German petrochemicals producer BASF said July 24 that it expected the economic slowdown in China, margin volatility and growth uncertainty in Europe to be the biggest risks to growth for its chemicals division during the second half of the ...
Tags: Petrochemicals, oil
FedEx has joined Southwest Airlines to buy out Red Rock’s entire eight-year jet fuel inventory — key milestone for project construction. Red Rock takes waste biomass from forests and sawmills, and using a proprietary process, ...
China's appetite for imported naphtha has grown since the start of the year on the back of strong demand from petrochemical producers, market sources and traders said this week Imports of the petrochemical feedstock over January-April ...
Tags: Imported Naphtha, Naphtha
The annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 2.33 per cent for March 2015 (over March 2014), according to the provisional data released by the Office of the Economic Adviser, Ministry of ...
China this week issued the first round of oil product export quotas for 2015, with volumes totaling 9.75 million mt, industry sources said Wednesday, January 14. This is significantly more than the roughly 8 million mt of quotas that were ...
Tags: Oil Export, Crude Oil
NOVA Chemicals, a leading producer of chemicals for global customers who produce consumer, industrial and packaging products, has appointed Naushad Jamani as the senior vice president for Olefins and Feedstock, effective from January 1, ...
Tags: NOVA Chemicals, feedstock sources, Textile
The Asian price spread between high density polyethylene and ethylene feedstock turned negative Thursday, September 25, falling to minus $5/mt from parity a day before, due to the bearish PE market amid continued firm ethylene, Platts data ...
Tags: HDPE-Ethylene, PE
Carbon Holdings, a company based in Egypt, engaged in developing petrochemical plants and projects, is planning to set up a petrochemical project named Tahir, at a cost of US$ 7 billion, in Ain Sokhna town in Egypt, ahram online reported. ...
The U.S. Environmental Protection Agency (EPA) has issued a final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permit to CCI Corpus Christi, LLC. The company plans to construct petroleum process facilities ...
Tags: EPA, Certification
The global automotive plastics industry is in boom mode today. Improvements in vehicle design and the ongoing trend toward lighter weight for improved fuel efficiency have led to greater demand for engineering plastic components. A recent ...
Tags: Auto Parts, Auto
Swedish integrated olefins and polyolefins producer, Borealis, has inked a 10-year deal with Antero Resources to supply ethane from the US for its flexible steam cracker in Stenungsund, Sweden. Alongside, Borealis has also signed a ...
European ethylene hit a 2014 high of Eur1,015/mt ($1375/mt) FD NWE Friday, up Eur45/mt on the week, Platts data showed, on the back of reduced availability and an increase in feedstock prices. Naphtha hit a 2014 high of $959/mt CIF NWE ...
Tags: Ethylene, Ethylene prices
Kazakhstan's CPC Blend crude has fallen to a 23-month low versus Dated Brent, as weak end-user demand has continued to weigh on values for prompt supplies. CIF Augusta CPC Aframax cargoes were assessed at a $1.73/barrel discount to the ...
Tags: Crude Oil, CPC Blend crude
European spot steam cracker margins hit a near month high of Eur72/mt ($98/mt) Wednesday on the back of an increase in ethylene. Ethylene spot prices Wednesday reached their highest point since the end of February at Eur942.50/mt FD NWE, ...
The Linde Group and BASF SE intended to cooperate in developing and licensing processes for the on-purpose production of linear butenes and butadiene. BASF has developed process technology and catalysts as well as the extraction ...