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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
Borealis has announced a price increase for its polypropylene based products for European automotive and appliances applications in Europe by 50 EUR/per ton as of 1st January, 2007. Thi...
Light sweet crude for December delivery fell by US$1.82 to $56.94 a barrel on the New York Mercantile Exchange. In London, January Brent crude futures rose to US$60.81 a barrel on London'...
Charging violation of trade secrets, Celanese Corp. has sued Saudi International Petrochemical Co. International Acetyls Co. and International Vinyl Acetate Co. Celanese seeks to block t...
Al-Waha Petrochemical Company has signed the Shariah compliant Financing Facilities Agreement and all related financing documents with 6 regional banks. Al-Waha is a 25:75 joint venture b...
The details of proposals for a new petrochemicals complex at Ras Laffan, Qatar, preliminary agreement for which was signed in 2005, have been released. An agreement has been signed for a ...
Egypt and Singapore are in strengthening their bond with talks for a US$2.3 billion petrochemical plant at the Suez Gulf. Economic ties were recently enhanced when Egypt agreed to begin t...
Kakinada in Andhra Pradesh has been proposed by the petrochemical task force for setting up petrochem hubs because of huge gas discoveries off the coast of Andhra. The government has prop...
Novamont has officially opened its plant at Terni, Italy to produce biopolymers from vegetable oil. The bioplastics, manufactured initially from corn starch, will be marketed under the ex...
Cincinnati Extrusion GmbH, Austria has shipped the largest parallel counter rotating twin-screw extruder ever built with an output of up to 2,000 kg/hr, ideal equipment for high-speed man...
As per a U.S. government report, crude oil inventories rose 1.3 million barrels to 336.0 million barrels last week, but gasoline inventories fell by 3.7 million barrels to 200.3 million b...
Several crackers that had been shutdown for regular maintenance came back on-line in Japan this month, triggering a rise in demand for naphtha for ethylene production. This has caused Ja...
Higher fuel prices have led to a rise in the cost of Assam Gas Cracker project from the original estimate of Rs 5,460.61 crores. State-run GAIL India Ltd. has sought government permissio...
Eastman Chemical Co.'s new 350,000 tpa PET facility has begun production and will be fully operational in the Q1-2007. The company expects to reach a 10% operating margin at its polyethyl...
SUMMARY Oil remained stable at the price below US$60/barrel. It is likely to continue to show stability or even some weakness in December 2006. Naphtha, on account of increased market ac...
Xpro India Ltd., with a current production capacity of 17,059 tons of diverse packaging and allied products, plans to ramp up its packaging film capacity through a major greenfield projec...
Oil prices bounced back to levels above US$58 as the market awaits release of the weekly U.S. inventory report. Light sweet crude for December delivery rose to US$58.47 a barrel in midmor...
Korea in order to further increase profitable growth in the important Asia Pacific region, starting January 1, 2007. Lanxess's Korea operations have so far been run through an agency agre...
Demand growth, or lack of it, is a major issue for Polystyrene, indicating that the global demand for PS has stagnated. The average annual growth rate predicted from 2001 to 2006 is 0.9% ...
China's Dahua Group expects to complete its new 450,000 mta paraxylene (PX) plant in mid 2008, by May or June of that year at an investment of Yuan 4.5 billion (US$571 million). The plan...
Research group Freedonia has forecast that demand for sterile medical packaging will expand by 6% pa, to reach a value of US$4.38bn in 2010, compared with US$3.28bn in 2005. Inhalers wil...
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