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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 market for polyurethanes in China is growing at double-digit rates and this is expected to continue well into the next decade. Huntsman Corporation, BASF and a group of Chinese compan...
Singapore's state-owned investment company Temasek Holdings Pte. Ltd. Has acquired 50.45% acquisition in Indonesia's debt-laden petrochemical company PT Chandra Asri, at a transaction val...
South Korea's Honam Petrochemical Corp and Japan's Mitsubishi Rayon Co. have inked a 50:50 MOU to set up a petrochemical joint venture at an investment outlay of up to about US$258 millio...
The "feedstock issue", a highly contentious issue in Saudi Arabia's bilateral negotiations with major petrochemical producing countries seems to have been resolved. Concerns abound that S...
Concerns of possible disruptions in supplies from Iran and Nigeria have pushed oil prices up. Light sweet crude for March delivery on the New York Mercantile Exchange creeped up to US$66....
An initiative to attract vast investments in the petrochem sector by creating special investment regions, backed by an appropriate policy framework, has been initiated by India's Prime Mi...
India and Saudi Arabia are poised for high-level economic commitments, particularly in the energy sector. India's petrochem major is mulling investment in a US$8 billion refinery and pet...
Nova Chemicals Corp. has reported a loss of US$68 million for the three months ended Dec. 31, as against year-ago profit of US$162 million. However, low stockpiles with processors coupled...
Reliance Industries Ltd. has formed an equal joint venture with US engineering and construction company Bechtel, to handle subsidiary Reliance Petroleum's proposed US$6 billion refinery a...
Brazilian company Innova is to build two new plants in the in the hub of Triunfo to produce ethylbenzene and styrene. The company's existing site located in the hub of Triunfo, city in th...
Canadian firm Kethy Oil and Gas Company has signed a memorandum of understanding (MoU) with the Sindh government Tuesday to establish a petrochemical plant in the province to produce coa...
Oil prices fell by over a dollar on Tuesday on anticipation of an increase in already robust U.S. crude stockpiles. U.S. light crude dipped to US$67.06 a barrel on the New York Mercantile...
An increase in prices by ONGC for long-term supply of C2/C3 (methane-propane) rich gas to Indian Petrochemicals Corporation Ltd (IPCL) is expected shortly. The gain will be especially hi...
The company law board (CLB) reserved an order on the issue of allotting 135 crore shares to IDBI by The Chatterjee Group (TCG) in the Haldia Petrochemicals Limited (HPL) case, after consi...
International project management and services company Amec has been appointed by the Ningxia Coal Industry Group (NCG) as the contractor for the development of a US$1.5 billion coal-to-ch...
Sabic and Sinopec, China's top refiner and petrochemicals producer will restart joint-venture talks to build a 1 million tpa ethylene plant. Saudi King Abdullah's visit to Beijing has he...
Saudi Basic Industries Corporation (SABIC), Saudi Arabia's petrochem giant, has posted a record profit of SR19.2 billion last year, exceeding the previous record profits of SR14.2 billion...
A slump in Asia's petrochemical business has led to a fall in profits for petrochem companies. Asia's third-biggest oil refiner SK Corp., has reported a fall in Q4 profits from a year ago...
Oil prices retreated in a corrective move after Saudi Oil Minister's announcement that supply is plentiful and demand is well met by supply. Early in the week, prices jumped to over US$$6...
A blast at Sasol's ethylene plan in Secunda in September 2004 killed 10 people and injured 300. Probe into the cause of the explosion is to resume shortly. In the meantime the union is in...
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