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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
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...
An outbreak of short covering has lifted price of Northwest European benzene price by around US$40/mt, as per Platts. The market ignored a fall in the Asian market and stable European nap...
Asia's physical naphtha prompt timespread flipped into backwardation on Friday, buoyed by the prospect of tighter supply as some Middle East cargoes head for Europe, as per Reuters. At le...
Taiwan’s businesses have called for the government to lift its ban on Taiwanese investment in naphtha crackers in China. There is an increasing pressure on the government to lift the ban ...
The European propylene market is coming under intense downward pressure from lower-than-expected demand, as per ICIS. This is caused by technical problems at certain derivatives exacerbat...
Spot styrene costs are escalating in Asia and Europe, pulling up PS prices, as per ChemOrbis. In China, PS prices have been recording regular weekly increases for some time, while in Euro...
The global biodegradable polymer market is estimated at 932 mln lbs in 2011 and is expected to increase at a 22% compound annual growth rate to reach 2.5 bln lbs in 2016, as per companies...
Japan's naphtha imports for the petrochemical sector fell by 11% in June 2011 vs June 2010, as per Reuters. Imports of naphtha for ethylene production amounted to 1,713,009 kilolitres (1,...
September Brent crude contract has risen by over a dollar to US$110 per barrel. The Department of Energy has reported a much larger-than-expected draw in crude oil inventories for the wee...
BASF will significantly expand its presence in the Middle East region by building a 16,000 tpa plant for antioxidant blends (CSB) in Bahrain. CSBs are key additives for the production of ...
Southeast Asian PE producers announced initial August prices for LDPE film and HDPE film to their regional markets with increases in the latter part of this week, feeding speculation that...
By 2013, Braskem will have yet another alternative feedstock source besides sugarcane ethanol. The company will begin using naphtha made from post-consumption recycled plastic, to be supp...
Asia's naphtha dipped to a two-session low on Thursday, while cracks hovered around a two-month high supported by firm demand from the West, as per Reuters. At least 140,000 tons of Gulf ...
The Andhra Pradesh Chief Minister has sought speedy implementation of the naphtha cracker at the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) in the coastal region of...
Russian petrochemicals manufacturer Nizhnekamskneftekhim (NKNH) will resume plans to build a new ethylene production complex, with capacity of 1 mln tpa, at an investment of US$3 bln (€2....
Shell Chemicals plans to extend the August shutdown of its naphtha-fed steam cracker at Pulau Bukom, Singapore, to 40-45 days from around 30 days, as per Platts. The steam cracker, with c...
In the past few days, sellers sentiment has begun to firm up in Italy’s local PE market as per ChemOrbis. Following the earlier price cuts, some traders in Italy are now up-revising price...
Governor of Rayong has forcibly shut down the APEX Petrochemical factory in Map Ta Phut industrial zone and declared the surrounding area as a dangerous zone after leaks of a hazardous su...
The Dow Chemical Co. and Mitsui & Co. Ltd. have inked a new joint venture to build ethanol and biopolymers plants in Brazil, as per Platts. Under the agreement, Mitsui will become a 50% e...
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