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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
Formosa Petrochemical Corp. may take a year to restart the residual desulfurization unit damaged by a July 25 fire. However, the company may need 1-2 weeks to have two-thirds of its Maili...
LG Chem, South Korea’s biggest chemicals maker, is expecting to see an increase in operating profit by about 19% this year, propelled by robust demand for petrochemical products and batte...
To conclude whether the recent fires at Formosa Petrochemical crackers need to be factored into the environmental impact assessment for expansion of the complex, the government of Taiwan...
Performance plastics to re-mould future business dimensions for the Indian plastics industry, says Frost & Sullivan, who is to host ‘Performance Plastic Summit 2010 – Trends and Advances ...
Import PVC offers from the US had been raised in China by US$30-40/ton in the beginning of July, resulting in poor buying interest for this origin for the most part of July as the domesti...
As per API, US crude inventories saw a surprise increase of 3.1 mln barrels last week vs a forecast of decline by 1.6 mln barrels. Crude oil prices have dropped below US$77, mainly on an ...
In a bid to maximize the long-term value of its businesses, Invista has initiated a review process that could lead to the sale of its North American polymer and resin unit, including its ...
On 7 July, an explosion halted operations at Formosa’s 700,000 tpa naphtha cracker in Mailiao. This was followed by an explosion at Formosa's 73,000 bpd desulphurisation unit at the same ...
Taiwan’s Formosa Petrochemicals Corp imports an average of 7-8 Very Large Crude Carriers (VLCCs) a month, each carrying 2 mln barrels of crude. About 90% of the crude is imported through ...
INEOS Oxide has confirmed plans to build and operate a new 1 mln ton, deep-sea Ethylene Terminal, to be constructed at its Zwijndrecht Facility, Belgium. The operation of the new deep-sea...
An explosion caused by a burst pipeline carrying chemicals has killed as well as injured many in Nanjing, capital of Jiangsu province, Eastern China. Authorities are still trying to deter...
The '5th Olefins' of Assalouyeh with capacity to produce 500,000 tpa of ethylene, Iran has been inaugurated by Iran's president. Morvarid Petchem will supply ethylene feedstock until Iran...
After a second fire at its naphtha cracking complex in Mailiao, Formosa Plastics Group (FPG) plans to conduct an overall renewal of its facilities. FPG has formed an elite team to conduct...
A 50-100% raise in ethylene capacity is being planned in Singapore. Capacity will be hiked to 4 mln tpa when ExxonMobil's second cracker complex at Jurong Island comes on-stream by 2012. ...
The recent explosion at Formosa cracker No 1. in Mailiao, could likely affect polypropylene production as the Group’s PP plant in China. The explosion, resulting in a shutdown at the unit...
Crude oil has traded at levels near US$79 a barrel for the fourth day in a row as concerns over US fuel supply gains outweighed rising equity markets. The Commerce Department said home pu...
As part of the market reaction to additional parcels being booked to move West, Asia's naphtha price eased from a 4 week high, while cracks fell from a near 3 week high, as per Reuters. 4...
China imported 1.3107 mln tons of naphtha in H1-2010, up 42%, and exported 604,400 tons, up 171% yoy, as per data released by the General Administration of Customs. C1 Energy has attrib...
Iran's polyolefins trade with Asia is unlikely to be affected by tougher sanctions imposed by the United Nations. Trade is expected to continue normally despite the recent tougher UN sanc...
Polyethylene (PE) and polypropylene (PP) production surged in the period of January-June 2010 in China, amid robust imports and declining demand growth, according to the Shanghai-based co...
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