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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
PTT's board has approved a plan to invest THB20.27 billion ($493 million) to buy a 31.5% stake in TPI. Thailand's oil and gas conglomerate PTT PCL is to make a payment for a stake in Thai...
Brazil's state oil company Petrobras and ethylene oxide and derivatives maker Oxiteno are near conclusion of a feasibility study on a refining and petrochemical joint venture. The project...
Naphtha cracker expansion at PetroChina's Jilin city facility has not been affected by blasts at a far out section of the same plant that spans 20 kilometres. The explosions were at the ...
New petrochemical complexes are emerging, and existing plants and infrastructure are being upgraded or expanded in the Middle East- an indictation of the buoyant market conditions resulti...
Turkey is planning a US$10 billion project to build an oil refinery, an LNG terminal and a petrochemicals plant at the port of Ceyhan on its Mediterranean coast. A total investment outlay...
West Bengal CM has met with the PM to facilitate Indian Oil Corporation's (IOC) induction as Haldia Petrochemicals Ltd.'s (HPL) new partner, seeking a firm commitment that IOC will come f...
Oil prices were higher in midmorning trade in Asia as investors returned to a heavily oversold market, overwhelmed by US stockpiles and mild temperatures. New York's main contract, light ...
Oil prices fell to their lowest level since July, sliding below US$58 as growing US energy stockpiles increased concerns about faltering demand. The US Energy Department's report showed a...
Delay in finalising contracts seems likely to delay the completion schedule of the proposed Rs 6,300 crore naphtha cracker and downstream polymer unit project of Indian Oil Corporation by...
Sinopec has denied a report that BP Plc. will take a 30% stake in Zhenhai Refining & Chemical Co. Ltd. BP owns 9.41% of Zhenhai, whose minority shareholders will be bought out by state-co...
South Korea's Samsung Total Petrochemicals Co. Ltd. is considering a one week shutdown at its 650,000 tpa naphtha cracker in May for regular maintenance work. The company is a 50:50 join...
World Trade Organisation is expected to ratify Saudi Arabia ‘s accession as its 149th member, 12 years after the kingdom first applied to join the global free trade body. This was possibl...
Venezuela's state petrochemicals firm Pequiven and US oil major ExxonMobil will commence construction for a US$3bn olefins joint venture in early 2007. Pequiven’s team of olefins speciali...
After reporting solid growth in H1-2005 amid robust petrochemical demand, Mitsubishi Chemical Holdings Corp and Sumitomo Chemical Co Ltd have boosted their annual profit forecasts. Mitsub...
US petrochem production has declined 15% yoy in Q3 - This is based on results of Q3 petrochemical production and inventory survey released by NPRA and conducted by VERIS Consulting, LLC. ...
India petrochem majors Reliance Industries and IPCL have announced downward price revision: Polypropylene prices have reduced by Rs3 per kg on basic PVC prices have declined by Rs 2 pe...
After the U.S. government reported a rise in supplies of oil and gasoline, oil prices fell to their lowest level in more than three months, settling below US$59 a barrel. Light sweet crud...
Transcorp/Dangote Group, one of the two firms seeking a controlling stake in Eleme Petrochemical Company Limited (EPCL) has alleged irregularities in the bid process, even as the Bureau o...
South African rail operator Spoornet aims to double capacity to transport chemicals by petrochemicals group Sasol by 2007. Railways utility Spoornet and petrochemicals group Sasol have si...
A new PE grade of polyethylene (PE) film coupled with an upgrade to technology, will help food packers to downgauge and increase production speeds. Downgauging helps food processors use l...
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