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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
A hundred dollar drop was seen in propylene prices in Asia in the week of August 18, 2008. Prices have dipped below the 1500 dollar mark as downstream market of polypropylene, ACN continu...
Hamworthy Plc., which manufactures marine fluid handling systems for shipping and offshore oil and gas facilities has been awarded a contract to supply LPG reliquefaction systems on four ...
Oman & Emirates Investment Holding Co. SAOG (O&E) signed a working relationship agreement with India's Central Institute of Plastics Engineering & Technology (CIPET) for establishing a Co...
As part of its strategy to focus more on high-value products, Thai petrochemicals conglomerate IRPC Plc plans to invest a total of US$158 mln in ABS and propylene capacity expansion. Th...
Norsk Hydro ASA has completed the divestment of Hydro's Polymers activities, with the sale of its 29.7% ownership interest in Qatar Vinyl Company (QVC) to Qatar Petroleum, at US$136 milli...
Faced with menacing petrochemicals supply glut in the Middle East and rising feedstock prices, BASF put more of its plastics business up for sale. In January 2009, BASF will complete the ...
Rotterdam headquartered LyondellBasell has started up its 30,000 tpa polypropylene (PP) compounding facility in Altamira, Mexico. The new facility will be adjoining the existing PP manufa...
Large or small, machine parts only move when controlled by an external impulse. Biological systems, on the other hand, are capable of autonomous movements that continuously follow their o...
As per the Oil ministry of Iran, the total foreign investment in the National Petrochemical Company of Iran (NPC) in the previous three years has touched a record US$4.5 bln. The senior a...
Recently, the cheaper LPG prices relative to naphtha have led to a lot of Asian petrochemical firms to switch to LPG (Propane or Butane) as a raw material against naphtha. On Friday, prop...
India's Public Sector Units, GAIL and Petronet LNG (PLL) have expressed interest to buy a 10% for (Rs.1500-2000 cr) and 5% stake respectively in ONGC Petro Additions' (OPaL) petrochem com...
The scheduled shutdowns, production outages of regional plants, shortage of cargoes coming from US and Europe have led to low inventory levels for methyl methacrylate (MMA) in Asia. Despi...
Centre for Indian Trade Union (CITU) has called off a three day strike demanding permanent employment for the 183 contract workers at Haldia Petrochemicals Ltd. (HPL) which was to take p...
Kuwait Petroleum International (KPI) has formed a oint venture with China's biggest oil refiner Sinopec Corp. at an initial investment of US$5 bln in the Nansha, Guangzhou. The investment...
Flaws in the country's energy regulations are posing challenges to UK's plastic industry. Plastics, moulding and packaging companies in the UK are being challenged with a 100% energy pric...
Indonesia-based Indo Rama SPL group has decided to set up a stretch fabric manufacturing unit in Himachal Pradesh. The group plans to invest Rs 400 crore for setting up the spandex manufa...
IndianOil Corp (IOC) is planning to set up three CDM (clean development mechanism) projects to reduce refinery flare, vent air emission and steam consumption as a measure to protect the e...
After dropping below US$114 over the weekend after OPEC lowered its forecast for oil demand growth due to weak global economy, oil prices rose to US$114.51 in Asia this morning, on concer...
German-based international developer of compounding and bulk-material systems, Coperion Werner & Pfleiderer GmbH & Co. KG has completed execution of its two biggest compounding lines for ...
Society of Plastics Engineers (SPE) will hold an opening European Technical Conference (Eurotec) in Marne-la-Vallee (near Paris), France from September 28-October 3, 2009. The conference ...
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