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Declining ethane production drives Nova’s contract with Hess Corporation

Nova Chemicals has signed a memorandum of understanding with Hess Corporation and Mistral Energy to buy and transport all the ethane produced from Hess's Tioga Gas Plant in North Dakota v...

20-Jul-10

Asian naphtha falls

Benchmark Japan open-specification naphtha forwards for H2-August delivery were bid at US$613/ton against offers at US$616. Singapore naphtha swaps were at US$5.61 a barrel below Dubai cr...

20-Jul-10

Petroquim restarts polypropylene unit in Chile

Polypropylene producer Petroquim has restarted operations in Chile after being out of service since February 2010, following an earthquake. Production rates are very low at about 10,000 t...

20-Jul-10

Vietnam first polypropylene facility on the roll

Polypropylene is Vietnam’s first petrochemical product to be manufactured from propylene gas from the Dung Quat Oil Refinery. The polypropylene plant rolled out its first product in the D...

20-Jul-10

Upward trend in LDPE could revise on excess feedstock situation

Robust demand amid tight supplies has led to an uptrend in low density polyethylene (LDPE) prices. This could change due to a situation of excess feedstocks. Because of a surplus of natur...

20-Jul-10

Saudi Kayan to begin trial runs at its integrated petrochemical steam cracker complex in Q3-2010

Saudi Kayan Petrochemical Company expects to begin trial runs at its integrated petrochemical steam cracker complex in the Jubail Industrial City in the third quarter of 2010, as pre-comm...

20-Jul-10

Assam Gas cracker project runs into delays leading to cost acceleration

Brahmaputra Cracker and Polymer Limited (BCPL) – known as the Assam Gas Cracker Project, has been faced with acute shortage of skilled manpower amid heavy rains this monsoon. This seems t...

20-Jul-10

Higher sales almost triple Sabic Q2 net profit

Higher sales and increased production have propped up Saudi Basic Industries Corp.’s Q2 net profit. The figures almost tripled to SAR 5.02 billion (US$1.34 billion), from SAR 1.81 bln a y...

19-Jul-10

Japan Polypropylene to close outdated PP plants in Kashima, Ichihara

In a bid to reduce costs, Japan Polypropylene Corp. will close two relatively old polypropylene plants in 2011, as per Platts. A 90,000 tpa plant at Kashima, operational since 1970, will ...

19-Jul-10

BPCL offers 90,000 tons of low-aromatic naphtha for August-October lifting

Lackluster market sentiments have triggered weak demand set off by an influx of spot barrels expected next month in Asia. Bharat Petroleum Corp Ltd (BPCL) offers a total 90,000 tons of lo...

19-Jul-10

Asian naphtha prices likely to continue waning for the rest of 2010

In view of a fleet of spot shipments from the Middle East amid lacklustre demand in the region, Asian naphtha prices are likely to continue waning for the rest of the year, as per ICIS ne...

19-Jul-10

Credit curbs implemented in China in late 2009 directed at property sector: fatal blow to petrochemical sector

June-quarter GDP grew 10.3% y-o-y, according to the National Statistics Board, a 1.6 percentage point decline from an 11.9% growth recorded in the first quarter. After showing robust grow...

19-Jul-10

Global stock markets fall ahead of more key corporate earnings report: oil follows

Oil prices have dipped below US$76 in line with falling global stock markets ahead of more key corporate earnings report - International Business Machines Corp., Goldman Sachs Group Inc.,...

19-Jul-10

Polystyrene offers continue to retreat in Asia, Egypt

Since the beginning of the month, spot styrene prices in Asia have recorded decreases of around US$40/ton FOB Korea basis, as per Chemorbis. During the past week, styrene prices followed ...

19-Jul-10

Reports indicate wavering of economic recovery: crude oil falls

Reports of a slowdown in US manufacturing has raised worries that fuel demand will slow. This information ahs pulled down crude oil prices for the third consecutive day to US$76.4 a barre...

17-Jul-10

Honam Petrochemical to pay US$1.25 bln for Malaysia’s Titan Chemicals Corp

In a bid to increase revenue from overseas markets, South Korea’s second-largest ethylene maker Honam Petrochemical Corp has agreed to pay 1.5 trillion won (US$1.25 bln) to buy Malaysia’s...

17-Jul-10

PetroRabigh inks deal to supply propylene oxide to Saudi companies

Saudi Arabia's Petro Rabigh has inked a deal with Tasnee and Saudi Advanced Industries (SAIC) to supply propylene oxide to their planned joint-venture polyether polyol project. Rabigh wil...

17-Jul-10

Lower PE offers to major global markets from the Middle East

Sources in several major global markets have reported receiving lower PE offers from major Middle Eastern producers this week, as per Chemorbis. Sluggish demand stemming from ongoing econ...

17-Jul-10

UOP, Total Petrochemicals’ technology produces plastics from feedstocks besides oil

UOP LLC, a Honeywell company, announced that Total Petrochemicals has successfully demonstrated UOP technology that will enable the use of feedstocks other than petroleum to produce plast...

16-Jul-10

Keyuan Petrochemicals adds desulfurization process at BTX Aromatics Refining Facility

Keyuan Petrochemicals, Inc., leading independent manufacturer and supplier of various petrochemical products in China, has completed and placed in service, effective July 1, 2010, a new d...

16-Jul-10