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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
Taiwanese petrochemical and textile firm Far Eastern New Century Corp. plans to expand its green energy business by developing more recyclable and biodegradable materials. The company's 5...
Kuwait Petroleum International (KPI) plans to slash naphtha exports from its refinery in Sicily. The subsidiary of Kuwait Petroleum Corp plans to sell one cargo of 26,000 metric ton napht...
Crude oil futures for July delivery have fallen to US$77.2 on uninspiring data released by a report on US existing home sales, a rising dollar, and news of an increase in US commercial cr...
Prices fell at a faster pace in the global petrochemicals market with the average daily price of Platts Global Petrochemical Index (PGPI) dropping 7.5% from US$1237/MT in April to US$1144...
Over the past week, Italy’s PS market was lackluster as buyers preferred to buy on a hand to mouth basis. As per Chemorbis, the main reason behind buyers’ cautious behavior was their conf...
CRUDE OIL Crude oil prices have risen to levels past US$77 in the week of June 21, 2010. Towards the end of the week, prices for July rose to...
Emmbi Polyarns Limited has announced acquiring a 25% stake in international marketing company - Global Bag, a Czech Republican company. The deal size has not been disclosed. Global Bag is...
Brazil's state owned energy firm Petrobras plans an investment outlay of US$5.1 bln in petrochemicals for the time period 2010-14. This indicates a fall in the outlay amount of US$5.6 bln...
Companies from Japan, South Korea, Italy and the United States have bid to build the proposed 200,000 bpd Nghi Son refinery in Vietnam- the country’s largest. Petrovietnam is developing t...
Huntsman Corporation has announced prepayment of a US$110 mln under its senior secured credit facilities. Commenting on the pre-payment, Kimo Esplin, EVP and CFO, stated, "The pre-paymen...
About six to seven plastic processing companies from Gujarat have decided to set up units at the upcoming Tinsukia Plastic Park in Assam for a total investment close to Rs 150 crore in re...
Petrochemical producers in China could become less competitive in global markets as the yuan strengthens. As per ICIS news, the country’s recent moves to enhance the yuan’s flexibility an...
Foster Wheeler AG has been awarded a contract in China to design and build three steam generators for Sinopec Wuhan. The circulating fluidized-bed generators will be for Sinopec Wuhan’s c...
SK Energy plans to spin off petrochemical divisions as independent subsidiaries in January 2011, to boost bottom line since revenue streams from conventional petrochemical markets show si...
Across the globe, spot PET prices have weakened in line with softening feedstock costs and poor demand, as per Chemorbis. Concerns about the health of the global economy and relatively mi...
In a US$23.8 bln deal, China State Construction Engineering Corp. Ltd. and Nigerian National Petroleum Corp. - Nigeria's state-run oil company have inked a memorandum of understanding to ...
A 40% drop in naphtha exports to Asia in being anticipated as refiners lift supply and prices in Singapore discourage shipments from Europe, as per Bloomberg. Based on a survey of four Eu...
Vietnamese and overseas partners are preparing to sign an Engineering, Procurement and Construction (EPC) contract for the Nghi Son refinery and petrochemical complex. Value of the contra...
Asia's No.4 crude oil refiner SK Energy, plans to focus on exploration and production of oil, and research and development of energy. The South Korean major plans to spin off its crude oi...
Despite a rise of US$4 per barrel in oil prices since beginning of the month, styrene prices continue to lose grounds in Asia and Europe causing buyers to anticipate decreases in PS marke...
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