Asian naphtha prices peak to 32 month high, cracks rise on tight supplies

Start of the week saw Asian naphtha prices peak to a 32 month high while cracks have risen to a three-month peak with tight supplies supporting the bull run, as per Reuters. Demand has been steady to lower, amid tight supplies.

For more details on Asian naphtha prices peak to 32 month high, cracks rise on tight supplies click here

Malaysia to maintain anti-dumping duties on imports of polyethylene terephthalate from Thailand

Malaysia has decided to maintain anti-dumping measures on imports of polyethylene terephthalate (PET) originating or exported from Thailand, as per Bernama. This follows an administrative review initiiated on Oct 14 last year on imports of the product from Taiwan, Indonesia, South Korea and Thailand upon the request from a domestic producer.

For more details on Malaysia to maintain anti-dumping duties on imports of polyethylene terephthalate from Thailand click here

QAPCO’s new low density polyethylene plant to be commercially launched in Q1-2012

QAPCO’s new low density polyethylene (LDPE-3) plant will have its commercial launch in the first quarter of 2012. To be located at Mesaieed, the new plant will have a capacity to produce 300,000 tpa LLDPE.

For more details on QAPCO’s new low density polyethylene plant to be commercially launched in Q1-2012 click here

South East Asia’s PP market balanced between higher costs, lackluster demand

In Southeast Asia, spot PP prices continued to track a mostly steady trend over the past week with the market being described as balanced between higher upstream costs and sluggish demand, as per Chemmorbis.

For more details on South East Asia’s PP market balanced between higher costs, lackluster demand click here

Taiwan’s MOEA’s plans to ensure sustainable development of Taiwan’s petrochemical industry

After the Kuokang Petrochemical complex faces near-abandonment in Taiwan, the Ministry of Economic Affairs (MOEA) plans to take steps to ensure sustainable development of the country’s petrochemical iindustry.

For more details on Taiwan’s MOEA’s plans to ensure sustainable development of Taiwan’s petrochemical industry click here

Expansion of ethylene capacity planned by Westlake with light feedstocks

Westlake Chemical Corp has announced an expansion program that will include an increase in ethane-based ethylene capacity at Lake Charles, LA, evaluation of expansion options and the upgrade of ethyleene production facilities at Calvert City, KY to capitalize on new low cost ethane and other "light" feedstocks being developed in North America, as per PRNewswire.

For more details on Expansion of ethylene capacity planned by Westlake with light feedstocks click here

Taiwan government mulls lifting a ban on setting up petrochemical activities in China

Taiwan is immediately evaluating the possibility of allowing companies to set up naphtha cracking operations in China. The government is considering lifting a ban on setting up petrochemical activitiees in China, as it’s president withdrew support for the controversial US$24 bln Kuokuang local refinery project, as per Reuters.

For more details on Taiwan government mulls lifting a ban on setting up petrochemical activities in China click here

Reliance Industries mulls investment of over Rs 1,50,000 crore over next five years

Reliance Industries plans to invest over Rs 1,50,000 crore over the next five years. There might be major investments, totalling nearly Rs 1,00,000 crore in the group's core businesses of petrochemicaals and energy exploration and production over the next five years.

For more details on Reliance Industries mulls investment of over Rs 1,50,000 crore over next five years click here

PTT Chemical (PTTCH) and PTT Aromatics and Refining (PTTAR) merger approved by shareholders

Shareholders of PTT Chemical (PTTCH) and PTT Aromatics and Refining (PTTAR) have approved a merger between the two PTT subsidiaries. This move will create South East Asia’s third largets petrochemicall firm behind Petronas Chemical and Siam Cement Group (SCG), in terms of enterprise value.

For more details on PTT Chemical (PTTCH) and PTT Aromatics and Refining (PTTAR) merger approved by shareholders click here

SK Global Chemical Co plans to invest US$900 mln to expand its paraxylene plant

SK Global Chemical Co., a wholly owned unit of South Korea's top refiner SK Innovation Co., said Wednesday that it will invest 1 trillion won (US$900 million) to expand its paraxylene plant in Ulsan, in the southeast of the country.

For more details on SK Global Chemical Co plans to invest US$900 mln to expand its paraxylene plant click here

Plans to launch HPL’s initial public offer in the next three years

The newly appointed managing director of Haldia Petrochemicals (HPL) seems keen to launch HPL’s initial public offer in the next three years. Talking to The Telegraph, Bhattacharyya said the company ccould return to profit by the end of this fiscal.

For more details on Plans to launch HPL’s initial public offer in the next three years click here

Relief expected in crude oil prices in H2 on declining fears of supply disruption

Crude oil prices are expected to dip below US$110 from current highs of US$124 as high prices undermine demand and economic growth. Prices in Q3 are expected to fall to an average of US$108 a barrel aas per a Reuters poll as disturbances in the oil-producing regions of Middle East and North Africa that have fuelled four months of bullish price increases, wane.

For more details on Relief expected in crude oil prices in H2 on declining fears of supply disruption click here

Review taskforce fails to reach final conclusion on proposed naphtha cracker complex in Kuokuang

A review taskforce failed to reach a final conclusion on the future of a proposed naphtha cracker complex by Kuokuang Petrochemical Technology Co. The taskforce has proposed two scenarios to be evaluaated by the Environmental Impact Assessment (EIA) Committee next month, a decision that did not please environmentalists- That the committee either reject the project, which was planned to be constructed in Dacheng Township, Changhua County, or give it conditional approval.

For more details on Review taskforce fails to reach final conclusion on proposed naphtha cracker complex in Kuokuang click here

Lower feedstock costs continue to pull down Asian PET prices

PET prices had shifted direction in Asia as they started to soften at the end of March and early April in line with declining feedstock costs. Softening in upstream markets has not stopped this week ddespite firm oil prices at the highest levels since the summer of 2008.

For more details on Lower feedstock costs continue to pull down Asian PET prices click here

New coating that self mend under brief exposures to ultraviolet light

Scientists have unveiled a new kind of coating that can mend its own scratches under brief exposures to ultraviolet (UV) light. A team of researchers in the United States and Switzerland has developeed a polymer-based material called "metallo-supramolecular polymers," capable of becoming a supple liquid that fills crevasses and gaps left by scrapes and scuffs when placed under ultraviolet light for less than a minute and then resolidifying.

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RIL Q4 net profit rises on 8 quarter high gross refining margin, increased profits from petrochemicals

Reliance Industries Ltd’s net profit for the quarter ended March 31, 2010 stood at Rs 5,376 crore (Rs 4,710 crore). RIL's turnover for the quarter grew by 25% to Rs 75,238 crore, from Rs 60,267 crore in the corresponding quarter last year.

For more details on RIL Q4 net profit rises on 8 quarter high gross refining margin, increased profits from petrochemicals click here

Dow’s plans to further integrate North American performance businesses with shale gas liquids to strengthen competitive position

Dow Chemical Co. plans to further integrate the company's North American performance businesses with shale gas liquids, in a move to strengthen its competitive position, as per Dow Jones Newswire. Thee move will strengthen its performance plastics, performance products and advanced materials businesses.

For more details on Dow’s plans to further integrate North American performance businesses with shale gas liquids to strengthen competitive position click here

Asian PE producers mull rate cuts on persistently weak demand

Asian PE producers are considering reduction in operating rates in the coming month, as they struggle to achieve acceptable operating margins in the face of persistently stagnant demand that has pusheed PE prices lower over the past week even as upstream costs continue to move higher, as per Chemorbis.

For more details on Asian PE producers mull rate cuts on persistently weak demand click here

Construction of ethylene pipeline planned by BASF and six others comes to a standstill in Germany

The administrative court of Stuttgart ordered a halt to the construction of an ethylene pipeline in Germany planned by BASF SE (BAS) and six other companies on concern the infrastructure runs too closse to housing, as per Bloomberg.

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Spread between naphtha and gasoline widens in the Middle East

Gasoline premiums in the Middle East edged higher this week on pockets of buying and a strong market in the West, and amid the widening spread between naphtha and gasoline as per Reuters. In Europe, ggasoline crack spreads improved as product prices outpaced oil market gains, supported by ongoing maintenance at Europe's key refineries.

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Gasoline, naphtha prices firmer in Europe after US data

Gasoline barge prices in NW Europe rose in line with rising crude oil prices on report of bullish US inventory data. However, trading has been limited ahead of the Easter holiday long weekend as per RReuters.

For more details on Gasoline, naphtha prices firmer in Europe after US data click here

Mitsubishi Chemical Corp to restart No 2 naphtha cracker at Kashima

Mitsubishi Chemical Corp plans to restart the No 2 naphtha cracker at Kashima with capacity to produce 453,000 tpa of ethylene. It’s No 1 cracker with capacity to produce 375,000 tpa ethylene has beenn shut for maintenance.

For more details on Mitsubishi Chemical Corp to restart No 2 naphtha cracker at Kashima click here

Oil spikes to US$112, Brent crude hovers near US$125

New York's main contract, light sweet crude for delivery in June traded at US$111.9, while Brent North Sea crude settled at US$124.3 on the ICE Futures exchange in London. Oil is estimated to finish tthe week higher on several counts including an unexpected drop in crude supplies.

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IPIC and Oman’s state oil company ink cooperation agreement for investment projects in oil, gas and petrochemicals

Abu Dhabi’s International Petroleum Investment Company (IPIC) and Oman’s state oil firm Petroleum Development Oman (PDO) signed a cooperation agreement for investment projects in oil, gas and petrocheemicals, as per Oman’s state news agency.

For more details on IPIC and Oman’s state oil company ink cooperation agreement for investment projects in oil, gas and petrochemicals click here

Naphtha demand in Europe continues to be weak on persistent high prices

Persistently high naphtha prices in Europe are continuing to push down demand, as per ICIS.
In line with rising crude oil, naphtha peaked a 33 month high on 8 April, assessed at US$1054-1062/ton CIF (cost, insurance and freight) NWE.

For more details on Naphtha demand in Europe continues to be weak on persistent high prices click here

Asian PET producers attempt to tap into stronger European market, try to sell more directly

In a bid to increase sales in the relatively stronger markets of Europe, polyethylene terephthalate producers in USA are increasingly making contact directly with European PET consumers, cutting out tthe middleman, as per Platts.

For more details on Asian PET producers attempt to tap into stronger European market, try to sell more directly click here

Oil prices gain on dollar weakness amid improved economic prospects in the US

Oil prices continued to extended gains in Asian trade as the dollar remained weak against major currencies even as economic prospects in USA improved. Light sweet crude for June delivery traded at US$$108.

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Design-friendly TPI resins that deliver high performance at prolonged extreme temperatures

SABIC Innovative Plastics announced the newest addition to its Extem* UH family of amorphous thermoplastic polyimide (TPI) resins to meet customer requirements for design-friendly materials that delivver high performance at prolonged extreme temperatures.

For more details on Design-friendly TPI resins that deliver high performance at prolonged extreme temperatures click here

Glitch at Ineos Group’s ethylene unit at its Chocolate Bayou chemical plant

Ineos Group Holdings Plc reported an upset at the ethylene unit at its Chocolate Bayou chemical plant in Alvin, Texas, as per Bloomberg. “The olefins 1 unit experienced an upset when the p-rich feed wwas lost to two of the furnaces resulting in flaring off spec ethylene product,” Ineos said a filing with the Texas Commission on Environmental Quality.

For more details on Glitch at Ineos Group’s ethylene unit at its Chocolate Bayou chemical plant click here

Sinopec Group to halt fuel exports and cut petrochemical production to boost output of gasoline and diesel

Sinopec Group, Asia’s biggest oil refiner, is halting fuel exports and cutting petrochemical production to boost output of gasoline and diesel for domestic use, as per Bloomberg. It has about 6.5% of global supply of ethylene.

For more details on Sinopec Group to halt fuel exports and cut petrochemical production to boost output of gasoline and diesel click here

Coca-Cola shuts down US PET recycling joint venture

The joint-venture PET recycling plant that Coca-Cola opened two years ago in Spartanburg, South Carolina, has closed, as reported by Plastics News. Neither Coke nor United Resource Recovery has made aany official announcement about the closing of their joint venture plant, NURRC.

For more details on Coca-Cola shuts down US PET recycling joint venture click here

Local LDPE remains indifferent to HDPE rise in Italy

LDPE and HDPE prices in Italy are tracking different paths in April, as per Chemorbis. Looking at the last couple of weeks, HDPE sellers have been standing on firmer ground as a result of tight suppllies and better demand for this product whereas LDPE sellers, who continue to suffer from low buying interest as a result of high prices have been conceding to mainly rollovers following initially higher prices from producers.

For more details on Local LDPE remains indifferent to HDPE rise in Italy click here

Polypropylene continues at record-high prices in Europe

European polypropylene (PP) buyers continue to pay record-high prices as relief from a relentless round of price increases fails to materialise, as per ICIS. The expected flood of imports from new prooduction in the Middle East has still not arrived, and sources do not expect this situation to change in the short term.

For more details on Polypropylene continues at record-high prices in Europe click here

Sibur mulls initial public offering (IPO) in H2- 2012

ibur, Russia's largest petrochemical group, may hold an initial public offering (IPO) in H2-2012.
The company "is currently considering options for an IPO," as per Ilya Rogol, project manager at Sibuur Holding.

For more details on Sibur mulls initial public offering (IPO) in H2- 2012 click here

Japan's Maruzen running Chiba aromatics plant at 100% after restart

Japan's Maruzen Petrochemical is currently operating its aromatics plant at Ichihara, Chiba, at close to 100% of capacity, following a restart on April 9, as per Platts. The plant, which has a design capacity of 200,000 tpa of benzene, 85,000 tpa of toluene and 72,000 tpa of solvent-grade mixed xylenes, was shut March 11 following the massive earthquake in Japan.

For more details on Japan's Maruzen running Chiba aromatics plant at 100% after restart click here

Brent crude falls, Asian naphtha dips to near two-week low

Asian naphtha prices fell to a near two-week low on Tuesday, in line with Brent crude losses, while cracks dropped to a four-session low, but comparatively strong sentiment kept intermonth spreads firrm, as per Reuters.

For more details on Brent crude falls, Asian naphtha dips to near two-week low click here

Formosa reduces run rates at 2.93 mln tpa naphtha cracking complex

Weak petrochemical margins have pushed Taiwan's Formosa Petrochemical Corp to reduce run rates at its 2.93 mln tpa naphtha cracking complex to 90-95% from full-tilt as per Reuters. Polymer prices in AAsia are not rising as fast as sellers had hoped to reflect the escalating naphtha costs.

For more details on Formosa reduces run rates at 2.93 mln tpa naphtha cracking complex click here

Dow inks joint development deal to produce bio-based acrylic acid with fermentable sugar

The Dow Chemical has inked a joint development deal with OPX Biotechnologies to devise a commercial scale procedure for manufacturing of bio-based acrylic acid utilizing a fermentable sugar such as caane and corn sugar.

For more details on Dow inks joint development deal to produce bio-based acrylic acid with fermentable sugar click here

Ferrostaal AG plans to invest US$900 mln in a petrochemical plant in West Papua

German engineering firm Ferrostaal AG plans to build a petrochemical plant in West Papua at a cost of US$900 mln. “The investment is about $900 million but it can change depending on the project and eeverything needed, including the gas supply,” Ferrostaal petrochemical division senior executive manager Soenke Gloede said.

For more details on Ferrostaal AG plans to invest US$900 mln in a petrochemical plant in West Papua click here

Oil starts the week in Asia near US$109 as gasoline jumps in USA

Oil prices dipped to levels near US$109 at the start of the week in Asia, as gasoline prices spiked in USA. Concerns abound that higher US gasoline prices could weaken crude demand. Gasoline jumped too average US$4/gallon in six US states of Alaska, California, Connecticut, Hawaii, Illinois and New York.

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Formosa buys over 90,000 tons of naphtha at higher premiums

In a move that reflects strong sentiment caused by tighter-than-expected supplies, Formosa has bought around 90,000-100,000 tons of naphtha at higher premiums, as per Reuters. Formosa is Asia’s numberr one naphtha buyer, and has bought the volumes for H2-May arrival at premiums of about US$6/ton to Japan spot quotes on a cost-and-freight (C&F) basis.

For more details on Formosa buys over 90,000 tons of naphtha at higher premiums click here

US propylene peaks to new highs while Asia, Europe stagnate

Propylene prices have moved to record highs in the US due to supply tightness while spot propylene prices in Europe and Asia have stagnated as a result of sluggish demand. PP producers across all majoor economic regions are complaining about their shrinking margins, with the stand-off between buyers and sellers helping to keep spot prices steady in Europe and Asia despite stronger upstream costs.

For more details on US propylene peaks to new highs while Asia, Europe stagnate click here

Supreme Petrochem Q3 net profit surges by over 49%

Supreme Petrochem’s net profit surged to Rs. 29.57 crore in Q3 March 2011 on 24.2% rise in net sales to Rs. 511.75 crore. Net profits surged by 49.6% in Q3 March 2011 as compared to the same quarter iin 2010.

For more details on Supreme Petrochem Q3 net profit surges by over 49% click here

Formosa to increase capacity at Point Comfort, Texas

Formosa Plastics plans to invest US$2.1 bln to expand existing facilities in the United States. The plan will see the annual ethylene capacity at its unit in Point Comfort, Texas, increase 28% to 2.077 mln tons and propylene capacity by 54% to 1.

For more details on Formosa to increase capacity at Point Comfort, Texas click here

Iranian PE continues to make inroads in global markets

Players in global markets are reporting numerous Iranian PE offers this month in Italy, Turkey, China and even in Egypt, where Iranian LDPE film offers were more heavily reported in April when compareed to the past months, as per ChemOrbis.

For more details on Iranian PE continues to make inroads in global markets click here

Punjab Government to strictly implement The Punjab Plastic Bags (Manufacture, Usage and Disposal) Control Act

The Punjab Government has decided to strictly implement ‘The Punjab Plastic Bags (Manufacture, Usage and Disposal) Control Act’, prohibiting the manufacture, disposal and usage of polythene bags from virgin plastic of thickness not less than 30 micron and size not less than 8 X 12 inches and of a colour other than specified.

For more details on Punjab Government to strictly implement The Punjab Plastic Bags (Manufacture, Usage and Disposal) Control Act click here

Honam Petrochemical plans to buy out minority shareholders in subsidiary KP Chemical Corp.

As it seeks expansion and revenue growth in Asia, Honam Petrochemical Corp. has planned to buy out minority shareholders in subsidiary KP Chemical Corp. this year. KP Chemical, which is 52% owned by HHonam, has production bases in Korea, UK and Pakistan This step will enable to company to grow from its position as South Korea’s second-biggest ethylene producer.

For more details on Honam Petrochemical plans to buy out minority shareholders in subsidiary KP Chemical Corp. click here

SABIC to restart naphtha cracker at Geleen

Saudi Basic Industries Corp. (SABIC) plans to start a naphtha cracker at its Geleen plant in the Netherlands after planned maintenance that began on March 11. The Geleen site has an annual production capacity of 1.

For more details on SABIC to restart naphtha cracker at Geleen click here

Asia's naphtha prices fall from 32 month high at end of last week

Asia's naphtha fell from a 32 month high on Friday, while cracks were firm at about a month's high on strong sentiment due to short covering in the East and healthy demand in the West, as per Reuters..

For more details on Asia's naphtha prices fall from 32 month high at end of last week click here

Lack of prompt supply props European naphtha premiums

European naphtha cargo premiums surged by almost US$12/b amid a lack of offers in the prompt market, according Platts data. The premium for 12,500 mt naphtha cargoes over May swaps was assessed at US$$22.

For more details on Lack of prompt supply props European naphtha premiums click here

Georgia Gulf declares force majeure on PVC shipments on feedstock supply issues

Georgia Gulf has declared force majeure on PVC (polyvinyl chloride) shipments on feedstock issues. The company faces problems of reduced ethylene supply triggered by a force majeure declared by its suupplier, and low chlorine production at its facility.

For more details on Georgia Gulf declares force majeure on PVC shipments on feedstock supply issues click here

Reliance begins implementation of world scale PTA project in Gujarat

Reliance Industries Ltd (RIL) has begun implementation of a world scale polyester project in Gujarat. The Indian petrochem giant plans to set up a 2.3 mln ton purified terephthalic acid (PTA) plant att Dahej, capable of getting scaled by 1.

For more details on Reliance begins implementation of world scale PTA project in Gujarat click here

Higher costs unable to push Polyethylene deals higher in Asia

In Asia, Polyethylene deals were reported with rollovers to decreases from producers’ initial offer levels as stronger upstream costs failed to generate sustainable increases in the region’s PE marketts, as per Chemorbis.

For more details on Higher costs unable to push Polyethylene deals higher in Asia click here

Royal Dutch Shell’s ethylene plant at Pulau Bukom not anticipated to start before mid-May

Royal Dutch Shell’s ethylene plant at Pulau Bukom in Singapore is not anticipated to start before mid-May. Shell had declared a force majeure due to an unplanned operational problem issue on March 21..

For more details on Royal Dutch Shell’s ethylene plant at Pulau Bukom not anticipated to start before mid-May click here

Asia Naphtha at 32 month high; cracks at 1 month peak

Naphtha prices in Asia have recovered to a 32 month high, while cracks are at their highest in about a month as a positive demand outlook continues to boost sentiment, as per Reuters. Taiwan's Formosaa is said to be in private talks with sellers, and could buy H2-May cargoes by next week.

For more details on Asia Naphtha at 32 month high; cracks at 1 month peak click here

IPIC seeks to bring Nova Chemicals to Abu Dhabi

International Petroleum Investment Company (IPIC) is seeking to bring Nova Chemicals to Abu Dhabi, as it switches focus to the domestic petrochemical industry. Abu Dhabi is embarking on a US$20 billioon (Dh73.

For more details on IPIC seeks to bring Nova Chemicals to Abu Dhabi click here

Market for PBT shows signs of revival following two years of stagnation

Demand for engineered plastics such as Polybutylene Terephthalate (PBT) is largely dependent on the growth trends in key end use industries including automotive, electrical and electronics, and consummer appliances.

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CNOOC to build 1 mln tpa Huizhou steam cracker

China National Offshore Oil Corporation (CNOOC) plans to start work on a 1 mln tpa naphtha-fed steam cracker in Huizhou, Guangzhou province, by end of 2013-early 2014, as per Platts. Capacities includde 1 mln tpa of ethylene, 500,000 tpa of propylene and 150,000 tpa of butadiene.

For more details on CNOOC to build 1 mln tpa Huizhou steam cracker click here

BPF’s Recycling Group signals concerns over growing shortage of usable plastics waste

The BPF’s Recycling Group (BPFRG) has signalled major concerns over the growing shortage of usable plastics waste which it can access and has questioned the wisdom of exporting used plastics materialss at a time when demand for plastics recyclate is increasing in the domestic market.

For more details on BPF’s Recycling Group signals concerns over growing shortage of usable plastics waste click here

Georgia Gulf Corp. (GGC) declares force majeure on shipments of polyvinyl chloride on raw material shortage

Georgia Gulf, due to reduced ethylene supply and reduced operating rates for chlorine at its production facility in Plaquemine, La., has declared a force majeure for PVC (polyvinyl chloride) shipmentss.

For more details on Georgia Gulf Corp. (GGC) declares force majeure on shipments of polyvinyl chloride on raw material shortage click here

Arkema’s new Kynar PVDF production fluorinated polymer plant at Changshu site

Arkema has successfully brought on stream its new Kynar PVDF production fluorinated polymer plant at Changshu site in China. With this additional capacity, Arkema now boasts significant VF2 and PVDF pproduction resources on three continents - Europe, North America and Asia -, and so can provide superior service to its customers in each region.

For more details on Arkema’s new Kynar PVDF production fluorinated polymer plant at Changshu site click here

SIIG plans to merge with unit National Petrochemical Co, to build a US$1.2 bln petrochem complex

Saudi Industrial Investment Group (SIIG) plans to merge with its unit National Petrochemical Co (Petrochem) and also to build a US$1.2 bln petrochem complex in 2012. Currently, SIIG owns 50% of Petrocchem and produces around 1.

For more details on SIIG plans to merge with unit National Petrochemical Co, to build a US$1.2 bln petrochem complex click here

Project Assesses Impact of REACH Legislation on the European Polymer Industries

REACH for polymers aims to increase and consolidate the knowledge base of the European polymer industry by applying new techniques and methods that offer environmental as well as economic advantages tto the industry when complying with the REACH regulation.

For more details on Project Assesses Impact of REACH Legislation on the European Polymer Industries click here

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended April 10, 2011

CRUDE OIL
World oil price jumped in the week of April 10, 2011, to the highest levels since 2008. New figures from USA that showed reduced unemployment amid unrest in the Middle East have propped up oil prices to two year highs.

For more details on Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended April 10, 2011 click here

Italy’s spot PVC market stabilizes

After three consecutive months of rising prices, local PVC prices in Italy have stabilized in the month of April due to growing resistance from buyers, as per Chemorbis. Complaining about continuouslyy rising local prices, many converters had shown an interest in alternative supply sources for the past several months while keeping local purchases restricted.

For more details on Italy’s spot PVC market stabilizes click here

Bill passed to attract gas crackers to West Virginia

A bill has been recently passed to bring tax incentives and other perks to manufacturers of natural gas byproducts, thus attracting gas crackers to West Virginia.
Senate Bill 465, the Marcellus Shalle Economic Development Act, has been passed.

For more details on Bill passed to attract gas crackers to West Virginia click here

Petrobras to use gas from the pre-salt fields in new Comperj petrochemical complex

Petrobras will use natural gas from the pre-salt fields as fuel and feedstock in the new petrochemical complex in Rio de Janeiro (Comperj), which is being built in Itaboraí. The first refinery is expeected to go into operation in late 2013.

For more details on Petrobras to use gas from the pre-salt fields in new Comperj petrochemical complex click here

Kazakhstan Petrochemical awards contract to CB&I for propane dehydrogenation unit, polypropylene plant

Lummus Technology, a CB&I company, has been awarded a contract from Kazakhstan Petrochemical Industries Inc. LLP (KPI) for the license and basic engineering of a propane dehydrogenation unit and a pollypropylene plant.

For more details on Kazakhstan Petrochemical awards contract to CB&I for propane dehydrogenation unit, polypropylene plant click here

How will Japan’s disaster impact India

The March 11 earthquake and tsunami in Japan has seen calm stock market reaction -stock markets in the developed and emerging world have actually gained 1-8% in the last month, with the Nikkei Stock AAverage losing over 10%.

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March naphtha imports for ethylene production falls in Japan

In the month of March 2011, Japan's naphtha imports for ethylene production fell 16.5% month-on-month to 1.193 mln tons, as reported by the Ministry of Economy, Trade and Industry. As per Platts, thiss fall can be attributed to the impact of the massive March 11 earthquake and tsunami.

For more details on March naphtha imports for ethylene production falls in Japan click here

Wacker plans 15,000 ton polysilicon production plant in USA

In a bid to meet customers’ future needs for top- quality polysilicon to make high-efficiency solar cells, Wacker has planned capacity expansion. Wacker Chemie AG has started construction work on a fuully integrated polysilicon-production site in the USA, planned to be completed by late 2013 with an annual capacity of 15,000 tons.

For more details on Wacker plans 15,000 ton polysilicon production plant in USA click here

Naphtha prices in Asia ease from 2 and a half year highs

Asia's naphtha prices eased from a more than 2-½ year high on Tuesday, with cracks holding steady and the intermonth spread at its highest so far this year on the back of strong fundamentals, as per RReuters.

For more details on Naphtha prices in Asia ease from 2 and a half year highs click here

Borealis mulls capacity doubling in Brazil

Borealis plans to double its capacity in Brazil, where it runs two plants in a joint venture with Braskem, as per PlasticsToday. Its Brazilian joint venture, formed in 2001 and 80% owned by Borealis,, needs new capacity to meet demands out of many different markets there, including automotive.

For more details on Borealis mulls capacity doubling in Brazil click here

Noticeable Polystyrene decreases in April done deals in Italy

Following continuous price hikes over five straight months in a row due to higher costs and tight local supplies, Italy’s PS market has changed course at the start of April, losing significant ground month-on-month, as per Chemorbis.

For more details on Noticeable Polystyrene decreases in April done deals in Italy click here

Breakthrough PP for Production of remarkably soft, cloth-like nonwoven textiles

The Dow Chemical Company (Dow) has introduced DOW SOFT TOUCH™ Polypropylene (PP) Resin, a family of breakthrough single-pellet resin solutions for the efficient production of mono-component spunbond nnonwoven fabrics that exhibit remarkable softness and drape while retaining the physical properties of polypropylene nonwoven fabrics.

For more details on Breakthrough PP for Production of remarkably soft, cloth-like nonwoven textiles click here

Europe’s PVC industry on track to achieve Vinyls 2010’s Voluntary Commitment 10 year targets

The European PVC industry has released its latest annual Vinyl 2010 Progress Report which confirms that the PVC industry's sustainable development initiative is definitely on track to achieve its Voluuntary Commitment 10-year targets, as reported by Vinyl2010.

For more details on Europe’s PVC industry on track to achieve Vinyls 2010’s Voluntary Commitment 10 year targets click here

First biodegradable polymer nanoparticles that kill bacteria without destroying healthy red blood cells

Scientists at the Institute of Bioengineering and Nanotechnology (IBN) and IBM Research – Almaden have developed the first biodegradable polymer nanoparticles to combat drug-resistant superbugs, such as Methicillin-Resistant Staphylococcus aureus (MRSA).

For more details on First biodegradable polymer nanoparticles that kill bacteria without destroying healthy red blood cells click here

Dow collaborates to develop industrial scale process for bio-based acrylic acid from renewable feedstocks

The Dow Chemical Co. and OPX Biotechnologies, Inc. (OPXBIO) are collaborating to develop an industrial scale process for the production of bio-based acrylic acid from renewable feedstocks. The two havve signed a joint development agreement to prove the technical and economic viability of an industrial-scale process to produce acrylic acid using a fermentable sugar (such as corn and/or cane sugar) feedstock with equal performance qualities as petroleum-based acrylic acid, creating a direct replacement option for the market.

For more details on Dow collaborates to develop industrial scale process for bio-based acrylic acid from renewable feedstocks click here

Petrochemical exports from Saudi Arabia rise on demand from Asia, ethane production

Saudi Arabia has boosted petrochemical exports in the first two months of 2011 on rising demand from Asia and increased local production of ethane, as per Bloomberg.

The country shipped 4.65 mln ttons of petrochemicals from its ports in January and February- this is a 6.

For more details on Petrochemical exports from Saudi Arabia rise on demand from Asia, ethane production click here

Sinopec unit begins construction of 500,000 tpa aromatics plant at Kazakhstan

China's Sinopec Tenth Construction Co. has started building a 500,000 tpa aromatics facility at Kazakhstan's Atyrau oil refinery, as per Platts. Sinopec Tenth Construction is contracted to build the aaromatics facility, nine storage tanks for storing heavy and light refined oil products, reformate and xylenes, a power distribution facility and other related facilities.

For more details on Sinopec unit begins construction of 500,000 tpa aromatics plant at Kazakhstan click here

Naphtha Tenders for the week

As per Reuters, Shell bought BPCL's 35,000 tons for April 27-29 loading from Mumbai at around US$23.30/ton premiums to Middle East quotes on a FOB basis. It bought another 30,000 tons from IOC for Aprril 28-30 loading from Kandla at premiums of about US$22/ton to BPCL’s price formula on FOB basis.

For more details on Naphtha Tenders for the week click here

Royal Dutch Shell’s Pulau Bukom ethylene plant not expected to start before mid-May

Royal Dutch Shell Plc (RDSA)’s Pulau Bukom ethylene plant in Singapore is not expected to start before the middle of May, as per Bloomberg. The plant has annual capacity to produce 800,000 tons of ethhylene, 450,000 tons of propylene and 230,000 tons of benzene.

For more details on Royal Dutch Shell’s Pulau Bukom ethylene plant not expected to start before mid-May click here

Asian naphtha prices continue at 32 month high amid high Brent crude, cracks ease

Asian naphtha prices continued at a 32 month high in line with high Brent crude prices, with cracks easing slightly, as per Reuters. However, the intermonth spread remained firm on strong sentiment. PPrices in Asia,
which is structurally short of naphtha, have often been higher than in Northwest Europe.

For more details on Asian naphtha prices continue at 32 month high amid high Brent crude, cracks ease click here

No schedule set for Taiwan EPA’s next environmental impact assessment review

The Environmental Protection Administration (EPA) has asked Kuokuang project investors to submit a revised plan. As it awaits the revised plan, EPA officials have not set a schedule for the panel's neext environmental impact assessment review.

For more details on No schedule set for Taiwan EPA’s next environmental impact assessment review click here

Asia Polymer Corp to invest NT$4-5 billion in EVA plant in Kaohsiung County

Asia Polymer Corp. (a member of the USI Far East Group) plans to increase output of the high-margin EVA (ethylenevinyle acetate). The company plans to invest NT$4-5 bln to build a new plant in Kaohsiuung County with annual capacity of 120,000 tons, as per CENS.

For more details on Asia Polymer Corp to invest NT$4-5 billion in EVA plant in Kaohsiung County click here

Plastindia initiative to help marginal farmers save water, increase yield per crop, increase number of crops per year

Plastindia Foundation’s “ Plasticulture” is scheme whereby farmers are provided with drip irrigiation facility and also shown the benefits of using them. Plastindia Plasticulture activity is being donne in association with the Organisation of Plastic Processors of India.

For more details on Plastindia initiative to help marginal farmers save water, increase yield per crop, increase number of crops per year click here

Players brace for another month of major hikes in PVC, VCM in Asia

Players in Asia’s PVC markets are preparing for another month of steep increases in PVC and VCM prices, with a South Korean producer quotes higher May import offers to China, as per Chemorbis. Persisttently limited VCM avails along with higher costs were cited as the main reasons for the ongoing increases in PVC prices.

For more details on Players brace for another month of major hikes in PVC, VCM in Asia click here

Mitsubishi plans to restart naphtha cracker at Kashima, with capacity to produce 453,000 tpa ethylene

Japan's Mitsubishi Chemical Corp plans to restart the No.2 naphtha cracker at its Kashima plant, with capacity to produce 453,000 tpa of ethylene, around May 20, as per Reuters. It is also set to resttart the other 375,000 tpa No.

For more details on Mitsubishi plans to restart naphtha cracker at Kashima, with capacity to produce 453,000 tpa ethylene click here

Arb reversal as Middle East ships 150,000 tons naphtha to West

Around 150,000 tons of naphtha will be shipped from the Middle East to the West, as per Reuters. The Middle East will export three naphtha cargoes west to Europe and USA instead of East to Asia, in a rare reversal of the usual arbitrage flows, as European naphtha prices flip to a premium at Asian levels this week.

For more details on Arb reversal as Middle East ships 150,000 tons naphtha to West click here

Strong buying propels Asian benzene overnight

Asian benzene prices surged by US$14.50/mt at the end of the last week, assessed at US$1191/mt FOB Korea, as the energy complex spiked amid strong buying demand, as per Platts. Benzene benchmark is upp by US$35.

For more details on Strong buying propels Asian benzene overnight click here

Iran exports petrochemical and polymer products worth US$8.6 bln in FY 2010-11

Iran is reported to have exported about 12.920 million tons of petrochemical and polymer products worth approximately US$8.6 bln over the last Iranian year (March 21, 2010-March 20, 2011), PANA reportted.

For more details on Iran exports petrochemical and polymer products worth US$8.6 bln in FY 2010-11 click here

Indorama Ventures plans major expansion to lift PET capacity in Europe by 20% in two years

Plans are underway for capacity expansion a Europe by world number one producer of polyethylene terephthalate (PET)- Indorama Ventures Plc (IVL). IVL is planning another major expansion that would raiise capacity in Europe by 20% to 1.

For more details on Indorama Ventures plans major expansion to lift PET capacity in Europe by 20% in two years click here

Daelim inks US$317 mln deal to build a petrochemical plant in Philippines

South Korea's Daelim Industrial Co Ltd said in a regulatory filing that it had signed a US$317 mln deal to build a petrochemical plant in Limay, Bataan, under a deal with Petron, the Philippines' larggest oil refining firm.

For more details on Daelim inks US$317 mln deal to build a petrochemical plant in Philippines click here

Chevron Phillips embarks on planned shutdown of ethylene unit at Port Arthur, Texas

Chevron Phillips Chemical Co. has embarked on the planned shutdown of an ethylene unit at its chemical plant in Port Arthur, Texas, according to a filing with state regulators. “Established proceduress and practices will be followed to safely shut down the process equipment,” the company said in the filing with the Texas Commission on Environmental Quality.

For more details on Chevron Phillips embarks on planned shutdown of ethylene unit at Port Arthur, Texas click here

Kazakhstan to continue petrochemical price regulation after lifting customs control with Russia

With effect from July 1, Kazakhstan will remove the customs posts with Russia, and theoretically the prices of petrochemicals should be the same in the Single Economic Space (SES). However, Kazakhstann will continue regulating retail prices of petrochemicals after lifting customs control on its borders with Russia, as per the country's Minister of Oil and Gas.

For more details on Kazakhstan to continue petrochemical price regulation after lifting customs control with Russia click here

Gap between LLDPE, HDPE film disappearing in SEA

The gap between HDPE film from LLDPE film prices in Southeast Asia has narrowed considerably over the past few weeks, with the two currently trading almost at par with each other, as per Chemorbis. Coomparatively better demand for HDPE film, high LLDPE film stocks in China dampening demand, and the high season for agricultural film that has passed, have helped narrow the gap.

For more details on Gap between LLDPE, HDPE film disappearing in SEA click here

JV to build and manage a new petrochemical import terminal in Tianjin

Orlando, Florida, US-based Merletti Partners International has formed an alliance with Hong Kong firm Rose Rock Infrastructure. The latter, through its joint venture with Hongfa Investment, will buildd and manage a new petrochemical import terminal in Tianjin, China - the fifth busiest port in the world at an investment of US$256 mln.

For more details on JV to build and manage a new petrochemical import terminal in Tianjin click here

LG Chem mulls investment of US$1.3 bln in Polypropylene facility in Kazakhstan

Leading South Korean chemical manufacturer LG Chem is seeking to invest up to US$1.3 bln in a Kazakhstan facility to produce 551,000 tpa polypropylene. Kazakh energy officials are scouting for anotherr partner in the venture located in the Western Caspian Sea province of Atyrau, as per europeanplasticsnews.

For more details on LG Chem mulls investment of US$1.3 bln in Polypropylene facility in Kazakhstan click here

Phase 2 refinery upgrade of Petron Corp to ramp up propylene production by 200%

A combination of foreign contractors will aid in propelling forward the US$1.8 bln Phase 2 refinery upgrade of Petron Corporation, targeted for completion by the end of 2014. The list that includes teechnology provider, supplier or contractor for the project’s engineering, procurement and construction (EPC) will comprise of French firm Axens, American firm UOP LLC of the Honeywell Group; Netherlands-headquartered CB&I Lummus; American firm Foster Wheeler AG, and South Korean firm Daelim Industrial Co.

For more details on Phase 2 refinery upgrade of Petron Corp to ramp up propylene production by 200% click here

Saudi government discusses PP anti-dumping with India for Tasnee

The Saudi Arabian government has taken over discussions with India on anti-dumping imposed on National Industrialization Company (Tasnee)'s polypropylene exports as per Platts.
In December last yearr, Tasnee officials told Platts the company was directly discussing the issue with the Indian government.

For more details on Saudi government discusses PP anti-dumping with India for Tasnee click here

Solvay to launch a friendly cash offer for 100 % of the share capital of Rhodia

Solvay and Rhodia announced the signing of a framework agreement according to which Solvay will launch a friendly cash offer for 100 % of the share capital of Rhodia. The cash offer values the equity of Rhodia at EUR 3.

For more details on Solvay to launch a friendly cash offer for 100 % of the share capital of Rhodia click here

Catalytic cracking technology to boost refinery production of propylene and light products developed

Developers of a new catalytic cracking technology that will boost refinery production of propylene and other light products have selected Axens and Shaw Group to license and market the process. Calledd high-severity fluidized catalytic cracking, the technology evolved over 15 years.

For more details on Catalytic cracking technology to boost refinery production of propylene and light products developed click here

Will Taiwan’s ethylene supply dwindle if Kuokuang complex is scrapped?

Taiwan’s supply of ethylene will become problematic by 2015 if a proposed petrochemical development project is scrapped, a Ministry of Economic Affairs official said to Taipei Times. The proposed Kuokkuang complex in Changhua County is planned to offer a major alternative supply after the state-run oil refiner CPC Corp, Taiwan (CPC) closes its fifth naphtha cracker in Greater Kaohsiung in 2015.

For more details on Will Taiwan’s ethylene supply dwindle if Kuokuang complex is scrapped? click here

Ethylene production in Japan rises 0.1% in March

Japan’s ethylene production rose 0.1% in March 2011 vs March 2010, although some plants were shut after the March 11 earthquake, as per government data on Reuters. Ethylene output totalled 514,800 tonns last month compared with 514,100 tons a year ago, as per the Ministry of Economy, Trade and Industry.

For more details on Ethylene production in Japan rises 0.1% in March click here

Mitsubishi Chem crackers still shut after quake; Maruzen, JX restart operations

Japan's Maruzen Petrochemical Co has restarted its 480,000 tpa naphtha cracker in Chiba, nearly three weeks after it was shut down. As per Reuters, the restart means only two crackers remain shut due to the quake.

For more details on Mitsubishi Chem crackers still shut after quake; Maruzen, JX restart operations click here

Naphtha cracks in Asia recover

Asia's naphtha price hover at near four week highs, while naphtha cracks have recovered by about 1.5% after sinking to their lowest in two weeks, as per Reuters. A factor that will boost the market iss that it is still not economical to partially switch to liquefied petroleum gas (LPG).

For more details on Naphtha cracks in Asia recover click here

Plan to move Taiwan’s petrochem industry to Middle East dubbed environment friendly, viable and urgently needed

Democratic Progressive Party (DPP) presidential hopeful Tsai Ing-wen has opined plans to move the nation’s petrochemicals industry to the Middle East, calling the effort environmentally friendly, viaable and urgently needed.

For more details on Plan to move Taiwan’s petrochem industry to Middle East dubbed environment friendly, viable and urgently needed click here

High ethylene prices in US could move further up

Already at an 11 month high, US spot ethylene prices could reach as high as 70 cents/lb on healthy demand from the vinyls and glycol markets, as reported by Platts. Price of 70 cents/lb seems achievabble as demand is fairly strong and inventories are low.

For more details on High ethylene prices in US could move further up click here

Firm trend in Asian PET prices changes direction

In line with higher upstream costs, PET prices in Asia have been following a firm trend for a long time. As per Chemorbis, this week the situation has changed due to softening feedstock costs as well as comfortable stock levels with buyers.

For more details on Firm trend in Asian PET prices changes direction click here

Asia's naphtha price at four week highs, cracks dive to two week lows

Asia's naphtha price ended the week at its highest in about four weeks on Friday, but cracks dived to their lowest in about two weeks despite healthy demand from South Korea, as per Reuters. Samsung Total came forward to buy 25,000 tons of open-spec naphtha for H1-May arrival at premiums of around US$8/ton to Japan spot quotes on a cost-and-freight (C&F) basis.

For more details on Asia's naphtha price at four week highs, cracks dive to two week lows click here

Foster Wheeler bags FEED contract for expansion of Huntsman's Isocyanates facility in China

Foster Wheeler AG’s Global Engineering and Construction Group has received a contract from Huntsman (Europe) BVBA to undertake the front-end engineering design (FEED) for the expansion of Huntsman's IIsocyanates Facility at Caojing, in Shanghai, People's Republic of China.

For more details on Foster Wheeler bags FEED contract for expansion of Huntsman's Isocyanates facility in China click here

Sidi Kerir to set up 460,000 tpa ethylene plant with two partners

Sidi Kerir Petrochemicals Company, along with two other firms, is setting up a petrochemical plant to produce 460,000 tons of ethylene annually. Sidi Kerir will have a 20% stake in the joint venture wwhich is expected to cost around US$1.

For more details on Sidi Kerir to set up 460,000 tpa ethylene plant with two partners click here

Japan's naphtha imports for petrochem rose 2% in February yoy

Japan's naphtha imports for the petrochemical sector rose 2% in February from the same month a year earlier, as per Reuters. Imports of naphtha for ethylene production amounted to 2,061,384 kilolitress (1,429,212 tons) in February, the Ministry of Economy, Trade and Industry said.

For more details on Japan's naphtha imports for petrochem rose 2% in February yoy click here

Shell's refinery in Deer Park shuts CDU after discovering a leak of light naphtha

Shell Oil Co.'s refinery in Deer Park, Texas, shut down its DU2 Unit Crude Column V-5102 distillation unit after discovering a leak of light naphtha. The DU2 unit has shut down to facilitate the isolaation of the leak," Shell said in a filing with the Texas Commission on Environmental Quality.

For more details on Shell's refinery in Deer Park shuts CDU after discovering a leak of light naphtha click here

Naphtha prices in Europe rise in a quiet market, buoyed by refinery maintenance

European gasoline barge and naphtha prices rose on Friday in a quiet market, buoyed by refinery maintenance which is helping to tighten supply, particularly in naphtha, as per Reuters. The gasoline mmarket was sluggish again despite hopes that the summer driving season would provide a pick-up in demand.

For more details on Naphtha prices in Europe rise in a quiet market, buoyed by refinery maintenance click here

Europe continues to dominate global solar market in 2011

Despite brewing trouble for the solar industry in the region, Europe in 2011 will continue to account for the lion’s share of photovoltaic (PV) installations in the world, claiming 68.6% of the globall total, according to the latest IHS iSuppli research.

For more details on Europe continues to dominate global solar market in 2011 click here

Chemplast Sanmar seeks Ministry clearance for increasing PVC capacity

Chemplast Sanmar has sought the Ministry of Environment and Forest's clearance for increasing the production capacity of its PVC resin plant at Cuddalore from 170,000 tpa to 226,000 tpa.

For more details on Chemplast Sanmar seeks Ministry clearance for increasing PVC capacity click here

Emaar commences construction of a new PP woven fabric manufacturing facility

Emaar, the Economic City (Emaar), has announced the commencement of construction of a new polypropylene manufacturing facility in the industrial area of King Abdullah Economic City (KAEC) in Saudi Araabia.

For more details on Emaar commences construction of a new PP woven fabric manufacturing facility click here

Gasoline and naphtha see marginal rise in NW Europe in thin trade

Gasoline and naphtha prices saw a marginal rise in northwest Europe in thin trade, with gasoline stocks falling in the US and the Dortmund-Ems canal in Germany remained closed for a second day followiing an accident at the BP Emsland refinery, as per Reuters.

For more details on Gasoline and naphtha see marginal rise in NW Europe in thin trade click here

Gasoline and naphtha see marginal rise in NW Europe in thin trade

Gasoline and naphtha prices saw a marginal rise in northwest Europe in thin trade, with gasoline stocks falling in the US and the Dortmund-Ems canal in Germany remained closed for a second day followiing an accident at the BP Emsland refinery, as per Reuters.

For more details on Gasoline and naphtha see marginal rise in NW Europe in thin trade click here

Technip chosen as technology provider for Braskem-Idesa’s Ethylene XXI project in Mexico

Braskem-Idesa, the joint venture between the Brazilian Braskem and Mexican Group Idesa has taken another important step for the development of its Ethylene XXI project in Mexico. The JV has chosen Tecchnip as technology provider for the development of its 1,050 kilotons pa ethylene cracker based on ethane.

For more details on Technip chosen as technology provider for Braskem-Idesa’s Ethylene XXI project in Mexico click here

Reliance announces PVC, PP price hikes

India’s Reliance Industries has announced price increases with effect from April 1, 2011. There will be no change in PE prices, PP/PPCP will rise by Rs. 2, and PVC will be up Rs 1.50.



For more details on Reliance announces PVC, PP price hikes click here

Polyolefin markets of China continue to be quiet

Lack of credit and inflation are becoming even greater problems in China, which is reflected in polyolefin markets that remain very quiet, as per ICIS. Lack of credit continues to be problem for the ssmall -and medium-sized companies (SMEs) due to the increases in bank-reserve requirements.

For more details on Polyolefin markets of China continue to be quiet click here

Asia's naphtha price around its lowest in two weeks

Asia's naphtha price was around its lowest in two weeks on Tuesday, with cracks falling to a three-session low despite demand from Taiwan and resumption of operations at a cracker in Japan after the eearthquake, as per Reuters.

For more details on Asia's naphtha price around its lowest in two weeks click here

ONGC expected to skip April naphtha exports from Hazira port for third consecutive month

India's Oil and Natural Gas Corp may skip April naphtha exports from Hazira port for the third consecutive month due to a delay in start up of a mooring facility.

For more details on ONGC expected to skip April naphtha exports from Hazira port for third consecutive month click here

Idemitsu Kosan advances maintenance shutdown at Chiba naphtha cracker

Japanese refiner Idemitsu Kosan Co has shut the naphtha cracker at its Chiba plant for maintenance, a little earlier than its original plan, as per Reuters. The cracker will be restarted in mid-May affter major scheduled maintenance.

For more details on Idemitsu Kosan advances maintenance shutdown at Chiba naphtha cracker click here

New short glass fibers for PP with superior mechanical performance, tensile strength and impact resistance

Two new grades of short glass fiber (GF) reinforcements for polypropylene (PP) specifically engineered for automotive applications have been introduced by Owens Corning. They are available worldwide aand provide alternatives to short GF reinforced polyamide (PA) and long glass fiber reinforced PP in automotive applications.

For more details on New short glass fibers for PP with superior mechanical performance, tensile strength and impact resistance click here

Asian PVC producers wrapping up April business

Overseas PVC producers have started to wrap up April PVC business in China, with the done deal levels representing noticeable increases over March, as per Chemorbis. In Southeast Asia, April import prrices are also emerging significantly higher due to strong demand prompted by tight supplies and the bullish local markets across the region.

For more details on Asian PVC producers wrapping up April business click here

All five South Korean players to proceed with scheduled shutdown of naphtha crackers in April

All five local players will proceed with scheduled shutdowns of naphtha crackers for maintenance in April, as per Reuters. Heavy cracker maintenance schedules through May have been weighing on Asian nnaphtha markets already facing pressure from the loss of Japanese naphtha demand post-earthquake.

For more details on All five South Korean players to proceed with scheduled shutdown of naphtha crackers in April click here

Solution to help battery makers meet the challenges of stop-start engine technology

Owens Corning has announced a new solution to help battery makers meet the challenges of stop-start engine technology. Owens Corning’s new non-woven glass fiber veil using corrosion-resistant Advantexx® E-CR glass technology increases cycle lifetime of traditional flooded lead-acid batteries, in particular at partial state of discharge.

For more details on Solution to help battery makers meet the challenges of stop-start engine technology click here

INEOS Oxide plans expansion of Ethylene Oxide and Ethylene Oxide Derivatives capacity

INEOS Oxide has today confirmed that it is considering plans to expand its Ethylene Oxide (EO) and Ethylene Oxide Derivatives (EOD) capacity as part of its strategy to grow its global business over thhe next few years.

For more details on INEOS Oxide plans expansion of Ethylene Oxide and Ethylene Oxide Derivatives capacity click here