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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
The Rajasthan government is scouting for a consultant or consultancy firm familiar with the oil, gas and refining sector to evaluate the terms and conditions for setting up an oil refiner...
Technip has entered into an agreement with Air Liquide Global E&C Solutions Germany to purchase all of its Zimmer® polymer technology business. Based in Frankfurt, Germany, the business ...
Spot ethylene for December and January fell to 38.25¢/lb, the lowest level since October 2010, in rapid trading as US ethylene consumption continued to weaken and overseas competition in ...
The Competition Commission has cleared Chatterjee Group's proposal to hike its stake in Haldia Petrochemicals by acquiring shares from West Bengal Industrial Development Corp. As per econ...
The Asian propylene-naphtha spread has fallen by 17.8%, day on day to a six-year low of US$178/mt at the end of last week; amid excess supply, sliding oil prices and weaker demand in the ...
Oil on the Nymex closed at US$55.9, the lowest finish since May 2009, while January Brent crude on London’s ICE futures exchange settled at US$61 a barrel. Oil continues on its downward...
The petrochemical industry got a taste of what could be a potential shift in petrochemical profitability during the last quarter as crude prices – and, in turn, naphtha prices – tumbled, ...
Northwest European (NWE) naphtha prices have fallen below US$500/ton for the first time in five-and-a-half years amid plunging crude values, ICIS data showed. Naphtha cargo values began ...
Italian petrochemical company Versalis is to restart its 490,000 tpa steam cracker at Porto Marghera, Italy, in February to cover a shortfall of ethylene in northern Europe, as per a CGIL...
Uttam Kumar Basu, managing director of the ailing Haldia Petrochemicals Ltd (HPL), has resigned with immediate effect, as per business-standard.com. Basu, whose term was to end on Decembe...
The global petrochemicals market is estimated to grow at a CAGR of 6.8% from 2014 to 2020. Increase in consumption of petrochemicals from major end use industries that include constructio...
Amid improved supply, weakening demand and plunging oil prices, US front-month spot ethylene settled at its lowest in almost 30 months, at the end of last week. As per ICIS, Front-month ...
Oil extended losses to a five-year low with oil on the Nymex for January delivery falling to US$57.8 a barrel. Brent dipped to US$61.8, its lowest level since July 2009. Crude oil plunged...
The SOCAR company (The State Oil Company of Azerbaijan Republic) and the Russian GazpromBank have signed a Collection of basic conditions for a loan of US$420 million for the SOCAR POLYME...
Abu Dhabi National Oil Co (ADNOC) has concluded its term negotiations for cargoes loading over January to December 2015 at US$9-10/ton premium to its own price formula on a free-on-board ...
Oil prices have plunged to US$60 per barrel, falling by over 40% since hitting a mid-summer peak. These are levels seen for the first time in five years. Oil on the Nymex sank to US$59.95...
Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) has announced completion of ethylene expansion at its Sweeny complex in Old Ocean, Texas. With the addition of a tenth fur...
UAE-based oil manufacturing group Gulf Petrochem has appointed Brij Mohan Bansal, former Indian Oil chairman as its Strategic Advisor and member of Board of Directors. Bansal, with ove...
Reliance Industries has announced the following price revisions Decrease in HDPE & LDPE prices by Rs 2000/MT Decrease in LLDPE prices by Rs 2000/MT except Rotomoulding and Octene grades...
With effect from 11 December 2014, the following polymer price revisions have been announced by Indian Oil Corp HDPE- Decrease of Rs 5000/MT LDPE BM: Decrease of Rs 4000/MT LLDPE: Dec...
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