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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
The legislature held a public hearing to discuss whether laws should be amended to prevent more accidents at Formosa Plastics Corp’s sixth naphtha cracker in Mailiao Township, Yunlin Coun...
Tonen Chemical Corp. has shut its 491,000 tpa naphtha cracker in Kawasaki on Thursday due to problems, as per Reuters. Japanese oil research firm RIM Intelligence Co also said the cracker...
Oil prices have dropped below US$99 in Asia, amid signs of OPEC raising its crude production quotas at a meeting in Vienna. Oil for July delivery fell to US$98.6 on the Nymex, while in Lo...
Shutdown of Formosa Petrochemical Corp's No 1 naphtha-fed steam cracker is expected to impact Formosa Chemicals and Fibre Corp’s polypropylene operations, as per Platts. Uptil now, the h ...
Abu Dhabi National Oil Co (ADNOC) offered 75,000 tons of July spot naphtha for July 1-15 loading, while Tasweeq is expected to issue a spot tender for July volumes by end of this week, as...
The four major factors impacting global markets as per Paul Hodges for ICB are: The battle against inflation China, which is connected to the power crisis. One of the reasons why elect...
Olefin producers in Northwest Europe may start scaling back cracker run rates to avert a heavy build up of supply if deterioration in demand continues, as per Platts. This will also help ...
After a period of absence, American PVC offers have started to re-emerge in Italy and China this month as per ChemOrbis. Last month, traders in these countries were unable to import PVC f...
Equistar Chemicals- a LyondellBasell subsidiary, has signed an agreement to purchase approximately 200 miles of pipeline near Houston from BP. The pipelines and metering stations compris...
Aggressively priced PP from Asia to Latin America is compelling Latin producers to mull prices cuts. Mexican polypropylene producer Indelpro has reduced June offer prices for the domestic...
US spot ethylene prices have risen due to an unplanned cracker outage in the US Gulf Coast as per Platts. Williams' 1.2 bln lbs ethylene unit in Geismar, Louisiana is down, prompting June...
Shell Global Solutions, the technology arm of Royal Dutch Shell plc, and CRI/Criterion Marketing Asia Pacific Pte Ltd are stepping up efforts to offer collaborative licensing technologies...
After an influx of competitive non-European offers seen in Italy’s local PP market for the last few months, several players in the country reported that European PP is currently trading a...
Azerbaijan's state oil company SOCAR is to invest over US$6 bln in a new refinery and sea port for Turkish petrochemicals company Petkim, as per news.az. SOCAR holds the majority of share...
The Dow Chemical Co., through its wholly owned subsidiary Dow Europe GmbH, and Aksa Akrilik Kimya Sanayii A.S. (Aksa), has announced a Memorandum of Understanding (MOU) with the intent to...
World number one oil and gas company- Exxon Mobil Corp. has seen robust growth of its chemical business. The production and sales of plastics and other chemicals accounted for US$4.9 bln ...
PKN Orlen has launched Europe’s most advanced petrochemical complex for paraxylene and terephthalic acid production (PX/PTA). The new complex, which is Poland's first and the most efficie...
Russia is expected to build upto 10 complexes to produce ethylene, each with a 1 mln tpa capacity by 2030. The country is hoping to increase capacity to 13 mln tons, up from the current 2...
As a part of Non-Agriculture Market Access Negotiations (NAMA), WTO members (which includes India), have agreed to reduce bound tariffs based on a non - linear Swiss Formula. What this in...
Iran's first petrochemical center will be launched in East Europe. Iran will create new capacities in this part to store and distribute petrochemical products, as per Mehr News Agency. Cu...
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