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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
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...
China’s central bank; the People’s Bank of China (PBoC) has taken clear measures to curb aggressive lending. PBoC announced plans to raise its reserve requirement (a portion of deposit th...
Crude oil prices dipped below US$80/barrel on release of report by the Energy Information Administration that oil supply in USA grew by 3.7 mln barrels last week, well above the average f...
Iran’s 20-Year Outlook Plan envisions petrochemical output to reach 100 mln tons by 2015. In a bid to meet these targets, Iran plans construction of 46 new petrochemical complexes in next...
Ineos Phenol and Sinopec Yangzi Petrochemical are in the process of planning a JV to build and operate China’s largest phenol and acetone manufacturing site at the Nanjing Chemical Indust...
Compared to all previous versions in BASF’s high performance resin range, Ultrason KR 4113, a representative of the polyethersulfone product line (PESU), offers hitherto unique friction c...
According to market players in China, a couple of overseas producers have managed to conclude February deals for PP about US$100-150/ton higher from their January levels, as per Chemorbis...
A Middle Eastern producer announced a US$100-110/ton increase in January PE offers to Malaysia this week, vs their December offer levels, as per Chemorbis. This was in line with the marke...
Higher upstream costs and globally firm styrene markets have led to additional hikes in price of polystyrene (PS) over December levels, as per Chemorbis. December saw PS prices in Asia pe...
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