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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
A consortium of 6 Japanese companies, including Nippon Steel Corp. and JFE Steel Corp. ahs been awarded a contract to supply steel pipes to Saudi Aramco at refinery and petrochemicals pro...
An agreement between Russia and Ukraine on natural gas shipments have slightly eased market concerns and caused oil prices to dip below US$63 per barrel on Wednesday. February delivery co...
China's largest oil refiner Sinopec has received approval from the State Council to build a US$3.1 bln petrochemical complex in the northern municipality of Tianjin. Construction of the n...
ExxonMobil Asia Pacific Pte. Ltd. has awarded the team of Foster Wheeler and WorleyParsons a project coordination and services contract for a potential new project at ExxonMobil's Singapo...
BASF has developed Ecovio® - its first biodegradable plastic based on renewable raw materials. Ecovio® consists of 45% polylactic acid, a material obtained from corn (maize), and 55% exis...
The Board of CNOOC and Shell Petrochemicals Company Limited (CSPC) have announced the completion of construction of their world scale petrochemicals complex in Daya Bay. Final preparation...
The draft petrochemicals policy which is to be considered by the Cabinet shortly, plans to set up a committee to consider if plastic consumption by certain user industries should be made ...
Oil prices jumped by more than $2 a barrel to cross US$63. Though cold rain and snow fell in parts of the Northeast, the main driver for this rally could be speculative buying. Other fa...
China's production capacity and output of polyvinyl chloride (PVC) increased sharply in 2005, resulting in a fall in market prices. By November 2005, China's PVC output reached 5.878 mill...
Encouraging signals from LME, such as increasing liquidity and a willingness to develop a spot price market has prompted Basell to list its products on the London Metal Exchange. Basell ...
Business in Germany reflects soaring confidence as companies emerge to regain competitiveness. BASF has historically embarked upon international growth at a nascent stage and stands today...
Algeria plans to raise its investment in hydrocarbons to US$33 billion in the next five years, including US$8 billion of direct foreign investments, which will include, for the first tim...
The following four guidelines have been proposed for the development of China's petrochemical industry during the country's 11th Five-Year Program period (2006-2010): * Strictly control...
State-owned Oil and Natural Gas Corporation (ONGC) has signed an MOU with the Hinduja Group for joint collaboration in O&G and petrochemical projects in India and overseas. This follows O...
Tabriz Petrochemical Complex (TPC) plans to double production capacity of polystyrene and ABS (acrylonitrile butadiene styrene) in the next two years. A Korean company and Sadra of Iran a...
Oil prices held above US$60 upon release of data by the US government showing a significant drop in domestic gasoline inventories last week. Light, sweet crude for February delivery rose ...
Towards the end of 2005, Lati announced its decision to close its U.S. compounding plant due to slow growth in the U.S. and overcapacity in Europe. BASF Corp. plans to acquire the nylon, ...
A masterbatch that helps control taste and odor in plastics film applications for trash bags and flexible food packaging has been introduced by Ampacet. Several other end uses including i...
Indian polymer majors- RIL and IPCL have announced the followinf price increase wef 1 Jan 2006: PP prices are up by Rs. 2 per kg on basic HM film grade prices are up by Rs 1.50 per kg o...
Experts expect no decline in oil prices in the New Year and have given up calling for lower prices. A very tight market, vulnerable to supply shocks and disruption is expected to continue...
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