Nigeria lifts ban on gasoline imports with ethanol content
Lagos, London — Nigeria has reversed its earlier ban on importation of gasoline with ethanol content as Africa's top crude producer battles a week-long fuel scarcity, state
Publication Date: APR 2008
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Petrochemical traders use Dubai to bypass Iran trade sanctions
Sydney — Tighter trade sanctions on Iran have led a number of petrochemical market participants to set up subsidiaries in Dubai in the United Arab Emirates, as
Publication Date: APR 2008
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Russia to scrap 6.5% export duty on polyethylene from May
London — Russia is to lift the current 6.5% export duty on polyethylene and introduce a zero rate from early May, according to a statement posted on
Publication Date: APR 2008
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Singapore Exchange says to start clearing benzene swaps May 5
Singapore — The Singapore Exchange will launch clearing for benzene paper swaps on May 5, the exchange announced April 7, in a long-awaited move expected to mitigate
Publication Date: APR 2008
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Two ethylene cargoes moving to El Tablazo, Venezuela: sources
London — Two ethylene fixtures unusually were seen moving to El Tablazo, Venezuela, according to market reports this week.
Publication Date: APR 2008
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Americas styrene output set to drop 2.78 billion pounds in 2008
Houston — With the USG styrene monomer turnaround season in full swing plus the idling of two monomer plants in the Americas, approximately 2.78 billion pounds of
Publication Date: APR 2008
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Argentine PVC maker Indupa forms venture to build power plant
Buenos Aires — Solvay Indupa, Argentina's biggest PVC maker, Friday said it has formed a venture to build a power plant, a move aimed at improving electricity
Publication Date: APR 2008
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Dow Chem board rejects call for study on pesticide health effects
Sydney — The board of Dow Chemical has rejected a proposal by shareholders for an independent study on the impact of Dow's pesticide products on human health,
Publication Date: APR 2008
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EC issues Europe-wide guidelines on recycled packaging
London — The European Commission has issued Europe-wide guidelines on the use of recycled plastic in food packaging, a Health Commission official confirmed.
Publication Date: APR 2008
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Florida ethanol pipeline delivery possible by year-end: Kinder Morgan
Houston — Kinder Morgan is on track to test delivery of ethanol by pipeline in Florida, with commercial use possible by the end of 2008.
Publication Date: APR 2008
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Germany may scrap increase of ethanol blending quota: minister
Cologne — Germany may scrap the planned increase of ethanol into traditional gasoline if too many low income car owners are affected by the change, environment minister
Publication Date: APR 2008
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Indian IOC targets Panipat steam cracker complex on line Nov 2009
Singapore — State-owned refining and marketing major Indian Oil Corp. expects to commission a petrochemicals complex centered on a steam cracker at Panipat in the northern Haryana
Publication Date: APR 2008
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Japan petchem producers get temporary reprieve from naphtha tax
Tokyo — The Japanese parliament has passed a temporary bill exempting petrochemical producers from paying duty on naphtha imports for two months from April.
Publication Date: APR 2008
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Kazakhstan government to move into fuel grade ethanol, biofuel
London—The Kazakhstan government has launched a number of projects to help shape the future of its biofuel industry. Kazakhstan is among the world's top 10 wheat producers
Publication Date: APR 2008
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Lehman to sue Marubeni on $355 million fraud charge: reports
San Antonio — US investment bank, Lehman Brothers was hit in a $355 million fraud in Japan, according to various news reports. The fraud reportedly involved Marubeni
Publication Date: APR 2008
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LyondellBasell completes purchase of Shell's French refinery
Singapore—Petrochemicals major LyondellBasell has completed the purchase of the Shell oil refinery and associated infrastructure and businesses at the Berre l'Etang petrochemical complex in France.
Publication Date: APR 2008
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March Pricescore
March Pricescore
Publication Date: APR 2008
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Mitsubishi Chemical to exit Thai polystyrene business
Tokyo— Japan's Mitsubishi Chemical Holdings planned to dissolve its polystyrene production and sales subsidiary in Thailand by the end of this year.
Publication Date: APR 2008
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Petchem shutdowns expected to reduce demand for North Sea propane
London— Planned maintenance on two petrochemical crackers in Northwest Europe is expected to lead to reduced demand for propane, which is used as feedstock at both facilities,
Publication Date: APR 2008
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Platts Podcast
Construction market affects petrochemicals
Publication Date: APR 2008
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REACH could stop solvent supply fron Eastern Europe: source
San Antonio — The impact of the European Union's Registration, Evaluation and Authorization of Chemicals (REACH) legislation could restrict supply options from Eastern Europe a solvent distributor
Publication Date: APR 2008
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S Korea's DC Chem inks eighth polysilicon sales contract for 2009
Sydney — South Korea's DC Chemical, which announced plans to add polysilicon to its list of core products in 2007, inked its eighth long-term sales contract for
Publication Date: APR 2008
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Singapore crackers eye niche in heavy olefins: industry chair
Singapore — Singapore's ability to produce much-needed heavy olefins at its naphtha-fed steam crackers will allow it to carve out a niche in the face of growing
Publication Date: APR 2008
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US cumene supply to tighten in April from Ineos turnaround
San Antonio — Cumene supply in the US is expected to tighten in the short term as planned turnarounds pull product off the market. "I think we'll
Publication Date: APR 2008
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US styrene steady at 65+ cents/lb FOB US on bullish ethylene
San Antonio—USG styrene monomer prices were expected to maintain strength around 65+ cents/lb FOB USG in the next few weeks due to climbing ethylene, sources reported at
Publication Date: APR 2008
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Argentina PVC maker Indupa to issue $21.9 mil in shares
Buenos Aires—The board of directors of Argentina's PVC maker Solvay Indupa has approved plans to raise up to Pesos 69 million ($21.9 million) in capital through the
Publication Date: MAR 2008
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Argentina chemical fell 5.3% in February: government
Buenos Aires—Argentina's chemical production fell 5.3% in February from the same period last year, the government's statistics office Indec said March 26. Chemical production was down 11.4%
Publication Date: MAR 2008
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China Energy mum about DME expansion after financial disclosure
Tokyo—Singapore-listed China Energy Ltd refused to be drawn on the status of its planned dimethyl ether expansion project in China, following its publication last week of previously
Publication Date: MAR 2008
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Falling exports seen dragging China's 2008 GDP growth to 10.5%
Singapore—A decline in exports, notably affected by the US credit crunch, is likely to drag China's economic growth down to 10.5% this year, though still above the
Publication Date: MAR 2008
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Japan petchem producers may face extra naphtha tax from April
Tokyo—Japanese petrochemical producers may start paying extra tax for naphtha imports if the special taxation measures law fails to be renewed by the end of March.
Publication Date: MAR 2008
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Japan's Idemitsu, Mitsui in Nghi Son, Vietnam oil/petchem JV
Tokyo—Japanese companies Idemitsu Kosan and Mitsui Chemicals have decided to participate in Vietnam's first-ever refinery, the Nghi Son refinery and petrochemical complex project, taking a total 39.8%
Publication Date: MAR 2008
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Louis Dreyfus keeping plastics business, exits some aromatics
Sydney—US commodities trading firm Louis Dreyfus planned to continue its plastic resins business, despite having decided to mainly quit the international physical aromatics market, a source close
Publication Date: MAR 2008
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NWE PE producers hope to recover ethylene increase in April
London—European polyethylene producers hopes to cover the recent Eur15/mt increase in the ethylene feedstock second quarter contract price in their April contracts may be undermined by market
Publication Date: MAR 2008
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New global SM capacities expected to stifle regional op rates
Houston—Global styrene supply will outstrip demand due to additional capacities in the Middle East and Asia expected to come online in the coming years, said Steve Harrington,
Publication Date: MAR 2008
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Saudis keeping word on oil output, but US needs to do more: Cheney
Washington—US Vice President Dick Cheney said March 24 that Saudi Arabia was on track to meet its commitment to produce at least 12.5 million b/d of crude
Publication Date: MAR 2008
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Turkey starts importing MTBE to meet gasoline spec changes
London—Turkey has begun importing its first significant amounts of MTBE to meet changes in gasoline specifications in the country that came into effect this month, trade sources
Publication Date: MAR 2008
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US anti-dumping duty for glycine
US anti-dumping duty for glycine
Publication Date: MAR 2008
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US charges India with glycine dumping margins of 10.9-121.62%
Sydney—The US, which began investigations in April 2007 on glycine dumping by India, Japan and South Korea, has affirmed that Indian exporters have sold the product in
Publication Date: MAR 2008
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US plastic bags and film recycling rates higher than ever in 2006
New York—Plastic bags and film recycling increased significantly across the US in 2006, reaching a record high and validated a growing national recycling trend in the US,
Publication Date: MAR 2008
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Asia's steam crackers buckle under negative margins
Singapore — More and more steam crackers across Asia are cutting operating rates in a bid to stem the tide of negative margins from cracking naphtha.
Publication Date: MAR 2008
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Bolivia's YPFB to invest in petchems, drive economic growth: CEO
Sao Paulo — The Bolivian government intends to create value to the country by investing in the petrochemical sector, transforming natural gas into thermoplastic resins, like polyethylene,
Publication Date: MAR 2008
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China's Chaoyang Longmarch pays Bridgestone for patent violation
Sydney — Bridgestone recently received payment from Chinese tire company Chaoyang Longmarch Tyre Co. for breach of a design patent nearly a year after a court had
Publication Date: MAR 2008
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Cracker feed flexibility leads Borealis to record results: CEO
London — The CEO of Austria's Borealis said March 13 how flexibility in cracker feeds buffered the company from tight cracker margins and would help the company
Publication Date: MAR 2008
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Cuts in steam cracker rates in Asia
Cuts in steam cracker rates in Asia:
Publication Date: MAR 2008
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Details of scheduled refinery turnarounds in S Korea during 2008
Details of scheduled refinery turnarounds in S Korea during 2008:
Publication Date: MAR 2008
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Far East Asian HDPE-LLDPE spread falls into negative territory
Tokyo — The price differential between high density polyethylene and linear low density polyethylene fell into negative territory March 19 on a CFR Far East Asia basis,
Publication Date: MAR 2008
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Global LPG growth could spur a near-term supply surplus
Global LPG production growth in the coming years is expected to outpace demand, with the Middle East staking out a larger share of the marketplace, according to
Publication Date: MAR 2008
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India oil major Reliance denies charge of insider trading
New Delhi — India's petroleum and petrochemical major Reliance Industries Ltd. March 18 denied allegations of insider trading in the shares of its subsidiary Reliance Petroleum Ltd.
Publication Date: MAR 2008
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India's new naphtha import tax unlikely to alter product flows
Singapore — A 5% import tax to be levied on naphtha imports by polymer producers in India from April 1 is unlikely to dramatically change flows of
Publication Date: MAR 2008
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Japan's PAJ mulls blending 3.14 mil barrels/year ETBE by 2012
Tokyo — Japanese refiners are to consider blending up to 500,000 kl/year (3.14 million barrels/year or 8,616 b/d) of ETBE, or ethyl tertiary butyl ether, into gasoline
Publication Date: MAR 2008
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Japan's cracker turnaround schedule for 2008
Japan's cracker turnaround schedule for 2008:
Publication Date: MAR 2008
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Korea LG Chem OKs DC Chem's coal-based benzene after spec upgrade
Singapore — South Korea's LG Chem has found compatriot DC Chemical's coal-based benzene to be of an acceptable quality for use in its production of styrene monomer
Publication Date: MAR 2008
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Methanex Chile methanol unit at 30% as Argentina hikes gas duties
Houston — Methanex will continue to operate its 3.8 million mt/year facility at Cabo Negro, Chile, at 30% capacity following an increase in natural gas export duties
Publication Date: MAR 2008
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South Korea's 2008 refinery turnarounds to peak in H2 June
Tokyo — South Korea's 2008 refinery maintenance program, which is due to start in April, is scheduled to peak in the second half of June, when some
Publication Date: MAR 2008
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Taiwan Kuo Kuang refinery-petchem complex delayed to 2017
Singapore— Taiwan's Kuo Kuang Petrochemical Technology's planned 300,000 b/d integrated refinery and petrochemical complex will be delayed by two years with its completion now seen in 2017,
Publication Date: MAR 2008
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US-based petchem companies to boost Asian profile in 2008
Singapore — A number of large and mid-sized US-based trading companies and producers with operations in Asia — such as US Petrochemical and Louis Dreyfus Energy —
Publication Date: MAR 2008
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CEO leaves struggling Australia biodiesel producer Natural Fuel
Singapore—Earl McConchie has left as chief executive officer of Natural Fuel, hardly a week after the struggling biodiesel giant unveiled massive losses and revealed that it is
Publication Date: MAR 2008
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Chevron chief links soaring crude oil price to weak dollar
New York—Chevron Chairman and CEO Dave O'Reilly on March 11 attributed the current spike in global oil prices to "the weakness of the dollar."
Publication Date: MAR 2008
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China's Sopo under probe for breach of acetic acid patent
Sydney—The US International Trade Commission is to investigate US chemical producer Celanese International Corp's claim that China's Jiangsu Sopo Corp infringed its patented process technology for acetic
Publication Date: MAR 2008
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China's manufacturing activity marred by labor shortages, US lull
Sydney—China's manufacturing activity has recently slowed down across various industries due to a general shortage of blue collar workers, industry sources said this week.
Publication Date: MAR 2008
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Decline of dollar safeguards European cracker margins
London—The continuing surge in the upstream energy complex, triggered by the ongoing crude oil rally, has renewed worries about European cracker margins. But the recent slide in
Publication Date: MAR 2008
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EU moves OMV/MOL antitrust investigation into second phase
London—The European Commission March 6 said it was moving its antitrust investigation over a possible future acquisition by Austria's OMV of Hungary's MOL into a second phase.
Publication Date: MAR 2008
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Indonesia's Banten refinery project onstream by 2013
Jakarta—A 300,000 b/d refinery project in Java's Banten province, jointly proposed by Indonesia, Iran and Malaysia, is expected to be onstream by 2013, Pertamina's senior executive Suroso
Publication Date: MAR 2008
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New Florida ethanol specifications could allow for sales by May
Houston—A Florida government agency has finalized specifications that could allow for the sale of ethanol-blended gasoline in the state by May, a representative of the agency said
Publication Date: MAR 2008
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No 'silver bullet' for economic alternative fuels: Chevron CEO
New York—Chevron said its collaboration with big US forest product company Weyerhaeuser will remain in a research and development stage until technology is proven to be sustainable
Publication Date: MAR 2008
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North American companies not grasping EU's REACH laws: PWC
Houston—A majority of North American companies have not got to grips with the European Union's Registration, Evaluation and Authorization of Chemicals (REACH) legislation, which could result in
Publication Date: MAR 2008
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Olin to close chlor alkali facility in Dalhousie, Canada by June
Houston—Olin Corporation planned to close its Dalhousie, New Brunswick, Canada chlorine, caustic soda, and sodium hypochlorite operations by early June in an effort to streamline its Chlor
Publication Date: MAR 2008
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PetroChina mulls building large refinery in Singapore: report
Hong Kong—PetroChina is mulling a new, world-scale refinery project in Asia's oil trading hub Singapore worth billion of dollars, according to a report published March 11 by
Publication Date: MAR 2008
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Singapore offers tax-free swaps trading, tax breaks to shippers
Singapore—Singapore is extending a broad slate of tax breaks and will offer shipping companies tax-free trading in over-the-counter derivatives in a bid to bolster its standing as
Publication Date: MAR 2008
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UK PVC market struggling with weak pound
London—The UK polyvinyl chloride market was under continued pressure from the weak pound, which was making it more expensive for Continental PVC suppliers to offer material and
Publication Date: MAR 2008
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US ethanol seen eroding Europe's gasoline export market
Paris—Europe is facing a growing glut of gasoline supply over the next decade as soaring ethanol production in the US strips European refiners of their key export
Publication Date: MAR 2008
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Denmark's Lego to take back Czech production site from partner
London — Denmark's toy manufacturer Lego has agreed with partner Flextronics that it will take back the manufacturing of products at its site at Kladno, in the
Publication Date: MAR 2008
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Dow Europe to close co-polybutadiene rubber plant in France
London — The European subsidiary of the US chemicals giant Dow Chemical will shut down its 70,000 mt/year cobalt-polybutadiene rubber (Co-PBR) plant in Berre L'Etang, France, the
Publication Date: MAR 2008
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Ethanol imports into Rotterdam port jump almost 50% in 2007
London — Ethanol imports to Rotterdam increased by 0.5 million mt in 2007 over 2006, a jump of nearly 50%, the Port of Rotterdam Authority said February
Publication Date: MAR 2008
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Ethanol production likely insufficient to meet US' 2022 standard
Washington — Available volumes of cellulosic ethanol are likely to be insufficient to help meet the 36 billion gallon ethanol standard by 2022 that is mandated by
Publication Date: MAR 2008
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February Pricescore
February Pricescore
Publication Date: MAR 2008
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Indian minister vows to seek reduction in new naphtha import tax
Singapore— India's Minister of Chemicals and Fertilizers Ram Vilas Paswan has promised to talk to the finance minister seeking a reduction in the 5% duty on naphtha
Publication Date: MAR 2008
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Japan's Mitsui to give nod to second Singapore phenol unit Q2
Singapore — Japan's Mitsui Chemicals plans to build its second phenol/acetone plant in Singapore by 2011, with the project in its final stage of a feasibility study.
Publication Date: MAR 2008
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Japan's Shintech to start 300,000 mt/year Louisiana PVC plant in May
Tokyo — Shintech Inc., a wholly owned subsidiary of Shin-Etsu Chemical, plans to start a 300,000 mt/year polyvinyl chloride plant in Louisiana in May, in the first
Publication Date: MAR 2008
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NE Asian PE, PP demand limited despite record-high crude, naphtha
Tokyo— Northeast Asian polyethylene and polypropylene prices were unchanged March 5, despite the record-high energy complex, with limited demand as end-users have become increasingly doubtful that the
Publication Date: MAR 2008
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| Platts Petrochemical Report |
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