IHS Chemical Week
PLASTICS

Italian court nullifies Invista's barrier patent, says M&G

11:31 AM MDT | July 24, 2014 | Clay Boswell

M&G Chemicals (Luxembourg) says that an Italian court has confirmed a ruling against Invista, declaring void the Italian counterpart of its patent for polyethylene terephthalate (PET) barrier resin for bottles....


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CB&I to market Versalis's LDPE and EVA technologies in North America

ENI (Rome) announced today that its chemicals production subsidiary Versalis (Milan) has signed a cooperation agreement with CB&I under which CB&I will market and provide engineering services for Versalis’ low-density polyethylene (LDPE) and...

S-Oil swings to profit, to diversify portfolio with olefins complex

S-Oil (Seoul) today reported improved second-quarter results and outlined investment plans under new increased ownership by Saudi Aramco, including construction of an olefins complex. S-Oil’s second-quarter net income reached 67.9 billion South Korean...

CB&I and Clariant to commission PP catalyst plant at Louisville next year

CB&I and Clariant announced today that their previously announced Ziegler-Natta (ZN) polypropylene (PP) catalyst production plant in Louisville, KY is on schedule to begin production in 2015. The plant is part of a long-term strategic partnership between...

Alpek cuts 2014 Ebitda guidance by $70 million

Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), has revised down its Ebitda guidance for 2014 from $570 million to $500 million, the company announced today. The company had issued the initial guidance in...

Report: Private equity firm prepares to divest PVC maker Vestolit

Private equity firm SVP Global is preparing to sell vinyls company Vestolit (Marl, Germany) in a deal potentially valued at about €300 million, according to a Reuters report today. SVP has hired investment bank Jefferies (New York) to seek a buyer...

Oman awards technology contracts for $3.6-billion petchem project

Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has awarded several technology provision contracts for its previously announced, $3.6-billion Liwa plastics project (LPP). The combined value of the technology packages has been put at...

Nizhnekamsk starts producing new PP grade

Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a leading producer of petrochemicals, announced today that it has started producing a new grade of polypropylene (PP) as part of an import-substitution program.  The new PP grade is a random copolymer of...

Europe revokes Invista PET barrier resin patent following dispute with M&G

The European Patent Office's (EPO; Munich) appeals board revoked on 8 July Invista's patent related to polythethylene terephthalate (PET) barrier resin for bottles, according to M&G Chemicals, part of the Mossi Ghisolfi Group (Tortona, Italy). As a...

PTT Global Chemical to buy Perstorp out of Vencorex PUs JV

CW has learned that PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest chemicals company, is seeking to buy its partner Perstorp out of their polyurethanes (PUs) joint venture Vencorex. PTTGC, which has a 51% share in Vencorex, has notified the...

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