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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
Westlake Chemical Corporation plans to increase capacity of the previously announced chlor-alkali plant to be located at its vinyls manufacturing complex in Geismar , Louisiana. The chlor...
Purnendu Chatterjee, promoter-investor in Haldia Petrochemicals Ltd (HPL) is believed to have approached Mr Agarwal, who owns the US$12 bln mining and metals Vedanta group, to bail him ou...
Earnings of GCC (Gulf Cooperation Council) petrochemical companies increased 62.4% yoy to US$3.57 bln in Q3-2011, vs US$2.19 bln in Q3-2012, the Kuwait-based Global Investment House (Glob...
TOTAL through its 100% affiliate PetroFina S.A., signed today an agreement with ExxonMobil Petroleum & Chemical BVBA under which ExxonMobil is to transfer to Total its 35% shareholder int...
Naphtha margins in Asia have taken a hit as crude prices jumped by over two dollars a barrel on Wednesday. Cracks for the H1-February fell by over 8 dollars to US $110.48/ton, as per Reut...
Oman’s PET producer and sheet extruder Octal Petrochemicals is planning an expansion at an outlay of over US$200 mln. Capacity will be increased at its Salalah, Oman, production plant by ...
Gujarat State Fertiliser Corporation (GSFC) is setting up an integrated fertiliser and petrochemicals complex at Dahej, Gujarat, at an investment of Rs7,000 crore with an aim to consolida...
Crude on the Nymex rose to US$95.3 , while in London, Brent crude rose by almost two dollars to US$105.4 on the ICE Futures exchange. The increase has been triggered by gains in global st...
Naphtha discounts to Brent crude in Asia continued to shrink to US$6.27 on reduced output from refineries, which cut run rates in December and January, as per Reuters. Refiners in Singapo...
An auction will be conducted by the West Bengal Government for the sale of its stake in Haldia Petrochemicals. Co-promoter The Chatterjee Group (TCG) will be allowed to match the highest ...
Over the past week, spot ethylene prices gained ground in Asia on tighter supplies and in Europe on a weaker euro resulting from the ongoing sovereign debt crisis, as per the pricing serv...
The Houston Ship Channel reopened to waterborne traffic late Thursday, but loading activities remained suspended due to fog, as per Dow Jones. The channel, the busiest U.S. petrochemical ...
Continuous solid demand from Asia, particularly China and India, and increasing European appetite for the Middle East products will drive the region’s growth and absorb output from the ne...
Naphtha cracks in Asia continued to improve for the third consecutive session on persistent robust demand from South Korea and Taiwan, as per Reuters. Discounts on crack spreads for Janua...
Combined exports of SK Innovation, GS Caltex, S-Oil and Hyundai Oilbank has crossed 76.1 trillion won (US$64.5 bln) during the first 10 months of the year. Exports of Korea's four major r...
Saudi International Petrochemical Company (Sipchem) said that its affiliate, SMSC has acquired Aectra SA, a Swiss petrochemical trading and marketing company. Ahmad Al-Ohali, chairman of...
Continued demand from South Korea and falling crude prices are supporting the market, as per Reuters. The South Koreans are buying naphtha for crackers and also because of lower crude pri...
A district wide socio economic survey is being conducted by the Petroleum, Chemicals and Petrochemical Investment Regions (PCPIR), in preparation of the master plan of the Kakinada PCPIR....
Qatar Petrochemical Company has deferred launch date of its 310,000 tpa polyethylene 3 plant to Q2 2012 from end 2011, as per Reuters. The plant is built at an estimated QAR 2.2 bln and w...
Petrochemicals of US origin bound for the Far East Asia are expected to lose some of their price competitiveness as freight rates from US have surged US$20/mt (23%) month-on-month for 5,0...
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