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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
Iran’s Arvand Petrochemical Co. has concluded a US$420m agreement with an Irano-Spanish company to set up a petrochemical plant in Bandar Imam to domestically produce ethylene oxide and e...
Saudi Arabia's petrochemical giant, SABIC has awarded a program management service contract for the engineering, procurement and construction of its new petrochemical complex in Yanbu Ind...
Royal Dutch Shell PLC will arrive at a decision to build another multi-billion dollar ethylene cracker in Singapore by 2006. Currently, a detailed study is being conducted, which is expec...
Royal Dutch/Shell Group's US$4.3 billion joint venture naphtha cracker in China is ready for start up in Dec 2006 as scheduled. Downstream units to process the 800,000 tpa ethylene output...
Gas prices climbed as oil prices fell after a volatile session. Light, sweet crude for October delivery on the NYMEX settled at US$63.11 a barrel. October Brent crude oil futures fell to ...
CB&I has been awarded a US$40 million contract to design and build storage tanks and pressure vessels for a petrochemical project in Al-Jubail, Saudi Arabia by Eastern Petrochemical Co....
GAIL and Petronet LNG are all set to commence mega projects worth over Rs 12,000 crore in Kerala over the next two months. With the completion of DFR, the GAIL board will give its approva...
Trans Pacific Petrochemical Indotama (TPPI)’s petrochem plant in Tuban, Indonesia is expected to come on stream as scheduled in June 2006. TPPI is controlled by the government and will ha...
Talks for sale of 51% stake of Turkish state-owned oil refinery TUPRAS have commenced. In addition to fuel products like petroleum, gas oil, and fuel oil, petroleum products are also prod...
Petrochemical industry players in the Philippines have taken the initiative of asking the President to finally sign the long overdue Executive Order to lower tariffs on 11 intermediate pr...
Led by falling gasoline futures, crude oil prices dipped in response to accelerated relief efforts post-Katrina. Light sweet crude for October delivery fell to US$62.60 a barrel in midday...
To take advantage of the rapidly growing demand for polyurethane (PU) in China, Mitsui Takeda Chemicals, Inc. along with its current joint venture partners has planned expansion of Tianji...
Taiwan's Chinese Petroleum Corp. (CPC), along with a group of Taiwan companies plan to build the world's biggest petrochemical plant in the United Arab Emirates at an investment outlay US...
Technip has been awarded by Innovene Manufacturing France SAS an engineering, procurement, construction management (EPCM) services contract to implement the Clean Fuels Project in the Inn...
BP Plc had arrived at a decision last year to either sell or float the business of its main petrochemical subsidiary Innovene Inc. The oil giant plans a U.S. initial public offering (IPO)...
Iran's Marun and Pars petrochemical projects, currently at pre-commissioning stages, are scheduled to go on stream by March 2006. The Pars Petrochemical Complex in Assaluyeh is to provide...
As processors and buyers seek better prices through private transactions, London Metal Exchange recorded a drop in plastics trading for the third consecutive month. The LME handled 817 fu...
China's first Plastics Exchange, at an investment outlay of 2 billion yuan (US$247 million), is to be housed in Guangzhou. Guangdong Plastics Exchange (GPE) will start operation in Guangz...
As relief efforts after Hurricane Katrina gain momentum, crude oil prices continue to remain at levels above US$64 on news that four damaged oil refineries will remain shut for months. La...
Basell has acquired ownership of the 50% share of Argentina's Petroken Petroquimica Ensenada, formerly held by its partner in the joint venture, Repsol YPF. Petroken operates a 180,000 tp...
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