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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 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...
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...
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...
Qatar Petrochemical Company (Qapco) has launched an expansion project - EP2, one of the biggest polyethylene sites in the world with one of the most up-to-date technology complexes. Under...
Reliance Industries plans to commission the newly acquired mono-ethylene glycol (MEG) division of SM Dyechem Ltd. within 3 months of taking over the plant, by March 2005. Produce from SM ...
Dow Chemical Co. is exploring expansion options in the growing Asian region. Dow is in talks with petrochemical companies in buoyant markets India and China to licence technology. The ...
A new polypropylene random copolymer has been designed to address growing demand for high-performance transparent blown film. Basell claims that the resin, based on its Spherizone process...
Arabplast 2005 : Leading plastics trade show to feature top global players. China, Spain and Malaysia join as first-time participants ArabPlast 2005 - the Middle East’s premier trade s...
As the weather gets milder in the North East USA, crude oil futures prices dipped towards US$45/barrel. Another factor contributing significantly to the slide is building consensus of OPE...
The Middle East region is building up its strength in the petrochemical sector to take advantage of availability of cheaper feedstocks and will continue to consolidate it's position in th...
Demand for masterbatches in Asia has made rapid advances in recent years, reaching levels of 500,000 tons in 2004. Despite the 13% average annual increase, there is significant room for f...
With a fall of over US$1/barrel in crude oil futures on Monday, oil prices fell to their lowest level in more than a month. Light, sweet crude for March delivery fell to US$45.28 a barrel...
Petrochemical crackers in Singapore's Jurong Island have announced multi-million dollar interim investments for production expansion. This capacity increase will go towards satiating the ...
The last 3 weeks have seen oil prices hovering in the range of US$45 to US$50 a barrel, as the market has recorded mixed reactions alternatively to healthy U.S. oil inventories and possib...
Petrochemical Corp. of Singapore (PCS) plans to build a new metathesis plant with a capacity of 200,000 tpa of propylene, expected to start up in Q3- 2006. Metathesis is an olefins conver...
Three bidders seem to have been shortlisted for the next auction round by Shell and BASF for their polyolefins business: Europe's Ineos Chlor, National Petrochemical of Iran and Haldia Pe...
Indian Oil Corporation Limited has selected Basell's Spheripol technology for a new 600 KT pa Polypropylene plant. The plant is to be built at Panipat, India, with start-up planned for 20...
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