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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
Indian Petrochemicals Corporation (IPCL) announced its Q3 results at a board meeting. The Reliance group company has posted a hike of 130% in net profits for Q3. IPCL has posted a net pro...
The Middle East region is building up its strength in the petrochemical sector to take advantage of the availability of cheaper feedstocks and its proximity to the Asian petrochem demand ...
In order to cut the manufacturing cost of synthetic textile industry and thereby enhance its global competitiveness in the quota-free regime, the finance ministry is likely to halve the b...
Demand for thermoplastic compounds is on the rise in Asia, recording a 10% increase annually between 2000 and 2004. Asian demand reached an estimated 7.8 million tons in 2004. As expec...
As part of the preparation for the 3,000 km China-Kazakhstan oil pipeline, leading Chinese oil and gas producer PetroChina is expanding an existing oil refinery and building an ethylene c...
Crude oil prices dipped below US$ 48 in anticipation of warmer temperatures in the United States (easing potential pressures on supply), along with a rise in US fuel stocks. New York's ma...
A deal has been signed between the Thai ministry and PTT. The deal, if executed, will mark an important step in the attempt to restructure TPI's US$2.7billion debt. The debt restructuring...
Equipolymers has completed the construction of a second PET line at its Schkopau (Germany) facility, with capacity of 175,000 mta. With this, total capacity at Equiploymers' Schkopau site...
Ampac Packaging moves a step further in it's growth plans for the consumer packaging business - both organically and through synergistic acquisitions. Ampac has acquired Flexicon, a leadi...
European demand for polyurethane grew by almost 8.5% in 2004. Rigid foam and elastomeric applications drove this increased demand. Steady growth in rigid foam segment can be attributed to...
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...
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