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Net profit at BASF rises to €1.03 bln on demand for petrochemicals, plastics and ingredients for cosmetics

Driven by recovering demand for petrochemicals, plastics and ingredients for cosmetics, BASF SE reported profits and sales that beat analyst estimates in Q1-10. Net profit increased to €1...

30-Apr-10

Asian PE producers unlikely to achieve price hike targets for May

Finding support from higher ethylene feedstock costs, Asian regional producers have announced significant increases on May PE offers to both China and Southeast Asia, as per Chemorbis. Ho...

30-Apr-10

Plummeting ethylene spot prices in USA opening up arbitrage to Asia

Increasing supply in USA caused by cracker restarts as well as weak derivative polyethylene (PE) demand have tanked ethylene prices in the country. The recent plunge in US ethylene spot p...

30-Apr-10

Global polyolefins demand estimated to have decline in 2009 by 0.14% compared to 2008

Global polyolefins demand is estimated at 111 mln tons in 2009, a decline of 0.14% compared to 2008 as per Chemsystems. However, this compares favorably against the corresponding fall of ...

30-Apr-10

Future Developments in PVC Formulation

PVC recipes are currently evolving to take into account legislation against the use of heavy metal stabilisers worldwide, trends in flame retardants and the controversies over the use of ...

30-Apr-10

Top-End automotive materials for electric and hybrid vehicles into high gear

SABIC Innovative Plastics has introduced a portfolio of advanced Noryl and Valox automotive resins designed to help customers create alternative power train solutions by displacing weight...

30-Apr-10

Mega petrochemical projects in the Middle East to boost production

Mega projects in the UAE, Saudi Arabia and other Arab countries will sharply boost the region's petrochemical production in the next few years. Saudi Arabia, the world's oil basin, could ...

30-Apr-10

Braskem to cut investments in Venezuelan petrochemicals plant, delay Poliamerica PE plant

Brazilian petrochemicals company Braskem and Venezuelan state oil company PDVSA have jointly agreed to cut investments in a petrochemicals plant in Venezuela and to delay a second one. ...

30-Apr-10

AkzoNobel to add plant at Ningbo multi-site for its Functional Chemicals business

AkzoNobel is to build an additional plant at its Ningbo multi-site for its Functional Chemicals business. The new €17 mln project – part of a total investment of €275 mln – will further e...

30-Apr-10

Honam Petrochem cancels plans of US$2.6 bln JV petrochemicals complex in Qatar

Preferring to strengthen production at home, South Korea’s Honam Petrochemical has called off plans to build a US$2.6 bln JV petrochemicals complex in Qatar with state-energy company Qata...

29-Apr-10

DuPont Packaging & Industrial Polymers announces price hikes

DuPont Packaging & Industrial Polymers is announcing a price increase for Europe, Middle East and Africa of 0.15 Euro/kg for its DuPont™ Elvax® (ethylene vinyl acetate copolymers) and DuP...

29-Apr-10

Construction at Dung Quat Polypropylene Plant underway

Construction of Vietnam’s Dung Quat polypropylene packaging production plant has commenced this month at an investment of VND140 bln with an output capacity of 36 mln plastic bags pa. Thi...

29-Apr-10

Net profit at Formosa Petrochemical Corp soars more than threefold

Taiwan’s largest petrochemical conglomerate- Formosa Petrochemical Corp has announced that its net profit soared more than threefold to NT$10.97 bln in Q1-10 from NT$2.66 bln in Q1-09. Re...

29-Apr-10

A polymer when applied to a fresh wound stops bleeding within five seconds

A polymer which when applied to a fresh wound stops bleeding within five seconds has been developed by researchers at the Department of Biological Sciences and Bio Engineering of IIT-Kanp...

29-Apr-10

After negative impact by the Greek crisis and stronger dollar, oil prices rise

Tuesday saw oil prices being negatively impacted on Tuesday- a day of being rocked by the Greek crisis and the strengthening dollar. A day after these jolts, oil prices have seen a rise- ...

29-Apr-10

Titan’s Q1-10 revenue up 48%

Titan Chemicals Corp Bhd posted a lower net profit of RM105.73 mln in Q1-10, ended March 31, from RM130.16 mln it reported a year ago due to the higher price of naphtha which squeezed gro...

29-Apr-10

Dow’s reported sales rise 48% in Q1-10 vs Q1-09

Dow’s Q1-2010 Highlights: -- Reported sales rose 48% versus the same period last year. On a pro forma basis excluding divestitures, sales were up 33% and up in all geographic areas, with...

29-Apr-10

Petrochemical producers see healthy margins and high prices in Q1-10

Q1-2010 witnessed rising plastics prices with healthy margins for integrated producers amid relatively crude oil prices that have been high within a confined range, as per Chemorbis. Impr...

29-Apr-10

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended April 26, 2010

CRUDE OIL Oil prices have risen in the week of April 26, 2010. At the end of the week, June Brent crude stood at US$87.5 while US light, swee...

28-Apr-10

Graphene should be the nanomaterial of choice to strengthen composite materials

Three new studies from researchers at Rensselaer Polytechnic Institute illustrate why graphene should be the nanomaterial of choice to strengthen composite materials. Composites infuse...

28-Apr-10