To be able to withstand the challenge from low priced petrochemicals from the US in future, Asia’s biggest retailer, Sinopec Corp, earlier called China Petroleum and Chemical Corp, is gearing up to reduce its petrochemical production ...
Asian isomer-grade mixed xylene spot prices have slumped around 8% since reaching record highs of $1,427.50/mt FOB Korea and $1,446.50/mt CFR Taiwan on January 7, Platts data showed. On Wednesday, the mixed xylene was assessed at ...
Tags: mixed xylene spot, mixed xylene market, mixed xylene spot price
Japanese petrochemical majors are scouting overseas countries to set up petrochemical plants either on the own or in joint ventures. Big petrochemical companies like Sumitomo, Asahi Kasei, Mitsui & Co, Mitsubishi Chemicals and Ube ...
The continuing global economic uncertainty is negatively impacting the petrochemical sector of Saudi Arabia, according to a report released by NCB Capital, MENA Financial Network reported. The increase in prices of Saudi petrochemical ...
Tags: global economic uncertainty, petrochemical sector of Saudi Arabia
The Asian isomer-mixed xylenes market reacted cautiously Wednesday following record highs seen in the US MX market overnight, with Asian prices moving up just 0.07% in early trading. The Asian isomer-MX market was pegged at $1,437/mt CFR ...
Tags: mixed xylene, xylene, isomer mixed, PX plant
Saudi Polymers Company JV between Chevron Phillips Chemical Company LLC and National Petrochemical Company has started commercial production. Mr Mike Zeglin executive president of Saudi Polymers Company said that "This is an exciting time ...
Tags: commercial production, marketing network, Chemical Company
Oman Daily Observers reported that Oman Gas Company is studying a number of initiatives designed to add value to the country's gas resources. Mr Maktoom al Matani GM of Engineering and Technical Services OGC said that the proposed ...
Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) congratulates Saudi Polymers Company (SPCo) and its joint venture partner, National Petrochemical Company (Petrochem), as the joint venture’s manufacturing facility ...
Oil and Natural Gas Corporation (ONGC) and GAIL (India) are much interested in acquiring a stake in the Kochi petrochemical project. The Rs. 50 billion project is being jointly implemented by Bharat Petroleum Corporation Limited (BPCL) ...
Tags: petrochem project, Petrotech Conference, petrochemical complex, refinery
According to new research by the Gulf Petrochemicals and Chemicals Association, the Gulf petrochemicals sector added 34,564 jobs between 2010 and 2011 an increase of 11%. According to a new GPCA publication, GCC Petrochemicals & ...
The Asian mixed xylenes inventory in East China fell to 20,000 mt,a 44-month low Friday,Platts data showed. The inventory fell by 2,800 mt,or 12.3%,from a week earlier--the lowest level since March 15,2009,the data showed. The fall is ...
Tags: mixed xylenes inventory, Platts data, South Korea's Daesan port
Hon'ble Chief Minister of West Bengal, Mamata Banerjee inaugurated the second PET plant of the Dhunseri Petrochem & Tea Limited having a capacity of 2, 10,000 TPA at Haldia; West Bengal. The said plant together with the First PET plant of ...
Tags: PET plant, Oerlikon Barmag, Dhunseri, textile
ANH Refractories Europe has secured a major new deal to supply products to the Middle East petrochemical market. The American owned firm manufactures materials at its Bromborough plant, in the UK, used in linings for furnaces, kilns and ...
Tags: market view, petrochem
As Africa’s plastics industry grows, Indian companies say they are picking up substantial business there, with exports rising for machinery firms, and India’s resin and processing companies making investments. The India factory ...
Tags: plastics