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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
To help finance expansion projects, Saudi Basic Industries Corp (SABIC) plans issue Islamic bonds of at least 1 billion riyals ($267 million). This will mark the first time a private Saud...
Saudi Basic Industries will issue an Islamic bond in June or July 2006 worth at least $267m to help finance expansion projects. SABIC has set up a financial arm, Sabic Sukuk Company, whic...
The global petrochemical industry is expected to experience a downturn this year as a result of an oversupply of ethylene, as per a top executive of Formosa Plastic Corp. This was support...
Oil prices fell by almost $2 a barrel on Wednesday after U.S. government data showed rising domestic inventories of crude-oil and gasoline. Light sweet crude for July delivery fell by US$...
Several petrochemical and infrastructure projects are to be launched at the new Jubail Industrial City (Jubail-II) on Sunday, including the 75,000 tons Butanediol plant of the Saudi Inter...
Investors in Engelhard holding 89% shares have agreed to accept the cash offer of US $39 a share. Thus, BASF has won over Engelhard investors with a US$5 billion bid, and now controls a m...
Blending polypropylene grades of Celstran long fiber-reinforced thermoplastics (LFRT) with Topas* COC (cyclic olefin copolymer) reduces warpage for automotive, packaging, medical, optical...
Basell plans to increase compounding capacity for PP ("Hostacom" and "Hifax") at Suzhou, China to 27,000 tpa by September 2006. This hike in capacity is earlier than planned and can be a...
With effect from 1 June 2006, Dow Europe has placed another hike on the table for all of its PS products, including GPPS, HIPS and advanced technology resins. This is in addition to the E...
In response to signs of Iran responding positively to a package of incentives by world powers that hope to curb its nuclear program, oil prices fell. Light sweet crude for July delivery f...
The Dow Chemical Company is currently well-established in the Yangtze River Delta: 4 of its 7 production facilities in the mainland are located in the region; Shanghai will house a world-...
The past 5 years has witnessed 8.5% growth per annum in global demand for biaxially oriented polypropylene (BOPP) film. The rise has been an estimated 1.4 million tpa in 5 years and is es...
Manufacturer of rigid plastic packaging Hitech Plast Ltd, has acquired a 60%stake in Mipak Polymers Pvt Ltd., manufacturers of injection stretch blow moulded and extrusion blow moulded pr...
The fate of US$10 billion proposed Alberta project, which was to proceed only if industry players decide in favour, seems to be in jeopardy. Questions have arisen regarding Alberta's curr...
Mitsubishi Chemical Corp. has restarted its 603,000 tpa Kashima No. 2 cracker after regular maintenance. The naphtha cracker had planned a shutdown for maintenance between May 19 and June...
After Iran's supreme leader threatened to disrupt global supplies if the West punishes Tehran over its nuclear program, oil prices have inched upwards. However, analysts feel that the mar...
Korea's Lotte Daesan Petrochemical Corp. (Lotte), a wholly owned subsidiary of Honam Petrochemical, has selected Univation Technologies to assist in the planned 130,000 tpa expansion of l...
Huntsman Corporation has added a new low pentane expandable polystyrene (EPS) to its portfolio of performance polymers, containing an average of 3.6% pentane by weight. This makes the EPS...
Jindal Poly Films plans to invest Rs 300 crore to treble its manufacturing capacity 1.35 lakh tpa of films. Funds are likely to be raised through a combination of public issue, internal a...
China Petroleum & Chemical Corp., Asia's biggest oil refiner, has denied that it plans to buy the rest of unit Sinopec Shanghai Petrochemical Co. Earlier in the day, reports had surfaced ...
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