Yonhap Infomax NewsJan 16
South Korea's government and chemical industry have pledged to accelerate business restructuring in 2026, aiming for concrete results and enhanced competitiveness, with new support measures for SMEs and regional economies amid ongoing global oversupply challenges.
#YonhapInfomax #ChemicalIndustry #BusinessRestructuring #MinistryOfTradeIndustryAndEnergy #Petrochemical #SMEsSupport #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=100229
Government and Chemical Industry Vow to Deliver Results on Business Restructuring—Chemical Industry New Year Gathering

South Korea's government and chemical industry have pledged to accelerate business restructuring in 2026, aiming for concrete results and enhanced competitiveness, with new support measures for SMEs and regional economies amid ongoing global oversupply challenges.

Yonhap Infomax
Yonhap Infomax NewsJan 8
S-OIL CEO Anwar Al Hejazi announced the company will focus all resources on completing the Shaheen Project, a major petrochemical facility in Ulsan, targeting mechanical completion by June and positioning it as a key growth driver for 2026.
#YonhapInfomax #SOIL #ShaheenProject #Petrochemical #Ulsan #2026Completion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98961
Yonhap Infomax NewsDec 29
South Korean petrochemical companies have submitted restructuring plans, easing immediate credit downgrade risks, though continued monitoring is needed amid persistent industry weakness.
#YonhapInfomax #Petrochemical #Restructuring #CreditRating #NHInvestmentSecurities #LotteChemical #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=97480
Petrochemical Firms Submit Restructuring Plans—Credit Rating Downgrade Pressure Eases

South Korean petrochemical companies have submitted restructuring plans, easing immediate credit downgrade risks, though continued monitoring is needed amid persistent industry weakness.

Yonhap Infomax
Show threadMr Lawrence 🇪🇺🇷🇼Dec 27
There’s probably a lesson in this - don’t rely for your electric power on someone whose employer has a vested interest in you not using electric power. #EV #petrochemical
Steve Dustcircle 🌹Dec 22

#Texas Keeps Greenlighting #Pollution. Guess Who Lives Nearby;
A new report finds most proposed #petrochemical projects target #Black and #Brown #Texans already overburdened by pollution.

https://wordinblack.com/2025/12/texas-keeps-greenlighting-pollution-guess-who-lives-nearby/

Texas Keeps Greenlighting Pollution. Guess Who Lives Nearby

Race remains the strongest predictor of where petrochemical plants get built.

Word In Black
Yonhap Infomax NewsDec 22
Sixteen major South Korean petrochemical firms have submitted restructuring plans ahead of deadline, enabling government-backed sector overhaul and support measures.
#YonhapInfomax #Petrochemical #Restructuring #LGChem #SupportPackage #FacilityReduction #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=96639
16 Petrochemical Firms Submit Restructuring Plans—Industry Minister Says 'First Step Successfully Taken'

Sixteen major South Korean petrochemical firms have submitted restructuring plans ahead of deadline, enabling government-backed sector overhaul and support measures.

Yonhap Infomax
Yonhap Infomax NewsDec 19
South Korea’s major petrochemical complexes in Yeosu and Ulsan have submitted restructuring plans, advancing government-led efforts to reduce naphtha cracking center (NCC) capacity by up to 3.7 million tons, with LG Chem and GS Caltex forming a JV and further industry consolidation underway.
#YonhapInfomax #Petrochemical #LGChem #NCCReduction #Restructuring #GSCaltex #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=96425
Petrochemical NCC Reduction Targets Within Reach as Yeosu and Ulsan Industrial Complexes Submit Restructuring Plans

South Korea’s major petrochemical complexes in Yeosu and Ulsan have submitted restructuring plans, advancing government-led efforts to reduce naphtha cracking center (NCC) capacity by up to 3.7 million tons, with LG Chem and GS Caltex forming a JV and further industry consolidation underway.

Yonhap Infomax
Yonhap Infomax NewsDec 8
Lotte Corp. faces 800 billion won ($610 million) in bond and CP maturities by end-January, relying on short-term debt rollovers amid ongoing challenges in its petrochemical and retail units.
#YonhapInfomax
#LotteCorp #BondMaturities #CommercialPaper #Petrochemical #ShortTermDebt
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94382
EOD Issue Subsides but Funding Approach Unchanged—How Lotte Corp. Plans to Address 800 Billion Won in Maturities

Lotte Corp. faces 800 billion won ($610 million) in bond and CP maturities by end-January, relying on short-term debt rollovers amid ongoing challenges in its petrochemical and retail units.

Yonhap Infomax
11SprongingProngs11Dec 2

Plastic injection replaced sustaonable means and is grown unaffordable.

The experts and tools have been decimated by neglect.

My grandparents sold the business and it's manufacturing tools.
My uncles sold the union.

Of course I have nothing left but memes.

#uspol #economy
#plastic #petrochemical #microplastic #monocrophell #hoarding

#basketweaving #machining #carpentry #fiberfarming #wool #hempyarn #rushes #compost #animalhusbandry #hempplastic #forestgarden #everyperson #cooperative

Show threadDoomsdaysCWNov 19

#Wikipedia - #UnitedStates
See also: #Superfund

"Perhaps the best-known sacrifice zone in the United States is '#CancerAlley' in #Louisiana, an 85-mile stretch of land along the #MississippiRiver containing over 200 #petrochemical plants. Serious air and water quality violations have been documented since the 1970s, and elevated #cancer risk has been found. The region's population is disproportionately #Black and #LowIncome.

"Commentators including Chris Hedges, Joe Sacco, Robert Bullard and Stephen Lerner have argued that #corporate business practices contribute to producing #SacrificeZones and that these zones most commonly exist in low-income and minority, usually #AfricanAmerican communities. Sacrifice zones are a central topic for the graphic novel #DaysOfDestructionDaysOfRevolt, written by Hedges and illustrated by Sacco.

"In 2012, Hedges stated that examples of sacrifice zones included #PineRidge, South Dakota and #CamdenNJ. In 2017 a #WestCalumet public housing project in East Chicago, Indiana built at the former site of a lead smelter needed to be demolished and soil replaced to bring the area up to residential standards, displacing 1000 residents. In 2014, Naomi Klein wrote that 'running an economy on energy sources that release poisons as an unavoidable part of their extraction and refining has always required sacrifice zones."

Related link:
The Spread of Sacrifice Zones
By David Swanson, June, 2012
https://cdn.countercurrents.org/swanson090612.htm

#BigOil #BigOilAndGas #SacrificeZones #SEZs #HumanRights #HumanRightsFreeZone #Pollution #EnvironmentalDegradation #EnvironmentalRacism #EconomicSacrificZones #WaterIsLife #Industries #IndustrialUse #PollutionSacrificeZones
#GlobalSacrificeZones #CorporateColonialism

The Spread of Sacrifice Zones By David Swanson