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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
PTT Global Chemical Pcl (PTTGC)- Thailand's largest petrochemical maker, plans to invest US$11 bln by 2020 to expand capacity and focus on high-margin specialties and green products. This...
After crude oil futures on the Nymex plunged to US$77 per barrel in the last working days of June, they rebounded in the following days, climbing up by more than ten barrels to above US$8...
The Cabinet Committee on Economic Affairs has given a nod of approval to the proposal of the Government of Tamil Nadu to set up a Petroleum Chemicals and Petrochemicals Investment Region ...
Linde Philippines Inc., a member of The Linde Group, has been awarded a contract by JG Summit Petrochemicals Corporation to install and operate nitrogen and hydrogen on-site plants to sup...
Naphtha prices in Asia were at a month high on Wednesday, but margins, after surging 18% to a month high the previous day, came under pressure from this week's rise in Brent crude prices ...
A fire gas resulted in shutdown of Bangchak Petroleum's 120,000 bpd refinery in Bangkok. However, this is expected to have little impact on the Asian markets. The company's vice president...
Saudi Aramco has completed July naphtha spot sales - having sold up to 600,000 tons. The cargoes, to be lifted from various ports including Rabigh, Jeddah and Ras Tanura, were sold to 6-7...
Formosa Petrochemical plans to start the No. 3 naphtha cracker on July 6, while the No. 2 cracker resumed production June 29. Formosa Petrochemical halted its No. 2 and No. 3 naphtha crac...
Units of Formosa Group-Formosa Petrochemical Corp. and Formosa Chemicals & Fibre Corp. have both posted unexpected Q2-2012 losses after a drop in oil and chemical prices drove down their ...
Thailand's IRPC has raised utilization rates at its sole 360,000 tpa naphtha cracker to 90% of its capacity on improved petrochemical margins, as per Reuters. IRPC had maintained run rate...
Technip has awarded by Reliance Industries Limited (RIL) a license, supply of basic engineering package and an engineering and procurement services contract for the Refinery Off-Gas Crack...
Mitsui Chemicals, Inc. (MCI) and China Petroleum & Chemical Corp. (Sinopec) have announced formation of a new equal partnership joint venture company, Shanghai Sinopec Mitsui Elastomers, ...
The settlement of the monthly propylene contract with a €170/ton decrease in Europe has intensified the downward trend in place in Italy’s PP market for two and a half months. Sellers are...
India's Essar Oil has offered 25,000 tons of naphtha for July 29 to Aug. 2 loading from the port of Vadinar in Gujarat, as per Reuters. Recently the company sold 18,000 tons for the H1-Ju...
Asian benzene prices rose by five dollars day on day to US$1076.50/mt FOB Korea on July 3, on the back of short-covering activity amid rising crude oil prices, as per Platts. "The market ...
One of the promoters of Haldia Petrochemicals Ltd- The Chatterjee Group (TCG), is likely to legally challenge last month’s appointment of Sumantra Chowdhury, as HPL’s managing director. A...
Supported by demand, naphtha price and margins in Asia are at a month high of US$794/ton and US$60.35/ton premium respectively, as per Reuters. Demand for naphtha feedstock is improving a...
CPC Corp. has shut its No. 4 naphtha cracker at Kaohsiung for at least seven days of maintenance work, as per Bloomberg. The cracker has capacity to produce 385,000 tpa of ethylene. CPC’s...
A meeting of Haldia Petrochemicals Ltd (HPL) management with its lenders has failed. This meeting was held with an aim to get Rs.10 bln as working capital for the cash-strapped company, a...
Naphtha margins in Asia have eased by 5% to reach a three-session low of US$51.10/ton premium on Monday as demand uncertainties knocked off traders' confidence, as per Reuters. South ...
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