SABIC Q2-2011 profits surge 61%

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• Spot naphtha premiums in NWE supported by buoyant blending demand

• Higher costs, limited availability push up PP prices in SE Asia

• Asian naphtha prices rebound from a three-session low to reach week highs

• Honam Petrochem buys 50,000 tons naphtha for H2-August at a lower price

• Crude price reacts to news of European banks passing stress tests

• German chemical industry heading for a record year

• Yunlin County Government rejects applications by Nan Ya to resume production at two plants

• Formosa’s phase-four expansion plans at naphtha cracker in Mailiao Township fail to pass EIA review

• Fluor Corp. chosen to serve as BASF's engineering partner in Asia and Europe

• Spot NWE benzene strengthen as August naphtha spread touches US$200/mt

• Saudi Aramco's acquisition of 70% stake in Sabic get clearance in India

• W.R. Grace & Co. licenses UNIPOL PP Process technology to Bharat Petroleum Crop Ltd.

• Formosa Petrochem purchases naphtha at more than 1-year high premium

• Hungarian energy company MOL’s polyol plant to be operational by mid-2021

• Motiva Enterprises to build polyethylene units and a multi-unit aromatics complex

• Haldia Petrochem declares force majeure on all cracker products

• JV to produce biobased acrylic acid to make SAPs used in a range of hygiene products

• LyondellBasell starts up fifth production line at polypropylene compounding plant in Germany.

• LyondellBasell inks deal for construction of Enterprise’s second propane dehydrogenation plant

• Planned turnarounds nearing an end in the Asia-Pacific region