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August 18, 2008
Formosa says it has lifted its force majeure on high molecular weight polyethylene and polypropylene from its Point Comfort, TX site, effective August 1. Formosa made the declaration...
http://www.chemweek.com/markets/plastics/polyethylene/Formosa-Lifts-Resin-Force-Majeure_13656.html
August 18, 2008
Prices U.S.: LLDPE, 102-105 cts/lb, del; HDPE, 97-99 cts/lb, del, domestic; LLDPE, $1,690-$1,700/m.t. fob; HDPE, $1,580-$1,610/m.t. fob, export EUROPE: LLDPE...
http://www.chemweek.com/markets/plastics/polyethylene/HDPELLPDE_13661.html
August 11, 2008
Unipetrol (Prague), a subsidiary of PKN Orlen (Warsaw) says it is planning a 21-day shut down at its Litvinov, Czech Republic olefins complex at the beginning of October...
http://www.chemweek.com/markets/plastics/polyethylene/Unipetrol-Cracker-to-Close-for-Repairs-in-October_13524.html
August 11, 2008
Borouge (Abu Dhabi), a petrochemicals joint venture in which Abu Dhabi National Oil Co. holds 60% and Borealis 40%, says it has awarded a $220-million service contract to Agility (Abu...
http://www.chemweek.com/markets/plastics/polyethylene/Borouge-Awards-$220-Million-Logistic-Hub-Services-Contract-in-China-to-Agility_13523.html
July 21, 2008
European spot polyethylene (PE) prices surged in the second half of June, opening a limited arbitrage window for North American exporters. At current feedstock prices, North American...
http://www.chemweek.com/markets/plastics/polyethylene/Arbitrage-Window-Opens-but-Opportunity-is-Limited_13131.html
July 16, 2008
James Fitterling has been named CEO of the petchem joint venture between Dow Chemical and Kuwait's Petrochemical Industries Company (PIC; Kuwait City). The 50-50 jv will be called K-Dow Petrochemicals, and will be headquartered in southeast Michigan....
http://www.chemweek.com/markets/plastics/polyethylene/Dow-Kuwait-JV-Appoints-CEO-Selects-Michigan-for-HQ_13033.html
July 14, 2008
Equistar Chemicals, a subsidiary of LyondellBasell, says it will permanently cease production of low-density polyethylene (LDPE) at Pasadena, TX by year-end. The 160-million lbs/year...
http://www.chemweek.com/markets/plastics/polyethylene/-Plans-to-End-LDPE-Production-at-Pasadena-TX_12986.html
July 14, 2008
Nova Chemicals will take a “relatively large” non-cash accounting charge that could “mask” investor understanding of the company’s performance, CEO Jeff...
http://www.chemweek.com/markets/plastics/polyethylene/Nova-Warns-of-Hedging-Charge-Expects-Margins-to-Expand_12959.html
July 14, 2008
Sabic says it has signed an agreement with Sino Saudi Aramco Co., a wholly owned Saudi Aramco subsidiary, to market Aramco's 25% share of polyolefins from Fujian Refining and...
http://www.chemweek.com/markets/plastics/polyethylene/Sabic-to-Market-Aramcos-Polyolefins-from-China-Complex_12995.html
June 30, 2008
Spot polyethylene (PE) and polypropylene (PP) prices have risen with the latest spike in energy prices, despite “mild” global resin demand, says Sebastian Castelli...
http://www.chemweek.com/markets/plastics/polyethylene/Markets-Head-for-Atypical-Cycle-Amid-High-Prices-and-Low-Margins_12757.html
June 9, 2008
Reliance Industries says three people died earlier today at its Nagothane, India linear low-density polyethylene (LLDPE) plant following a fire, which broke out at...
http://www.chemweek.com/markets/plastics/polyethylene/Three-Die-in-Fire-at-Reliances-Nagothane-Plant_12338.html
June 2, 2008
Saudi Kayan Petrochemical Co. , an affiliate of Sabic, says it has agreed a $6-billion (SR22.5 billion) financing arrangement for 15 years with a group of banks and financial...
http://www.chemweek.com/markets/plastics/polyethylene/Saudi-Kayan-Signs-$6-billion-Financing-Arrangement_12275.html
May 20, 2008
LyondellBasell Industries says it will stop producing polypropylene (PP) at its Morris, IL polyethylene (PE)/PP site in the fourth quarter and shift PP production to other sites it...
http://www.chemweek.com/markets/plastics/polyethylene/LyondellBasell-to-Shutter-Illinois-PP-Capacity_11997.html
May 12, 2008
A small fire that broke out during the restart of Ineos’s 200,000-barrels/day Grangemouth, U.K. refinery on May 10 will “slightly” delay the restart of petrochemical...
http://www.chemweek.com/markets/plastics/polyethylene/Fire-to-Delay-Ineos-Restart_11869.html
May 6, 2008
Ineos has declared force majeure on deliveries of high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and polypropylene (PP) after a strike closed the...
http://www.chemweek.com/markets/plastics/polyethylene/Ineos-Declares-Force-Majeure-on-PE-and-PP-at-Strike-Hit-U-K-Site_11771.html
May 5, 2008
Basell’s acquisition of Lyondell Chemical last December creates a global petrochemical giant, filling out product and regional gaps of the two companies. The combined company...
http://www.chemweek.com/markets/plastics/polyethylene/LyondellBasell-Industries-Building-a-Global-Petchem-Giant_11618.html
April 24, 2008
Talks between the company and trade union representatives break down. Ineos moves ahead with plans to take the refining and petrochemical complex offstream....
http://www.chemweek.com/markets/plastics/polyethylene/Strike-to-Go-Ahead-at-Ineos-Grangemouth-Complex_11548.html
April 21, 2008
DSM says it plans to invest up to $450 million to expand its Dyneema range of polyethylene fiber. Most of the investments will take place in the U.S, and the first line is expected to...
http://www.chemweek.com/markets/plastics/polyethylene/DSM-Expands-Polyethylene-Fibers_11432.html
April 8, 2008
SCG Chemicals (Bangkok) and Dow Chemical have broken ground on a previously announced joint venture to build an olefins plant and expand polyolefin units at Map Ta Phut, Thailand. The...
http://www.chemweek.com/markets/plastics/polyethylene/Dow-JV-Breaks-Ground-on-Olefins-Unit_11220.html
April 7, 2008
Borouge (Abu Dhabi) says it has embarked on a feasibility study to build Borouge 3, a further expansion of its polyolefins operations in Abu Dhabi to add approximately 2.5 million...
http://www.chemweek.com/markets/plastics/polyethylene/Borouge-Plans-Third-Petchems-Complex_11284.html
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