China's polymer imports rise in July

According to data from Chinese customs, China's polymer imports rose 15.8% month over month in July, as per ChemOrbis, and 0.9% year on year (yoy). Homo-PP, PP copolymer and LDPE posted strong year oover year gains, while imports of PVC and PS were down (yoy).

For more details on China's polymer imports rise in July click here

Fire at a PetroChina subsidiary Dalian Petrochemical

As fire broke out at a major petrochemical refinery in the northeastern Chinese city of Dalian. This is the second fire in two months at PetroChina subsidiary Dalian Petrochemical. The fire is reporteed to have occurred in a diesel tank containing 800 tons of fuel.

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ONGC mulls commission of two JV petrochem projects in 2012 and 2013

Oil and Natural Gas Corp (ONGC) plans to commission two large petrochemicals projects are currently under development through joint ventures in 2012 and 2013, as per Reuters. The petrochem project at Dahej, being developed by ONGC Petro-additions Ltd (OPAL) is planned for commissioning in 2012.

For more details on ONGC mulls commission of two JV petrochem projects in 2012 and 2013 click here

NIPC inks US$400 mln contract for construction of ethylene pipeline

National Iranian Petrochemical Company has inked a US$400 mln contract for the construction of the Central Ethylene Pipeline with the Islamic Revolutionary Guards for Construction, KCH. Khatamolanbiaa Construction Headquarter will realize the project with Chinese financing in EPCF mode within 30 months, Fars news agency reported.

For more details on NIPC inks US$400 mln contract for construction of ethylene pipeline click here

Japan's rising automobile production to result in rubber, polypropylene shortage

Rising automobile production in Japan is likely to lead to material shortages. Concerns over shortage of synthetic rubber and polypropylene are growing as major Japanese automakers plan to increase prroduction from October 2011 to March 2012, as per Platts.

For more details on Japan's rising automobile production to result in rubber, polypropylene shortage click here

Iran operating petrochem capacities at barely 85% run rates

Iran's petrochemical industry is operating at 85% run rates- current installed capacity at Iran's petrochemical units totals almost 54.5 mln tpa, while production program is 46 mln tpa. The unused cappacities can be attributed almost equally to a shortage of feed, technological failures, defective equipment manufacture and other factors.

For more details on Iran operating petrochem capacities at barely 85% run rates click here

Evonik - Tasnee joint venture to produce superabsorbents in Jubail, SA

Evonik Industries and Saudi Acrylic Acid Company (SAAC) have established a joint venture called Saudi Acrylic Polymers Company (SAPCo) for the production of superabsorbents. SAAC is a joint venture off the Saudi companies National Industrialization Company (Tasnee) and Sahara Petrochemicals.

For more details on Evonik - Tasnee joint venture to produce superabsorbents in Jubail, SA click here

Royal Dutch Shell to build ethylene cracker in Appalachia, US

Royal Dutch Shell has planned to build a new world-scale ethylene cracker in the Appalachia region of US as the vast area of natural gas implanted in the Marcellus Shale are changing region's fortuness by encouraging global energy.

For more details on Royal Dutch Shell to build ethylene cracker in Appalachia, US click here

Naphtha cracks in Asia end previous week at highest in 3-1/2 months on tighter prompt supplies

Last week ended in Asia with cracks firm at their highest in 3-1/2 months as traders cited tighter prompt supplies, as per Reuters.
Honam Petrochemical, South Korea's third-biggest of six naphtha crracker operators, will shut a 1 mln tpa cracker at Daesan for a month-long maintenance starting H1-October.

For more details on Naphtha cracks in Asia end previous week at highest in 3-1/2 months on tighter prompt supplies click here

PTT Pcl keen to acquire stake in Chandra Asri as part of its foreign expansion drive

PTT Pcl, Thailand's top energy firm is eager to acquire a stake in Indonesian petrochemicals producer PT Chandra Asri as part of its foreign expansion drive, as per Reuters. "This should be the startiing point for PTT to expand into the petrochemical business in Indonesia," said a source, adding PTT group was not yet in talks with the seller and had not mandated any financial adviser for the moment.

For more details on PTT Pcl keen to acquire stake in Chandra Asri as part of its foreign expansion drive click here

Minimum damage to US refineries by Irene pushes oil prices above US$85

Oil prices increased to settle above US$85 in Asia as minimum damages were observed among the refineries along the US East Coast after Irene tamed down to Tropical Storm Irene, as it hit the East Coasst of USA.

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Naphtha backwardation in Asia expected to strengthen on likely restart of Formosa's No 1 cracker

Asia's naphtha backwardation is likely to strengthen on expectations of demand rise with the possible overdue restart of Formosa Petrochemical Corp (FPCC)'s 700,000 tpa No 1 naphtha cracker at Mailiaoo sometime in September, as per ICIS.

For more details on Naphtha backwardation in Asia expected to strengthen on likely restart of Formosa's No 1 cracker click here

SK Global to begin construction of US$2.4 bln petrochemical plant in Jurong Island

South Korea's SK Global Chemical Co. is to commence construction of a US$2.4 bln petrochemical plant on Singapore's Jurong Island, as per oil news.com. Output will comprise 4 million tpa of petrochemiicals: 2.

For more details on SK Global to begin construction of US$2.4 bln petrochemical plant in Jurong Island click here

September outlook for polystyrene falters in Europe

August styrene contracts settled with an average increase of €125/ton in Europe, pushing regional sellers to seek sizeable increases in PS prices, as per Chemorbis. A major producer claims to have achhieved initial hike targets of €100-120/ton in settlements for their gentlemen's agreements in Italy, while buyers continue to wait to close deals on hopes of paying relatively smaller increases.

For more details on September outlook for polystyrene falters in Europe click here

Royal Dutch Shell mulls ethylene cracker in Appalachia

Royal Dutch Shell plans to build a new world-scale ethylene cracker in the Appalachia region of USA, in a bid to capitalize on its exposure to Marcellus Shale natural gas. Shell owns the natural gas rrights for about 700,000 gross acres in the Marcellus, mostly in Pennsylvania, as per icis.

For more details on Royal Dutch Shell mulls ethylene cracker in Appalachia click here

Air Liquide agreed with Shenhua Ningxia to build 500,000 tpa MTP plant in China

The engineering and construction unit of Air Liquide has agreed with the Shenhua Ningxia Coal Industry Group (SNCG) in China to build a 500,000 tpa methanol-to-propylene (MTP) plant. This will be the third large-scale MTP plant licensed by Air Liquide's Lurgi technology.

For more details on Air Liquide agreed with Shenhua Ningxia to build 500,000 tpa MTP plant in China click here

Oil rises as traders await Bernanke's speech

Oil prices were up significantly as traders await Federal Reserve chairman Bernanke's speech to the central bank's annual retreat, and on fears that Hurricane Irene could disrupt supplies along the Eaast Coast.

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Uzbekneftegaz awards contract to Korean consortium to build gas-chemical plant

Uzbekistan's Uzbekneftegaz has awarded US$2.6 bln contracts to build Ustyurt gas-chemical plant to a South Korean consortium comprising of GS Engineering & Construction, Samsung Engineering, Hyundai EEngineering and Korea Gas Corporation (KOGAS).

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Honeywell's UOP technology selected for propylene, cumene, phenol plant in China

UOP LLC, a Honeywell company, announced that it has been selected by Kiangs Hail Chemical Industry Co., Ltd. to provide key technologies to produce propylene, cymene and phenol at its facility in Defaang City, Kiangs Province, China.

For more details on Honeywell's UOP technology selected for propylene, cumene, phenol plant in China click here

S Korea-Kazakhstan signs agreement on power plant, petrochemical complex

South Korea and Kazakhstan agreed on two US$4 bln projects for constructing a thermal power plant and a petrochemical complex in the Central Asian nation. The thermal power plant is expected to generaate about 7% of Kazakhstan's electricity needs.

For more details on S Korea-Kazakhstan signs agreement on power plant, petrochemical complex click here

Category 3 storm with 115 mph winds at the threshold for a major hurricane could be strongest to strike US East Coast in 7 years

A Category 3 storm with winds of 115 mph at the threshold for a major hurricane, could be the strongest to strike the East Coast in 7 years, as it threatens 65 million people along the shore line fromm North Carolina to New England.

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Reorganisation at Total to lead to merger of refining and petrochemicals

French oil company Total is preparing a reorganisation to merge its refinery and petrochemical activities, as per Reuters. The reorganization, to be announced during the autumn, will lead to making thhe distribution of petrol independent from refineries and will lead to cost savings.

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Poor downstream demand leads to run cuts at LyondellBasell/Bayer's Dutch POSM unit

Operating rates at the 640,000 tpa propylene oxide styrene monomer (POSM) LyondellBasell/Bayer JV unit in Maasvlakte, the Netherlands, have been cut due to poor downstream demand. However, the currentt run rates at the unit have not been disclosed.

For more details on Poor downstream demand leads to run cuts at LyondellBasell/Bayer's Dutch POSM unit click here

July, August polypropylene demand grows 14-15% in Mexican domestic market

Polypropylene demand in the Mexican domestic market during July and August grew 14-15% over May and June, as reported by Platts. This could be attributed to an upsurge in demand at the onset of the buusy season.

For more details on July, August polypropylene demand grows 14-15% in Mexican domestic market click here

Weak buying sentiments in China to stagnate propylene spot prices

Propylene spot prices in China may not increase further on weak buying sentiments amid worries over the global economy and volatile feedstock crude prices, as per ICIS. The European debt crisis and thhe prospect of a double-dip recession in the US could affect demand for finished goods from China, which is the world's largest manufacturing and exporting hub.

For more details on Weak buying sentiments in China to stagnate propylene spot prices click here

Asian PE prices drop for September, downward pressure continues

Initial September PE prices in Asia have been announced with decreases from August, although the market remains under downward pressure as most buyers expect further decreases in the coming weeks and remain unwilling to purchase for now, as per ChemOrbis.

For more details on Asian PE prices drop for September, downward pressure continues click here

LG Chem buys three naphtha cargoes for October

LG Chem bought three naphtha cargoes for delivery to South Korea in the first half of October, as per ICIS. Two cargoes have been bought at a premium of US$4.50/ton to Japan naphtha prices and the thiird cargo at a premium of US$5/ton.

For more details on LG Chem buys three naphtha cargoes for October click here

Europe's largest used Sheet Line dealer adds to extensive

Europe's largest used Sheet Line dealer- TransXL International Limited has recently purchased a 1996 2300mm Welex co extrusion sheet line to add to its extensive range of sheet lines currently availabble for sale Ex Works Swindon.

For more details on Europe's largest used Sheet Line dealer adds to extensive click here

Egypt and Brazil analyse sustainability of jet fuel sourced from sugar cane

Sugar production firms run by the Food Industries Holding Company (FIHC) Egypt agreed in principle with state-run petrochemical companies to launch a project for producing plane fuel. The cost of the project is estimated at LE1.

For more details on Egypt and Brazil analyse sustainability of jet fuel sourced from sugar cane click here

Eastman opens new subsidiary in India as part of global growth strategy

As part of its global growth strategy, US based Eastman Chemical Company has opened a new subsidiary, Eastman Chemical India Pvt. Ltd. in Mumbai, as per Chemical Weekly.
Commenting on the move, Mr. EEdwin Williamson, Vice President and MD, Asia Pacific, said "Over the past few years, China has been our primary growth market but we need, now, to enhance also our presence in India.

For more details on Eastman opens new subsidiary in India as part of global growth strategy click here

Alfa Laval awarded compact heat exchangers order for phenol plant in China

Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - has received an order for compact heat exchangers for phenol plant in China. The order value is about SEK 50 mmillion and delivery is scheduled for 2012.

For more details on Alfa Laval awarded compact heat exchangers order for phenol plant in China click here

Eco-friendly soy based diapers and other absorbent cost competitive products

A chemistry to make diapers and other absorbent products friendlier to the environment-with the aim of making them cost competitive, has been developed by scientists at Battelle. The next step is to ccommercialize this new, green innovation- an idea that uses soybean meal to replace a third of the petroleum products currently found in such items.

For more details on Eco-friendly soy based diapers and other absorbent cost competitive products click here

Formosa shuts No. 3 cracker for maintenance while No. 1 stays idle

Taiwan's Formosa Petrochemical Corp has shut its 1.2 mln tpa No 3 cracker- the largest of its three naphtha crackers, for a 40-45 day maintenance around Aug. 15 as planned. However a decision is awaitted on restart of its offline No.

For more details on Formosa shuts No. 3 cracker for maintenance while No. 1 stays idle click here

Spike in Asian naphtha to 3 week highs supported by Brent crude, cracks strengthen

Naphtha prices in Asia have spiked to a three week high on Wednesday supported by Brent crude. Naphtha cracks hover around a 3-1/2 month high on firm sentiments, as per Reuters. South Korea's Samssung Total bought around 50,000 tons of open-spec grade naphtha at premiums of US$4-5/ton to Japan spot quotes on cost-and-freight (C&F) basis, similar to what rival LG Chem paid on Tuesday.

For more details on Spike in Asian naphtha to 3 week highs supported by Brent crude, cracks strengthen click here

Asian benzene at a dollar/ton premium to toluene prices, on rising benzene exports to USA

Asian benzene prices are at a US$1/mt premium to toluene. FOB Korea toluene marker was assessed at US$1117/mt on Tuesday, up $13.50 from Monday, while the FOB Korea benzene marker was assessed at US$11118/mt, up $20 from Monday, as per Platts.

For more details on Asian benzene at a dollar/ton premium to toluene prices, on rising benzene exports to USA click here

China's July propylene imports surge 62% on higher Saudi Arabian imports

China's propylene imports in July totaled 157,547 mt, surging 62% from 97,336 mt in June, due to a sudden influx of Saudi Arabia-origin cargoes amid downstream plant outages there, the latest data relleased Tuesday by Chinese Customs showed.

For more details on China's July propylene imports surge 62% on higher Saudi Arabian imports click here

Ahmedabad Municipal Corp to further study rules on plastics ban in various Indian cities

Though the Ahmedabad Municipal Corporation (AMC) has framed draft rules to ensure an effective plastic ban, it will further study similar rules in various Indian cities. The AMC has also organised a mmeeting of experts and manufacturers to secure feedback on how to implement the ban.

For more details on Ahmedabad Municipal Corp to further study rules on plastics ban in various Indian cities click here

Asian PVC markets indicate stable to soft trend for September

In China, overseas PVC producers have started to settle their business for September shipment cargoes this week after announcing rollovers on initial prices for Asian origins from the upper end of thee August done deal range, as per ChemOrbis.

For more details on Asian PVC markets indicate stable to soft trend for September click here

OPaL to raise additional funds upon financial closure of Dahej plant by November

In a bid to fast-track execution of its petrochemical complex at Dahej, Gujarat, ONGC Petro additions Ltd (OPaL) targets financial closure of its project by November 2011, after a lenders' meet by Sepptember-October.

For more details on OPaL to raise additional funds upon financial closure of Dahej plant by November click here

Kolkata bans less than 40 microns plastic carry bags, cups and plates, packets of gutkha and pan masala

With effect from September 9, 2011, Kolkatta is to ban plastic carry bags less than 40 microns thick, all plastic cups and plates along with plastic packets of gutkha and pan masala. The environment ddepartment appears serious about enforcing the law with the help of Kolkata Police's enforcement branch.

For more details on Kolkata bans less than 40 microns plastic carry bags, cups and plates, packets of gutkha and pan masala click here

Dow’s UNIPOL™ technology selected for Qinghai Salt Lake Industry, Co.’s PP Project

The Qinghai Salt Lake Industry Co. has selected UNIPOL™ Polypropylene Process Technology from The Dow Chemical Company (Dow) for its new 160 KTA polypropylene (PP) unit. The unit will provide PP as paart of Qinghai’s integrated magnesium metal project to produce homopolymers, random copolymers and impact copolymers.

For more details on Dow’s UNIPOL™ technology selected for Qinghai Salt Lake Industry, Co.’s PP Project click here

Nuplex acquires Acquos’s Masterbatch business

Nuplex Industries has entered into an agreement to acquire Acquos’ Masterbatch business, one of Australia’s leading providers of concentrated pigments and additives (known as 'masterbatch') to the plaastics industry.

For more details on Nuplex acquires Acquos’s Masterbatch business click here

PP sellers' firm stance for September may falter in Italy

Markets in Italy are expected to resume at full capacity by next week, as Italian players start returning to their desks from long summer vacations, as per ChemOrbis. A few sellers who are in the markket are offering steady prices compared to the pre-holiday period while suppliers prefer to wait to see the response of buyers, the majority of whom did not stock up ahead of the holidays.

For more details on PP sellers' firm stance for September may falter in Italy click here

Limited LLDPE demand from saturated and matured markets of North America and Europe

The matured markets of North America and Europe have experienced saturation levels of polyethylene linear low density (LLDPE) and the demand from these regions has been quite limited in the recent yeaars.

For more details on Limited LLDPE demand from saturated and matured markets of North America and Europe click here

Tasweeq sells first cargo of GTL Naphtha from the world's largest gas-to-liquids (GTL) plant

Qatar International Petroleum Marketing Company Ltd (Tasweeq) has sold yesterday its first cargo of GTL Naphtha, a high quality product from the world's largest gas-to-liquids (GTL) plant, Pearl GTL, located in Qatar.

For more details on Tasweeq sells first cargo of GTL Naphtha from the world's largest gas-to-liquids (GTL) plant click here

Jurong Aromatics Corp inks feedstock deals

Jurong Aromatics Corporation (JAC) has signed agreements to buy condensate as feedstock for its upcoming petrochemicals plant in Singapore, as per Reuters. The company will buy 50,000 bpd from BP Plc and 25,000 bpd each from Glencore and SK Energy for a period of seven years once the plant starts in 2014.

For more details on Jurong Aromatics Corp inks feedstock deals click here

Faced with high prices, Asian LDPE users eye metallocene LLDPE as cheaper alternative

Faced with high prices, low density polyethylene users in Asia are switching to cheaper alternatives. As a result LDPE demand has come under pressure in Asia, as per Platts.
Currently, C6 [metalloccene] LLDPE prices are half way between C4 [butane] LLDPE and LDPE prices.

For more details on Faced with high prices, Asian LDPE users eye metallocene LLDPE as cheaper alternative click here

Japan's first packaging film using biomass polyethylene

Japan's first film for use in packaging materials that uses biomass polyethylene (PE) has been developed by Toppan Printing Co., Ltd. Full-scale sales will be launched from August 2011. The new producct is a film that partially uses a raw material derived from sugarcane and has a biomass ratio of up to 40% (ratio by weight).

For more details on Japan's first packaging film using biomass polyethylene click here

Naphtha, gasoline cracks restored to three month highs

Naphtha price in Asia extended gains to reach a three-session high on Tuesday, while cracks recovered to the highest levels in about 3-1/2 months after a marginal fall on the previous day, as per Reutters.

For more details on Naphtha, gasoline cracks restored to three month highs click here

Stronger naphtha cracks bolster buying interest among Asia consumers

Stronger naphtha cracks bolstered buying interest among consumers in Asia, perking up condensate values in the Middle East crude market, as per Reuters.
Discussion for October-loading cargoes of Qattar's deodorized field condensate (DFC) saw premiums of US$2.

For more details on Stronger naphtha cracks bolster buying interest among Asia consumers click here

PE and PP grades approved for food contact applications in Brazil

EcoLogic's Eco-One additives for enhancing biodegradation of polyethylene (PE) and polypropylene (PP) have been found to be compliant to Brazil's National Health Surveillance Agency (ANVISA) Resolutioon RDC N.

For more details on PE and PP grades approved for food contact applications in Brazil click here

India and Saudi Arabia to resume talks on PP anti-dumping levies

Saudi Arabia and India plan to resume talks in September to discuss lifting of an anti-dumping levy imposed on the kingdom's polypropylene (PP) exports. Failure to reach an agreement in previously helld bilateral negotiations has attached increased importance to the next round of talks.

For more details on India and Saudi Arabia to resume talks on PP anti-dumping levies click here

Deteriorating propylene pulls down SE Asia’s PP market

Last week, spot PP prices were pulled lower in Southeast Asia in line with declining spot propylene prices on an FOB Korea basis amid widespread concerns over the health of the global economy, as per ChemOrbis.

For more details on Deteriorating propylene pulls down SE Asia’s PP market click here

Technically viable bio-based manufacturing process for dedicated, on-purpose production of butadiene

Genomatica announced successful production of pound quantities of butadiene made from renewable feedstocks. This achievement confirms the technical viability of Genomatica’s bio-based manufacturing prrocess for the dedicated, on-purpose production of butadiene.

For more details on Technically viable bio-based manufacturing process for dedicated, on-purpose production of butadiene click here

L&T bags orders worth US$889 mln in hydrocarbon sector in Asia

Larsen & Toubro Limited (L&T) has bagged three orders worth US$889 mln : two from UAE, and one from Thailand.
One order is from Abu Dhabi Gas Industries Limited (GASCO) for its Habshan-RuwaisShuweihaat (52"/48" dia) Gas Pipeline Project.

For more details on L&T bags orders worth US$889 mln in hydrocarbon sector in Asia click here

LG Chem Ltd selects KBR’s phenol technology and engineering services

KBR has been awarded a contract by LG Chem Ltd. (LG) to license KBR’s leading phenol technology for LG’s 240,000 tons per year phenol plant in Daesan, South Korea. The Daesan plant will be the second license by LG for KBR’s phenol technology.

For more details on LG Chem Ltd selects KBR’s phenol technology and engineering services click here

Construction of methanol plant by Iran and Venezuela in Assaluyeh

Iran and Venezuela have started to build a methanol unit in Assaluyeh in the southern region of Bushehr. This petrochemical complex will help the Islamic Republic to keep its uptrend in the petrochemiical sector.

For more details on Construction of methanol plant by Iran and Venezuela in Assaluyeh click here

6.6% increase in Saudi petchem exports to Asia

Despite allegations of dumping from countries such as China, Turkey and Pakistan, a 6.6% increase in Saudi Arabia's petrochemical exports to Asia has been recorded in H1-2011 as compared to H1-2010. SSaudi Arabia's total petrochemical exports increased to 14.

For more details on 6.6% increase in Saudi petchem exports to Asia click here

CPC’s No 3 retrofitted naphtha cracker to start production in Q1-2013

CPC Corp is to complete retrofitting of its ageing No 3 naphtha cracker by next June, with commercial production slated to commence in early 2013. The retrofitting will triple ethylene capacity at thee plant to 800,000 tons, and result in 20% energy saving.

For more details on CPC’s No 3 retrofitted naphtha cracker to start production in Q1-2013 click here

JAC’s petchem plant is back on track

The halted Jurong Aromatics Corporation (JAC) project, originally planned for start-up in 2011, is finally getting on track. Upon completion in 2014, the output will comprise of 2.5 mln tpa of transpoort fuels and 1.

For more details on JAC’s petchem plant is back on track click here

Formosa restarts a CDU at its 540,000 bpd refinery

Taiwan's Formosa Petrochemical Corp has restarted one of the three crude distillation units (CDU) at its 540,000 bpd refinery after it was completely shut in end July, as per Reuters. Formosa operatess three CDUs of equal capacity of 180,000 bpd.

For more details on Formosa restarts a CDU at its 540,000 bpd refinery click here

Asia's naphtha prices recover from a week low to reach a two-session high

Asia's naphtha price recovered from a week low to reach a two-session high on Monday, but
cracks eased about 1%, while intermonth spreads remained firm on tighter supplies, as per Reuters. Limited Euuropean naphtha inflows to Asia at a time when India is expected to reduce its exports next month have lent support to the market.

For more details on Asia's naphtha prices recover from a week low to reach a two-session high click here

July naphtha imports for petrochem fall in Japan

July naphtha imports in Japan for the petrochemical sector fell 9.7% in July 2011 from July 2010, marking the fifth consecutive month of year-on-year decline after a massive earthquake in March.
Impports of naphtha for ethylene production amounted to 1,800,893 kilolitres (1,234,751 tons) in July 2011, as per the Ministry of Economy, Trade and Industry.

For more details on July naphtha imports for petrochem fall in Japan click here

Hopes that fighting in Libya will end soon impacts oil prices

By late afternoon in London, Brent crude fell to US$107.1, while US sweet, light crude rose to US$83.1. News of rebels marching into Tripoli could result in an end to the strife in Libya and bring bacck Libyan crude to the markets (1.

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Government orders Formosa to suspend use of four more pressure tanks at Mailiao

In addition to two pressure tanks that have been shut, the Taiwanese government has ordered Formosa Plastics Group to suspend use of four more pressure tanks at Mailiao petrochemical complex. The shutt down, with effect from mid-August, is of the tanks run by Formosa Petrochemical and Formosa Chemicals & Fibre, and has been triggered by fear that the materials of the tanks are prone to explosion.

For more details on Government orders Formosa to suspend use of four more pressure tanks at Mailiao click here

Long fibre PPcompounds drive automotive innovation

The use of both granule LFT PP (LFT-G) and direct compounding and moulding in-line of LFT PP (LFT-D) along with its use by vehicle around the world has been discussed in a report by AMI Consulting. Thhe result is a comprehensive analysis of LFT PP by application, OEM and geographical region.

For more details on Long fibre PPcompounds drive automotive innovation click here

Haldia Petrochemicals in talks with Reliance to mull market segregation

Haldia Petrochemicals Ltd (HPL) is in talks with Reliance Industries Ltd for market segregation, and is also trying to enhance its focus on markets in East India by widening its product range with thee inclusion of low-density polyethylene (LDPE).

For more details on Haldia Petrochemicals in talks with Reliance to mull market segregation click here

KPC sells over 100,000 tons of full-range naphtha at a premium of US$18-19

Kuwait Petroleum Corp (KPC) has sold over 100,000 tons of full-range naphtha for September 10-20 loading at a premium of US$18-19/ton, reflecting a nearly 55-60% increase from its previous sales premiiums.

For more details on KPC sells over 100,000 tons of full-range naphtha at a premium of US$18-19 click here

US polyethylene makers begin to push August increase to September

Ample competitiveness has pushed US polyethylene producers to defer their 5 cents/lb price hike for August to September, as per Platts. ExxonMobil was said to be the first producer to give up on the iincrease and others have followed, as demand does not seem strong enough to support the August increase.

For more details on US polyethylene makers begin to push August increase to September click here

Premium between GPPS and HIPS widens in China

The premium between GPPS and HIPS prices has widened steadily over the past year In China, as per ChemOrbis. Higher HIPS production costs as well as relatively better demand for HIPS from the home apppliances industry were cited as the main reasons for this rise.

For more details on Premium between GPPS and HIPS widens in China click here

Premium between GPPS and HIPS widens in China

The premium between GPPS and HIPS prices has widened steadily over the past year In China, as per ChemOrbis. Higher HIPS production costs as well as relatively better demand for HIPS from the home apppliances industry were cited as the main reasons for this rise.

For more details on Premium between GPPS and HIPS widens in China click here

No PCPIR in West Bengal

The new state government in West Bengal has decided to scrap the proposed petroleum, chemicals and petrochemicals investment region (PCPIR) on Nayachar island in Bengal's East Midnapore district on ennvironmental grounds.

For more details on No PCPIR in West Bengal click here

BASF to invest over US$700 mln in an acrylic acid plant in Brazilian state of Bahia

The Brazilian unit of German chemical giant BASF plans to invest Euros 500 mln (over US$700 mln) in an acrylic acid plant in the northeastern Brazilian state of Bahia. An agreement has been inked withh Brazil's Braskem, Latin America's largest petrochemical company, for supply of feedstock propylene and soda.

For more details on BASF to invest over US$700 mln in an acrylic acid plant in Brazilian state of Bahia click here

Saudi packaging industry expected to reach US$5.5 bln in 2015

The Saudi packaging industry, which was valued at US$4.4 bln in 2010, is expected to reach US$5.5 bln in 2015. The industry is expected to grow at a CAGR (Compound Annual Growth Rate) of 4.58% during 2011-15, largely driven by change in consumer lifestyle and growing consumption in the food and beverage sector.

For more details on Saudi packaging industry expected to reach US$5.5 bln in 2015 click here

Naphtha cracks rise in Asia, premiums rise in the Middle East

Naphtha prices in Asia dipped to a week low at the end of last week, but cracks stayed firm at their highest level in 3-1/2 month on tighter supplies amid healthy demand, as per Reuters. Spot premiiums for cargoes lifting September from United Emirates and Kuwait spiked by 55-60% as compared with premiums for cargoes for August lifting.

For more details on Naphtha cracks rise in Asia, premiums rise in the Middle East click here

Technip wins FEED contract to expand Laffan refinery

French company Technip has won the Front End Engineering Design (FEED) contract to design a capacity-doubling expansion of Qatargas' Laffan condensate refinery aiming to raise its export of refined prroducts to Asia and Europe.

For more details on Technip wins FEED contract to expand Laffan refinery click here

Sumitomo Chemical- Jilin Xindongtai joint venture to produce PP

Sumitomo Chemical Co., Ltd. (Sumitomo Chemical) and Jilin Xindongtai Engineering Plastics Co., Ltd. (Xindongtai), a Chinese plastic compound producer, established a joint venture company for the manuffacture and sale of polypropylene (PP) compounds for automotive applications.

For more details on Sumitomo Chemical- Jilin Xindongtai joint venture to produce PP click here

6% loss on US crude oil prices due to the fear of recession

After a recent drop in global stock market, crude oil prices in US reduced by 6%, as traders worry about the warning of a fresh recession that could crash energy demand. The price drops came after Morrgan Stanley issued a report that said the US and Europe are treacherously close to recession and that growth in the big emerging economies would be slower than it was expected earlier.

For more details on 6% loss on US crude oil prices due to the fear of recession click here

PP prices in China almost at par with propylene

Spot homo-PP prices in China have been trading close to par with spot propylene prices on an FOB Korea basis since the beginning of August, resulting in significantly squeezed margins for non-integratted producers, as per ChemOrbis.

For more details on PP prices in China almost at par with propylene click here

As MidEast supply falls, LyondellBasell seeks additional polypropylene from South Korean JV

As supply from the Middle East falls, LyondellBasell is seeking additional polypropylene allocation from its South Korean joint venture Polymirae, as per Platts. Al-Waha Petrochemicals, LyondellBaselll's joint venture with Sahara Petrochemicals in Saudi Arabia, was forced to shut its 450,000 tpa PP plant from July 16 to August 2.

For more details on As MidEast supply falls, LyondellBasell seeks additional polypropylene from South Korean JV click here

HPCL to revive Vizag refinery cum petrochem project- in talks with BP, Total

In a bid to revive the delayed US$10 bln refinery cum petrochem project planned at Vizag, Hindustan Petroleum Corp Ltd (HPCL) is in talks with BP Plc and Total SA of France. Both the foreign partners seem to have renewed interest in the project, and the Mittal group is likely to return.

For more details on HPCL to revive Vizag refinery cum petrochem project- in talks with BP, Total click here

S-Oil sells 33,000 tons of light naphtha to Japan at premiums

South Korea's S-Oil has sold 33,000 tons of light naphtha for Sept. 15-27 loading from Onsan to a Japanese trader at premiums of around US$3.50/ton to Japan quotes on a free-on-board (FOB) basis, as pper Reuters.

For more details on S-Oil sells 33,000 tons of light naphtha to Japan at premiums click here

Increased naphtha buying by Petrobras from North Africa increases pressure in the Mediterranean

Brazil's Petrobras is ramping up its purchases of North African naphtha, adding to pressure in the Mediterranean markets, as per Reuters. The Mediterranean is faced with tight supplies because of lostt Libyan output and the export of nearly 100,000 tons from Russia to Asia this month.

For more details on Increased naphtha buying by Petrobras from North Africa increases pressure in the Mediterranean click here

Honam pays highest premium paid in South Korea in 3.5 months for 50,000 tons of naphtha

South Korea's Honam Petrochemical bought 50,000 tons of naphtha at around US$2/ton above Japan quotes on a cost-and-freight (C&F) basis, highest premium paid in the country in 3-1/2 months, as per Reuuters.

For more details on Honam pays highest premium paid in South Korea in 3.5 months for 50,000 tons of naphtha click here

MOEA stumps plans by 4 Taiwanese petrochem majors to invest in China's Fujian province

Inking of an agreement by four petrochemical companies in Taiwan with Chinese partners for a proposed petrochemical project in Fujian Province by 2015, at the earliest; has met with opposition from thhe Ministry of Economic Affairs (MOEA).

For more details on MOEA stumps plans by 4 Taiwanese petrochem majors to invest in China's Fujian province click here

Egyptian EPC’s hike opens arbitrage window for American PVC cargoes

Egypt's domestic petrochem maker - EPC announced EGP250/ton ($42/ton) increases on PVC k67-68 and 70 offers at the beginning of this week, as per ChemOrbis. The increase decision was not surprising giiven the fact that the producer’s previous prices were trading US$40-60/ton below the distribution market.

For more details on Egyptian EPC’s hike opens arbitrage window for American PVC cargoes click here

Stronger propylylene market make Hyundai's Daesan RFCC switch to propylene production mode

With effect from this month, South Korean Hyundai Oilbank's new 52,000 bpd residue fluid catalytic cracker at its Daesan refinery is gradually switching to propylene production from gasoline productioon, as per Platts.

For more details on Stronger propylylene market make Hyundai's Daesan RFCC switch to propylene production mode click here

Fluor awarded EPC contract by SAPCo

Fluor Corporation has been awarded an engineering, procurement and construction (EPC) contract by SAPCo, a joint venture company being formulated between Saudi Acrylic Acid Company and Evonik Industriies, for its Super Absorbent Polymer Project (SAP) in Jubail, Saudi Arabia.

For more details on Fluor awarded EPC contract by SAPCo click here

South Korea’s Daelim likely victor for Sadara Chemical construction projects

South Korea's Daelim Industrial is on the lead to clinch the deal to build parts of Sadara Chemicals- a petrochemical complex owned by state oil giant Saudi Aramco and Dow Chemical, at an investment ooutlay of US$20 bln, as per Reuters.

For more details on South Korea’s Daelim likely victor for Sadara Chemical construction projects click here

Production at Samsung's expanded 400,000 tpa PTA line to commence earlier than scheduled

South Korea's Samsung Petrochemical will pre-schedule commencement of production in September or October at its newly improved 400,000 tpa purified terephthalic acid (PTA) line in Ulsan, as per Plattss.

For more details on Production at Samsung's expanded 400,000 tpa PTA line to commence earlier than scheduled click here

Softening trend in naphtha, improved product prices boost operating profit at HPL

Decreasing naphtha prices along with stronger product prices have contributed to higher operating profit in July for Haldia Petrochemicals Ltd (HPL) as per thehindu.com. HPL sources 75% o its naphtha requirement as imports.

For more details on Softening trend in naphtha, improved product prices boost operating profit at HPL click here

Sunoco’s plan to sell Ohio phenol plant to Goradia Capital LLC affliate

Sunoco, Inc. has reached a definitive agreement to sell its phenol manufacturing facility in Haverhill, Ohio, to Haverhill Chemicals LLC, an affiliate of Goradia Capital LLC. The transaction is subjecct to regulatory approval and customary closing conditions and is expected to be completed by the end of 2011.

For more details on Sunoco’s plan to sell Ohio phenol plant to Goradia Capital LLC affliate click here

Germany’s IK opposes EU’s decision of ban on plastic carrier bags

The EU commission wants to enforce a ban of plastic carrier bags all over Europe as quickly as possible, due to the extensive pollution caused by thrown away plastic carrier bags and the endangering oof land and sea animals.

For more details on Germany’s IK opposes EU’s decision of ban on plastic carrier bags click here

Dalian Fujia starts shutting down 700,000 tpa PX plant

Dalian Fujia Petrochemical Co Ltd has begun shut down procedure of its 700,000 tpa paraxylene plant following orders of Chinese authorities after thousands of local residents demonstrated, demanding rrelocation of the factory at the center of a toxic spill scare, as per Reuters.

For more details on Dalian Fujia starts shutting down 700,000 tpa PX plant click here

Disappointing outcome of meeting between French and German leaders tanks oil prices

Crude oil prices plunged by over a dollar, after a meeting between French and German leaders failed to relieve worries about the euro zone debt crisis. Heads of State of France and Germany proposed a tax on financial transactions and closer joint governance of economic policy, but did not propose increasing the euro zone bailout fund or selling euro zone bonds.

For more details on Disappointing outcome of meeting between French and German leaders tanks oil prices click here

Marginal gains in US ethylene margins using E/P mix and ethane as feedstocks

US ethylene margins using E/P mix and ethane as feedstocks showed marginal gains for the week ending Aug. 12. Platts also reported that propane dipped slightly and light naphtha fell off its shortliveed reign as the highest-yielding crack.

For more details on Marginal gains in US ethylene margins using E/P mix and ethane as feedstocks click here

Oil up by a dollar as Eurozone optimism boosts markets

Oil rose by about a dollar at the beginning of the week, supported by hopes that leaders in Europe will come up with solutions to the region's debt crisis. Oil prices have weakened with concerns aboutt the euro zone crisis amid a series of poor economic US data.

For more details on Oil up by a dollar as Eurozone optimism boosts markets click here

Ramadan, container shortage, delays in shipping of polymers from the Middle East

Port congestion and a lack of container space in Saudi Arabia and the United Arab Emirates are causing delays of shipment of polymer resins from these countries. Platts estimates shipments to be delayyed for a few weeks to a month, but noted that it is usual during Ramadan.

For more details on Ramadan, container shortage, delays in shipping of polymers from the Middle East click here

Weakening PVC outlook weighs down on VCM in Asia

Few VCM deals for August delivery were reported at US$900-910/ton for South Korean and Japanese origins on CFR Far East Asia basis, representing decreases of US$40-50/ton when compared to the initial August announcements at US$950/ton, and a mostly steady trend when compared to the July done deal level at US$900/ton, as per ChemOrbis.

For more details on Weakening PVC outlook weighs down on VCM in Asia click here

Naphtha prices rise, cracks at 2-week high

Naphtha prices in Asia have risen for the fourth consecutive session to reach a near 14-day high on Tuesday, while cracks were at a two-week high as sentiment stayed firm on lower supplies ahead, as pper Reuters.

For more details on Naphtha prices rise, cracks at 2-week high click here

Alfa Laval wins SEK 110 million heat exchanger order in Singapore

Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - has received an order to supply Alfa Laval Packinox heat exchangers to a petrochemical plant in Singapore. Thee order value is about SEK 110 million and delivery is scheduled for 2012.

For more details on Alfa Laval wins SEK 110 million heat exchanger order in Singapore click here

Rebound expected in US spot ethylene prices as major turnarounds draw nearer

US spot ethylene prices were expected to rebound to mid 60-cent/lb territory over the next couple of weeks as major turnarounds near, as per Platts.
After opening August particularly strongly -- tradding as high as 64.

For more details on Rebound expected in US spot ethylene prices as major turnarounds draw nearer click here

A step closer to cheaper plastic solar cells and electronics with a new polymeric material

A new polymeric material that can be used in new age plastic electronics as well as plastic solar cells could result in greater cost-savings and open up new design options. A*STAR's IMRE has developedd a new polymer that not only produces a high charge mobility of 0.

For more details on A step closer to cheaper plastic solar cells and electronics with a new polymeric material click here

Start up of PET MTR® plant at Alco-Naphtha JSC in Kaliningrad

Uhde Inventa-Fischer and Alco-Naphtha JSC started up the first state-of-the-art, energy-efficient MTR® plant for the production of high-quality PET to be built on European soil, in the spring of 2011..

For more details on Start up of PET MTR® plant at Alco-Naphtha JSC in Kaliningrad click here

Between 2008 and 2009 revenue of thermoplastics compounding industry fell by over 20%

The full effect of the global recession on the thermoplastics compounding industry is well documented in AMI's latest report, which shows that between 2008 and 2009 revenue dropped on average by over 20%.

For more details on Between 2008 and 2009 revenue of thermoplastics compounding industry fell by over 20% click here

Changing face of the injection moulding industry in Europe

Injection moulding industry in Europe is changing, as per Applied Market Information Ltd. (AMI), based on its databases of injection moulders for France, the UK and Spain and Portugal.
For France annd the UK there has been a notable drop in the number of businesses operating.

For more details on Changing face of the injection moulding industry in Europe click here

L&T Heavy Engg to export four reactors to OMPL

Larsen & Toubro (L&T) Heavy Engineering has accomplished an esteemed project of manufacturing four critical reactors for ONGC’s Mangalore Petrochemicals Limited (OMPL) complex in India. The joint ventture between India’s L&T and The Zubair Corp.

For more details on L&T Heavy Engg to export four reactors to OMPL click here

Orissa's Jagatsinghpur airport to provide air connectivity to PCPIR project

Orissa's Jagatsinghpur district is likely to have its own airport at Erasama, which will provide air connectivity to the ambitious Petroleum Chemicals and Petrochemical Investment Region (PCPIR) projeect at Paradip.

For more details on Orissa's Jagatsinghpur airport to provide air connectivity to PCPIR project click here

Tesing looming time for Yansab in Q3 and Q4

Saudi Arabia's Yanbu National Petrochemical (Yansab) could face challenges in Q3 & Q4 due to fall in oil prices triggered by a slowing US economy and the worsening European debt crisis. The unit of Saaudi Basic Industries is expected to suffer declines in product prices of 7% in Q3 and 3% in the Q4 as Brent crude continues on a downtrend.

For more details on Tesing looming time for Yansab in Q3 and Q4 click here

Fear in petchem industry due to the looming closure of China's Fujia Dahua

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Chinese authorities have ordered Fujia Dahua's 700,000 tpa paraxylene plant to shut down immediately after local residents demanded the plant to be shut and relocated due to fears of toxic spills. Thee protesters demanded a clear timetable for moving the plant, as per Platts.

For more details on Fear in petchem industry due to the looming closure of China's Fujia Dahua click here

Japan: Restart of two crackers results in 8% increase in July ethylene production

After the restart of two steam crackers owned by Mitsubishi Chemical, Japan's ethylene production for July rose 8% from a month earlier to 566,000 mt, but dropped 4.7% in the July 2010, as per the Minnistry of Economy, Trade and Industry.

For more details on Japan: Restart of two crackers results in 8% increase in July ethylene production click here

Oil dips to linger around US$87 with the end of weeklong rally

Benchmark oil for September delivery dipped to US$87.4 on the Nymex. In London, Brent crude for October delivery dipped to US$109.4 on the ICE Futures exchange. Oil prices witnessed a marginal dip to linger near US$87 a barrel, arresting a week long rally.

For more details on Oil dips to linger around US$87 with the end of weeklong rally click here

Gap between ethylene and propylene falls in Asia as spot propylene falls

Spot propylene prices have recorded steeper decreases over the past week when compared with spot ethylene prices in Asia, as per ChemOrbis. The comparatively large declines in spot propylene prices haave helped narrow the gap between propylene and ethylene prices, which had reached its largest level in over a year earlier this month when spot propylene prices were trading with a premium of US$400/ton when compared with spot ethylene prices.

For more details on Gap between ethylene and propylene falls in Asia as spot propylene falls click here

Dalian Fujia continues operating 700,000 tpa paraxylene plant despite orders of shutdown

Dalian Fujia Petrochemical Co Ltd. continues operating its 700,000 tpa paraxylene plant normally despite an order by the local government to close the plant on concerns of a toxic spill scare. Largelyy peaceful and white-collar protesters have demanded a clear timetable for moving the plant, with some refusing to leave until a plan was ready.

For more details on Dalian Fujia continues operating 700,000 tpa paraxylene plant despite orders of shutdown click here

Polyolefin trade in Africa slows on seasonal factors, reduced supplies

Trade has almost come to a halt in Africa's polyolefin markets this week as a result of seasonal factors and reduced supply, as per ICIS. Unfavourable exchange rates and high offers have also limited sales in the market for polyethylene (PE) and polypropylene (PP), which mainly rely on imports.

For more details on Polyolefin trade in Africa slows on seasonal factors, reduced supplies click here

Authorities to decide on shifting Fujia PX plant following fears of toxic leakage

Authorities of the Dalian city, east China, are to arrive at a final decision to shift the Fujia paraxylene (PX) plant, following fears of toxic leakage after last week's breach of an embankment. Troppical storm Muifa resulted in huge sea waves that hit the coast.

For more details on Authorities to decide on shifting Fujia PX plant following fears of toxic leakage click here

SOCAR's US$5 bln refinery to reduce Turkey's dependence on oil imports

Upon completion of ?zmir's Alia?a oil refinery field, Turkey's dependence on oil and oil products will be reduced by billions of dollars per year, as per todayszaman.com. Construction of the US$5 bln Petkim Alia?a refinery is expected by 2015, with total oil extraction capacity at about 10 million tpa.

For more details on SOCAR's US$5 bln refinery to reduce Turkey's dependence on oil imports click here

Credit offered by polymer traders to encourage buying amid low cashflow

In a bid to encourage buying amid low cash flows, polymer traders are seeking ways to spur trading activity. As credit and cashflow tightens in China, sellers are increasingly agreeing to credit termss of up to 90 days, as per Platts.

For more details on Credit offered by polymer traders to encourage buying amid low cashflow click here

Cracks in Asia at 5 week highs, Formosa to restart 540,000 bpd refinery

Gasoline cracks in Asia rose to a five-week high on Thursday on the back of tight prompt supplies and firm demand from two of its largest importers-Indonesia and Vietnam, as per Reuters. But the firm sentiment may soften as Formosa readies to restart its 540,000 bpd refinery, shut since end-July following a fire at a secondary unit, which tightened supplies.

For more details on Cracks in Asia at 5 week highs, Formosa to restart 540,000 bpd refinery click here
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Contradictory movement in benzene, styrene margins in Europe amid weak styrene demand

Contradictory profit margins in benzene and styrene production chain has been seen in North West Europe, amid strong demand for benzene due to strong prompt demand for benzene supports prices, with baackwardation in the benzene market steepening as a result; and deteriorating styrene market where economic weakness is denting demand, as per Platts.

For more details on Contradictory movement in benzene, styrene margins in Europe amid weak styrene demand click here

Sibur Holding acquires JSC Acrylate of Dzerzhinsk, consolidates acrylic acid, derivative production

Russian petrochemicals giant Sibur Holding has consolidated production of acrylic acid and its derivatives with its purchase of JSC Acrylate of Dzerzhinsk, Russia, as per Prw.com. The JSC Acrylate plaant is capable of manufacturing up to 25,000 tpa of ester grade acrylic acid, 36,000 tpa of heavy ester butyl acrylates and 10,000 tpa of light ester methyl and ethyl acrylates.

For more details on Sibur Holding acquires JSC Acrylate of Dzerzhinsk, consolidates acrylic acid, derivative production click here

Global EDC market to grow at 3.5-4%, driven by high demand from Asia, Central and East Europe

The matured markets for ethylene dichloride (EDC) in the developed countries of Western Europe and Northern America have seen slight declines during last 4-5 years. These markets add up little to the ethylene dichloride world market growth rates of 3.

For more details on Global EDC market to grow at 3.5-4%, driven by high demand from Asia, Central and East Europe click here

IOC’s Paradip refinery expected to start in Q1-2013, a year behind schedule

State-owned Indian Oil Corporation’s (IOC) Paradip Refinery in Orissa is expected to be completed one year after the pre-decided schedule in Q1-2013. This delay could pose some tax problems for IOC. TThe seven year income tax holiday for the refining sector ends next year.

For more details on IOC’s Paradip refinery expected to start in Q1-2013, a year behind schedule click here

Sterling Chemicals acquired by Eastman Chemical Company

Eastman Chemical Company has completed acquisition of Sterling Chemicals, Inc., a single site North American petrochemical producer, for US$100 mln in cash. This acquisition includes Sterling’s plastiicizer and acetic acid manufacturing assets in Texas City, Texas.

For more details on Sterling Chemicals acquired by Eastman Chemical Company click here

Oil rises for a second day, US jobs data lifts

Positive data about US jobless benefit claims calmed investors, reducing some of the worries about the euro zone crisis, the US credit downgrade and weak economic data that weighed on markets over thee past week.

For more details on Oil rises for a second day, US jobs data lifts click here

HDPE losing its premium over ethylene in China

The premium separating spot HDPE film prices on a CFR China basis from spot ethylene prices in Asia has begun to narrow once again after having maintained a healthy premium over the past 8 weeks, as pper ChemOrbis.

For more details on HDPE losing its premium over ethylene in China click here

Developments in wind turbine blade manufacturing

Wind turbine blade manufacturing is a developing business as the wind energy industry looks to have fewer, larger turbines offshore, which presents performance challenges for composite materials. The situation is complicated by the cost pressures in the renewable energy markets, wanting turbines at a cheaper price, so some of the types of technology used in aerospace are not cost-effective here.

For more details on Developments in wind turbine blade manufacturing click here

West Virginia's venture capital fund invests US$250,000 in Aither Chemicals to produce petrochemicals from shale gas

Aither Chemicals, a company formed to produce petrochemicals from the ethane in the "wet" Marcellus shale gas extracted in northern West Virginia, has received a commitment of US$250,000 from the statte's venture capital fund - West Virginia Jobs Investment Trust.

For more details on West Virginia's venture capital fund invests US$250,000 in Aither Chemicals to produce petrochemicals from shale gas click here
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Sipchem defers VAM plant shutdown to Sep-Oct

Saudi International Petrochemical Company (Sipchem) has postponed a shutdown of its 330,000 tpa vinyl acetate monomer plant once again in Jubail to September-October, as its catalyst is working betterr than anticipated and also due to firm demand, as per Platts.

For more details on Sipchem defers VAM plant shutdown to Sep-Oct click here

Borealis delivers strong Q2-2011 results despite softening market environment

Borealis has announced a net profit of E168 mln for the Q2-2011, an increase of E76 mln compared to Q2-2010. This results in a net profit of E 341 million for H1-2011 compared to E146 million during tthe same period in 2010.

For more details on Borealis delivers strong Q2-2011 results despite softening market environment click here

DuPont's Texas plant honored for energy-efficiency improvements that saved 540 bln btu

DuPont packaging and industrial polymers site in Orange County, Texas, has been honored by the American Chemistry Council for energy-efficiency improvements that saved about 540 billion btu. The Orangge plant is DuPont's largest manufacturing site in Texas and makes ethylene copolymers, such as Surlyn ionomer resin and Vamac ethylene acrylic elastomers, which are used for packaging, automotive components, construction materials and other everyday items.

For more details on DuPont's Texas plant honored for energy-efficiency improvements that saved 540 bln btu click here

Asian propylene market pulled lower

In Asia, propylene costs started to react to the dramatic decreases in oil prices, which plunged below the US$80/bbl threshold early this week, as per ChemOrbis. The biggest reaction was seen yesterdaay, as spot propylene shed a hefty US$80/ton on FOB Korea basis.

For more details on Asian propylene market pulled lower click here

Successful large-scale test for Bayer's gas phase phosgenation technology fro TDI manufacturing

Bayer MaterialScience has successfully tested its innovative gas phase phosgenation technology at a new plant being commissioned for the manufacture of toluene diisocyanate (TDI), a raw material for ppolyurethane manufacture, at its integrated production site at Caojing in Shanghai, China.

For more details on Successful large-scale test for Bayer's gas phase phosgenation technology fro TDI manufacturing click here

Dalian authorities mull relocation of PX plant following toxic spill fears

Authorities in Dalian city will decide on relocation of a paraxylene project following fears of toxic spill sparked by a dike breach earlier this week, as per Crienglish.com. Tropical storm Muifa off the coast of Liaoning Province produced sea waves that broke a dike in the Jinshan Industrial Zone in Dalian and threatened to strike the Fujia chemical plant situated 50 meters behind the dike.

For more details on Dalian authorities mull relocation of PX plant following toxic spill fears click here

Indorama's acquisition of 5% equity in Eleme Petrochemicals from government halted by Senate

A senate ad hoc committee investigating the sale of government investments through privatisation has ordered the Bureau of Public enterprise to stop the sales of federal government's equity in Eleme PPetrochemicals to Indorama, s per dailytimes.

For more details on Indorama's acquisition of 5% equity in Eleme Petrochemicals from government halted by Senate click here

Ban on plastics bags in Australia's Northern Territory from September 1, 2011

Akin to the approach adopted by South Australia, the Northern Territory legislation will prohibit the supply by retailers of plastic bags with handles that are made of polyethylene polymer less than 335 microns thick.

For more details on Ban on plastics bags in Australia's Northern Territory from September 1, 2011 click here

Naphtha in Asia falls, cracks show marginal recovery amid muted spot deals in South Korea

Outright naphtha price in Asia fell to a 6 week low on Wednesday with cracks recovering marginally to reach a three-session high, but spot deals in South Korea remained muted, as per Reuters.
A lighht grade naphtha cargo for H1-September arrival was bought by Malaysia's Titan at a premium of about 50 cents to Japan spot quotes on a cost-and-freight (C&F) basis.

For more details on Naphtha in Asia falls, cracks show marginal recovery amid muted spot deals in South Korea click here

Azerikimya's ethylene-propylene plant shut for capital repairs

State Oil Company of Azerbaijan (SOCAR) has shut ethylene-propylene plant of its chemical sub-company Azerikimya for about a month for capital repairs. Continuing until early September, the repair willl encompass technological, mechanical and electrical equipment, including automation systems, and will involve specialized teams of mechanical & repair, repair & construction and transport departments of Azerikimya.

For more details on Azerikimya's ethylene-propylene plant shut for capital repairs click here

Dow’s Olympic stadium wrap designed to become the visual centerpiece of the London 2012 Games

The London Organizing Committee of the Olympic Games and Paralympic Games (LOCOG) have collaborated with The Dow Chemical Company to produce a sustainable, fabric wrap that will encircle London's iconnic Olympic Stadium during the Olympic and Paralympic Games.

For more details on Dow’s Olympic stadium wrap designed to become the visual centerpiece of the London 2012 Games click here

EPA to register antimicrobial additives for use in USA

Environmental Protection Agency (EPA) has registered NanoBioMatters’ BactiBlock® antimicrobial polymer preservative for use in USA. BactiBlock® is a very robust and cost effective solution based on ssilver-functionalized clay and is intended to hold back the growth of algae, mold, mildew, fungi and bacteria, which cause deterioration, odors, corrosion and stains in polymer-based products.

For more details on EPA to register antimicrobial additives for use in USA click here

Crude oil prices continue to weaken

Crude for September delivery fell by over two dollars to US$79.30 on the Nymex, the lowest settlement since Sept. 29 2011. Prices are falling amid stock market volatility, the first-ever downgrade of the nation’s credit rating by Standard & Poor’s and a slowing economy.

For more details on Crude oil prices continue to weaken click here

Plunging oil, economic outlook keep polymer players on the edge

Crude oil has been on a freefall for the past few days following an unprecedented US credit rating cut announced last weekend, as per ChemOrbis. Stock and energy markets have reacted to this news withh serious losses across the world amidst speculations that the US is headed for a renewed recession.

For more details on Plunging oil, economic outlook keep polymer players on the edge click here

Honeywell's UOP & Foster Wheeler Technology selected for Oman Refinery expansion

Oman Oil Refineries and Petroleum Industries (Orpic) has selected UOP/Foster Wheeler technology to help process heavy oil and expand fuel and petrochemicals production at a refinery in Sohar, Oman. Orrpic will use the UOP/Foster Wheeler Solvent Deasphalting (SDA) process technology to convert heavy crude to low-contaminant deasphalted oil, a product that is further processed in refineries to produce liquefied petroleum gas (LPG), gasoline, jet fuel, diesel and propylene.

For more details on Honeywell's UOP & Foster Wheeler Technology selected for Oman Refinery expansion click here

Shifting feedstock slate in USA could provide propylene, PP export opportunity for South Korea

Ethane-rich natural gas discoveries in US shale gas is triggering a shift by US olefin producers to lighter feedstocks. The shale gas plays have changed the feedstock dynamics to 87% ethane and 13% naaphtha m fro70% ethane feedstock and 30% naphtha.

For more details on Shifting feedstock slate in USA could provide propylene, PP export opportunity for South Korea click here

European Commission approves Rhodia's acquisition by Solvay

Solvay and Rhodia announced that the European Commission has approved the acquisition of Rhodia by Solvay. Following this approval, the French Financial Markets Authority AMF has set the closing datee of the friendly public takeover bid on Wednesday 24 August 2011 (included).

For more details on European Commission approves Rhodia's acquisition by Solvay click here

Formosa's Polyethylene and EVA plants shut

Formosa Plastics Corp (FPC) has shut its polyethylene (PE) and ethylene vinyl acetate (EVA) units at Mailiao complex as a cautionary measure following a fire at the site late on 26 July.
The affectedd facilities comprise a 264,000 tpa linear low density PE (LLDPE) plant, a 350,000 tpa high density PE (HDPE) unit and a 240,000 tpa low density PE (LDPE)/EVA swing plant.

For more details on Formosa's Polyethylene and EVA plants shut click here

Softer energy costs exert downward pressure on domestic PE prices in China

Over the past few days, China's PE market has begun to change direction, as plunging energy costs have weakened sellers' confidence, as per ChemOrbis. Some traders are mulling to pare down their stockks out of fears of further price declines in the days ahead.

For more details on Softer energy costs exert downward pressure on domestic PE prices in China click here

Dow Plastics Additives to expand at its Grangemouth, Scotland, manufacturing facility

Dow Plastics Additives, a business unit of The Dow Chemical Company, announced the construction of additional equipment to both expand capacity and advance its technology at its Grangemouth, Scotland,, manufacturing facility today.

For more details on Dow Plastics Additives to expand at its Grangemouth, Scotland, manufacturing facility click here

India's JBF to build 390,000 tpa PET Plant at BP's Geel site

BP PLC and Indian polyester manufacturer JBF Group have inked a deal for feedstock supply by the UK energy giant to a new manufacturing unit to be built by JBF, as per Dow Jones Newswire. The long-terrm supply deal is for BP-produced purified terephthalic acid (PTA), which will be used by JBF in the manufacture of polyethylene terephthalate (PET).

For more details on India's JBF to build 390,000 tpa PET Plant at BP's Geel site click here

Petro Rabigh expects to resume production in time for the peak polymer demand season in the Middle East

Petro Rabigh expects to resume complete production at its petrochemical complex by mid-August, just in time for the peak polymer demand season in the Middle East. As per Saudi Gazette, the company resstarted its high olefins fluid catalytic cracker (HOFCC) on July 31 after a prolonged maintenance, with its Rabigh petrochemical complex set to achieve full operational capacity by Aug.

For more details on Petro Rabigh expects to resume production in time for the peak polymer demand season in the Middle East click here

A downtrend continues in Asian petrochemical shares on concerns over the global economy

Asian petrochemical company shares continued to fall on Monday morning on concerns that the global economy, still recovering from a major downturn, will slip back into recession, as per ICIS. At 11:000 hours Singapore time Japan's petrochemical majors dipped- Mitsui Chemicals was down 2.

For more details on A downtrend continues in Asian petrochemical shares on concerns over the global economy click here

Caution prevails in Asian markets, marginal dip in naphtha cracks

Naphtha prices in Asia fell to a two-session high on Monday, while cracks dipped. However, this dip was less than 1%, as per Reuters, but worries abound that consumer demand could slump if recession hhits and that would sharply impact petrochemicals.

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July oil imports fall in Taiwan after latest fire at Formosa

A 27% fall in July crude oil imports was seen in Taiwan, which imports over 99% of its crude oil needs. This fall can be attributed to reduced processing capacity caused by a fire at end of July, and subsequent shutdown at Formosa.

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H1-2011 profits more than double at PETRON on petrochem sales

Petron Corp. reported more than double profits in H1-2011 on account of substantial revenue growth. Petron earnings spiked P6.04 bln from P2.96 bln in H1-2010, mainly due to its diversification into ppetrochemicals.

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Decline of US rating reflects in sinking oil prices

Crude prices fell to US$84 a barrel in Asia after Standard & Poor lowered the U.S. credit rating that shook market confidence that could negatively impact economic growth and demand for crude. New Yorrk’s main contract light sweet crude for September delivery tumbled by over two dollars to US$84.

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Polyurethane degrading organisms discovered in Amazon rainforest

Organisms in Amazon rainforest fungi that can degrade polyurethanes have been discovered by Yale University students, as featured in the journal “Applied and Environmental Microbiology.” According to the researchers this discovery could lead to innovative ways to reduce landfill waste.

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NW European benzene markets could find support despite deteriorating upstream prices

The Northwest European benzene market is likely to remain supported in August despite the sharp fall in upstream markets over the last two days, as per Platts. Since trading at US$1322/mt for 1,000 mtt CIF ARA August barges Tuesday, prices have dipped by a minimum of US$52/mt due to a steep fall in crude and naphtha prices.

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Strained TPPI urged to pay mounting debts to Pertamina

The state enterprises minister urged petrochemical refiner Trans Pacific Petrochemical Indotama to pay its mounting debt to state oil and gas company Pertamina without delay, as per JakartaPost. In thhe event of TPPI failing to pay the debt on time, Pertamina’s performance is expected to be disrupted.

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Managers of Porto Torres based petrochem companies indicted for water contamination in preliminary hearing

Four managers of three petrochemical and plastics companies with production facilities at Porto Torres, Sardinia / Italy, have been indicted in a preliminary hearing in Sassari, Sardinia regional courrt on charges that the companies willingly contaminated the waters surrounding this industrial port, as per plasteurope.

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Polystyrene in Italy market moves higher in August

August PS offers in Italy were marked with increases in line with styrene contracts settled at higher levels as well as the higher spot styrene prices, as per ChemOrbis. However, long summer holidays and the oil prices waning to US$85/barrel levels might keep the bullish effects of these upstream costs in check.

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EPA’s ToxCast chemical screening program awards contracts to 4 US based companies to test up to 10,000 chemicals

The US Environmental Protection Agency's (EPA) ToxCast chemical screening program has awarded contracts to four United States-based companies to test up to 10,000 chemicals for potential toxicity to ppeople and the environment.

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Delay in the scheduled production of Saudi Kayan to H2-2011

Commercial production at Saudi Kayan, which was scheduled in H1-2011 has been postponed to H2. Reasons for the multiple delays in starting up over the past few years, are undecipherable. Saudi Kayan iis a joint venture of Saudi Basic Industries Corporation (Sabic) and Al Kayan Petrochemical.

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Acquisition of China’s Boxing Oleochemicals by AkzoNobel

AkzoNobel is taking over China’s Boxing Oleochemicals which will be merged with AkzoNobel’s Surface Chemistry unit. The completion of the transaction depends upon the closing conditions and approval oof the Chinese authorities.

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Contract between Amyris and Kuraray to develop innovative polymer from Biofene™

Amyris Inc. has signed a collaboration contract with Kuraray Co., Ltd. to develop innovative polymers from Biofene™, a renewable hydrocarbon building block made using Amyris’ technology. According to the contract, Biofene will be the feedstock used by Kurary instead of petroleum-derived feedstock such as butadiene and isoprene in the production of specified classes of high-performing polymers.

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BP- JBF RAK LLC agreement to build a new 390,000 tpa PET plant

BP has signed an agreement with JBF RAK LLC. A new 390,000 tpa polyethylene terephthalate (PET) production unit will be build by JBF RAK LLC as per the agreement, at BP's petrochemicals complex in Geeel, Belgium, after the required approvals.

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LDPE prices in China see biggest gap of the year with imports

This week, inside China, sellers raised prices of HDPE, LLDPE and LDPE by significant margins on the heels of last week’s price increases as per ChemOrbis. Producers were in agreement that the reasonn behind this week’s increases was the limited supplies in the country and their own comfortable inventories.

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Asia's naphtha prices at two-week lows, cracks edge higher

Naphtha prices in Asia are at a two-week low on Thursday, while cracks edged higher. This was coupled with news that South Korean spot prices flipped to premiums for the first time in about two monthss, supported by recovering ethylene and plastics prices, as Reuters.

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Naphtha margins rise in Asia

Naphtha margins are on the rise in Asia. Naphtha's premium to London-traded Brent crude futures (crack spread) rose to US$119/ton from US$111 on the previous day, as per Bloomberg.
Glencore Internatiional AG sold 25,000 tons of naphtha for delivery in H1-October at US$966/ton and 25,000 tons for H2-October at US$968/ton to Royal Dutch Shell Plc.

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Daily loss of US$2.87 million being incurred by Formosa Petrochemical Corp on refinery shutdown

Taiwan's privately owned refiner Formosa Petrochemical Corp is incurring an estimated cost of about T$83 million (US$2.87 mln) each day that its 540,000 bpd Mailiao refinery remains shut, as per Plattts.

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Indonesian industry awaits restart of PT Polytama Propindo to combat rising import PP prices

Import prices of polypropylene are on the rise in Indonesia amid limited avails, rising by 60-70 dollars to US$1790/ton, as per EMPO Interactive. PP supplies have been impacted by yet another fire at Formosa Petrochemical Corp.

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Sipchem invests over SR 150 million in a new center for Research and Development

The Saudi International Petrochemical Company (Sipchem) announced that it has spent over SR150 mln to construct its corporate Research and Product & Application Center - at the Dhahran Techno Valley ((DTV) of King Fahd University of Petroleum and Minerals (KFUPM).

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Gevo to build hydrocarbon processing demo plant at Silsbee, Texas

Gevo Inc. has announced plans to work with South Hampton Resources, Inc., a subsidiary of Arabian American Development Co, to build a hydrocarbon processing demonstration plant outside of Houston in SSilsbee, Texas.

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Charge on plastic carry bags impact retail usage in India

The Ministry of Environment and Forests’ Plastic Waste (Management and Handling) Rules, 2011, notification dated February 4 states that no carry bags shall be made available free of cost by retailers to customers.

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Downtrend continues in oil prices

Oil prices continued to fall in Asia, as a rally spurred by bargain-hunters lost steam amid persistent fears that the global economy would slow, affecting crude oil demand. New York's main contract, llight sweet crude for delivery in September dipped to US$91.

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Iran to set up three new petrochemical plants to augment propylene production

Iran's Oil Ministry plans to set up three new petrochemical plants to augment propylene production. The planned propylene plants will be located at the refineries of Imam Khomeini, Shazand and Isfahann, as per Mehr news agency.

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Turkey's June polymer imports the highest ever for the month

Based on the data released by the Turkish Statistical Institute (TUIK), Turkey’s plastics imports slipped in June from May, falling for the third consecutive month since this March, as per ChemOrbis. Turkey’s June polymer imports were the highest ever for the month since 2000.

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Price spread between gasoline and naphtha narrows in NWE

The narrowing of the price spread between gasoline and naphtha in Northwest Europe follows gains in the September naphtha crack spread, as per Platts. The gasoline-naphtha spread was assessed at US$522 on Monday and US$46/mt on Tuesday, falling from US$16/mt recorded on last Wednesday.

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