South Korea's LG Chemical has slashed operating rates at its 170,000 t/yr Daesan-based styrene monomer (SM) unit by 30pc since last week because of weaker demand and persistently negative production margins.
News ID: 8479 Publish Date : 2020/02/24
Lotte Chemical Titan, the Malaysian unit of South Korean petrochemical producer Lotte Chemical, will shut its No. 2 naphtha-fed steam cracker for a 45-day turnaround in March.
News ID: 8475 Publish Date : 2020/02/24
Kish Island has high potential and capability to play a leading role in various industrial and economic fields especially oil, gas and petrochemical industries.
News ID: 8468 Publish Date : 2020/02/19
Iran’s Petrochemical Research and Technology Company (PRTC) signed a deal with Tabriz Petrochemical Company on Saturday, for providing technical knowledge, design package and basic engineering services for the construction of the country’s first high-density polyethylene (HDPE) unit.
News ID: 8415 Publish Date : 2020/02/09
Bolivia suspended production at its 700,000 t/yr urea and ammonia plant because of a lack of the imported additive formaldehyde, deputy minster for hydrocarbons production and industrialization Antonio Pino told Argus.
News ID: 8329 Publish Date : 2020/01/24
China's Hengli Petrochemical is starting up today its 2.5mn t/yr No.4 purified terephthalic acid (PTA) unit at Dalian.
News ID: 8254 Publish Date : 2020/01/08
The scheduled shutdown of Saudi Arabia's 400,000 b/d PetroRabigh refinery at the end of February will restrict its production of downstream polymers.
News ID: 8253 Publish Date : 2020/01/08
The future of the UK's participation in the EU emissions trading system (ETS) will continue to dominate carbon price moves in the early part of 2020.
News ID: 8242 Publish Date : 2020/01/07
Global methanol spot prices will be constrained in the first half of 2020 by new production projects coming online in Iran, Trinidad and the US, and growth in olefin and olefin-derivative capacity in Asia-Pacific will reduce MTO-based production significantly during the 2020-23 period.
News ID: 8221 Publish Date : 2020/01/06
Rising US ethanol production coupled with limited domestic demand growth and new export barriers could threaten the industry's recovery in 2020.
News ID: 8205 Publish Date : 2020/01/03
Availability of octane-boosting blendstocks could drive the US toluene and mixed xylenes (MX) market in early 2020 as new bunker fuel regulations affect global refinery operations.
News ID: 8201 Publish Date : 2020/01/03
Mexico's oxygenates sector — long dominated by methyl tertiary butyl ether (MTBE) — could face market pressures to move toward ethanol as an octane enhancer for gasoline in 2020.
News ID: 8171 Publish Date : 2019/12/31
Iranian President Hassan Rouhani on Monday paid a visit to an exhibition on the country’s latest products and achievements in the petrochemical industry.
News ID: 8167 Publish Date : 2019/12/30
Negotiations for the January paraxylene (PX) Asia Contract Price (ACP) have fallen apart because of a wide bid-offer gap.
News ID: 8121 Publish Date : 2019/12/27
European ethanol spot prices are set to remain at a wide premium over Eurobob oxy grade gasoline in 2020, having hit a seven-year high on an outright basis in the final quarter of 2019. Imports from outside the EU will be required to make up a shortfall in supply as more countries adopt higher ethanol blends.
News ID: 8118 Publish Date : 2019/12/27
The third consecutive season with poor ammonia application is primed to add downward pressure to prices through the first quarter of 2020, although logistical bottlenecks could provide late-year support.
News ID: 8111 Publish Date : 2019/12/27
Jam Polypropylene Company has set a new production record in the first 8 months of the current calendar year, which began on March 21.
News ID: 8094 Publish Date : 2019/12/25
South Korea's largest styrene monomer (SM) producer Hanwha Total is planning to further reduce operating rates.
News ID: 8005 Publish Date : 2019/12/18
Oman's government has announced further details of its planned integration of state-owned oil company OOC, refiner Orpic and seven other domestic energy firms.
News ID: 8004 Publish Date : 2019/12/18
Malaysia's state-owned Petronas is facing a 1½-month shutdown at its 1.65mn t/yr methanol line in Labuan following an outage.
News ID: 8001 Publish Date : 2019/12/18
