S-Oil to inaugurate US$4.3 bln Residue Upgrading Complex, Olefin Downstream Complex

S-Oil is slated to hold an inauguration ceremony to celebrate the successful completion and beginning of operations of its residue upgrading complex and olefin downstream complex, or R...

LyondellBasell and Neste unveil commercial-scale production of bio-based LDPE and PP from renewable materials

LyondellBasell Industries N.V. and Neste (the world's biggest producer of renewable diesel from waste and residues), have announced the first parallel production of bio-based low-d...

Petronas mulls US$6 bln expansion of speciality chemicals portfolio through acquisitions and partnerships

The chemicals arm of Malaysia's state energy firm Petronas plans to spend approximately US$6 billion over the next 15 to 20 years to expand its speciality chemicals portfolio throu...

Ethylene-naphtha spread in Asia dips to lowest level in almost 7 years

The Asian ethylene-naphtha spread fell to the lowest in almost seven years amid increased supplies of ethylene, as per S&P Global Platts data. The spread between CFR Northeast Asia...

Global naphtha market to reach US$242410 mln by 2024 at a CAGR 4%

Global naphtha market is projected to reach US$242410 mln by 2024 at a CAGR 4%, from US$199700 mln in 2019 as per planetmarketreports.com. Asia-Pacific is the leading consume...

Saudi Arabia mulls altering supply routes for polymer sales to Africa on mounting security tensions in the Gulf

Saudi Arabian petrochemical producers are considering altering supply routes for some polymer sales to Africa because of worsening security conditions in the Mideast Gulf- following la...

Global propylene oxide market expected to register CAGR of around 5.9% uptil 2024

The propylene oxide market is expected to grow at a CAGR of around 5.9% during the forecast period of 2019-2024, as per Research and Markets. The major factors driving the growt...

Amid robust demand Asia's naphtha crack extends gains to reach month high

Asia's naphtha crack extended gains on Thursday for a third straight session to reach a month's high of US$24.70, supported by robust demand, as per Reuters. At least three buy...

India identifies new site for US$44 bln oil refinery to be built by state-run firms with Saudi Aramco and ADNOC

The Indian government has identified a new site for the $44bn oil refinery that is being built by three state-run firms along with Saudi Aramco and ADNOC, according to Maharashtra chie...

Global Polyolefin Powders Market projected to register CAGR of 5.5% from 2018 to 2025

Global polyolefin powders market was valued at US$7.5 bln in 2017 and is projected to reach US$9.47 bln by 2025, at a CAGR of 5.5% in the forecast period of 2018 and 2025, as per Datab...

Global market for plastic furniture likely to exceed US$ 24 bln by the end of 2019

The global market for plastic furniture is likely to experience 5.3% Y-o-Y growth over 2018, thereby, exceeding US$24 billion by the end of 2019, as reported by Fact.MR study. Looking ...

Qatar Petroleum inks agreement with Chevron Phillips to build new petrochemicals complex

Qatar Petroleum has signed an agreement with Chevron Phillips Chemical to build a new petrochemicals complex, part of plans by the world’s top liquefied natural gas (LNG) exporte...

No equity investor for OPaL, ONGC likely to buy ?5,615 crore CC Debentures

After failing to find an equity investor for its petrochemicals arm -OPAL, Oil and Natural Gas Corp. Ltd (ONGC) might consider buying ?5,615 crore worth of compulsorily convertible deb...

Global super absorbent polymer demand to grow at a CAGR of 6.24% from 2019 to 2024

The market for super absorbent polymers (SAP) is expected to grow at a CAGR of 6.24%, in terms of volume, during the forecast period of 2019-2024, as per ResearchAndMarkets.com. ...

Chevron Phillips Chemical Company to acquire Nova Chemicals for over US$15 bln including debt

Chevron Phillips Chemical Company has offered to acquire Canadian Nova Chemicals Corp for over US$15 billion including debt, as per sources. Chevron Phillips Chemical- a joint venture ...

Global market for smart polymers to grow at a CAGR of 16% till 2024

The global smart polymers market is expected to grow at a CAGR of around 16% during the forecast period of 2019-2024, as per Research and Markets.com. The major factors driving the gro...

A new wool-based insulation likely to substitute petrochem based materials in automobiles

Researchers at Deakin University’s Institute for Frontier Materials have worked with Ford to create a new wool-based insulation, which has environmental and other benefits over s...

Polymer concrete market for green technologies in the Middle East to generate lucrative opportunities from 2019 to 2024

Unique process developed likely to create new polymer composites suited for soft robotics, electronic devices

Researchers have been seeking new, flexible materials for the next generation of soft robots and electronic devices, including novel medical devices. A team at Carnegie Mellon Universi...

Global polymer nanocomposite market expected to register CAGR of over 5% for 5 years to 2024

The polymer nanocomposite market is expected to grow at a CAGR of more than 5% during the forecast period of 2019 to 2024, as per ResearchAndMarkets.com. Growing applications in electr...