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Regional PP prices were down an average of 15 cents per pound, according to market sources contacted by Plastics News. That drop was a combination of a decline in price for polymer-grade propylene (PGP) feedstock and buyers reclaiming some margin from PP makers, sources said. One market watcher said U.S. LLC, a JV that will spend $8.5
With fossil fuels being phased out of the commercial vehicle industry over the coming years, hydrogen power is seen as one of the possible new clean energy sources that could take their place. Hydrogen will be sourced from multiple green hydrogen projects across South Wales including Protium’s “Pioneer 2” and other projects.
That drop came from a 1-cent downward move for polymer-grade propylene feedstock and from buyers taking back 3 cents in margin, according to market sources contacted by Plastics News. Construction will begin immediately on the project, with operations expected to begin in 2026. LLC, a JV that will spend $8.5 billion pounds.
For India, the rapidly growing auto market is expected to reach $300 billion by 2026. Overall, there is a bright future for the aftermarket industry, especially in India where it is expected to reach $32 billion by 2026 (InvestIndia 2 ). Sources: [link]. However, proactive customer education continues to be key for us.
Companies that may be concerned about the viability or performance of a supplier should consider seeking licenses or other rights that would enable to obtain vital components from another source if the supplier does not meet its obligations. Coordinate with Customs Brokers & Freight Forwarders.
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