China's Panjin Ethylene Industry Corp. raised its butadiene offers by Yuan 300($48)/mt, or about 3%, to Yuan 11,310/mt ex-tank, effective Monday, local end-users said. This is PEIC's first price hike after slashing prices on five ...
Tags: PEIC, butadiene prices, Chemical Industry
Middle Eastern petrochemical producers will continue to enjoy considerable cost advantage compared with their counterparts in Southeast Asia even as a scarcity of gas forces them to shift to other feedstocks, Jaap Kalkman, a partner at ...
Tags: ME petchem, petrochemical, gas prices
Taipei, Dec. 14, 2012 (CENS)--Formosa Plastics U.S.A. will invest US$1.7 billion (NT$49.38 billion) to expand its capacities and switch to shale gas as the raw material for its naphtha crackers, which will enable it to cut production cost ...
Tags: raw material, naphtha crackers, Formosa Plastics, oil shale resources
After Emerson Process Management replaced existing valve positioners in the Shanghai Ethylene Cracker Complex (SECCO) with Fisher® FIELDVUE™ DVC6200f digital valve controllers, the SECCO plant gained better control, production ...
Tags: Digital Valve Controllers, valve positioners, digital valve positioner
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 ...
Taipei,Dec.7,2012(CENS)--After being deferred for over one year,a high value-added petrochemical investment project of Formosa Plastics Group(FPG)is finally ready for implementation,as the Petitions and Appeals Committee of the Executive ...
Tags: Petition Committee, Environmental Restriction, FPG Project
The price of styrene monomer in Asia hit a four-and-a-half-year high of $1,645/mt FOB Korea and $1,672/mt CFR China Wednesday, as the price of feedstock benzene soared to a record high of $1,477/mt FOB Korea on the same day, Platts data ...
Tags: styrene monomer, feedstock benzene, benzene prices, overseas markets
Hawaii has seen an ever larger increase in solar electricity production from solar farms and residents. Hawaii electricity comes from its imports of diesel, low sulfur fuel oil (LSFO), and naphtha, but with government incentives, increased ...
The Chinese government's latest move to combat tax evasion by imposing a consumption tax on MTBE and aromatics is likely to raise gasoline blending costs and make imports of finished gasoline relatively more cost-effective, industry sources ...
Tags: Tax on MTBE, Gasoline, aromatics
Asian solvent-grade mixed xylenes prices surged $22/mt week on week to a 53-month high of $1,260/mt CFR China Friday on firm demand and low inventory in China over the past three weeks, according to Platts data. The last time the marker ...
Tags: mixed xylenes prices, solvent-grade mixed xylenes, fuel consumption, CFR
European reformate prices have dropped sharply as the Europe-China reformate arbitrage route has closed following a drop in domestic gasoline prices in China, sources said this week. Last week, the Chinese government decreased domestic ...
Tags: reformate prices, gasoline prices, energy
Production run rates at Borealis' propane dehydrogenation (PDH) plant in Belgium will remain halved until the end of the year, the company said Friday. The PDH plant, located in Kallo near Antwerp, produces around 480,000 mt/year of ...
Tags: propane dehydrogenation, propylene, PDH
On the back of disinterest shown by entrepreneurs to invest in Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs) set up across India; the Indian government will cast a fresh look at the inverted duty structure prevalent ...
Tags: petrochemicals, Petroleum, Chemicals, duty structure
Various environment protection and health groups in Taiwan have sought a ban on expansion of the naphtha cracker operated by the Formosa Plastics Group in Yunlin County’s Mailiao Township. Representatives of the Changhua Medical ...
Tags: naphtha cracker, environmental impact, environment groups
Japan’s imports of naphtha, a key raw material for production of ethylene used in the textile industry, grew by 5.3 percent month-on-month in October to 1.183 million tons, according to the figures released by the Ministry of Economy, ...
Tags: naphtha imports, naphtha, textile industry, textile