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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
As buying interest gets increasingly robust, India's Mangalore Refineries and Petrochemicals Ltd (MRPL) has fetched a premium of US$22/ton on a naphtha cargo of 90,000 tons for December-F...
The Chinese government is apparently edging closer to ending a ban on direct imports of whole PET scrap bottles as per PlasticsNews. This decision is being watched by the global recycling...
A latest report by Chemical Market Associates, Inc. (CMAI) reveals that the global economic recession severely impacted olefin demand growth in conjunction with the start-up of significan...
As the US$3 bln petrochemical cracker complex by Shell at Pulau Bukom is expected to come onstream in Q1-2010, downstream polymer processing units are expected to mushroom in the region. ...
Pemex Gas y Petroquímica Básica, a subsidiary of state oil company Petroleos Mexicanos, had recently announced inking a MOU for a planned US$1 bln ethylene cracker on Mexico’s Gulf Coast....
Indian Oil Corp (IOC) has concluded two deals for a total of 66,500 tons of naphtha to Vitol at unexpected premiums in a firmer market. As compared to previous transactions, the premiums ...
North Africa’s chemical industry that is in its nascent stage, seems poised for promising growth. Several factors are conducive for this growth - abundant supply of natural gas feedstock,...
Robust demand from Taiwan and South Korea has impacted the Asian naphtha markets despite a steady flow of supplies from India. India's Reliance Industries has fetched a premium higher by ...
High-temperature Ultem* 1000 resin from SABIC Innovative Plastics has been chosen by leading provider of beverage solutions, to create a new low-dose bump pump for its latest coffee dispe...
ExxonMobil and its partners, Sinopec and Saudi Aramco, have celebrated the full operation of China’s first integrated refining and petrochemical facility with foreign participation. This ...
While Egypt’s economic performance is set to deteriorate, it is still better than many other markets, with petrochemicals demand expected to grow albeit at lower rates than in previous ye...
Braskem and Idesa, the two partners in Ethylene XXI project are seeking finance for a planned US$2.5 bln venture. Braskem and Idesa have also held conversations with export-import banks,...
Sumitomo Chemical Co. and Saudi Aramco have celebrated the completion of a major petrochemical plant built in Rabigh, western Saudi Arabia. The new plant, built at a cost of US$10.3 billi...
Futerro has started up its 1500 tpa demo unit in Escanaffles, Belgium to test a state-of-the-art technology for the production of Polylactic Acid (PLA). The technology has been developed ...
Ethylene output in Japan rose 19% in October vs October 2008. Output increased to 631,400 metric tons as petrochemical producers boosted operating rates to meet recovering demand from Chi...
After ardous negotiations, Kuwait Petroleum Corp (KPC) has terminated contracts for December-November annual naphtha contracts with all Japanese buyers, in a never before move. This has l...
Saudi Basic Industries Corporation (SABIC) has officially inaugurated the new premises of its Asia Pacific headquarters in Singapore. The ceremony took place in conjunction with the inter...
As tropical storm Ida weakened along with a dip in the US dollar, oil prices rose past US$79/barrel. Earlier in the day, Ida had been listed as a Category 1 hurricane and was estimated to...
CRUDE OIL A marginal rise was seen in crude oil prices past US$77 per barrel in New York in the week of November 9, 2009. Prices rose mid wee...
State-owned Qatar Petroleum International is to acquire a stake in Royal Dutch Shell PLC's chemical joint ventures in Singapore. Other details have not been disclosed. Shell Eastern Petr...
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