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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
Supreme Petrochem has reported a rise in standalone net profit for the quarter ended December 2010. During the quarter, the profit of the company rose 34.95% to Rs 186.79 mln from Rs 138...
Mexican industrial conglomerate ALFA, S.A.B. de C.V. has completed purchase of 3 South Carolina petrochemical plants from Eastman Chemical Company for about US$600 mln. One of the plants ...
Oil & Natural Gas Corp (ONGC) will skip naphtha exports from Hazira port in February due to berth maintenance in progress since Jan. 28, and likely put the Hazira cargoes into the domesti...
Preliminary estimates show that demand growth has been quite healthy in the two major markets - China and India, as per ICIS. Polyethylene (PE) demand in China (measured as local producti...
Packaging and insulation producer Novostrat has started production of polyethylene foam at Olszyna, Polish Information and Foreign Investment Agency informs. This could be EU’s largest fa...
In Italy, European PP sellers managed increases of €100-130/ton in January business particularly in H2-Jan, supported by strong energy costs, as well as a €110/ton increase on January pro...
Uzbekistan is to invest US$1.2 bln on upgrade of a polyethylene gas-chemical complex at state owned plant in Mubarek to 400,000 tons. The project, to be financed jointly with Singapore’s ...
Indonesia is planning to develop a coal-based methanol and olefins project in East Kalimantan to produce 300,000 tpa of methanol and 300,00 tpa of olefins, as per Platts. Both plants wi...
The US Monday said it was putting sanctions on doing business with the Belarus state-owned oil and petrochemicals companies because of Western concerns over how the Lukashenko government ...
Naphtha prices in Asia are expected to stabilize in the next few weeks as consumption falls. This will bring an end to weeks of volatility triggered by strong demand in Asia, a weak Europ...
With the Chinese New Year holidays set to begin, sellers across Asia say that they are generally feeling optimistic about their prospects for the post-holiday period, as per Chemorbis. Se...
As estimated by global consulting firm McKinsey and Company, the specialty chemicals industry in India is projected to grow at 15-17% pa to reach US$80-100 bln by 2020. This will be drive...
Benchmark crude for March delivery rose to US$89.5 in electronic trading on the Nymex, while in London, Brent crude rose to US$89.5 on ICE Futures exchange. The contract spiked by close t...
Iran’s petrochemical exports to Europe will reach US$2 bln by the end of the current Iranian year. Currently Iran exports various petrochemical products to 65 countries, including 17 Euro...
Saudi Kayan Petrochemicals has signed a preliminary agreement with Saudi Acrylic Acid Co and a joint venture between U.S. Dow Chemical and Saudi Aramco to build a 330,000 tons n-Butanol p...
The increasing demand for fresh and quality packaged food, consumer convenience and manufacturers concern for longer shelf life of the food products is driving the market for Global activ...
Italy's oil and gas major Eni plans to invest 1 billion euros (US$1.37 bln) to revamp its outdated petrochemical site on the Italian island of Sardinia as per Reuters. Eni is ready to inj...
World oil prices hovered around US$100 at the end of last week on impressive Q4-10 US economic growth data amid worsening political turmoil in Egypt. Brent oil surged as high as US$99.7 i...
Naphtha prices rose slightly in thin trade at the end of last week as traders prepared to ship cargoes to Asia, but benchmark gasoline remained lacklustre despite strong economic data fro...
Sinopec and UK-based Ineos Group Ltd. have inked an MOU for a joint venture for a phenol and acetone plant in Nanjing, with an annual production capacity of 400,000 tons of phenol, 250,00...
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