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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
Construction of Marjan Petrochemical Complex started in Assalouyeh in cooperation with Denmark's Haldor Topsoe Company. Topsoe's role comprises licensing of technology, engineering design...
Complete restart of YNCC’s naphtha cracker is expected toward end of week- or Thursday at the earliest. YNCC has started feeding naphtha for the largest of its three naphtha crackers afte...
The European Commission has fast-tracked regulatory approval of UK-based Ineos’ planned takeover of a polystyrene and expanded polystyrene joint venture operated with Canada’s Nova since ...
South Korea's Lotte Group is considering a US$5 bln investment in petrochemicals in Indonesia’s Java island, as per Reuters. Lotte currently owns two petrochemical production facilities i...
Benzene prices in USA witnessed a sharp hike as crude oil values escalated in line with monting tensions in Libya, as per Platts. Benzene price was approaching record highs set in August ...
Brent crude traded at US$107.6 supported by concerns that the revolt in Libya is likely to spread in more nations of the Middle East, likely to cross US$110 if the turmoil in the Middle E...
Open spec naphtha for front-month H1-April spiked by over 30 dollars to US$927/ton in line with robust Brent crude values. This is the highest level that Asian naphtha has peaked to since...
CRUDE OIL New York's main contract, light sweet crude for delivery in March rose by over a dollar to US$87.3 in the week of February 21, 2011...
Spot ethylene prices in Asia have been rising steadily since the start of the new year even as spot PE prices have held largely stagnant in the face of lackluster demand, as per Chemorbis...
BP is to invest US$7.2 bln, in India’s biggest foreign direct investments in a tie-up with Reliance Industries to explore for deepwater oil and gas. BP will pay Reliance Industries US$7.2...
Abu Dhabi National Oil Co. (ADNOC) has lowered its offers for naphtha supplies delivered to Asia for April2011-March 2012, as per Bloomberg. Splitter naphtha is being offered at a premium...
Braskem SA has successfully restarted its two ethylene units located at the company's petrochemical site in Camacari. The plants had been offline since February 4 because of an unexpected...
Oil prices have risen on the first day of the week as tensions continue rising in Libya. Brent crude has surpassed US$103 as escalating tensions in Libya fuel concerns over instability sp...
In the PET markets of Asia and Europe, prices are under upward pressure from the escalating feedstock markets, as per Chemorbis. In Europe, PET and PTA force majeures are also intensifyin...
Price volatility continues in the NGL and downstream petrochemical markets after an explosion that occurred on February 8 forced a shutdown at Enterprise Product Partners' Mont Belvieu We...
LyondellBasell Industries NV planned the restart of its olefins unit at the La Porte chemical plant, Texas, as per Bloomberg. The unit encountered an unrelated issue while increasing oper...
Kuwait Petroleum Corp (KPC) has sealed a naphtha contract for April 2011 to March 2012 with at least one Asian customer at premiums of about US$18/ton to Middle East quotes on a free-on-b...
Naphtha buyers in term talks with Abu Dhabi National Oil Company (ADNOC) and Kuwait Petroleum Corporation (KPC) are locked in a standoff over what they deem to be high premiums for the su...
Japan's naphtha imports for the petrochemical sector rose 4% in January 2011 vs January 2011 as per Reuters. Imports of naphtha for ethylene production amounted to 2,209,789 kilolitres (1...
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