Materials
Officials with M. Holland said that the partnership with Febo extends their firm's commercial reach in Europe. It is M. Holland's second European distribution partnership and its first since 2020.
Lower natural gas prices are allowing production of some plastics and related feedstocks in the European market to return to normal, although production of some of those products is still being limited.
In April, recycled standard thermoplastic prices continued to drift lower, although at a slower rate than in the previous month.
Orion Performance Compounds Inc. is on track to have three compounding lines up and running by the end of June.
Invista currently makes more than 100 grades of PP resin. The firm acquired the PP and propylene units in early 2022 from Flint Hills Resources.
The development work made possible by the expansion will have "a strong focus" on sustainable product offerings, but also "will remain true" to Primex's core product offerings, officials said.
North American polypropylene resin prices declined in May as a result of weaker demand and lower feedstock costs.
Polyolefin and PVC prices have been under continued downward pressure over the last two months because of lower feedstock costs, ongoing demand weakness and a growing supply surplus.
The agreement between Covestro and Danish clean energy leader Orsted A/S will supply 90 megawatts of power to Covestro's production site in Baytown, Texas.
This round of the United Nation's global plastics treaty negotiations concluded with plans to create a draft of the treaty but questions and hurdles remain.
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