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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
Deteriorating markets and poor economic conditions have compelled Equistar Chemicals, LP to idle the olefin unit at La Porte, Texas until early 2009. Production capacity at the La Porte o...
As a further move by Dow into the higher-margin specialty chemicals market, it is to acquire Rohm & Haas Co. Rohm & Haas Co. shareholders have approved a US$15.3 bln buyout. Including deb...
The European Union has approved a new waste management framework directive boosting minimum recycling rates for plastics and other household wastes. The same potentially applies to indust...
Crude oil prices have fallen by over 37% in the month of October - Crude for December delivery dipped to US$63.12 a barrel. Prices seem poised for their largest single month drop since ...
CRUDE OIL Crude oil prices have fallen by almost 8 dollars in the week of October 27, 2008. For December delivery per barrel o New York's m...
Owing to the curtailment in naphtha cracker runs in by Asian petrochem firms, the demand for naphtha has deeply weakened. This situation has led to India's state-owned Bharat Petroleum Co...
Brazil's Petroleo Brasileiro S.A. (Petrobras) has awarded contracts to The Shaw Group's Energy & Chemicals Group for providing its proprietary ethylene technology, including its Ultra Sel...
India's Reliance Industries Ltd (RIL), Asia's leading producer of polypropylene, has opted for a four week shut down at its Jamnagar-based polypropylene plant in Gujarat. The reason for s...
Mangalore Refinery and Petrochemicals Ltd (MRPL) have decided to outlay Rs. 12,000 cr to augment its capacity to 15 mln tpa crude from the present capacity of 9.69 mln tpa by October 2011...
Cereplast, manufacturer of proprietary bio-based plastics has received confirmation of the low carbon footprint of its Biopropylene® resin. Biopropylene®-a patented compound manufactured ...
Repsol YPF has declared a force majeure (FM) on 24 October 2008 for ethylene (C2), propylene (C3) and butadiene (BU) from its 600,000 tpa cracker at Sines site in Portugal. Technical prob...
Driven by widening product applications of polyethylene, world ethylene market is projected to reach 160.55 million tons by the year 2015, as per a report by Global Industry Analysts, Inc...
Oil and Natural Gas Corporation (ONGC)'s Rs 1100 crore plant at Dahej to extract C2-C3 from natural gas is on track and is to come onstream as planned by end of the year. Output will used...
o Despite the increased softening of markets and volatile economic conditions, Borealis achieves a net profit of EUR 159 million in the third quarter o Borealis remains on track with its...
BASF expects to report its first decline in earnings in 7 years on effects of a global economic slowdown affecting demand for plastics and resins used in electronics. Earnings before inte...
Belgium´s Solvay reported a 6% decline in operating profit on deteriorating earnings from pharmaceuticals and chemicals. Surprisingly, earnings from plastics remained flat- pushing up pro...
As per Exxonmobils' Chairman, "ExxonMobil's strong results in the third quarter of 2008 demonstrate the continued success of our disciplined business approach. Third quarter earnings excl...
Bayer has offered a cautious outlook for its chemicals business for 2009, as demand is expected to take a hit in an impending global economic slowdown. Bayer, world´s number one polycarbo...
World's largest chemicals company by market value, Saudi Basic Industries Corp (SABIC), posted its first decline in quarterly net profit in more than two years on a slowdown in sales grow...
Owing to the glut of naphtha in the Asian region, India's state-owned Indian Oil Corp (IOC) has sold three cargoes of 30,000 tons each to Itochu for a heavy discount for November loading....
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