Core Insights - The core viewpoint of the article highlights the financial performance of Solvay in Q2 2025, indicating a mixed performance with a decline in EBITDA year-over-year but an increase quarter-over-quarter [1] Financial Performance - EBITDA reached €335 million, representing an 8% year-over-year decline but an 8% quarter-over-quarter increase [1] - Net sales amounted to €1.59 billion, with the consumer and industrial specialty chemicals segment showing year-over-year growth [1] - Gross profit was €506 million, down 13% year-over-year, with a gross margin of 31.9%, reflecting a 20 basis points increase quarter-over-quarter [1] - EBITDA margin contracted by 110 basis points year-over-year to 21.1%, but improved by 190 basis points quarter-over-quarter [1] - Basic net profit stood at €140 million [1] Management Commentary - The CEO of Solvay, Dr. Ilham Kadri, stated that the company met expectations in a challenging macroeconomic environment and plans to accelerate cost-saving measures in the second half of the year to support long-term profitability growth [1]

Core Insights - The confidence in the U.S. specialty chemicals industry is recovering, with many companies actively responding to challenges by expanding new customer bases, optimizing cost structures, and adjusting capacity layouts [1][2] - Nearly 60% of U.S. specialty chemicals companies expect continued growth in the second half of the year, a significant shift from earlier uncertainty [1] - The proportion of companies expecting contraction has decreased from 40% to 28% as market stability confidence increases [1] Group 1 - 85% of surveyed companies express medium to high confidence in maintaining operations and executing strategies over the next 3-6 months, with 28% feeling very confident [2] - 33% of respondents believe federal policies could act as growth catalysts, particularly in manufacturing return policies and domestic manufacturing support [2] - The primary focus for companies in the second half of the year is acquiring new customers, with 41% prioritizing this over maintaining existing customer relationships [2] Group 2 - The top risk identified is customer order reductions at 33%, with companies enhancing risk response capabilities through flexible forecasting and cash flow planning [3] - Geopolitical uncertainty and raw material cost fluctuations rank second and third in risk concerns at 17% and 15%, respectively [3] - Companies are mitigating risks through regional sourcing, hedging strategies, and supplier diversification [3]

知识宣讲，增强防范意识。鲁家峙油库组织在岗员工开展针对性强化培训，聚焦台风灾害特性、极端天 气下的安全操作规程、险情识别与紧急处置流程等关键内容，确保每一名员工都成为合格的"安全哨 兵"。 实战演练，检验应急反应能力。鲁家峙油库组织开展了多场景、实战化的防台防汛应急演练，有效检验 预案的可行性与队伍协同作战能力，为实战积累了宝贵经验。 中化新网讯 7月28日，为迎战今年第八号台风"竹节草"，中国石油浙江销售储运分公司鲁家峙油库 闻"风"而动，多举措推进各项防御工作，全力构筑安全屏障。 硬件加固，构筑实体防线。鲁家峙油库生产区内，重要管线、设备设施已全部完成专业绑扎和加固;露 天堆场物资全部完成防风固定与转移;排水沟渠全面疏通，应急抽水泵、沙袋等防汛物资定点就位，正 整装待发。 图为员工们在绑扎发油软管。 目前，鲁家峙油库已全面进入临战状态。该油库严格落实关键岗位24小时专人值守制度，全面加密安全 巡查频次，严密监控台风动态变化及库区实时状况，确保险情早发现、早报告、早处置。 ...

Core Points - The Hubei Provincial Economic and Information Technology Department has announced the list of provincial-level green manufacturing enterprises for 2025, highlighting a number of chemical companies [1] - The selected chemical companies include Wuhan Shuanghu Paint Co., Ltd., Jiasili (Yicheng) Fertilizer Co., Ltd., Hubei Shuanghuan Technology Co., Ltd., and several others [1] - Green factories are defined as those that achieve land intensification, non-toxic raw materials, clean production, waste resource utilization, and low-carbon energy [1] - The selection process involved voluntary applications, recommendations from cities and states, expert evaluations, and public announcements [1]

据悉，此次交付的绿色甲醇由香港中华煤气公司在内蒙古生产，运抵天津后，依托天津港保税区临港化 工园区完善的产业配套及孚宝渤化公司世界一流的石化码头与仓储设施，这批绿色甲醇实现了安全、高 效的存储与装船全流程作业。作为天津港保税区专业危化品物流服务商，孚宝渤化公司凭借其成熟的港 口设施、严格的操作规范和可靠的危化品作业能力，为此次出口提供了关键保障。 中化新网讯 近日，一艘装载5000吨ISCC EU认证绿色甲醇的货轮从天津港（600717）保税区临港石化 码头启航驶往新加坡。这不仅标志着国内首单规模化绿色甲醇外贸出口业务圆满完成，也印证了天津作 为国际绿色能源枢纽的关键角色。 与传统船用燃料相比，绿色甲醇在使用周期内可显著降低75%以上的碳强度，是航运业脱碳的重要路 径。孚宝渤化公司总经理刘笑梅表示："此次中国本土生产的绿色甲醇至新加坡加注，显示出天津港保 税区及临港石化码头的综合优势，表明亚太地区在绿色燃料产业链的关键环节正加速完善。" ...

中化新网讯 近日，美国环境保护署(EPA)宣布了一项提议，建议撤销对温室气体的"危险认定"，即官方 不再认定温室气体对人类健康和福祉构成威胁。如果该提案最终获得通过，美国所有温室气体法规都将 失去法律依据，这可能会对未来应对全球变暖的努力造成毁灭性打击。 泽尔丁还估计，通过废除包括汽车排放标准在内的所有温室气体法规，取消其危险性认定，每年可节省 540亿美元的成本。泽尔丁援引了最高法院去年的一项裁决作为其废除法案的依据，该裁决认定EPA无 权监管温室气体。不过，他同时表示，如果国会修改《清洁空气法》，明确规定政府有义务监管温室气 体，EPA将遵守该裁决。 当地环保组织强烈反对该提案，批评称在全球变暖的负面影响愈加严重的情况下，美国应对气候变化的 途径将会中断。根据多个团体、部分州以及法律专家的说法，预计未来将有人提起诉讼，挑战该项提 案。 EPA署长泽尔丁在美国印第安纳州的一场活动上宣布该项提议，他与能源部长赖特一同出席了此次活 动。泽尔丁认为，此举反映了选民对监管机构保护经济的要求。泽尔丁表示"在特朗普总统的领导下， 我们将选择一条平衡环境保护与经济增长的道路"。 ...

Core Viewpoint - New Zealand's Parliament has voted to repeal the offshore oil and gas exploration ban established in 2018, reopening opportunities for energy exploration to enhance energy security and address the cost of living crisis [1] Legislative Changes - The repeal includes the cancellation of the offshore oil and gas exploration ban outside the Taranaki land area [1] - The government aims to align decommissioning management standards with international practices [1] - A new small-scale non-commercial gold mining license has been established, indicating the government's commitment to revitalizing state-owned mineral investments [1] Government's Rationale - The Minister of Resources, Sean Jones, stated that the 2018 ban hindered new investments and exacerbated domestic natural gas supply shortages, with reserves depleting faster than expected [1] - The current government recognizes the critical role of natural gas in the energy structure over the coming decades and is focused on enhancing energy security through domestic natural gas reserves [1] Implementation Timeline - According to the newly passed legislation, companies can apply for new oil and gas exploration permits as early as September this year [1] Market Impact - Climate Change and Energy Minister Simon Watts emphasized that the ban sent negative signals to investors, directly contributing to current supply tightness and price volatility [1]

Group 1 - The company has successfully trained 34 employees to pass English proficiency exams such as IELTS and TOEFL, as part of its "Talent Silk Road" initiative to expand into international markets [1] - The company recognizes the importance of the international market for its development and has implemented various measures including specialized English training, building an overseas talent reserve, and optimizing domestic and international rotation policies [2] - The company actively organizes intensive English training for key personnel, conducts regular English practice sessions, and rewards employees who pass language exams to enhance their skills and qualifications [2] Group 2 - The company customizes training plans for overseas employees based on project dynamics and staffing standards, promoting skill enhancement through various training methods [3] - During the Qatar project, the company sends technical personnel to learn new technologies and practices, ensuring they are well-prepared for overseas operations [3] - The company enhances its rotation policy to cultivate cross-border operational talent, improving flexibility in personnel allocation and addressing labor shortages [4] Group 3 - The company aims to develop a high-quality workforce by creating dual-skilled employees in management and language, as well as technology and language, to meet international market demands [4] - The company evaluates existing personnel capabilities and encourages skilled employees to take on roles in overseas markets, fostering a culture of mobility and skill enhancement [4]

Core Insights - Cabot Corporation has launched a new conductive additive, LITX 95F, specifically designed for lithium-ion batteries in energy storage systems (ESS) to enhance conductivity, extend cycle life, and improve processing performance [1][2] - The LITX 95F additive is particularly suitable for energy storage applications that require high durability and stability under frequent cycling conditions, making it applicable in residential and commercial storage scenarios [1] Company Summary - The LITX 95F conductive additive aims to improve the cycle life and energy density of batteries, demonstrating excellent capacity retention in performance tests based on thick electrode designs [1] - The high structural form of LITX 95F enhances the conductivity and stability of electrodes during repeated charge and discharge cycles, while also reducing material costs without compromising battery performance [1] Industry Summary - The global energy storage market has experienced significant growth in recent years, driven by the dual carbon goals and the need for a new power system centered around renewable energy [2] - The economic viability of commercial energy storage is becoming increasingly apparent, leading to rapid industry development as battery manufacturers seek to provide high-performance and cost-effective product solutions [2] - The introduction of Cabot's LITX 95F conductive additive is positioned to accelerate the adoption and application of energy storage systems by offering key performance and efficiency advantages [2]

展望第三季度，管理层预计"Springboard"计划将继续推动卓越表现，核心销售额将实现两位数同比增 长，达到42亿美元，收益增速将再次快于销售额增速，核心每股收益预计在0.63美元至0.67美元之间。 康宁公司董事会主席兼首席执行官魏文德表示："我们在第二季度取得了卓越业绩，核心销售额同比增 长12%，达到40.5亿美元，核心每股收益的增速更是超过核心销售额增长率的两倍，达到0.60美元。整 体来看，关键的长期结构性趋势以及我们的'More Corning'战略推动了市场对康宁解决方案的需求，我 们得以持续实现升级版'Springboard'计划所设定的强劲盈利增长目标。" 中化新网讯 近日，康宁公司公布2025年第二季度财务业绩。其第二季度业绩超出预期：核心销售额同 比增长12%，核心运营利润率扩大160个基点，核心每股收益同比增长28%，调整后的自由现金流同比 增长28%。这一业绩得益于市场对生成式人工智能新产品的持续强劲需求，公司光通信企业业务销售额 同比增长81%。 ...