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Westlake to construct chlor-alkali plant at vinyls manufacturing complex in Geismar

Westlake Chemical Corp is to commence construction of a new chlor-alkali plant at its vinyls manufacturing complex in Geismar, Louisiana, at an investment of US$250-300 mln. Capacity wil...

01-Sep-10

PP prices in Turkey, Egypt defy volatile oil market

This week, spot propylene prices in Asia have firmed up by nearly US$30/ton on FOB Korea basis, with the total increase amount reaching almost US$100/ton since the beginning of the start,...

01-Sep-10

LyondellBasell to terminate all operations in Iran, cease all business with Syria, Sudan

LyondellBasell Industries NV is terminating all its operations in Iran, and also plans to cease all business with Syria and Sudan. Much of the company's business in the three countries in...

01-Sep-10

Outage fails to disrupt styrene monomer shipment from Pars Petrochemical to China

Iran's Pars Petrochemical Company will continue to ship up to 30,000 tons of styrene monomer (SM) to China, despite the Assaluyeh plant being shut for over a week, as per Platts. Sufficie...

01-Sep-10

JX Nippon Oil & Energy Corp’s naphtha hydro desulphuriser, paraxylene unit shut

Leading Japanese refiner- JX Nippon Oil & Energy Corp. has shut a 39,000 bpd naphtha hydro desulphuriser and 200,000 tpa No.2 paraxylene unit at its Chita plant after a boiler fire as per...

01-Sep-10

DuPont’s first EVA facility starts up in China

DuPont has announced that production for Ethylene Vinyl Acetate (EVA) resins has begun at its joint venture, Beijing Hua Mei Polymer Company Ltd. in Beijing. The facility is DuPont’s firs...

01-Sep-10

September PVC prices expected to rise in SE Asia’s domestic markets

In Southeast Asia, import PVC business for September is being settled with increases from August done deal level in accordance with developments in the Chinese and Indian markets, as per ...

31-Aug-10

Praxair to build energy-efficient carbon dioxide plant in Map Ta Phut

Praxair (Thailand) Co., Ltd., a subsidiary of Praxair, Inc., will build a new, energy-efficient 300 tons of liquid carbon dioxide per day capacity carbon dioxide plant in Map Ta Phut. The...

31-Aug-10

Chinese consortium to invest US$1 bln in petrochemical projects in Iran

Chinese consortium is in a deal with National Iranian Petrochemical Company (NIPC) to invest US$1 bln in petrochemical projects in Iran, as per Mehr news agency. It is the first time Chin...

31-Aug-10

Ethylene recovers in Asia: naphtha cracking margins turn positive

Naphtha cracking margins in Asia entered positive territory for the first time since May 31, driven by a sharp rebound in spot ethylene prices, as per Platts. Late Thursday, Northeast A...

31-Aug-10

US Steam cracker operator margins spike on stronger ethylene

Steam cracker operators in the US saw strong gains in margins from light feeds as ethylene prices surged early this week, as per Platts. Spot ethylene gained over a penny/lb on Monday and...

31-Aug-10

Improved revenues, restructuring gains bring in Q2 profits for Tessenderlo

Belgian petrochemicals producer Tessenderlo has posted net profit of €27.5 mln for Q2-2010, reversing a net loss of €101.5 mln in Q2-09 on improved revenues and restructuring gains, as pe...

31-Aug-10

Oil prices dip, but buoy above US$75 in Asia

Crude oil gained in morning trade, expanding gains following reassurances by Federal Reserve chairman on the US economy. However, recent economic data from the United States points to a w...

31-Aug-10

As new domestic capacities come onstream, most of China's petrochemical imports continue to fall

For the fourth consecutive month, most of China's petrochemical imports fell in the month of July. The dip has been triggered by a continued slowdown in the country's economy, weak downst...

30-Aug-10

Ineos Nova, DuPont plan polymer price hike from September

Ineos Nova and DuPont have announced price increases from next month. Ineos Nova will hike the price of its general purpose and expanded polystyrene by €50/ton and high impact polystyre...

30-Aug-10

Kuokuang complex will ensure competitiveness of Taiwan's petrochemical sector

Taiwan’s Minister of Economic Affairs has stated that though the planned Kuokuang petrochemical plant has met with opposition on environmental concerns, its construction seems imperative ...

30-Aug-10

Equity markets strengthen, oil rises lingers near US$73

Oil prices have risen to hover around US$73 a barrel, moving up with regional stock markets. Benchmark crude for October delivery rose to US$72.9 on the Nymex. Reports released in USA la...

30-Aug-10

Keyuan Petrochemicals in land use right transfer agreements with local government of Ningbo

Keyuan Petrochemicals, Inc., has entered into land use right transfer agreements with the local government of Ningbo, Keyuan has acquired four plots of land adjacent to the Company's cur...

30-Aug-10

DuPont commences production of polyvinyl fluoride (PVF) at Fayetteville

DuPont has commenced production of polyvinyl fluoride (PVF) polymer resin at Fayetteville, North Carolina. PVF is a critical raw material used to make DuPont Tedlar PVF film, that is an e...

30-Aug-10

Vietnam Oil and Gas Group receive first petrochemical plant from Huyndai

Huyndai Engineering and Construction Company (HEC) has handed over Vietnam’s first petrochemical plant to Vietnam Oil and Gas Group. The US$234 mln Polypropylene plant in the central pro...

30-Aug-10