Covestro doubles down on MDI: 660 kt Shanghai train plus a UAE feasibility study with TA'ZIZ – Global Corporate News Digest, 6 Jul 2026

Polyolefins and polymer supply reshuffle

Sumitomo Chemical completes phase one of its polyolefins carve-out into Prime Polymer

The US chemical shutdown wave deepens – polystyrene hardest hit

Polyurethanes and speciality chemicals consolidate

Covestro doubles down on MDI: 660 kt Shanghai train plus a UAE feasibility study with TA'ZIZ

Covestro completes the Vencorex asset acquisition, taking HDI derivatives in Thailand and the US

OCI backs NNS Group's Euro 4.10-a-share cash offer as the Orascom combination advances

Yara buys Gulf Coast Ammonia's Texas City plant for USD 1.3 billion

Ecovyst buys INEOS's ultra-pure SO2 business Calabrian

China reshapes the competitive landscape

China consolidates: Sinochem's 2.11 billion yuan epoxy buyout and a CATL-adjacent VC deal

Tinci scraps a 2.65 billion yuan project and pivots to a 250 kt electrolyte revamp

Bayer stands up Ruveon, a separate US entity for its glyphosate business

Sumitomo Chemical wins US registration for Rapidicil, its new rice herbicide active

Circular plastics and recycling rulebook

Sulzer's PyroCon reactor picked for the Vitol-WPU plastics recycling plant in Rotterdam

Alterra, Technip Energies and Neste launch Nerea to license modular chemical recycling

EU adopts calculation rules for chemically recycled content in PET bottles

PureCycle and Motherson unveil a 30 per cent recycled-PP bumper as EU vehicle mandates land

Future materials and semiconductor build-out

US EPA's UCMR-6 monitors ultrashort-chain PFAS but leaves microplastics out

Air Liquide commits USD 170 million to supply SK hynix's Indiana chip-packaging complex