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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
The Chinese government has given the nod of approval for construction of a joint venture refinery by China Petrochemical Corp. (Sinopec Group) and Kuwait Petroleum Corp. With total invest...
understanding with Aker Kvaerner for the joint execution of projects. This encompasses greater cooperation in identifying, marketing, bidding and executing selected projects on selected p...
To assist TPI cut its interest expenses and improve its business efficiency in the future, PTT (which holds 31.5% of TPI) plans to arrange a bridge financing loan of $800 to $900 million ...
Growth in population, urbanization and ever increasing aspirational levels of the populace, etc. exert tremendous pressure on available natural resources like water and gas, besides taxin...
Nova Innovene plans to close its Carrington, UK site, with a polystyrene (PS) production capacity of 180,000 tpa, in October 2006. A significant overcapacity in its PS business combined ...
Soaring oil prices have impacted price of naphtha - the feedstock material for petrochemicals. In a bid to counter these high prices, Japanese polymer producers Asahi Kasei Chemicals Corp...
The third week of July 2006 witnessed a drop in the price of oil from US$78/barrel to $74.50/barrel by the end of the week, almost bringing it back to the level prevailing in the first we...
An investigation has concluded that explosions and fires that burned two men and injured 14 others at the Formosa Plastics Point Comfort plant in October 2005 were preventable. The explos...
Two of the world's biggest chemical companies, Du Pont De Nemours & Co. and Dow Chemical Co. are weighed down with rising energy costs and higher commodity costs that are pressuring them ...
Three contract workers, employed by Zachry Construction Corp., the plant's designated maintenance contractor, were accidentally sprayed with steaming hot water while performing routine ma...
Reliance Industries Ltd and IPCL have announced an upward polymer price revision polymer wef 24th July 2006, as follows: PP Copolymer and Homopolymer up by Rs 2 per kg on basic HDPE and...
Rising oil prices continue to exert great pressure on feedstock prices, leading polymer majors to consider prices. With effect from 1 August 2006, Dow Europe is to increase prices for all...
Taiwan's Lee Chang Yung Chemical Industry Corp. is to acquire 36.02% stake in Taiwan Polypropylene Co. for NT$1.98 billion (US$60.5 million). Lee Chang Yung will buy the stake by acquirin...
Light, sweet crude for September delivery was down 15 cents to US$74.28 a barrel in Asian electronic trading on the New York Mercantile Exchange. Crude oil prices dipped marginally on Mon...
The Rivers State Government has signed a partnership agreement with lndorama Nigeria Limited, the new owners of the Eleme Petrochemical Company, over the running of the complex. The Sta...
China's energy giants Sinopec Corp and PetroChina are set to build at least 6 mega-sized petrochemical crackers at an investment of US$20 bln by the end of the decade. However, it seems t...
Korean and Japanese trading and investment companies have expressed an interest in equity partnership with Oil and Natural Gas Corporation (ONGC) for its petrochemicals complex at Mangalo...
Promoters of Haldia Petrochemicals are debating over 15.5 crore unaccounted shares in the refinery. Sources indicate that the shares are with the West Bengal Industrial Development Corpor...
The preferential trading arrangement (PTA) between India and Mercosur, scheduled to be implemented later this year, will allow preferential access to the 460-odd items from India to the m...
BP Refining & Petrochemicals has declared a "force majeure" on supplies of ethylene (C2) from its 515,000 tpa "Olefins 4" cracker at Gelsenkirchen-Scholven, caused by a technical glitch ...
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