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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
The Asia Pacific region has more than 10 mln tons of planned capacity additions accounting for more than 50% of the global planned capacity additions until 2015. The demand growth in rapi...
Dow Chemical Co. plans to issue US$2.75 bln in new public debt to pay off a bridge loan used at the time of purchase of Rohm and Haas Co. The US$2.75 bln has been priced in a three-part o...
Open spec spot naphtha cargoes were assessed by ICIS Pricing at levels of US$637-647/ton CIF (cost, insurance and freight) NWE (northwest Europe) down by US$16/ton CIF NWE on the buy side...
Indian Oil Corp (IOC) has sold 30,000 tons of naphtha for early-September lifting from Kandla to Itochu at premiums upto US$15/ton to its own pricing formula, on a free-on-board (FOB) bas...
As Lyondell Chemical Co contends with a lawsuit brought by a creditors committee, it has sought a six-week extension of its bankruptcy loan until Jan 31. The lawsuit seeks to recover as m...
Five people have been injured in an accident at Total SA petrochemicals plant in the northern town Gonfreville-l'Orcher. During maintenance, workers on a scaffolding fell into a vat that ...
Growth in the injection molding sector is pushing up demand for machines in the country. Growing demand for injection moulding machines in China will see the new Nissei plant in Jiangsu p...
Dow Chemical continues its series of divestitures as part of its endeavor to become a more asset light business. This will result in limiting its dependence on raw materials and aid in pa...
A refinery and petrochem complex has been planned by PetroChina, Royal Dutch Shell and Qatar plan in Taizhou. The complex, planned at an investment outlay of 80 bln yuan will have an init...
In response to market need for a fully integrated system solution, GF Piping Systems has introduced the chemically resistant PE100 Industrial Polyethylene Piping System offered in a compl...
CRUDE OIL Crude oil prices ended the week of August 3, 2009 at US$66.5 on the Nymex. Crude oil for September delivery was down 2.2% in the we...
As part of its plans to restructure and significantly improve profitability in the styrenics value chain, and shape the business sustainability, BASF plans to sell its styrene monomer sit...
With effect from August 1, 2009, Oxea has finished the acquisition of assets of the Amsterdam Esters Plant in Amsterdam from ExxonMobil Chemical Holland B.V. The acquisition will signific...
Bioplastics are set to see double-digit growth but they must become effective and economical, not just ecologically sound as per a new report by Lux Research. The study said that biopol...
Clariant, a world leader in specialty chemicals has announced sales of CHF 1.609 bln in Q2-2009, compared to CHF 2.121 bln in the same period of the previous year. This represents a 24% d...
DSM Dyneema, inventor and manufacturer of Dyneema®, the world’s strongest fiber™, has started proceedings in a patent infringement lawsuit before the Court of Milan against Beijing Tongyi...
Newly-introduced EcoPaXX™ is a green, bio-based material: approximately 70% of the polymer consists of building blocks derived from castor oil as a renewable resource. EcoPaXX™ has been s...
Dow is looking for buyers for Styron - a newly formed unit that includes its styrenics and polycarbonate holdings. The unit will include Dow’s polystyrene, ABS, SAN, PC, styrene monomer, ...
A cargo of 9,000 ton is to arrive in Europe from USA by end of the month as per ICIS. Freight has been fixed at US$190/ton on the Isabella Kosan, but details of the CFR price in Europe is...
Borouge 2 project at Ruwais, Abu Dhabi, is about 80% complete, with commercial sales expected to start shipping by mid-2010. The polyolefins complex comprises a 1.5 mln tpa cracker, a 540...
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