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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
The company law board (CLB) has advised The Chatterjee Group (TCG) and West Bengal Industrial Development Corporation to resolve the dispute over Haldia Petrochemicals' stake sale in an a...
In H1-2005, China produced 1.387 million tons of pure benzene, recording a 7% y-o-y. Imports saw a whooping increase of 170% y-o-y to 102,000 tons. China's benzene output for 2005 is pred...
Crude oil prices rose by over one dollar on the announcement that upto 15% of U.S. refinery capacity could be shut for at least the next couple weeks, coupled by the release of U.S. petr...
Aromatics Oman LLC has committed financing offers of over US$800 million for its new US$1.1 billion petrochemical complex from shareholders, commercial banks and The Export-Import Bank of...
The foremost question on every mind is whether Iran would reconsider its economic relations with other States that voted against it, in particular India. The head of Iran's National Petr...
Aker Kvaerner ASA has been awarded by PetroChina International Company Ltd. a contract to supply engineering design and equipment for a new polyethylene project in China. Aker Kvaerner wi...
Unprecedented feedstock prices coupled with high energy and transportation costs, have pushed BASF to consider a price increase for its engineering plastics in North America. The increase...
GAIL India Ltd. reported a 43% increase in net profit of Rs 1,954 crore in 2004-05. For 2006-07, Gail has earmarked a total of Rs 3,000 crore for expansion. Expansion on account of petro...
Huntsman Chemical has a capacity of about 100,000 tpa of styrene monomer at the Footscray plant, for which 80% of feedstock is imported, since stricter environmental regulations ended loc...
Business is limping back to normalcy in Texas after Hurricane Rita. Very little damage has been reported to chemical plants. However, several refineries in Texas could take weeks to fully...
As refineries assess the damage caused by Hurricane Rita and the markets worry about possible shortages in oil products, crude oil prices eased after a robust rally on Monday. Light sweet...
Ethylene production in China in 2004 was 6.7 million metric tons, while demand was 16 million tons - a supply shortfall of over 50%. BP Plc, Europe's biggest oil company, plans to expand ...
China relies on imports to meet 50% of its petrochemical demand, which is growing at double-digit rates. BASF-YPC Co.'s steam cracker and 9 downstream plants, started in June this year, h...
A hearing of the main petition filed before the CLB by The Chatterjee Group (TCG) in August 2005 seeking to restrain on share transfer of Haldia Petrochemicals Ltd (HPL) to Indian Oil Cor...
Houston-based Texas Petrochemicals LP, a petrochemical company specializing in C4 hydrocarbons, has safely resumed its operations and all units are on line, post Rita. The company initia...
Asia's top maker of aromatic petrochemicals, Thailand's Aromatics has estimated a drop in net profits projected for 2005, despite rising sales. As higher oil and feedstock prices boost co...
Oil prices surged amid concerns over US refinery capacity post-Hurricane Rita. New York's main contract, light sweet crude for delivery in November, jumped by US$1.63 to close at US$65.82...
China's first coal-to-olefin project will be built by China Shenhua Group Corp. in Baotou, in Inner Mongolia Autonomous Region, at a total investment of 11.7 billion yuan (US$1.45 bln). T...
Oil prices moved above US$ 66 a barrel on fresh market concerns that US refineries will not be able to match demand in the wake of two devastating hurricanes. In early trade, New York's m...
Power problems caused by Hurricane Rita have affected 1.5 million customers in Texas and Louisiana, home to half of the U.S. chemical production. This has disrupted 50% of US chemical pro...
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