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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
There may be no shipments of naphtha from Europe to Asia in July, akin to the supply scenario in March 2010. Naphtha forward prices are slated to get more expensive than those for prompt ...
Some of USA’s largest refineries are in a state of uncertainty on news that the US Environmental Protection Agency has officially overturned a 16-year-old Texas air permitting program tha...
Despite ongoing concerns about the health of the global economy and a slackening real estate market in China, Asian PVC sellers are reporting better demand in the region for July, as per ...
The European Commission has given a nod of approval to Total Petrochemicals Feluy (TPF) to acquire the polystyrene production lines of Polimeri Europa at Feluy, a subsidiary of Italian oi...
US based ExxonMobil is speculated to be withdrawing from a US$6 bln joint venture petrochemicals project with Qatar Petroleum (QP). Once this decision has been reached by Exxon, QP hopes ...
Light, sweet crude for August delivery plunged by over US$2.50 to US$72.95 a barrel on concerns over the diminishing pace of economic recovery, negatively impacting expectations for incre...
An efficient and economic process to convert natural gas into ethylene is being developed by Siluria Technologies. Siluria is working on a proprietary catalytic process for the direct con...
Hyundai Engineering and Construction Co has been awarded a US$930 mln order to build petrochemical facilities from the UAE's Abu Dhabi Polymer Company. Hyundai said the order was part of ...
A leakage in the largest tank at South Korea's Yeochun Naphtha Cracking Center (YNCC) in May, led to a shutdown. Contents of the 10,000 ton capacity ethylene tank were emptied and transf...
Hard hit by the global economic slowdown in 2009, the European polymer blends and alloys market is on the upswing again, thanks mainly to high growth potential in Eastern Europe, particul...
China Petroleum & Chemical Corp. (Sinopec) has embarked upon a program to expand an oil refinery in Wuhan city and resumes construction of an ethylene unit at the plant. Construction work...
A steep decline in Asian ethylene margins seems to have been largely triggered by the perturbing state of China's polyethylene (PE) market as per ICIS at the time of a supply glut in the ...
After having risen for five consecutive months in Europe, spot propylene prices have been posting gradual decreases since the last week of May, losing €60-85/ton as per Chemorbis. Europe’...
BASF developed E-por, a material which is based on a new formulation and is manufactured in a new production process. E-por is the first tough-elastic, crack-resistant foam which can be t...
Borouge has formally signed three major Engineering, Procurement and Construction (EPC) contracts valued at approximately US$2.6 bln for its Borouge 3 strategic expansion in Ruwais, Abu D...
Naphtha cracks in Asia have plunged to 8 month lows and Asia's naphtha price fell to three-week low, as oversupply dragged down sentiments despite demand from South Korea. LG Chem has pur...
Recovery in bank lending in Saudi Arabia has helped Saudi Basic Industries Corp (SABIC), get a SR 4.5 bln (US$1.2 bln) credit facility to finance expansion plans. An agreement has been si...
The Economic Cooperation Framework Agreement - a trade agreement has been signed between Chin and Taiwan, helping lift tariffs on 539 products from Taiwan and 267 products from China. Thi...
Taiwan’s Formosa Petrochemical Corp. has rescheduled a 40-45 day maintenance shutdown from September to mid August at its No. 2 ethylene plant. The change has been made to adjust to a con...
CRUDE OIL Crude oil has witnessed volatility in the week of Jun 28, 2010. Oil started the week at US$76 a barrel and sharply rose above US$7...
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