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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
Asia’s naphtha crack spread widened from the lowest in four days, signaling higher profit for refiners making the petrochemical feedstock, as per Bloomberg. Japan naphtha’s premium to Lon...
Saudi Aramco Asia Company Limited (SAAC), a subsidiary of Saudi Aramco, and PT Pertamina (Persero) signed a Memorandum of Understanding to jointly evaluate the economic feasibility of bui...
Despite gains in crude oil prices, benzene prices in Asia fell by five dollars day on day on February 23 to US$1194.50/mt FOB Korea, in light trade. Front month ICE Brent crude futures ro...
To usher in what promises to be a resurgent NPE exposition, SPI: The Plastics Industry Trade Association has organized NPE2012 “Super Sunday,” a day full of networking opportunities, soci...
It is now possible to produce plastics without the use of petroleum, thanks to a new type of catalyst enabling efficient conversion to key components of various products including plastic...
After ONGC, India's Hindustan Petroleum Corp Ltd (HPCL) is now offering more March naphtha volumes from Mumbai in view of the strong market, as per Reuters. Usually, HPCL sells two cargoe...
SK Group has inked a deal to be part of a project to build a major petrochemical complex in China with Sinopec and British Petroleum, with production facilities for butanediol, acetic aci...
In a bid to gain better access to raw materials and technologies, Taiwan’s state-run oil refiner CPC Corp. will enter into a strategic alliance with Japan's Mitsubishi Corp. Hwang Dang-hs...
Asia is beginning to see the bullish sentiment weaken. However, local markets in Thailand continue to retain their firm stance as PP and PE prices move higher, as per ChemOrbis. Many conv...
Asia's naphtha price continued near a 10-month high, on Wednesday, while cracks recovered to a five-session high on firm demand, as per Reuters. Asia's No. 1 naphtha buyer Formosa, seek...
Taiwan's Formosa Petrochemical Corp aims to restart in April, a residue desulphurizer (RDS) unit that was destroyed by a 2010 fire. Restart of the unit with capacity of around 80,000 bpd ...
Despite rising international pressure, Iran has managed to expand export markets for its petrochemical products, as per Tehran times. Abdolhossein Bayat was quoted by Mehr news agency as ...
South Korean polypropylene offers to Peru saw a US$40/mt hike in the week, rising to US$1650/mt CFR for homo-polymer and US$1700/mt CFR for co-polymer, as per Platts. Prices continue to...
Reliance Industries has announced a joint venture with Russian petrochemicals giant Sibur for production of butyl rubber in Jamnagar, Gujarat, with a combined investment of US$450 mln (Rs...
LG Chem has likely bought 2 H1-April naphtha cargoes at premiums of US$23.50-24/ton to Japan quotes on a cost-and-freight (C&F) basis. This is a more than 17% increase compared to a previ...
State-owned Indian Oil Corp. has offered a rare volume of 38,000-40,000 tons naphtha for loading from Dahej on India's West Coast via a spot sell tender, as per Platts. Typically, IOC off...
New York's main contract, light sweet crude for delivery in March rose to almost US$105, Brent North Sea crude for April delivery inched past US$120. Oil prices surged on news of eurozone...
The Power Miser systems only call for the machine to pump for as much oil that is needed to run the cycle. Therefore the machine is saving oil and energy. Fixed pump IMMs are about 40-6...
Incredible India, one of the fastest growing economies is pushing efforts to improve the supply of food and other consumer goods which in turn are main drivers within the packaging indust...
Milacron Plastics Technologies, a U.S.-based, worldwide supplier of plastics-processing technologies, recently expanded the production of its Magna Servo injection molding machines from I...
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