Ravi Sethi of ProcurianRaw material costs as a percentage of plastic packaging costs have been on a steady rise due to the long-term appreciation in crude oil prices, a key ingredient for resins. Crude oil prices have increased five-fold ...
Chevron Phillips Chemical Company LP announced it received air permits from the Texas Commission on Environmental Quality (TCEQ) for its planned ethane cracker and polyethylene units. Additionally, Chevron Phillips Chemical received a ...
Tags: Chevron, Petrochemical Project
South African-based Sasol and Switzerland-based Ineos will team up to produce high density polyethylene in the US, the companies said Wednesday, announcing plans for a joint venture which would include a 426,000 mt/year HDPE plant. "This ...
INEOS Olefins and Polymers USA (INEOS) and Sasol announced the signing of a Memorandum of Understanding (MOU) with the intent to form a joint venture to manufacture high-density polyethylene (HDPE). “This joint venture demonstrates ...
Tags: Polyethylene Plant, INEOS
The Asian naphtha industry gathered Thursday for the start of the 22nd CFR Far East Open Specification Naphtha Meeting to debate among other things a recommendation that seeks to widen the scope of naphtha cargo origins for inclusion in an ...
Tags: Chemicals, Metallurgy, Mineral, Energy
The spread between styrene monomer and its feedstock ethylene in Asia surpassed $500/mt for the first time Monday to hit a record high of $504/mt, Platts data showed, with the SM market continuing on its bullish streak due to tight supplies ...
Tags: SM-Ethylene, Chemicals
INEOS Technologies is pleased to announce that it has licensed its Innovene S Process for the manufacture of medium density and high density polyethylene to CNOOC Oil and Petrochemical Company Limited for its cracker complex located in ...
Tags: China, Cnooc, Ineos Technology
China Petroleum and Chemical Corp, or Sinopec, has slashed its ex-works prices for butadiene by 16% effective late Monday, its second cut this month, end-users said Tuesday. With the latest reduction, Sinopec's subsidiaries in East, North ...
Tags: Sinopec, Butadiene Prices
Buying interest from the petrochemicals sector in Northwest Europe has enlivened the North Sea butane market over the last week, according to industry sources. Over the summer period, North Sea mixed butane is used by the gasoline-related ...
Tags: Petrochemicals, Butane Market
The price spread between CFR Far East Asia polypropylene and feedstock propylene narrowed to flat, with both prices assessed at $1,425/mt on Friday, according to Platts data. PP prices shed $5/mt day on day to $1,425/mt CFR Far East Asia ...
The benzene price in the European spot market sank to a 13-week low Thursday after a week of a sharp -- around $100/mt -- downward correction. Barges for the delivery in ARA region 3-30 days forward were assessed at $1,238/mt at ...
Borealis said Tuesday it would invest Eur65 million ($85.4 million) to upgrade the Borstar PE2 (polyethylene2) plant technology to the third generation, extending the Borstar PE platform at its production site in Porvoo, Finland. "This ...
Tags: Chemicals
Qatar will use a mix feed of ethane and natural gas liquids as feedstock for two upcoming petrochemical projects, a company source said Monday. The first project involves Qatar Petroleum and Royal Dutch Shell. The two companies signed a ...
Taiwan's Kuokuang Petrochemical Technology Co is considering to set up an integrated refining and petrochemical complex in Pengerang in the state of Johor in Malaysia, rivaling state-owned Petronas' Refinery and Petrochemical Integrated ...
The US spot ethylene market was at a standstill Thursday on news of an explosion and fire at Williams' olefins complex in Louisiana that killed one person earlier in the day, market sources said. Sellers pulled all material Thursday ...
Tags: Ethylene, Louisiana Plant Fire