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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
Polyethylene capacities in the Gulf will more than double from 10.7 mln tons in 2009 to 21.5 mln tons by the year 2015, polypropylene capacities will augment from 4.8 mln tons in 2009 to ...
French oil major Total is in talks with state Saudi Aramco to build a cracker at their 400,000 bpd joint crude oil refinery in Jubail, as per Reuters. The refinery, which is export and do...
Mexico's state oil company Pemex is reported to have sued German chemical maker BASF AG and several oil trading companies as per Reuters. Pemex has alleged that these parties had illegall...
Despite the current glut in ethylene supplies amid weakening buying sentiments and outlook, ExxonMobil will not delay the start up of its new petrochemical plant in Singapore. The ethylen...
Exxon Mobil Corp is testing the commercial viability of algae biofuel as an alternative energy source to supplement oil and natural gas. Although oil, coal and natural gas are expected to...
CRUDE OIL Oil prices have ended the week of June 7, 2010 with a fall to levels around US$70 as slowing economic recovery in USA and warning...
US spot ethylene and propylene markets have posted large declines over the past two weeks on easing supply levels and poor buying interest, as per Chemorbis. Monthly contract prices for b...
Asian naphtha cracker operators are considering a reduction in plant operating rates in H2-10, as per ICIS. Propped by robust variable margins of over US$400/ton helped by a strong perfor...
Tamil Nadu (TN) state has already proposed a Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) to be set up in Cuddalore-Nagapattinam. A petroleum refinery project being im...
Oil prices have fallen to levels around US$70 as slowing economic recovery in USA and warnings about Hungary's debt dimmed outlook for energy demand. US crude for July fell to US$69.5, be...
The Environmental Protection Administration (EPA) is to investigate Formosa Plastics Group’s Naphtha Cracker No. 6 to find out the contribution and impact to the society made by the crack...
Open spec naphtha for H2-July have collapsed by over US30 to US$645/ton levels. Feeble petrochemical margins and abundant supplies have tanked naphtha cracks by over a dollar to US$110/to...
CIMB Investment Bank Bhd is to be lead advisor for the initial public offering (IPO) of Petroliam Nasional Bhd’s (Petronas) petrochemical business. Deutsche Bank and Morgan Stanley will b...
Shorter cycle times, lower energy costs, increased downgauging possibilities are being offered by SABIC®’s PP Flowpact range of impact copolymers, designed to provide major benefits to co...
The new ChemOrbis “Price Forecast” tool allows players to make their own forecasts and then compare them with the rest of the market for the following four weeks. It allows users to view ...
In recognition of the United Nations Environment Programme's (UNEP) World Environment Day (June 5), ADNOC-Distribution and Borouge have signed an agreement to provide consumer waste segre...
The Andhra Pradesh Government is finalising the process to invite bids for the appointment of a consultant for the master plan for the proposed PCPIR (Petroleum, Chemicals and Petrochemic...
The Brazilian Innovation Agency (FINEP), and Brazil's National Development Bank (BNDES) entered a new partnership to promote ethanol development, establishing a program that will provide ...
Samsung Engineering and JV partner Tecnimont (Italy) received a contract for a US$1.25 polyolefin plant and a US$400 mln low density polyethylene (LDPE) plant from Abu Dhabi Polymers Co. ...
Prices for high density and linear low density PE are down an average of 6 cents/lb and low density PE have fallen by an average of 4 cents, as per Plastics News. The fall has been trigge...
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