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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
After a shutdown due to a compressor fault, LyondellBasell Industries has started a cracker at Wesseling in Germany. The start up is expected to cause flaring at Wesseling, LB’s largest c...
South Korea’s Honam Petrochemical Corp has received full acceptance to take Titan Chemicals Corp Bhd private, by acquiring the remaining 27.25% shares it does not own at RM2.35 apiece. Ti...
The monthly average price of petrochemicals, as measured by the Platts Global Petrochemical Index (PGPI), was US$1194/metric ton in November, according to Platts. This is up 2.96% from O...
The Singaporean petrochemicals industry is set to witness a massive increase in capacities in 2010 and 2011, but oversupply in the Chinese market may put pressure on margins and sales in ...
After six consecutive months of price increases, PVC prices in major Asian markets have begun to lose ground as import PVC deals for January start to settle with decreases in China, as pe...
SOCAR & TURCAS Rafineri A.S. (STRAS), the joint venture of the State Oil Company of the Azerbaijan Republic (SOCAR) and TURCAS Petrol A.S. (ISE:TRCAS), has awarded Fluor Corporation a pro...
The Chatterjee Group has assumed responsibility of the selection process to find a new managing director for Haldia Petrochemicals, with the incumbent Swapan Bhowmik set to retire in thre...
The industrial unrest in France has adversely impacted on both 2010 chemical output and the long-term future of some plants, according to BMI's latest France Petrochemicals Report. Wide...
South Korea’s SK Energy has completed construction of the world’s first naphtha cracking facility that uses advanced catalytic olefin technology (ACO) at Ulsan. This new facility using AC...
CPC Corp. plans to start its No. 4 naphtha cracker in Kaohsiung after the unit has been shut for over a month. The No. 4 plant was closed on November 3 for scheduled repairs. An earlier ...
Crude oil for February fell by over 50 cents to US$91 a barrel on the Nymex, while Brent crude rose very marginally to US$93.85 on the ICE Futures Europe exchange. The fall has come amid ...
CRUDE OIL Crude oil prices ended the week of December 27, 2010 on a high note of US$91.5 on the Nymex. Oil futures peaked to the highest clo...
PS prices are supported by higher crude oil and styrene costs in global markets. Looking at styrene prices in Asia, spot offers have gained US$95/ton FOB Korea when compared to the beginn...
Teijin Fibers Ltd will begin full-fledged production and marketing of new plant-based polyethylene terephthalate (PET) fiber in April 2012. This will be the world's first commercially pro...
Four new projects of the National Petrochemical Company of Iran will commence production in the Iranian calendar month of Esfand (February 20 to March 20). This will include the PVC unit...
Japan's Mitsubishi Corporation Mitsubishi Corporation is considering plans to set up petrochemical and oil refining and storage business in Fujairah, North of the United Arab Emirates. Fu...
Oil futures ended the previous week at US$91.5, its the highest closing since October 2008, on news of a sharp drop in US stockpiles and a severe winter. The falling inventory levels mark...
Malaysia's Petronas Chemicals has halted operations at an aromatic plant after a fire broke out at its naptha hydrotreater unit, as per Reuters. The fire occurred late Friday night at its...
Sri Lanka is to become a major petrochemical marketing centre for the Asian region under in line with a marketing expansion plan of Qatar Petrochemical Company (QAPCO). QAPCO plans to exp...
Leonid Mikhelson, a billionaire shareholder of Russian gas producer OAO Novatek, bought 25 % stake in OAO Sibur Holding, Russia's largest petrochemical producer, and may buy the remaining...
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