Tuesday, June 26, 2007

Eight companies bid for Turkey's Petkim sale

Eight companies or consortiums have presented bids for a block sale of a 51% stake in Turkish petrochemical firm Petkim.

For more details please click on the following link

Basell to stop production of polypropylene in Sarnia, Ontario in mid-2008

Basell will stop producing polypropylene in Sarnia, Ontario in mid-2008. With annual production averaging only 100,000 tons over the past two years, the high operating costs at the plant that began operation in 1978, are no longer competitive.

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GAIL defers proposed Rs7,000 crore petrochem project in Kochi

GAIL (India) Ltd. has deferred its proposed Rs7,000 crore petrochemicals project in Kochi. Also, the Rs3,000 crore Petronet LNG (liquefied natural gas) plant in the city will be delayed by one year.

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Friday, June 22, 2007

EU Clears Merger of Dow with Bayer Business Unit

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Wolff Walsrode of Germany by Dow Chemical Corporation of the US. The Commission concluded that the operation would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

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Sidel inaugurates PET bottle blow moulding machines production plant in Malaysia

In a bid to meet growing demand for PET packaging with low and medium output machines, Sidel has inaugurated a plant to manufacture polyethylene terephthalate (PET) bottle blow moulding machines in Malaysia.

For more details please click on the following link

DSM Engineering plastics to consolidate presence in Eastern Europe

DSM Engineering Plastics has entered into a distribution agreement with Resin Express, wherein the two will join forces in the market development and sales of DSM Engineering Plastics resins in the Baltic States, Russia, Belarus and Ukraine. The move is in line with DSM's corporate strategy to focus on new and emerging markets - as defined in Vision 2010, the corporate blueprint for future development of the company.

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PP innovation for beverage caps combine organoleptic properties with unique design

Borealis, a leading provider of innovative value creating plastics solutions, has designed a unique polypropylene (PP) grade, RE450MO, to produce caps for bottled water, as well as sports and energy drinks. This new solution supports the beverage industry's ambitions to create ever-more sophisticated and differentiated user-friendly closures. RE450MO retains the natural taste of the liquid inside while delivering design possibilities not previously available with existing polyethylene (PE) or PP caps.

Please click on the following link for more details

Friday, June 15, 2007

DuPont Creates new category of Bio-Based Materials

DuPont has developed a new category of bio-based materials called DuPont™ Renewably Sourced ™ Materials - high-performance, bio-based materials and biofuels that are made, in whole or in part, from renewable agricultural feedstocks such as corn, soybeans, sugar cane and wheat, rather than petroleum. In the future, DuPont hopes to also make these materials from cellulosic feedstocks from fast growing energy crops, such as grasses, and agricultural byproducts, such as corn stalks.

Friday, June 08, 2007

Braskem selects Basell Spheripol technology for Venezuela

Petroqumica de Venezuela and thermoplastic resins company Braskem have selected Basell's Spheripol technology for their new 450,000 tpa polypropylene plant to be built in Jose, Venezuela. The project is expected to be completed by 2009.