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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
Sinopec Group plans to invest US$3.3 bln (21 billion yuan) in a joint venture project in Henan province by the end of 2011 to further tap into the coal-to-chemical sector. Sinopec Group ...
Oil prices dropped after the US Energy Information Administration reported that oil supplies increased last week by 1.3 mln barrels, and petrol supplies grew more than expected by 5.1 mln...
The east-west spreads for naphtha - the differential between CFR Japan swaps and Northwest Europe swaps, bolstered to peak to seven-month high as demand in Europe weakened, as per Reuter...
The Bengal government plans to put up for auction its entire stake in Haldia Petrochemicals Ltd (HPL), as per telegraphindia. The state government holds 67.5 crore shares in HPL, which ...
SABIC’s Innovative Plastics business announced a new, high-performance Lexan* EXL copolymer resin that addresses the fast-moving trend toward miniaturization of photovoltaic (PV) connecto...
In China, the domestic PET market stabilized last week, while export offers also followed a steady trend supported by crude oil prices which crossed the US$100/barrel threshold, as per C...
After three consecutive months of decreases, local PP market in Italy has started to stabilize in December, with many European suppliers holding onto their prices this month, as per ChemO...
French energy company Total is on the verge of signing a contract with the Egyptian Petrochemicals Holding Company to establish a US$3 bln plant for the production of olefins by steam cra...
Lummus Technology, a CB&I company, has been awarded a contract by CJSC Vostochnaya Neftechimicheskaya (VNHK), a subsidiary of OJSC Rosneft, for the license and basic engineering of a naph...
An unexpected power cut in South Korea's southeastern oil and petrochemical hub of Ulsan has hit the refining and petrochemical plants of the country's largest crude refiner, SK Energy, p...
Increasing environmental awareness on the part of product manufacturers and the desire to reduce dependency on oil are the leading drivers behind the $2.4 billion global market for bioren...
Clariant has announced the next stage in its on-going capacity expansion program for Exolit® OP non-halogenated flame retardants, with the addition of a third production unit at its site ...
South African energy and chemicals company Sasol has announced approval of a feasibility study for a world scale ethylene cracker and derivatives complex. The study is focused on opportun...
Naphtha cracks in Asia rose to their highest level in over 6 weeks, while backwardation widened by a dollar on hopes that a cut in cracker operating rates in Japan will tighten petrochemi...
Qatar Petroleum and Shell have inked an agreement to build a petrochemical complex in Qatra at an investment outlay of US$6.4 bln. Qatar Petroleum will hold an 80% equity interest in the...
Polyethylene demand in the Brazilian domestic market was 8% higher in November from October, as per Platts. "Historically, October is always better than November, but this year, the opp...
Pakistan exported a total of US$270 mln worth of naphtha to Japan in 2010. However, this naphtha was not sent directly to Japan as Pakistan lacks naphtha processing or cracking facility. ...
Spot ethylene prices posted significant gains in Asia over the past week, with players citing limited supply issues as the primary factor supporting prices, as per ChemOrbis. Limited sup...
BASF is building its first plant outside Germany for the high-temperature polymer PESU (Ultrason). Production of the 6,000 tpa unit to be located in S Korea, will begin in early 2014. Cur...
Slovnaft, the Slovakian unit of Hungarian oil and gas company Mol, is planning to invest €300 mln (US$404 mln) to replace a production unit at its Bratislava refinery in southwest Slovaki...
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