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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
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...
The Chatterjee Group (TCG) has expressed that it has no objection to allotment of shares to Indian Oil Corporation (IOC) and IDBI in Haldia Petrochemicals (HPL), if TCG continues to retai...
Reliance Industries has formed Reliance Petroleum Ltd., a 100% subsidiary of the company. Mukesh Ambani plans to revive Reliance Petroleum after a gap of almost 13 years as part of the pl...
Idemitsu Kosan Co, Japan's second-largest refiner, is weighing the option of joining Vietnam's second oil refinery project scheduled for completion by 2015. This partnership will be initi...
Approval has been granted at a recent meeting of the Chinese State Councils standing committee for China's middle and long-term programs for oil refining and ethylene industry. China's ...
Reliance and IPCL have announced an increase in PVC prices by Re 1 per kg, wef 23 January 2006
BASF’s Engineering Plastics business plans to expand its North American manufacturing operations with the installation of compounding capacity at the company’s Altamira site in Mexico, to...
As tensions mounted over OPEC-member Iran's nuclear crisis, oil prices surged on Friday to the highest level since Katrina and Rita. U.S. crude oil rose to US$68.35 a barrel after hitting...
Thai Petrochemical Industry Plc (TPI), restructuring foreign debt incurred during the 1997-98 Asian economic crisis, is expected to emerge from the rehabilitation process in late February...
Saudi Basic Industries Corporation (Sabic) is mulling the purchase of a stake in Kiyane petrochemical firm, expected to go public this year. Kiyane has a paid-up capital of SR3.2 billion ...
The founder of Thai Petrochemical Industry, Prachai Leophairatana, has filed a petition against the company's request to exit its business rehabilitation plan, as he believes that the cur...
A consortium of three Saudi companies is in the final stages of forming a joint-stock petrochemical company with a Chinese partner. The three Saudi companies are Midroc, Sara Development ...
In a bid to trim overcapacity, Nova Corp plans to close its Chesapeake, Va., polystyrene plant. The closures will reduce costs for the company by US$15 million pa. Flat demand for the la...
An executive order that lowered tariff rates on petrochemicals from members of the Association of Southeast Asian Nations (ASEAN) from 7-10% to 5% has been issued in Philippines. Executi...
Indian Petrochemicals Corporation Ltd (IPCL) has posted 20.63% growth in net profit to Rs 228 crore in Q3 of 2005-06 compared with Rs 189 crore for the same period in last fiscal. Net pro...
Idemitsu Kosan Co, Japan’s second-largest refiner, is considering an oil refining and petrochemicals venture costing more than US$2 billion in Vietnam. Idemitsu is expected to sign an ini...
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