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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
Saudi Basic Industries Corp. (SABIC) and Royal Dutch Shell (Shell), partners in the SADAF, have abandoned expansion plans. SADAF, announced in 2012, was a proposed expansion of the Jubail...
Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd. for the PETRONAS Refinery a...
China’s coal-based polyolefins capacity is expected to hit 5.96 mln tons by the end of the year, a sharp surge from 2.16 mln tpa in 2013. This will account for about a fifth of total 30.2...
Saudi Basic Industries Corp. (SABIC), has reported a 4.5% fall in Q3 net profit, as sales of petrochemical products slowed. The company reported net income for the three months ended Sep...
Siam Cement Group has set aside an investment budget of Bt200 billion to Bt250 billion for 2015-19 to create innovative products in its petrochemical and paper businesses and become a lea...
US front-month October ethylene spot prices fell at the end of the previous week to levels seen in early-July, but remain 31% higher year on year, as per ICIS. Front-month October ethylen...
Songwon Industrial Co., Ltd.and its distributor United Trading System (UTS) have signed a long-term cooperation agreement to supply the Russian petrochemical company, SIBUR with additives...
Since the downturn that kicked off in early September in China, domestic PP prices have lost an average of US$120/ton. The downward trend for HDPE saw a late start and recorded a smaller ...
Westlake Chemical plans to add nearly 115,000 tpa of ethylene capacity at its 560,000 m tpa plant in Lake Charles, Louisiana, by late 2015-early 2016, as per a company source. As per Plat...
Players in China and Southeast Asia report that initial November prices for PVC have been announced with decreases in line with softer upstream costs and limited demand during the traditi...
Petrochemical prices in Asia have dropped sharply amid tumbling crude values due to concerns about global growth and demand, as per Platts data. Front-month NYMEX crude settled down 6 ce...
Large-scale investment in African countries makes the region one of the most exciting markets for polymers in the world today, says Applied Market Information (AMI). In its study into the...
Petrobras's Comperj project listed numerous modifications that raised the cost of the project from US$6.1 bln to nearly US$50 bln. The project is riddled with delays, cost overruns and re...
Asia is set to import about 1.6 mln tons of naphtha from the West in November, aggravating a glut that has already pummelled prices in the region, as per traders in Reuters. Projected nap...
Global technology and specialty materials company Celanese has acquired substantially all of the assets of Cool Polymers, based in North Kingstown, Rhode Island. The acquisition will acce...
Naphtha crack in Asia inched up by about 2% to a three-session high of US$68.8/ton amid increased demand and healthy supplies, as per Reuters. South Korea's Lotte Chemical returned to t...
After completion of a major maintenance turnaround, Brazil's Braskem has restarted its Sao Paulo steam cracker, as per a company spokesperson in Platts. The shutdown was a planned mainte...
About a month ago, the West Bengal government decided to hand over management control to The Chatterjee Group (TCG), but there is no sign of restarting the plant, which is cash-starved, a...
Polymer prices in the Middle East are likely to come under pressure towards the end of the year, with new supply hitting the markets from Borouge’s third phase of expansion (Borouge 3) in...
The European PP market has been holding steady so far this month amid shaping expectations for November, as per ChemOrbis. Some players expect to see visible reductions considering the b...
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