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Formica Group Has Introduced Chemtop Compact Laminate with Advanced Chemical Resistance
Jan 17, 2013Environments such as hospitals, clinics and laboratories demand special consideration in the specification of materials for interior fit outs. Meeting this demand Formica Group has introduced Chemtop2, 16mm Compact laminate with advanced ...
Tags: Compact Grade Laminate, Exceptional Chemical Resistance, Chemtop2
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The US Residual Fuel Oil Hi-Lo Registered Its Largest Physical and Paper Drop in Six Weeks
Jan 17, 2013The US residual fuel oil hi-lo, the spread between Atlantic Coast 1%S and Gulf Coast 3%S, registered its largest physical and paper drop in six weeks Tuesday as the recent LSFO demand pop subsided. At the same time, the tightness in the ...
Tags: fuel oil, oil, sulfur fuel oil, fuel oil trade
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A New PET and PTA Plants Will Be Constructed in US by M&G'S $1bn Contract
Jan 16, 2013Italian PET producer, M&G Group has signed a $1bn engineering, procurement and construction (EPC) contract with Sinopec Engineering for PET plant construction in Corpus Christi, Texas, US. The single line PET plant is said to have a ...
Tags: M&G Group, EPC contract, Sinopec Engineering
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Europe's Chemical Volumes' Growth in 2013 Will Be 'sluggish' with Only Marginal Gains
Jan 16, 2013Europe's chemical volumes' growth in 2013 will be "sluggish" with only marginal gains on 2012, global bank HSBC said Monday. "Our forecasts are not materially different to what the industry is expecting: the European chemical ...
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US Steam Cracker Margins Climbed Week-on-Week
Jan 16, 2013US steam cracker margins climbed week-on-week as ethylene prices reacted to the news of planned and unplanned outages in the US Gulf Coast region. ExxonMobil suffered an upset at its Baytown, Texas, olefins plant Tuesday. Westlake ...
Tags: US, Ethylene Margins, ethylene prices, Production Outages, Feedstocks
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The Newly Appointed Chairman Will Focus on Various Issues During His Tenure
Jan 16, 2013The newly appointed chairman of Indonesia's special taskforce for the upstream sector will focus on various issues during his tenure, among them increasing oil and gas production and boosting reserves, he told Platts Monday. Rudi ...
Tags: Indonesia, Skkmigas, Oil, Gas Production
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The Northwest European Naphtha Discount to Eurobob Gasoline Hit Its Widest in Three Months
Jan 16, 2013The Northwest European naphtha discount to Eurobob gasoline has hit its widest in three months, due to weak naphtha demand for petrochemical use, traders said. At Friday's European close, CIF NWE naphtha cargoes were assessed at ...
Tags: naphtha, Eurobob gasoline, petrochemical use
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Dynea Chemicals Sold Its 50% Stake in The Australian Joint Venture Dynea to USA
Jan 16, 2013The Finnish group Dynea Chemicals sold its 50% stake in the Australian joint venture Dynea Australia to the US firm Momentive Speciality Chemicals on 4 January. The company was subsequently renamed Momentive Speciality Chemicals Australia. ...
Tags: Dynea Chemicals, panels, Laminex
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Georgia Gulf Set a 10 Cents/Lb Increase on Domestic Acetone
Jan 15, 2013Georgia Gulf has set a 10 cents/lb ($220.40/mt)increase on domestic acetone, effective January 21, according to a letter sent by the company to its customers Friday. The basis of the increase came from higher refinery grade propylene ...
Tags: propylene prices, acetone, market supply
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Term Contract Discussions Are at a Stalemate Over a Failure to Agree on a Pricing Formula
Jan 15, 2013Term contract discussions between Asian purified terephthalic acid producers and end-users are at a stalemate over a failure to agree on a new pricing formula, industry sources said Friday. The two sides typically finalize their term ...
Tags: PX price, Asia, PTA market
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Wake-up to Reach Continues to Be The Elephant in The Room
Jan 15, 2013Manufacturer's organisation EFF is urging Britain’s manufacturers to get to grips with REACH, a European Directive banning certain chemicals, "or face the prospect of unlimited fines or prison", it said. Not to be confused with RoHS ...
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The Production Margin for Spot Purified Terephthalic Acid Hit a Six-Month High
Jan 14, 2013The production margin for spot purified terephthalic acid hit a six-month high Wednesday following a sharp drop in feedstock paraxylene prices, but this still failed to lift the margin out of the red, Platts data showed. The PTA margin ...
Tags: PTA, paraxylene, price, Asia
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A Study Commissioned by The US Department of Energy on LNG Exports Is 'Seriously Flawed'
Jan 14, 2013A key Democratic senator on Thursday reiterated his concerns that a study commissioned by the US Department of Energy on LNG exports is "seriously flawed" and should not be used by the agency to grant permits to companies wishing to ship ...
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China's Crude Oil Imports in December Rose 8% Year on Year to 23.67 Million Mt
Jan 14, 2013China's crude oil imports in December rose 8% year on year to 23.67 million mt, or an average of 5.6 million b/d, according to preliminary trade data released Thursday by the General Administration of Customs. The volume is 1.9% lower ...
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Prices for Polyethylene Terephthalate Look Set to Climb Over The Coming Weeks and Months
Jan 14, 2013Prices for polyethylene terephthalate look set to climb over the coming weeks and months, as producers struggle to achieve acceptable margins while feedstock prices increase. So far this year, the European spot price assessment has ...
Tags: PET, price, polyethylene terephthalate, rise
