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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 series of explosions at No.101 Chemical Plant resulted in deaths at PetroChina's Jilin plant. Preliminary investigations show five people were killed, one person is missing and two peop...
World oil prices are recovering from four-month lows as cold weather hits the northern hemisphere. New York's main contract, light sweet crude for delivery in December, rose to US$58.01 p...
Expected higher level of feedstock prices are likely put pressure on profits in H2. Japan's fourth-ranked petrochemical maker Mitsui Chemicals Inc. has estimated a cut in its full-year p...
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...
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