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September 11, 2013
Lotte Chemical's (Seoul) polyethylene terephthalate (PET) plant at Wilton, UK, came back online today after a technical incident and torrential rains caused the unit to shut down last...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Lotte-Chemical-UK-PET-plant-back-online-force-majeure-remains-in-place_55097.html
August 30, 2013
The summer of 2013 has been a washout for polyethylene terephthalate (PET) in the United States, according to analysts at IHS Chemical. With bottle season over, demand will drop, but prices will retain their upward momentum for the next month or so, boosted by rising feedstock costs. PET producers have nominated increases of 3-4 cents/lb. for September....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/IHS-Chemical-US-PET-set-to-rise-despite-weak-demand_54848.html
August 23, 2013
Petrobras has started production of purified terephthalic acid (PTA) at its Pernambuco, Brazil, complex, the company announced. The plant is Brazil's only operating PTA facility. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Petrobras-starts-production-of-PTA-at-Pernambuco-complex_54692.html
June 18, 2013
BP and its partner Zhuhai Port Co. (Zhuhai, Guangdong Province, China) today received final approvals from the Chinese government for the construction of a previously announced, third...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/BP-receives-Chinese-governments-go-ahead-for-Zhuhai-PTA-plant_52883.html
June 3, 2013
Asian para-xylene (p-xylene) producers have been faring better than their North American and European counterparts. However, p-xylene market dynamics could be altered by new capacity...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Asia-p-xylene-market-shows-signs-of-oversupply-due-partly-to-new-capacity_52508.html
April 22, 2013
M&G Group (Tortona, Italy) has licensed Alpek’s IntegRex technology for its planned 1.2-million m.t./year purified terephthalic acid (PTA) plant in Corpus Christi, TX, the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Alpek-licenses-PTA-to-M-and-G-project-buys-PET-offtake-rights-for-$350-million_51221.html
April 22, 2013
Alpek (San Pedro Garza García, Mexico) achieved $77 million in net consolidated income during the first quarter of 2013, down 20% on the $96-million income reported during the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Alpeks-first-quarter-net-income-down-20-percent_51333.html
March 22, 2013
Indorama Ventures’ (Bangkok) polymers subsidiary AlphaPet has confirmed the construction of a previously announced polyethylene terephthalate (PET) production unit in the United...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Indorama-subsidiary-confirms-PET-project-at-BP-site-in-the-US_50709.html
March 18, 2013
Hambana Petrochemicals ltd. (HPL; Colombo), a company owned by Peak Energy (Singapore), says its previously announced polyethylene terephthalate (PET) plant will be build in the Magam...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Sri-Lankan-PET-project-will-back-integrate-to-PTA-manufacture_50579.html
February 13, 2013
Indo Rama Synthetics India (Gurgaon), a company quoted on the Bombay Stock Exchange and the National Stock Exchange of India, will invest 45 billion Indian rupees ($833 million) over a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Reports-Indo-Rama-Synthetics-PTA-PET-project-in-Tamil-Nadu-to-cost-Rs45-billion_49783.html
February 13, 2013
Alpek (San Pedro Garza García, Mexico) reported a 52% drop in net consolidated profit during the fourth quarter, to $518 million. Consolidated fourth-quarter revenue...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Alpek-consolidated-profit-falls-52-percent-in-fourth-quarter_49781.html
January 29, 2013
Polyethylene terephthalate (PET) prices in Europe, despite lackluster demand, are being supported by bullish sentiment in Asian feedstock markets as well as high naphtha prices, IHS...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/European-PET-prices-supported-by-strong-Asian-feedstocks_49414.html
January 24, 2013
Technip says that it has been awarded a contract by JBF Petrochemicals (Mangalore, India), a wholly owned subsidiary of JBF Industries (Mumbai), for the previously announced...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Technip-awarded-contract-for-PTA-plant-in-India_49242.html
November 28, 2012
Indorama Ventures (Bangkok) tells CW that the previously announced petrochemical project in India that will consist of plants producing purified terephthalic acid, polyethylene...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Indoramas-$700-million-petchem-project-in-India-to-be-located-in-Tamil-Nadu_47944.html
October 18, 2012
Uhde Inventa-Fischer says it has been awarded a contract by JBF Industries (Mumbai) to build at BP's Geel, Belgium, manufacturing complex, the biggest polyethylene terephthalate (PET)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Uhde-Inventa-Fischer-awarded-contract-for-JBFs-PET-project-in-Belgium-the-biggest-in-Europe_47053.html
September 28, 2012
BP today confirmed CW’s earlier report that the company will sell its interests in purified terephthalic acid (PTA) production in Malaysia to Reliance Industries (Mumbai). The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Reliance-to-Buy-BPs-PTA-Assets-in-Malaysia-for-$230-Million_46572.html
September 20, 2012
Invista Performance Technologies (IPT), the technology licensing business of Invista, says that Hengli Petrochemical (Dalian, China) has started up the first phase of its new purified...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Hengli-Petrochemical-Opens-PTA-Plant-in-China_46368.html
August 16, 2012
Reliance Industries (Mumbai) is in discussions with BP to buy BP’s 610,000-m.t./year purified terephthalic acid (PTA) plant at Kuantan, Malaysia, say Indian press reports...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Reliance-to-Buy-BPs-PTA-Plant-in-Malaysia_45657.html
July 31, 2012
BP reported a 90% year-on-year decline in second-quarter underlying profit before interest and taxes for the company's petrochemicals business, on a replacement cost basis, to $28...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/BPs-Petchem-Profits-Plummet_45287.html
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