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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
Falling feedstock costs and overall weakness in the global PVC market has been pulling down US PVC offers in several major markets since the beginning of May. As per Chemorbis, regional o...
Researchers from Bayer MaterialScience and Bayer Technology Services are working together with RWE Power AG and academic partner RWTH Aachen University on the sustainable use of carbon di...
Oil and Natural Gas Corp (ONGC) is in discussions with 3-4 overseas players for a private equity placement. ONGC plans to incorporate this strategic partner for its mega petrochemical pla...
The EU has levied new tariffs on the UAE, Iran and Pakistan for polyethylene terephthalate, on grounds that EU producers were impacted by subsidies and price undercutting. Subsidies on oi...
Exxon Mobil Corp will not delay the start up of its new petrochemical plant in Singapore despite the glut in ethylene supplies. "We are into long-term investments. The petrochemical indus...
PetroChina Liaoyang Petrochemical Company's 1.4 mln tpa naphtha reformer is scheduled to be completed by end of next month. As per Platts, commercial operation is scheduled to start in Se...
Benchmark crude for July delivery rose to US$72.6 in Asia in electronic trading on the New York Mercantile Exchange. Oil prices were boosted by anticipation of rising fuel demand just pri...
French oil services company Technip SA has been awarded three turnkey contracts for Mangalore Refinery & Petrochemicals Ltd., worth €25 million, for the expansion project of a refinery in...
Riding on fast economic growth and strong domestic demand, the Indian chemical industry, consisting of petrochemicals, inorganic compounds and specialty products and gases is expected to ...
Borouge has started operations at key units - ethane cracker and polyethylene plant of the US$5 bln, phase two expansion of its facility at Ruwais. This 1.5 mln tpa cracker is the world’...
The higher price of LPG vs naphtha has prompted Taiwan's CPC Corp. to sell the refrigerated LPG that it imports on term contract from Saudi Aramco in the domestic retail market, as per Pl...
A propylene gas leak has occurred at Shell Motiva. Authorities say the leak has been isolated and stopped and no other precautionary measures are needed. A road in the vicinity has been c...
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...
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