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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
Oil giant BP Plc's Innovene petrochemicals business, to be acquired by Ineos, has filed with U.S. regulators to withdraw its plans for an initial public offering (IPO). BP had been planni...
World oil prices plunged as a report showed that US gasoline and crude reserves spiked last week as more supplies came online following recent hurricanes Katrina and Rita. Crude stocks r...
Nova Chemicals Corp. has reported a Q3 loss of US$105 million. This loss can be attributed to one-time hits from raw material supply disruption and a write down on a European joint ventur...
At its first meeting of the newly elected members of the Managing Committee held on 18th October 2005, the following Office Bearers were unanimously elected. 1. Mr. Ajay U. Des...
Crude oil futures fell more than one dollar on Tuesday, as the threat of Hurricane Wilma waned as it looked likely avoid oil facilities in the U.S. Gulf of Mexico. Light, sweet crude for ...
A record price increase in copper in 2005 is prompting plumbers and electricians worldwide to buy aluminium and plastic replacement products. The use of copper has fallen by 9.7% in the U...
NOVA Chemicals Corporation has acquired exclusive rights to a groundbreaking expandable polystyrene (EPS) manufacturing technology- IMage™ technology, from Autonational BV. IMage™ technol...
Iran's giant project Marun Petrochemical Unit is estimated to be completed by 2006. Upon completion of the unit, Iran will be in a position to export polymer-based raw materials to intern...
Saudi Basic Industries Corporation (SABIC) has reported net profits of SR 14.7 billion (US$3.9 billion) for the first nine months of 2005. This marks an increase of 54% against profits in...
China plans to pump in 45 billion yuan (US$5.6 billion) to build a complete petrochemical chain in the western part of the country. US$20 bln will be invested in a 800,000 ton ethylene p...
Crude oil prices surged by over one dollar, amid concerns of Storm Wilma approaching the US Gulf of Mexico. New York's main contract, light sweet crude for delivery in November, jumped 1....
Thailand's Board of Investment Monday approved granting of tax privileges for 15 projects with a combined value of THB40.58 billion. The Board has granted approval for a THB4.48 billion p...
Shaw Stone & Webster has finalized a contract for the previously announced letter of intent with Eastern Petrochemical Co. (SHARQ) for engineering, procurement, construction, and commissi...
The government of Egypt plans to work in collaboration with major Korean companies, aimed at business and investment opportunities in the fields of oil, gas and petrochemicals. The Egyp...
Recent over-heated investments in the polyester industry exerted pressure to expand upstream feedstock capacity. The current demand for paraxylene far exceeds the supply in the domestic m...
The Hazira manufacturing division of the Reliance Industries Limited has won the '2005 ASTD BEST Award' from the American Society for Training & Development Award. Reliance is the first p...
Zimmer AG has received from Chang Chun Chemical (Zhangzhou) Co. Ltd. a contract to supply a polyester polycondensation plant producing polybutylene terephthalate (PBT). The plant will be ...
Celanese Corporation has signed a letter of intent with Daicel Chemical Industries Ltd. and Polyplastics Co. Ltd. to sell its cycloolefin copolymer (COC) business. Celanese subsidiary Tic...
Industry overcapacity has rendered the European EPS businesses unprofitable for many years now. Polystyrene joint venture Nova Innovene has decided to close its 65,000tpa expandable polys...
Dupont declared force majeure on Aug. 31 at two Mississippi plants and on Sept. 27 and Sept. 28 for its Sabine, Texas, ethylene copolymers plant and its Beaumont, Texas, aniline and acryl...
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