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Subject to approval by Dow’s board of directors and various regulatory agencies, the investment would decarbonize approximately 20% of Dow’s global ethylene capacity while growing polyethylene supply by about 15%.
Dow recently announced its plan to build what it calls the world’s first net-zero carbon emissions integrated ethylene cracker and derivatives site, with respect to scope 1 and 2 carbon dioxide emissions.
Total Cray Valley recently announced that it has expanded its hydroxyl-terminated diene resin portfolio with the industrial introduction of sustainably sourced farnesene-based resins, Krasol® F3000 and F3100.
Not surprisingly, the global economic recovery is continuing more quickly in regions where COVID-19 is under control and vaccinations have been widely rolled out. After an estimated contraction of 3.3% in 2020, the global economy is projected to grow at 6% in 2021, moderating to 4.4% in 2022, according to the International Monetary Fund (IMF).
Safe and produced from an annually renewable feedstock, isosorbide has a combination of properties that offers excellent potential for a range of CASE applications.
Better resistance to UV, abrasion, scratching, and impact. Better adhesion and improved properties for water-based formulation. The demands on today’s coatings, adhesives, sealants, and elastomers (CASE) create a long list of desirable properties for feedstocks.
Lux Research identifies and ranks 12 key technologies that will reshape the world and ranks the top five technologies for the chemicals and materials industry.
Trends like sustainability and digitalization are going to dramatically change the chemicals and materials industry over the next 20 years, according to a report from Lux Research.
Strict environmental regulations, coupled with rising awareness regarding eco-friendly coatings and better alternatives to traditional products, are expected to propel market growth.
The global paints and coatings market was estimated to be valued at more than $140 billion in terms of revenue in 2019 and is predicted to grow at a CAGR of 5.4% from 2020-2027.
As a vital industrial link between a turbulent oil and gas market and changing consumer needs, the chemical industry has been tested by the COVID-19 pandemic.
As market conditions evolve, ExxonMobil will continue evaluating the impacts of decreased demand on its 2020 production levels, as well as longer-term production impacts.
ExxonMobil recently announced it is reducing its 2020 capital spending by 30% and lowering cash operating expenses by 15% in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.
The company is closely monitoring the COVID-19 pandemic and has adjusted work arrangements to ensure a healthy work environment and support communities where it operates.
ExxonMobil’s long-term growth plans are reportedly rooted in the company’s efforts to meet the world’s increasing demand for reliable and affordable energy while reducing emissions and risks associated with climate change.
ExxonMobil recently announced that it continues to make progress on the its long-term growth plans by investing through the commodity price cycle to capture high-value opportunities and grow earnings and cash flow potential.
