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Medical polymer market expected to grow at a healthy rate

The demand for medical polymers grew at a Compound Annual Growth Rate (CAGR) of 7.2% from 2000 to 2009, as per GBI Research. In value terms in the year 2000, the demand for medical polyme...

20-Dec-10

UAE Borouge to continue PP block copolymer marketing drive till Q2

While UAE's Borouge is winding down its pre-marketing campaign for homopolymer grade polypropylene with the successful startup of its new mega-petrochemicals complex in October, pre-marke...

20-Dec-10

Naphtha margins in Asia rise for a second week on strong petrochemical demand outlook in China

Naphtha margins in Asia rose for a second week on optimism that petrochemical demand in China will remain strong, while gasoline declined for the first time in eight weeks, as per Bloombe...

20-Dec-10

CPC to invest in capacity augmentation to offset relocation of Kaohsiung plant and delayed construction of Kuokuang petrochem complex

To offset the impact of relocation of Kaohsiung refining plant and the delayed construction of Kuokuang petrochemical complex, CPC, Taiwan Corp. plans to invest NT$20.5 billion in capacit...

20-Dec-10

Formosa eludes EPA surcharge

The Environmental Protection Administration (EPA) has said there are no legal grounds to request that Formosa Plastics Group to pay health and welfare surcharges for its naphtha cracker p...

20-Dec-10

Dow and Mitsui complete formation of 50:50 JV for new membrane chlor-alkali facility

Dow and Mitsui & Co. Ltd. have completed the formation of a previously announced 50:50 manufacturing joint venture to construct, own and operate a new membrane chlor-alkali facility locat...

20-Dec-10

Keiyo Ethylene Co restarts its sole 690,000 tpa naphtha cracker

Japanese petrochemical joint venture Keiyo Ethylene Co has restarted its sole 690,000 tpa naphtha cracker. The three day unplanned shutdown at the cracker was due to a technical problem. ...

20-Dec-10

Premium on import LLDPE film over domestic prices in China

Import LLDPE film prices are carrying a premium over domestic prices in China, suggesting some downward pressure faced by this market as demand from Chinese buyers has begun to slow down ...

17-Dec-10

Asian naphtha prices rise to a two-and-a-half week high

Naphtha prices in Asia rose to a two-and-a-half week high on Thursday, while cracks rebounded from a three-week low to reach their highest in three sessions, supported by expectations of ...

17-Dec-10

European profit from processing crude into naphtha triples to a three-year high

European profit from processing crude into naphtha tripled to a three-year high as rising Asian petrochemical demand continues to lure shipments to China and Japan, as per Bloomberg. Naph...

17-Dec-10

Crude supply in USA plunges, oil prices fall to US$88 levels

Crude oil for January delivery dipped to US$88.1 on the Nymex, while Brent crude dipped to US$92 on the ICE Futures exchange, despite a plunge in US crude supplies that suggested demand m...

17-Dec-10

Dow Chemicals plans to invest US$67 mln in 150,000 tpa propylene glycol plant

Dow Chemical Co plans to invest 2 billion baht (US$67 mln) to set up a 150,000 tpa propylene glycol plant in the eastern province of Rayong. Dow Chemical, which has five propylene glycol ...

17-Dec-10

Asia naphtha prices at two-week lows, cracks inched down

Asia naphtha prices fell to a near two-week low, while cracks inched down by around 0.1% on persistent lackluster demand for February cargoes, as per Reuters. However, traders expect buye...

17-Dec-10

Increasing number of gas rich Middle East based ethylene producers shifting feedstocks

An increasing number of ethylene producers from gas rich Middle East are shifting to naphtha as a feedstock, as per Platts. The region is struggling with low ethane content natural gas, a...

17-Dec-10

OAO Rosneft to embark on a plan in 2011 to become a global producer

Russia’s state-owned oil company-OAO Rosneft is to embark on a plan in 2011 to become a global producer “on all continents,” as per Bloomberg, for which it is seeking partners overseas. R...

17-Dec-10

Weak gasoline demand triggers dip in crude prices

Reports on weak US gasoline demand, have marginally pulled crude futures. Light, sweet crude for January delivery fell to US$88.28 a barrel on the Nymex, at US$91.21 on the ICE futures ex...

16-Dec-10

Bayer mulls expansion of Shanghai polycarbonate plant by 50%

Bayer intends to significantly expand its capacities for the production of high-grade materials in China by 2016. Investments of around €1 billion are planned at the Shanghai site. This m...

16-Dec-10

Chemicals and plastics capacity in Oman to increase by 60% to 8.5 mln tons in 2012

Oman's chemicals and plastics capacity will increase by 60% to reach 8.5 mln tons in 2012 according to the organisers of ArabPlast 2011, the Middle East's No 1 trade show for rubber, plas...

16-Dec-10

Premium on PVC trading in Italy narrows as compared to global markets

Italy’s PVC market has been trading at a premium over other global markets including Turkey, Egypt and Southeast Asia for some time, as per Chemorbis. The price gap between Italy and thes...

16-Dec-10

Reduction in run rates at PE plants feared in Asia on negative HDPE margins

Negative production margins for film-grade high density polyethylene is fueling speculation about possible PE run cuts in Asia, as per Platts. On December 3, HDPE film production margins ...

16-Dec-10