Acrylonitrile

China Bluechem's Profit Achieves Record High in 2023, Up 45.0% Year-on-Yearly to RMB 2.382 Billion

Retrieved on: 
Sunday, March 24, 2024
Methanol, Farmer, Growth, RMB, ESG, Research, Sale, Carbon, CO2, ABS, Pollution, Fertilizer, Acrylonitrile, Chemical industry, Urea, DAP

Net profit attributable to owners of the Company grew 45.0% year-on-yearly to RMB 2.382 billion, which was the best performance since the establishment of the Company.

Key Points: 
  • Net profit attributable to owners of the Company grew 45.0% year-on-yearly to RMB 2.382 billion, which was the best performance since the establishment of the Company.
  • The Board has recommended the payment of a final dividend of RMB0.207 per share (tax inclusive) for 2023, hitting record high and representing a payout ratio of 40%.
  • As a result, China BlueChem's brand value has been enhancing continuously and reached RMB5.404 billion in 2023, up by RMB1.433 billion as compared with the previous year, which was a record-high increment.
  • Furthermore, the Company will intensify research on the resource utilization of carbon-rich natural gas and CO2 to champion carbon reduction.

Global Acrylics Industry Report 2023: China, India, Southeast Asia, and Latin America to Experience Significant Growth to 2030 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, December 19, 2023
Chemicals, Plastics, Manufacturing, Elastomer, PMMA, Growth, Acrylonitrile, Transport, Polymer, Acrylate, Paper, Resin, Cosmetics, Textile, Acrylamide, Adhesive, Detergent

These products are adopted across multiple industries such as transportation, consumer goods, industrial, medical, and paper and packaging.

Key Points: 
  • These products are adopted across multiple industries such as transportation, consumer goods, industrial, medical, and paper and packaging.
  • The growth of these end-use industries is expected to drive the global acrylic monomers and resins market from 2023 to 2029.
  • The study focuses on seven major acrylic monomer types: acrylic acid, acrylonitrile, ethyl acrylate, butyl acrylate, methyl methacrylate, acrylamide, and 2-ethylhexyl acrylate.
  • China, India, Southeast Asia, and Latin America are expected to experience significant growth in the next seven years due to fast-growing end-use industries supporting acrylic resin consumption.

China BlueChem Achieves Record-High Interim Profit, 2023 1H Profit increases by 83% to RMB 1.715 billion

Retrieved on: 
Monday, August 21, 2023
Acrylonitrile, China BlueChemical, Urea, Marketing, Methanol, HSE, Sale, Chemical industry, Risk, ESG, RMB, Renewable energy, Fertilizer

In the first half of the year, the Company's revenue decreased by 16.2% to RMB 6.176 billion.

Key Points: 
  • In the first half of the year, the Company's revenue decreased by 16.2% to RMB 6.176 billion.
  • Net profit attributable to shareholders of the Company significantly increased by 83% to RMB 1.715 billion, marking the record-high mid-year profit in the company's history.
  • Mr. HOU Xiaofeng, CEO and President of China BlueChem said, "The Company has consistently implemented its green and low-carbon development strategy.
  • This significantly drove the company's profit to grow 83% to RMB 1.715 billion, marking the highest mid-year profit in the company's history.

LSB Industries, Inc. Reports Operating Results for the 2023 Second Quarter

Retrieved on: 
Wednesday, July 26, 2023
Manufacturing, Professional Services, Other Natural Resources, Mining, Minerals, Environmental, Social and Governance (ESG), Other Energy, Natural Resources, Other Manufacturing, Alternative Energy, Energy, Chemicals, Plastics, Dorado, Acrylonitrile, Maintenance, Capital expenditure, Senior, Metal, Share repurchase, Fertilizer, Farmer, Quality of life, Carbon, LSB, Nitric acid, Interest, Public expenditure, ET, Investment, Ammonia, Natural gas, Caprolactam, Cryptocurrency, LNG

The decrease in total long-term debt is attributable to the second quarter repurchase of $125 million in principal amount of our Senior Secured Notes for approximately $114 million.

Key Points: 
  • The decrease in total long-term debt is attributable to the second quarter repurchase of $125 million in principal amount of our Senior Secured Notes for approximately $114 million.
  • Interest expense for the second quarter of 2023 was $12 million compared to $12 million in the second quarter of 2022.
  • Capital expenditures were approximately $14 million for the second quarter of 2023.
  • LSB’s management will host a conference call covering the second quarter results on Thursday, July 27, 2023 at 10:00 am ET / 9:00 am CT to discuss these results and recent corporate developments.

Global ABS (Acrylonitrile Butadiene Styrene) Market Analysis/Forecasts, 2018-2021 & 2022-2028: Competitive Developments, Strategies, Mergers and Acquisitions and New Product Developments - ResearchAndMarkets.com

Retrieved on: 
Monday, December 19, 2022
Chemicals, Plastics, Manufacturing, USD, COVID-19, ABS, Engineering, Automotive industry, MEA, Extrusion, Health, Process, Construction, Acrylonitrile, Electronics, Car, Petrochemical, Thermoplastic, Application

Global ABS (Acrylonitrile Butadiene Styrene) market is estimated to be valued at USD 28.36 billion in the year 2022 with Asia Pacific leading the regional market share.

Key Points: 
  • Global ABS (Acrylonitrile Butadiene Styrene) market is estimated to be valued at USD 28.36 billion in the year 2022 with Asia Pacific leading the regional market share.
  • Acrylonitrile Butadiene Styrene (ABS) is an ideal material wherever superlative surface quality, colourfastness and luster are required.
  • Because of its exceptional physical and mechanical qualities, the engineering thermoplastic Acrylonitrile Butadiene Styrene (ABS) is widely used in many structural applications.
  • The report analyses the Global ABS Market by Application (Automotive, Electricals and Electronic Appliances, Building and Construction, Health and Safety Products, Others).

Trillium Announces Close of Series A Financing, Raising $10.6 Million

Retrieved on: 
Tuesday, December 6, 2022
Inorganic polymer, Acrylonitrile, Carbon, Textile, Heart, Hyosung, HELM, TRC, Partnership, Renewable energy, Trillium

KNOXVILLE, Tenn., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Trillium Renewable Chemicals ( www.trilliumchemicals.com ) announced today it has raised a $10.6M Series A financing round.

Key Points: 
  • KNOXVILLE, Tenn., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Trillium Renewable Chemicals ( www.trilliumchemicals.com ) announced today it has raised a $10.6M Series A financing round.
  • HELM AG has agreed to join the Series A round to bring the total to $10.6M.
  • Following a successful pilot program, the funding advances Trillium to the next phase of commercialization – the construction and operation of a market demonstration unit.
  • Our engagement in Trillium marks another milestone in delivering tangible actions via our sustainability strategy.

 Asahi Kasei Acquires ISCC PLUS Certification for Several Products

Retrieved on: 
Tuesday, November 15, 2022
Other Manufacturing, Textiles, Automotive, Engineering, Chemicals, Plastics, Automotive Manufacturing, General Automotive, Manufacturing, Carbon, Mobile industrial robots, Certification, International Sustainability Alliance, Acrylonitrile, ISCC, Engineering, Institute for Environmental Solutions, Life, Ammonia, Plastic, Health care, Trailblazer, Mobility, Thermoplastic, Renewable energy, Tissue paper, EU

1 ISCC (International Sustainability and Carbon Certification) is an international certification system that offers solutions for the implementation and certification of waste and residue raw materials, non-bio renewables and recycled carbon materials and fuels.

Key Points: 
  • 1 ISCC (International Sustainability and Carbon Certification) is an international certification system that offers solutions for the implementation and certification of waste and residue raw materials, non-bio renewables and recycled carbon materials and fuels.
  • ISCC PLUS is a certification system that covers mainly bio-based carbon materials which are produced outside of the EU and supplied globally, and to manage and ensure sustainable raw materials in the supply chain.
  • 3 Following the previous certification by Tongsuh Petrochemical Corp., Ltd., the Mizushima Works acquired ISCC PLUS certification for AN.
  • Press release: Asahi Kasei to produce acrylonitrile using biomass-derived raw material
    The Asahi Kasei Group contributes to life and living for people around the world.

Ascend focuses on reducing product carbon footprint

Retrieved on: 
Thursday, October 6, 2022
Carbon, Ascend, GHG, Achievement, Technology, Advance Together, Certification, EVS, PA66, Industry, CEO, Acrylonitrile, Renewable energy

HOUSTON, Oct. 6, 2022 /PRNewswire/ -- Ascend Performance Materials announced today two efforts to reduce the carbon footprint of its products.

Key Points: 
  • HOUSTON, Oct. 6, 2022 /PRNewswire/ -- Ascend Performance Materials announced today two efforts to reduce the carbon footprint of its products.
  • Carbon neutrality for the sites' scope 1 and 2 emissions was accomplished through a mix of process improvements, and renewable energy and carbon offsets.
  • "Reducing our carbon footprint is a major part of our sustainability effort," said Chris Johnson, Ascend's director of sustainability.
  • Ascend, a fully integrated producer of durable materials, has committed to an 80% reduction of its GHG emissions by 2030.

Ascend focuses on reducing product carbon footprint

Retrieved on: 
Thursday, October 6, 2022
Carbon, Ascend, GHG, Achievement, Multimedia, Technology, Advance Together, Certification, EVS, PA66, Industry, CEO, Acrylonitrile, Renewable energy

HOUSTON, Oct. 6, 2022 /PRNewswire/ -- Ascend Performance Materials announced today two efforts to reduce the carbon footprint of its products.

Key Points: 
  • HOUSTON, Oct. 6, 2022 /PRNewswire/ -- Ascend Performance Materials announced today two efforts to reduce the carbon footprint of its products.
  • Carbon neutrality for the sites' scope 1 and 2 emissions was accomplished through a mix of process improvements, and renewable energy and carbon offsets.
  • "Reducing our carbon footprint is a major part of our sustainability effort," said Chris Johnson, Ascend's director of sustainability.
  • Ascend, a fully integrated producer of durable materials, has committed to an 80% reduction of its GHG emissions by 2030.

Neste, Idemitsu Kosan, CHIMEI Corporation and Mitsubishi Corporation join forces to create a renewable plastics supply chain

Retrieved on: 
Monday, October 3, 2022
Acrylonitrile, Polymer, Industry, Styrene, ABS, Plastic, Biomass, Partnership, SM, Rigidity, GHG, Electronics, Mitsubishi Corporation, Thermoplastic, Neste

TOKYO, Oct 3, 2022 - (JCN Newswire) - Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation have agreed to build a renewable plastics supply chain utilizing bio-based hydrocarbons (Neste RE) for the production of styrene monomer (i.e.

Key Points: 
  • TOKYO, Oct 3, 2022 - (JCN Newswire) - Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation have agreed to build a renewable plastics supply chain utilizing bio-based hydrocarbons (Neste RE) for the production of styrene monomer (i.e.
  • bio-SM), and its mass balanced renewable plastics derivatives including acrylonitrile butadiene styrene (i.e.
  • Idemitsu Kosan will then produce bio-SM based on the mass balance method and supply it to CHIMEI, the biggest ABS manufacturer in the world for its renewable plastics production.
  • Mitsubishi Corporation will be coordinating the collaboration between the value chain partners and develop renewable product's market.