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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
Mustang, a Wood Group company, was awarded a contract by Ecopetrol, Colombia's national oil company, to perform conceptual engineering and technology evaluations to optimize the productio...
Rabigh Refining and Petrochemical Co has recorded a second-quarter net profit but is 55.1% below Q1 earnings. The joint venture of state-owned oil company Saudi Aramco and Japan's Sumitom...
The PTT Group’s plan to merge its refining and petrochemical units to create synergy and improve cost efficiency has been on the planning board for over a year. Plan for consolidation is ...
In a bid to meet rising demand for petroleum and petrochemical products, Indian Oil Corporation (IOC) is considering the option of setting up another greenfield refinery with a capacity o...
Keyuan Petrochemicals, Inc. has commenced construction on a new gas-fired boiler to achieve self-sufficiency for steam gas and annual savings of US$1.76 mln (approximately 30%) in steam s...
Thai Polypropylene Co’s new 400,000 tpa PP plant that started up in March, is running at 75% capacity due to poor margins amid subdued demand as per Platts. PP margins were negative by US...
Major producers in Argentina's polymer sector are operating plants at 30-40% capacity for a second consecutive week on inadequate natural gas supplies, as per Platts. Temperatures in the ...
Oil prices have risen past US$77 in Asia as investors refrained from action ahead of a the US Department of Energy’s inventory report. New York's main contract, light sweet crude for deli...
Several homo-PP sellers in China have reduced prices this week as buyers prefer to maintain a wait and watch stance due to bearish sentiments about the market outlook triggered by several...
OIL Oil prices dipped to hover around US$76 in Asia in the week of July 19, 2010. Mid week oil prices rose after a report by the US Departm...
Aromatics producers in Asia are struggling to cope with oversupply driven both by weak demand for their products and strong overall reformer economics, as per an ICIS blog. Feedstock ben...
South Korea’s biggest maker of chemicals LG Chem Ltd. has posted a record Q2 profit, thumping estimates, as Chinese demand for plastics and synthetic rubber feedstocks increased. Sales, i...
Supreme Petrochem Ltd has announced that the Board of Directors of the Company at its meeting held on July 20, 2010, inter alia, has recommended dividend of Rs. 1.80 per share for the yea...
Nan Ya Plastics has delayed the restart of its' No. 3 monoethylene glycol (MEG) unit in Mailiao, which was shut June 30 for a three-week maintenance. Restart of the 350,000 tpa unit has b...
Major expansion of Sohar refinery complex being embarked upon by Oman Refineries and Petrochemicals CompanyOman Refineries and Petrochemicals Company LLC (ORPCORPC) will help the refiner...
Television and computer screens of the future could be brighter, clearer and more energy-efficient as a result of a process developed by a team of researchers from Canada and the Departme...
The first three phases of a US$14.5 mln project to produce high-quality molded fiber hinged lid carryout containers and other products have been completed by Pactiv Corporation at its Moo...
Spot prices for ethylene and propylene gained ground in USA last week as a result of tightening supply levels; while Asian markets barely regarded the shutdown of Formosa’s cracker shutdo...
One of China's largest ports - Dalian, has been shut after an offshore pipeline explosion triggered a major oil spill. This will add to pressure for stricter environmental standards in Ch...
Saudi Aramco and Dow Chemical Co have extended a deadline for companies to qualify for bidding to build a giant petrochemical project. This is an indication of the certainty of the projec...
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