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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
New York's benchmark contract, light sweet crude for delivery in January, rose to US$47.70 a barrel. The oil price rise was triggered as data was released by the US Government indicatin...
Bayer MaterialScience and Teijin have signed an agreement to supply each other with specific grades of polycarbonate from their plants, which are under construction at Shanghai and Jiaxin...
USG spot benzene prices turned 180-degrees Wednesday, shrugging off recent heavy losses and trading back above 240 cts/gal for January liftings, sources said. A sharp decline early this w...
Oil prices continue above US$41 a barrel as temperatures in USA started falling more - in line with seasonal norms, spurring heating oil buying. US light crude stood at US$41.27 a barrel....
When Shell's long-time partner Sumitomo pulled out of a petrochem JV in Singapore in May this year, to focus on a US$4.3 billion petrochemical complex in Saudi Arabia, plans for the crack...
Petrochem demand is booming in China. China expects to consume 18.5 million tons of ethylene next year, expected to jump to 27 million tons by 2010. This will mark a 10% expected growth i...
Reliance Industries Ltd (RIL) has bagged the `Petrochemicals Company of the Year' award for 2004, instituted by Platts. The award acknowledges the increasing importance of petrochemicals ...
As temperatures hover around freezing levels in the northeast USA, demand for heating oil will rise. In anticipation of a plunge in temperatures in the northeastern United States, world c...
The Singapore government may invest in a US$1 billion chemical plant in Singapore with Royal Dutch/Shell Group, Europe's second-largest oil producer. The Singapore government will be repl...
At a recent meeting, all member countries of ASEAN called for faster economic integration, to move towards ASEAN as a single market as well as a single production base to improve the regi...
JGC Corporation has been awarded a contract by Aramco Overseas Company B.V., for the Front-End Engineering and Design (FEED) services of a High Olefin Fluid Catalytic Cracker (FCC) and an...
In order to achieve company objective of becoming number one in Europe, Sabic has planned workforce reduction at the company's site in Germany. The job losses result from Sabic Polyolefin...
A report by IEA has raised the estimate for growth of energy demand this year by 80,000 bpd to 1.52 million barrels. The northern hemisphere winter has come to an end and the peak driving...
Globally, the race to acquire knowledge and research capabilities is hotting up because barriers are coming down and new technology and brands are the only drivers of value in commodity p...
Based on the recommendations of the Kelkar Task, the Budget for 2005-06 is likely to be a package of tax sops for the petrochemical ndustry. A major proposal, now being examined by the fi...
Lyondell Chemical Company's Equistar Chemicals has entered into a licensing agreement to use Univation's metallocene catalysts to produce new grades of PE resins. Univation Technologies' ...
Haldia Petrochemicals Ltd. (HPL) expects to report a profit after tax (PAT) of over Rs 600 crore for the year to March 31, 2005. In 2004-2005, profit before tax of Rs 950 crore is estimat...
Iran and Singapore have signed a US$ 1 billion deal. The contract is for a 5 year advance sale by Iran of the byproducts of the aromatic 4th unit of the Assalouyeh project. The petrochemi...
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