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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
PE markets have seen similar developments across the globe over the past week as prices rise on the strength of stronger upstream costs despite widespread complaints that demand is not as...
A report commissioned by UK’s Environment Agency shows that commonly-used plastic ‘bags for life’, if used four or more times, will have a lower carbon footprint than single-use carrier b...
A plan to build eight plants by the government is likely to turn Nigeria into a regional petrochemical hub. The president has approved construction of a petrochemical plant in oil-rich We...
Saudi Arabia's petrochemical makers are not expected to be affected by recent regional uprisings in the region. As reported in Dow Jones, "I can say our exports and industry will absolute...
Falling by almost a dollar, light, sweet crude futures for delivery in April traded at US$101.2 on the Nymex, while April Brent crude on London's ICE Futures exchange fell to US$115.1. Cr...
Most Saudi petrochem producers use ethane because of government subsidies that mark it below market prices, and also at values cheaper than other feedstock such as propane and naphtha. Wo...
Naphtha prices have been soaring in Asia in line with a crude price rally, limited arbitrage volumes and short-covering activity in the Asian naphtha market. As per Platts, Asian petroche...
Reports that Formosa Plastics Group is planning to build a petrochemical complex on Jurong Island in Singapore, has been refuted by the Taiwanese major. Though group chairman William Wo...
Overall imports to Turkey set a record high for the month of January, but the monthly total failed to surpass the record set in December 2010, as per Chemorbis. However, January figure wa...
Yisheng Petrochemicals’ new 2 mln tpa plant in Hainan is expected to start up as planned by end 2012. The Chinese has completed its machinery purchases for the new plant, as per Platts. T...
Abu Dhabi’s International Petroleum Investment Company (IPIC), which acts as the Abu Dhabi sovereign wealth fund, has announced plans to launch a public takeover bid for energy giant Comp...
The German chemical industry will return to normal growth rates after an “amazing” 2010, as per VCI. Germany's chemical industry will increase sales by 18% in 2010 and growth will slow to...
Abu Dhabi government-owned General Holding Corporation plans to invest up to 15 billion dirhams in the metals and petrochemicals sector over five years as part of a diversification push. ...
Orissa government will avoid acquiring irrigated land for the proposed Petroleum, Chemical and Petrochemical Investment Region (PCPIR) project, to be set up over a total area of 284.16 km...
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...
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