Hyundai awarded US$169 mln project to build XLPE unit by Borouge

Borouge has awarded a US$169 mln contract to Hyundai Engineering and Construction of South Korea to build a cross-linkable polyethylene (XLPE) unit at its petrochemical plant in Ruwais, Abu Dhabi. Witth an annual capacity of 80,000 tonnes, the unit is an added-value complement to the low density polyethylene (LDPE) unit, enabling the manufacture of innovative plastics solutions for low to high voltage energy cables.

For more details on Hyundai awarded US$169 mln project to build XLPE unit by Borouge click here

Formosa Petrochemical to reduce rates at 540,000 bpd refinery in March to 56%

Taiwan's Formosa Petrochemical Corp will slash runs at its 540,000 bpd refinery in March to about 56% of total capacity because of a planned maintenance, as per Reuters. Crude distillation unit (CDU) No.

For more details on Formosa Petrochemical to reduce rates at 540,000 bpd refinery in March to 56% click here

LDPE prices gaining larger premium over other polyethylenes in SE Asia

Import LDPE film prices continued to firm up in Southeast Asia this week even as HDPE and LLDPE film prices began to stabilize ahead of the upcoming holidays, as per Chemorbis. Overall import offer raanges for both HDPE film and LLDPE film softened slightly following initially higher offers for next month, as buyers became increasingly hesitant to make fresh purchases ahead of the impending Chinese New Year holidays and some import sellers therefore conceded to discounts in order to conclude deals this week.

For more details on LDPE prices gaining larger premium over other polyethylenes in SE Asia click here

Tianjin to be deveoped into world-class petrochemical industry base and national crude-oil reserve hub within 10 years

Tianjin has been selected for development into a world-class petrochemical industry base and national crude-oil reserve hub within 10 years, with an annual 40 mln ton refining capacity, 2.5 mln tons oof ethylene production, and a 30 mln cubic meter (cu m) crude oil reserve, as per Chinadaily.

For more details on Tianjin to be deveoped into world-class petrochemical industry base and national crude-oil reserve hub within 10 years click here

New line of thermoplastic polyurethane offers a broader temperature operating range

Huntsman has developed the first product in a new line of thermoplastic polyurethane (TPU) that offers a broader temperature operating range than standard grades and is a good all-round performer in iindustrial applications where compromise is not an option.

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Naphtha price in Asia extend losses, dip to near 7 week low

Asia's naphtha price extended losses and neared a 1-½ month low on Wednesday, while cracks
remained at their lowest in nearly two weeks as sentiment continued to be weighed down by weaker European deemand, as per Reuters.

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Japan's naphtha imports for petrochem rise in December 2010

Japan's naphtha imports for the petrochemical sector rose 2.3% in December 2010, compared to December 2009. Imports of naphtha for ethylene production totalled to 1,549,841 tons during December, accorrding to data from Japan's Ministry of Economy, Trade and Industry.

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IOC has outstanding tender to sell 30,000 tons for Feb. 20-22, 35,000 tons for Feb. 22-24 loading

IOC has an outstanding tender to sell 30,000 tons for Feb. 20-22 loading from Kandla, and 35,000 tons for Feb. 22-24 loading from Dahej, as per Reuters. A cargo for Feb. 8-10 loading from Kandla to Viitol at premiums of US$10.

For more details on IOC has outstanding tender to sell 30,000 tons for Feb. 20-22, 35,000 tons for Feb. 22-24 loading click here

IOCL’s petrochemical complex at Paradip to face delays on to financial constraints

Indian Oil Corporation Ltd (IOCL)’s proposed petrochemical complex at its 15 mln tpa refinery at Paradip is set to be delayed due to financial constraints. Work on the petrochemical complex is expecteed to begin two years after the commissioning of the refinery.

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Indian company to commence construction of 420,000 tpa PET plant in Egypt

India's Dhunseri Petrochem and Tea is to commence construction of its new 420,000 tpa polyethylene terephthalate (PET) bottle resin plant in Egypt as per ICIS. The total cost of the project, which is located at Port Said in Egypt, is estimated at US$170 mln (€124 mln).

For more details on Indian company to commence construction of 420,000 tpa PET plant in Egypt click here

Keyuan Petrochemicals gets approval for patent for its proprietary production process MEP

Keyuan Petrochemicals Inc. has received approval for a patent related to the company's proprietary production process, called multiple ethylene propylene (MEP), as per Datamonitor. MEP is an exclusivee technology used in Keyuan's existing production process.

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Myriant Technologies gets US$60 mln strategic equity investment from PTT Chemical Group

Biotech developer and manufacturer of renewable bio-based chemicals, Myriant Technologies Inc. has closed a US$60 mln strategic equity investment from PTT Chemical Group (PTT Chemical), Thailand's larrgest petrochemical producer.

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The first biodegradable* polyethylene foam

The world’s first biodegradable polyethylene foam is to be launched by Nomaco Engineered Foam Solutions. Unlike competing biodegradable products, NomaGreen foam is not starch-based or bio-based, and wwill meet all performance requirements for packaging foam without any worry of exposing it to moisture, heat, light or mechanical stress.

For more details on The first biodegradable* polyethylene foam click here

Naphtha prices in Asia at lowest levels in a month, cracks fall to near two-week lows

Naphtha prices in Asia were at their lowest levels in about a month and cracks fell to near two-week lows as strong demand was countered by weak sentiment due to forthcoming cracker maintenance, as peer Reuters.

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Lummus Technology awarded contract by Formosa for cumene and phenol plant to be built in Ningbo, China

Lummus Technology has been awarded a contract by Formosa Chemicals and Fibre Corp. (FCFC) for the license and engineering design of a grassroots cumene and phenol plant to be built in Ningbo, China. TThis is a fourth quarter 2010 award.

For more details on Lummus Technology awarded contract by Formosa for cumene and phenol plant to be built in Ningbo, China click here

Marginally higher offers in global PVC markets out of USA

According to players’ reports, global PVC markets, including China, Turkey, Egypt and Italy, have been seeing slightly firmer PVC offers out of the US recently, as per Chemorbis. The upward movement sseen in US import offers can be attributed to the slightly firming trend seen in other global markets for February, particularly after initial offers to China were announced higher for the month, along with higher ethylene costs in the US which are currently standing 1-1.

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Reliance Industries sells 110,000 tons of naphtha to Royal Dutch Shell and Itochu

Reliance Industries Ltd. has sold 110,000 metric tons of naphtha for February loading from Sikka, Gujarat, at a premium, as per ICIS. The buyers were Royal Dutch Shell Plc and Itochu Corp. Prices was pegged US$21-$22/ton above Middle East naphtha prices.

For more details on Reliance Industries sells 110,000 tons of naphtha to Royal Dutch Shell and Itochu click here

Iran halts production of gasoline at petrochem plants on reduction of fuel subsidies

Iran has halted production of gasoline at petrochemical plants after a reduction by the Government in fuel subsidies that led prices to quadruple and consumption to fall, as per Bloomberg. Iranians noow pay 4,000 rials (40 cents) a liter of gasoline for up to 50 liters a month, and 7,000 rials a liter for larger quantities.

For more details on Iran halts production of gasoline at petrochem plants on reduction of fuel subsidies click here

China levies anti dumping tariffs on caprolactam from EU and USA

A preliminary ruling by China’s Ministry of Commerce says that caprolactam from the European Union and USA had been dumped in China, causing substantial damage to country’s domestic industry, as per XXinhua.

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Formosa Petrochemical, LG Chem buy 200,000 tons naphtha for H1-March

Taiwan's Formosa Petrochemical Corp and South Korea's LG Chem have in total bought at least 200,000 tons of naphtha for H1-March delivery, in a market marked by steady demand and tight supplies, as peer Reuters.

For more details on Formosa Petrochemical, LG Chem buy 200,000 tons naphtha for H1-March click here

Trial runs begin at Saudi Kayan’s 400,000 tpa HDPE plant

Saudi Kayan Petrochemical Company has begun trial runs at its 400,000 tpa high density polyethylene (HDPE) plant in Jubail Industrial City, as per Platts. It is not clear when commercial production wiill begin at the plant.

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Global ethylene demand not to reach 2008 peak levels for the next 6-7 years

In 2008, the sales volume of ethylene reached its peak of over US$160 bln. Though sales volume decreased in 2009, it is expected to reach record levels peaked in 2008 during 2017, as per a report by CCeresana Research.

For more details on Global ethylene demand not to reach 2008 peak levels for the next 6-7 years click here

NYMEX crude slips on Saudi comments, players divided on outlook

Crude oil futures on the Nymex slipped under US$90/barrel early in the week based on rising stock levels at the Nymex delivery point in Cushing, Oklahoma as well as comments from Saudi Arabian Oil Minnister Ali Naimi that Saudi Arabia might increase its production levels to meet the increase in crude oil demand they expect to see in 2011, as per Chemorbis.

For more details on NYMEX crude slips on Saudi comments, players divided on outlook click here

Gita Holdings buys Vinyls Italia, to start chlorine, PVC capacity at two sites

Gita Holdings, the Swiss-based fund that has agreed to buy polyvinyl chloride producer Vinyls Italia, plans to increase production capacities and modernize facilities at two of the Italian company's ssites, as per Platts.

For more details on Gita Holdings buys Vinyls Italia, to start chlorine, PVC capacity at two sites click here

Robust growth in refining, petrochem helps Reliance disregard weakness in oil and gas segment

Reliance Industries Ltd has posted a robust 28% year-on-year growth in net profits in the recent quarter to Rs 5,136 crore, despite a modest 6% growth in turnover. A strong showing in the refining andd petrochemicals businesses has helped RIL shrug off weakness in its oil and gas segment.

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Global demand for PET to grow at 4.9% up to 2020

The global demand for PET was growing rapidly around the final decade. The effect of the economic slowdown has adversely impacted the consumption of numerous commodities in a lot of nations globally..

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The electronics industry to consume US$1.3 bln in conductive polymers by 2016

Often branded as a class of ‘miracle’ advanced materials that will transform electronics and photovoltaics, conductive polymers have a decidedly mixed reception. The early expectations for the role off polymer-based PV, or conductive polymers as a transparent conductive coating, have never been met.

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A polymer that can repeatedly heal itself when exposed to ultraviolet light

A polymer that can heal itself over and over again when exposed to ultraviolet light has been developed by materials researchers at Carnegie Mellon University and Kyushu University. The substance coulld potentially be used to create products that repair themselves when damaged, including self-healing medical implants or parts for vehicles such as aircraft.

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Oil prices end the previous week below US$90

Oil futures have dipped below the 90 dollar mark on concerns of elevated supplies, capping a week of declining crude prices. Light, sweet crude for March delivery slid to US$89.1 on te Nymex, while Brrent crude on the ICE futures exchange, rose 92 cents to US$97.

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Propylene costs surge in Asia and Europe, pulling PP markets up

Propylene costs demonstrate a firm trend in Asia and Europe as offer levels indicate significant increases when compared to the end of 2010, as per Chemorbis. Some shutdowns in both regions continue tto give support to this rising trend.

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SK Innovation’s Q4 profit misses estimates on output cut after maintenance shutdown at petrochemicals plant

SK Innovation Co., South Korea’s biggest oil refiner, posted Q4 profit that missed analyst estimates after maintenance shutdown at a petrochemicals plant cut output, as per Bloomberg. Net income was 211.

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Global polymeric foams to reach 18 mln tons by 2015

Global polymeric foams is forecast to reach 18 mln tons by 2015, as per a report by Global Industry Analysts, Inc. Growth in the market is led by the unique benefits offered by cellular materials comppared to conventional materials, introduction of new application markets, and growing interest in green building technologies.

For more details on Global polymeric foams to reach 18 mln tons by 2015 click here

Lummus Technology awarded EPC contract for Russian ethylene plant

Lummus Technology has been awarded a contract by OAO Salavatnefteorgsyntez (SNOS) for the engineering, procurement, and supply of materials for a third SRT VI cracking heater at its ethylene plant in Salavat, Russian Federation.

For more details on Lummus Technology awarded EPC contract for Russian ethylene plant click here

Japan's naphtha imports for the petrochemical sector rose 2.3%

Japan's naphtha imports for the petrochemical sector rose 2.3% in December 2010 vs December 2009, as per government figures. This marks the third consecutive gain. Imports of naphtha for ethylene prodduction amounted to 1,549,841 tons in this period, as per the Ministry of Economy, Trade and Industry, vs 1,515,401 tons in December 2010, and 1,654,586 tons in November 2010.

For more details on Japan's naphtha imports for the petrochemical sector rose 2.3% click here

Blast rocks No 2 Petroleum Plant of Fushun Petrochemical Co: leads to injury and death

A blast occurred at the No 2 Petroleum Plant of Fushun Petrochemical Co, a subsidiary of the State-owned PetroChina Co Ltd., when over 20 workers were on duty, as per ChinaDaily. As of 4 pm on Wednesdday, one worker was killed in the blast, two workers remained unaccounted for and four others suffered light injuries.

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Approval on the cards for India’s fifth PCPIR in Cuddalore, Tamil Nadu

India’s Union government is expected to give approval to the fifth Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) in Cuddalore in Tamil Nadu in the next 2-3 months. “Things are almosst finalised and we are very close to notify Tamil Nadu for its first and the country’s fifth PCPIR within 2-3 months,” said M Raman, secretary, department of chemicals and petrochemicals, ministry of chemicals and fertilisers.

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Benzene-naphtha spread in Asia peaks to 9 month highs

Benzene-naphtha spread in Asia has peaked to a nine-month high on Thursday to US$265.75/mt, as prices for the aromatic surged to a 28 month high on Wednesday, Platts data showed. The spread is the wiidest since levels seen on April 7 at US$267.

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Demand speculated to recover, counters concerns over rising stockpiles in USA

Crude for March delivery inched up to US$89.8 on the Nymex after dipping by 2.4% on the previous day, on news of rise in US stockpiles. Crude inventories in USA increased 2.62 mln barrels to 335.7 mlnn barrels in the week ended Jan.

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US propane, propylene inventories fall by 5.4 million barrels

Total US propane and propylene inventories fell 5.4 million barrels during the reporting week ended January 14, according to data released Wednesday by the US Energy Information Administration, as perr Platts.

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Firm outlook in South East Asia’s PVC market for February

PVC prices in Southeast Asia are expected to move higher in February, with initial offers for both local and regional business having already been announced with increases when compared with sellers’ most recent January sale prices, as per Chemorbis.

For more details on Firm outlook in South East Asia’s PVC market for February click here

Sales of conductive polymers to the electronics industry to reach US$1.3 bln by 2016

Sales of conductive polymers to the electronics industry will reach US$1.3 bln by 2016 as polymer firms diversify away from low-performance materials and look for higher-margin opportunities, accordinng to a new report from industry analyst firm NanoMarkets.

For more details on Sales of conductive polymers to the electronics industry to reach US$1.3 bln by 2016 click here

Profits from making gasoline from naphtha rising at the fastest pace in a year in Asia

Profits from making gasoline out of naphtha in Asia are rising at the fastest pace in a year as global supplies of naphtha as feedstock for plastics increase, as per Bloomberg. Gasoline’s premium to nnaphtha jumped as high as US$11.

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Large hikes in European Polystyrene attract imports to Italy

In recent weeks, Polystyrene players in Italy have been reporting various import GPPS and HIPS offers from non-European supply sources, with import GPPS offers emerging €40-70/ton below the lowest loccal price, as per Chemorbis.

For more details on Large hikes in European Polystyrene attract imports to Italy click here

Fewer shutdowns by Japanese petrochem makers

For more details on Fewer shutdowns by Japanese petrochem makers click here

Hyperion to supply Operator Training Simulator for India’s largest Ethylene plant at Dahej

Hyperion Systems Engineering (Hyperion), the leading independent simulation solutions provider, will supply the Operator Training Simulator for an ethylene cracker and associated units, which form paart of ONGC Petro-additions Ltd.

For more details on Hyperion to supply Operator Training Simulator for India’s largest Ethylene plant at Dahej click here

Hanbang achieves on-spec output at new PTA plant running at 90%

China's Hanbang Petrochemical Company has achieved on-spec output at its new 600,000 tpa purified terephthalic acid plant that it is currently operating at 90% of capacity, as per Platts. The plant, cconstruction for which started in December 2007, was scheduled to start up in the Q4-2010 but was delayed due to technical glitches.

For more details on Hanbang achieves on-spec output at new PTA plant running at 90% click here

Crude oil fleets around US$92 mark

Light, sweet crude futures for delivery in February rose to US$91.91 on the Nymex. Amid higher regional equities and a weaker US dollar vs the euro, crude-oil futures were up as price volatility was llimited as the market awaits the US weekly oil inventory report.

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Unprecedented 20 minute blackout at Yeosu may cost billions

The petrochemical industrial complex in Yeosu, South Korea has suffered a power outage this week. 20 of Yeosu Industrial Complex’s 268 companies were left without power for 20 minutes after a power geenerator operated by Korea Power Electricity Corp.

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China emerges as leader in global PVC production

Global installed PVC capacity is currently 47.5 mln tpa, and is expected to grow to 59.1 mln tpa in 2020. Global PVC production has grown from 24.7 mln tons in 2000 to 32.3 mln tons in 2009, and is exxpected to reach around 55.

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Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended January 17, 2011

CRUDE OIL
In the week of January 17, 2011, benchmark oil for February delivery settled at US$91.5 on the Nymex, rising after government reports suggested that the US economy is gaining strength.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended January 17, 2011 click here

70% of Octal’s sales from PET plant will be to USA, Europe in 2012

Oman's Octal Petrochemicals sees 70% of the products from its 927,000 tpa capacity polyethylene terephthalate (PET) plant in Salalah heading to the US and Europe in 2012. The rest of the production wiill head to Asia and meet domestic requirements in Oman, as per Platts.

For more details on 70% of Octal’s sales from PET plant will be to USA, Europe in 2012 click here

GAIL’s Q3 OPM dip on sharp fall in EBIT margins for petrochem, natural gas transmission

During Q3 FY11, GAIL reported an operating profit of Rs 13.3 bln up 3.5% yoy, while OPM fell by 485 bps yoy to 15.9%. Lower profitability was on account of slump in EBIT margins for petrochemical and natural gas transmission segments.

For more details on GAIL’s Q3 OPM dip on sharp fall in EBIT margins for petrochem, natural gas transmission click here

Ineos Nova loses production at French, Dutch polystyrene plants on high water levels

Ineos Nova has lost 500-1,000 tons of polystyrene production at its 190,000 tpa plant at Wingles, northern France, due to high water levels seen last week, as per Platts.
The company has to slow prooduction due to inability to load as much styrene into the plant due to a combination of heavy rain and warmer temperatures which have melted heavy snow from the Arctic.

For more details on Ineos Nova loses production at French, Dutch polystyrene plants on high water levels click here

Feb expectations encouraging PVC buy interest in Italy

After tracking a mainly stable trend over the last three months of 2010, Italy’s PVC market turned upwards in January, as per Chemorbis. Having met with noticeable hike requests of upto €50/ton followwing the Christmas holidays, Italian PVC buyers are now conceding to pay €20-50/ton increases depending on the grade.

For more details on Feb expectations encouraging PVC buy interest in Italy click here

Hindustan Petroleum Corp. sells naphtha to Total SA and Vitol Group

Total SA and Vitol Group have purchased naphtha from India’s Hindustan Petroleum Corp., as per ICIS. Total purchased 30,000 tons at a premium of US$5 to Middle East prices for loading from Vizag from Jan.

For more details on Hindustan Petroleum Corp. sells naphtha to Total SA and Vitol Group click here

Hindustan Petroleum Corp. sells naphtha to Total SA and Vitol Group

Total SA and Vitol Group have purchased naphtha from India’s Hindustan Petroleum Corp., as per ICIS. Total purchased 30,000 tons at a premium of US$5 to Middle East prices for loading from Vizag from Jan.

For more details on Hindustan Petroleum Corp. sells naphtha to Total SA and Vitol Group click here

Teknor Apex to commence production on new twin-screw compounding line by end of Q1

Teknor Apex Co. will begin production on a new twin-screw compounding line at its plant in Jacksonville, Texas, by the end of Q1, as per Plastics news. About 5 mln lbs of annual compounding capacity tto make highly filled compounds, specialty alloys and similar materials will be added in Jacksonville.

For more details on Teknor Apex to commence production on new twin-screw compounding line by end of Q1 click here

A disagreement over EPA’s takeover of regulating greenhouse gases in Texas continues

A disagreement over the Environmental Protection Agency's takeover of regulating greenhouse gases in Texas continued even as state officials boycotted a hearing seeking public comment on the new ruless for the state's biggest polluters, as per star telegram.

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Pipeline in Alaska restarts: Oil dips

New York's main contract, light sweet crude for February delivery fell to US$91, while Brent North Sea crude for delivery in March dipped to $97.6. Crude oil futures fell on news of restart of a majorr pipeline in Alaska that helped restore crude-oil supplies to USA.

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Saudi Kayan ships first export production of Acetone

SABIC affiliate- Saudi Kayan Petrochemical Company (Saudi Kayan) has shipped its first export production of Acetone- 1,600 metric ton shipment from the Port of Jubail. Acetone is part of the phenolic chain used to make Methyl Methacrylate (MMA), Polycarbonate (PC), solvents, adhesives and paints.

For more details on Saudi Kayan ships first export production of Acetone click here

High costs, limited availability keep PP prices firm in SEA

PP prices in Southeast Asia have firmed up over the past week, with most players attributing this rise to strong upstream costs as well as limited availability, as per Chemorbis. Demand has picked upp fairly as compared with the past month, although buyers remain hesitant to purchase in large quantities as demand outlook post-Chinese New Year holidays remains dim.

For more details on High costs, limited availability keep PP prices firm in SEA click here

Evonik, GACL to cooperate in project to produce propylene oxide using HPPO process in India

Evonik Industries and the Indian chemical company Gujarat Alkalies and Chemicals Limited (GACL) are driving forward plans for a new multi-million project. At its heart is the construction of a new hyddrogen peroxide production plant by Evonik and a propylene oxide facility by GACL.

For more details on Evonik, GACL to cooperate in project to produce propylene oxide using HPPO process in India click here

Fire contained at LyondellBasell’s La Porte, Texas, plant contained

A fires at LyondellBasell Industries’ La Porte, Texas, plant at a non-operating part of the facility and has been contained by staff, as per Bloomberg. The fire occurred in a part of the chemical compplex that is being demolished, and is unrelated to an earlier flaring incident that was reported on the community hotline.

For more details on Fire contained at LyondellBasell’s La Porte, Texas, plant contained click here

Octal on course to complete second phase expansion after a new round of funding

Global PET packaging leader Octal is on course to complete the second phase of its operational expansion in 2011 after securing a new round of funding from six Middle Eastern banks. Phase two is plannned to be commissioned from June 2012, and is expected to add 527,000 tpa of production, making Octal the world's largest producer of PET on one site and the largest PET manufacturer in the world.

For more details on Octal on course to complete second phase expansion after a new round of funding click here

Naphtha prices start the week in Asia at a two-week high

Naphtha prices in Asia peaked to a two week high on the first day of the week, and cracks increased to a week's high, on healthy fundamentals, as per Reuters. Naphtha cracks surged nearly US$15.55 to US$154.

For more details on Naphtha prices start the week in Asia at a two-week high click here

Oil prices linger above US$91

Light sweet crude for February delivery eased to US$91.5 on the Nymex while Brent North Sea crude for March rose to US$98.43. Expectations abound that oil could touch the 100 dollar mark as an uptrendd continues in prices on optimism over the global economic recovery and interest from bullish investors, amid a harsh winter in North America and Europe.

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Kemrock Industries inks agreement with Gujarat government to invest in specialty polymers plant

India’s leading manufacturer of reinforced polymer - Kemrock Industries and Exports has signed an agreement with the Gujarat government to invest US$2 bln (Rs 9,700 crore) in greenfield projects in thhe state.

For more details on Kemrock Industries inks agreement with Gujarat government to invest in specialty polymers plant click here

PET prices continue to escalate in Asia

PET prices continue with their relentless increases in Asia as upstream costs continue to push prices higher, as per Chemorbis. Despite complaints from buyers regarding higher offer levels, overall trrading activity picked up to some degree in the region due to the higher costs.

For more details on PET prices continue to escalate in Asia click here

Evonik agrees on purchase of Boehringer Ingelheim's polymer portfolio

In a move that will strengthen its position as a formulation solution provider to the industry, Evonik is in the process of a new acquisition. Evonik Industries AG, the German chemicals to real-estatee company has agreed on the purchase of Resomer - pharmaceutical company Boehringer Ingelheim 's polymer portfolio, as per Dow Jones.

For more details on Evonik agrees on purchase of Boehringer Ingelheim's polymer portfolio click here

Fire under control at Equate Petrochemicals’ aromatics complex, production not impacted

Kuwait's Equate Petrochemical Co has controlled a fire at its aromatics complex, with no impact on production, as per Reuters. Production capacity includes 829,000 tons of paraxylene and 393,000 tons of benzene.

For more details on Fire under control at Equate Petrochemicals’ aromatics complex, production not impacted click here

Oil prices rise on reports suggesting that the US economy is gaining strength

Benchmark oil for February delivery settled at US$91.54 on the Nymex, rising after government reports suggested that the US economy is gaining strength. It is reported that in USA, retail sales and inndustrial production both rose last month.

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PVC production likely to restart in Italy from March

Polyvinyl chloride (PVC) production is likely to restart in Italy in March after a nearly two-year break as a Russian-Swiss fund presents a final offer for Italian producer Vinyls Italia, as per Plattts.

For more details on PVC production likely to restart in Italy from March click here

Essar Oil sells naphtha to Royal Dutch Shell Plc at a premium of US$20/ton

Essar Oil Ltd. has sold 35,000 tons of naphtha to Royal Dutch Shell Plc at a premium of US$20/ton to Middle East prices, ICIS reported, citing traders. The shipment is for loading Feb. 4 to Feb. 8 froom Vadinar port.

For more details on Essar Oil sells naphtha to Royal Dutch Shell Plc at a premium of US$20/ton click here

Asia naphtha at a two-session low halfway through last week

Naphtha prices in Asia were at a two-session low on last Thursday, while cracks were at their lowest level in three months despite healthy demand from North Asia, as per Reuters.South Korea's LG Chem bought 125,000 tons of open-spec grade for H2-February arrival at Yosu and Daesan at premiums of US$4.

For more details on Asia naphtha at a two-session low halfway through last week click here

Players divided over February PE outlook in SE Asia

Players in Southeast Asia are divided as to the likely direction of the market for February, with some buyers moving to top up their stocks in anticipation of further price increases in the weeks aheaad while others are electing to remain on the sidelines in anticipation that demand will eventually prove to be insufficiently strong to support the recent increases announced by sellers, as per Chemorbis.

For more details on Players divided over February PE outlook in SE Asia click here

Growing demand for polyolefins in South America makes traders out of consultants

Consultants who earlier assisted petrochemical companies with their market strategies in South America are now attempting to cash in on growing demand for polyolefins in the continent by becoming tradders, as per Platts.

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Brent crude rises, crude falls on the Nymex as US unemployment benefit claims rise to six month highs

Bent crude has steadied above US$98 even as US benchmark prices settled at US$92 on news of an increase in the country's jobless claims. Alaska's main oil pipeline will shut from Friday evening to insstall a bypass aimed at restoring oil shipments to full volumes.

For more details on Brent crude rises, crude falls on the Nymex as US unemployment benefit claims rise to six month highs click here

Blast at petrochemical plant of Compagnie Petrochimique de Berre, a unit of LyondellBasell

A blast has been reported at a petrochemical site in Fos-Lavera of Compagnie Petrochimique de Berre, a unit of U.S. group LyondellBasel. The aftermath of the explosion and an ensuing spill of oil prodducts have now been brought under control, as per Reuters However, traffic at the nearby oil terminal has not been affected.

For more details on Blast at petrochemical plant of Compagnie Petrochimique de Berre, a unit of LyondellBasell click here

KBR and SK Innovation announce startup of Advanced Catalytic Olefins demo plant in Ulsan

KBR and SK Innovation have announced the startup of their Advanced Catalytic Olefins (ACO) demo plant in Ulsan, South Korea. Operations to date have met the companies' expectations for high olefins prroduction, particularly propylene, with improved economics relative to steam cracking due to the technology's higher total olefins yields and increased propylene/ethylene ratios approaching 1.

For more details on KBR and SK Innovation announce startup of Advanced Catalytic Olefins demo plant in Ulsan click here

RIL signs 70,150 crore investment intent for Gujarat: 40000 crore in Jamnagar, 15000 crore in Dahej and Hazira

A Rs 70,150 crore investment intent has been announced by Reliance Industries for the state of Gujarat- 40,000 crores in Jamnagar refinery project and 15,000 crores at petrochem complexes at Dahej andd Hazira.

For more details on RIL signs 70,150 crore investment intent for Gujarat: 40000 crore in Jamnagar, 15000 crore in Dahej and Hazira click here

Ethylene production in Japan has fallen by 2.7% in December 2010 vs December 2009

Japanese ethylene production has fallen from 663,300 tons in December 2009 to 645,700 tons in December 2010 as per government data. This by 2.7% decline marks the second consecutive month of year-on-yyear decline amid weak demand, as per Reuters.

For more details on Ethylene production in Japan has fallen by 2.7% in December 2010 vs December 2009 click here

Yeochun NCC Co shuts naphtha cracker on technical glitch

South Korea’s number 1 ethylene maker-Yeochun NCC Co. (YNCC) has had an unplanned shutdown at its naphtha cracker due to a technical glitch. The No. 2 naphtha cracker with capacity to produce 580,000 tpa of ethylene was reported to be halted because of “trouble” in the facility’s control system.

For more details on Yeochun NCC Co shuts naphtha cracker on technical glitch click here

Main global PP suppliers out of the market

In PP markets in Turkey, Italy, China and Southeast Asia, players have been reporting a limited number of supply sources from overseas countries in the second week of the month, as per Chemorbis.
Inn Turkey, where Middle Eastern origins are considered to be the main supply sources, buyers and distributors await new offers from major Middle Eastern suppliers.

For more details on Main global PP suppliers out of the market click here

Samsung Engg inks contract for US$411 mln chlor-alkali plant with Dow-Mitsui Chlor-Alkali

Samsung Engineering has officially signed a contract for a US$411 mln chlor-alkali plant with Dow-Mitsui Chlor-Alkali LLC, a joint-venture comprised of Dow Chemical (USA) and Mitsui (Japan). The chlorr-alkali plant, to be located in Freeport, Texas, will produce 816,000 tpa of chlorine – becoming the world's largest chlorine production facility.

For more details on Samsung Engg inks contract for US$411 mln chlor-alkali plant with Dow-Mitsui Chlor-Alkali click here

Gulf Association mulls legal action on failure of diplomatic efforts to remove dumping duties on PP

The Gulf Petrochemicals and Chemicals Association will take legal action if diplomatic efforts to remove what they say are India’s unlawful dumping duties on imports of polypropylene from Saudi Arabiaa and Oman are not lifted, as per Arabianbusiness.

For more details on Gulf Association mulls legal action on failure of diplomatic efforts to remove dumping duties on PP click here

US PE exports unaffected by the shutdown of Dow’s St Charles, Louisiana polyethylene plants

Even as the market awaits date from Dow for restart of its St Charles, Louisiana, polyethylene plants, US PE export market has remains unaffected by the shutdown, as per Platts. Production capacity att St Charles comprises 830,000 tpa LLDPE and 295,000 tpa HDPE.

For more details on US PE exports unaffected by the shutdown of Dow’s St Charles, Louisiana polyethylene plants click here

DAK Americas on verge of concluding acquisition of Eastman Chemical PET business for US$600 mln

DAK Americas LLC is inching nearer to deal conclusion of acquisition of Eastman Chemical Company’s PET operations. DAK has announced that the waiting period required under federal antitrust law has exxpired without a request for additional information from the U.

For more details on DAK Americas on verge of concluding acquisition of Eastman Chemical PET business for US$600 mln click here

Oil prices rise on larger-than-expected drop in crude oil supplies and rising stock markets

Benchmark oil for February delivery climbed to US$91.8 on the Nymex, rising on reports of a larger-than-expected drop in crude oil supplies and rising stock markets. Stock markets have started moving up on an improvement in Europe's financial condition.

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Global demand for bioplastic packaging forecast to reach 884,000 tons by 2020

Global demand for bioplastic packaging is forecast to reach 884,000 tons by 2020, as per a report by Pira International. This translates to a compound annual growth rate of 24.9% from 2010-15 slowing to a CAGR of 18.

For more details on Global demand for bioplastic packaging forecast to reach 884,000 tons by 2020 click here

Chevron Phillips plans to flare gases from Port Arthur ethylene unit

Chevron Phillips Chemical Co. plans to flare gases from an ethylene unit at its Port Arthur facility in Texas, according to a filing with state regulators. The flaring will continue until Feb. 1, and is related to “planned maintenance activity” on an acetylene converter.

For more details on Chevron Phillips plans to flare gases from Port Arthur ethylene unit click here

Japan's Mitsubishi Chemical Corp reveals dates for planned maintenance in 2011

Japan's Mitsubishi Chemical Corp has set the dates for planned maintenance at its three naphtha crackers in 2011, as per Reuters.
Company/Location Capacity Maintenance

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Global biodegradable polymers market to reach 1845 mln lbs by 2015

Global biodegradable polymers market is expected to reach 1845 mln lbs by 2015, as per Global Industry Analysts Inc. Massive volumes of plastic products are disposed worldwide every year, exerting enoormous pressure on the ecological balance.

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January PP and PE hikes seeing acceptance in Italy

In Italy, a round of increases passed on December done deals for PP and PE is followed by three digit increases in January spot prices due to higher propylene and ethylene contracts. As per Chemorbis,, contracts were settled higher this month with large increases of €110/ton for propylene and €105/ton for ethylene.

For more details on January PP and PE hikes seeing acceptance in Italy click here

Freezing weather in China’s southern provinces restricts coal transportation

China Datang Corp. shut some power- generation units after sleet and freezing weather in the country’s southern part disrupted fuel deliveries, as reported by Bloomberg. Units in Hunan’s Leiyang plantt halted operations due to a coal shortage.

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Saudi Arabia’s November petrochemical exports at 8 month high on strong demand from Asia

Saudi Arabia’s petrochemical exports have peaked to an eight-month high in November, mainly due to strong demand from China, India and other Asian countries, as per Bloomberg. The kingdom’s exports off 3.

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Oil prices continue to rise on leakage in Trans Alaskan pipeline

Oil prices have risen on news that a main Alaskan pipeline continues to be almost closed since Saturday for a fourth day, and Norway's Statoil was forced to shut two fields in the North Sea at Snorre and Vigdis after a gas leak.

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Month long maintenance shutdown planned at Royal Dutch Shell’s 800,000 tpa ethylene cracker in Bukom Island

Royal Dutch Shell has planned a maintenance shutdown at its 800,000 tpa ethylene cracker in Bukom Island, Singapore. The month-long planned maintenance will start around mid February as per Reuters. TThe cracker was commissioned in March 2010, but it has been hit by occasional operating problems, which traders say is typical of any new units.

For more details on Month long maintenance shutdown planned at Royal Dutch Shell’s 800,000 tpa ethylene cracker in Bukom Island click here

Propylene prices moving higher around the world

Propylene prices moved higher over the past week in Asia, Europe and USA, as per Chemorbis. Prices were buoyed by tight supplies in Europe and the US, while Asian prices moved higher as Asian sellers began to look into the possibility of concluding export deals with buyers in America and Europe.

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Mexican PVC producer Mexichem concludes acquisition of compounding business

Mexichem SAB, Mexicos’ PVC maker and the largest maker of plastic pipes in Latin America, has acquired Rockwood Holdings Inc.'s AlphaGary thermoplastic compounds business for US$300 mln in cash, as peer Bloomberg.

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PTT plans consolidation of three companies

Thailand’s state-controlled company PTT plans to consolidate its petrochemical and refinery businesses, as per Reuters. The company seriously studying the merger plan, which should be finished in Q1-22011.

For more details on PTT plans consolidation of three companies click here

Demand for LR1 clean tankers rises in NW Europe and Mediterranean, European freights rise

Demand for LR1 clean tankers in Northwest Europe and the Mediterranean has risen this week as naphtha traders attempt to move surplus volumes to the east as per Platts. As a result, several market plaayers indicated that shipping rate for taking naphtha to the east could firm.

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Turbulent Q1-11 for Asia’s polyolefin markets on fluctuating feedstock costs, uncertain demand

Asia’s polyolefin markets are likely to remain turbulent in Q1-2011 despite recent price hikes, as feedstock costs are fluctuating and future demand remains uncertain, as per ICIS. Producers are also concerned about the rapid rise in crude oil and naphtha prices, which have put margins under pressure.

For more details on Turbulent Q1-11 for Asia’s polyolefin markets on fluctuating feedstock costs, uncertain demand click here

Borouge to lure high-tech plastics manufacturing companies to Abu Dhabi

In a move that will help absorb increased production from its’ US$10 bln planned expansion, Borouge, hopes to lure high-tech plastics manufacturing companies to Abu Dhabi. This venture of the Abu Dhabbi Government also aims to add new distribution centres near India's manufacturing hubs, said Hussain Lootah, Borouge's senior vice president for the Middle East.

For more details on Borouge to lure high-tech plastics manufacturing companies to Abu Dhabi click here

Iran targets new markets in Africa, Latin America and China

Iran is seeking to increase petrochemical product exports by targeting new markets in Africa, Latin America and China. Iran exported 10.320 mln tons of petrochemical products ( including polyethylene,, methanol, benzene, ammonia, ethane, sulphur, PVC and propylene) worth over US$6.

For more details on Iran targets new markets in Africa, Latin America and China click here

Sipchem awards EPC contract for Ethyl Acetate plant to Korean company

Saudi International Petrochemical Company (Sipchem) has awarded the Engineering, design and construction contract for its Ethyl Acetate Plant to eTEC Engineering & Construction Company, Korea. The plaant will have capacity to produce 100,000 tons of Ethyl Acetate (EA) and Butyl Acetate (BA) at its complex in Jubail Industrial City.

For more details on Sipchem awards EPC contract for Ethyl Acetate plant to Korean company click here

PTT Plc to spend US$800 mln in propylene capacity expansion

In a bid to meet growing demand in the region, IRPC - the polymer business arm of PTT Plc, is to invest US$800 mln to expand propylene capacity by 260,000 tons to 710,000 tpa. The expansion is a part of a five-year business plan with an investment outlay of US$2 bln to develop high-grade plastics, which offer high better margins.

For more details on PTT Plc to spend US$800 mln in propylene capacity expansion click here

Braskem raises January HDPE and LLDPE offers to Europe

Braskem has increased offers for high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) offers to Europe for January, as per Platts.
Offers for LLDPE are between €1250-1300/MT up from December offers of €1120-1180/MT FD NWE.

For more details on Braskem raises January HDPE and LLDPE offers to Europe click here

Minor maintenance at Japan's Mitsui Chemicals Chiba naphtha cracker

Japan's Mitsui Chemicals plans to shut its 553,000 tpa naphtha cracker at its Chiba plant, for eight days from Sunday for minor cleaning maintenance, as per Reuters. The cracker is due to be restartedd on Jan.

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South Korean petrochemical makers to invest US$5.2 bln on upgrade and expansion

South Korea's petrochemical producers plan an investment of US$5.2 bln on the upgrade and expansion of their plants. This is expected to result in record exports of US$39.9 bln in 2011.
The industryy's capital expenditure in 2011 was 5.

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Relentless increases on Asian styrene put pressure on global PS markets

Asian styrene prices continued their upward trend after the new year as they gained US$45/ton when compared to the last working day of 2010, as per Chemorbis, styrene prices remain firm despite the teen dollar drop on Friday in line with oil prices that dropped below the US$90/bbl threshold on 6 January.

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Stamicarbon's acquisition of Noy Engineering expands its polymer portfolio

With effect from January 1, 2011, Stamicarbon, the licensing and IP Center of Maire Tecnimont S.p.A., has acquired the Italian engineering company Noy Engineering from Tecnimont. With this acquisitionn the extensive licensing, innovation and customer service experience of Stamicarbon is combined with the polyester and polymerization technologies of Noy Engineering.

For more details on Stamicarbon's acquisition of Noy Engineering expands its polymer portfolio click here

Arkema to speed up development, increase production by 50% of Kynar PVDF fluorinated plant in China

Arkema announced the construction of a Kynar PVDF fluorinated polymer production plant on its Changshu site in China scheduled to come on stream in March 2011. Arkema has now decided to speed up the ddevelopment of this plant, and announced a 50% production increase effective mid-2012, in a bid to meet the fast-growing demand for PVDF resins in emerging technologies, in particular applications in new energies and water filtration.

For more details on Arkema to speed up development, increase production by 50% of Kynar PVDF fluorinated plant in China click here

World's first commercial polyester material to offer pH control

The world's first commercial polyester material to offer pH control is to be launched by Teijin Fibers Limited. The company has developed a new polyester fabric that remains gentle to human skin by sttably maintaining its mildly acidic pH level, similar to healthy skin.

For more details on World's first commercial polyester material to offer pH control click here

Bio-based polymers that heal cracks being developed

Research is being carried out for the development of biorenewable polymers capable of healing themselves as they degrade and crack is being conducted by Kessler, an Iowa State University associate proofessor of materials science and engineering and an associate of the U.

For more details on Bio-based polymers that heal cracks being developed click here

Construction at Brahmaputra Cracker and Polymer project comes to a halt

Work on Brahmaputra Cracker and Polymer gas cracker project came to a standstill after an indefinite ceasework by workers engaged under various construction companies at the project site at Lepetkata..

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Cepsa acquires halted Spanish PET facility from La Seda for US$42 mln

Spanish oil refiner Compania Espanola de Petroleos (Cepsa) has concluded acquisition of a halted polyethylene terephthalate (PET) unit at San Roque, Spain, from La Seda de Barcelona, as per Platts. Thhe purchase will be the first PET-making facility that Cepsa will own, and will help it extend its presence in the petrochemical value chain Cepsa's petrochemical subsidiary Cepsa Quimica paid Euro 32 million (US$42 mln) for Artenius San Roque, which operates the 175,000 tpa PET facility near Cadiz, southern Spain.

For more details on Cepsa acquires halted Spanish PET facility from La Seda for US$42 mln click here

Honam Petrochemical pays high premium for 50,000 tons naphtha for H2 February arrival

South Korea's Honam Petrochemical has bought at least 50,000 tons of naphtha for H2-February arrival at high premiums due to tight supplies, as per Reuters. Premiums of around US$12-14/ton were paid to Japan spot quotes on a cost-and-freight basis.

For more details on Honam Petrochemical pays high premium for 50,000 tons naphtha for H2 February arrival click here

Oil may fall for third consecutive week

Oil may fall for a third consecutive week on speculation buying by hedge funds will decline after bullish bets on crude oil rose to the highest level in more than four years in December, as per Bloombberg.

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New blends of TPS and PP enable processors incorporate high levels of bio-based and recycled content

New blends of thermoplastic starch (TPS) and polypropylene (PP) developed by Teknor Apex Company enable processors to incorporate high levels of both bio-based and recycled content into their productss while obtaining physical properties comparable to those of virgin PP.

For more details on New blends of TPS and PP enable processors incorporate high levels of bio-based and recycled content click here

Kuokuang Petrochemical Park investment project to be scaled down

The Kuokuang Petrochemical Park investment project will be scaled down to increase the chances of it passing an environmental impact assessment according to state-owned oil refiner CPC Corp, Taiwan. KKuokuang Petrochemical Technology Co is a joint venture between CPC and several private companies, in which CPC will invest NT$250 billion (43% of the total investment).

For more details on Kuokuang Petrochemical Park investment project to be scaled down click here

Crude ends the year of 2010 above US$91

Crude futures settled above US$91 a barrel on the last trading day of 2010, near a two-year highs. Light, sweet crude for February delivery rose to US$91.38 a barrel on the New York Mercantile Exchangge, Brent crude on the ICE futures exchange rose to US$94.

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China’s coal-to-chemicals sector emerging in 2011 to impact petrochemical and energy markets

Planners in the Chinese Government intend to shift their intention from "growth at any cost" model to a more high-value driven economy. The surprise in 2011 could be the silently emerging sector of cooal-to-chemicals, impacting the petrochemical and energy commodity graphs in the long run.

For more details on China’s coal-to-chemicals sector emerging in 2011 to impact petrochemical and energy markets click here

Spot PET prices end the year on a rising trend as demand picks up in Asia

In Asia, spot PET prices ended the year on a rising trend, with most predicting that prices will continue to firm up in the days ahead, as per Chemorbis. In addition to finding support from stronger uupstream costs, PET sellers are also reporting improved demand inside Asia as beverage manufacturers within the region began ramping up their rates in the final week of 2010 in order to begin preparations for the Chinese New Year holidays, which will begin at the start of February.

For more details on Spot PET prices end the year on a rising trend as demand picks up in Asia click here

Chevron Phillips commences maintenance at Cedar Bayou ethylene unit

Chevron Phillips Chemical Co. has commenced maintenance on an ethylene unit at its Cedar Bayou chemical plant in Baytown, Texas, according to a filing with state regulators. Associated flaring is to last for three days.

For more details on Chevron Phillips commences maintenance at Cedar Bayou ethylene unit click here

GAIL to market ONGC products, inks a 3 year deal on gas, petrochem

GAIL has inked a three year deal with Oil and Natural Gas Corporation. Under the agreement, GAIL will exclusively purchase and market the natural gas produced from ONGC’s various fields during the nexxt three years.

For more details on GAIL to market ONGC products, inks a 3 year deal on gas, petrochem click here

Polyethylene markets a year ago today

At the end of 2009, crude oil was near US$80/bbl and naphtha was near US$720/ton in Asia and at US$690/ton in Europe. Rising costs in December 2009 were leading to a bullish start in January 2010. Ass per Chemorbis, similar trends are seen in the PE market today as they were seen a year ago.

For more details on Polyethylene markets a year ago today click here

Honam buys 250000 tons of naphtha at premiums of US$12 for H1 Feb

Honam Petrochemical has purchased at least 25,000 tons of naphtha for H1-February arrival at a premium of US$12/ton to Japan spot quotes on a cost-and-freight (C&F) basis. Persistently tight supplies caused by delays in shipments from the Gulf have pushed premiums higher at the end of 2010.

For more details on Honam buys 250000 tons of naphtha at premiums of US$12 for H1 Feb click here

Bahraini investors in JV to take controlling interest in leading Norwegian-owned petrochemical logistics business

Bahrain based investment bank Capital Management House and National Oil and Gas Authority (NOGA) Holding Ccompany have entered a joint venture to take a controlling interest in a leading Norwegian-ownned petrochemical logistics business, as per TradeArabia News Service.

For more details on Bahraini investors in JV to take controlling interest in leading Norwegian-owned petrochemical logistics business click here

Qapco opens three new logistics service hubs/warehouses in China

Qatar Petrochemical Company (Qaoco) has opened three new logistics service hubs (warehouses) in Shanghai, Guangzhou and Qingdao. Qapco has four rep offices in China- Hong Kong, Shanghai, Beijing and GGuangzhou besides the three warehouses.

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Turkish petrochemicals producer PETKIM’s 2010 production figures peak to highest in 45 years

Turkish petrochemicals producer PETKIM has achieved the highest production figures of 45 years in 2010. Kenan Yavuz, Executive Director of Socar & Turcas, said that Petkim started to see the positive results of its recent improvement and capacity increase investments in 2010, adding it closed the year with a progress above its expectations.

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African polyolefins markets to see further recovery in 2011

2011 is set to be another year of recovery for the African polyolefins markets following a better-than-expected 2010, although further volatility in terms of price, demand and supply remains a possibiility, as per ICIS.

For more details on African polyolefins markets to see further recovery in 2011 click here

Board of Investments grants fiscal incentives to JG Summit Olefins Corp’s US$600 mln naphtha cracker

The Board of Investments has granted fiscal incentives to JG Summit Olefins Corp’s US$600 mln naphtha cracker project in Batangas, on grounds that this is a large import substitute undertaking. JG Summmit Olefins Corp.

For more details on Board of Investments grants fiscal incentives to JG Summit Olefins Corp’s US$600 mln naphtha cracker click here

Italy to ban plastics shopping bags wef January 1

Italy, one of the top users of plastic shopping bags in Europe, is banning them with effect from January 1, 2011. Retailers have been banned from providing shoppers polyethylene bags. They can use baags made of such material as biodegradable plastic, cloth or paper.

For more details on Italy to ban plastics shopping bags wef January 1 click here

Naphtha prices to firm in early 2011 on robust global crude futures, maintenance in the Middle East

Asia naphtha prices are expected to firm in early 2011, stoked by robust global crude futures at above US$91/bbl as a bitter cold winter in Europe and northeast USA sparks demand for home heating, as per ICIS.

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Fewer new polyolefin capacities in 2011as compared to massive number that came onstream in 2010

Looking ahead to the year 2011, there appears to be far fewer new polyolefins capacities to watch out as compared to the massive number of new complexes which came onstream in 2010. Based on reports gathered thus far on ChemOrbis Production News, China will see around three new PP plants starting up in 2011 versus the nine plants that were reported since the start of 2010.

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Ibn Rushd inks contracts with CTCI and Sinopec Engineering for capacity expansion

SABIC affiliate Arabian Industrial Fibers Co (Ibn Rushd) has inked contracts with Taiwan's CTCI and China's Sinopec Engineering for capacity expansion. The contract with CTCI would more than double Ibbn Rushd's aromatics production capacity to 1.

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