New mega projects will boost the UAE's investment in the petrochemicals industry to nearly USD 12 billion by 2015 to maintain its position as a major global producer of the gas based substance. According to official data, the investments ...
Tags: Chemical Investment, petrochemicals industry, gas based substance
US convenience retailer 7-Eleven has announced the acquisition of the retail and wholesale assets of Texas firm Tetco for an undisclosed sum. The deal will see 7-Eleven take on Tetco's company-owned convenience outlets in Utah and the ...
Tags: convenience retailer, retailer, convenience outlets, 7-Eleven
ExxonMobil Chemical Company is moving a previously announced 5-cent/lb increase for all grades of high density polyethylene, low density polyethylene, and linear low density polyethylene for the US to January 1, 2013, according to a letter ...
The cost of the Gorgon LNG project offshore Western Australia has grown 40.5% to $52 billion, operator Chevron said Wednesday. A cost and schedule review has been completed, with the total cost estimate for the "foundation project" up ...
Tags: capital program, cost and schedule review, foundation project
Exxonmobil Chemical will unveil Label-Lyte films, which are said to offer efficient solutions to printers, converters and consumer goods companies for a wide range of labeling needs. Made with bioriented polypropylene (OPP), these films ...
Tags: labeling specifications, printer, packaging
Reuters reported that Saudi Aramco Mobil Refinery Company will shut most of the units at its 400,000 barrel per day Yanbu refinery in March to bring a new cleaner fuel project online. Traders said that the outage planned by the joint ...
Tags: Mobil Refinery Company, cleaner fuel project, gasoil and gasoline
Economic Times reported that ONGC will invest a staggering 27,800 crore or USD 5 billion for an 8.4% stake in an oilfield in Kazakhstan to give a big boost to India's energy security by partnering global majors in developing the world's ...
Tags: ONGC, energy security, oilfield, outbound investments
Williams Energy will apply in early 2013 to Alberta's Energy Resources Conservation Board to build a natural gas liquids and olefins processing facilities in the province, even as it aims to add a new petrochemical value chain, the ...
The ExxonMobil Chemical Plant has warned the communities of Mossmorran in the United Kingdom about the intermittent flaring at the Fife Ethylene Plant. The plant was shutdown for maintenance work and it has restarted again. “As ...
Reuters reports that LUKoil,Russian's biggest non-state oil producer,which is believed to be considering buying ExxonMobil's stake in the West Qurna-1 oil field,has bought oil from Kurdistan in defiance of Baghdad. Baghdad has long ...
Tags: LUKoil, ExxonMobil, oil producer, Kurdistan
P-Xylene prices went down in Europe, while they surged up in Asia and US In the week ending October 6. In Korea, P-Xylene prices opened at US$ 1485/ton (FOB Korea), down US$ 20/ton from the previous week. But mid-week, prices were spotted ...
Tags: P-Xylene, similar trend, Market sources, spot prices
The most eye-catching displays at Chinaplas 2012 were typically high-tech, eco-friendly and mobile. At Bayer MaterialScience AG’s booth, two small robots danced on a stage six times a day. Behind the flashy displays, however, in ...
Tags: market view
In order to meet higher demand for locally made machines, KraussMaffei has started to make injection moulding machines in its Haiyan, China, factory, which will double its production space and capabilities. Hans Ulrich Golz, the new ...
Tags: market view
CHINAPLAS 2012 is approaching to its final countdown, a series of promotional activities have been carried out in full swing by the organizer. With its great influence in the plastics and rubber industries, together with the flourishing ...
Tags: plastics&rubber
Commodity resin prices are tumbling throughout North America, with polypropylene experiencing the steepest drop -- a 14-cent dive since Oct. 1. Regional prices for polyethylene, PVC, polystyrene and ABS also are down in recent weeks, ...