Press Releases

Plastics News | New Plastic

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

Polymer imports down in Italy in April 2011

According to recent statistics revealed by Eurostat, Italy’s plastics imports in April 2011 dropped on a monthly and yearly basis, as per ChemOrbis. The country’s total polymer imports, w...

20-Jul-11

Heavy rains force Kumho P&B Chemicals to cut runs at two solvent lines

South Korea has seen record high rains this season. Uptil July 13, the Korea Meteorological Administration reported about 563 ml rainfall since the start of the season on June 22, about 2...

20-Jul-11

60% run rates at Dalian Petrochemical’s downstream facilities of its 10 mln tpa CDU post-fire

Dalian Petrochemical, a subsidiary of PetroChina, is running the downstream facilities of its 10 mln tpa crude distillation unit (CDU) in Dalian at reduced rates of about 60% after a fire...

20-Jul-11

Uflex commissions AL-OX coater for Packaging films and CPP film line in Egypt

Uflex Ltd., India’s largest flexible packaging manufacturer has commissioned an AL-OX coater for Packaging films at its Egypt plant in 6th of October City, near Cairo. With this, UFLEX jo...

20-Jul-11

China’s Henan Province to have world’s largest coal to ethylene glycol base

Henan Province has inked a cooperation agreement on a coal to ethylene glycol project with China National Chemical Engineering Group Corp to build the world largest coal to ethylene glyco...

20-Jul-11

China's annual PE demand to grow by 8-9% in 2011 down from 19% in 2010

China's annual PE demand is expected to grow by 8-9% in 2011 down from 19% in 2010, but new capacity will reduce imports by up to 14% from the 7.4 mln tons imported in 2009, a sper a repo...

20-Jul-11

Sinopec and Exxon Mobil to jointly assess shale-gas potential in Sichuan

In its bid for unconventional sources of energy, Sinopec Group and ExxonMobil plan to jointly assess shale-gas potential in the province of Sichuan. Sinopec Group (unit of China Petrochem...

20-Jul-11

Exxon Mobil to delay commissioning of 1 mln tpa ethylene cracker at Singapore

Exxon Mobil Corp plans to delay commissioning of a 1 million tpa ethylene cracker at its Singapore petrochemical plant, as per Reuters. The cracker will start in 2012 instead of H2-2011 t...

20-Jul-11

Supreme Petrochem reports Net profit of 87.69 crores for the year

India’s largest polystyrene manufacturer - Supreme Petrochem Ltd (SPL) has reported a Net profit of 87.69 crores for the year ended June 30, 2011, as compared to 60.47 crores for 2010. Ne...

20-Jul-11

Foster Wheeler subsidiary inks MOU to form jointly-owned company with SOCAR

Foster Wheeler AG subsidiary of its Global Engineering and Construction Group has signed a Memorandum of Understanding (MoU) to cooperate to form a jointly-owned company with The State Oi...

19-Jul-11

Praxair inks deal to supply nitrogen and oxygen to Braskem’s expanded PVC unit in Alagoas

Praxair Inc.’s Brazilian arm-White Martin, recently signed a gas supply contract with Braskem, the largest petrochemical company in the Americas and the world’s largest biopolymers produc...

19-Jul-11

Indian petrochem industry shows no sign of slowing down, could face capacity constraints over medium-term

The Indian petrochemicals industry shows no sign of slowing down, although it could come up against capacity constraints over the medium-term, according to BMI's latest India Petrochemica...

19-Jul-11

SABIC Q2-2011 profits surge 61%

World Number 1 petrochem maker- Saudi Basic Industries Corp. (SABIC), has seen a 61% surge in second-quarter profits, because of higher prices for its products. Net income jumped to SR 8....

19-Jul-11

Spot naphtha premiums in NWE supported by buoyant blending demand

Spot naphtha premiums in Northwest Europe firmed by over US$5/mt last week, supported by a dearth of prompt cargoes stemming from recent demand into the gasoline blending pool, as per Pla...

19-Jul-11

Higher costs, limited availability push up PP prices in SE Asia

Spot PP prices in Southeast Asia have moved higher over the past week along with rising upstream costs and limited regional availability as per ChemOrbis. The market is expecting to rece...

19-Jul-11

Asian naphtha prices rebound from a three-session low to reach week highs

Naphtha prices in Asia have rebounded from a three-session low to reach a week's high on Monday. Naphtha cracks rose to a 1-1/2 month high, although they are still 17% below this year's ...

19-Jul-11

Honam Petrochem buys 50,000 tons naphtha for H2-August at a lower price

Honam Petrochemical bought 50,000 tons of naphtha for H2-August at a lower price, of minus US$3.50/ton Japan spot quotes on a cost-and-freight (C&F) basis for two cargoes to be delivered ...

19-Jul-11

Crude price reacts to news of European banks passing stress tests

Oil prices reacted to news of European banks passing closely-watched stress tests amid concerns over the US government's debt problems. New York's main contract, light sweet crude for del...

19-Jul-11

German chemical industry heading for a record year

German chemical industry is heading for a record year, as per latest half yearly reports of VCI. The industry's production and sales will set a new high in 2011, as predicted by German Ch...

19-Jul-11

Yunlin County Government rejects applications by Nan Ya to resume production at two plants

The Yunlin County Government yesterday rejected applications by Nan Ya Plastics Corp to resume production at two factories in its compound in Haifeng, Mailiao Township, although it gave t...

18-Jul-11