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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
Abu Dhabi’s International Petroleum Investment Company (IPIC) and Oman’s state oil firm Petroleum Development Oman (PDO) signed a cooperation agreement for investment projects in oil, gas...
Persistently high naphtha prices in Europe are continuing to push down demand, as per ICIS. In line with rising crude oil, naphtha peaked a 33 month high on 8 April, assessed at US$1054-...
In a bid to increase sales in the relatively stronger markets of Europe, polyethylene terephthalate producers in USA are increasingly making contact directly with European PET consumers, ...
Oil prices continued to extended gains in Asian trade as the dollar remained weak against major currencies even as economic prospects in USA improved. Light sweet crude for June delivery ...
PVC prices in Asia have continued to move higher for May in defiance of the reduced consumption in China owing to the Chinese Central Bank’s recent decision to raise reserve requirement r...
SABIC Innovative Plastics announced the newest addition to its Extem* UH family of amorphous thermoplastic polyimide (TPI) resins to meet customer requirements for design-friendly materia...
Ineos Group Holdings Plc reported an upset at the ethylene unit at its Chocolate Bayou chemical plant in Alvin, Texas, as per Bloomberg. “The olefins 1 unit experienced an upset when the ...
Sinopec Group, Asia’s biggest oil refiner, is halting fuel exports and cutting petrochemical production to boost output of gasoline and diesel for domestic use, as per Bloomberg. It has a...
The joint-venture PET recycling plant that Coca-Cola opened two years ago in Spartanburg, South Carolina, has closed, as reported by Plastics News. Neither Coke nor United Resource Recove...
LDPE and HDPE prices in Italy are tracking different paths in April, as per Chemorbis. Looking at the last couple of weeks, HDPE sellers have been standing on firmer ground as a result o...
European polypropylene (PP) buyers continue to pay record-high prices as relief from a relentless round of price increases fails to materialise, as per ICIS. The expected flood of imports...
ibur, Russia's largest petrochemical group, may hold an initial public offering (IPO) in H2-2012. The company "is currently considering options for an IPO," as per Ilya Rogol, project ma...
Japan's Maruzen Petrochemical is currently operating its aromatics plant at Ichihara, Chiba, at close to 100% of capacity, following a restart on April 9, as per Platts. The plant, which ...
Asian naphtha prices fell to a near two-week low on Tuesday, in line with Brent crude losses, while cracks dropped to a four-session low, but comparatively strong sentiment kept intermont...
Weak petrochemical margins have pushed Taiwan's Formosa Petrochemical Corp to reduce run rates at its 2.93 mln tpa naphtha cracking complex to 90-95% from full-tilt as per Reuters. Polyme...
The Dow Chemical has inked a joint development deal with OPX Biotechnologies to devise a commercial scale procedure for manufacturing of bio-based acrylic acid utilizing a fermentable sug...
German engineering firm Ferrostaal AG plans to build a petrochemical plant in West Papua at a cost of US$900 mln. “The investment is about $900 million but it can change depending on the ...
Oil prices dipped to levels near US$109 at the start of the week in Asia, as gasoline prices spiked in USA. Concerns abound that higher US gasoline prices could weaken crude demand. Gasol...
In a move that reflects strong sentiment caused by tighter-than-expected supplies, Formosa has bought around 90,000-100,000 tons of naphtha at higher premiums, as per Reuters. Formosa is ...
Propylene prices have moved to record highs in the US due to supply tightness while spot propylene prices in Europe and Asia have stagnated as a result of sluggish demand. PP producers ac...
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