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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
Saudi Arabia’s petrochemical exports have peaked to an eight-month high in November, mainly due to strong demand from China, India and other Asian countries, as per Bloomberg. The kingdom...
Oil prices have risen on news that a main Alaskan pipeline continues to be almost closed since Saturday for a fourth day, and Norway's Statoil was forced to shut two fields in the North S...
Royal Dutch Shell has planned a maintenance shutdown at its 800,000 tpa ethylene cracker in Bukom Island, Singapore. The month-long planned maintenance will start around mid February as p...
CRUDE OIL Crude-oil futures dipped to US$88 at the end of the week of January 10, 2011 as the dollar rose, stocks fell and any beneficial e...
Propylene prices moved higher over the past week in Asia, Europe and USA, as per Chemorbis. Prices were buoyed by tight supplies in Europe and the US, while Asian prices moved higher as A...
Mexichem SAB, Mexicos’ PVC maker and the largest maker of plastic pipes in Latin America, has acquired Rockwood Holdings Inc.'s AlphaGary thermoplastic compounds business for US$300 mln i...
Thailand’s state-controlled company PTT plans to consolidate its petrochemical and refinery businesses, as per Reuters. The company seriously studying the merger plan, which should be fin...
Demand for LR1 clean tankers in Northwest Europe and the Mediterranean has risen this week as naphtha traders attempt to move surplus volumes to the east as per Platts. As a result, sever...
Asia’s polyolefin markets are likely to remain turbulent in Q1-2011 despite recent price hikes, as feedstock costs are fluctuating and future demand remains uncertain, as per ICIS. Produc...
In a move that will help absorb increased production from its’ US$10 bln planned expansion, Borouge, hopes to lure high-tech plastics manufacturing companies to Abu Dhabi. This venture of...
Iran is seeking to increase petrochemical product exports by targeting new markets in Africa, Latin America and China. Iran exported 10.320 mln tons of petrochemical products ( including ...
Saudi International Petrochemical Company (Sipchem) has awarded the Engineering, design and construction contract for its Ethyl Acetate Plant to eTEC Engineering & Construction Company, K...
In a bid to meet growing demand in the region, IRPC - the polymer business arm of PTT Plc, is to invest US$800 mln to expand propylene capacity by 260,000 tons to 710,000 tpa. The expansi...
Braskem has increased offers for high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) offers to Europe for January, as per Platts. Offers for LLDPE are between €...
Japan's Mitsui Chemicals plans to shut its 553,000 tpa naphtha cracker at its Chiba plant, for eight days from Sunday for minor cleaning maintenance, as per Reuters. The cracker is due to...
South Korea's petrochemical producers plan an investment of US$5.2 bln on the upgrade and expansion of their plants. This is expected to result in record exports of US$39.9 bln in 2011. ...
Windmöller & Hölscher has claimed a world record for its latest Varex blown film line, demonstrated at K 2010 producing a new five-layer general purpose 40 micron tissue wrap film at outp...
A leading plastics trade association in Europe- The European Plastics Converters (EuPC), has lodged a complaint against Italy's decision to ban single-use polyethylene retail carrier bags...
With effect from July 1, 2011, Bulgaria's environment ministry proposes to introduce a planned tax on plastic bags. The move is aimed at limiting the use of polyethylene bags in the count...
Sharply rising feedstock costs (rising from US$650/MT to US$800/MT) and a lower price recovery in polymers has taken a toll on the profitability of Haldia Petrochemicals Ltd (HPL). FY-11 ...
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