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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
Ticona's Topas cyclo-olefin copolymer (COC) venture has lost US$62m over the past two years, and the fuel cell business lost US$12m in 2003 alone. These losses have influenced a decision ...
Iran's National Petroleum Co. targets to start up its No 6 mega olefins complex, located in Bandar Imam on the northern coast of the Persian Gulf, in March 2005. The plant, southwest of I...
Oil prices have spiked amid plunging temperatures in the United States and fears of supply cuts. Freezing temperatures hit parts of the United States, driving up demand in the world's lar...
South Korea's Hyosung Corp. has scheduled a 30 day turnaround at its dehydrogenation unit with a capacity of 180,000 mta of propylene. The maintenance turnaround will begin on March 10 at...
The Asian region will constitute 50% of the global consumption. While all Asian countries will continue to grow, China and India with their large population base would almost constitute 7...
Saudi International Petrochemical Company (SIPCHEM) is preparing to build a new acetyls complex in the Gulf industrial city of Jubail. Saudi British Bank and HSBC would be financial advis...
Triggered by the biggest crude rally in decades, naphtha prices scaled new highs in 2004, reaching levels of US$486 a ton in Tokyo and $51.30 a barrel in Singapore. Growing economies also...
Freezing temperatures hit Northeastern United States last weekend, driving up demand in the world's largest heating oil market for a week. At the same time supply disruptions continue. As...
Demand for PET is on the rise in China, and production has reached several million tons in a short time span of 5 years. China's demand for PET has been kept on the upward trend and an op...
The investment-friendly atmosphere currently prevalent in Egypt, is an invitation to global players for investments in the country. Egyptian Petrochemicals Holding Company has signed an a...
At about 12:30 (0430 GMT) a blackout hit the states of Johore Bahru, Selangor and Malacca, on the west coast of Malaysia. The blackout interrupted power supply, affecting aromatics and po...
Saudi Arabia's Kemya has scheduled a one month maintenance turnaround at the end of this month. . Kemya is a 50:50 joint venture between SABIC and ExxonMobil Kemya plans to shut down its ...
In this fiscal, Reliance Industries Ltd (RIL), India's only private sector oil refiner, exported petroleum products to the tune of US$3.4 billion. RIL plans to export almost US$4.5 billio...
Haldia Petrochemicals Ltd. (HPL) was to submit the draft prospectus to market regulator Securities & Exchange Board of India (SEBI) this month to get approval for floatation. Despite enga...
The Shell-China National Offshore Oil Corp's US$4.3-bil integrated petrochemical complex in Guangdong province is well on track. Completion of the project is slated for the end of 2005. ...
Raw material prices have seen a dramatic rise in 2004 and stand at highest levels, triggered by escalating oil and feedstock costs. In North America, price of polyethylene surged 57%, po...
US demand for degradable plastics is expected to grow by 13.7% pa over the next three years. Demand is forecast to reach 168,000 tons in 2008, valued at US$490 million. Demand for biodegr...
Demand for PVC window and door profiles has been growing in Eastern Europe in the past few years. Growth potential still exists in eastern Europe and Russia and is substantial to drives i...
SM Dyechem Ltd.'s Glycol Division with a capacity of 80,000 tpa of Mono Ethylene Glycol (MEG), located near Pune, has been shut since 1996. After the company failed to pay its dues to sec...
A drop in US crude stockpiles, anticipated colder weather in Northeast USA, a possible supply disruption from Iraq and production cuts by Organization of Petroleum Exporting Countries are...
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