Thursday, July 25, 2013

Naphtha price and margins inch up but fall month on month amid higher inventories

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The Asian naphtha price and its margin rose less than 1% each to a two-session high of US$901.50 and US$91.73/ton respectively. However, na...
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Sasol signs MOU with INEOS Olefins & Polymers USA for HDPE joint venture

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South African-based energy and chemical company, Sasol and INEOS Olefins & Polymers USA (INEOS) announced the signing of a Memorandum o...

New High performance polymer-based applications and products

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New applications and products based on its high performance polymers are being presented by Vitrex at K 2013. The thermoplastics help to re...

Indonesia expects to start Bintuni petrochemical project in 2014

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Indonesian government expects a project to develop a US$4 billion fertilizer and petrochemical industrial center in Bintuni Bay, West Papua...

QP – QAPCO selects Univation's UNIPOL PE process for 550,000 tpa LL/HDPE Swing Plant And two 520,000 tpa HDPE plants

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Univation Technologies, LLC announced that Qatar Petroleum and Qatar Petrochemical Company (QP - QAPCO) has selected Univation’s UNIPOL™ PE...

ExxonMobil Singapore chemical plant expansion in operation

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ExxonMobil’s Singapore Chemical Plant is now producing ethylene from the facility’s second world-scale steam cracker. The expansion is inte...

Qatar Petrochemical awards project management contract for construction at Al Sejeel to Bechtel

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Bechtel has been selected by the Qatar Petrochemical – Qatar Petrochemical Company partnership (QP-QAPCO), to provide project management se...

SIBUR and Linde sign agreement to build new air separation unit in Dzerzhinsk

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SIBUR, a Russian gas processing and petrochemicals company and Linde Group, a German Technology company, have signed agreements to build an...

Nghi Son refinery-petrochem project gets land use right certificate and construction permit

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Authorities in Vietnam’s central province of Thanh Hoa officially handed over the land use right certificate and construction permit yester...

Market for photovoltaics, solar thermal power plants to reach 3.5 GW by 2015 in MENA region

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A trend towards generating electricity from solar power is on the horizon for the countries of the MENA region (Middle East and North Afric...

Spot ethylene, propylene loses ground in Asia despite firmer crude

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In Asia, spot ethylene and propylene prices moved lower despite firmer energy markets, as per ChemOrbis. Crude oil futures on the Nymex cap...

DSM partners with ERDA in India to develop innovative and sustainable engineering plastics solutions for the electrical industry

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Royal DSM, the global Life Sciences and Materials Sciences company has signed a Memorandum of Understanding (MoU) with the Electrical Resea...

Odisha government to sign fresh MoU with IOC for refinery project at Paradip to include fixed timeline for investment

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Odisha state government has decided to sign a fresh Memorandum of Understanding (MoU) with Indian Oil Corporation Ltd (IOCL) for its refine...

Global petrochemicals market expected to reach US$791.05 bln by 2018

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The global petrochemicals market was valued at US$472.06 bln in 2011 and is expected to reach US$791.05 bln by 2018, growing at a CAGR of 6...

Teknor Apex announces restructuring Of TPE brands reflecting a wider product portfolio In Europe

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At K 2013, Teknor Apex Company will introduce a restructuring of its well-known thermoplastic elastomer (TPE) brands that will enable it to...

PVC joinery in 45 year old windows disassembled, 100% recycled and reinstalled

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In 1968, 11 PVC windows were installed in a private residence in Sint-Pieters-Woluwe, aBrussels suburb. These were the first PVC windows to...

High Performance polymers industry has grown to over US$7 billion

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Over the past 20 years, the high performance polymers (HPPs) industry has grown from $1 billion to over $7 billion. As overall global deman...

ONGC Group commences process to sell 26% stake in soon-to-be commissioned aromatics unit in Mangalore

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ONGC Group has started the process to sell 26% stake in its soon-to-be commissioned aromatics unit in Mangalore as part of its strategy to ...

US Natural polymer market is expected to reach US$7.12 bln by 2018

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Natural polymers demand in 2012 was worth US$4.95 bln and is expected to reach US$7.12 bln by 2018, at a CAGR of 6.2% from 2012 to 2018, as...
Tuesday, July 16, 2013

Higher MEG costs push up PET prices in Asia

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In Asia, PET prices have edged up over the past week, pushed up by higher upstream costs, as per ChemOrbis. Spot MEG prices in the region c...

Saudi Polymers to restart Jubail plant post-three week shutdown

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Saudi Arabia's National Petrochemical (Petrochem) announced Monday that its affiliate Saudi Polymers has completed maintenance work at ...

NWE benzene's premium to naphtha dips to 3.5 month low

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European benzene's premium to naphtha slipped to a 3.5 month low at the end of last week as benzene failed to keep pace with strengthen...

China's implied oil demand rises near 10%, US retail sales rise less than expected: oil edges higher

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Oil on the Nymex rose to US$106.32 a barrel, while Brent crude settled at US$109. Prices have slightly edged up on Monday in thin trade, re...

Sasol appoints engineering and technology providers for US ethane cracker and derivatives project

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Sasol has announced a series of engineering and technology provider appointments as it continues to advance front-end engineering and desig...

Tongsuh plans maintenance shutdown at ACN plants

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South Korea-based Tongsuh Petrochemical is planning to shut its No. 2 and No. 4 Acrylonitrile (ACN) plants for maintenance. The two plants ...

Global oil prices propel beyond US$100 by a spike in gasoline prices and renewed market optimism

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Global oil prices spiked by over a dollar at the end of the previous week, pushed in part by a spike in gasoline prices and renewed market ...

Prospective bidders visit virtual data room for Haldia Petrochemicals Ltd

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The six prospective bidders, GAIL, Indian Oil and ONGC, Reliance Industries, Cairn India and Jindal Petroleum, who had evinced interest in ...

Styrene costs rise in Asia, PS market gains strength

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In Asia, styrene costs recorded significant increases during the past week while players in the region point to tight supplies and firmer u...

Crude oil in New York surges by almost US$3 to spike to highest level in 16 month

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US crude settled up US$2.99 at US$106.5 a barrel, posting its biggest daily rise since May and its largest three-week increase since March ...

Global petrochemical market to reach US$791 bln in 2018

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The global petrochemicals market was valued at US$472.06 bln in 2011 and is expected to reach US$791.05 bl by 2018, growing at a CAGR of 6....

Rolta India to implement engineering system at Sadara petrochemical complex

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Rolta India has won a contract from Sadara Chemical Company to implement a comprehensive engineering system at its Sadara Petrochemical Com...

Valero plans US$700 mln petrochemical plant in Louisiana to capitalize on low natural gas prices

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Valero Energy Corp. plans to become a major player in the production of petrochemicals by building a US$700 mln methanol plant at its St. C...

HPCL inks JV with Rajasthan Govt to set up petrochemical complex at Barmer

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The Rajasthan Government and Hindustan Petroleum Corporation Limited (HPCL) have signed a joint venture agreement to set up a refinery-cum-...

Bechtel awarded project management contract to oversee design and build of US$5.5 bln petrochem complex at Ras Laffan

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Bechtel has been selected by the Qatar Petrochemical – Qatar Petrochemical Company partnership (QP-QAPCO), to provide project management se...

Stronger energy costs prompt firmer stance from Polyethylene sellers in China

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PE prices witnessed some increases over the past week as sellers took a firmer stance on their prices in response to the rally in crude oil...

Insulating profiles for aluminum window systems

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Producers of aluminum window systems can make more sustainable products by using insulating profiles made from its EcoPaXX® polyamide 410, ...

Oil markets pause

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Benchmark crude for August delivery inched up to US$103.5, remaining steady this week after rising by over six dollars last week. Oil rose ...

Michelman acquires German manufacturer of water-based polymers

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Michelman has acquired German Ecronova Polymer GmbH, a manufacturer of water-based polymers used in the production of paints and lacquers. ...

Sunpower wins contract from BaoTa olefins project

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Sunpower has secured a RMB253.5 million Engineering Procurement and Construction (EPC) contract between its wholly-owned subsidiary, Jiangs...

American PVC prices soften slightly in Mediterranean

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The Chemorbis Calculated Export Prices for PVC from the United States show slight softening over the past week following a steadily rising ...

Developments in Halogen free flame retardants and light stabilizers

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Halogen free flame retardants (HFFR) under the trademark EXFLARTM and light stabilizers under the trademark EXHALSTM have been developed by...

Oil prices dip, but concerns abound about disruption in supplies through Suez Canal and Sumed Pipeline

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New York's main contract dipped to US$103, while Brent North Sea crude for August was down at US$107.1. Though prices have dipped, conc...

Polymer-based organic solar cells developed in UAE

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Researchers have fabricated the very first bulk-hetero-junction solar cell in the UAE, marking another technological breakthrough for the c...
Friday, May 31, 2013

Use of Plastics in Automotive sector to grow

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Plastics find major applications in electrical components and interior and exterior furnishings of automobiles. The majority of the applica...

U S demand for specialty films to rise 5.1% annually through 2017

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US demand for specialty films is expected to grow 5.1% pa to US$8 bln in 2017. Expansion of the market will be fostered by the increasing n...

Croda International completes acquisition of specialty products business of Arizona Chemical

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Chemicals manufacturer Croda International has completed the acquisition of the Specialty Products business of Arizona Chemical. Under the ...

Oil prices fall at end of previous week

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Light, sweet crude for July delivery dropped to US$94.1 on the Nymex, while Brent for July delivery went rose to US$102.6. Oil prices saw a...

Taiwan’s petrochemical production dips on falling prices

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The value of petrochemical products produced in Taiwan fell to NT$457.8 bln (US$15.28 bln) in January-March 2013, showing a decline of 8.1%...
Wednesday, May 29, 2013

Lenders of Haldia Petrochemicals mull release of Rs 400 crores

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Lenders of Haldia Petrochemicals Ltd (HPL) are mulling release of Rs 400 crore after West Bengal Industrial Development Corporation (WBIDC)...

West Bengal Govt agrees to give Rs 100 crores to HPL

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West Bengal government, which holds nearly 40 per cent stake in Haldia Petrochemicals Ltd through WBIDC, has agreed to provide Rs 100 crore...

SABIC opens PP compounding plant and first engineering thermoplastics compounding plant at Jubail

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Saudi Basic Industries Corporation (SABIC) has further demonstrated its national growth commitment by opening its first engineering thermop...

West Bengal CM removes own nominee as the Managing Director of Haldia Petrochemicals

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West Bengal chief minister Mamata Banerjee is to remove her government’s own nominee Sumantra Choudhury, a retired Indian Administrative Se...

Indian players react to increased customs duties

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The Indian government raised customs duties on all polymer imports from 5% to 7.5% effective as of May 8, 2013, as per ChemOrbis. Buyers ar...

Brazilian president issues decree to take land for Petrobras Comperj project

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Brazilian President Dilma Rousseff Wednesday issued a decree to expropriate land in Rio de Janeiro state for pipelines to be built for Petr...

Hindustan Petroleum Corp Ltd mulls cancellation of naphtha lot, seeks gasoil after fire

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Hindustan Petroleum Corp Ltd is looking to cancel a May naphtha cargo sold to Vitol, as per Economic Times. The moves come after a fire hit...