carbon hydrogen projects, citing weak demand, soaring costs, and corporate strategy shifts.

On September 3, LG Chem and GS Caltex announced they are in discussions to integrate their steam cracker operations in Yeosu, South Korea.

The European Chemical Industry Council (Cefic) has slashed its 2025 production outlook, warning that chemical output across the continent will fall this year, after previously forecasting 0.5% growth.

Europe’s petrochemical sector is undergoing an unprecedented wave of olefins capacity cuts, as producers facing sustained downturns and bleak short-term outlooks finally take drastic action.

U.S. oil major ConocoPhillips confirmed on September 3 that it will lay off as much as 25% of its global workforce, a move that could affect more than 3,000 employees worldwide.

Europe’s plastic recycling industry is facing an existential crisis, with bankruptcies spreading across the sector and production capacity falling at alarming speed, according to the Plastics Recyclers Europe (PRE).

Industry sentiment toward the global butadiene market for the final four months of 2025 is decidedly bearish, with rising supply from refinery restarts and new capacity overshadowing fragile demand recovery.

South Korea’s petrochemical sector suffered a sharp setback in August, even as semiconductors and automobiles hit record highs.

Shell has scrapped plans to build an 820,000 tonnes-per-year biofuels complex in Rotterdam, citing rising costs and weak market conditions.

Bangladesh’s interim government is negotiating a memorandum of understanding (MOU) with Saudi Aramco to expand cooperation in the energy sector, including imports of liquefied natural gas (LNG), according to officials on August 28.

Denmark is accelerating its biomethane ambitions, with grid operator Energinet announcing plans to increase the country’s annual production by 25% within the next two years, up from the current level of around 8 TWh.

Evonik has officially inaugurated its new alkoxylates production facility on Jurong Island, Singapore, with a capacity of 100,000 tonnes per year.

The U.S. Environmental Protection Agency (EPA) has approved the bulk of long-pending waiver requests from small oil refineries under the federal biofuels mandate, a move that has triggered alarm within the ethanol and biodiesel industries over potential d