- In January 2023, BASF SE revealed its plan to expand its isocyanate production capacity. The final phase of the expansion project involves a total investment of USD 780 million, aiming to increase production capacity to approximately 60,000 metric tons per year
- In February 2022, Westlake completed the $1.2 billion acquisition of Hexion’s global epoxy business, which includes epoxy specialty resins, base epoxy resins, and intermediates product lines
- In February 2022, Hexion finalized the sale of its epoxy-based coatings and composites businesses, including epoxy specialty resins, base epoxy resins, and intermediates product lines, to Westlake Chemical Corporation for approximately USD 1.2 billion
- In December 2021, Allnex became a part of PTT Global Chemical Public Company Limited (GC) after PTT Global acquired it from Advent for EUR 4 billion (~USD 4.25 billion)
- In May 2021, Wanhua Chemical announced that its subsidiary, Wanhua Chemical (Ningbo) Co., Ltd., plans to implement an MDI/HDI technical transformation and capacity expansion project at its existing facility. Additionally, the company intends to construct a new 280,000-ton/year modified MDI production unit, bringing the total modified MDI production capacity to 300,000 tons/year
