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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
Effective January 1, 2010, the Chinese government is to lift duty on OX and other xylenes -- paraxylene and isomer-mixed xylenes -- produced in Taiwan. Removal of import duty on orthoxyle...
Planners in the Chinese Government intend to shift their intention from "growth at any cost" model to a more high-value driven economy. The surprise in 2011 could be the silently emerging...
In Asia, spot PET prices ended the year on a rising trend, with most predicting that prices will continue to firm up in the days ahead, as per Chemorbis. In addition to finding support fr...
Chevron Phillips Chemical Co. has commenced maintenance on an ethylene unit at its Cedar Bayou chemical plant in Baytown, Texas, according to a filing with state regulators. Associated f...
GAIL has inked a three year deal with Oil and Natural Gas Corporation. Under the agreement, GAIL will exclusively purchase and market the natural gas produced from ONGC’s various fields d...
At the end of 2009, crude oil was near US$80/bbl and naphtha was near US$720/ton in Asia and at US$690/ton in Europe. Rising costs in December 2009 were leading to a bullish start in Jan...
Honam Petrochemical has purchased at least 25,000 tons of naphtha for H1-February arrival at a premium of US$12/ton to Japan spot quotes on a cost-and-freight (C&F) basis. Persistently ti...
Bahrain based investment bank Capital Management House and National Oil and Gas Authority (NOGA) Holding Ccompany have entered a joint venture to take a controlling interest in a leading ...
Qatar Petrochemical Company (Qaoco) has opened three new logistics service hubs (warehouses) in Shanghai, Guangzhou and Qingdao. Qapco has four rep offices in China- Hong Kong, Shanghai, ...
Turkish petrochemicals producer PETKIM has achieved the highest production figures of 45 years in 2010. Kenan Yavuz, Executive Director of Socar & Turcas, said that Petkim started to see ...
2011 is set to be another year of recovery for the African polyolefins markets following a better-than-expected 2010, although further volatility in terms of price, demand and supply rema...
The Board of Investments has granted fiscal incentives to JG Summit Olefins Corp’s US$600 mln naphtha cracker project in Batangas, on grounds that this is a large import substitute undert...
Italy, one of the top users of plastic shopping bags in Europe, is banning them with effect from January 1, 2011. Retailers have been banned from providing shoppers polyethylene bags. Th...
Asia naphtha prices are expected to firm in early 2011, stoked by robust global crude futures at above US$91/bbl as a bitter cold winter in Europe and northeast USA sparks demand for home...
Looking ahead to the year 2011, there appears to be far fewer new polyolefins capacities to watch out as compared to the massive number of new complexes which came onstream in 2010. Base...
SABIC affiliate Arabian Industrial Fibers Co (Ibn Rushd) has inked contracts with Taiwan's CTCI and China's Sinopec Engineering for capacity expansion. The contract with CTCI would more t...
Iran boasted significantly higher exports of petrochemicals in the current year and plans are to open new facilities in 2011. Abdolhossein Bayat, a deputy Iranian oil minister, said more ...
Myriant Technologies, through its wholly-owned subsidiary Myriant Lake Providence Inc., is to commence construction on the world's largest bio-based succinic acid plant. The plant, to be ...
The future of the Australian petrochemical industry depends on exploiting its full potential in ethane feedstock, which can be achieved through increased output in the purification of gas...
Formosa Petrochemical Corp. is currently running its three ethylene plants at 98-99% capacity as per Bloomberg. The Taiwanese refiner expects to process an average 460,000 bpd of crude in...
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