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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
Chief executive of leading European oil refining company has warned that a proposed European Union scheme to force companies to pay for carbon emissions permits previously handed out free...
Haldia Petrochemicals Ltd (HPL), through several representations, has pleaded with the Union Finance Ministry to withdraw the 5% import duty on naphtha levied in the Union Budget this yea...
Brunei National Petroleum Co. has signed a deal with two major Japanese companies- Kokuka Sangyo and Itochu Corp. to form a methanol transport firm to support the first petrochemical plan...
Indian Oil Corporation (IOC) is mulling the possibility of setting up refinery cum petrochemical complexes in Turkmenistan and Kazakhstan. IOC has informed the petroleum ministry IOC of i...
Bharat Oman Refinery (BORL) plans to construct a petrochemical plant near its upcoming 6 million tpa crude oil refinery at Bina, Madhya Pradesh. The petrochem plant is expected to come on...
The Philippine Government is to shortly arrive at a decision regarding its 40% stake in Petron Corp., held through Philippine National Oil Co. The Government is considering to let go of i...
After several negotiations, Saudi Basic Industries Company (SABIC) has not been able to reach a final agreement on the project and has decided against participating in this project. This ...
Octal Petrochemicals will add 500,000 tons of PET capacity in second-phase expansion by May 2010. With this, production capacity will spike to 800,000 tpa, making the company the largest ...
Formosa Plastic Group (FPG), subsidiary of Formosa Petrochemical Corporation (FPCC), has decided to relinquish plans to participate in a mega ethylene project in Beilun Petrochemical Zone...
World oil prices alleviated marginally, but continued to hover around record levels on mounting concerns about a weak US dollar and tight supplies. New York's main oil contract, light swe...
Colombian state oil company Ecopetrol has concluded a deal to acquire local polypropylene producer Propilco for US$690 mln. Propilco was previously held by the Stanford Group's Andean Che...
South Korea's SK Energy plans to shortly ramp up operations at its 210000 tpa No.1 naphtha cracker, due to improving ethylene margins. SK's No.1 naphtha cracker has been running at 80% op...
South Korea's Honam Petrochemical Corporation and Qatar Intermediate Holdings Company (a subsidiary of Qatar Petroleum) JV has invited contractors to submit prequalification applications ...
The European Commission has set May 20 as the deadline for its inquiry into pharmaceutical groups Solvay SA. and BASF AG.'s SolVin proposed joint venture with Russian gas giant Gazprom's ...
India's Mangalore Refinery and Petrochemicals Ltd has sold 30,000 tons of naphtha for H1-May loading at a premium of over ten dollars. The cargo, to be loaded in first week May was sold...
The chief executive of Nova Chemicals has acknowledged that its Ineos Nova joint venture styrene operation is in a horrible business right now but it's worth hanging onto for the long run...
After two successive years of profit , Haldia Petrochemicals Ltd (HPL) is likely to report almost 50% drop in net profit in 2007-08. Net profit is expected to slide to nearly Rs 300 crore...
Taiwan's Formosa Petrochemical Corp.'s its No. 1 ethylene plant is currently operating at 70% capacity. The 700,000 tpa No. 1 ethylene plant was shut on April 6 because of a power outage....
Oil prices have steadied around record highs of US$111 a barrel. Oil prices peaked to a new record on release of the US Energy Information Administration's inventory report that showed a ...
Borealis A B (Stenungsund, Sweden) has commenced wok on site preparation for a low-density polyethylene (LDPE) unit at its site in Stenungsund, Sweden. Tecnimont SpA (Milano, Italy) has b...
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