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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
Asian naphtha and gasoline margins seem to be on a downward spiral for the third consecutive session on Wednesday, with the former hitting a 3-1/2 week low of US$100.95/ton on stubborn hi...
New York's main contract, West Texas Intermediate for delivery in November inched up to US$103.6 a barrel, while Brent North Sea crude for November spiked by over a dollar to US$109.8. In...
The price spread between CIF naphtha and cheaper CIF propane has narrowed on less bearish propane sentiment as well as weakening naphtha, according to industry sources in Platts. The CIF...
SOCAR, the state oil company of the central Asian nation of Azerbaijan, is planning to raise up to US$200 mln from local banks and private investors to fund its new subsidiary, SOCAR Poly...
Key issues related to plastics, such as safety, reduction of waste and sustainable chemical solutions are key innovation drivers for the Perstorp Group. Recent major strategic investments...
Southeast Asian PVC sellers have been struggling to achieve their October price increase targets in the face of resistance from buyers, according to ChemOrbis. Some sellers have already b...
As China prepares for the week long National Day holiday next week, sellers are trying to keep the market firm with October price hike targets, as per ChemOrbis. “We plan to stand firm on...
The Supreme Court has stopped the Gokongweis from constructing a perimeter fence for a petrochemical facility in Batangas province, after residents complained of possible harmful effects ...
Materials science company Novomer Inc., which specializes in biodegradable plastics and other chemicals from renewable substances, received a US$5 mln Energy Department grant to be used i...
Graham Corporation, a global business that engineers, manufactures, and sells critical equipment for the oil refining, petrochemical and power industries, and also supplies components and...
Brazilian petrochemical company Braskem is participating in the bidding to acquire the polyvinyl chloride (PVC) assets of Belgium's Solvay in South America, as per BNAMericas with referen...
YPF SA, Argentina’s largest company, and Dow Chemical Co.’s Argentine unit have signed a final accord to invest US$188 million to jointly develop shale gas at the country’s Vaca Muerta fo...
Saudi Arabia's Rabigh Refining and Petrochemical Company has restarted all units at its refining and petrochemicals complex at Rabigh and plans to get them running at full capacity by the...
Falling for the fourth consecutive day, US benchmark West Texas Intermediate for November delivery dipped to US$103.1. Interestingly, Brent North Sea oil futures for November delivery inc...
October naphtha shipments from India are expected to reach 800,000 tons, the highest so far this year, as slower domestic demand prompts refiners to focus on exports, as per Reuters. The ...
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...
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