The Mexican state of Veracruz would receive investments of over US$ 5 billion in the coming months for the development of the petrochemical cluster in the south of the state, announced Veracruz’s Governor Javier Duarte De Ocha, during ...
Tags: Petrochem Projects, Textile
Taiwan's Formosa Chemical and Fiber Corp is maintaining run rates at its three aromatics plants at 90-100% of capacity despite paraxylene production margins remaining poor, a company source said last Friday. The price spread between Asian ...
The price spread between Asian paraxylene and isomer-grade mixed xylenes shrank $9/mt day on day to a one-year low of $175/mt on a CFR basis Wednesday as PX prices turned top heavy while MX remained bullish, Platts data showed. Asian ...
Tags: MX Firms
South Korea's HC Petrochem plans to further cut runs at its No 2 aromatics plant at Daesan to 70% from early next week, due to weak production margins for paraxylene, a company official said Thursday. "Operating at 70% capacity is the ...
Tags: Chemicals, HC Petrochem
Hyundai Cosmo (HC) Petrochemical Ltd. is operating its Daesan, South Korea-based No.2 aromatics plant at reduced rate. “The No. 2 aromatics plant is running at 80 percent operating rates due to lower Mixed Xylene (MX) – ...
Tags: Petrochemical, Aromatics Plant
Bolivia will be exporting petrochemicals and petrochem products to its neighboring countries such as Argentina, Brazil and Peru. Bolivia’s state owned petro-chemical company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) ...
Tags: Petrochem Products
Stirred by improving financial condition of developed countries, as global demand for petrochemical products is rising, Iran has launched or is working to launch several new projects to boost its petrochemical strength to cash in on the ...
Tags: Petrochem Projects, Textile
Saudi Arabia's National Petrochemical, or Petrochem, announced Monday that its affiliate Saudi Polymers has completed maintenance work at its polymers plant in Jubail and will restart all units there early next week. The units were shut ...
Tags: Saudi Polymers, Jubail Plant
Iran’s contribution to the Middle East’s petrochemical output is expected to grow to about 41 percent by end of the sixth Five-Year Development Plan in 2020, according to an official of the National Petrochemical Company (NPC). ...
Tags: ME Petrochem Output, Textile
The eight developing countries that constitute the D-8 group can enhance cooperation in petrochemical sector by investing their surplus funds in projects of other member countries, Abdolhosain Bayat, Managing Director of Iran’s ...
Tags: Textile, Iran, petrochem sector
The five new petrochemical projects that started operations since start of the current Iranian calendar year on March 21, 2013, are expected to boost the country’s petrochemical revenues by US$ 2 billion, National Petrochemical ...
Tags: Petrochem Projects, Textile
The petrochemical companies of the Gulf countries should focus on the sustainability of the petrochemical supply chain in order to help the sector develop further, said Saleh Al-Shabnan, the vice-chairman of Gulf Petrochemical and Chemical ...
Tags: Textile
Iran’s proposal for forming a joint petrochemical forum by eight developing Muslim nations (D8) has won support from Turkey and Egypt, two leading petrochemical and engineering polymer producers of the Middle East, Iranian Deputy Oil ...
Tags: D8 Petrochem Forum, Textile
The petrochemicals and chemicals production capacity of Gulf Cooperation Council (GCC) countries is expected to rise to 191.2 million tons by 2020, which would be a whopping 50 percent rise over last year’s capacity of 127.8 million ...
Tags: GPCA Optimistic, GCC Petrochem, Apparel
In line with last year’s investment of NT$ 99 billion, this year too, Taiwan proposes to invest around NT$ 100 billion or US$ 3.35 billion in domestic petrochemical industry, Council for Economic Planning and Development (CEPD) has ...
Tags: petrochem industry, petrochem