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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
Bayer MaterialScience has sold a part of its unsaturated polyester resins business-grouped together under the name Roskydal®, to the Italian company Veneziani S.p.A., thus divesting some...
Three states of South India have submitted applications for setting up of petroleum, chemicals and petrochemicals investment regions (PCPIR) to the Centre- listing Oil and Natural Gas Cor...
Oil prices in Asia moved up after declining in the previous session. Light, sweet crude for February delivery inched up to US$96.11 a barrel in electronic trading on the New York Mercant...
Nova Chemicals (Canada) Ltd. has been fined US$550,000, along with a victim fine surcharge, after pleading guilty to discharging benzene to the air from its facility at Sarnia, Ontario th...
In July, Basell decided to buy Lyondell's outstanding common shares for US$48 each in an all-cash transaction that, with debt assumed by Basell, was valued at about US$20 billion. Last mo...
Board of Directors at Saudi Basic Industries Corporation (SABIC), at yeaterdays' meeting, decided to recommend to the Extraordinary General Assembly, an increase in the company's capital ...
Fearing unfair competitive advantage, a leading industry body has urged the government to keep key petrochemical products like ethylene and linear low-density polyethylene (LLDPE) outside...
Czech refiner Unipetrol has estimated a period of five months for a temporary reduction in capacity at its ethylene unit. A repaired coldbox will be installed in the unit in May 2008 duri...
LUKOIL Chemical Group's activities include conversion of hydrocarbons produced by Russian company LUKOIL, as well as production of a wide range of petrochemicals to meet demand from domes...
SUMMARY Oil prices have moved up to US$96 a barrel on fears of a possible economic slowdown in US and supply disruptions in OPEC nations. Naphtha rose in line with rising crude values. ...
Oil prices rose on dual concerns of larger than expected declines in U.S. crude inventories and growing geopolitical concerns after the assassination of Pakistani opposition leader Benazi...
South Korea's Ministry of Finance and Economy will remove tariffs imposed on 16 petroleum products, including naphtha, imported from European Free Trade Association starting Jan 1, 2008. ...
Iran's petrochemical projects will witness a 300% growth in 10 years, with domestic petrochemical output soaring to 98 million tons at the end of 10-year plan, 2014, fetching the country ...
ONGC Mangalore Petrochemicals Ltd. (OMPL) - a company jointly promoted by ONGC and MRPL, will be setting up an aromatic unit in Mangalore SEZ (MSEZ) with a capacity to produce 920,000 tpa...
The sale of a 51% stake in Turkey's largest petrochemicals company Petkim to a consortium consisting of Turcas, Socar and Injaz, has been suspended by Turkey's top administrative court. I...
Oil and Natural Gas Corporation's (ONGC) fresh list of conditions to set up the Rs 25,600 crore export-oriented refinery-cum-petrochemical project at Kakinada includes 950 hectares of lan...
Noretyl AS owns and operates an Ethylene cracker at Rafnes in Norway, for which it has signed a modification contract with Grenland Group. The contract includes procurement of material an...
Alcoa plans to hive off its packaging and consumer businesses to New Zealand´s Rank Group Ltd. for US$2.7 bln in a cash deal. The transaction is expected to be completed by the end of Q1-...
Injaz Projects' joint venture proposal of US$2 bln to acquire a 51% controlling stake in Turkey's state-owned petrochemicals manufacturing company, Petkim Petrokemiya, is to close on sche...
The rivalry between Shell and BP to build refineries in China seems persistent. BP was shortlisted instead of Shell to participate in the 15 mln tpa refinery project in Guangzhou in partn...
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