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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
Haldia Petrochemicals Ltd (HPL) has incurred a loss of Rs 247 crore in the first quarter. As a persistent downtrend continues in polypropylene and ethylene prices, HPL plans to keep away ...
The prompt European naphtha market nudged back into backwardation on Tuesday despite reports of steam cracker shutdowns in Asia and a finely balanced European market, as per Platts. The E...
Asia's physical timespreads remained negative after nearly a month as cracker outages and expectations of high spot supplies weighed on prices, as per Reuters. South Korea's Samsung Tot...
Italy’s PS market has been under renewed downward pressure from lower styrene costs, as Europe’s July styrene contracts settle fully with an average decrease of €95/ton from June followin...
Benzene prices in Asia rose for the second consecutive day as a firmer downstream styrene monomer market offset an upstream fall in crude futures. As per Platts, FOB Korea price rose by f...
UOP LLC, a Honeywell company, announced that China's Wison (Nanjing) Clean Energy Company Ltd. has selected UOP technology to convert methanol into building blocks for chemical products a...
Burel Industries has selected UNIPOL™ Polypropylene Process Technology by Dow Chemical Company for its new 250,000 tpa polypropylene facility at Gebang Industrial Park in Kuantan, Malaysi...
With climate change causing increasingly severe weather conditions worldwide, the demands on the construction industry are growing. Roofing membranes have to be able to withstand heavy ra...
Four major subsidiaries of Formosa Plastics Group, posted slumps in revenue last month because of the ordered closure of their petrochemical plants and monetary tightening measures in Chi...
The Brunei Economic Development Board (BEDB) announced that His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam has consented to the establishment of a US$2.5 bln oil refinery...
The Central Board of Excise and Customs has issued a notification exempting Haldia Petrochemicals Ltd (HPL) from 5% import duty on naphtha with effect from July 1. As a result, HPL will s...
Globally, spot propylene prices are facing downward pressure over the past week as sluggish demand and lower July contract settlements largely negated the effects of the recent up-tick in...
With 27% of Middle East’s total production, Iran is the region’s second largest producer of petrochemicals, after Saudi Arabia. Qatar with 9% and Kuwait and Oman (each by 5%) are third an...
UOP LLC, a Honeywell company, has been selected by the Abu Dhabi Oil Refining Co. (Takreer) to provide key technology for a new petrochemical production unit in the United Arab Emirates. ...
CPC Corp. shut a naphtha cracker at Kaohsiung, because of reduced ethylene demand from customers who are experiencing output disruptions, as per Bloomberg. The state-owned refiner’s No. 4...
JG Summit plans to export about a third of its polyethylene production when its naphtha cracker comes onstream in 2013. As per Manila Standard, the plant is to expand its annual PE produc...
At their latest annual General Assembly, the members of the European association for Single ply Waterproofing membranes (ESWA) expressed their deep concern about the dramatic increase of ...
Middle Eastern producers started to pronounce new July sell ideas in Egypt’s PP and PE markets at the beginning of last week. Towards the end the week, actual offer levels that surfaced a...
AMEC, the international engineering and project management company, has been appointed by BASF Polyurethane (Chongqing) Company Limited and Chongqing Chemical and Pharmaceutical (Group) H...
Demand from the petrochemicals sector for European naphtha weakened at the end of last week, as end-users are well covered until August amid a falloff in buying further downstream, as per...
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