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.
Nova Chemicals Corp has planned an investment outlay of US$80 mln in upgrades and expansion of polyethylene operations at Mooretown and Corunna. The expansion projects at Mooretown and Corunna that will as 250 million pounds of capacity, will take about 2 years to complete and have about a two-year payback. The project includes expansion and improving reliability of the low-density polyethylene (LDPE) unit at Mooretown and optimizing the high-density unit and increasing output from the high-density and linear low-density units at Corunna.
Nova plans US$80 mln polyethylene expansion
on 11-01-2008 08:34
source: Plastemart (11/1)
Nova Chemicals plans to spend US$80mln for modernization and expansion of its polyethylene plants in Canada. The projects will add upto 250 mln pounds pa new polyethylene capacity in stages over the next two years.
Sabic are re-evaluating whether having a two-week shutdown in January at their 330,000mt/year polypropylene plant at Gelsenkirchen, Germany, a trading source said Wednesday. "We are deciding if it is the right thing to do," the source said. This follows on from an unplanned outage at the site in December when the 330,000mt/year unit went down December 20 until January 1. At the same time there was an unplanned outage due to technical problems at Sabic's second polypropylene unit which produces 130,000mt/year. This unit went down December 11 through to December 25 2007.
UAE's IPIC signs MOU with Kazakhstan for petchems project
on 09-01-2008 07:45
source: Platts (9/1)
Abu Dhabi's International Petroleum Investment Co. (IPIC) and KazMunayGas, Kazakhstan's national oil and gas company, signed a memorandum of understanding to cooperate in construction of a petrochemicals complex in western Kazakhstan, the official UAE news agency WAM reported. WAM quoted a source at IPIC, which invests in energy projects on behalf of the wealthy government of Abu Dhabi, as saying that the project was at the feasibility stage and details would be announced later. IPIC's total investments globally stand at $11 billion and the company said last year that it intends to increase investments to $20 billion in the next five years.
BASF-YPC to go ahead with US$1.3 bln refinancing plan for ethylene expansion
on 09-01-2008 07:42
source: Plastemart (9/1)
BASF-YPC Company Ltd. - a JV between Germany's BASF and China's Sinopec, based in Jiangsu Province, plans to go ahead with a US$1.3 bln refinancing plan to facilitate construction expansion plans at its existing site. The company plans to expand existing steam cracker capacity by 25% along with new downstream production facilities at an estimated project cost of over US$500 mln. The Industrial & Commercial Bank of China and the Agriculture Bank of China will oversee RMB and USD arrangements while three other Chinese banks will be the lenders for the refinancing. Upon completion of the expansion project, BASF-YPC's ethylene capacity is expected to increase to 750,000 tpa from the current 600,000 tpa.
BASF-YPC is BASF's largest project outside Germany. The US$2.9 bln joint venture is equally financed by both groups. The integrated petrochemical company consists of upstream plants, including a 600,000 tpa ethylene plant and downstream plants producing ethylene glycol, low density polyethylene and oxo-alcohols.
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