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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
Supreme Petrochem’s net profit surged to Rs. 29.57 crore in Q3 March 2011 on 24.2% rise in net sales to Rs. 511.75 crore. Net profits surged by 49.6% in Q3 March 2011 as compared to the s...
Formosa Plastics plans to invest US$2.1 bln to expand existing facilities in the United States. The plan will see the annual ethylene capacity at its unit in Point Comfort, Texas, increas...
Players in global markets are reporting numerous Iranian PE offers this month in Italy, Turkey, China and even in Egypt, where Iranian LDPE film offers were more heavily reported in April...
The Punjab Government has decided to strictly implement ‘The Punjab Plastic Bags (Manufacture, Usage and Disposal) Control Act’, prohibiting the manufacture, disposal and usage of polythe...
As it seeks expansion and revenue growth in Asia, Honam Petrochemical Corp. has planned to buy out minority shareholders in subsidiary KP Chemical Corp. this year. KP Chemical, which is 5...
Saudi Basic Industries Corp. (SABIC) plans to start a naphtha cracker at its Geleen plant in the Netherlands after planned maintenance that began on March 11. The Geleen site has an annua...
Asia's naphtha fell from a 32 month high on Friday, while cracks were firm at about a month's high on strong sentiment due to short covering in the East and healthy demand in the West, as...
European naphtha cargo premiums surged by almost US$12/b amid a lack of offers in the prompt market, according Platts data. The premium for 12,500 mt naphtha cargoes over May swaps was as...
Georgia Gulf has declared force majeure on PVC (polyvinyl chloride) shipments on feedstock issues. The company faces problems of reduced ethylene supply triggered by a force majeure decla...
Reliance Industries Ltd (RIL) has begun implementation of a world scale polyester project in Gujarat. The Indian petrochem giant plans to set up a 2.3 mln ton purified terephthalic acid (...
In Asia, Polyethylene deals were reported with rollovers to decreases from producers’ initial offer levels as stronger upstream costs failed to generate sustainable increases in the regio...
Royal Dutch Shell’s ethylene plant at Pulau Bukom in Singapore is not anticipated to start before mid-May. Shell had declared a force majeure due to an unplanned operational problem issue...
Naphtha prices in Asia have recovered to a 32 month high, while cracks are at their highest in about a month as a positive demand outlook continues to boost sentiment, as per Reuters. Tai...
International Petroleum Investment Company (IPIC) is seeking to bring Nova Chemicals to Abu Dhabi, as it switches focus to the domestic petrochemical industry. Abu Dhabi is embarking on a...
Demand for engineered plastics such as Polybutylene Terephthalate (PBT) is largely dependent on the growth trends in key end use industries including automotive, electrical and electronic...
China National Offshore Oil Corporation (CNOOC) plans to start work on a 1 mln tpa naphtha-fed steam cracker in Huizhou, Guangzhou province, by end of 2013-early 2014, as per Platts. Capa...
The BPF’s Recycling Group (BPFRG) has signalled major concerns over the growing shortage of usable plastics waste which it can access and has questioned the wisdom of exporting used plast...
Georgia Gulf, due to reduced ethylene supply and reduced operating rates for chlorine at its production facility in Plaquemine, La., has declared a force majeure for PVC (polyvinyl chlori...
Arkema has successfully brought on stream its new Kynar PVDF production fluorinated polymer plant at Changshu site in China. With this additional capacity, Arkema now boasts significant V...
Saudi Industrial Investment Group (SIIG) plans to merge with its unit National Petrochemical Co (Petrochem) and also to build a US$1.2 bln petrochem complex in 2012. Currently, SIIG owns ...
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