NCT news
16 Aug – Lotte Titan resumes production at PE units

Source: MRCplast PT Lotte Titan Nusantara, Indonesia, has restarted its Linear Low Density Polyethylene (LLDPE) units, at Cilegon, as per Apic-online....
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15 Aug – PetroChina Lanzhou shuts PE plant

Source: MRCplast PetroChina Lanzhou Petrochemical has shut its HDPE/LLDPE swing plant for a maintenance turnaround, said Apic-online. A Polymerupdate source in...
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15 Aug – Thai PTT to shut LDPE unit for maintenance

Source: Chemorbis According to sources close to the company, Thailand’s PTTGC is planning to shut its LDPE unit in Map...
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14 Aug – Saudi Aramco to make big investment in Reliance petrochemicals

Sadara is Saudi Aramco’s joint venture with Dow Chemical Company. Reliance’s Jamnagar refinery — which officials said is the largest...
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14 Aug – US postpones new tariffs on certain Chinese imports

Source: ChemOrbis According to a statement made by the Office of the US Trade Representative (USTR) on August 13, additional...
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13 Aug – Lotte Chemical Titan to sell 49% stake in PT Lotte Chemical Indonesia

Source: ChemOrbis According to local media sources, Lotte Chemical Titan Holdings plans to sell a 49% stake in the subsidiary,...
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12 Aug – Reliance to Sell Stake to Saudis at $75 Billion Value

source Bloomberg  Saudi Aramco continued its push into Asian oil refining with an agreement announced Monday to buy a 20%...
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9 Aug – LyondellBasell wins contract for new JV project in Algeria

Source: ChemOrbis   LyondellBasell announced in a press release that it has been awarded a technology contract by Sonatrach Total...
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8 Aug – Russia’s Lukoil plans 500 ktpa PP plant in Nizhny Novgorod

Source:  Plastic News Europe Leading oil and petrochemicals group Lukoil is set to proceed with the construction of a new world...
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8 Aug – Oil extends losses on worries over slower demand, excess supply

Source: ChemOrbis Oil prices plunged by more than 4.5% on Wednesday, sending the markets to their lowest levels since January....
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06 Aug – Sumitomo Chemical acquires Emas Plastik to expand PP compound business

Source: MRCplast Japanese chemicals manufacturer Sumitomo Chemical has bought Turkey-based company Emas Plastik and its affiliates for an undisclosed amount,...
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2 Aug – Europe propylene August CP rolls over at €910/tonne

According to market sources, August propylene contracts have settled in Europe. The settlement indicated Rollover  from July at €910/ton FD...
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1 Aug – Investigation underway after fire at ExxonMobil’s Baytown Olefins Plant

Source: ChemOrbis A post on the City of Baytown’s official Twitter page said that emergency response teams responded to the...
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1 Aug – August ethylene contract up by €10/t- €1,010/t

   According to market sources, August ethylene contracts have settled in Europe. The settlement indicated €10/ton up from July at...
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31 Jul – SNC-Lavalin wins contract for ExxonMobil-SABIC joint project

Source: ChemOrbis SNC-Lavalin, a US-based professional services and project management company, announced that it has been awarded a major commissioning...
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