Latest news and articles about petrochemical industry from NEX English
Lotte Chemical Indonesia has committed to securing raw material supplies for local industries amid geopolitical tensions affecting global supply chains. This announcement comes at a time of significant challenges in securing essential materials worldwide.
Andri Rosiade, Vice Chairman of the Industry Committee in the Indonesian Parliament, emphasized the importance of developing a local petrochemical industry to address rising plastic prices. This statement was made in Padang, highlighting the impact of Middle Eastern conflicts on imported raw material costs.
Multiple fires broke out at the Borouge factory in Abu Dhabi, leading to an immediate suspension of operations. The incident occurred following unspecified protests, raising concerns about the safety of industrial facilities in the region.