IHS Chemical Week

Archives :: Markets :: Plastics

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July 3, 2014
Synthos (Oświęcim, Poland) will invest 631.2 million zloty ($207.6 million) across three petrochemical projects at the Special Economic Zone (SEZ) of Krakow, Poland, the SEZ...
July 3, 2014
Huntsman Polyurethanes Shanghai, a joint venture between Huntsman and Shanghai Chlor-Alkali Chemical (SCAC), plans to double methylene di-para-phenylene isocyanate (MDI) splitting capacity of its facility in the Shanghai Chemical Industrial Park (SCIP). The expansion, which will begin operation in 2017, will increase the site’s MDI splitting capacity to 480,000 m.t./year, says Huntsman....
June 30, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) plans to begin a 100,000-m.t./year expansion of  its Cedar Bayou normal alpha-olefins (NAO; also called linear alpha-olefins) plant in Baytown, TX, in July 2015. The company says its board has approved the project, which has already obtained the necessary environmental permit from the Texas Commission on Environmental Quality (TCEQ)....
June 30, 2014
JBF Industries (Mumbai) says it has started up its new polyethylene terephthalate (PET) plant at Geel, Belgium. The plant, designed to produce 432,000 m.t./year of PET, is...
June 30, 2014
Ineos will acquire BASF’s 50% share in Styrolution (Frankfurt), a joint venture between the companies, for €1.10 billion ($1.47 billion) , the companies said today. The...
June 27, 2014
BEWi AS (Hamarvik, Norway), a producer of expandable polystyrene (EPS) insulation and packaging, has merged with EPS producer StyroChem Finland Oy (StyroChem; Porvoo, Finland). Although terms of the deal were not disclosed, Verdane Capital, owner of Styrochem, says it will hold a share of the new company, BEWi Group....
June 27, 2014
The future of Europe's polyolefin value chain lies in making it inclusive of future generations of employees, says Koos van Haasteren, executive v.p. at Sabic Europe. In a keynote...
June 25, 2014
Asia will remain the main demand region for polyolefins, and its share of worldwide polyolefin consumption will exceed 50% by 2020, with China representing well over half of this...
June 25, 2014
Europe's olefins and polyolefins industry needs to improve its feedstock flexibility while continuing to innovate and create opportunities, since it faces growing competition from...
June 24, 2014
Brazil's antitrust body CADE (Brasilia) has challenged the proposed acquisition by Braskem of Solvay Indupa (Bueno Aires), Solvay's polyvinyl chloride (PVC) and chlor-alkali business...
June 20, 2014
ExxonMobil Chemical says it has begun constructing second steam cracker at its Baytown, TX, facility and two downstream polyethylene lines at its Mont Belvieu, TX, plastics plant. EPA gave the project a final greenhouse gas Prevention of Significant Deterioration construction permit last month....
June 20, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) has broken ground for the construction of two 500,000 m.t./year polyethylene plants at its site in Old Ocean, TX....
June 17, 2014
The International Trade and Industry Ministry (MITI; Kuala Lumpur) said on Monday that it has initiated antidumping investigation concerning imports of polyethylene terephthalate (PET)...
June 16, 2014
Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), one of the country’s leading producers of petrochemicals, today announced that it has accepted the resignation of Oleg Nesterov...
June 13, 2014
Petronas Chemicals Group (PCG; Kuala Lumpur) has completed divesting its entire 93.11% interest in Phu My Plastics and Chemical (PMPC; Vung Tau, Vietnam) to Asahi Glass and Mitsubishi...
June 10, 2014
Eastman Chemical has made “significant progress” toward restoring operations at its Kingsport, TN, facility after a widespread power outage forced an unplanned shutdown on 4 June, the company says. With the possible exception of butyl acetate, the shutdown is unlikely to have much impact on the delivery of acetyl products, according to IHS Chemical....
June 10, 2014
Ineos Technologies announced today that it has licensed its Innovene S process to Hyundai Engineering for use in Turkmengas’s previously announced, new, greenfield, world-scale...
June 10, 2014
Sibur (Moscow), Russia’s largest petrochemicals producer, today reported a 263% increase in first-quarter profit, to 56.8 billion Russian rubles ($1.65 billion), on 21% higher...
June 9, 2014
Sasol and Ineos have committed to a 50-50 joint venture to produce bimodal high-density polyethylene (HDPE) at Ineos’s Battleground Manufacturing Complex in LaPorte, TX. The jv will construct a 470,000-m.t./year HDPE plant, which is expected to begin operation in 2016....
June 9, 2014
The 11th International Petrochemical Forum (IPC), a two-day event that began at Tehran on Saturday, attracted 50 foreign and 330 Iranian companies, local news agencies report. The...
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