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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
Demand for foamed plastics in the US is forecast to grow 2.9% pa to 8.6 bln pounds in 2013, valued at US$27 bln. Rebounds are anticipated after the 1.2% annual decline experienced between...
Despite a significant downturn in the U.S. construction market and a slowdown in wind energy, the economic stimulus package announced in USA is likely to drive composite market growth. Ou...
In 2006, DuPont Fluorochemicals organized and led a strategy workshop to develop a course of action to quickly build business in the Indian market. The team focused its efforts on: Hig...
Indorama Ventures Ltd (IVL) expects to gain from its acquisitions completed last year in Thailand and Europe, coupled with commencement of recovery in purified terephthalic acid (PTA) in...
Specialty chemicals group LANXESS AG has developed a polymer additive for plastics and rubber that is now available for industrial application. These microgels, which consist of nanoscale...
An innovative rigid, thin walled packaging made from a compostable biodegradable material has been developed by Biotech (Sphere Group) and Europlastiques. Polylactic acid (PLA) for food c...
Ineos Group Holdings Plc, plans to shut the KG ethylene cracker at its Grangemouth plant in Scotland for regular maintenance. This may affect naphtha supplies and prices in Europe.
Qatar Petrochemical Company (Qapco) has inked a QR730 mln deal with Qatar Islamic Bank (QIB) for a Shariah-compliant financing facility to be utilised for its new Low-Density Polethylene-...
Flooding caused by Typhoon Morakot in parts of Taiwan has rendered production cuts at several downstream plants across the country. Taiwan's state-owned oil refiner CPC Corp.’s naphtha cr...
Typhoon Morakot that swept through Taiwan over the weekend, causing the worst flooding in 50 years, did not disrupt operations at petrochemical plants in Taiwan. Some petrochemical plants...
Mitsubishi Rayon and SABIC have signed a letter of intent for a joint venture to build a US$1 bln methyl methacrylate (MMA) complex in Saudi Arabia. The 50-50 venture will use an ethylene...
Contrary to earlier expectations, naphtha supply situation in Asia could be tight next month. Europe’s naphtha exports to Asia could witness a fall in September, as imports from northwest...
Crude oil fell to US$70.60 in New York, While London Brent slipped to US$73.50. These miniscule losses have been in line with modest Wall Street losses on the eve of a meeting of the US F...
In a bid to draw level with rivals from the Middle East and China, Mitsubishi Chemical Holdings is planning restructuring of its petrochemical operations. Negotiations are underway for Mi...
Brazil’s Petroleo Brasileiro SA (Petrobras) could see a rise in cost estimates for the construction of the Comperj petrochemical refinery project from the previous US$8.5 bln. The costs a...
Saudi Arabia’s May non-oil exports dropped 23% to 8.02 bln Saudi riyals (US$2.14 bln) yoy, due to reduced trade in petrochemicals triggered by the global economic downturn. Imports in the...
Braskem SA plans to delay petrochemical projects with Venezuela's state-run Pequiven in line with forecasts of increased demand for petrochemicals after a few years. This delay also allow...
Idemitsu is investigating plans to combine a 220,000 bpd refinery in Chiba near Tokyo with Mitsui Chemicals Inc’s 553,000 tpa of ethylene plant. Idemitsu provides feedstock naphtha to Mit...
Ethylene output in Japan for July totalled 554,100 ton as compared with 598,300 tons a year ago, as per the Ministry of Economy, Trade and Industry. Ethylene production for the month of J...
US crude settled at US$71 a barrel, retracing earlier losses; while London Brent crude settled at US$74 a barrel. Oil prices have steadied these levels, cutting back earlier losses as ris...
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