Polymer exports from Malaysia's state-owned Petronas are expected to be affected after a second fire in 12 months at its new petrochemical facility in Pengerang.
News ID: 8731 Publish Date : 2020/03/16
Canada's Methanex, the world's largest producer of methanol, has idled its 850,000 t/yr Titan plant in Trinidad effective today and will idle its 800,000 t/yr Chile IV methanol plant effective 1 April, both for an indefinite period.
News ID: 8727 Publish Date : 2020/03/16
One of the important measures taken by petrochemical companies in the past several days to help fight the rapidly spreading coronavirus in Iran has been to increase production of javel water and antiseptic solutions, managing director of Petrochemical Special Economic Zone Organization said.
News ID: 8673 Publish Date : 2020/03/10
Middle East petrochemical producers remain on edge after crude futures slumped in Asian trading to a more than four-year low.
News ID: 8660 Publish Date : 2020/03/09
Asian styrene monomer (SM) prices fell today to an 11-year low after a corresponding slump in crude futures.
News ID: 8657 Publish Date : 2020/03/09
Iranian Oil Minister Bijan Namdar Zanganeh says there is an oversupply in the crude oil market, saying OPEC and non-OPEC producers need to discuss how to ensure market balance.
News ID: 8642 Publish Date : 2020/03/06
Iran is planning to indigenize nine major catalysts used in the petrochemical industries within the next two years, Shana reported, quoting the managing director of the country’s Petrochemical Research and Technology Company (PRTC).
News ID: 8629 Publish Date : 2020/03/03
Traders are exploring possibilities of exporting Chinese butadiene (BD) to South Korea after an explosion at Lotte Chemical's Daesan cracker on 4 March crippled a 150,000 t/yr extraction unit and forced an indefinite force majeure declaration. The accident injured at least 31 people.
News ID: 8590 Publish Date : 2020/03/06
Several importers and trading firms have received approvals for tariff exemptions on US-origin linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE), about two weeks after the Chinese government announced the initiative as part of easing trade tensions with the west.
News ID: 8589 Publish Date : 2020/03/06
Finnish state-owned electricity producer Fortum has teamed up with chemical producer, BASF, and Russian miner Nornickel to form a battery recycling cluster in Finland.
News ID: 8585 Publish Date : 2020/03/06
South Korea's Lotte Chemical has shut its 1.1mn t/yr ethylene cracker in Daesan after an explosion that has injured at least 31 people.
News ID: 8580 Publish Date : 2020/03/04
Chinese petrochemical producer, Sinochem Hongrun, is planning to restart production at its Weifang aromatics plant this week after it shut down in mid-October amid technical problems and poor economics.
News ID: 8578 Publish Date : 2020/03/04
Iran’s export of petrochemical products has grown by 5 percent in the first 10 months of the current local calendar year (March 21, 2019-January 20, 2020), as compared to the corresponding period last year, said Spokesman of Iran's Oil, Gas and Petrochemical Products Exporters' Union Seyed Hamid Hosseini.
News ID: 8543 Publish Date : 2020/03/02
Demand for general grade polypropylene (PP) remains weak in China despite the country increasing production of surgical masks to meet demand from the coronavirus outbreak.
News ID: 8535 Publish Date : 2020/03/02
An EU initiative to overhaul chemical safety regulations could crush the supply chain for critical material antimony metal inside Europe, leaving consumers with few options and no spot market.
News ID: 8519 Publish Date : 2020/02/28
South Korean petrochemical producer LG Chemical is cutting operating rates at its Yosu and Daesan crackers from March amid reduced downstream operations with the impact of the coronavirus outbreak.
News ID: 8517 Publish Date : 2020/02/27
Negotiations for the March paraxylene (PX) Asia Contract Price (ACP) have failed to settle for a third straight month because of a wide bid-offer gap amid a volatile market.
News ID: 8514 Publish Date : 2020/02/27
Paraxylene producers linked to the Asia contract price (ACP) have submitted their offers for the March benchmark price.
News ID: 8501 Publish Date : 2020/02/26
A new report shows that Iran’s production of chemical and petrochemical items have posted a 1.9 percent increase in the first 10 months of the current local calendar year (March 21, 2019 –January 20, 2020), indicating that Tehran has overpowered Washington’s pressures.
News ID: 8486 Publish Date : 2020/02/25
The rapidly spreading coronavirus outbreak in South Korea is forcing airlines to cut more flights and leading to a downward revision in economic forecasts for the country, a major regional importer of crude and exporter of oil products and petrochemicals.
News ID: 8480 Publish Date : 2020/02/24
