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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
European gasoline and naphtha barge prices rose as rising oil markets pressured crack spreads, as per Reuters. Brent has surpassed US$114 amid unrest in North Africa and the Middle East, ...
Oil prices have crossed US$100 on reaction to Libyan leader Gaddafi’s strike back. Forces of Gaddafi attacked rebel strongholds in the eastern part of the country, location of several pro...
As part of its new strategy to focus on high margin materials, rather than its traditional expertise in low margin commodity plastics, Chemical giant Dow plans to house its plastics busin...
Ineos Group Holdings Plc has reported an upset with a demethanizer tower in the olefins unit 1 at its Chocolate Bayou chemical site in Alvin, Texas, as per Bloomberg. Emissions associated...
Texas Petrochemicals has filed a motion to dismiss in a lawsuit claiming its pipelines were damaged when another pipeline ruptured and started a fire. Texas Petrochemicals filed a lawsuit...
As Europe’s initial March propylene contract price was settled early this week with an additional increase of €80/ton from the February contract level, Italy’s PP market has started to wi...
Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical announced that work on their proposed elastomers project joint venture has moved fully into Front-End Engi...
Formosa Plastics Group is studying the feasibility of investing in Singapore, possibly a refinery and petrochem complex, at an estimated investment of NT$250 bln (US$10.7 bln). FPG contro...
Acetone prices in Europe are set to firm again on tightness in supply and another round of increase in the cost of feedstock propylene, as ICIS. March propylene contract price has spiked ...
According to data announced by Chinese Customs, China’s polymer imports were down slightly from December 2010 to January 2011, although the January 2011 figures are considerably higher wh...
India’s Finance minister has chosen to ignore the call of Bengal chief minister to withdraw the import duty on naphtha, dealing a body blow to Haldia Petrochemicals Ltd (HPL), the showpie...
Fina Antwerp Olefins NV, a petrochemical venture of Total SA and Exxon Mobil Corp., plans to conduct maintenance at its naphtha cracker next month, as per Bloomberg. Naphtha cracker 3 wit...
Naphtha prices in Asia rose to a two-session high, while cracks surged about 15% to almost a month-high. As per Reuters, the increase has been supported by Western demand, on news that US...
Bayer MaterialScience has inaugurated a manufacturing facility for polyisocyanates at Ankleshwar, in the state of Gujarat, India. Polyisocyanates are used as raw materials for the product...
Brent crude settled at US$111.72 after rising past US$114, while light, sweet crude on the Nymex settled at US$96.89. Earlier in the day, oil prices rose by 2% on news of shutdown of oi...
Union Finance Minister Pranab Mukherjee on Monday presented the Union Budget 2011-2012 in the Lok Sabha. An overview of the budget estimates for 2011-12 projects Rs 9,32,440 crore - an in...
In Asia, spot propylene prices recorded significant increases over the last week, gaining US$60/ton on FOB Korea basis, as per Chemorbis. Meanwhile, the increase amount reaches three digi...
An unknown amount of the chemical benzene has been released by Royal Dutch Shell at its Deer Park refinery in Texas, as per Bloomberg News. The benzene incident comes 10 years after Royal...
CB&I Lummus has won a contract to provide design engineering and project management consultancy services linked to the expansion and upgrade of the nation's biggest refinery at Sohar. CB&...
European gasoline's crack fell to near zero - US$0.05 a barrel, on Friday as strong Brent crude prices squeezed profit margins, as per Reuters. There were no trades in the European physic...
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