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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
Benchmark crude for February delivery has dropped to US$78 a barrel on the Nymex. Crude-oil prices have weakened for the fifth consecutive day on release of economic data from USA that fa...
In a move to benefit form rising domestic demand and maintain its 40% market share, Indonesia’s Tri Polyta plans to increase production capacity by about 30% to 480,000 tpa. An investment...
To overcome the limitations of expanding its existing refinery in Mumbai, state-run Hindustan Petroleum Corporation (HPCL) plans to invest Rs 20,000 crore to set up a greenfield project i...
Asia is likely to see a lower pool of naphtha imports from Europe, as freight costs increase and premiums get stronger, restricting fresh bookings, as per ICIS. The arbitrage window was e...
China will be the principal driver for global light olefins demand up to 2020 as per a report by Research and Markets. The rapid increase in downstream capacity additions of polyethylene...
Hostalen, a new polypropylene (PP) resin that meets customer requirements for innovative stormwater management systems has been launched by LyondellBasell Industries. The new, natural PP ...
A trader in Southeast Asia reported that they lifted their offers for Indian homo-PP to the region this week by US$80/ton in accordance with their supplier’s price hikes, bringing the tra...
The rally in Asia’s PE markets has started to fizzle out after robust buying pushed up prices since the beginning of the year. This can be attributed to the decision by the Chinese Centra...
PTT Plc aims to complete the merger of its four petrochemical and refining units by 2012. Thailand’s number one energy company expects to conclude the merger plan of three listed subsidia...
A Rio de Janeiro judge has removed an injunction prohibiting negotiations between two Brazilian petrochemicals majors Braskem and Quattor. A possible merger between the two will result in...
The West Bengal PCPIR to be located in Nayachar, is facing resistance from environmental groups and political rivals. Nayachar was chosen primarily for its proximity to Haldia. Indonesia’...
Asian naphtha cracks rebounded to their highest in 3 and a half weeks as market sentiments firmed up at a time of weaker premiums coupled with Taiwan having fulfilled its February needs. ...
Idemitsu Kosan Co. no longer holds a December-November term contract with Kuwait since last year. The Japanese petrochemical maker has bought a naphtha cargo from India’s Bharat Petroleum...
A sudden outage at Kuwait Petroleum Corp (KPC)’s newly commissioned aromatics plant- KARO, has shut the plant for 5 days. As per market estimates, the plant was running at around 65% ca...
The Taiwanese petrochemicals industry is set to witness significant growth in capacity over the next five years, but will come under pressure from increased competition in the Chinese mar...
Rhodia has announced that it is offering its customers three new functionalities which have been added to its technology for predicting the mechanical behavior of filled polymers, MMI Con...
In China, domestic PVC k67-68 offers have increased for acetylene and ethylene based PVC vs last week, as overall market activities slowed today, especially for acetylene based PVC, as pe...
Russian oil firm Tatneft is in talks to refinance a US$2 bln loan signed in April 2008 to construct a refinery and petrochemical complex. The project includes an aromatics complex with a ...
Mangalore Refinery and Petrochemicals Limited (MRPL) plans to speed up until 2011, fund flows into three major projects - the Phase III Refinery project, the Polypropylene unit and the CD...
Aggravating naphtha supply problems in Asia is the abrupt decision by Abu Dhabi National Oil Co (ADNOC) to reduce splitter naphtha export volumes for January-February lifting by around 10...
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