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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
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...
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...
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