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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
French engineering contractor Technip has been awarded two lump sum turnkey contracts for a new refinery to be built by Saudi Aramco Total Refining and Petrochemical Company (Satorp). SAT...
The Board of Directors of Supreme Petrochem Ltd is mulling dividend for 2009. SPL is to hold a meeting of the Board of Directors on July 29, 2009, inter alia, to approve and take on recor...
CRUDE OIL Falling weekly inventories, healthy pace of economic growth in China and healthier Q2-09 company results helped boost investor opti...
LG Chem is mulling the expansion of its 800,000 tpa naphtha cracker at Daesan by 100,000 tpa. LG Chem is also expanding its 900,000 tpa naphtha cracker at Yeosu by 100,000 tpa, scheduled ...
The following table lists recent and upcoming naphtha cracker shutdowns in Asia as per Dow Jones. Country Company Location Tons/Yr Shutdown Perio...
In a move to put Nigeria’s refineries back in shape, the Federal Government and Indorama continue their negotiations for takeover of the Port Harcourt Refining Company Limited (PHRCL). In...
LG Chem posted a record quarterly profit because of increased exports to China. In a bid to draw on demand from China, LG Chem Ltd. and CNOOC Ltd. plan to invest US$370 mln to build an ac...
The United Kingdom's Waste and Resources Action Programme (WRAP) has unveiled a series of pilot programs designed to test reusable packaging for retail items. The trials are intended to e...
A Heat Tough new fire-resistant coating materials called HIPS (‘hybrid inorganic polymer system’) are being developed by CSIRO researchers in Melbourne. HIPS coatings can withstand temper...
New York's main futures contract, light sweet crude for delivery in August dipped to US$63.91 while Brent North Sea crude for September delivery dipped to US$66.3. Oil prices have dropped...
Rising costs and weak demand has pulled down profits at Saudi-based Rabigh Refining and Petrochemical Co (PetroRabigh). PetroRabigh losses have increased more than two fold in Q2. The Sau...
Increasing supplies in the region have pulled down naphtha prices in Asia. Indian Oil Corp (IOC) has sold 15,000 tons of naphtha for lifting in August from Haldia at half the premium it f...
British petrochemicals company Ineos has secured support of 96% lenders for new terms on its debt. Ineos Group Ltd. has reached agreement with senior lenders to reset the terms of its €7....
Neighboring chemical companies have objected to LyondellBasell Industries’s closure of plant at Chocolate Bayou, Texas. Ineos, adjacent to a Lyondell high-density polyethylene plant, has ...
An upturn in domestic and external demand has lifted Brazilian petrochemicals production, but uncertainties remain and investors are delaying capacity additions as per a report by Compani...
Healthier Q2-09 company results helped boost investor optimism, pushing up oil prices past US$64 a barrel in Asia. Better than expected earnings from Goldman Sachs Group Inc., Intel Corp....
Gharda Chemicals, the second-largest domestic agro-chemical company, in talks with private equity funds like Carlyle, Kotak and Blackstone and Agrochemical majors United Phosphorous to se...
Haldia has approached its lenders for financial support of Rs 400 crore for completion of its expansion project - Project Supermax. Supermax was to originally cost the company Rs 675 cror...
After posting a 76% drop in Q2 profit, Saudi Basic Industries Corp (SABIC) plans to raise its petrochemicals output by about 12 mln tons by the start of 2012. Lower petrochemicals and met...
GAIL India has outlined natural gas (transmission), petrochemicals and city gas distribution (CGD) as focus areas of future growth, to achieve the revenue target of over Rs 50,000 crore b...
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