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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
Q1 profits at Braskem SA, Latin America's largest petrochemical company dipped by 35% from year ago levels on rising production and feedstock costs. Overall production costs rose 10% to 3...
4 new petrochemical plants in Saudi Arabia and one in Kuwait are projected to augment annual global ethylene capacity by 4.5 mln tons by the end of 2008, with similar volumes coming onstr...
Philippine conglomerate JG Summit Holdings Inc. has offered to buy the Philippine government's 40% stake in oil refiner Petron Corp. at a higher price than the earlier offer made by Londo...
Oil prices have stabilized at fresh highs of US$124 a barrel on continued buying, as investors enthralled by the market's upward momentum, are paying no heed to an increase in U.S. crude ...
After UK based Hinduja group, Reliance Industries (RIL) and Essar Oil have evinced interest in Oil and Natural Gas Corporation's (ONGC) proposed Rs 26,500-crore refinery at Kakinada, Andh...
DuPont plans to invest US$150 mln to expand and upgrade manufacturing facilities in Europe, the United States and Asia to meet strong demand for its specialty ethylene copolymers in photo...
Around 130,000 tons of plastics is used in milk packaging in the UK. In the UK 53% of milk is bought from supermarkets, 24% though other retail outlets, 7% via doorstep delivery and 16% t...
ExxonMobil Chemical and its Japanese affiliate, Tonen Chemical, have developed two new separator grades with co-extrusion technology to meet more demanding battery requirements. The new c...
After a major power failure that occurred on Saturday, another blackout struck Yeosu National Industrial Complex in South Korea. It is suspected that the accident occurred at the Yeochu...
South Korea's Yeochun Naphtha Cracking Centre (YNCC) has restarted its No.1 naphtha cracker at 50% capacity. The petrochemical unit is operational after it was hit by a power outage over ...
Saudi Kayan Petrochemical Co has awarded to South Korean builder Daelim Industrial, a 886.3 billion won order to build a petrochemical plant. The plant will be built by April 2010 in Al-J...
Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, has been awarded an engineering and materials supply contract by Samsung Engineering Co. Ltd. for two...
Haldia Petrochemicals Ltd (HPL) has acquired for Rs 180 crores, L&T's 51% stake in HPL Cogeneration Ltd. (HPLCL), which supplies power and steam exclusively to HPL. HPL now owns 100% stak...
Eastman Chemical Company has completed expansion of specialty copolyester capacity at its manufacturing site in Columbia, S.C. The additional copolyester production is expected to come on...
Renewed supply threats and a weaker dollar have spiked oil prices beyond US$120 per barrel. Light, sweet crude for June delivery touched a new trading record of US$120.36 a barrel on the ...
Widespread use of HDPE in liquid food packaging, sterile packaging, automobiles, acceptance of recycled high-density polyethylene, innovative packaging designs and technological advanceme...
Iran has signed a Euro 400 million agreement with India for constructing a petrochemical complex in Iran's South Pars gas field. The complex is projected to produce 2,200 tons of ammonia ...
Bakhtar Petrochemical Complex in Iran has announced investments to the tune of US$5.9 bln in 12 affiliated plants, scheduled to become operational within the next three years. The West E...
The Supreme Court has asked Reliance Industries to pay Rs 500 mln within two weeks to BPCL against BPCL's demand of Rs 1.1 bln. This amount has to be paid by RIL as the price difference i...
In a move that strengthens its strategy to rationalize and concentrate production in Spheripol and Spherizone process facilities, LyondellBasell Industries has plans to discontinue polypr...
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