Surge in Global Chemical Output during August

Surge in Global Chemical Output during August

American Chemistry Council: Global chemical production prolongs its economic growth within August, seeing an upsurge in production amid the impact of the devastating Hurricane Harvey, according to the latest monthly report from the American Chemistry Council (ACC). However, the pace of growth eased in the reported month on a monthly comparison basis due to disruptions from Harvey.Growth Moderates in August. Read More


By sustainable brands: In spite of making progress on climate risks, the chemical industry is still failing to accomplish the goals outlined by the Paris Agreement, says a new report by CDP. Catalyst for Change analyses 22 of the biggest global chemical companies with a aggregate market capitalization of $650 billion and culpable for a quarter of all emissions of the sector at 276 million metric tons of CO2 emissions per year, including AkzoNobel, DuPont, BASF and The Dow Chemical Company. Read More


PhosAgro and the Saudi Arabian Mining Company (Ma’aden) have signed a landmark memorandum of understanding (MoU) that will provide new motivation to the development of the global phosphate-based fertiliser industry. The agreement aims to contribute to the sustainable development of the companies, as well as to domestic and global food security by helping to secure the uninterrupted supply of safe and high-quality fertilisers to agricultural producers around the world.  Read More
Sibur, Russian Direct Investment Fund (RDIF) and Saudi Aramco have signed a memorandum of understanding (MoU) on possible cooperation and investment activities in Russia and Saudi Arabia.  According to the memo, the companies will estimate the potential of the petrochemical markets in Russia and Saudi Arabia and explore opportunities for future cooperation. “Partnership with one of the largest petrochemical companies in Saudi Arabia will enable Sibur to build up competencies, reach out to new sales markets and explore the promising Middle East market, a relatively new target for the company.  Read More