Artlant, Europe's largest purified terephthalic acid producer, is in the process of searching for an investment partner or buyer for the business, a source close to the company said Thursday. As a result, any plans to start up production ...
Tags: Artlant, Terephthalic Acid, PTA
Indonesia's state-owned oil and gas company Pertamina has signed a heads of agreement for a $5.5 billion upgrade of the Cilacap refinery with Saudi Aramco, president director Dwi Soetjipto said in a statement Thursday. The project is ...
Tags: crude distillation, refinery, sour crude
In the next five years, China's main focus in the petrochemical sector would be on meeting domestic demand and producing higher-value end products, Gu Zongqin, president of the China National Petroleum and Chemical Planning Institute, said ...
Oman’s Sohar Port and Freezone has entered into an agreement with Oman International Petrochemical Industry Company (OMPET) to build a manufacturing facility that will produce up to 1.5 million tonnes of eco-friendly packaging ...
Tags: Pet Manufacturing, Agriculture
Dow Chemical said it will reconfigure and reduce its equity base in the MEGlobal and Greater Equate joint ventures, including Kuwait Olefins Company (TKOC) and Kuwait Styrene Company (TKSC). This reduction, Dow said, will be done through ...
Tags: petrochemical products, Qurain Petrochemical Industries, Textile
Weak demand saw China's imports of toluene plunged to a near six-year low in August, with market sources expecting the bearish sentiment to prolong for the foreseeable future. China's toluene imports in August fell 73% from the previous ...
Coca-Cola is making additional investment in Virent's bio-based paraxylene BioFormPX demonstration facility in Wisconsin, US. Virent has said that the investment will help in scaling up separation and purification of BioFormPX at the ...
The exports of petrochemical products from Iran earned US$ 838 million in the first four months of the current Iranian calendar year that began on March 21, 2014, according to an IRNA report. During the four-month period, Iran ...
Tags: Exports, US$838 Million, Textile
The spread between styrene monomer and its main feedstock benzene plunged to a near 19-month low of $193/mt last Friday as benzene prices surged while SM stayed weak amid a high inventory in China, said traders Monday. The last time the ...
Tags: Benzene, styrene monomer
Polyethylene terephthalate producer DAK Americas will increase US resin prices 3 cents/lb in July because of rising raw material costs, a letter to customers obtained by Platts on Thursday showed. On Wednesday, fellow US producer Nan Ya ...
The market structure for FOB Korea toluene flipped into a backwardation Wednesday, supported by tight supply of prompt-delivery cargoes and keen buying interest, said market sources. Platts assessed the FOB Korea toluene marker at ...
Tags: Toluene, paraxylene plants
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
Paraxylene (PX) production capacity is increasing in the global market, mainly because majority of the PX is utilized for production of purified terephthalic acid (PTA), a key raw material in the textile industry for making polyester ...
Tags: PX Capacity, PTA
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 ...
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