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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
Compelled by weak demand in Asia, Taiwanese petrochem major Formosa Petrochemical has decide to keep its No. 3 naphtha-fed steam cracker at Mailiao shuttered. Capacities at the plant tota...
Crude oil rose from 16 month lows on news that OPEC members had reached a consensus on the need to trim production. An agreement on the size of the reduction has to be yet arrived at by t...
Board of Directors at GAIL India have approved a proposal to acquire 19% stake in Oil and Natural Gas Corporation's (ONGC) petrochemical project in Dahej, Gujarat. Investment details have...
National Iranian Petrochemical Company (NIPC) and Germany's Uhde GmbH have inked a petrochem deal for dehydrogenated propane plant with capacity to produce 350,000 tons. The plant is to b...
Lackluster demand has reportedly coerced India's largest petrochem major- Reliance Industries Ltd (RIL), to halved production at its polypropylene unit at Jamnagar, Gujarat. The company i...
GAIL (India) Ltd's performance during Q2 has been spectacular on higher earnings from gas transmission, LPG and liquid hydrocarbons, and natural gas trading. GAIL has reported a 79% rise ...
Thailand's biggest industrial conglomerate - Siam Cement Plc, forsees an uncertain future for its US$ 4 bln petrochemical complex planned in Vietnam. The project might no longer be financ...
RTP Company has commercialized a new polypropylene LFT concentrate designed to meet demanding automotive specifications. The melt impregnated LFT concentrate, grade designation RTP 199 X ...
As demand for petrochemicals continues to be sluggish worldwide, Sibur, the petrochemical division of Gazprom, plans to reduce spending and could even mull a brief cut in run rates. As we...
Analysts had forecast Q2 net profit at Rs 39.2 bln for India's Reliance Industries Ltd. By recording a 7.4% increase in Q2 profilts, the company has surpassed all market forecasts. This s...
Sibur Neftekhim has awarded to Technip, a lump-sum engineering and procurement contract for expansion of its ethylene plant in Kstovo, Russia. Value of th econtrat awarded by Sibur Neftek...
Bayer MaterialScience has successfully started production at its new 350,000 tpa diphenylmethane diisocyanate (MDI) complex-the world's largest MDI facility-at the Bayer Integrated Site S...
Crude-oil consumption in China will rise 5% to 8.4 mln bpd in 2009, a per International Energy Agency (IEA). In an effort to reduce dependence on fuel imports, China Petroleum & Chemical ...
China National Offshore Oil Corporation (CNOOC) has received approval from the National Development and Reform Commission (NDRC) to construct a refining terminal at its Huizhou Port-based...
According to a report by RTT News, Japan's imports of gasoline and naphtha dropped 2.7% year-on-year (YOY) in September with total volume imported standing at 2.2 mln kiloliters. However,...
Floundering propylene values corresponding with weakening crude and naphtha prices have triggered a US$200 fall in polypropylene prices in Asia. Sellers offers from South Korea and Singap...
Hushed demand from Asia - particularly China, and persistently falling input costs have brought down prices of ABS and PS in Asia. Though sellers from South Korea and Taiwan have quoted...
Lackluster downstream demand from Asia has pressured ethylene prices to fall again. This will lead to yet another round of price corrections. Over the past weeks, ethylene prices have bee...
OPEC has called for an extraordinary meet on 24th of this month, expectantly to mull an output cut plan of 1-2.5 mln bpd in a bid to fight deteriorating oil prices that have more than hal...
Slowing demand for ethylene derivatives in Asia has continued Sanyo Petrochemical's run of operating its only steam cracker at 95% for third straight month since August. The global recess...
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