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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
Iran's petrochemical industry needs an investment of US$30 bln under the country's 20-year vision plan for economic, social and cultural development. Iran is seeking overseas participatio...
SK Energy, South Korea's largest refiner is in talks with Chinese oil firm Sinopec Corp. to invest around US$965 mln in an ethylene joint venture. SK Energy is considering investing in 35...
In line with runaway crude prices, naphtha prices have peaked to all time highs past US$1070/MT.US July crude futures have breached US$135 a barrel in Asian trade. Runaway crude prices ...
By August 2008, Ashmore Group is expected to join the board of Petron Corp., Philippine's largest oil refiner. Currently, both PNOC and Aramco each have four nominee directors on Petron's...
World number four polyolefin maker Saudi Basic Industries Corporation (Sabic), has experienced technical failure at one of its' two lines at the Geleen plant located in the Netherlands. T...
As supply concerns intensified and the dollar weakened further, oil prices have peaked to new highs, rising above US$130 a barrel on the New York Mercantile Exchange. July Brent crude set...
Asset Reconstruction Company of India (Arci) currently controls over 60% of Southern Petrochemical Industries Corporation's debt through the debt aggregation process. This is an important...
Brazilian energy giant Petroleo Brasileiro (Petrobras) and partner Uniao das Industrias Petroquimicas (Unipar) are studying the possibility of an initial public offering (IPO) for a new s...
With effect from 1 June 2008, China will ban use of ultrathin plastic bags and the free giveaway of carrier bags in stores. The government has banned the use of bags with a thickness less...
Nizhnekamskneftekhim plans to commence operations at a 230,000 tpa polyethylene line in Q4-2008. Start up was originally planned for Q3. The polymerization tanks have been installed, cons...
South Asian Petrochem Ltd (SAPL) which runs a PET plant in Haldia, West Bengal, has posted a 24.44% increase in net profit, despite a decline in net sales. Net profit for the year stood a...
CRUDE OIL Crude oil prices continued to rise, hovering around US$126 per barrel in New York in the week of May 19, 2008. Prices gained by les...
Backed by Citu, leaders of Haldia Petrochemicals Limited Employees' Union are planning to build up their movement regarding permanent employment to 183 casual workers after the declaratio...
India's energy major Indian Oil Corporation Limited (IOCL) is likely to convey its interest in Turkey's hydrocarbon sector at a planned meeting. The plan includes the construction of a 15...
Thailand's IRPC plans to invest upto US$1.3 bln over the next 3-5 years to expand petrochemical and refining operations. The capacity expansion will include increase in HDPE production ca...
Cuba needs about half a million homes to provide sufficient housing for its people. Cuba plans to build 14,000 plastic homes a year to help ease a national housing shortage. The program i...
As buying gains momentum on mounting supply concerns, oil prices have spiked to a new record high of around US$130. June contract for light, sweet crude settled two dollars higher than th...
Propped by record high oil prices, as naphtha approaches the US$1000/ton mark, European cracker operators have braced themselves for a dent in margins. In a bid to recover from diminishin...
Crude oil prices have touched new highs closing at a record US$127 a barrel, despites news of higher output from Saudi Arabia. Crude futures are being supported by supply disruptions in o...
Time Technoplast plans to set up a 500,000 ton plant for packaging material for plastic drums and automotive components in Kolkata. A total investment outlay of Rs 22 crores will be provi...
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