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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
Technip has been awarded by BP Zhuhai Chemical Co Ltd. (a joint venture between BP and the Fu Hua Group), a services contract for the development of a new world-scale PTA (Purified Tereph...
South Korea's Honam Petrochemical plans to establish a joint venture with Japan's Mitsubishi Rayon to form Daesan MMA, to build two factories in Daesan by 2008. Capacity at the plant will...
South Korea's fourth-biggest refiner Hyundai Oilbank Corp. has reached an initial deal with Compania Espanola de Petroleos, S.A. (Cepsa), the Spanish energy group to build a petrochemical...
An ethyl benzene unit has come on stream at the Pars Petrochemical Complex, Assaluyeh. When operations commence in a month's time, the plant will have a capacity to produce 645,000 tons o...
Iran has set aside over US$14 bln for investment in the petrochemical sector of the South Pars phase 2, scheduled to be operational within the next five years. Engineering operations o...
Titan Chemicals Corporation Bhd plans to construct butadiene and propylene plants at an investment of RM380 million in Pasir Gudang, Johor. The scheduled date for completion is end of 200...
Ethylene force majeure declared by Huntsman Corp has limited ethylene availability on the U.S. Gulf Coast. This has led to feedstock shorage, causing Nova Chemicals Corp to temporarily id...
BASF plans to acquire Lanxess' 14,000 metric tpa styrene-acrylonitrile (SAN) copolymers business in Europe and South America for an undisclosed amount. The agreement will not involve the ...
Indian Petrochemicals Corporation Limited (IPCL), along with several global giants, is interested in buying out state-owned Gujarat Alkalies and Chemicals Limited (GACL). GACL has two uni...
Azerbaijani President Ilham Aliyev's visit to the US has been successful, as US companies came forward with an initiative to carry out major investment in the country's petrochemical comp...
Light, sweet crude for June delivery inched up to US$69.91 a barrel in electronic trading on the New York Mercantile Exchange, as expectations of a rise in U.S. gasoline stocks last week ...
In a report, Moody's Investors Service sees a stable outlook for the Asian petrochemical industry (ex-Japan) over the next 12-18 months. However, within the sector, some products show mor...
The world's leading manufacturer of plastic bottles, Amcor Ltd announced that it was constructing a US$80 mln custom PET (polyethylene terephthalate) blow-molding plant in Wytheville, Vir...
Thai Petrochemical Industry PCL's founder Prachai Leophairatana was sacked from his position as chairman after the Commerce Ministry endorsed a new board representing new shareholders led...
Egypt's refining capacity, which is the largest in Africa, has been stagnant for the last few years at around 725,000 bpd. However, Egypt now has plans to use output from this new capac...
Concerns that Iran could cut supplies due to international pressure to modify its nuclear program has spiraled oil prices towards US$75 a barrel. Light, sweet crude for June delivery rose...
Sanyo Petrochemical Co., a unit of Asahi Kasei Corp. plans to restart its 450,000 tpa naphtha cracker after a two week delay on May 5. The delay was a result of the discovery of an ethy...
The national government and Mitsubishi Gas Chemical are on the verge of signing an agreement for the development of Papua New Guinea's first US$800 million petrochemical plant in Port Mor...
Egypt has announced plans to build a refining, petrochemicals, power/desalination complex in Kafr al-Shaikh. The investment outlay is estimated at US$ 9.5 billion. The complex will be...
Shell and Exxon Mobil are considering multi-billion dollar investments in Singapore. Shell is close to a final decision on building a new steam cracker in Bukom with a capacity of one mil...
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