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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
Enormous demand in countries such as China and the feedstock cost advantages of the Middle East mean the Asia-Pacific and Middle East regions will account for more than 80% of planned PE ...
State-owned Saudi Aramco plans to invest approximately US$120 bln over the next 5-6 years in developing projects in the oil and petrochemicals sectors. With completion of several refinery...
Backed by abundant feedstocks at economic rates, higher profits and increased market share, Saudi Basic Industries Corporation (SABIC) continues to expand even as rivals such as BASF and ...
JG Summit Petrochemical Corp.’s long delayed naphtha cracker will be subject to government inspections amid a review of the company's tariff protection. JG Summit, represented by the Asso...
Crude oil for March delivery rose by over a dollar to US$72.3 a barrel on the Nymex, and to US$71.6 in London. Late last week, the contract fell to the lowest settlement since Dec. 15, as...
Mitsubishi Chemical Holdings Corp and Asahi Kasei Corp had announced plans to integrate operations of their plants in Okayama Prefecture, in April 2009. The merger was planned to meet the...
In view of robust demand and ongoing supply issues, some players have started to express bullish expectations for March in Italy’s PE market, as per Chemorbis. Minimum price hikes of €100...
Price of domestic LDPE film has spiked up to EGP1400/ton (US$256/ton) in Egypt since the beginning of January. This situation is mainly attributed to limited import availability from main...
Sunoco is selling its Marcus Hook subsidiary, Sunoco Chemicals Inc along with its polypropylene unit for US$350 mln to Braskem. Located adjacent to Sunoco refinery, the unit is operationa...
A new Composite Polymer claimed to be the hardest and stronger than the strongest metal as been unveiled by chemists at the Bangalore-based Jawaharlal Nehru Centre for Advanced Scientific...
Growth has been forecast for biodegradable polymer markets as per a report by SRI Consulting (SRIC). The report states that global biodegradable polymers market doubled from 2005 to 2009....
Crude futures weakened on Friday, after sharp fall of around 5% on Thursday, amid a strengthening in the US dollar, unemployment worries, and concerns over the strength of the Euro zone e...
Taiwan’s Formosa Plastics Group plans to invest NT650 bln in three major petrochemical and steel projects at home as well as overseas in 2010. These include: The fifth-phase expansion o...
In a bid to gain from higher profit margins, Thailand’s IRPC Plc plans to change its focus from commodities to specialty plastic. This step will move IRPC (Southeast Asia's number one int...
Players in South East Asia have started to receive offers from new PP and PE capacities belonging to Borouge and the Siam Cement Group (SCG). A converter in the Philippines reported that ...
The spot markets for styrene and derivative PS are moving in opposite directions this week in Asia as per Chemorbis. Spot PS prices are slipping even as feedstock SM prices are rising to ...
Prices of select petrochemical products in Asia have been on a downtrend in the absence of a major demand. China’s petrochemicals markets were lacklustre ahead of Lunar New Year celebrati...
From World No 1 supplier of polyethylene terephthalate (PET), Eastman Chemical Co. seems on the verge of exit from the business. The company’s performance polymers business has been a non...
Indian petrochemicals manufacturer JBF Industries Ltd. has inked a Memorandum of Understanding with state owned Oman Oil Company SAOC (OOC) to jointly build a major purified terephthalic ...
PVC and PET prices have been on the rise in North America since the beginning of the year. Suspension PVC prices have risen by an average of 5 cents/lb and by 3 cents/lb for PET bottle re...
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