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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
Singapore based Kuvera Energy Corporation Ltd. (KECL) and Hong Kong based Consoe Petrochemical Co. Ltd. have planned a petrochem JV at an investment outlay of US$1.65 billion in Cilegon...
China's petrochemical industry collected revenue of 24.2 trillion yuan (US$2.9 trillion) in 2004, up 32.5% year-on-year, and profits rose by 58.7% ; to 2.8 trillion yuan (US$337 billion)....
Chinese Petroleum Corp had planned to invest US$61 million (NT$1.93 billion) towards capacity expansion, starting next month. The expansion was aimed to boost its ethylene production from...
A Petrochemical Technology Upgradation Fund has been proposed in India to be used to reduce the interest burden on loans for upgradation of petrochem industry, mainly the plastic processi...
Crude oil fell for a third successive day on expectations that inventories will continue rising for the eighth week as imports and output from OPEC rise. U.S. crude stockpiles are at thei...
Booming demand from USA and China has pushed crude oil prices to record highs in 2004-2005. A lack of global refining capacity to meet this growing fuel demand in USA and Asia has trigger...
Malaysian plastic industry expects an optimistic growth rate of 8% in 2005, as it recorded sales of RM11.5 billion in 2004. This marks a year on year growth in sales of 22% from RM9.4 bil...
Sumitomo Chemical plans to establish a JV in China to manufacture and sell polypropylene compounds for automotive applications. To be headquartered in Guangdong Province, the new company ...
HDPE consumption in Western Europe increased by 3.5% last year. A report estimates growth in global HDPE consumption for the next 5 years. Growth has been pegged at over 3.5% pa over the...
Thai petrochem producer Thai Olefins PCL has plans of capacity expansion at an investment outlay of US$310 million. The expansion, expected to be commercially viable in Q2-2008, includes ...
Crude oil prices dropped by almost US$1 a barrel as the European Union forecast a cut its economic growth rate and traders took profits from a recent run-up to new highs. Aiding this slid...
Thailand's PTT Plc plans to build its sixth gas separation plant at an investment of 10 billion baht, as part of its plan to expand production capacity of olefins. The Rayong plant, w...
Plastics processors have sought a lowering of the common effective preferential tariff (CEPT) rates on petrochemical resins until 2008. The end of the three years will see the country's f...
Qatar Petrochemical (QAPCO) has planned a major de-bottlenecking to boost ethylene capacity to 700 kta, as well as LDPE (low density polyethylene) production. Due to its high purity, ethy...
DuPont Packaging & Industrial Polymers (P&IP) has commenced operations at its facility in Shenzhen, China - the first P&IP ethylene copolymer business operation in Asia Pacific. The plant...
The oil market seems to be in a very unstable situation as concerns about rising demand and potential supply disruptions overshadow improving crude inventories. Prices are hovering aroun...
US light crude futures hit $US57.79 a barrel, topping Friday's record of $US57.70 in New York. This rise is triggered by speculations of an increase in quotas being considered by OPEC cou...
Bayer MaterialScience AG, global market leader for polyurethane, has plans to develop a global network of polyurethane system houses to tap new markets. System houses ensure an even faste...
RIL and IPCL have announced the following polymer price revisions wef April 1, 2005: LLDPE and PP prices have seen an increase of Rs1000 per ton HDPE, LDPE and PVC prices have seen a r...
Domestic plastic makers in Philippines are asking the government to lower the common effective preferential tariff rates (CEPT- on goods imported from other member-countries of the Associ...
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