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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
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...
Propylene for June fell by 8 cents/lb (US$176/ton) on weaker demand and a persistent slide in spot prices, as per ICIS news. This takes polymer-grade propylene (PGP) to 55.50 cents/lb and...
Spot VCM prices in Asia have begun to move downward after resisting the pull of the declining upstream ethylene and downstream PVC prices for some time, as per Chemorbis. This reduction i...
Asian naphtha cracks hit a three-session high of US$119/ton mostly due to market reaction to contaminated cargoes from Rabigh, but saw limited price gains on heavy arbitrage arrivals- 1.2...
Trailing positive data of robust US home and auto sales reports that propped up Wall Street, oil prices have rebounded to levels of US$74. New York's main contract, light sweet crude for ...
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