Metallic properties into thermoplastic resins for personal care products

Designers and makers of personal care products like lipsticks, bottle cap, compact cases, etc will now have an advantage of using new plastic materials, though retaining the characteristics of metals which is integral to suggest quality, durability and value.

For more details on Metallic properties into thermoplastic resins for personal care products click here

Mounting feedstocks, slowing demand to result in Idemitsu's 15% scale-back in monomer styrene production

The decline in profit margins and slowing demand of styrene monomer led by the sharp rise in crude and naphtha cost have resulted in Japanese oil refiner, Idemitsu Kosan Co. to cut back the monomer sttyrene production by 15%, effective August 1 to September 30.

For more details on Mounting feedstocks, slowing demand to result in Idemitsu's 15% scale-back in monomer styrene production click here

Sub-sea pipeline insulation and field-jointing without mercury catalysts

Dow Hyperlast continues to respond to both environmental concerns and major flowline thermal-loss prevention advancements, with the introduction of a comprehensive range of pipeline insulation and fieeld joint systems, that incorporate polymer and glass syntactic with solid polyurethane elastomers for use in water depths of up to 3,000 metres (10,000 ft).

For more details on Sub-sea pipeline insulation and field-jointing without mercury catalysts click here

3-day workers' strike to upset Haldia Petrochem from August 18

Centre for Indian Trade Union (CITU), a CPM labour arm has decided to go on a 3-day strike at Haldia Petrochemicals Ltd. from August 18 as their demand for permanent employment of 183 contract workerss made during similar strike on April 8 have fallen on the deaf ears of the management.

For more details on 3-day workers' strike to upset Haldia Petrochem from August 18 click here

Negotiations in process for La Seda - Indorama amalgamation

Spanish PET manufacturer, La Seda de Barcelona is presently in negotiations with Indorama to merge with the Thai group. Indorama, an expanding petrochemicals group in Asia has made an offer of EUR 1.330 - 1.

For more details on Negotiations in process for La Seda - Indorama amalgamation click here

Lubrizol to close Canadian additives blending facility

The Lubrizol Corporation has announced its decision to close its Niagara Falls, Ontario facility. After careful review of its operations and evaluation of different business strategies, the company deetermined that operation of the facility is not sustainable for the long term, under current and anticipated market conditions.

For more details on Lubrizol to close Canadian additives blending facility click here

LUKoil mulls US$3 bln investment in ethylene plant in South Russia

Russia's largest independent crude producer - LUKoil, plans to invest US$3 bln in an ethylene and derivatives plant in South Russia's Stavropol Territory. Feedstock for the project could be sourced frrom hydrocarbons extracted in the northern part of the Caspian Sea.

For more details on LUKoil mulls US$3 bln investment in ethylene plant in South Russia click here

Technical glitches at SABIC could tighten polyethylene supply in Middle East

Technical glitches at SABIC's 650,000 tpa Petrokemya No. 1 cracker at Al Jubail has led to a dearth of ethylene feedstock caused, shuttering two of its polyethylene lines and one of its crackers at All-Jubail.

For more details on Technical glitches at SABIC could tighten polyethylene supply in Middle East click here

Asian propylene prices slip further by weak demand

Unenthusiastic buying due to sufficient inventories with the buyers and subdued downstream demand has plunged propylene prices in Asia by about fifty dollars to US$1600/MT FOB levels. Despite this dipp, lackluster sentiments from China continues to keep demand slack, as buyers have expressed an interest to buy at levels of US$1650/MT CFR China.

For more details on Asian propylene prices slip further by weak demand click here

PVC imports fall by 19% in H1-08 in China, expected to fall further

China imported approx 425,000 tons of Polyvinyl chloride (PVC) in the first six months of 2008, representing a 19% drop in PVC imports for the corresponding period last year. China's total PVC importss in 2007 totalled to over 1 mln tons.

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Has Styrene Monomer market hit rock bottom in Asia?

Buyers' interest has not been evoked and no enquiries heard even as sellers offered Styrene Monomer for second half August delivery in the spot market at US$1600/MT FOB Korea levels. Absence of buyer''s intentions makes it difficult to assess the market sentiments, though many speculate that SM market of Asia has hit rock bottom.

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Oil prices slacken marginally as the market awaits US inventory report

Oil prices have slackened in Asian trading as global markets await the weekly US inventory report expected to continue to show a demand slowdown in the US and augmenting concerns of slackening oil demmand from the worlds largest oil consumer.

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Higher petrochem margins and increased value of traded gas help GAIL attain 31% rise in net profits

Owing to increased margins in the petrochemicals and increase in volumes of gas transported, Gas Authority of India (GAIL) reported an unexpected 31% rise to reach Rs. 897 crore in Q1 of 2008 from Rs..

For more details on Higher petrochem margins and increased value of traded gas help GAIL attain 31% rise in net profits click here

Altamira in Mexico to house new LyondellBasell's PP compounding plant

LyondellBasell Industries, one of the world's largest polymers, petrochemicals, fuel companies and global leader in polyolefins have announced the establishment of a 30,000 tpa year compounding faciliity in Altamira, Mexico.

For more details on Altamira in Mexico to house new LyondellBasell's PP compounding plant click here

Rising input costs and recession in the economy to dent US packaging industry

The US packaging industry is likely to face a rough road ahead towards the end of 2008. The major factors leading to this situation are the record hgh raw material costs, recession in the US economy aand rising fuel prices.

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Low-Chlorine content Fortron® PPS for electrical and electronic applications

Ticona Engineering Polymers, the world's largest supplier of linear polyphenylene sulfide (PPS), has announced a new grade of Fortron® PPS that reduces the amount of chlorine contained in the formulattion.

For more details on Low-Chlorine content Fortron® PPS for electrical and electronic applications click here

SABIC IP announces FM on ABS in North America, Taiwan's FCFC running at 50%

Under pressures of feedstock shortage, SABIC Innovative Plastics has declared force majeure (FM) on ABS and SBR products in North America. Compelled by prolonged tight supply from butadiene (BD) produucers, SABIC IP has put acrylonitrile-butadiene-styrene (ABS) and styrene-butadiene-rubber (SBR) customers on 75% sales allocation, with amounts based on order history during the past six months.

For more details on SABIC IP announces FM on ABS in North America, Taiwan's FCFC running at 50% click here

Lotte Daesan 300,000 tpa polypropylene plant comes onstream at Daesan

Production of on-spec polypropylene has commenced at Lotte Daesan's new plant, that was supplied with propylene for the first time on July 15. Commercial operations at the new 300,000 tpa plant at Daeesan are expected to start in early September.

For more details on Lotte Daesan 300,000 tpa polypropylene plant comes onstream at Daesan click here

As naphtha prices plunge Asian ethylene makers mull output increase

Naphtha prices have plunged by over hundred dollars in a couple of weeks. From record highs of US$$1245/ton on July 4, naphtha is now trading below US$1100/ton CFR Japan. With this fall in naphtha priices, the Asian ethylene producers, who have been running their plants at reduced rates are mulling an output hike shortly.

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PetroChina Sichuan Selects Dow and Aker Solutions for PP Project in China

PetroChina Sichuan Petrochemical Co., Ltd. (PetroChina Sichuan) has selected UNIPOL™ Polypropylene Process Technology from Dow Technology Licensing for its new 450,000 tpa polypropylene facility in Chhengdu, Sichuan Province, and Aker Solutions will provide the process design and technical advisory services.

For more details on PetroChina Sichuan Selects Dow and Aker Solutions for PP Project in China click here

ACN plants across the globe cut production rates

Propylene price hike has claimed another victim- Cytec Industries has slashed production rates by 25% at its 227,250 tpa Fortier plant in Louisiana. Cytec has exited out of the spot market until custoomers are willing to pay more for material or raw material costs subsided.

For more details on ACN plants across the globe cut production rates click here

Sinopec's 8 mln tpa petrochemical project at Hainan comes onstream

China Petroleum & Chemical Corporation (Sinopec) has commenced commercial operation of the 8 mln tpa Hainan Petrochemical refining project. The plant is expected to produce 5 million tons of gasoline and Euro III diesel, as well as 1.

For more details on Sinopec's 8 mln tpa petrochemical project at Hainan comes onstream click here

Dollar gains as oil prices head south, on positive economic news

Oil prices, which hit record highs above US$147 dollars a barrel earlier this month, tumbled several dollars to US$122. As oil prices continue to decline and economic news coming in is better-than-exppected, the dollar has gained in the global markets.

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Linhuan Coking Co selects LyondellBasell aromatics extraction license

Linhuan Coking Company has selected LyondellBasell's Aromatics Extraction process for a new 80,000 tpa plant to be built at Huaibei, Anhui Province, China. Start up is scheduled for 2009. The Aromaticcs Extraction technology is used to produce high purity aromatics and is characterized by a high degree of versatility and good scale-up capability.

For more details on Linhuan Coking Co selects LyondellBasell aromatics extraction license click here

Foster Wheeler awarded contract for Grassroots Refinery and Petrochemicals Complex in Vietnam

Foster Wheeler Ltd. announced on July 28 that its UK-headquartered subsidiary Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, has been awarded a contract by Nghi Son Refinery & Petrochemical Limited Liability Company for the planned Nghi Son Refinery, which will be Vietnam's second refinery.

For more details on Foster Wheeler awarded contract for Grassroots Refinery and Petrochemicals Complex in Vietnam click here

New Laboratory helps recyclers cope with pressure to identify polymer types and understand additive content

Manchester-based recycler Axion has set up a laboratory in response to the Waste Framework Directive and REACH (Registration, Evaluation, Authorisation and Restriction of Chemical substances), which pput increased pressure on recyclers to identify polymer types, and understand their additive content.

For more details on New Laboratory helps recyclers cope with pressure to identify polymer types and understand additive content click here

2 naphtha cargoes traded by BPCL at a high premium despite feeble market sentiment

Out of the four naphtha cargoes (108,000 tons), Bharat Petroleum Corp Ltd (BPCL) has traded two of them totaling to 54,000 metric tons at a relatively high premium despite feeble market sentiments. 277,000 metric tons of high aromatic naphtha for September lifting was traded to South Korea's SK Energy fetching a premium of US$32 and the same capacity for October lifting was sold to Petronas at a premium of US$31/ton.

For more details on 2 naphtha cargoes traded by BPCL at a high premium despite feeble market sentiment click here

Plastics Valley to be developed in Saudi Arabia

With an aim to position KAEC Plastics Valley as a global center of excellence in the plastics sector, Emaar, The Economic City (Emaar.E.C) developing King Abdullah Economic City (KAEC) has signed a meemorandum of understating (MoU) with StrateSphere Enterprises LLC (StrateSphere) in collaboration with PolymerOhio, Inc and the Saudi Arabian General Investment Authority (SAGIA).

For more details on Plastics Valley to be developed in Saudi Arabia click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of July 28, 2008

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of July 28, 2008 click here

Sabotage of 2 pipelines by militants in Nigeria spark concerns: oil rises above US$12

An attack by militants on Monday in Nigeria targeted two pipelines believed to be owned by a unit of Royal Dutch Shell PLC. A pipeline is believed to be damaged in attacks and some crude production haad been shut down to prevent the oil from spilling into the environment.

For more details on Sabotage of 2 pipelines by militants in Nigeria spark concerns: oil rises above US$12 click here

PolyOne to improve global competitiveness

As a next step in its strategic transformation, PolyOne Corporation has announced that it is realigning few manufacturing assets, primarily in North America. The decision to realign assets is a resultt of the Company's ongoing focus on both the operational excellence and specialization components of its transformation strategy.

For more details on PolyOne to improve global competitiveness click here

US demand for plastic film forecast to grow at 2.6% pa up to 2012

US demand for plastic film is forecast to grow at 2.6% annually up to 2012 as per a report by Freedonia Group. By 2012, polymer consumption in this sector will rise to 7.3 mln tons, valued at US$13.4 bln, and when additives, processing and other costs are included the market will reach nearly $32 bln.

For more details on US demand for plastic film forecast to grow at 2.6% pa up to 2012 click here

Sabotage of 2 pipelines by militants in Nigeria spark concerns: oil rises above US$12

An attack by militants on Monday in Nigeria targeted two pipelines believed to be owned by a unit of Royal Dutch Shell PLC. A pipeline is believed to be damaged in attacks and some crude production haad been shut down to prevent the oil from spilling into the environment.

For more details on Sabotage of 2 pipelines by militants in Nigeria spark concerns: oil rises above US$12 click here

PolyOne to improve global competitiveness

As a next step in its strategic transformation, PolyOne Corporation has announced that it is realigning few manufacturing assets, primarily in North America. The decision to realign assets is a resultt of the Company's ongoing focus on both the operational excellence and specialization components of its transformation strategy.

For more details on PolyOne to improve global competitiveness click here

US demand for plastic film forecast to grow at 2.6% pa up to 2012

US demand for plastic film is forecast to grow at 2.6% annually up to 2012 as per a report by Freedonia Group. By 2012, polymer consumption in this sector will rise to 7.3 mln tons, valued at US$13.4 bln, and when additives, processing and other costs are included the market will reach nearly $32 bln.

For more details on US demand for plastic film forecast to grow at 2.6% pa up to 2012 click here

Petrochem producer margins estimated to suffer setback in H2

Petrochemical producer's bottom line is estimated to suffer a set back in H2 on account of rising oil prices and slackening consumption. Margins are estimated to sink below last year´s 9%, averaging tto 2-3%.

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Rhodia Polyamide announces temporary surcharge for Nylon 6.6 products

Rhodia Polyamide has announced a temporary surcharge for its Nylon 6.6 products to compensate for exceptional Butadiene crisis situation. Availability of Butadiene recently worsened due to worldwide ssuppliers' shortage which led to unexpected price increases.

For more details on Rhodia Polyamide announces temporary surcharge for Nylon 6.6 products click here

PKN Orlen commences construction of 600,000 ton PTA plant

PKN ORLEN has embarked upon construction of a 600,000 ton purified terephthalic acid plant (PTA) to be operational on its premises adjacent to ANWIL Wloclawek.
The contract has been awarded to Polimmex-Mostostal as the general constructor of the plant.

For more details on PKN Orlen commences construction of 600,000 ton PTA plant click here

Omani processor is global leader in BOPP manufacturing

Dubai-based Taghleef Industries (Ti) and Brückner Maschinenbau GmbH & Co. KG successfully completed the expansion of Ti´s subsidiary in Oman featuring the new high performance 8.7m wide BOPP film prodduction line.

For more details on Omani processor is global leader in BOPP manufacturing click here

9 units at Port Arthur refinery to resume work by Thursday

As per a notice filed with the Texas Commission on Environmental Quality, USA's Total Petrochemicals expressed intent to resume operations at the nine units of its 232,000 bpd Port Arthur refinery in Texas on Sunday.

For more details on 9 units at Port Arthur refinery to resume work by Thursday click here

Pending approvals eagerly awaited by year end or SAPL will abandon 70:30 JV with ECHEM

Mumbai-based South Asian Petrochemical Ltd (SAPL) has expressed an intention to abandon the proposed 70:30 JV for the PET resins with Egyptian Petrochemicals Holding Company (ECHEM) and Engineering foor the Petroleum and Process Industries (ENPPI), if the pending approvals are not received by the end of 2008.

For more details on Pending approvals eagerly awaited by year end or SAPL will abandon 70:30 JV with ECHEM click here

Scarce demand, transport curbs and increased capacity in China lower toluene imports

Asia's largest toluene importer, China has reduced imports due to a limited domestic demand, transport restrictions and an expected rise in supply of toluene from the newly added domestic plants. Lackkluster demand seen in the previous two months due to seasonal fall in demand, continues, and is hardly expected to revive.

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Second Intl Polyurethane Summit in China, to be held at Shanghai

China continues to be the leading growth driver for the Polyurethanes industry and considerable investment is focused here, as future growth expectations continue to exceed 10% pa. The industry has beecome increasingly global over the past 10-15 years and this means changes and shocks in one part of the world tend to have an impact on other regions.

For more details on Second Intl Polyurethane Summit in China, to be held at Shanghai click here

SK Energy plans maintenance shutdown at naphtha unit in first week Oct

South Korea SK Energy plans a maintenance shut down at its 185,000 tpa Number 1 naphtha cracking unit in the first week of October, from 4th to 8th.

For more details on SK Energy plans maintenance shutdown at naphtha unit in first week Oct click here

Oil prices rise in Asian trade notwithstanding signs of slowing demand and rising supply

Monday morning saw oil prices rise in Asian trade, despite the market facing signs of slowing demand and rising supply. New York's main contract, light sweet crude for September delivery, rose to US$1123.

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Japan's FTC suspects PE sheet price conspiracy: raids offices of 4 companies

Japan's Fair Trade Commission has conducted raids on the offices of 4 companies, suspecting them of conspiring to increase the price of polyethylene sheet used in insulation materials. The 4 companiess, Toray Industries Inc.

For more details on Japan's FTC suspects PE sheet price conspiracy: raids offices of 4 companies click here

PVC plants in China operating at reduced rates, few shut down

Operating rates at Yibin Tianyuan Chemical Co.'s PVC plant have been brought down to 70% capacity. Sichuan Jinlu Group Corp is currently persisting with a 50% reduction in operating rates at its PVC pplant.

For more details on PVC plants in China operating at reduced rates, few shut down click here

Dow Chemical reports a dip in Q2 profits

Severe hikes in cost of energy and raw materials has affected bottom line at Dow Chemical Co - the world's second-largest chemical company. Despite record sales and two double-digit price increases annnounced in Q2, profit for the period fell 27%.

For more details on Dow Chemical reports a dip in Q2 profits click here

ABS market declines on falling feedstock values in Asia, particularly China

A sharply fall in oil markets, dipping oil prices below US$130 per barrel in the week has also affected prices of Styrene Monomer. Pressured by falling feedstock values and declining demand from Chinaa, ABS prices have toned down in Asia.

For more details on ABS market declines on falling feedstock values in Asia, particularly China click here

Petrochemical tankers immobile near New Orleans on oil spill at Mississippi River

A collision between a barge and tanker spilled more than 419,000 gallons of fuel oil into the Mississippi River, closing a stretch of the waterway. This is the largest oil spill on the river since 20000.

For more details on Petrochemical tankers immobile near New Orleans on oil spill at Mississippi River click here

Soaring naphtha price spells production curtailment in Japan

While the swell in naphtha prices is trespassing all the expectations, the chemical producers in Japan including Mitsui Chemicals and Mitsubishi Chemical Corp. are taking rigid steps of curtailing theeir output to stabilize profitability.

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Reifenhäuser to Focus on WPC and Extrusion Components at FAKUMA

The Troisdorf Extrusioneers will be represented in the economically important three-country region Germany, Austria and Switzerland with a focus on "wood extrusion and extrusion components".
An imprressive demonstration of the many possible applications of wood polymer composites was already given at the company's Open House held on occasion of "K".

For more details on Reifenhäuser to Focus on WPC and Extrusion Components at FAKUMA click here

SABIC exceeds all records reporting SR14.5 bln profit for H1-2008

Saudi Basic Industries Corporation (SABIC) reported preliminary consolidated net profits of SR 14.5 bln for the first six months ending June 30, 2008 compared with SR 12.8 bln in the same period in 20007, an increase of 13%.

For more details on SABIC exceeds all records reporting SR14.5 bln profit for H1-2008 click here

PS production at Terneuzen brought to halt by Dow

To combat soaring energy and hydrocarbon feedstock costs, Dow Europe Gmbh has brought to halt its production of polystyrene grade resins from July 21, 2008 at its Terneuzen plant in the Netherlands. HHowever, the company will carry on operating its European polypropylene (PP) units at lowered rates.

For more details on PS production at Terneuzen brought to halt by Dow click here

After an informal working co-operation, GAIL & BPCL now ink a formal MoU

After having an informal working spree between them, Gas Authority of India Ltd (GAIL) and Bharat Petroleum Corp Ltd (BPCL) have formally signed a memorandum of understanding (MOU) for cooperation traansmission and distribution of natural gas, LPG pipelines, city gas projects, exploration and production.

For more details on After an informal working co-operation, GAIL & BPCL now ink a formal MoU click here

RIL shows strong refinery margins; surpasses sluggish petrochem business

As forecasted by analysts, Reliance India Ltd (RIL) - Indian petrochemical and refinery giant has announced a 13% rise in profits for Q1 ending June 30. The US$77 bln company, having witnessed above 220% growth for the past four quarters addressed that the refinery earnings surpassed the slow growth for petrochemicals business.

For more details on RIL shows strong refinery margins; surpasses sluggish petrochem business click here

Groundbreaking ceremony of Mitsui Chemicals new Alpha-Olefin Copolymer plant

Mitsui Elastomers Singapore Pte. Ltd. (MELS), 100% owned by Mitsui Chemicals, Inc.(MCI), has successfully conducted the groundbreaking ceremony for a new production plant for TAFMER™ (Alpha-Olefin Coppolymer), attended by Mr.

For more details on Groundbreaking ceremony of Mitsui Chemicals new Alpha-Olefin Copolymer plant click here

GPIC and MASDAR sign Emission Reduction Project

Gulf Petrochemical Industries Company (GPIC) and Masdar, Abu Dhabi's multi-billion dollar renewable energy and clean technology initiative, signed an agreement to monetize the emission reduction assocciated with carbon dioxide capture and recycling at GPIC's fertilizer facility in Bahrain, under the Kyoto Protocol's Clean Development Mechanism (CDM).

For more details on GPIC and MASDAR sign Emission Reduction Project click here

Plant shutdowns and transport restrictions lead to random PE offers in Beijing

Dual forces are in play in the polyethylene markets of North China's Beijing City - plant shutdowns and transport restrictions. As the Beijing Olympic Games draw closer, demand for PE has taken a beatting as most plants in the region have been shuttered; and the hampering of material movement.

For more details on Plant shutdowns and transport restrictions lead to random PE offers in Beijing click here

Kraiburg commences production at new 2000 tpa TPE plant in Malaysia

In a move that will enable to company to deliver material to the growing markets of Asia, Germany's Kraiburg TPE has opened a manufacturing plant in Selangor, Malaysia. The new 2000 tpa thermoplastic elastomers (TPE) plant is applying for the DIN EN ISO 9001:2000 quality management standards, identical to the company's other two production sites - in Bavaria, Germany and Duluth, US.

For more details on Kraiburg commences production at new 2000 tpa TPE plant in Malaysia click here

First HPPO plant under license from Evonik and Uhde commissioned at SKC, Korea

The Korean company SKC of Seoul has commissioned in Ulsan the world's first ever commercial-scale plant for production of propylene oxide by the innovative HPPO process. The plant has an annual capaciity of 100,000 metric tons.

For more details on First HPPO plant under license from Evonik and Uhde commissioned at SKC, Korea click here

Nova Chemicals benefits from Alberta Advantage, announces outstanding results for Q2

Nova Chemicals has announced outstanding operating results and outlook for the second half. Results improved significantly despite higher operating costs due to a stronger Canadian dollar and higher eenergy prices.

For more details on Nova Chemicals benefits from Alberta Advantage, announces outstanding results for Q2 click here

To ensure survival, European flexible makers to pass price hikes to food processors

In the current scenario of rising oil and feedstock prices, the growth of the European flexible packaging industry seems threatened. Recently, the flexible packaging and multilayer film sector has beeen trying to offset growing raw material, energy, transport and labour costs through innovations like down gauging and consumer convenient packaging options.

For more details on To ensure survival, European flexible makers to pass price hikes to food processors click here

Canada to get its first coal-to-liquid conversion plant in Alberta

A small alternative energy firm, Alter NRG has expressed interest to build plant worth C$4.5 bln which will convert coal to 40,000 bpd of diesel and naphtha. The project, Canada's first coal-to-liquidd project, will be built in two 20,000 bpd phases and will be housed in Fox Creek, Alberta to the northwest of Edmonton.

For more details on Canada to get its first coal-to-liquid conversion plant in Alberta click here

Sintex to strengthen its presence in plastic auto component segment

Sintex Industries, a well known Indian brand for water tanks is seriously considering a diversification route into plastics composites in India and abroad. The Ahmedabad-based tank maker has expressedd interest to acquire Continental Structural Plastics, a global leader in the plastic automotive parts segment based in the US.

For more details on Sintex to strengthen its presence in plastic auto component segment click here

New clean technology to produce PO only leaves water as a byproduct

With a view to gain recognition as an eco-friendly company, Korean firm SKS has stated the commercial production of the 'clean' propylene oxide using the hydrogen peroxide propylene oxide (HPPO) technnology.

For more details on New clean technology to produce PO only leaves water as a byproduct click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of 21 July, 2008 - 2nd pg.

PVC
Robust feedstock EDC and VCM prices have kept PVC prices strong at US$1260/MT in Asia in the week of July 21, 2008. Buying bids moved up by about $10--20 as August shipment CFR China prices from key players in Japan were denoted at US$1320.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of 21 July, 2008 - 2nd pg. click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of 21 July, 2008

CRUDE OIL
From last week's record highs of US$145, oil prices plunged to levels below US$130 in the week of July 21, 2008. This translates to a 11% dropp in one week, supported by diminishing tensions between USA and Iran, a strengthening dollar and rising crude inventories.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of 21 July, 2008 click here

Applying gaskets and sealing beads efficiently

KraussMaffei supplies mixing heads and metering machines that enable PUR sealing beads and gaskets to be produced in high-pressure processes. At the Fakuma 2008 in Friedrichshafen (October 14-18), KraaussMaffei will be demonstrating this capability with a system applying a PUR gasket to a thermoplastic part.

For more details on Applying gaskets and sealing beads efficiently click here

Braskem has new record sales for UTEC in June 2008

In June 2008, Braskem UTEC business registered its highest sales figures for a single month. The new record represents an important milestone for Braskem since it was obtained through an important groowth in sales in Europe.

For more details on Braskem has new record sales for UTEC in June 2008 click here

Fluor Expands Asian Operations with New Singapore Office

Fluor Corporation on Wednesday announced that it is expanding its presence in southeast Asia with a new and expanded operations office in Singapore. The new location will offer a range of services to Fluor's clients in the energy, chemicals, industrial, infrastructure, operations and maintenance sectors.

For more details on Fluor Expands Asian Operations with New Singapore Office click here

Fluor Expands Asian Operations with New Singapore Office

Fluor Corporation on Wednesday announced that it is expanding its presence in southeast Asia with a new and expanded operations office in Singapore. The new location will offer a range of services to Fluor's clients in the energy, chemicals, industrial, infrastructure, operations and maintenance sectors.

For more details on Fluor Expands Asian Operations with New Singapore Office click here

Santoprene TPV 85TL bonds with metal to simplify automotive weatherseal fabrication

ExxonMobil Chemical's Santoprene™ thermoplastic vulcanizate (TPV) 8291-85TL bonds directly to metal to simplify weatherseal fabrication. This grade is suitable for virtually any automotive weatherseall application where metal and TPV surfaces can be joined in a co-extrusion process.

For more details on Santoprene TPV 85TL bonds with metal to simplify automotive weatherseal fabrication click here

Ticona starts up GUR UHMW-PE facility at Nanjing,China

Ticona Engineering Polymers (a business of Celanese Corp) has successfully commenced operations at the Celanese integrated complex in Nanjing, China. Plant capacity is at 20,000 tons of GUR ultra-highh molecular weight polyethylene (UHMW-PE), augmenting the company's total capacity from the three plants to 90,000 tons.

For more details on Ticona starts up GUR UHMW-PE facility at Nanjing,China click here

Petrochemical ports along the coast of Texas closed

The eye of Hurricane Dolly is expected to cross the Texas coastline near the Mexican border by noon CDT (1700 GMT) on Wednesday, according the U.S. National Hurricane Center. As Hurricane Dolly moves nearer, petrochemical ports along the Texas coast have been closed.

For more details on Petrochemical ports along the coast of Texas closed click here

Rising feedstock costs to restrict demand growth for petrochemicals

Demand growth for petrochemicals is estimated to be restricted between 4-5% on rising prices of ethylene, propylene and other basic petrochemicals, as per a new report from Global Research. Figures inndicate that the foremost increase in petrochemical production capacity was witnessed in 2005 and 2006.

For more details on Rising feedstock costs to restrict demand growth for petrochemicals click here

Plastics in rigid food packaging to expand by 4.7% pa till 2013

Plastics used in rigid food packaging in the US market is expected to expand by 4.7% pa to £17.2 bln in 2013, as per a report by the US-based BCC Research. Rigid plastic food packaging includes bottlees, dairy, meat and deli containers, prepared food trays and a large group of containers mostly made for liquid foods.

For more details on Plastics in rigid food packaging to expand by 4.7% pa till 2013 click here

PMMI down-revises packaging equipment growth estimate by 0.2%

In line with the broader economic scenario and a general slowdown experienced in all industries, packaging equipment demand is also projected to be affected. As per an upgrade in the guide to the key trends affecting US packaging equipment purchasing, the Packaging Machinery Manufacturers Institute (PMMI) has updated its 2008 US Packaging Machinery Purchasing Plans Study.

For more details on PMMI down-revises packaging equipment growth estimate by 0.2% click here

Clariant acquires two companies to add proficiency in liquid masterbatches

Two Chicago-headquartered companies - Rite Systems and Ricon Colors have been acquired by Clariant. The financials of the deal are unknown but this acquisition will push forth the capability of Clariaant's liquid segment of masterbatch products.

For more details on Clariant acquires two companies to add proficiency in liquid masterbatches click here

PP prices to rise by EUR 200/ton; PS by EUR 130/ton: Dow

With effect from 1 August, 2008, Dow Europe will up the prices for its polypropylene resins and 'Inspire' PP performance polymers by EUR 200/ton. Also, it will raise the prices for its 'Styron' polysttyrene resins and Styron 'A Tech' advanced technology polystyrene resins by EUR 130/ton.

For more details on PP prices to rise by EUR 200/ton; PS by EUR 130/ton: Dow click here

Sinopec Shanghai expects 700 mln yuan Q2 loss despite govt subsidy

Despite earning a profit of 2.8 bln yuan for 2007 and having received a 247 mln yuan subsidy from government for the quarter, Sinopec Shanghai Petrochemical Co Ltd. is slated face a refining loss of oover 700 mln yuan in Q2 owing to soaring cruse prices.

For more details on Sinopec Shanghai expects 700 mln yuan Q2 loss despite govt subsidy click here

Shaw awarded contract for world's largest RFCC Unit at Abu Dhabi

The Shaw Group Inc. announced that its Energy & Chemicals Group has been selected to provide engineering services and licensing for its proprietary Residue Fluid Catalytic Cracking (RFCC) technology tto Abu Dhabi Oil Refining Company (Takreer).

For more details on Shaw awarded contract for world's largest RFCC Unit at Abu Dhabi click here

10% increase expected by Huntsman in Q2 Adjusted EBITDA

Huntsman Corporation on Tuesday announced that it expects its Adjusted EBITDA for the three month period ended June 30, 2008 to increase by approximately 10% as compared to Adjusted EBITDA for the thrree month period ended March 31, 2008.

For more details on 10% increase expected by Huntsman in Q2 Adjusted EBITDA click here

Plastic and elastomeric roofing materials projected to gain fastest uptil 2012

A recent study states that plastic and elastomeric roofing materials are projected to post the fastest gains through 2012. While plastic roofing (thermoplastic polyolefin, PVC, spray polyurethane foamm) will see its greatest gains the US market, elastomeric roofing (ethylene propylene diene monomer and chlorosulfonated polyethylene) will gain fastest in China and other Asian markets.

For more details on Plastic and elastomeric roofing materials projected to gain fastest uptil 2012 click here

20% PTA used to make bottle-grade polyester in China's domestic market

In China's domestic market about 20% of its Pure Terephthalic Acid (PTA) consumption goes toward manufacture of bottle-grade PET, mainly used in packing beverages, especially sodas. 5% of its total PTTA is consumed to make film-grade polyester, with the associated products used as packaging material, films and magnetic tapes.

For more details on 20% PTA used to make bottle-grade polyester in China's domestic market click here

Deal signed for gas-fired cogeneration power plant in Map Ta Phut

Glow Energy Plc. has signed a total of US$302 mln in contracts with a consortium of Marubeni and Black & Veatch for equipment supply and construction of its 382 megawatt gas-fired cogeneration power pplant in Map Ta Phut.

For more details on Deal signed for gas-fired cogeneration power plant in Map Ta Phut click here

Petrochemical industry in China sustains rapid growth in H1, but loses out on profits

The domestic petrochemical industry in China sustained its high speed growth in the first half. Stimulated by record high oil and feedstock prices in the global markets, prices for domestic petrochemiical products also witnessed a remarkable rise coupled with a trade deficit that continued to rise on account of short supply.

For more details on Petrochemical industry in China sustains rapid growth in H1, but loses out on profits click here

Innovative PVC foam-core Pipe line delivers impressive performance

Raw material costs can account for as much as 90% of the manufacturing cost of plastic pipe. Targeting the cost-saving potential in this area, KraussMaffei Berstorff has made it a high priority to devvelop machines and systems that will reduce raw material consumption and/or costs while maintaining highest pipe quality.

For more details on Innovative PVC foam-core Pipe line delivers impressive performance click here

State of the art WPC decking demo for all delegates of AMI'S conference

By joining AMI's Wood Plastics Composites 2008 conference, delegates will not only benefit from the best networking facilities and up to date presentations from the experts speakers, they will also ennjoy a of state of the art WPC decking demonstration with high performance strand extrusion.

For more details on State of the art WPC decking demo for all delegates of AMI'S conference click here

Romanian dye producers to invest in PS to leverage current supply chain and expand portfolio

In Romania, the dye producers are gradually looking to consolidate their already existing supply chain and distribution networks by investing and foraying into manufacturing of adhesives and polystyreene.

For more details on Romanian dye producers to invest in PS to leverage current supply chain and expand portfolio click here

Supplies from Middle East to push SCC's H2 petrochem margins downhill

Owing to the rising energy and raw material cost, Thailand's biggest conglomerate, Siam Cement PCL SCC.BK (SCC) is slated to highlight a Q2 operating earnings rise by minimal 2.7%. The higher energy aand raw stock costs were offset by the increase in selling prices thereby meagerly increasing the profit margins of its major petrochemical, cement and paper businesses.

For more details on Supplies from Middle East to push SCC's H2 petrochem margins downhill click here

World's largest gas field shows a 36% quarterly increase in petrochem exports

The export of petrochemical products from the world's largest gas field, South Pars field in Iran have shown a 36% rise in Q1 of Iranian calendar year (starting March 20) as compared to same period prrevious year to reach 106,000 tons, as per the senior authority of South Pars Complex Company.

For more details on World's largest gas field shows a 36% quarterly increase in petrochem exports click here

BASF invests in plant for production of oxidized waxes used in plastics processing

In Q4-08, BASF will begin construction of a second oxidizing plant for the production of synthetic waxes at its Ludwigshafen, Germany, site. From 2010 the plant will produce several thousand metric toons of oxidized waxes using a process developed by BASF.

For more details on BASF invests in plant for production of oxidized waxes used in plastics processing click here

Japanese processors consent to PE price hike by petrochemical makers

Polyethylene prices is Japan have been increased by a record 17% to unprecedented levels not seen for the past 25 years. This price hike was possible in the country as Japan's film manufacturers and oother processors have agreed to the price hikes sought by Mitsubishi Chemical Holdings Corp.

For more details on Japanese processors consent to PE price hike by petrochemical makers click here

Nokia to launch 40 new biodegradable mobile phones this year

Nokia is all set to launch around 40 new green mobile phone models this year, in a bid to make mobile phones biodegradable. The company plans to use biodegradable phone covers and recyclable battery ddesigns as they contain less toxic materials.

For more details on Nokia to launch 40 new biodegradable mobile phones this year click here

Cytec Industries cuts ACN production by 25% at Louisiana

The latest hike in propylene prices has claimed another victim- Cytec Industries has slashed production rates by 25% at its 227,250 tpa Fortier plant in Louisiana. Cytec has exited out of the spot marrket until customers are willing to pay more for material or raw material costs subsided.

For more details on Cytec Industries cuts ACN production by 25% at Louisiana click here

Plastic processors in Thailand mull 25% hike in price of finished products

In a bid to deal with rising feedstock costs that are beginning to affect the bottom line, Thailand's plastic processing industry is considering a 25% hike in price of finished products. As resin pricces have spiked by over 30% in about 4-5 months, the Thai plastic processing industry, mostly fragmented over smaller sized players, is facing losses from higher production costs.

For more details on Plastic processors in Thailand mull 25% hike in price of finished products click here

INEOS buyers move to support a monthly contract price for ethylene and propylene

Ongoing market discussions covering the cost of ethylene and propylene for Q3 have brought the failings of the existing quarterly pricing mechanism into sharp focus.
As a major buyer, INEOS considerss that the quarterly pricing mechanism no longer meets the needs of its derivative businesses.

For more details on INEOS buyers move to support a monthly contract price for ethylene and propylene click here

Siam Cement to hold 71% stake in joint petrochem deal with Petrovietnam, VNCC

Long Son Petrochemical Co Ltd-a company jointly formed by Petrovietnam, Vietnam National Chemical Corp, Siam Cement's Vina SCG Chemicals and its 44.7% owned Thai Plastic and Chemicals TPC.BK-has been issued a licence by Vietnamese government to set up a US$3.

For more details on Siam Cement to hold 71% stake in joint petrochem deal with Petrovietnam, VNCC click here

Promising prospect for UAE's plastic conversion industry in form Abu Dhabi Polymers Park

Government-owned Abu Dhabi Basic Industries Corporation (ADBIC) has revealed plans to set up UAE's very first industrial complex dedicated to plastic conversion industry-Abu Dhabi Polymers Park. The ppurpose of the polymer park will be to take benefit of the twofold increase in the polymer (which is used as a raw material) production capacity to 33 mln in the next three years.

For more details on Promising prospect for UAE's plastic conversion industry in form Abu Dhabi Polymers Park click here

Sabic's Q2 profit rise by 17%

Access to the low priced oil-based raw materials and the rising demand for fertilizers has augmented the world largest chemical maker, Sabic's Q2 profit by 17%. The company H1 profits rose by 13% fromm 14.

For more details on Sabic's Q2 profit rise by 17% click here

Nation's Petrochem industry to see an upward curve; expected to improve global competitiveness

Department of Petrochemicals in India accepted a threefold proposal to reduce the excise duties on polymers, plastics and petrochemicals; reduce import duty on naphtha and relaxation in duty on exportt of polymers.

For more details on Nation's Petrochem industry to see an upward curve; expected to improve global competitiveness click here

Import duties to be levied in USA on laminated PP Woven sacks dumped by China

In a bid to restore fair competition in the US market, a decision has found laminated woven polypropylene sacks dumped and imports subsidized from China. By a 6-0 vote, the U.S. International Trade Coommission (ITC) has affirmatively decided on a petition filed by US producers of laminated woven PP sacks against dumped and subsidized imports of these products from China.

For more details on Import duties to be levied in USA on laminated PP Woven sacks dumped by China click here

A Huntsman shareholder sues Hexion Specialty Chemicals

Hexion hurt Huntsman investors when it did not publicly disclose its concerns about its proposed purchase of the chemical maker - this was the reason cited by a Huntsman Corp. shareholder who has has sued Hexion Specialty Chemicals.

For more details on A Huntsman shareholder sues Hexion Specialty Chemicals click here

Westlake's PE project in Trinidad & Tobago stalled by continuing talks with government

USA based Westlake Chemical's planned polyethylene complex in Trinidad scheduled to commence construction by mid 2008, has been stalled. The company continues to be in talks with the Trinidad & Tobagoo government on a number of key contracts regarding the polyethylene and other derivatives project, to study which the company signed an MOU with the government in 2006.

For more details on Westlake's PE project in Trinidad & Tobago stalled by continuing talks with government click here

New material offers toughness, strength and flexibility of PP

A new material has been introduced: Durus ™, the newest addition to its FullCure® line of photopolymer materials, simulating plastics. DurusWhite, FullCure430 expands the FullCure line of modeling matterials, addresses a broad range of applications requiring polypropylene-like toughness, strength and flexibility, such as food packaging, laboratory equipment, loudspeakers, automotive components and more.

For more details on New material offers toughness, strength and flexibility of PP click here

Dow announces seventh hike in PE prices in 2008

Dow Europe has announced a price increase in polyethylene (PE) for the seventh time this year. Effective August 1, the prices for LDPE, LLDPE and HDPE in Europe, the Middle East, Africa and India willl be increased by Euro 150 per ton following a July 1 hike by the same amount.

For more details on Dow announces seventh hike in PE prices in 2008 click here

Sinopec to sign a JV with Vietnam's Petrolimex for a US$4.5 bln petrochem & refinery project

Sinopec Corp, Asia's leading oil refining company is expected to sign a joint venture with Vietnam's Petrolimex to invest in a US$ 4.5 bln petrochemical complex and refinery in Khanh Hoa province, as per a Petrolimex official.

For more details on Sinopec to sign a JV with Vietnam's Petrolimex for a US$4.5 bln petrochem & refinery project click here

Sinopec to sign a JV with Vietnam's Petrolimex for a US$4.5 bln petrochem & refinery project

Sinopec Corp, Asia's leading oil refining company is expected to sign a joint venture with Vietnam's Petrolimex to invest in a US$ 4.5 bln petrochemical complex and refinery in Khanh Hoa province, as per a Petrolimex official.

For more details on Sinopec to sign a JV with Vietnam's Petrolimex for a US$4.5 bln petrochem & refinery project click here

Crude prices continue to slip under US$130/barrel

Facing expectations of declining demand for crude due to sluggish economic growth, oil prices slipped further for the third successive time. New York's main oil contract slipped more than US$15 post MMonday.

For more details on Crude prices continue to slip under US$130/barrel click here

Belgium's Soudal to establish PU foam plant in Poland

Belgium's Soudal, which specializes in sealants, adhesives, car body repair products and foams, is expected to invest €10.7 mln in a polyurethane foam and sealant compound production plant to be houseed at Pionki in Poland.

For more details on Belgium's Soudal to establish PU foam plant in Poland click here

China Bottles sees a three fold increment in June contract values from last year

China Bottles Inc, a China-based leading manufacturer of PET and PP blow molding packaging equipment and molds, has seen a three fold increment in the aggregate value of contracts signed in June compaared to value for the same month last year.

For more details on China Bottles sees a three fold increment in June contract values from last year click here

Dow Europe to shun its 50,000 tpa PS plant

With a purpose to restore the margins in the polystyrene business, Dow Europe is expected to shun its Terneuzen-based 50,000 tpa polystyrene (PS) plant in Netherlands. The date for resuming productionn is not known.

For more details on Dow Europe to shun its 50,000 tpa PS plant click here

600,000 tpa EG plant delivered to Kuwait's Equate

Equate Petrochemical Company's joint venture partners midland-based Dow Chemical Company and Kuwait-based Petrochemical Industries Company (PIC) have been delivered the ethylene glycol plant with the capacity of 600,000 tpa by the engineering companies.

For more details on 600,000 tpa EG plant delivered to Kuwait's Equate click here

Japan's ethylene and polymers output shrinks in H1-08

Japan's ethylene production for the six month period from January to June, 2008 has amounted to 3,570,500 tons, an 8.2% decline from the corresponding period last year. June's ethylene production shruunk 5.

For more details on Japan's ethylene and polymers output shrinks in H1-08 click here

Sinopec Shanghai cautions a net loss for H1-08

China-based oil refiner, Sinopec Shanghai Petrochemicals Co Ltd, has signaled a warning to declare a net loss for H1 ending June, 2008. This loss is estimated to be declared while announcing the interrim results on August 28, attributed to considerably escalating international crude oil costs and the price limits imposed on the refined products in China.

For more details on Sinopec Shanghai cautions a net loss for H1-08 click here

Dow and NREL Partner to Convert Biomass to Ethanol and Other Chemical Building Blocks

The Dow Chemical Company (Dow) and the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) today announced an agreement to jointly develop and evaluate a process that will convert biomass to ethanol and other chemical building blocks.

For more details on Dow and NREL Partner to Convert Biomass to Ethanol and Other Chemical Building Blocks click here

BASF SE Revises Offer Price for BASF India Ltd. Shares

BASF SE today announced that it has revised its offer price for shares in BASF India, to Rs.300 per share. The revised price provides a compelling premium of 26.7 % above the minimum price directed byy the Securities and Exchange Board of India (SEBI), 33.

For more details on BASF SE Revises Offer Price for BASF India Ltd. Shares click here

BASF SE Revises Offer Price for BASF India Ltd. Shares

BASF SE today announced that it has revised its offer price for shares in BASF India, to Rs.300 per share. The revised price provides a compelling premium of 26.7 % above the minimum price directed byy the Securities and Exchange Board of India (SEBI), 33.

For more details on BASF SE Revises Offer Price for BASF India Ltd. Shares click here

LyondellBasell to Increase Prices on Its Catalloy Process Resins in Europe

Effective August 1, LyondellBasell Industries will increase prices in Europe on all of its Adflex, Adsyl, Softell and reactor-grade Hifax resins by euro 200/ ton. "Escalating feedstock, energy and traansportation costs continue to erode our margins which necessitate this increase," said Paul Yeates, Senior Vice President of LyondellBasell's Advanced Polyolefins business.

For more details on LyondellBasell to Increase Prices on Its Catalloy Process Resins in Europe click here

After a ten dollar collapse in two days, oil prices slide further down

Following the past two days ten dollar slump, Thursday witnessed yet another fall in oil prices on a forecast that slowing economic growth will lead to a fall in demand for crude. New York's main oil contract, light sweet crude for August delivery dipped to US$133.

For more details on After a ten dollar collapse in two days, oil prices slide further down click here

800,000 tpa ethylene project planned by Sinopec in Hainan Province

Beijing based Sinopec, also known as China Petroleum & Chemical Corporation, plans to construct an 800,000 tpa ethylene project in central China's Hainan Province. A total outlay of US$4.3 bln will bee invested in Hainan and other projects, resulting in the formation of a major petrochemical base in central China.

For more details on 800,000 tpa ethylene project planned by Sinopec in Hainan Province click here

Ineos board defers a decision to shutter the Porto Marghera facility

Ineos Vinyls Italia, a subsidiary of Ineos has quizzed an accord to modernise Italy's petrochemicals sector worked out by Ineos in December 200. Inability to settle a long standing problem over supplyy of chlorine to Porto Marghera site, just outside Venice, could force Ineos to quit production of poly vinyl chloride (PVC) and vinyl chloride monomer (VCM).

For more details on Ineos board defers a decision to shutter the Porto Marghera facility click here

Belarusian petrochemical products to be sold in Moldova by joint company

In a bid to meet the growing demand petrochemical products including polyethylene, Moldova plans to ease accessibility to petrochemical products. Belarusian petrochemical products will now be sold in Moldova by a joint venture company between the two countries.

For more details on Belarusian petrochemical products to be sold in Moldova by joint company click here

An innovative breakthrough in Foam engineering unearthed

Foamex, a US based leading producer of polyurethane foam-based solutions and a manufacturer of high-performance polymers is all set to change consumers' and companies' outlook towards the use of foam..

For more details on An innovative breakthrough in Foam engineering unearthed click here

JV formed to produce film and packaging solutions in Russia

Pliant Corporation and Nova Roll announced their intent to form a Joint Venture to produce world-class film and packaging solutions. The JV will house HQ in Moscow and will see the production of PVC ffilm, machine grade stretch film, hand wrap stretch film, printed shrink bundling film, food sealant film and barrier film.

For more details on JV formed to produce film and packaging solutions in Russia click here

Plastics recycling & recovery sector welcomes new international standards

The standard ISO 15270:2008 - "Plastics - Guidelines for the recovery and recycling of plastics waste," an international standard and technical framework devised to develop an infrastructure for the gglobal plastics recovery and recycling market has been initiated.

For more details on Plastics recycling & recovery sector welcomes new international standards click here

India's polymer output to mount to 7 mln tpa by 2011; will improve the global foothold

India's polymer output is expected to mount from the current 5 mln tpa to 7 mln tpa between 2008 to 2011 thanks to the combined investment of Rs.1,38,743 crore from 10 petrochem companies in three yeaars.

For more details on India's polymer output to mount to 7 mln tpa by 2011; will improve the global foothold click here

IOC abandons petrochemicals component from Orissa project; will go ahead with refinery complex

Indian Oil Company (IOC), India's leading oil refiner and marketer, has finalized its decision to abandon the petrochemicals component from its Paradip based mega project in Orissa due to the financiaal crunch the company is facing.

For more details on IOC abandons petrochemicals component from Orissa project; will go ahead with refinery complex click here

UOP to design fifth aromatics complex for PetroChina

UOP LLC, Houston-based technology and engineering services provider has been opted by PetroChina Co. Ltd. to design the new refining and petrochemical complex for its subsidiary PetroChina Sichuan Pettrochemical Co.

For more details on UOP to design fifth aromatics complex for PetroChina click here

SABIC plans to close two sites on Teesside

SABIC plans to close two sites on Teesside- Aromatics 2 unit at the Sabic UK Petrochemicals' North Tees Site near Seal Sands and the paraxylene plant at Wilton. The closures are expected by the end off the year, as the company seeks to minimise the effects on employees through redeployment and voluntary means.

For more details on SABIC plans to close two sites on Teesside click here

Oil prices that dropped by ten dollars in two days, rebound

Oil prices recovered after a ten dollar drop in two days. Prices dropped sharply on a bigger than expected rise in US crude reserves before rising marginally to US$134.83 a barrel. Prices closed on Weednesday at US$134.

For more details on Oil prices that dropped by ten dollars in two days, rebound click here

Formosa Petrochem's H2 Aug naphtha buy is lower on reduced run rates

Corresponding to a 10 day shutdown at its gasoline-making residual fluid catalytic cracker from July 14, Taiwan's Formosa Petrochem has reduced operating rates at its 180,000 bpd crude unit. 55% of thhe RFCC's production is gasoline, and the balance is propylene.

For more details on Formosa Petrochem's H2 Aug naphtha buy is lower on reduced run rates click here

PolyOne Announces Formation of PolyOne Polymers India Pvt. Ltd.

PolyOne Corporation(N YSE: POL), a premier provider of specialized polymer materials, services and solutions, announced today that it has formed PolyOne Polymers India Pvt. Ltd. to import, manufacturee and sell PolyOne products in India and neighboring markets.

For more details on PolyOne Announces Formation of PolyOne Polymers India Pvt. Ltd. click here

Cargill breaks ground on US$22 mln biobased polyols plant in Chicago

Cargill has broken ground on a US$22 million BiOH™ brand polyols manufacturing plant in Chicago. This will be the first world-scale biobased polyols plant, and is estimated to be operational in Novembber.

For more details on Cargill breaks ground on US$22 mln biobased polyols plant in Chicago click here

Rigid plastic food packaging market in North America forecast to grow at 4.7% annually

The North American market for plastic rigid food packaging will surpass 6.2 mln tons in 2008, as per a report by BCC Research. The market is forecast to increase to over 17.2 billion pounds in 2013, aat a compounded annual growth rate of 4.

For more details on Rigid plastic food packaging market in North America forecast to grow at 4.7% annually click here

Q2 net profit of LG Chem rises by 60% on upbeat petrochem sales

South Korea's largest chemicals maker - LG Chem, has recorded a 60% increase in net profits fro the quarter. Net profit for Q2 was at 375.3 bln won (US$372.2 mln). This dramatic rise can be attributedd to bullish petrochemical sales that have offset record high feedstock cots.

For more details on Q2 net profit of LG Chem rises by 60% on upbeat petrochem sales click here

K-Dow, a new Dow-PIC JV to establish HQ in Michigan

Michigan will house the headquarters of new company K-Dow Petrochemicals, a US$11 bln JV between Dow Chemical Co. and Kuwait's Petrochemical Industries Co. (PIC). The new company will establish plastiics manufacturing facilities for an extensive range of products like milk jugs, packaging materials, pipes and automotive parts.

For more details on K-Dow, a new Dow-PIC JV to establish HQ in Michigan click here

Egypt's EChem to ramp up PVC, VCM & EDC capacity by 50%

Egypt's EChem is expected to ramp up the output at its Alexendria-based polyvinyl chloride (PVC) plant by 50% from 80,000 tpa to 120,000 tpa by the year end. Also, EChem is slated to expand its currennt 100,000 tpa vinyl chloride monomer (VCM) and 140,000 tpa ethylene dichloride (EDC) capacities by 50% each.

For more details on Egypt's EChem to ramp up PVC, VCM & EDC capacity by 50% click here

Leading Japanese producers mull monthly price hikes for petrochem products

Fighting to cope with escalating naphtha costs, Japan's leading petrochemicals producer, Mitsubishi Chemical Corp. plans to go ahead with a 10% - 15% increase in the prices of nearly all of its oil-baased products.

For more details on Leading Japanese producers mull monthly price hikes for petrochem products click here

Material and technology developments that affect the masterbatch industry

AMI's Masterbatch conference took place in Barcelona, Spain from 24-26 June 2008. Andrew Reynolds of AMI began by describing the effects of changes in the overall polymer markets on the masterbatch iindustry: growth for the past 5 years has been at 6%/year but has now slowed to 4%/year, a trend expected to continue to 2012.

For more details on Material and technology developments that affect the masterbatch industry click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of 14 July, 2008

CRUDE OIL
Oil prices ended the week of July 14, 2008 at US$145 per barrel, the same level as last week. However, the week saw plenty of movement in oil prrices.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of 14 July, 2008 click here

Crude oil plunges by over US$6- the largest single day drop

Tuesday saw crude oil futures close six dollars lower than start of day on concerns that oil demand will slump on slowing economic growth that sparked off a broad sell-off in energy commodities. OPEC has lowered its forecast for world oil-demand growth for 2008 and 2009, plunging crude futures by over US$6 a barrel, the biggest daily drop in more than 17 years.

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Fujian's US$3.5 bln refinery and petrochemical project making good progress

Fujian Refining & Petrochemical Company (FREP) is building a refinery and petrochemical complex in Quanzhou, Fujian Province, China. The project, planned at a total investment of US$3.5 bln includes tthe expansion of a refinery from 4 mln tpa to 12 mln tpa, construction of an 800,000 tpa steam cracker, 800 000 tpa polyethylene (PE) unit, 400,00 tpa polypropylene (PP) unit and an aromatics complex producing 700,000 tpa of paraxylene (PX).

For more details on Fujian's US$3.5 bln refinery and petrochemical project making good progress click here

2 polymer additive JVs in China under complete ownership of Albemarle

Albemarle Corporation has strengthened its position in the specialty chemicals sector, moving up as a leading manufacturer and supplier of polymer antioxidants in China and one of the top suppliers woorldwide with two new acquisitions.

For more details on 2 polymer additive JVs in China under complete ownership of Albemarle click here

Shanghai Petrochemical's Capacity expansion with shift in location plan approved

A plan to shift the existing location to a new one and thereafter increase capacity of the ethylene unit of Sinopec Shanghai Petrochemical Company has been approved by The National Development and Refform Commission (NDRC).

For more details on Shanghai Petrochemical's Capacity expansion with shift in location plan approved click here

Iran to lessen dependence on oil income; to lay special emphasis on the petrochemicals sector

In an attempt to make Iran's economy less oil-dependent, the nation has drafted a plan to boost its non-oil exports by laying special emphasis on the petrochemicals sector. Among other sectors are inddustrial, mineral and agricultural products.

For more details on Iran to lessen dependence on oil income; to lay special emphasis on the petrochemicals sector click here

Sabic's Q2 net profit to go up 9.2% despite US economic slowdown

Saudi Basic Industries Corp. (SABIC), world's leading chemical firm by market value, is slated to earn a Q2 net profit of US$1.9 bln, rising 9.2% from the quarterly earnings of US$1.74 bln in the corrresponding period last year ending June 30, 2007.

For more details on Sabic's Q2 net profit to go up 9.2% despite US economic slowdown click here

PP clarifier makes highly transparent PP a reality

Millad NX8000, Milliken Chemical's range of breakthrough Polypropylene (PP) clarifiers has bagged the 2008 R&D 100 Award for innovative products. Millad NX8000 clarifying agent makes highly transparennt PP an achievable reality by offering a 50% haze reduction as compared to the current industry standards.

For more details on PP clarifier makes highly transparent PP a reality click here

CNOOC plans 17 bln yuan investment in petrochemical project in Hebei

Pending approval from regulators, China National Offshore Oil Corp (CNOOC) plans to invest 17 bln yuan in a petrochemical complex in Hebei province. The complex will be planned with an annual capacityy of 12 mln tons.

For more details on CNOOC plans 17 bln yuan investment in petrochemical project in Hebei click here

Affected by record high oil prices, Mitsui plans an ethylene output cut

Affected by record high oil prices, another petrochem major in Japan has announced output cuts. With effect from August 1, Mitsui Chemicals plans to reduce operating rate at one of its two ethylene-prroducing naphtha crackers by 10.

For more details on Affected by record high oil prices, Mitsui plans an ethylene output cut click here

Petkim mulls US$5 bln spend in capacity expansion

SOCAR-Turcas-Injaz consortium that has recently acquired Turkish petrochemicals manufacturer Petkim, plans to almost double capacity at the plant. The new owners plan an investment outlay of US$5 bln towards capacity expansion at Petkim.

For more details on Petkim mulls US$5 bln spend in capacity expansion click here

EU sets deadline for inquiry into Algerian JV by Total and Sonatrach

The European Commission has set August 13 as the deadline to complete an inquiry into Total SA. and Sonatrach's proposed two joint ventures in Algeria. The new entities will construct and develop a neew ethane cracker plant in Arzew, Algeria.

For more details on EU sets deadline for inquiry into Algerian JV by Total and Sonatrach click here

First Japanese refiner to use processed waste plastic as refinery fuel

Japan Energy Venturing has attained the distinction of being a forerunner in the country to use processed waste plastic as a thermal cracking fuel. Japan’s sixth largest refiner has become the Japanesse first refiner to adopt this technology.

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Date to receive investment proposals to rehabilitate 22 state-run companies extended in Iraq

Iraq has extended a deadline to receive investment proposals for 22 state-run companies that include chemicals and petrochemicals companies. Investors are being approached to to help rehabilitate, moddernize and manage the companies.

For more details on Date to receive investment proposals to rehabilitate 22 state-run companies extended in Iraq click here

Petron's 40% govt share attracts JG Summit's attention

Philippines' Petron Corp., accounting for 40% of the nation's fuel requirement, has attracted JG Summit Holdings Inc. to buy the government's 40% stake in the company. JG Summit is not in a position tto increase their offer until the terms of reference for the sale of the government's stake in Petron has been released.

For more details on Petron's 40% govt share attracts JG Summit's attention click here

5% import duty on naphtha and 6% cut in excise duty on polymers likely in India

The Indian ministry of chemicals and petrochemicals has requested the industry bodies representing plastic manufacturing sector to provide them with the facts relating to demand, consumption, availabiility and revenue, thereby enabling them to forward the proposed changes in import duty, excise duty and customs duty on essential petrochemicals to the finance ministry.

For more details on 5% import duty on naphtha and 6% cut in excise duty on polymers likely in India click here

Aramco-Sabic polyolefins' agreement to add value to kingdom's investment

Under a vital co-operation deal signed between Saudi Aramco Sino Company and Sabic Shenzen trading Company, the latter will market Saudi Aramco Sino Company's 25% share of polyolefin products producedd by the Fujian Refining and Petrochemicals Company of China.

For more details on Aramco-Sabic polyolefins' agreement to add value to kingdom's investment click here

Production, sales volumes & prices augment Sipchem's profit by 34%

As per company release of Saudi International Petrochemical Company (Sipchem), the company's 34% increase in the Q2 profit can be attributed to output enhancement, higher selling prices of products annd greater volume of sales.

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DuPont to raise copounding capacity for nylon 6,6 and polyamide capacity at Shenzen

As part of its overall strategy to respond to long-term growth in demand for engineering polymers, DuPont will raise compounding capacity for its range of DuPont™ Zytel® nylon 6,6 resins and DuPont™ ZZytel® HTN high performance polyamide resins at the existing site in Shenzhen, China.

For more details on DuPont to raise copounding capacity for nylon 6,6 and polyamide capacity at Shenzen click here

CADE approval puts the Brazilian petrochemical industry in the global limelight

The Administrative Council for Economic Defense (CADE) has approved the restructuring operations carried out for the Southern and Southeastern petrochemical poles. Both operations have not only remodeeled the Brazilian petrochemical industry, but also helped it attain a global scale and made it more competitive.

For more details on CADE approval puts the Brazilian petrochemical industry in the global limelight click here

Improved ethylene margins could prompt Indonesian producer to raise cracker rate

Indonesia's Chandra Asri could consider raising operating rates at it's 600,000 tpa ethylene et cracker at Anyer that has been running at 80-85%. Poor margins triggered by rising crude and feedstock vvalues, had led to reduced rates since early April.

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Durable microwaveable trays from renewable agricultural biomass fibre composite

Environmentally conscious processors have a biodegradable packaging option - durable microwavable trays made from renewable agricultural biomass fibre composite, AgroResin. The AgroResin formulation iis not dependant on one particular fibre and the source can be varied to optimise the cost and performance.

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Andhra, Gujarat and Karnataka to get PCPIR approval by fiscal-end

Department of Chemicals and Petrochemicals of the Indian government will commence the approval process for the proposed Petroleum, Chemical and Petrochemical Investment Region (PCPIR) in which many sttates have expressed interests.

For more details on Andhra, Gujarat and Karnataka to get PCPIR approval by fiscal-end click here

Saudi Arabia's industrial diversification plan to get underway

The prospect of easy availability of cheaper raw materials seems sufficient to set Saudi Arabia's industrial diversification in motion. Saudi Arabia's embryonic plastics industry will gladly greet thee prospect of the kingdom's petrochemical producers selling their output to local manufacturers at a discount.

For more details on Saudi Arabia's industrial diversification plan to get underway click here

EuPR voices PE and PP recycling boost to meet 50% target

Responding to the European Parliament's European Waste Framework Directive, European Plastics Recyclers (EuPR) body voiced that additional steps need to be taken to encourage PP and PE recycling compllementary with a stringent collections for PET.

For more details on EuPR voices PE and PP recycling boost to meet 50% target click here

Dow Chemical to dive into specialty chemicals with acquisition of Rohm & Haas

Dow Chemical has decided to buy Rohm & Haas for a total value of US$15.3 bln at US$78 per share which will enable Dow to dive into specialty chemicals market, apart from the commodity chemicals markett, thereby broadening the product offerings in the paints, coatings and electronic materials.

For more details on Dow Chemical to dive into specialty chemicals with acquisition of Rohm & Haas click here

Export regulations on petrochemical products, polymers improbable

According to Indian Plastic federation (IPF), export regulations or duties on petrochemical products like polymers are improbable in the immediate future despite the government considering such an acttion to combat inflation.

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Conference to discuss process safety, human preparedness and issues pertaining to petrochemical industry

Health, Safety and Environment (HSE) standards implementation is to be the focal point of discussion at the 2nd Annual Global HSE Conference in Chemicals and Petrochemicals to be held in Rome, from Occtober 8-10.

For more details on Conference to discuss process safety, human preparedness and issues pertaining to petrochemical industry click here

Raymond awarded contract to construct pipeline for petrochem complex

A contract signed between Saudi Arabia's Al Khobar-based Raymond International Group and a local Saudi Polymers Company envisages a construction of a large diameter glass reinforced plastic pipeline, as part of National Chevron Phillips petrochemicals complex in Jubail.

For more details on Raymond awarded contract to construct pipeline for petrochem complex click here

LyondellBasell to adopt solutions for safety and reliability of European plants

LyondellBasell Industries, the global leader in polyolefins technology, production, marketing and one of the world's largest polymers, petrochemicals and fuel companies has finalized to use the Matriikon™ solution for Alarm Management developed by Matrikon Deutschland AG.

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Eastman Announces Vice Presidents for CASPI and PCI Business Segments

Eastman Chemical Company has announced new appointments in its Performance Chemicals and Intermediates (PCI) and Coatings, Adhesives, Specialty Polymers and Inks (CASPI) business segments. Damon C. Warmack has been named vice president and general manager, PCI.

For more details on Eastman Announces Vice Presidents for CASPI and PCI Business Segments click here

Unplanned shutdown of Marun Petrochemical's 1.1 mln tpa cracker

Iran's Marun Petrochemical has unexpectedly shut its 1.1 mln tpa cracker along with its high density polyethylene (HDPE), polypropylene (PP) and monoethylene glycol (MEG) units located at Bandar Immann.

For more details on Unplanned shutdown of Marun Petrochemical's 1.1 mln tpa cracker click here

Rosti Technical Plastics plans to launch new plant in India in August

In a move that will reinforce its commitment to the growing Asian region, injection moulder Rosti Technical Plastics plans to open a new plant in India as early as August this year. The Danish companyy has established an Indian counterpart -Rosti Technical Plastics India to meet growing customer demand.

For more details on Rosti Technical Plastics plans to launch new plant in India in August click here

Perstorp acquires specialty chemicals business from Rhodia and Lyondell Chimie

Perstorp has successfully acquired specialty chemicals operations, including the production of TDI, HDI and HDI derivatives, from Rhodia Organics and Lyondell Chimie TDI SCA. The completion of the acqquisition is subject to regulatory approvals.

For more details on Perstorp acquires specialty chemicals business from Rhodia and Lyondell Chimie click here

Reliance plans a 200,000 tpa PET plant in North Carolina

India's petrochem major, Reliance Industries plans to build a PET resin plant at Kinston, North Caroline. The 200,000 tpa PET plant estimated to come onstream by end of 2009, is to be located on the UUnifi Kinston LLC site.

For more details on Reliance plans a 200,000 tpa PET plant in North Carolina click here

Polyurethane foam market gaining strength in India

Polyurethane market in India is experiencing double-digit growth from this relatively low base. India will play an important role in the future development of the polyurethanes sector in Asia. From thhe various applications, polyurethane foam production holds the largest market potential in India, with the rise in urbanization, the burgeoning middle class population, and increased consumer spending power.

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Sinopec Shanghai gets approval to expand ethylene capacity to 600000 tons

Sinopec Shanghai PetroChemical's capacity expansion plan has been granted approval by the National Development and Reform Commission (NDRC) from the existing 150,000 tons to 600,000 tons. Sinopec Shannghai also plans to build a 300,000 ton polypropylene plant and a 380,000 ton glycol unit in the vicinity of its ethylene plant.

For more details on Sinopec Shanghai gets approval to expand ethylene capacity to 600000 tons click here

Final call awaited by Mittal and partners on US$6bln Vizag refinery & petrochem complex

ONGC's last month exit from the US$7 bln refinery and petrochemicals plant in Kakinada (150 km away from Vishakhapatnam) has led to the steel baron Laxmi Mittal, French oil major Total, HPCL, GAIL andd OIL to take a final call on whether to construct a US$6 bln refinery and petrochemical complex in Vishakhapatnam (Vizag), Andhra Pradesh.

For more details on Final call awaited by Mittal and partners on US$6bln Vizag refinery & petrochem complex click here

Export regulations for petrochem products in Indian govt's pipeline

In the light of escalating crude oil prices, the government of India is considering imposition of duties and regulating exports of petrochemical products like polymers (PE, PP, PVC and others). In an attempt to combat inflation, a meeting is being planned between the leading representatives of the petrochemical industries and the Finance Ministry.

For more details on Export regulations for petrochem products in Indian govt's pipeline click here

Total in bitumen JV with Vinergy : a key step for national and state highways in India

Total joined hands with Vinergy International Pvt. Ltd. to market and manufacture a specialized value added bitumen for Indian roads. Total , global major oil and fourth largest company in the world ooperating in more than 130 countries providing sustainable energy solutions, is well known for STYRELF used for providing high quality bituminous products for the highways and airports while Vinergy International Pvt.

For more details on Total in bitumen JV with Vinergy : a key step for national and state highways in India click here

Gulf petrochemical stocks led losses as bourses close lower

Five out of seven leading regional stock exchanges in Saudi Arabia dipped extensively lower on Wednesday. The investors in the Gulf's largest market reacted to a speculation of Iran launching attacks against Israel and US navy in the Gulf in response to any US attack over its nuclear program.

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Latest research tool enables high-speed polymerisation experimentation

Borealis, a leading provider of innovative, value creating plastics solutions, has started up a Parallel Pressure Reactor (PPR) research tool, supplied by U.S. R&D integration partner Symyx Technologiies, as part of a project to drastically reduce the time taken to develop new materials.

For more details on Latest research tool enables high-speed polymerisation experimentation click here

12 workers evacuated as ethylene leaks from Dow storage facility

Dow Chemical plant reported a gas leak last week, enforcing emergency protocols at Fort Saskatchewan's plant. Emergency crews doused the ethylene with a curtain of water to prevent it from igniting affter it started leaking from a wellhead during maintenance just after 11 a.

For more details on 12 workers evacuated as ethylene leaks from Dow storage facility click here

Oil markets settle after a brief spike as Iran tests long range missile

Oil markets have calmed down after briefly spiking on news that has Iran tested a long-range missile with the ability to hit Israel. The Shahab-3 was among a broadside of nine missiles fired off simulltaneously at 8:00 am (0330 GMT) from an undisclosed location in the Iranian desert.

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PolyOne Corporation forms Japanese entity

In a move that will expand its presence in Japan, PolyOne Corporation has formed a Japanese entity. PolyOne Japan Kabushiki Kaisha (PolyOne Japan Ltd.) has been formed by the premier provider of speciialized polymer materials, services and solutions.

For more details on PolyOne Corporation forms Japanese entity click here

Total to shutter 9 units at Port Arthur refinery

Total Petrochemicals USA plans to shut nine units at its 232,000 bpd Port Arthur, Texas, refinery. The units to be shuttered through July 12 include units 804, 805, 810, 819, 822, 823, 824, 825 and 8336.

For more details on Total to shutter 9 units at Port Arthur refinery click here

Reopening of Mississippi river as floods recede, usher relief for shippers

The Mississippi River has reopened as floodwaters recede, ushering relief for shippers in the Midwest. Lock 25 near Winfield, Missouri, north of St. Louis was the final lock to be opened. The floods hhad affected movement of material in the area.

For more details on Reopening of Mississippi river as floods recede, usher relief for shippers click here

June ethylene output in Japan down by 5.9% yoy

A recent report has revealed that heavier maintenance shutdowns have kept ethylene production in Japan down to by 5.9% in the month of June as compared to the production in June 2007. 4 ethylene plantts were shutdown in June for maintenance turnaround, keeping ethylene output down at 572500 tons, as compared with 2 shutdowns in June 2007, when output was at 608300 tons.

For more details on June ethylene output in Japan down by 5.9% yoy click here

Sino-Dutch JV to invest US$1.02 bln in commercial oil reserve

According to the company's website, SDIC Communications Co., and Netherlands-based Royal Vopak will jointly invest US$1.02 bln in a commercial oil reserve project to be located in Yangpu Economic Deveelopment Zone in Hainan.

For more details on Sino-Dutch JV to invest US$1.02 bln in commercial oil reserve click here

Shell calls off the multibillion heavy crude refinery expansion in Sarnia, Ontairo

Shell Canada, a wholly owned subsidiary of Royal Dutch Shell, has informed its employees to shun the pre-development and engineering work on the heavy oil refinery expansion near Sarnia, thereby indeffinitely putting hold on the multibillion dollar refinery expansion plan.

For more details on Shell calls off the multibillion heavy crude refinery expansion in Sarnia, Ontairo click here

Iran's Marun Petrochemical shuns cracker; also closes HDPE, PP, MEG lines

Marun Petrochemical, subsidiary of state-owned National Petrochemical Co. has put down the lid on its cracker in Bandar Imman including the high density polyethylene (HDPE), polypropylene (PP) and monnoethylene glycol (MEG) units.

For more details on Iran's Marun Petrochemical shuns cracker; also closes HDPE, PP, MEG lines click here

Foster Wheeler acquires Quotient Engineering to provide high value cost-competitive services

According to an announcement by Foster Wheeler Ltd., its Houston-based operating unit Foster Wheeler USA Corporation (FWUSA) along with its Indian subsidiary has bought bulk of assets of Quotient Engiineering, Inc.

For more details on Foster Wheeler acquires Quotient Engineering to provide high value cost-competitive services click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of July 7, 2008

CRUDE OIL
The week of July 7, 2008 saw crude oil futures rise from US$140 to past US$145 mid week, on supply concerns. Supply constraints are anticipated as global demand, particularly from China, increases, along with a further weakening of the US dollar.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of July 7, 2008 click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of July 7, 2008

CRUDE OIL
The week of July 7, 2008 saw crude oil futures rise from US$140 to past US$145 mid week, on supply concerns. Supply constraints are anticipated as global demand, particularly from China, increases, along with a further weakening of the US dollar.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of July 7, 2008 click here

Narendra Punamiya, the visionary of Narendra Group passes away

The group's deep know-how and brave initiatives have turned a small production capacity of 300 tpa in 1975 to a leadership position with installed capacity to manufacture PP, HM-HD, LLD/LD bags of 160000 tpa.

For more details on Narendra Punamiya, the visionary of Narendra Group passes away click here

F Kamber to develop and manage 50 sq km petrochemical park in China

Dubai-based group F Kamber Holdings and Shenyang Provincial Government have inked an agreement to develop and manage a 50 sq km petrochemical park at Shenyang, at an initial investment of US$6 bln (Dhh22 bln).

For more details on F Kamber to develop and manage 50 sq km petrochemical park in China click here

Addcomp acquires functionalised additives business from Solvay

Solvay has sold its Priex functionalised additives business to Addcomp Holland, a specialist supplier of one-pack additive systems, in a deal covering Priex technology, production equipment and knowhoow.

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Addcomp acquires functionalised additives business from Solvay

Solvay has sold its Priex functionalised additives business to Addcomp Holland, a specialist supplier of one-pack additive systems, in a deal covering Priex technology, production equipment and knowhoow.

For more details on Addcomp acquires functionalised additives business from Solvay click here

Samsung Total files US$25 mln lawsuit against Projector for breaches in naphtha contracts

Samsung Total Petrochemicals, South Korea's leading petrochem maker, has filed a lawsuit to claim nearly US$25 mln from trader Projector for breaches in naphtha contracts. Samsung Total said in court filings that Projector Asia had failed to pay US$21.

For more details on Samsung Total files US$25 mln lawsuit against Projector for breaches in naphtha contracts click here

A novel way by which plastic bags decompose in months

Landfill-clogging plastic bags that take 20 to 1,000 years to decompose, could now break down in barely few months.
Burd, An Ontario high school student has discovered a way to break down plastic inn a few months.

For more details on A novel way by which plastic bags decompose in months click here

Ineos mulls PVC and VCM production stoppage at Porto Venice

Inability to settle a long standing problem over supply of chlorine to Porto Marghera site, just outside Venice, could force Ineos to quit production of poly vinyl chloride (PVC) and vinyl chloride moonomer (VCM).

For more details on Ineos mulls PVC and VCM production stoppage at Porto Venice click here

Implant coated with polymer could enhance tissue healing and improve bone growth

Researchers from Georgia Institute of Technology have discovered that coating a titanium implant with a biologically inspired polymer can enhance tissue healing and improve bone growth. The coating sttrengthens attachment and integration of the implant to the bone, and specifically communicates with cells.

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India Pack 2008 Buyers Programme Convened successfully

The programme marked top level representation of over 100 leading packaging and allied sector companies. Those who have established themselves as innovative, imaginative, cost effective and reliable pplayer in the Indian Packaging Industry.

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Dow and Aker Kvaerner selected for new PP project in China

Dow Unipol Polypropylene Process Technology and Aker Kvaerner have been chosen by PetroChina Fushun Petrochemical Company for its new 300,000 tpa polypropylene facility to be built in Fushun, Liaoningg Province.

For more details on Dow and Aker Kvaerner selected for new PP project in China click here

Gulf Petroleum deploys consultant for O&G complex in Malaysia

Having obtained Malaysia's regulatory approval in April, Gulf Petroleum plans to build an integrated oil and gas complex constituting an oil refinery, petrochemical project and storage facilities in tthe initial five year phase.

For more details on Gulf Petroleum deploys consultant for O&G complex in Malaysia click here

EQUATE takes control of new 6,00,000 ton EG unit

According to the company's press release, EQUATE Petrochemical Company took control of the first process unit of Olefins II Kuwait Program (OL2K), having a capacity of the 600000 tpa of ethylene glycool (EG).

For more details on EQUATE takes control of new 6,00,000 ton EG unit click here

US petrochemical industry unlikely to be harmed by Hurricane Bertha

According to US National Hurricane Center, Hurricane Bertha showed signs of strengthening and was likely to turn into a Category 2 storm. The storm was moving at 15 miles/hour towards the Atlantic coaastline.

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BIPC's overseas sales value surpasses US$245 mln in month

Iran's Bandar Imam Petrochemical Company (BIPC) registered exports of over 24,0000 tons of petrochemical products, resulting in a 5% rise in its export value which surpassed US$245 mln during a periodd of May 21 to June 20, the past Iraninan month.

For more details on BIPC's overseas sales value surpasses US$245 mln in month click here

Adnoc and ConocoPhillips secure a sour gas deal

Abu Dhabi National Oil Company and ConocoPhillips, the US oil and gas company are expected to announce a 60:40 JV, a 30 year partnership to develop the US$10 bln on shore gas project-emirate's first mmajor sour gas project.

For more details on Adnoc and ConocoPhillips secure a sour gas deal click here

TECHNIP acquires Dutch EPG to form Technip-EPG BV

Technip has announced the acquisition of EPG (BV Ingenieursbureau EPG), a specialized engineering company with notably strength in the oil and gas and petrochemical sectors. With 35 years of experiennce earned working with local and global clients and an in-depth knowledge of the Dutch market, EPG will reinforce the Group's presence in Benelux.

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