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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
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...
BP is planning to build a new world-scale PTA plant in Guangdong Province. A new third PTA plant in Zhuhai is under pre-engineering planning. With a capacity of 1,250,000 tpa, it will be ...
With the implementation of Bushehr and Marjan petrochemical complexes construction projects Iran's petrochemical production capacity will cross 95 mln tpa by the end of the fifth develop...
Clariant is bidding to acquire Süd-Chemie AG in a €2 bln (US$2.67 bln) deal with a particular interest in the German chemical company's catalyst and adsorbents businesses, as per Plastics...
BP Plc is to increase production capacity of purified terephthalic acid (PTA) in China’s Guangdong Province to about 1.7 mln tpa fom the current 1.5 mln tpa. The expansion is expected to ...
Asia's naphtha price climbed to a two-session high from a two-session low the previous day, but cracks remained depressed, nearing a five-month low on weak fundamentals, as per Reuters. G...
Royal DSM N.V., the global Life Sciences and Materials Sciences company has signed an agreement to acquire majority shareholding in Shandong ICD High Performance Fibre Co Ltd. ("ICD"), ba...
A majority of trends witnessed by the global plastics industry in the recent past are focused towards sustainability and green development. These trends are slowly but surely shifting the...
The European Union (EU) has threatened to impose tariffs against PET from Saudi Arabia and Oman, saying EU producers may be victims of subsidies and price undercutting, as per Bloomberg. ...
LLDPE film prices in China’s import market are beginning to lose premium over HDPE film prices as per Chemorbis. For much of H2-2010, LLDPE film prices gained ground against HDPE film on ...
Spot ethylene prices in USA peaked to a three month highs, with February volumes heard done at the 52- and 53-cent/lb levels, as per Platts. These levels were previously seen on November ...
Indian Oil Corporations Naphtha Cracker Complex has been inaugurated on February 15, 2011 by petroleum minister S Jaipal Reddy. The Naphtha Cracker Complex, built at a cost of Rs 14,439 c...
Indonesia's Chandra Asri Petrochemical expects to conclude its polypropylene and polyethylene expansion projects in Banten, by the end of 2011, as per Platts. Chandra Asri plans to comple...
Reliance Industries plans to invest US$30 bln over next five years in its various businesses, mainly targetted at petrochemicals, exploration and production and telecom businesses of the ...
Samsung Total has bought 25,000 tons of naphtha for H2-March arrival, as per Reuters. However, premium on the deal is unclear, but is estimated at about US$4/ton or lower, given the weake...
Asian PVC markets are indicating another bullish month, with March offers being revealed higher to China and Southeast Asia this week, as per Chemorbis. Higher March offers to Asia are in...
Kuwait Petroleum Corp (KPC) has lowered its offer for naphtha delivered to Asia for April 2011-March 2012, as per Bloomberg. KPC offered to sell supplies of Full-Range naphtha from April ...
Sibur-Khimprom, a subsidiary of Russian petrochemicals group Sibur Holding, has successfully launched the country’s first plant to make expandable polystyrene (EPS) to international stand...
Oil prices hovered around US$85 on investor concerns that political upheaval in the Middle East could spread and disrupt crude supplies. Benchmark crude for March delivery rose to US$85.0...
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