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Latest international plastic news, information and facts on plastics, polymer news, trends and developments in plastics industry. Subscribe to receive latest developments about plastic products, plastics trends, news & plastic information
Market grapevine suggests that Czech financial group KKCG has hived off 6.1% stake in petrochemicals maker Unipetrol to an unnamed local company with Russian financing. The stake correspo...
Oil prices touched new highs and surpassed US$82 a barrel on news of a cut in interest rates by the Federal Reserve to boost the US economy. The Federal Reserve announced a cut in key int...
ALFA, S.A.B. de C.V. (ALFA) plans to acquire PET Eastman's polymers production facilities in Mexico and Argentina. Alfa has entered into definitive agreements with Eastman Chemical Compan...
In a move towards its' commitment to strengthen its position in Europe, with a focus on driving the growth of its Performance businesses throughout the region; Dow Polyurethanes, a busine...
Royal DSM N.V has forayed into the market of ultra high molecular weight polyethylene (UHMWPE) for use in total joint arthroplasty and other medical devices. In the coming years DSM Biome...
Light, sweet crude for October delivery dipped to US$78.59 a barrel in Asian electronic trading on the New York Mercantile Exchange by midmorning in Singapore. In London, October Brent cr...
Saudi Industrial Investment Group plans to enter a US$4.8 bln joint venture with Chevron Phillips. For this purpose, Saudi Industrial Investment Group plans to double its capital in early...
OMV AG has commenced construction on a 360 km ethylene pipeline extension in Bavaria as part of a consortium-based project. The Ethylene Pipeline South (EPS) project is scheduled to be co...
Engineering and construction company - The Shaw Group Inc.'s company has been awarded a contract to design and build ExxonMobil Chemical´s new petrochemical plant and power generation fac...
EcoSol® - a water soluble, biodegradable, poly vinyl alcohol (PVA) film ideally suited for packaging applications for a wide range of products including detergents and cleaners, degreaser...
Oman's Octal Holding has invested US$300 mln into a petrochemical plant and plans to become the world's largest producer of amorphous polyethylene terephthalate (APET) sheet packaging. Th...
Oil prices settled above US$80 a barrel as production problems at refineries as Hurricane Humberto hit Texas. Light, sweet crude for October delivery settled at a record US$80.09 on the ...
The naphtha Asian market is likely to remain under pressure with a supply glut that will be caused by continuance of high naphtha export volume by Indian refiners. The Indians are expecte...
Reports indicate that Saudi Chevron Phillips Co is likely to delay the start up of the US$3 bln petrochemical plant in Jubail from Q4-2007 to Q1-08, with an ethylene production capacity o...
Texas Petrochemicals, Inc. has commenced an internal investigation into certain payments from accounts of the Company which appear to have been improperly authorized. The payments in ques...
Fast-forming Hurricane Humberto has stunned the area around the Texas-Louisiana border. Humberto had been expected to hit land as a tropical storm, but suddenly transformed and strengthen...
Chennai Petroleum Corp Ltd (CPCL) is currently holding discussions with TIDCO to identify about 3,000 acres of land at Ennore for expansion plans that include petrochemical projects and a...
Russian regional oil producer Tatneft has signed a preliminary agreement with US engineering company Fluor Corp. to build an oil refining and petrochemical complex in Nizhnekamsk. The new...
Acquisition of assets of Apex is a move aimed at expanding production to meet economies of scale, which would increase its cost competitiveness in the global market. Vinythai Public Co. L...
Ineos Polyolefins has lifted force majeure (FM) that was declared on 29 May, on ethylene from at its Grangemouth, Scotland site on 3 September 2007.
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