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AROMATICS

Prices of aromatics – a group of scented hydrocarbons with benzene rings used to make a variety of petrochemicals – were all down last month. Benzene was down 5% to US$619/mt in December...

14-Jan-16

Global polypropylene demand to rise 5% pa up to 2020

Global demand for polypropylene is expected to increase at an average annual growth rate of about 5% pa up to 2020, led mainly by extrusion applications, according to a report released We...

14-Jan-16

New polymer could 'revolutionize' water purification

A new polymer that can purify water in seconds has been found by Researchers at Cornell University. The findings, published in the scientific journal Nature, “demonstrate the promise of p...

14-Jan-16

Expanding polymer helps prevent battery fires in specialised lithium-ion technologies

Scientists in the US have designed a reusable lithium-ion battery that will shut down under extreme temperatures and only work again once the device has cooled. The innovation may help to...

14-Jan-16

USGC naphtha slumps to lowest level since end of 2008, fuels interest in Asia

The outright price for US Gulf Coast naphtha barges slid on Tuesday to a low not seen since late 2008 on refiner selling in a move that points to interest in shipments of the refinery wor...

14-Jan-16

Asian Paraxylene falls to 7-year low on tumbling upstream prices

Paraxylene prices in Asia fell to their lowest level in seven years at the start of the week after crude oil continued to weaken amid bearish fundamentals, Platts data showed. Both PX be...

14-Jan-16

Supreme Petrochem commences operations at Chennai plant disrupted due to floods

Supreme Petrochem Ltd has commenced operations at its plant in Chennai where production was disrupted due to floods in December. The main plant has been commissioned and is expected to at...

13-Jan-16

Petrochemical complex announced in Andhra Pradesh by Union Minister

A petrochemical complex is coming up in Andhra Pradesh and it will be undertaken by HPCL and the GAIL, according to Union Fertiliser, Chemical and Petrochemical Minister Anant Kumar. The ...

13-Jan-16

Essel Group MoUs with Andhra Pradesh Govt

Subhash Chandra, Chairman of Zee group and ESSEL group, has signed two important MoUs with the AP Government. The group had signed an MoU for manufacturing solar panels from silica in col...

13-Jan-16

Westlake to expand ethylene capacity at Kentucky to add 70 mln lbs during H1-2017

Westlake Chemical Partners LP is proceeding with plans to expand ethylene production capacity at its Calvert City, KY, facility, as per naturalgasintel.com. The expansion will add 70 mill...

13-Jan-16

Japan's ethylene output falls in December 2015

Japanese ethylene production in December 2015 fell 2.5% from December 2014 earlier to 614,100 tons, data from the Ministry of Economy, Trade and Industry was reported by Reuters.

13-Jan-16

BCIC's shuts 600000 tpa PDH plant for turnaround, props up propylene price

BCIC Petrochemical Co., Ltd., a wholly owned subsidiary of Tianjin Bohai Chemical Industry Group (short as BCIC) has shut its 600000 tpa propane dehydrogenation (PDH) plant in Tianjin for...

13-Jan-16

Global composite decking & railing market to grow US$3.09 bln by 2020, at CAGR of 12.6%

The global composite decking & railing market is projected to grow from US$1.7 bln in 2015 to US$3.09 bln by 2020, at a compound annual growth rate (CAGR) of 12.60% from 2015 to 2020, as ...

13-Jan-16

Thermoplastic composites market to register CAGR of 6.5% between 2015 and 2020

The thermoplastic composites market size of end products in terms of value is projected to reach around US$9.9 bln by 2020 and is expected to grow at a CAGR of 6.5% between 2015 and 2020,...

13-Jan-16

Thermoplastic polyolefins market to witness enhanced demand from automotive

Thermoplastic polyolefins market to witness enhance demand from automotive industry, will reach US$3.5 bln by 2020, as per Grand View Research. Thermoplastic polyolefins (TPOs) are plas...

13-Jan-16

Oil prices dip below US$30 a barrel

For the first time in 12 years, crude oil prices have fallen below US$30 a barrel. New York's benchmark West Texas Intermediate (WTI) for February delivery fell to US$29.93 a barrel, whil...

13-Jan-16

Celanese to expand GUR UHMWPE capacity in Texas, US

Global technology and specialty materials company Celanese is planning to expand GUR ultra-high molecular weight polyethylene (UHMWPE) production capacity at its Bishop facility in Texas....

12-Jan-16

KraussMaffei Group acquired by ChemChina for EUR 925 mln

German plastics machinery maker KraussMaffei Group will have a new Chinese owner. The leading Chinese chemical company China National Chemical Corporation (ChemChina) accepts the KraussM...

12-Jan-16

Global market for plastics additives to register CAGR of 5 % for 2016-2021

The global market for plastics additives was valued at US$48.2 bln in 2015. This market is estimated to grow from nearly US$50.6 bln in 2016 to US$64.6 bln by 2021 with a compound annual ...

12-Jan-16

Westlake Chemical Partners to expand ethylene capacity in Calvert City, Kentucky

Westlake Chemical Partners LP has approved plans to expand ethylene capacity at the Calvert City, Kentucky facility owned by its affiliate, Westlake Chemical OpCo LP ("OpCo"). This expans...

11-Jan-16