China's state-owned Sinopec said Wednesday it has signed a pact with Kuwait Petroleum Co to enhance cooperation in the oil sector, including refining. Sinopec, or China Petrochemical Corp., said the deal was signed Tuesday in Beijing in ...
Tags: Oil, Refining, Metallurgy, Mineral, Energy
North America-based petrochemical companies are likely to enjoy a competitive advantage over their rivals based elsewhere for the next several years as a result of the US shale gas revolution, which provides both inexpensive feedstocks and ...
Abu Dhabi Terminals (ADT) is set to build a new packaging facility for plastics solutions provider Borouge as part of a contract. The contract was signed by Abu Dhabi Polymers Company (Borouge) CEO Abdulaziz Alhajri and ADT CEO Martijn ...
Tags: Packaging Facility, ADT
Iran is aiming at attaining self-sufficiency in production of parts and equipment for its petrochemical plants over the next five years, FARS News Agency reported quoting a senior official. Jalil Sobhani, managing director of the ...
Turkish petrochemical producer Petkim Thursday increased the prices of polyolefins by $15-20/mt, sources said. Petkim was not immediately available to confirm. New list prices for low density polyethylene, high density PE injection ...
Tags: Polyolefins, petrochemical producer, Petkim
Asian paraxylene buyers placed their counterbids for June at $1,150-1,170/mt CFR, more than $100/mt lower than nominations for the Asian contract price, sources close to the negotiations said Thursday. There are four PX ACP sellers in ...
Tags: paraxylene, oil
US petrochemical producer Axiall will increase its US liquid caustic soda prices by $60/dry st effective July 1, it said in a notice to customers Wednesday. In addition, the company is raising its caustic soda prices in Canada by ...
Tags: caustic soda, liquid caustic soda
The European premium of ETBE over MTBE -- two gasoline components -- hit a two-and-a-half-year high of $166/mt Tuesday, as imports from Brazil fell, according to market sources. Platts assessed ETBE barges for spot delivery at $1,277/mt ...
Tags: gasoline, spot market
Iran is loading eight LPG cargoes totaling 317,000 mt in May for export to Asia, the biggest monthly volume since resuming shipments in May 2013 following an eight-month halt on concerns over an EU ban on shipping insurance, shipping and ...
Iranian petrochemical traders currently sell all their products on a CFR basis in Asia instead of FOB to avoid payment issues, trade sources in Iran and Dubai said Tuesday. "We sell products on a CFR basis in countries like China so as to ...
Tags: Petrochemical
India's state-owned gas transportation utility GAIL Monday announced another quarter in which natural gas transmission and sales volumes fell, as domestic production continued to decline. GAIL's natural gas transmission for the ...
Tags: natural gas, trunk pipeline
On March 26, 2014, with the 300 kt/a linear low-density polyethylene (LLDPE) plant, the last start-up project in PetroChina Sichuan Integrated Petrochemical and Refinery Complex (Sichuan Project) began to produce qualified polyethylene ...
Kumho Petrochemical will continue to operate its two butadiene plants in South Korea at reduced rates of 50% for the time being, due to an ongoing lack of crude C4 feedstock, a company source said Wednesday. The company has a 150,000 ...
Tags: Butadiene, Kumho Petrochemical
Saudi Arabia's Rabigh Refining and Petrochemical Company or Petro Rabigh's second phase expansion project has turned it into one of the strongest "volume growth stories" in the country's chemical industry, UK-based bank HSBC said in a ...
Tags: Petrochemical, Sumitomo Chemical
MEGlobal has rolled over its June North American benchmark for monoethylene glycol at 51 cents/lb, multiple market sources said Friday. The company said earlier this week that its June Asia contract price would decline $20 to $1,080/mt ...
Tags: PET makers, DEG prices