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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 plans to invest over 1 billion euros at its Belgian refining and petrochemical complex to boost its diesel-making capacity and create cost-cutting synergies, as per Reuters. This in...
The United Arab Emirates sheikhdom of Fujairah, an oil storage and trading hub on the Indian Ocean, is exploring for crude and may seek investors for a petrochemicals plant, as per Bloomb...
South Korea's YNCC bought 75,000 tons of naphtha at about US$10.50/ton above Japan quotes on a cost-and-freight (C&F) basis, the same as what rival Honam Petrochemical paid for naphtha la...
United States, Britain, France and Germany moved to apply more restrictions and sanctions on Iran over its controversial nuclear program, This has pushed up crude prices rose in Asia - Ne...
Naphtha price in Asia has risen to a three-session high of US$948.50/ton on Monday while margins reached their highest in about 10 days to US$123.50/ton on North Asian demand, as per Reut...
Changes in consumer preferences, rising petrochemical costs and increasing government regulation have caused consumer products companies to look for alternatives to plastic-based packagin...
The Middle East is exposed to economic instability due to the increased dependence on the oil sector and it has been continuously trying to diversify its sources of income by developing d...
Bharat Petroleum Corporation (BPCL), which is setting up its first propylene unit in Kochi, said it was ready to offer 51% stake in the Rs 6,000 crore project to its Korean joint venture ...
INVISTA Performance Technologies (IPT) and Hengli Petrochemical (Dalian) Co, Ltd celebrated the successful start-up of the first phase of Hengli’s purified terephthalic acid (PTA) project...
Naphtha prices in Asia ended the previous week at US$943.50/ton while margins hit a four-session high of US$114.9/ton on lower shipments from Europe, as per Reuters. Over 350,000 tons of ...
Global PE markets have been on a firm trend for almost three months on the back of higher costs and supply issues, as per ChemOrbis. However, energy markets witnessed a sudden, sharp decl...
UOP LLC, a Honeywell company, announced that China’s Jiutai Energy (Zhungeer) Co. Ltd. has licensed Honeywell’s UOP methanol-to-olefins (MTO) technology to convert methanol from coal into...
Naphtha price in Asia fell for the fourth straight day on Thursday to tank to a 1-1/2 month low of US$915/ton amid margins that slid to a two-session low of US$107.93/ton on ample supplie...
European linear low density polyethylene and LDPE spot prices fell for the first time in two and a half months this week due to destocking, as per industry sources in Platts. LLDPE and LD...
Exxon Mobil Corporation has announced an agreement that will significantly increase its production acreage in the prolific Bakken oil shale region in the U.S. states of North Dakota and M...
Oil prices saw a marginal dip on Thursday amid linp global macroeconomic data. Oil on the Nymex for October delivery fell 0.1%, to US$91.8. Some recovery was seen as Philadelphia Federa...
Qatar Petroleum plans to finance projects to the tune of US$10-13 bln in 2014, as reported by Bloomberg. The projects are likely to include two petrochemical plants and an aromatics compl...
Players in Southeast Asia report that PET prices have posted significant increases this week in line with the sizable increases posted on major feedstock prices since the start of Septemb...
IDBI Bank has issued a notice to Haldia Petrochemicals asking it to convert a part of its loan into equity, citing a breach in the conditions of the corporate debt restructuring (CDR) pac...
Indian Oil Corp (IOC) has sold another 38,000-48,000 tons of naphtha for October lifting, tripling its monthly exports so far to 108,000-123,000 tons from September, as per traders report...
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