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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
Formosa Chemicals & Fibre Corp plans to sell about 2% of its stake in Formosa Petrochemical- a maximum of 51.6 million shares of affiliate Formosa Petrochemical Corp by the end of Q2-2014...
Qatar Petroleum plans to raise 3.2 billion riyals (US$879 mln) in the initial public offering of a new petrochemicals subsidiary. QP expects to start selling a 26% stake in Mesaieed Petro...
Crude oil prices will fall next year as higher production and subdued demand growth offset tensions in the Middle East and North Africa, as per Reuters poll. The shale boom in the United ...
In a bid to widen energy ties, Venezuela and India have agreed to build a naphtha production unit in Venezuela, as per Reuters. No details have been revealed about the deal or the size of...
Indonesia’s largest petrochemicals company-Chandra Asri Petrochemical, has allocated US$965 mln over the next two years for three projects to expand facilities and boost production, as pe...
Almost the entire workforce of 1,350 employees at Ineos’s Grangemouth refinery and petrochemical plant in Scotland has signed up to the company’s new pension plan and accepted new terms a...
Naphtha margin in Asia rose for the second session, peaking to a near 10 month high of US$164.65/ton amid brisk demand and tight supply, as per Reuters. News that Reliance has shut, for...
The Federal Reserve announced it would cut its stimulus by US$10 billion to US$75 billion a month from January. New York's main contract, West Texas Intermediate (WTI) for January deliver...
Singapore-headquartered Concord Energy has signed a term deal with Qatar's Tasweeq for the first time to lift naphtha in 2014, as per sources in Reuters. The trading firm, which also deal...
Axiall Corporation has selected the state of Louisiana as the location of a possible world-scale ethylene cracker to be built in conjunction with a related derivatives plant. Axiall propo...
Technip has been awarded by CNOOC Oil & Petrochemicals Company Ltd., a contract to supply its proprietary ethylene technology and process design package for a grassroots 1,000 KTA ethylen...
The global petrochemicals market was valued at US$472.06 bln in 2011 and is expected to reach US$791.05 billion by 2018, growing at a CAGR of 6.7% from 2012 to 2018, as per Transparency ...
Reliance has announced polymer price revisions with effect from 19th December 2013 as follows: · Increase in Prices of all HDPE & LLDPE grades by Rs.1000/MT except LL20FS010 whe...
South Korea's leading polyethylene and polyvinyl chloride producer Hanwha Chemical Corp. has signed a letter of intent (LOI) to build a petrochemical plant in Iraq, as per Yonhap. Under t...
NOVA Chemicals plans to increase ethylene production capacity at its Corunna, Ontario, cracker by 20% during 2014-2018. Prior to that, the company is revamping the Corunna cracker to use ...
The global ethylene market is forecast to increase slightly in the coming years, climbing from US$131.88 bln in 2012 to US$177.83 bln by 2017, at a Compound Annual Growth Rate (CAGR) of 6...
Petrochemical companies in Northwest Europe are continuing to shun propane as a feedstock, according to industry sources in Platts. Propane can be used as an alternative feedstock to naph...
SK Engineering and Construction Co., one of South Korea top builders, signed a multi-billion dollar deal to set up a large-scale petrochemical plant in Egypt, as per Yonhap. The builder s...
PetroChina's US$6 bln refinery and petrochemical complex in Southwest China will be ready for trial production in weeks, more than a year later than originally touted due to repeated dela...
Import PVC prices for January were announced with increases in Asia, as pe ChemOrbis. Sellers pointed to supply limitations and strong upstream costs as justifications for their price hik...
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