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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
A shareholder of Braskem SA has sued Braskem- theBrazilian petrochemical producer, accusing the company of involvement in a graft scandal that has engulfed key stakeholders Odebrecht and ...
The Global Plastics Market is expected to reach US$654.38 billion by 2020, according to Grand View Research, Inc. Growth of major end-use industries such as packaging, construction and au...
The Global Styrene market to grow at a CAGR of 4.82% over the period 2014-2019 as per Researchandmarkets.com. The Global Styrene market is divided into the following segments based on der...
Though gaining popularity, PLA is not yet a full alternative for petroleum-based plastics due to its cost. The production process for PLA is expensive because of the intermediary steps. "...
The Mexican petrochemicals market earned revenues of US$1.06 bln in 2013 and estimates this to reach US$1.64 bln in 2020, as per Frost and Sullivan. Although the biggest revenue segments...
Industrial Cooling Solutions (ICS) has been awarded a contract to build a multi-million dollar 28-cell cooling tower at the RAPID steam cracker complex project in Johor, Malaysia. The co...
The US International Trade Commission (USITC) has voted to conduct full five-year (“sunset”) reviews concerning the countervailing duty order on polyethylene retail carrier bags from Viet...
Front-month US crude futures were trading at US$52.9 per barrel, inching up by 38 cents - a marginal gain that has followed an almost 8% drop seen on Monday. Monday saw the down to levels...
Formosa Plastics Corporation, U.S.A. will build a new, state-of- the-art polypropylene production line at its Point Comfort, Texas site. This will be the first new polypropylene productio...
The Directorate-General of Foreign Trade (DGFT) has moved to impose penalty on Haldia Petrochemicals Ltd (HPL) for violation of Foreign Trade (Development and Regulation) Act 1992, as per...
Spot ethylene prices plunged in Asia during this past week. Although spot naphtha prices are suggesting only minor changes week over week, the steep drops in ethylene costs were due to ea...
The government has rejected a plea by Haldia Petrochemicals Ltd (HPL) seeking relaxation in payment of customs duty for the violation of Foreign Trade Development and Regulation Act. "The...
The global bio-based polyethylene terephthalate (PET) market is expected to grow at 68.25% CAGR by 2019 as per a report by ReportsnReports. Bio-based PET is a biodegradable product mad...
Direction of polyethylene terephthalate (PET) spot price remains unclear going into July, as a heatwave across Europe strengthened buying appetite amid high producer stocks, while a poten...
The board of Indian Oil Corporation (IOC) has given in principle approval for a 350,000 tpa glycol unit to be set up at cost of Rs 3,800 crore, and a 1 mln tpa paraxylene PTA (purified te...
The Brahmaputra Cracker and Polymer Limited (BCPL), also known as the Assam gas cracker project, was partially commissioned on Saturday. Three units of the petrochemical plant — the gas s...
Saudi Basic Industries Corp. (SABIC) has completed the formation of a joint venture with South Korean petrochemical manufacturer SK Global Chemical Co. to produce polyethylene products, a...
Players in Indonesia are beginning to voice their reactions to new regulations mandating the use of the rupiah in local transactions, according to ChemOrbis. The new regulation went into ...
The average spread between Northwest European styrene monomer and feedstock benzene prices for the first six months of 2015 surged by US$246/mt (107%) year on year, Platts data shows. Ove...
Mumbai-based polymer products manufacturer Time Technoplast Ltd divested 50% of its holding in a JV with a Chinese partner in South China in a deal valued at around US$1.3 mln. The compa...
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