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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 Saudi producer revealed new January PP, PE and PS offers at the end of last week in line with the previous market expectations, as per Chemorbis. Players in the Middle Eastern markets h...
The global disposable plastic blood bags market was valued at US$2,44,286,8 thousand in 2014 and is expected to grow at a CAGR of 9.1% from 2014 to 2020, to reach an estimated value of US...
A new bio-based engineering plastic that can be used for exterior design parts for automobiles has been developed by Mazda Motor Corp, in conjunction with Mitsubishi Chemical Corporation....
Sasol Limited (Sasol) has announced the completion of a US$4 billion credit facility for its ethane cracker and derivatives at its existing site in Lake Charles, Louisiana. In October, Sa...
Spot benzene and styrene costs in Asia have pared some of their losses over the week after recording relentless decreases for 5 months, according to ChemOrbis. The uptrend was mainly attr...
The global polypropylene (PP) market is predicted to grow in the next 4 years, posting an annual growth rate of 4–4.5%. The APAC and Middle East and African regions are expected to be the...
The Odisha government has urged the Government of India to provide budgetary support to Indian Oil Corporation Ltd (IOCL) for financing the capital cost of the PCPIR (petroleum, chemicals...
US naphtha exports are expected to increase in 2015 for all grades, as refiners continue to seek new outlets for increased production, as per Argus Media. However, growing condensate expo...
EQUATE Petrochemical Company, Kuwait's first international petrochemical joint-venture, will soon be in the final stages of its plant maintenance (turnaround). In a statement to Kuwait Ne...
Saudi Arabia has announced a 2015 budget with a huge US$38.6 bln deficit due to the sharp decline in oil prices but still raised spending. The price of oil, which makes up over 90% of pub...
State-run Bharat Petroleum Corporation Ltd (BPCL) is planning to raise Rs 4,000 crore for the expansion of its Kochi refinery and to fund its petrochemicals venture. State Bank of India (...
Reliance Industries has signed shipping agreements with Mitsui OSK Lines Ltd (MOL), for transporting liquefied ethane from North America to India. MOL will supervise the construction of s...
The Petrochemical Industries Co. (PIC), a subsidiary of Kuwait Petroleum Corportation (KPC), has signed a deal with Bahrain's National Oil and Gas Authority (NOGA) to partner in launching...
Players in China report that acetylene based PVC prices in the local market have gained a premium over ethylene based PVC triggered by steep declines in spot ethylene prices, which have e...
UOP LLC, a Honeywell company announced today that China has commissioned the first of 14 planned propylene production units using technology from Honeywell's UOP to help close the global...
Global oil markets fell again on Wednesday, extending more than a week of volatility as traders jousted over whether a growing supply glut had been fully priced in, as per Reuters. Oil o...
European polymer markets would continue to come under pressure from new capacity in the US that is being driven by shale gas and other cheap feedstock and energy regions, as per Interbulk...
H.I.G. Capital, a leading global private equity investment firm's affiliate has purchased the majority of the assets associated with Ferro Corporation’s Polymer Additives Division. PAD wi...
Crude oil prices are likely to bottom out in H1-2015, until a possible slowdown in US shale production counters a supply glut exacerbated by OPEC's decision not to cut output, as per a Re...
Global PP demand PP totalled 55.1 mln tons in 2013, with limited impact of the economic slowdown on the global market for PP, says Ceresana. PP revenues are expected to rise by 5.8% pa un...
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