Surging gasoline consumption, demand from petrochem to push naphtha consumption past 960 MMT by 2026

Surging gasoline consumption across the globe coupled with rising demand for naphtha based petrochemicals in developing countries to fuel global naphtha consumption through 2026 , as p...

MENA oil producers continue heavy spends on oil, gas and petrochemicals’ capacity despite weak oil

About US$294 billion of oil, gas and petrochemicals projects are in the pre-execution phase across the Mena region even as concerns about global oversupply continue to suppress oil pri...

Ethylene spot trades in Europe at premium to contract price ahead of cracker turnaround season starting March

European ethylene spot traded Monday at a premium of Eur80/mt to the monthly contract price of Eur1,020/mt FD NWE for February, reflecting a tightening market ahead of a major cracker ...

Opportunities for the basic petrochemical industry to cross US$603 bln by 2021

The future of the global basic petrochemical industry looks good with opportunities in construction, transportation, agriculture, textile, industrial, electronics, healthcare and consu...

Taiwan's Formosa seeks permit from Louisiana for US$9.4 bln investment

Formosa Plastics Group is seeking permission from the U.S. state of Louisiana to invest US$9.4 bln to build petrochemical plants, as per Bloomberg. The Taiwanese chemicals produce...

Indian Oil to deliberate on Rs 52,000 crore expansion of Paradip refinery in Odisha on withdrawal of tax sops

State owned Indian Oil Corp has threatened to reconsider plans to invest Rs 52,000 crore on expansion of Paradip refinery in Odisha and setting up a petrochem project as the state gove...

SONGWON in distribution partnership with Biesterfeld Turkey for polymer stabilizers

SONGWON Industrial Co., Ltd. has announced signing of an agreement with Biesterfeld Turkey for the distribution of comprehensive range of polymer stabilizers. In the past several ...

Strong growth in global electroactive polymers market by 2024

The global market for electroactive polymers is expected to progress at a CAGR of 7.6% from 2016 to 2024, with respect to revenue. The revenue is expected to reach US$3.15 bln by the e...

European petrochemical end-users to crack more LPG, less naphtha in March

Many European petrochemical end-users are expected to resume cracking propane in March and crack more butane as both gases' prices are likely to weaken relative to naphtha due to t...

Flowserve awarded US$80 million supply contract for Hengli refining complex

Flowserve Corporation announced an order close to US$80 million to provide pumps and ebulators for the Hengli Integrated Refining Complex Project, a 400,000-bpd final conversion refine...

Flowserve awarded US$80 million supply contract for Hengli refining complex

Lotte Chemical Titan plans to start construction of US$4 bln naphtha cracker in Indonesia

Lotte Chemical Titan, a local petrochemical unit of South Korean conglomerate Lotte Group, plans to start construction of a US$4 bln naphtha cracker plant in Indonesia next y...

Multifunctional thermoplastic composite of buckypaper framework and Parmax

Two researchers from the United States have created a series of flattened-nanotube reinforced thermoplastic composites, which have been fabricated as a function of buckypaper loading. ...

Tight supply boosts propylene in Asia to 22-month high

The FOB Korea marker in the propylene market hit a 22 month high in the middle of last week, as the marker was assessed at US$1,000/mt, as per Platts. The last time the marker was at t...

Naphtha exports from India expected to fall in 2017

India's 2017 naphtha exports are expected to fall, after the volumes rose for the first time in five years in 2016, as per Reuters. India's 2016 average monthly gross exports s...

Bharat Petroleum mulls 1.5 mln tpa naphtha cracker at INR 6,000 - 7,000 crore in Bina

State-run Bharat Petroleum Corp. Ltd (BPCL) plans to set up a petrochemicals unit at its Bina refinery in Madhya Pradesh as part of its Rs25,000 crore expansion plan for the refinery. ...

Egyptian Petrochemicals Holding Co mulls 4 projects at an outlay of US$5 bln

The Egyptian Petrochemicals Holding Company (Echem) is considering setting up four projects to produce derivatives of propylene, ammonium, formaldehyde, and medium density fiberboard (...

LPG consumption in S. Korea rises as substitute for naphtha as petrochemical feedstock

A shift in the use of liquefied petroleum gas (LPG) as feedstock for petrochemicals is propping up demand for the fuel to new records in South Korea, as per Reuters. Commercial vehicle...

Naphtha faces competition from abundant Natural Gas Liquids

Growing competition from less costly natural gas liquid (NGL) feedstocks—much of them coming from North American shale gas -- have dealt a blow to global demand for naphtha, acco...

Global PET market to see robust growth for next five years on demand from APAC

The global polyethylene terephthalate (PET) market is estimated to grow at a CAGR of more than 7% from 2017 to 2021, as per Technavio. The PET market size is expected to reac...