Synthetic & Bio-based Adipic Acid Market, By Application (Nylon 6,6 Fiber, Nylon 6,6 Resin, Polyurethanes, Adipate Esters, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jul 2023

Code : CMI4033

Pages :120

Formats :

Excel and PDF

Industry : Polymers and Resins

Market News

Global Synthetic & Bio-based Adipic Acid Market - Key Developments

In 2022, INVISTA (China) Investment Co., Ltd. and China Pingmei Shenma Group, held a ceremony to commemorate the signing of a suite of agreements that establish a strategic relationship creating multiple opportunities for synergies. Agreements were reached for the five-year purchase and sale of adiponitrile (ADN) and adipic acid (AA), and for the license of key technologies.
In January 2020, BASF SE announced the acquisition of Solvay's polyamide business in order to expand BASF's polyamide capabilities with innovative and well-known products such as Technyl. This acquisition has also enabled BASF to provide its customers with even better engineering plastics solutions, such as autonomous driving and e-mobility.
In 2023, CPGC and BASF accelerate onboard CO2 capture system development
CSSC Power (Group) Co., Ltd. (CPGC) and BASF have formed a solid cooperation to expedite the progress of onboard carbon capture (CO2 capture) systems for commercial maritime applications. CPGC has always been committed to providing green, low-carbon solutions for the shipping industry.