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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
US-based Dow Chemical has agreed to sell its polypropylene (PP) business for US$340 million to Braskem, catapulting Dow into number one PP maker position in North America. The assets invo...
Hengyi Petrochemical plans to set up a 1.5 mln tpa Purified Terephthalic Acid (PTA) plant. As per Chemical Weekly, upon completion of the project in about two years’ time, the PTA product...
Middle Eastern PE suppliers have started to reveal August LDPE, HDPE and LLDPE prices to the Mediterranean markets including Turkey, Egypt and Italy this week, as per ChemOrbis. After a d...
In a bid to be meet growing demand from automobiles and consumer electronics, Korea Kumho Petrochemical Co. and its three subsidiaries plan to spend 880 bln won (US$837 mln) to scale thei...
Another fire occurred at Formosa Plastics Group’s petrochemical complex in Yunlin County. The Yunlin County government has not responded to the latest fire at the Mailiao complex. The fi...
The European Commission cleared on 26 July, under the EU Merger Regulation, the proposed acquisition of the Suspension Polyvinyl Chloride ("S-PVC") business of the Belgium-based Tessender...
US ethylene spot prices rose this week on potential demand related to scheduled cracker maintenance over the next three months, as per ICIS. Ethylene for July traded as high as 61.50 cent...
In a bid to primarily fund expansion activities at existing and new refinery projects, Hindustan Petroleum Corporation (HPCL) plans to raise US$300 mln in the second half of the current f...
PetroChina plans to delay again, startup of a planned maintenance of its 200,000 bpd Dushanzi refinery by two to three weeks to late August, as per Reuters. PetroChina had initially pla...
China’s imports of most petrochemical products continued to decline in June 2011 on restricted domestic demand, partly due to limited access to credits amid continued monetary tightenin...
Asia's naphtha price has rebounded to a two-session high, along with a recovery in cracks amid positive sentiment, as per Reuters. High stockpiles have temporarily eased due to a shut arb...
Naphtha prices remained elevated in northwest Europe due to continuing demand from the gasoline blending pool, whilst Eurobob gasoline drifted lower in thin trading, as per Reuters. Naph...
According to data revealed by the Chinese Customs Agency, China imported 1.05 mln tons of polymers in June 2011, as per ChemOrbis. China’s plastics imports in June 2011 maintained its do...
Purnendu Chatterjee of The Chatterjee Group (TCG) is in discussions with the West Bengal government for an out-of-court settlement on the motor spirit dispute, as reported by PTI. Earlier...
Oil prices dipped to hover around US$99 a barrel levels amid investor concerns that the lack of an agreement among US lawmakers to raise the country's debt limit could trigger a default a...
Chilean polypropylene producer Petroquim reported that July availability for the export market has dipped by 60% due to problems with the local refinery, as per Platts. Its 100,000 tpa po...
KNM Group Bhd and Zecon Bhd signed preliminary deals worth RM17 bln in total with Gulf Asian Petroleum Sdn Bhd (GAP) to build an integrated petrochemical complex in Teluk Ramunia, Johor, ...
Import PVC prices for August have been announced with increases in India and Southeast Asia on the strength of higher upstream costs. Demand was said to be somewhat stronger in India whe...
Dow Chemical Co. and Saudi Arabian Oil Co. plan to proceed with a US$20 bln petrochemical plant at the Saudi port of Jubail. The complex will comprise 26 manufacturing units and include a...
Rising for the third consecutive session, oil prices ended the previous week at the hundred dollar mark, benefiting from improved risk appetite following the latest bail-out plan for Gree...
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