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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
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...
Import PVC prices in India dipped to their lowest levels in five years’ owing to persistently sluggish demand mostly triggered by plunging crude oil and upstream costs, as per ChemOrbis. ...
WTI crude traded in New York at US$61.3, while Brent fell to US$64.6 a barrel. Oil prices are just above US$60 per barrel after OPEC cut its forecast for world demand for oil. OPEC estima...
Global bio based PET market is expected to reach 5,800 kilo tons by 2020, according to a study by Grand View Research, Inc. Volatile crude oil prices and growing sustainable packaging mar...
Reliance Industries (RIL) will sign an agreement with the Russian petrochemical company, SIBUR to set up a butyl rubber manufacturing plant in Gujarat. The deal will be signed during the ...
European polypropylene prices slid to a 19 month low to Eur 1150/mt (US$1420) FD NWE Tuesday, with producers facing a drop off in demand as export opportunities dry up, according to marke...
In an effort to increase its footprint in the Asia Pacific region, German chemical company BASF SE this week broke ground on a new innovation campus in its Thane facility, on the outskirt...
In a bid to meet surging demand for specialty polymers, Solvay will increase capacity at its Panoli plant at Gujarat, by 25% to support strong demand for its innovative ultra-high perform...
The capacity for bioplastic production is predicted to grow by more than 400% by 2018, according to European Bioplastics' latest annual market data update, which shows that capacity will ...
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