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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
Crude oil prices have nearly doubled in two years as the strong growth in consumption is not easy for the suppliers to keep up with In 2004, crude oil hit all time highs, rising to record...
An agreement signed between Mitsui and GAIL in June 2004 has received approval from the Indian government. With this approval, Japan's Mitsui Chemicals, Inc. (MCI) has licensed its propri...
As a cold wave hit Northeast USA, oil prices rose as traders wanted to avoid being short on the eve of a 3 day US holiday weekend. New York's main contract, light sweet crude for delivery...
US chemical major ExxonMobil and Sinopec (China Petroleum and Chemical Corp) are in a few rounds of preliminary talks about jointly developing an ethylene project in China's southern Guan...
In order to make its unit more efficient and produce more high-value molecules, Haldia Petrochem plans a complete shutdown at its naphtha cracker in the first half of April. The 520,000 t...
Malaysia's Titan Chemicals Corp has selected America based ABB Lummus Global Inc (Lummus) and BASF Technologies for a new olefins conversion unit and a new butadiene plant in Pasir Gudang...
A report that world oil use may gain by 1.73 million bpd to 83.78 million barrels this year, could trigger a rise in oil prices. As 2004 showed record growth in demand, market concerns ab...
Indonesia Polyprima has delayed its planned turnaround and debottlenecking of its 420,000 mta PTA plant to June. The 4 week shutdown originally scheduled for late May or early June, was d...
Purnendu Chatterjee of The Chatterjee Group, which holds a large stake in HPL, teamed up with ICICI ventures and US investors to table a bid for Basell. Currently a team to study the same...
The Chinese government has given the nod for expansion of petrochemical facility in oil-rich Xinjiang. This expansion, at an investment outlay of US$3.3 billion , which will make the comp...
China based Dalian Petrochemicals Co. plans to build a 150,000 ton class oil terminal in the 11th Five Year Plan Period (2006-2010) to form a liquid petrochemical berth group.The projects...
A 10 year program has been initiated by the chemical industry to reduce the environmental impact of Polyvinyl Chloride (PVC). The program has been triggered by fears of a potential ban en...
Venezuelan state petrochemical majpr Pequiven and Brazil's Braskem have agreed to jointly carry out feasability studies for the construction of ethylene, polyethylene, polypropylene and P...
State-run ONGC has obtained government approval to make a foray into the petrochemicals sector. The investment will amount to Rs 10,000 crores towards ONGC's ambitious plans to set up a c...
Prime Minister Manmohan Singh announced the setting up of Kerala Gas Cracker Complex. Kerala Gas Cracker Complex will be a Rs.70 billion (US$1.5 billion) petrochemical complex of gas in...
Titan Petrochemicals expects that the major investments underway in oil storage facilities in China will be the key growth drivers and pave the way for expansion into oil distribution and...
China's consumption of petrochemicals is growing by 8 to 10% pa. Increasing domestic prteochem production and supplies is necessary for the country. PetroChina, China's largest oil co...
Thai Petrochemical Industry Plc (TPI) expects sales to grow by up to 10% this year on the back of the steadily high oil prices, according to TPI rehabilitation planner Pala Sukhavech. ...
The US government's weekly inventory report to be released on Wednesday, is expected would show a rise in oil supplies by 1 million barrels in the previous week on account of higher impor...
Gas Authority Of India Ltd. (GAIL) and National Petrochemical Co. of Iran have signed an agreement to cooperate and invest in petrochemical projects in the two countries. GAIL and NPC hav...
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