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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
Bankrupt petrochemicals maker LyondellBasell has charted a restructuring plan as an option after it rejected a US$14.5 bln bid from Indian energy major Reliance Industries Ltd. The offer ...
In a bid to diversify into the downstream petrochemical business and add additional revenue streams, Philippine’s biggest oil refiner Petron Corp. plans to indirectly acquire a stake in a...
Restricted avails due to a dearth of arbitrage cargoes has pushed up the premiums realized by India's Oil & Natural Gas Corp (ONGC) and Reliance Industries. ONGC has realized a premium o...
Japanese ethylene production has spiked by 27.6% to 593,200 tons in February 2010 vs 465,000 tons in February 2009. Propped up by robust demand from China, ethylene production has increas...
In a bid to reassert itself as a trading force in the next few years, Mitsui plans to restart oil trading in Singapore by as early as next year. After a 3 year interruption at Singapore, ...
A way to transform polyethylene into a material that conducts heat just as well as most metals, yet remains an electrical insulator has been discovered by an MIT team. The new process cau...
Oil prices have fallen as forecasts for growing crude inventories toned down bullish sentiments about global economic recovery. Light sweet crude for April delivery traded at US$81.4 whil...
In view of the still fragile PS demand in Italy, an official distributor of a Central European producer decided to ask for a smaller increase for March as larger increases will not find a...
Middle Eastern producers have offered March PE to Turkey and Egypt at different pricing policies, particularly for the tightly available LLDPE in Turkey. As per Chemorbis, a regional prod...
The preliminary work on a petrochemical project in Jubail with Saudi Arabian Mining Co (Maaden) and South Korea's Daelim Industrial Co will cost about US$41 mln. Both the partners have in...
INEOS Olefins & Polymers Europe has restarted its 320,000 tpa linear low density polyethylene (LLDPE) plant at Grangemouth, UK, but maintained the force majeure for some time, as per ICIS...
Azerbaijan's national chemical operator state-run company Azerikimya, seems close to realization of project of construction of a petrochemical complex and a fertilizer factory in Azerbaij...
Rising US ethylene prices have given a significant bump to LyondellBasell’s olefins earnings, but continue to squeeze polyethylene (PE) margins as per ICIS. For most of 2010, ethylene pri...
Eurocontrol Technics Inc., a Canadian public company, through its wholly owned subsidiary Global Fluids International S.A. (GFI), has inked its first petrochemical marking contract in Bra...
The Chinese government’s lack of enthusiasm to achieve an aggressive GDP growth has brought down optimism for petrochemicals demand in 2010. For 2010, the government had set a very conser...
Naphtha prices and naphtha cracks dipped in Asia on expectations of weaker demand for May cargoes as compared with April. Buying interest for April parcels is expected to remain strong ...
Karnataka state government, through the Karnataka State Industrial Investment and Development Corporation (KSIIDC) Ltd., has confirmed its decision not to pursue claims for the Petroleum,...
Benchmark crude for April delivery rose by over a dollar to US$81.50 on the Nymex and in London, Brent crude rose to US$79.89 on the ICE futures exchange. Data from the Government’s une...
A plastic bag manufacturer in Malaysia reported to have received offers for HDPE film for re-export purposes from a Chinese trader this week at US$1350/ton CIF Malaysia, cash, for Iranian...
When sellers concluded pre-holiday business in China, the market was rife with expectations of stronger demand and firmer prices pos-holiday in the last week of February. As per Chemorbis...
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