is a global distribution & trading company in plastic raw materials with offices and operations in Europe, Middle East, Africa and Asia. The network structure enables each individual branch to operate in line with the latest short-term trends within world and regional markets.
NCT's strategy is to generate added value to the chain between producers and end-users of commodity polymers. NCT is an ISO Certified Company who trades in polyolefin’s, polystyrene, pet, pvc and other plastic raw materials.
LyondellBasell fails to restart Carrington polypropylene plant
on 09-03-2010 08:02
Source: Internet headline only (8/3)
Ineos restarts 320000 tpa LLDPE plant at Grangemouth, maintains FM
on 09-03-2010 07:59
source: Plastemart (9/3)
INEOS Olefins & Polymers Europe has restarted its 320,000 tpa linear low density polyethylene (LLDPE) plant at Grangemouth, UK, but maintained the force majeure for some time, as per ICIS. An "agglomeration", or build-up of product in the reactor, brought the unit to a halt during the Christmas holiday period. INEOS declared force majeure on supplies from the plant on 8 January.
Preliminary work on Maaden-Daelim petrochemical project in Jubail to cost US$41 mln
on 09-03-2010 07:58
source: Plastemart (9/3)
The preliminary work on a petrochemical project in Jubail with Saudi Arabian Mining Co (Maaden) and South Korea's Daelim Industrial Co will cost about US$41 mln. Both the partners have inked a deal to launch the Jubail project, a petrochemical joint venture with Sahara Petrochemicals Co. The joint venture is expected to have a capacity of 250,000 tpa caustic soda and 300,000 tpa ethylene dichloride and is scheduled for completion in Q3-2012.
Strong demand from China propels Japanese ethylene production
on 09-03-2010 07:56
source: Plastemart (9/3)
Japanese ethylene production has spiked by 27.6% to 593,200 tons in February 2010 vs 465,000 tons in February 2009. Propped up by robust demand from China, ethylene production has increased for the seventh consecutive month, as per the Ministry of Economy, Trade and Industry. One maintenance-related plant shutdown was held in Japan in February 2010, as compared to no plant shutdowns in February 2009. Ethylene export volume rose 16% to 236,400 tons in January from a year ago, while February export figures are awaited. But with record number of maintenance shutdowns this year in Japan, production of ethylene is expected to decrease over the coming months. At least 2.5 mln tons of naphtha- about 5% of total demand in Japan, South Korea and Taiwan will be cut because of maintenance vs last year's 2% loss. Of this 1.6 mln tons will be from Japan.
Petron Corp. to indirectly acquire stake in a polypropylene plant in Limay
on 09-03-2010 07:53
source: Plastemart (9/3)
In a bid to diversify into the downstream petrochemical business and add additional revenue streams, Philippine’s biggest oil refiner Petron Corp. plans to indirectly acquire a stake in a polypropylene plant in Limay, Bataan. Petron has inked a deal with Vantage Stride (Mauritius) Ltd to buy 40% of the outstanding shares of Petrochemical Asia (HK) Limited (PAHL). PAHL indirectly owns a polypropylene plant in Limay. With this partnership, Petron will be able to share in the incremental value of converting propylene into polypropylene.
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