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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
Total Petrochemical USA, Inc. will pay a fine of US$8.75 ln to the Department of Justice for the Port Arthur refinery’s violations of the Consent Decree signed with the Environmental Prot...
A consortium of Petrofac (Great Britain), Linde AG (Germany), and GS Engineering & Construction Corporation (South Korea) will build a US$3.7 bln petrochemical plant in Kazakhstan’s Tengi...
Qatar Petroleum has selected two banks to help arrange an initial public offer of shares in one of its units, an issue which could be worth around 3.2 billion riyals (US$880 million), as...
Evonik aims to reduce administrative costs by 250 million euros pa (US$338 mln) from 2016, becoming the latest European chemicals maker to announce cutbacks. The German manufacturer of fe...
Spot ethylene prices moved up in Asia this week despite weaker upstream markets, as per ChemOrbis. Crude oil futures on the Nymex declined 3.3% last week, posting the biggest five-day dro...
At K 2013, BEKUM Maschinenfabriken GmbH is premiering its fully-electric version of the current 7th generation blow moulding machines with a clamping force of 150 kN. This exhibit, a two-...
UPA Chairperson and Congress President Sonia Gandhi has laid the foundation stone of the Rs 37,230-crore refinery and petrochemical complex in Rajasthan. Hindustan Petroleum Corp (HPCL) a...
Ineos’ Grangemouth plant is likely to be shut down in the next three years if it continues losing over £100 million every year, as per Ineos chairman of Olefins and Polymers Europe, in Th...
Chandra Asri Petrochemical Tbk has signed cooperation contract of Engineering, Procurement, and Construction (EPC) for the construction of production facility of the Company’s Naphtha Cra...
South Korea’s LG Petrochem has quit a petrochem JV for Kochi plant with Bharat Petroleum. After signing the MoU with BPCL in July 2012, LG Chem has not confirmed its participation in the ...
Indian Oil Corp has announced changes in domestic polymer prices with effect from September 20, 2013, as follows: HD Hi flow/LL: Rs (-) 1000/MT PP Raffia/F&F: Rs (-) 3000/MT Other ...
In Asia, export prices out of China and South Korea saw decreases of US$10-20/ton during the past week, due to the unbalanced supply and demand dynamics, as per ChemOrbis. Meanwhile, loca...
Petrofac Ltd has won a deal to provide KPLE LLP with services for its petrochemicals complex and infrastructure project in Kazakhstan as part of a consortium with Germany's Linde AG and G...
Lotte Chemical Titan is seeking up to 120,000 tons of full-range naphtha for October 2013 to September 2014 arrival at Pasir Gudang as one of its existing contracts expires this month, as...
By 2023, nearly half of the world’s ethylene will be produced from ethane and LPG, at the expense of naphtha, according to ESAI Energy. The shift in the global ethylene feedstock slate is...
European low density polyethylene spot prices have come under pressure as converters step out of the market amid faltering end-user demand that could see stocks last longer than expected,...
The value of the global medical polymer market is set to rise by more than half in the next five years, boosted by an ageing population and developing markets, as per NanoMarkets. The mar...
Sistema JSFC has acquired 98% stake (resulting in effective ownership of 100%) in OJSC United Petrochemical Company from the Group's subsidiary JSOC Bashneft ("Bashneft") for RUB 6.2 bill...
After several years of negligible increases in bi-oriented polypropylene (BOPP) film usage in Western Europe, leading speciality films consultancy PCI Films Consulting Ltd, predicts a ret...
Sasol is seeking project finance and loans, and may also sell bonds in the US, to fund a petrochemical plant in Louisiana. Sasol needs to raise US$5-7 bln to build a 1.5 mln tpa cracker n...
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