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A map of Ust-Luga, Russia. DL E&C has won a contract to participate in a project to build a mega-scale gas chemical plant in Russia, defeating advanced European competitors.  (Business Wire)
Russia: Plant Design

South Korea’s DL E&C Wins 1.3-Billion Dollar Contract for Russia’s Largest Gas and Chemicals Complex

South Korean engineering and construction company DL E&C has secured a contract for designing the plants of the mega-scale Russian Baltic Complex Project and will also procure equipment for the same. The plants which are a part of the complex will be capable of producing 3 million tons of polyethylene, 120,000 tons of butane, and 50,000 tons of hexane every year.

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The chemical-pharmaceutical industry achieved a strong balance sheet in 2021 despite the corona pandemic and delivery bottlenecks.  (© Avatar_023 - stock.adobe.com)
Germany: VCI Annual Report

German Chemical Pharmaceutical Industry Increases Production by 4.5 % in 2021

The German chemical industry association 'Verband der Chemischen Industrie e.V.' (VCI) has reported that production in the German chemical pharmaceutical industry rose by 4.5 % compared to the previous year, and turnover increased by 15.5 % to approximately 247 billion dollars (220 billion euros) due to the significant increase in producer prices (+ 8.5 %). The VCI also predicts that production is expected to increase by 2 % and the turnover by 5 % to 260 billion dollars (231 billion euros) in 2022.

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