Mitsubishi Chemical has in May begun offering samples of the Durabio plant-derived bioengineering plastics D93 Series, a new grade of Durabio with a higher degree of biomass plasticity. Durabio is a bio-based engineering plastic made from isosorbide, a renewable plant-derived raw material that reduces the consumption of petroleum, a depletable resource, and also contributes to the reduction of greenhouse gases...
Sumitomo Chemical will withdraw from the production of solution-polymerized styrene-butadiene rubber (S-SBR) in Singapore by the middle of 2024 as part of the company’s restructuring process. The S-SBR plant in Singapore started commercial production in 2014. Its production capacity is 40,000 tons per year. Although the company will withdraw from S-SBR production in Singapore, it will continue production at its...
Asahi Kasei reported net sales of 2.72 trillion yen ($19.69 billion), up 10.8% from the previous fiscal year, operating income of 128.352 billion yen, down 36.7%, ordinary income of 121.53 billion yen, down 42.7%, and a net loss of 91.31 billion yen (compared to 161.88 billion yen profit). Sales reached a record high. The environmental solutions business, which includes synthetic...
Shin-Etsu Polymer reported a 16.9% year-on-year increase in net sales to 108.28 billion yen ($781.54 million), 31.0% increase in operating income to 12.74 billion yen, 28.2% increase in ordinary income to 12.98 billion yen, and a 35.2% increase in net income to 8.52 billion yen for the year ended March 31, 2023. “In the previous fiscal year, silicone wafer production...
Tokai Carbon’s first quarter results for fiscal 2023 saw net sales of 86.53 billion yen ($636.37 million), up 24.5% year-on-year; operating income of 11.49 billion yen, up 44.8%; ordinary income of 11.8 billion yen, up 40.4%; and net income of 7.96 billion yen, up 96.9%. By segment, the carbon black business posted sales of 37.46 billion yen, up 27.1%, and...
Lanxess’ Rhein Chemie business unit, which is widely involved in rubber additives such as pre-dispersed rubber chemicals, rubber processing aids, antioxidants and anti-aging agents, has achieved a significant reduction of CO2 emissions at its Kallo plant in Belgium, where vulcanization accelerators are manufactured. From 2022, CO2 emissions in the generation of steam used for production have been significantly reduced. This...
