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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
LyondellBasell has declared force majeure on polypropylene (PP) from its Polish JV. The joint venture Basell Orlen Polyolefins (BOP) has capacity to produce 400,000 tpa of PP and is locat...
Gas Authority of India Limited (GAIL) has reported a 45% rise in its net profit to Rs 911 crore for Q4 ended March 2010. GAIL plans to invest nearly Rs 35,000 crore in the next 3-4 years ...
Oil prices have retreated by US$18.01 per barrel since the beginning of May falling below US$70 to US$68.01 as of May 21, as per Chemorbis. Sharp decreases in oil prices have finally take...
Ineos was unconfirmed to have declared an ethylene force majeure and put its ethylene buyers on 80% allocation due to delays in restarting its Chocolate Bayou, cracker, as per Platts. Cau...
SK Energy is building the world’s first naphtha-cracker using advanced catalytic olefin (ACO) technology. The factory is expected to start operating in October. The conventional pyrolysin...
BP Refining and Petrochemicals (BPRP) has declared force majeure on propylene (C3) supplies from its PCK Schwedt, Germany, and Nerefco Rotterdam, Netherlands refineries as per ICIS. A gas...
BP Plc plans to shut a 1.05 mln tpa ethylene plant for maintenance at its Gelsenkirchen chemicals site, as per Bloomberg. Unconfirmed reports state that one of two cracking units will be ...
Amid falling crude oil prices, Asian petrochemical prices have plunged partly due to destocking activities. The declines are likely to continue due to high inventory levels amid lacklustr...
Through co-development efforts with SABIC Innovative Plastics, Japan’s Nissei Eco Company Ltd. has created a unique solution to significantly reduce the environmental impact of wire harne...
By the middle of the previous week, sellers began to reveal their sell ideas for PE products to Southeast Asia. As per Chemorbis, decreases were reported across the board for June busines...
Europe’s sovereign debt problems have pulled down the euro to a four-year low at 1.2144 vs the US dollar as analysts are concerned over a sustained fall in the coming months given the eco...
Oil prices have ended the previous week at levels near US$70 per barrel in Asia. Growing concerns that the financial crisis in Europe could weaken global economic recovery and demand for ...
The crude distillation unit at LyondellBasell’s refinery in Houston caught on fire. Firefighters subdued the fire within an hour and no injuries were reported from the incident, although ...
Oil has plunged over $15/barrel since start of the month. Naptha prices have also lost over $76/ton during this period. However as per Chem Orbis spot propylene has lost only $35/ton in A...
ORLANDO, FL, U.S.A., May 16, 2010—Following longstanding practice, ANTEC® 2010 marks the beginning of one-year terms for new officers of the Society of Plastics Engineers (SPE), it was an...
CRUDE OIL Oil prices have ended the week of May 17, 2010 at levels near US$70 per barrel in Asia. Growing concerns that the financial cris...
Polystyrene prices are showing a downward trend in Asia on the back of reduced demand from China and fall in oil prices. As per ChemOrbis, Asian GPPS and HIPS prices recorded $10-30/ton d...
At US$69.82, oil prices have dipped below US$70 - their lowest in over three months as concerns mount about Europe's debts, the weakening euro vs the US dollar and growing US oil inventor...
Saudi Arabia-based Al-Waha Petrochemical Co’s 450,000 tpa polypropylene (PP) unit was taken offline this week owing to a technical issue at the Al Jubail site, as per ICIS. The facility h...
Nigerian National Petroleum Corporation (NNPC) and China’s State Construction Engineering Corporation (CSCEC) have signed a US$23 billion agreement for the construction of three refinerie...
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