Development of upstream infrastructure to bolster growth of downstream petrochemicals industries in Algeria

State-owned Algerian energy producer Sonatrach has signed a slew of big-budget contracts for the development of upstream infrastructure which should bolster future growth of downstream ppetrochemicals industries, according to companiesandmarkets.

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Concerns over wavering crude demand, weak recovery global economy knock down prices to US$71

The Energy Department in USA reported that crude stockpiles rose by 200,000 barrels for the week ended Aug. 21. As the fresh report showing a rise in crude supplies in USA hit the markets indicating wwavering crude oil demand amid concerns of weak global economic recovery, oil prices have tanked.

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Ethylene spot prices remain flat

Ethylene spot prices have maintained a spot sales average of 24¢ in August, the fourth straight month at that price as per purchasing.com. There may be a slight pickup to 26¢ in early September becausse of a recent slight uptick in feedstock ethane costs.

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Price of LLDPE to rise in Malaysia-processors expected to absorb higher cost

The Malaysian Plastic Manufacturers Association (MPMA) expects a 5% increase in the price of linear low-density polyethylene (LLDPE) next month. As the processors were expected to absorb much of the hhigher raw material cost, it could result in a demand slow down and affect the margins.

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New 135 ton hybrid IBM machine offers up to 35% energy savings

A new 135-ton hybrid injection blow molding (IBM) machine, which offers up to 35% energy saving compared with conventional hydraulically powered machines has been introduced by Jomar Corporation, a sppecialist in blow molding machinery.

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Ethylene from NE Asia diverted to SE Asia on lacklustre demand from China

Trading activity has come to a virtual standstill in NE Asia on weak ethylene demand from China as talks with traders had lapsed due to a wide buy-sell gap. Cargoes intended for this region have been diverted to SE Asia in a bid for better price realisation as per ICIS.

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Muted naphtha demand, increasing supplies in Asia: prices dip to week's low

Unenthusiastic spot demand for open-spec naphtha and a possible supply increase has pulled down naphtha prices in Asia. Prices slackened to a week's low, while cracks fell to their lowest in three weeeks.

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Possible delay in petrochem tariff elimination in ASEAN

The prospect of complete integration into a single market and production base under the ASEAN Economic Community (AEC) seems doubtful by 2015. Petrochemicals are among 12 sectors to be liberalised witthin ASEAN as agreed by the 10 members, scheduled originally to start from next year.

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Workshop on Plastic Packaging Waste Management

A multi stakeholder Plastic Packaging Waste Management Workshop was organized by Indian Plastics Institute (IPI) at Bangalore with the support of Indian Centre for Plastics in the Environment (ICPE) oon 27th & 28th July 2009.

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Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended August 24, 2009

CRUDE OIL
Crude oil prices spiked to hover around US$74 per barrel in the week of August 24, 2009 amid growing optimism about a global economic recovery. An increase in energy demand is expected based on a statement by Federal Reserve Chairman that the US economy is reviving.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended August 24, 2009 click here

Crude oil rally pauses after a week of increases

Oil prices that have been rising over the past week, have paused. Driven by a report showing rising US consumer confidence, oil prices in New York stroked US$75 for the first time in 10 months. Lightt, sweet crude for October delivery settled at US$74.

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Siam Cement to advance plans for delayed petrochemical complex in Vietnam

Leading Thai industrial conglomerate - Siam Cement PCL plans to move forward its plans to build a petrochemical complex in Vietnam. Vietnamese state oil group Petrovietnam and Siam Cement began constrruction of the joint-venture complex last year in the southern province of Ba Rai Vung Tao.

For more details on Siam Cement to advance plans for delayed petrochemical complex in Vietnam click here

Thai IRPC to shift absolute focus on petrochemical business

As the increasing popularity of alternative fuels has weakened projections of its refinery, Thailand’s IRPC Plc has decided to focus solely on the petrochemical business. The refinery performance has been waning on account of several factors including the recent demand deterioration due to the global economic slowdown, entry of larger players and increasing adoption of alternative fuels to replace conventional fuels, estimated to reach 20%.

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PetroChina Dushanzi starts up PP and PE units in Xinjiang with INEOS Technologies licence

PetroChina Dushanzi Petrochemical Company has started up two units- one for polypropylene and the other for polypropylene in Xinjiang China with INEOS Technologies licenses. The 550,000 tpa Innovene PPP polypropylene plant has become the 5th and 6th Innovene PP lines to start up in China since 1998.

For more details on PetroChina Dushanzi starts up PP and PE units in Xinjiang with INEOS Technologies licence click here

Q2 net profits at Formosa Petrochemical dip

As fuel demand got trimmed by the global economic downturn, profits have dipped at Formosa Petrochemical Corp. Formosa has posted a 35% drop in Q2-09 profits petroleum consumption in the first half oof the year in Taiwan dropped 12% since last year.

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SABIC’s delayed LDPE plant estimated to come on line in September 2009

Sabic UK Petrochemicals' 400,000 tpa low-density polyethylene (LDPE) plant in Wilton has met many hurdles that have delayed the plant start up. Construction at the immensely delayed plant seems to havve neared completion will finally come online in September and reach full capacity next year.

For more details on SABIC’s delayed LDPE plant estimated to come on line in September 2009 click here

Sinochem Quanzhou’s 200000 tpa plant selects UNIPOL™ PP Process Technology

Sinochem Quanzhou has selected UNIPOL™ Polypropylene Process Technology for its new polypropylene facility to be built in Quanzhou, Fujian Province. The 200,000 tpa facility is expected to come on linne in 2011, and is the sixth polypropylene plant in China to license UNIPOL™ Polypropylene Technology from Dow Basic Plastics.

For more details on Sinochem Quanzhou’s 200000 tpa plant selects UNIPOL™ PP Process Technology click here

Lanxess India expands plant capacity at Madurai

Specialty chemicals company LANXESS India is expanding its plant in Madurai, Tamil Nadu, in order to more than double the monthly production capacity of its material protection products. Further, to eenhance the quality standards of the manufacturing processes, LANXESS will upgrade the plant by equipping it with state-of-the-art and world-class facilities.

For more details on Lanxess India expands plant capacity at Madurai click here

Demand for foodservice disposables to rise in USA

Demand for foodservice disposables is projected to approach US$18 bln in 2013 as per a report by Freedonia. Though advances will decelerate from the past decade due to slower growth in consumer spendiing and more moderate material price increases, demand for disposables will be supported by a rebound in away-from-home food expenditures as the economy recovers.

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Brückner to focus on thermoforming and welding machines, plans further expansion

Reifenhäuser GmbH & Co KG Maschinenfabrik has taken over Kiefel Extrusion GmbH engaged in the blown film extrusion lines business. With its now completed divestment, Brückner is concentrating its Kieffel corporate division on Kiefel GmbH's thermoforming and welding machines.

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New grades offer twice the flow length of conventional glass-filled PBT grades

New high flow poly(butylene terephthalate) (PBT) grades that offer twice the flow length of conventional glass-filled PBT grades have been introduced by Sabic Innovative Plastics. Valox® SHF (Super Hiigh Flow) allows to reduce cycle time by up to 25% due to faster injection rate and reduced cooling time and are available in flame retardant and non flame retardant grades, with glass fiber contents ranging from 15 to 40%.

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Kiefel Extrusion, the blown film extrusion lines business to be sold by Brückner to Reifenhäuser

Reifenhäuser GmbH & Co. KG Maschinenfabrik, Troisdorf and Brückner Technology Holding GmbH, Siegsdorf announce that retroactively as of January 1, 2009 all their equity interests in Kiefel Extrusion GGmbH, Worms, engaged in the blown film extrusion lines business, will be sold by Brückner to Reifenhäuser.

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Milacron Businesses Exit Chapter 11

Milacron LLC has announced that it has completed its previously announced purchase of substantially all of the businesses and assets of Milacron Inc. The new company is owned by a group of investors led by Avenue Capital Group and DDJ Capital Management LLC.

For more details on Milacron Businesses Exit Chapter 11 click here

Mass production of fiber materials based on PLA and plant-derived polyesters for auto interiors

Toray Industries, Inc. has embarked upon mass production of its environment-friendly fiber materials based on polylactic acid (PLA) and plant-derived polyesters for automobile applications. The Japaneese producer is targeting first year sales figures at 200 tons for automotive products including ceiling upholstery and door trim materials.

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Week long maintenance shutdown at Saudi Aramco, Royal Dutch Shell’s JV Jubail refinery

Saudi Aramco and Royal Dutch Shell’s joint venture Jubail refinery is planned to be shutdown in March 2011. The entire refinery will be shut in March 2011 for seven days as the utility will be down.

A thermal gas unit, a breaker and another sulphur unit will be closed in 2010.

For more details on Week long maintenance shutdown at Saudi Aramco, Royal Dutch Shell’s JV Jubail refinery click here

Styrene is not a known human carcinogen, polystyrene does not contain or break down into BPA

Contrary to some media report, the chemical styrene is not a known human carcinogen and polystyrene plastic neither contains, nor does it break down into bisphenol A (BPA), according to Jack Snyder, eexecutive director of the Styrene Information and Research Center (SIRC).

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PURAC, Sulzer Chemtech, Synbra Technology get award in the field of Polylactic Acid Production

The 2008 Frost & Sullivan European Polylactic Production Technology Innovation of the Year Award in the field of Polylactic Acid Production goes to PURAC, Sulzer Chemtech and Synbra Technology for joiintly developing a new, cost-effective polymerisation process to produce high-quality polylactic acid (PLA) from a biorenewable resource.

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US company could get approval for petrochemical investments in Basra

A US based company could get the nod of approval from the Basra Investment Commission to invest in petrochemicals and oil services in the province. An approximate US$60 mln investment outlay will be rrequired in petrochemicals and oil services in the oil rich Basra province.

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Iran inks preliminary agreements with companies in Russia, Turkey, South Africa, India and Oman

Iran has inked preliminary agreements with companies from Russia, Turkey, South Africa, India and Oman to finance domestic petrochemical projects. The country requires US$3.3 bln to build new petrocheemical units and complete semi-finished projects by the yearend (March 2010).

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Braskem SA and Quattor Participacoes in talks to mull co-operation

Braskem SA, leading Latin American petrochem maker is in talks with Quattor Participacoes SA, to consider a possible acquisition. Quattor Participacoes is the second largest petrochemical maker in Braazil, and is a joint venture between UNIPAR and Petrobras.

For more details on Braskem SA and Quattor Participacoes in talks to mull co-operation click here

Equistar’s olefins plant at Texas will transition to a feedstock slate of nearly all NGL in 2010

Equistar Chemicals’ Corpus Christi, Texas, olefins plant will transition to a feedstock slate of nearly all natural gas liquids (NGL) in 2010 to benefit from the anticipated cost advantage of this feeedstock for the next several years.

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USFDA to review stance regarding BPA in food packaging

The US Food and Drug Administration (FDA) has seen a change in leadership that has prompted a review of its long-held stance about insufficient data available to support a ban on the use of bisphenoll A in food packaging, in particular, baby bottles.

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Wales to ban free carrier bags by 2010

By end of 2010, Wales is to become the first part of great Britain to ban free plastic carrier bags. With effect from the end of next year, all shops, market stalls and takeaways in Wales must charge up to 15p for plastic or paper bags.

For more details on Wales to ban free carrier bags by 2010 click here

Lyondell’s PO/SM plant in Texas to restart next month

As demand for propylene oxide and derivatives revitalizes, Lyondell Chemical Company plans to restart a propylene oxide/styrene monomer (PO/SM) unit at Channelview, Texas. The plant that was idled in December 2008 as demand deteriorated amid global economic slowdown, will return to service in September.

For more details on Lyondell’s PO/SM plant in Texas to restart next month click here

Petrochem projects in the Middle east revive as oil prices rebound

Oil and petrochemical development projects in the Middle East, that were on the drawing board or were initiated have been facing delays since oil prices crashed last year to the level of the mid-thirtties.

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LDPE spot prices in Europe approaching €1000/ton

Tight supplies are pushing up low density polyethylene (LDPE) spot prices in Europe to levels of €1000/ton, as per ICIS. Supplies have tightened on account of reduced production at cracker and polymerr level for many weeks, coupled with increased exports to Asia.

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Rs 300 crore insurance claim likely for Haldia Petrochem for fire in July

Haldia Petrochemicals is likely to get Rs 310 crore as insurance claim for a fire at its mother plant on July 2, 2009. Of this amount, Rs 100 crore is for loss of property and Rs 210 crore is for losss of profit.

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Sinopec acquires Geneva-based Addax Petroleum Corp

China Petrochemical Corporation (Sinopec Group) has acquired Geneva-based Addax Petroleum Corp through its wholly-owned Sinopec International Petroleum Exploration and Production Corporation (SIPC). PPer share bid price by SIPC's is C$52.

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Rebound in China’s chemical industry slows down

The recovery in China's petrochemical industry slowed last month due to weak demand as per China Petroleum and Chemical Industry Association (CPCIA)’s monthly report. The oil and gas exploration and ooil refining sectors have seen solid recovery in July, but the rebound in the chemical industry has slowed down.

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Sipchem’s US$1.07 bln project near completion

Saudi International Petrochemical Co (Sipchem)’s plans for a 4 billion riyals (US$1.07 bln) second phase, is scheduled for completion in September. The project comprises an acetyls complex that will pproduce 450,000 tpa acetic acid, 330,000 tpa of vinyl acetate monomer and 345,000 tpa of carbon monoxide.

For more details on Sipchem’s US$1.07 bln project near completion click here

Referundum in Seattle for Bag Tax rejected

Voters in a Seattle referendum rejected a city tax on plastic and paper shopping bags. The tax, passed by Seattle City Council last year but not yet implemented, would have required shoppers in the ciity to pay twenty cents for every bag they accepted at grocery, drug and convenience store checkout counters.

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Research and Developments in Pipeline Coating

Pipelines are being developed worldwide to meet the rising demands for energy and water, and pipeline integrity is being studied to reduce loss in transmission and to handle increasingly hostile envirronments.

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Thai PTT expects H2 net profit at similar levels as H1

PTT, Thailand's biggest energy firm, expects second-half net profit to be at levels similar close to the first half, as its oil and gas businesses remain under pressure from the weak economy. However,, revenue for H2 is expected to exceed that of the first as average oil prices rose to about US$70 a barrel from US$40 early this year.

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EFSA accepts new monomer to list of monomers for plastics used in food packaging

The European Food Safety Authority (EFSA) has accepted the safety of Eastman Tritan copolyester. The opinion paves the way for the European Commission to amend Directive 2002/72/EC to add a key monomeer used in Tritan to its list of acceptable monomers for the production of plastics intended for use in food packaging.

For more details on EFSA accepts new monomer to list of monomers for plastics used in food packaging click here

Naphtha cracks ease on slow demand

Naphtha markets is Asia await a clear direction leading to soft demand in the region, easing Asian naphtha cracks. Naphtha markets in the region had gained momentum over the past few weeks because of reduced exports from Europe and USA.

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TPI seeks financial support from Pertamina for paraxylene expansion

Thai petrochemical major PT Tuban Petrochemical Industries (TPI) has sought financial support to expand its paraxylene plant to 1.2 mln tpa, from PT Pertamina. TPI requires US$500 mln for the expansioon plan that it hopes to embark upon in H1-10.

For more details on TPI seeks financial support from Pertamina for paraxylene expansion click here

Modular concept developed to simplify monitoring of all extrusion line parameters

To simplify monitoring of all extrusion line parameters, Battenfeld Extrusions-technik GmbH, has developed a modular concept consisting of three components: energy monitoring, production monitor-ing aand maintenance monitoring.

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Formosa shuts No. 3 aromatics plant after fire

The 1.5 mln tpa No. 3 aromatics plant of Formosa Chemicals & Fibre Corp in Mailiao has been shut down due to a fire caused by a rupture of a heating pipe. The fire has been doused and the company is llooking into the repairs.

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August Polypropylene prices rise in North America

North American makers of polypropylene have raised prices by 4 cents per pound since Aug. 1. Regional PP prices now are up an average of 26 cents per pound since Jan. 1. That works out to a 46% price hike on injection molding grades of homopolymer PP.

For more details on August Polypropylene prices rise in North America click here

CPC plans restart of Kaohsiung naphtha cracker

Taiwan’s state-run CPC Corp, plans to restart its 230,000 ton No. 3 naphtha-processing plant in Kaohsiung that was shut due to a mechanical fault.
Supply from its other two crackers has not been affeected.

For more details on CPC plans restart of Kaohsiung naphtha cracker click here

Several bidders for Artenius polyethylene terephthalate plant

Grupo Seda’s Artenius UK subsidiary has gone into administration and will stop producing terephthalic acid (PTA) at its 580,000 tpa Wilton site and lay off approximately 50% of the workforce. The PTA plant provides feedstock for the 150,000 tpa PET (polyethylene terephthalate) facility at the site.

For more details on Several bidders for Artenius polyethylene terephthalate plant click here

Polyester demand on the rise in China on increased confidence from textile and garment sector

China’s textile and garment industry exports in June totaled to US$14 bln, rising 13% from export levels of May, but 10% below a year ago levels. Confidence has increased that textile and garment expoorts to the West will increase with larger orders for the next season as a result of a start in the economic recovery process globally.

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Hindustan Petroleum Corp realizes better premiums on naphtha for September lifting

Diminishing imports from Europe have propped up premiums in Asia for naphtha exports from India. Hindustan Petroleum Corp Ltd (HPCL) has sold 25,000-30,000 tons for Sept. 1-3 loading to Vitol at a preemium of around US$20-22/ton to Middle East quotes, on a free-on-board (FOB) basis, as compared to the US$17/ton realized from South Korea's SK Energy from the same port on Aug.

For more details on Hindustan Petroleum Corp realizes better premiums on naphtha for September lifting click here

Rising naphtha prices in Europe heralding economic recovery

Naphtha prices in Europe have sprung to ten month highs of US$645/ton on August 13. Naphtha makers in the continent have ramped up production rates. Naphtha for delivery into northwest Europe fell too more than six-year lows of US$235/ton in December, and as they nearly triple, they indicate a recovery in the economy.

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SABIC’s 400,000 tpa LDPE plant at Wilton scheduled to start up in September

Sabic’s 400,000 tpa LDPE plant, the world’s largest, at Wilton, Teesside is scheduled to start production in September. Full capacity is expected to be reached during 2010. The delayed LDPE plant, ownned by Huntsman until Sabic’s takeover, had an original start-up date of Q4-2007, and was postponed until February 2008.

For more details on SABIC’s 400,000 tpa LDPE plant at Wilton scheduled to start up in September click here

Strategic Analysis of the European Plastic Packaging Additives Market

Safe, Value-enhanced products are beneficial for companies in the long-term, thereby driving growth in the European plastic packaging additives market as per a report by Frost & Sullivan. Packaging reesins such as polyvinyl chloride (PVC), polyethylene (PE) and polypropylene (PP) are the most widely used packaging products.

For more details on Strategic Analysis of the European Plastic Packaging Additives Market click here

CTCI Corp awards US$40 mln ethylene plant contract to Lummus subsidiary

A subsidiary of Chicago Bridge & Iron NV has been awarded a US$40 mln contract to supply eight heaters to CTCI Corp’s ethylene plant in Taiwan. The Lummus Technology subsidiary has won the contract foor a plant in Lin Yuan, Taiwan.

For more details on CTCI Corp awards US$40 mln ethylene plant contract to Lummus subsidiary click here

Shell declares force majeure for propylene from Moerdijk

The existing tight propylene supply scenario in Europe has got compounded with another shutdown in the region. The latest FM declaration further reduces the already tight European supply of C3. Techniical problems have cause production glitches, compelling Shell Chemicals to declare force majeure (FM) on propylene deliveries from its cracker at Moerdijk, Netherlands.

For more details on Shell declares force majeure for propylene from Moerdijk click here

Novomer raises US$14 mln in second round of venture funding to scale technology

In a move that will help the company fund scaling of technology, Novomer has raised US$14 mln in a second round of venture funding. Novomer is one of a very few companies in the race to create biodegrradable plastics.

For more details on Novomer raises US$14 mln in second round of venture funding to scale technology click here

Mitsubishi Chem to restart 476,000 tpa No.2 naphtha cracker at Kashima

Mitsubishi Chemical Corp. plans to restart its No.2 naphtha cracker in east Japan after a scheduled maintenance has been completed. The 476,000 tpa cracker at Kashima was initially planned to be shut for maintenance from June 28-Aug.

For more details on Mitsubishi Chem to restart 476,000 tpa No.2 naphtha cracker at Kashima click here

Crewmen missing after collision of naphtha tanker with cargo vessel

A tanker carrying approximately 58,000 tons of naphtha from the United Arab Emirates to South Korea, has collided with a British registered bulk carrier ship in the Strait of Malacca. Nine crewmen froom the oil vessel were missing after the collision that has not resulted in any oil spill, and shipping in the busy waterway has not been disrupted despite a fire on the tanker.

For more details on Crewmen missing after collision of naphtha tanker with cargo vessel click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended August 17, 2009

CRUDE OIL
Oil prices have dropped below US$67/barrel in the week of August 17, 2009, on falling equity markets in USA as investors get cautious of the sslow speed of global economic recovery and possible renewal in energy demand.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended August 17, 2009 click here

Borealis undertakes pioneering analysis of Water Footprint of plastics

Borealis, a leading provider of innovative, value creating plastics solutions, has completed the plastics industry’s first assessment of the Water Footprint of plastics materials. The findings will bee discussed at the 2009 World Water Week in Stockholm.

For more details on Borealis undertakes pioneering analysis of Water Footprint of plastics click here

CPC Corp’s naphtha cracker operations steady

Flooding caused by Typhoon Morakot in parts of Taiwan has rendered production cuts at several downstream plants across the country, including CPC Corp.’s naphtha cracker. Ethylene producing capacity aat the state run petrochem major was reduced to 75% capacity, down from 95%.

For more details on CPC Corp’s naphtha cracker operations steady click here

EQUATE declares start-up of new Styrene Monomer unit

EQUATE Petrochemical Company officially announced the beginning of commercial operations of The Kuwait Styrene Company’s (TKSC) new Ethyl Benzene & Styrene Monomer (EBSM) production plant. With a prodduction capacity of 450,000 metric tpa of Styrene Monomer (SM), the new plant is currently producing on-spec SM and will be run as part of Greater EQUATE’s integrated facility.

For more details on EQUATE declares start-up of new Styrene Monomer unit click here

New polypropylene with high temperature resistance, durability, and transparency suitable for food containers

A new polypropylene resin called Clyrell RC5056 suitable has been developed by PolyMirae for applications in food containers because of its resistance to high temperatures as well as its durability annd transparency.

For more details on New polypropylene with high temperature resistance, durability, and transparency suitable for food containers click here

BPCL realizes lower premiums for prompt shipment naphtha

India's Bharat Petroleum Corp. Ltd. (BPCL) has realized lower than last month premiums on a low-aromatic naphtha grade cargo for late August-early September lifting. At a time when Indian suppliers arre raking in increased premiums, the reverse has happened with this deal mainly due to the prompt shipment of the cargo, which gives traders little time to seek end users.

For more details on BPCL realizes lower premiums for prompt shipment naphtha click here

Oil prices dip as investors guard against the slower pace of global economic recovery

Oil prices have dipped below US$67/barrel as equity markets dipped in USA as investors have got wary of the speed of global economic recovery and possible renewal in energy demand. Additionally, data from Japan - the third largest oil consumer, indicates unsteady economic recovery.

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Injection molding technology for micromolded medical components from PEEK

A special injection molding technology that allows to produce surgical instrument connector plugs in high-temperature polyetheretherketone (PEEK) material by using an only 2.8g shot weight has been deeveloped by the German moldmaker and plastic converter Köbelin Formenbau GmbH.

For more details on Injection molding technology for micromolded medical components from PEEK click here

Pressure on naphtha prices as exports from India slip amid falling supplies from Europe

At a time when naphtha supplies from Europe have declined due to increased consumption by refineries there, naphtha prices in the Asian market is under additional pressure on slipping exports from Inddia.

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Polypropylene consumption to grow at less than 1% in 2009, reaching 2007 levels in 2010

Global consumption of polypropylene in 2008 was 45.5 mln tons, down by 1.4 mln tons from 2007. With the global economy starting to recover in H2-2009, the polypropylene usage level will grow less thann 1% in 2009 and finally reach 2007 usage levels sometime in 2010.

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Plastics that convert light to electricity

A research team headed by David Ginger, a University of Washington associate professor of chemistry, has found a way to make images of tiny bubbles and channels, roughly 10,000 times smaller than a huuman hair, inside plastic solar cells.

For more details on Plastics that convert light to electricity click here

Latvia’s new legislative approach on bioplastics supported by European Bioplastics

The Latvian representation of the bioplastics industry has initiated a cabinet ordinance that is preparing to implement EN 13432 and EN 14995 into national legislation. European Bioplastics, the Europpean representation of the bioplastics industry, supports the new legislative approach in Latvia.

For more details on Latvia’s new legislative approach on bioplastics supported by European Bioplastics click here

Dow-SCG specialty elastomer JV to come onstream as planned

A specialty elastomer joint venture between Dow Chemical Co. and Siam Cement Group, will come on stream in 2011 as planned. The world-scale facility located in the Asia Industrial Estate in Rayong proovince is part of the company’s plans to bolster its Asian operations.

For more details on Dow-SCG specialty elastomer JV to come onstream as planned click here

MRPL, IOC, Reliance realize higher premiums for September naphtha

Indian naphtha sellers have realized a better premium for September naphtha due to restricted avails in the region, higher by 30-60% higher than their previous sales. Indian Oil Corp has sold 35,000 ttons of naphtha by tender for September 1-4 lifting from Chennai to Cargill at US$21-22/ton above its own pricing formula on a free-on-board (FOB) basis, as compared to a premium of US$13/ton for a parcel lifting from the same port on Aug.

For more details on MRPL, IOC, Reliance realize higher premiums for September naphtha click here

Emulsion Polymer in construction grew in China at double-digit rates in 2008

Average volume growth of synthetic latex polymers in China is predicted to be 7.5% from 2008 to 2013, continuing to outpace growth in Europe and the United States, according to a study by Kline & Comppany.

For more details on Emulsion Polymer in construction grew in China at double-digit rates in 2008 click here

Naphtha prices and crack spreads dip in Asia

As spot demand softens, naphtha prices in Asia dipped to a week's low and naphtha crack spreads dipped to ten day lows. Demand has been lackluster as most buyers including Taiwan's Formosa, South Koreea's Honam Petrochemicals and Japan's Mitsui Chemicals have finished replenishing H2-September stocks earlier in the week.

For more details on Naphtha prices and crack spreads dip in Asia click here

Iran's NPC delays restart of two steam crackers

Power supply issues have compelled Iran's state-owned National Petrochemical Company to delay the restart of its Olefin-9 and Olefin-10 steam crackers. The crackers have been idled since mid-July due to a turnaround at its natural gas facilities.

For more details on Iran's NPC delays restart of two steam crackers click here

September launch for first phase construction of Sibur’s polyolefins complex

Sibur plans to launch in September, the first phase construction of its polyolefins complex with the erection of a 500,000 tpa polypropylene plant at Tobolsk adjacent to the existing site of its subsiidiary Tobolsk-Neftekhim.

For more details on September launch for first phase construction of Sibur’s polyolefins complex click here

Lyondell plans restart of PO/SM unit as demand recovers

Lyondell Chemical Company’s propylene oxide/styrene monomer (PO/SM) unit at Channelview, Texas, had been shut down since December 2008 on deteriorating markets amid a global economic meltdown. Lyondelll plans to restart the Channelview PO/SM unit next month as demand for propylene oxide and its derivatives improves.

For more details on Lyondell plans restart of PO/SM unit as demand recovers click here

Closures of Wilton petrochem facility rings alarm bells for Europe petrochemical sites

As the recession digs deeper into Europe, the closure of Wilton, UK's most important shared chemical sites has rung the bells for other sites across Europe as per ICIS. Wilton has access to the sea viia the river Tees, and is also connected to the ethylene pipeline running to Grangemouth/Mossmorran in Scotland and across the Pennine hills to the west coast Runcorn/Stanlow complex.

For more details on Closures of Wilton petrochem facility rings alarm bells for Europe petrochemical sites click here

Oil prices dip below US$70 on bearish pressures

As bearish pressures continue, oil prices have dipped below US$70 a barrel in New York. Equities have dipped as suggested by Standard & Poor’s 500 Index that lost as much as 1.5%, the biggest decline in more than a month.

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Growing environmental concerns cast a shadow over future of Mab Ta Phut Industrial Estate

Growing concerns regarding environmental pollution over the last few years at Thailand’s leading chemical site Mab Ta Phut, has prompted the Thai government to announce that it would introduce tougherr emission standards, as per ICIS.

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BASF to persist with plans for MDI plant in Chongqing

Awaiting results of a deliberation by the local authorities considering the impact on indigenous production by its new plant, BASF plans to persist with plans for a MDI (methylene diphenyl diisocyanatte) plant in Chongqing, China.

For more details on BASF to persist with plans for MDI plant in Chongqing click here

A new grade of polycarbonate for the growing LED market

As part of its commitment to the growing LED (light emitting diode) lighting market, Bayer MaterialScience LLC has introduced a new grade of polycarbonate resin - Makrolon® LED2243, designed to resistt UV light, and to offer superior clarity for optic and lens applications.

For more details on A new grade of polycarbonate for the growing LED market click here

SABIC receives Chinese government approval for joint project with Sinopec

Saudi Basic Industries Corporation (SABIC) has received official approval from the Chinese National Development and Reform Commission (NDRC) to participate in a 50:50 joint venture with China Petroleuum & Chemical Corporation (Sinopec) in the Tianjin petrochemical complex currently under construction in Tianjin, China.

For more details on SABIC receives Chinese government approval for joint project with Sinopec click here

US pipe demand to grow at 2% pa to 11 billion feet in 2013

US pipe demand is forecast to grow at 2% pa to 11 billion feet in 2013 as per a study by Freedonia.
Gains will be boosted by a rebounding construction sector, the growing obsolescence of sewer and ddrainage systems, and needs to upgrade municipal water systems.

For more details on US pipe demand to grow at 2% pa to 11 billion feet in 2013 click here

Environmental friendly flexible foams

A wide variety of environmentally-friendly flexible foams has been introduced by American Excelsior Company under the brand name Earth-Flex. These environmental friendly products are made from a varieety of renewable resources including soy.

For more details on Environmental friendly flexible foams click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended August 10, 2009

CRUDE OIL
US crude settled at US$71 a barrel, retracing losses recorded earlier in the week of August 10, 2009; while London Brent crude settled at US$74 a barrel.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended August 10, 2009 click here

Economic stimulus package likely to drive composite market growth in USA

Despite a significant downturn in the U.S. construction market and a slowdown in wind energy, the economic stimulus package announced in USA is likely to drive composite market growth. Out of US$787 bbln of stimulus package, US$103 bln of ARRA (American Recovery and Relief Act) investment is likely to affect composites related end markets such as construction, wind and mass transportation.

For more details on Economic stimulus package likely to drive composite market growth in USA click here

DuPont sees speedy fluorochemicals growth in India

In 2006, DuPont Fluorochemicals organized and led a strategy workshop to develop a course of action to quickly build business in the Indian market. The team focused its efforts on:

Highlighting thee company's wide product portfolio

Enhancing the distribution network

Converting new OEM (original equipment manufacturers) accounts

As a result, revenues reached US$7.

For more details on DuPont sees speedy fluorochemicals growth in India click here

Indorama to gain from Thai and European acquisitions as Asian PTA markets begin to recover after 2 years

Indorama Ventures Ltd (IVL) expects to gain from its acquisitions completed last year in Thailand and Europe, coupled with commencement of recovery in purified terephthalic acid (PTA) in Asia after aa two year long downcycle.

For more details on Indorama to gain from Thai and European acquisitions as Asian PTA markets begin to recover after 2 years click here

A polymer additive for plastics and rubber available for industrial application

Specialty chemicals group LANXESS AG has developed a polymer additive for plastics and rubber that is now available for industrial application. These microgels, which consist of nanoscale organic partticles, can be used to improve the material properties of elastomer and thermoplastic materials .

For more details on A polymer additive for plastics and rubber available for industrial application click here

In mold decorated, thin-walled packaging made from biobased material

An innovative rigid, thin walled packaging made from a compostable biodegradable material has been developed by Biotech (Sphere Group) and Europlastiques. Polylactic acid (PLA) for food contact appliccations has been used as the raw material.

For more details on In mold decorated, thin-walled packaging made from biobased material click here

Ineos shutters cracker at Grangemouth for regular maintenance

Ineos Group Holdings Plc, plans to shut the KG ethylene cracker at its Grangemouth plant in Scotland for regular maintenance. This may affect naphtha supplies and prices in Europe.


For more details on Ineos shutters cracker at Grangemouth for regular maintenance click here

Qapco inks QR730 mln deal to finance LDPE-3 project and related operations

Qatar Petrochemical Company (Qapco) has inked a QR730 mln deal with Qatar Islamic Bank (QIB) for a Shariah-compliant financing facility to be utilised for its new Low-Density Polethylene-3 (LDPE-3) prroject and related operations.

For more details on Qapco inks QR730 mln deal to finance LDPE-3 project and related operations click here

CPC brings down run rates at naphtha crackers after Typhoon Morakot

Flooding caused by Typhoon Morakot in parts of Taiwan has rendered production cuts at several downstream plants across the country. Taiwan's state-owned oil refiner CPC Corp.’s naphtha cracker has redduced production of ethylene and is operating at 75% capacity, down from 95%.

For more details on CPC brings down run rates at naphtha crackers after Typhoon Morakot click here

Petrochemical plants in Taiwan unaffected by the typhoon

Typhoon Morakot that swept through Taiwan over the weekend, causing the worst flooding in 50 years, did not disrupt operations at petrochemical plants in Taiwan. Some petrochemical plants had to shut as a precautionary measure, but resumed operations after a few hours, as per ICIS.

For more details on Petrochemical plants in Taiwan unaffected by the typhoon click here

Mitsubishi Rayon, SABIC in JV for 250,000 tpa MMA plant in Saudi Arabia

Mitsubishi Rayon and SABIC have signed a letter of intent for a joint venture to build a US$1 bln methyl methacrylate (MMA) complex in Saudi Arabia. The 50-50 venture will use an ethylene-based MMA prrocess developed by Lucite.

For more details on Mitsubishi Rayon, SABIC in JV for 250,000 tpa MMA plant in Saudi Arabia click here

Exports of naphtha from Europe to Asia could dip in September

Contrary to earlier expectations, naphtha supply situation in Asia could be tight next month. Europe’s naphtha exports to Asia could witness a fall in September, as imports from northwest Europe (NWE)) dwindle.

For more details on Exports of naphtha from Europe to Asia could dip in September click here

Oil prices dip to US$70 in line with losses on the Wall Street

Crude oil fell to US$70.60 in New York, While London Brent slipped to US$73.50. These miniscule losses have been in line with modest Wall Street losses on the eve of a meeting of the US Federal Reservve, and after OPEC's president termed current prices as "not bad", thus signalling that OPEC a signal is unlikely to cut output at a meeting next month.

For more details on Oil prices dip to US$70 in line with losses on the Wall Street click here

Mitsubishi Chem mulls acquisition of Mitsubishi Rayon

In a bid to draw level with rivals from the Middle East and China, Mitsubishi Chemical Holdings is planning restructuring of its petrochemical operations. Negotiations are underway for Mitsubishi Chemmical Holdings to buy resin maker Mitsubishi Rayon for approximately US$2.

For more details on Mitsubishi Chem mulls acquisition of Mitsubishi Rayon click here

Increased cost estimates for construction of Comperj petrochemical project

Brazil’s Petroleo Brasileiro SA (Petrobras) could see a rise in cost estimates for the construction of the Comperj petrochemical refinery project from the previous US$8.5 bln. The costs are expected tto increase as a result of readjustments in the price of equipment and services.

For more details on Increased cost estimates for construction of Comperj petrochemical project click here

Non oil exports/imports fall in Saudi Arabia on reduced trade in petrochemicals

Saudi Arabia’s May non-oil exports dropped 23% to 8.02 bln Saudi riyals (US$2.14 bln) yoy, due to reduced trade in petrochemicals triggered by the global economic downturn. Imports in the same month ddipped 16% to SAR29.

For more details on Non oil exports/imports fall in Saudi Arabia on reduced trade in petrochemicals click here

Braskem to delay petrochemical projects with Venezuela’s Pequiven by two years

Braskem SA plans to delay petrochemical projects with Venezuela's state-run Pequiven in line with forecasts of increased demand for petrochemicals after a few years. This delay also allows the partnerrs to negotiate better prices for equipment.

For more details on Braskem to delay petrochemical projects with Venezuela’s Pequiven by two years click here

Idemitsu mulls alliance with Mitsui

Idemitsu is investigating plans to combine a 220,000 bpd refinery in Chiba near Tokyo with Mitsui Chemicals Inc’s 553,000 tpa of ethylene plant. Idemitsu provides feedstock naphtha to Mitsui’s petrochhemical plant.

For more details on Idemitsu mulls alliance with Mitsui click here

July ethylene output dips by 7.4% yoy in Japan

Ethylene output in Japan for July totalled 554,100 ton as compared with 598,300 tons a year ago, as per the Ministry of Economy, Trade and Industry. Ethylene production for the month of July in Japan fell 7.

For more details on July ethylene output dips by 7.4% yoy in Japan click here

Oil prices stabilize at US$71

US crude settled at US$71 a barrel, retracing earlier losses; while London Brent crude settled at US$74 a barrel. Oil prices have steadied these levels, cutting back earlier losses as rising Asian stoocks strengthened sentiments of economic recovery, and the dollar fell.

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Borealis restarts 620,000 tpa naphtha cracker after unplanned outage

Borealis has restarted its 620,000 tpa naphtha cracker at Stenungsund, Sweden, shutdown due to technical glitches. The plant was restarted after more than two-weeks and is running at its target capaciity.

For more details on Borealis restarts 620,000 tpa naphtha cracker after unplanned outage click here

Second spot export from Saudi Aramco’s Ras Tanura refinery in two months

Saudi Aramco has sold its second spot naphtha exports in two months from Ras Tanura refinery. The 50,000 ton cargo for September lifting follows restart of a 44,000 bpd hydrocracker in late June afterr a prolonged shutdown.

For more details on Second spot export from Saudi Aramco’s Ras Tanura refinery in two months click here

Tasweeq signs contract with naphtha buyers for 120,000-150,000 tons/month

Qatar’s Tasweeq has signed a term contract with 4-5 buyers for shipments of a total 120,000-150,000 tons of naphtha a month, equally to 60-75% of output from its new Ras Laffan condensate splitter. Thhe first shipments are expected to start in October when the new 146,000bpd condensate splitter will come online.

For more details on Tasweeq signs contract with naphtha buyers for 120,000-150,000 tons/month click here

South Korea and India sign comprehensive economic partnership agreement

After three and a half years of negotiations and talks, South Korea and Indiahave decided to reduce or eliminate tariffs by signing a comprehensive economic partnership agreement, (CEPA) in Seoul. Thee CEPA, which covers merchandise and service, investment and economic cooperation, is a de-facto free trade agreement, according to the foreign ministry.

For more details on South Korea and India sign comprehensive economic partnership agreement click here

SEPC starts up LDPE plant based on Lupotech T technology

Saudi Ethylene and Polyethylene Company (SEPC) has successfully started up its world-scale low density polyethylene (LDPE) plant based on the Lupotech T process technology. This LyondellBasell joint vventure, located in Al-Jubail, is estimated to have a capacity to produce 450,000 tpa.

For more details on SEPC starts up LDPE plant based on Lupotech T technology click here

India to have a new propylene oxide plant

Cochin based Mfar Group, Oman Oil Company, Kochi Refineries Ltd (KRL) and Kerala State Industrial Development Corporation (KSIDC) will jointly set up a new propylene oxide plant. Results of a feasibillity study conducted by an international consultant appointed by the partners, will be completed by next month.

For more details on India to have a new propylene oxide plant click here

Demand for natural polymers in US to grow 6% pa through 2012

Natural polymer demand is expected to grow at 6% pa to US$5 billion in 2012, reaching 2.3 billion pounds, as per a report by Reportlinker. Gains will be stimulated by increased levels of food productiion, and opportunities in packaging, oilfield, medical, cosmetic/ toiletry and other areas.

For more details on Demand for natural polymers in US to grow 6% pa through 2012 click here

Deteriorating market conditions trigger lay offs at Ticona’s Cleveland County plant

Deteriorating market conditions that have led to unenthusiastic demand has triggered lay off of about 100 workers in Cleveland County. The 150-employee facility is in the Earl community, a few miles ssouth of Shelby.

For more details on Deteriorating market conditions trigger lay offs at Ticona’s Cleveland County plant click here

Improved market conditions a precursor to launch of plastics futures at Dubai Multi Commodities Centre

The Dubai Gold and Commodities Exchange (DGCX) plans to wait for market conditions to improve before it launches its plastics future. The DGCX seeks encouraging feedback from the region's plastics inddustry to launch the plastics futures contracts.

For more details on Improved market conditions a precursor to launch of plastics futures at Dubai Multi Commodities Centre click here

DuPont Engg Polymers changes North American-based distribution network

As part of a new channel management strategy to position for growth after the current economic downturn, DuPont Engineering Polymers has planned changes to its North American-based distribution networrk.

For more details on DuPont Engg Polymers changes North American-based distribution network click here

Crude oil not dampened by increasing crude supplies and signs of weakness in retail and transportation

Crude oil prices have risen to levels of US$72/barrel spiking in the week from levels below US$63/barrel on investor optimism regarding recovery in the US economy. Oil prices have risen despite increaasing crude supplies and rising signs of weakness in major sectors like retail and transportation.

For more details on Crude oil not dampened by increasing crude supplies and signs of weakness in retail and transportation click here

Construction of IOC’s 15 mln tpa refinery at Paradeep to start by December

Indian Oil Corp’s 15 mln tpa refinery at Paradeep is progressing well and will be completed by March 2012. The construction of the 15 mln tpa refinery is expected to start by this December. Detail enggineering, procurement of long lead items and material requisition preparation for other items has commenced.

For more details on Construction of IOC’s 15 mln tpa refinery at Paradeep to start by December click here

Energy-efficient method of chemical separations could revolutionize processes in the petrochemical and biofuels industries

A team of researchers in the University of Minnesota's Institute of Technology, have developed a more energy-efficient method of chemical separations that could revolutionize processes in the petrocheemical and biofuels industries.

For more details on Energy-efficient method of chemical separations could revolutionize processes in the petrochemical and biofuels industries click here

Ineos plans maintenance shutdown at Grangemouth cracker

Ineos Group Holdings Plc, plans to shutter its Grangemouth cracker for regular maintenance. Shutdown of the KG ethylene cracker has been commenced and is ongoing since last week.

For more details on Ineos plans maintenance shutdown at Grangemouth cracker click here

Maximum polypropylene capacity additions till 2015 will be in Asia Pacific region

The Asia Pacific region has more than 10 mln tons of planned capacity additions accounting for more than 50% of the global planned capacity additions until 2015. The demand growth in rapidly developinng economies of China and India are the reasons for the rapid capacity build up in the region.

For more details on Maximum polypropylene capacity additions till 2015 will be in Asia Pacific region click here

Dow to pay off bridge loan with fresh issue of US$2.75 bln in public debt

Dow Chemical Co. plans to issue US$2.75 bln in new public debt to pay off a bridge loan used at the time of purchase of Rohm and Haas Co. The US$2.75 bln has been priced in a three-part offering of deebt securities, which will be used to repay the bridge loan and refinance other debt.

For more details on Dow to pay off bridge loan with fresh issue of US$2.75 bln in public debt click here

Movement of petrochem feedstocks in Europe

Open spec spot naphtha cargoes were assessed by ICIS Pricing at levels of US$637-647/ton CIF (cost, insurance and freight) NWE (northwest Europe) down by US$16/ton CIF NWE on the buy side of the rangee set at the end of trading on Tuesday.

For more details on Movement of petrochem feedstocks in Europe click here

Dearth of imports from the West for arrival in Asia helps IOC sell at steady premiums

Indian Oil Corp (IOC) has sold 30,000 tons of naphtha for early-September lifting from Kandla to Itochu at premiums upto US$15/ton to its own pricing formula, on a free-on-board (FOB) basis. A dearth of fresh Western imports for September arrival in Asia has helped maintain prices in the region.

For more details on Dearth of imports from the West for arrival in Asia helps IOC sell at steady premiums click here

Lyondell seeks a 6 week extension of its bankruptcy loan

As Lyondell Chemical Co contends with a lawsuit brought by a creditors committee, it has sought a six-week extension of its bankruptcy loan until Jan 31. The lawsuit seeks to recover as much as US$22 bln from the banks, advisers and executives who arranged the 2007 leveraged buyout of the company by Basell.

For more details on Lyondell seeks a 6 week extension of its bankruptcy loan click here

Accident at Total SA petrochemicals plant in France injures five

Five people have been injured in an accident at Total SA petrochemicals plant in the northern town Gonfreville-l'Orcher. During maintenance, workers on a scaffolding fell into a vat that containing suulfuric acid.

For more details on Accident at Total SA petrochemicals plant in France injures five click here

Robust demand doubles capacity at Nissei injection moulding machine plant in China

Growth in the injection molding sector is pushing up demand for machines in the country. Growing demand for injection moulding machines in China will see the new Nissei plant in Jiangsu province doublle its output as per Plastics News.

For more details on Robust demand doubles capacity at Nissei injection moulding machine plant in China click here

Dow continues divesting to become a more asset light business

Dow Chemical continues its series of divestitures as part of its endeavor to become a more asset light business. This will result in limiting its dependence on raw materials and aid in paying the debtt from its acquisition of Rohm & Haas.

For more details on Dow continues divesting to become a more asset light business click here

Refinery and petrochem complex planned in Taizhou by PetroChina, Shell, Qatar

A refinery and petrochem complex has been planned by PetroChina, Royal Dutch Shell and Qatar plan in Taizhou. The complex, planned at an investment outlay of 80 bln yuan will have an initial capacity of 400,000 bpd and an ethylene unit of 1.

For more details on Refinery and petrochem complex planned in Taizhou by PetroChina, Shell, Qatar click here

Polyethylene piping system with superior operating performance at extremely low temperatures

In response to market need for a fully integrated system solution, GF Piping Systems has introduced the chemically resistant PE100 Industrial Polyethylene Piping System offered in a complete range of pipe, fittings, valves and fusion joining technologies.

For more details on Polyethylene piping system with superior operating performance at extremely low temperatures click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended August 3, 2009

CRUDE OIL
Crude oil prices ended the week of August 3, 2009 at US$66.5 on the Nymex. Crude oil for September delivery was down 2.2% in the week of August 3, 2009, heading for its first weekly decline since July 10.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended August 3, 2009 click here

SK Energy to acquire BASF’s styrene monomer site in Ulsan

As part of its plans to restructure and significantly improve profitability in the styrenics value chain, and shape the business sustainability, BASF plans to sell its styrene monomer site situated wiithin SK's production complex in Ulsan to SK Energy.

For more details on SK Energy to acquire BASF’s styrene monomer site in Ulsan click here

Oxea acquires assets of ExxonMobil’s facility in Amsterdam

With effect from August 1, 2009, Oxea has finished the acquisition of assets of the Amsterdam Esters Plant in Amsterdam from ExxonMobil Chemical Holland B.V. The acquisition will significantly strengtthen Oxea's position in specialty chemicals and provide both an extension of its value chain as well as broadening its application basis.

For more details on Oxea acquires assets of ExxonMobil’s facility in Amsterdam click here

Bioplastics to see double-digit growth; must become effective and economical

Bioplastics are set to see double-digit growth but they must become effective and economical, not just ecologically sound as per a new report by Lux Research.
The study said that biopolymers currenttly have just a one per cent value share of the $1.

For more details on Bioplastics to see double-digit growth; must become effective and economical click here

Strong cash flow despite continuing weak demand at Clariant

Clariant, a world leader in specialty chemicals has announced sales of CHF 1.609 bln in Q2-2009, compared to CHF 2.121 bln in the same period of the previous year. This represents a 24% decline in Swiiss Francs, and 21% in local currency.

For more details on Strong cash flow despite continuing weak demand at Clariant click here

Patent Infringement lawsuit filed by DSM Dyneema

DSM Dyneema, inventor and manufacturer of Dyneema®, the world’s strongest fiber™, has started proceedings in a patent infringement lawsuit before the Court of Milan against Beijing Tongyizhong Speciallty Fiber Technology & Development Co.

For more details on Patent Infringement lawsuit filed by DSM Dyneema click here

Highest Engineering plastics performance with no carbon footprint

Newly-introduced EcoPaXX™ is a green, bio-based material: approximately 70% of the polymer consists of building blocks derived from castor oil as a renewable resource. EcoPaXX™ has been shown to be 1000% carbon neutral from cradle to gate, which means that the carbon dioxide which is generated during the production process of the polymer, is fully compensated by the amount of carbon dioxide absorbed in the growth phase of the castor beans.

For more details on Highest Engineering plastics performance with no carbon footprint click here

Dow looking for buyers for newly formed business unit Styron

Dow is looking for buyers for Styron - a newly formed unit that includes its styrenics and polycarbonate holdings. The unit will include Dow’s polystyrene, ABS, SAN, PC, styrene monomer, styrene-butaddiene rubber and latex assets, with as annual sales of about US$5 bln.

For more details on Dow looking for buyers for newly formed business unit Styron click here

Ethylene cargo to arrive in Europe from USA

A cargo of 9,000 ton is to arrive in Europe from USA by end of the month as per ICIS. Freight has been fixed at US$190/ton on the Isabella Kosan, but details of the CFR price in Europe is not immediattely available.

For more details on Ethylene cargo to arrive in Europe from USA click here

Borouge’s new polyolefins complex on track to start up in 2010

Borouge 2 project at Ruwais, Abu Dhabi, is about 80% complete, with commercial sales expected to start shipping by mid-2010. The polyolefins complex comprises a 1.5 mln tpa cracker, a 540,000 tpa polyyethylene unit and a 800,000,000 tpa polypropylene (PP) unit.

For more details on Borouge’s new polyolefins complex on track to start up in 2010 click here

As demand reduces due to global recession, output dips to 9 year lows at Total

Europe’s third-largest oil producer Total SA has reported a drop in its output to 9 year lows - 7.3% in Q2 to 2.18 mln bpd; despite gains from new projects in Nigeria and the Gulf of Mexico, as demandd dwindled due to the global recession.

For more details on As demand reduces due to global recession, output dips to 9 year lows at Total click here

Sinopec mulls 10 bln yuan investment in Lianyungang Port

China Petrochemical has inked an agreement to invest over 10 billion yuan to build a petrochemical base at Lianyungang Port, Jiangsu Province. As part of its first phase, the company will complete thee base comprising of 300,000 ton handling capacity for crude oil, an oil depot with a capacity of 4.

For more details on Sinopec mulls 10 bln yuan investment in Lianyungang Port click here

Naphtha at US$600/ton in Europe on refinery shutdowns

After a gap of almost ten months, naphtha prices in Europe have touched US$600/ton because of supply concerns caused by major refinery outages.

Europes’s second largest refinery of BP at Rotterdam had a sudden unavoidable shutdown because of a power outage.

For more details on Naphtha at US$600/ton in Europe on refinery shutdowns click here

Provisional anti-dumping duty on PP from Oman, Saudi Arabia, Singapore

Anti-dumping duty has been levied provisionally in India on polypropylene imports from Oman, Saudi Arabia and Singapore. India’s Finance Ministry has taken this action about 6 weeks after the Designatted Authority in the Commerce Ministry recommended this imposition.

For more details on Provisional anti-dumping duty on PP from Oman, Saudi Arabia, Singapore click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended July 27, 2009

CRUDE OIL
An improvement in company performances beyond market expectations has set a positive note in oil price trends. Crude oil prices rose on optimisttic outlook of the US economy due to better than expected performance results posted this quarter by several companies.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended July 27, 2009 click here