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Bayer plans capacity expansion of high-grade materials in China by 2016

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

14-Dec-10

Naphtha price in Asia at a three-session low on muted demand from South Korea

Asia's naphtha price is currently at a three-session low and cracks at their lowest in around a week on muted demand from South Korea. However, the lackluster demand is not expected to la...

14-Dec-10

Dow restarts naphtha cracker at Terneuzen as technical problem resolves

After rectification of a technical fault, Dow Chemical Co. has restarted its naphtha cracker at Terneuzen, Netherlands. The cracker, which has a capacity to produce 580,000 tpa ethylene, ...

14-Dec-10

Reduced naphtha supply from Saudi Aramco to Asia in H1-11 on refinery maintenance

Naphtha exports to Asia could dip next year, from Saudi Arabian Oil Co. (Saudi Aramco), as per Bloomberg. Refinery maintenance at Saudi Aramco could cut shipments by 10 to 20% in H1-2011....

14-Dec-10

Petrobras Board approves incorporation of unit at Comperj Refinery

The Board of Brazil’s state-run energy giant Petroleo Brasileiro SA (Petrobras) has approved incorporation of two units at the Comperj refinery. With this, Comperj's basic petrochemicals ...

14-Dec-10

PTT mulls hike stake in refinery and petrochemical affiliate IRPC Plc to 50%

Thailand’s oil conglomerate PTT Plc is poised to raise its stake in refinery and petrochemical affiliate IRPC Plc to 50% from 36.1%. Prospects are brighter for IRPC's performance given gr...

14-Dec-10

JG Summit Olefins’ planned naphtha cracker in Batangas to cost US$100 mln more

JG Summit Olefins Corp’s planned naphtha cracker in Batangas is estimated to cost US$100 mln more than previous estimates. The plant, on which construction is to commence in January will ...

14-Dec-10

Technical problems forces shutdown at Keiyo Ethylene’s naphtha cracker

A technical glitch has forced a shutdown at Japanese petrochemical company Keiyo Ethylene’s 690,000 tpa naphtha cracker. Keiyo Ethylene, 55%-owned by unlisted Maruzen Petrochemical, is in...

14-Dec-10

Polymer consumption in India to reach 15 mln tons in 5-7 years

Polymer consumption in India, currently pegged at 8 mln tpa, is poised to more than double to 15 mln tons in 5 years, maximum 7 years time, as per Mr Ajay Shah, Senior VP Polymers, Relian...

13-Dec-10

ConocoPhillips exploring opportunities of further investment in Qatar

Energy major ConocoPhillips is looking at opportunities to invest further in Qatar's LNG and petrochemical industries besides working with QP on joint energy projects abroad, global CEO J...

13-Dec-10

PIC plans two month maintenance shutdown at its PP plant in March

As part of its scheduled maintenance shutdown plan, Kuwait's state-run Petrochemical Industries Co (PIC) plans to shutter its 150,000 tpa polypropylene plant for two months in March 2011....

13-Dec-10

Upstream costs support Chinese PS market

In China, some PS deals were concluded with discounts, although in general the PS ranges do not indicate much change as per Chemorbis. The range is unchanged since sellers are not willing...

13-Dec-10

High gas prices in Europe defers ethylene capacity growth in Russia

The high prices that Europe is willing to pay for Russian gas has impeded the development of gas-based ethylene crackers in Russia, the President of Siberian Ural Petrochemical Company (S...

13-Dec-10

Ethylene production in Japan for Nov falls 1.4% yoy

Ethylene production in Japan fell 1.4% in November year-on-year to reflect lower demand, as per Reuters. Ethylene output totalled 625,500 tons in November 2010, compared with 634,700 tons...

13-Dec-10

Ampacet plans new manufacturing plants in Brazil, India and Italy in 2011

US based concentrates maker Ampacet is planning to open manufacturing plants in Brazil and India in early 2011, and add a new line in Italy by mid-2011. The Brazilian unit in Camacari is ...

13-Dec-10

Naphtha premiums firm in the Middle East amid supply tightness

Supply tightness kept gasoline and naphtha premiums firm in the Middle East, with no sign of easing until early 2011 amid continuing refinery maintenance shutdowns, as per Reuters. Outage...

13-Dec-10

GCC chemical production forecast to double to US$80 bln in the next decade

GCC chemical production was forecast to rise to nearly US$80 bln over the coming decade, from the current US$40 bln, as per Khalid Al Falih of Saudi Aramco at the Gulf Petrochemical and C...

13-Dec-10

Majority of Titan Chemicals' shareholders accept buyout offer from Honam Petrochemical

At least 90% of Malaysian chemical makers Titan Chemicals' shareholders have accepted a buyout offer from South Korea's Honam Petrochemical. RHB Investment - the principal adviser of the ...

13-Dec-10

3.7% rise in output in Persian Gulf Cooperation Council's petrochemical industry

The Persian Gulf Cooperation Council's petrochemical industry saw a 3.7% increase in output last year and is well positioned to become the ""centre of gravity"" in the mid-term, according...

10-Dec-10

Naphtha price in Asia recover, cracks extend losses

Naphtha price in Asia have recovered to a two-session high on Thursday, but cracks extended losses to reach a three-session low as sentiment weakened following slower demand, as per Reute...

10-Dec-10