Page 162 - CW E-Magazine (17-12-2024)

News from Abroad

TRADING TROUBLES
Indonesia launches anti-dumping investigation on

homo-PP imports from eight countries

The Indonesian Anti-Dumping 814,552 tonne of homo-PP
Committee (KADI) has launched in the first half of 2024, with
an investigation into alleged anti- domestic production covering
dumping practices involving poly- only 40% of demand. Imports
propylene homopolymer (homo-PP) accounted for the remaining
imports under HS code 3902.10.40 60%, with the accused countries
from eight countries – Saudi Arabia, ranking among Indonesia’s top
the Philippines, South Korea, Malaysia, 10 suppliers.
China, Singapore, Thailand, and
Vietnam. In a parallel move, Indonesia
has also begun investigating
The investigation stems from a peti- direct link to financial losses in the local anti-dumping allegations on PP block
tion filed by PT Chandra Asri Pacific PP industry. Interestingly, Indonesia’s copolymer and LLDPE imports,
Tbk, claiming that dumping from these other major PP producers, Pertamina prompted by a similar petition from
countries have inflicted significant and Polytama, have chosen not to join PT Chandra Asri Pacific Tbk. Earlier
harm on Indonesia’s domestic market. the petition. this year, the government faced strong
Preliminary data submitted to KADI resistance when it proposed import
suggest evidence of dumping and a Indonesia consumed approximately quotas on key petrochemical products.

PETROCHEMICALS
BASF’s HDPE plant achieves construction milestones

at Zhanjiang Verbund site

BASF has launched Easiplas, a new The HDPE plant at
brand of High-Density Polyethylene the Zhanjiang Verbund
(HDPE), alongside reaching significant site, which started con-
construction milestones at the HDPE struction in 2023 with
plant at the Zhanjiang Verbund site. a capacity of 500-ktpa,
is planned to come on
This new brand is set to produce stream by the end of
high-quality plastics that are not only 2025.
easy to process and user-friendly but
also supported by technical services The Zhanjiang
with a team of experts from the industry. Verbund site will be
“By incorporating the latest techno- BASF’s largest in-
logies and renewable energy sources vestment to date with
in production, Easiplas highlights has recently achieved key construction around €10-bn upon
BASF’s commitment to sustainability, milestones, including the successful completion. It will be operated under
creating a wider range of solutions with lifting and installation of a reactor the sole responsibility of BASF and
lower carbon footprints for customers,” and product purge bin. These accomp- will be the company’s third-largest
the company said in a statement. lishments mark substantial progress Verbund site worldwide, following
toward the mechanical completion of Ludwigshafen, Germany, and Antwerp,
The new HDPE plant at Zhanjiang the plant. Belgium.

162 Chemical Weekly December 17, 2024

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