NCT news
07 Dec- US becomes net exporter of oil for first time in 75 years

Source: ChemOrbis According to a weekly data published by the US Energy Information Agency (EIA), the country’s crude oil and...
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06 Dec – Borealis strengthens European commitment by PP expansion plan

Source: Plastic News Europe Austrian polyolefin manufacturer Borealis AG has announced plans for the expansion of its polypropylene production in...
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06 Dec – Braskem PP declares force majeure in Wesseling

source KI The PP plant in Wesseling currently has no raw material  The polyolefin group Braskem declares Force Majeure for the...
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06 Dec -LyondellBasell grants license for new PP plant in China

source Chemorbis  LyondellBasell has granted its Spherizone process technology to China Petroleum Materials Limited Corporation (CPMC) and Petrochina Liaoyang Petrochemical...
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06 Dec – Brazil’s Petrobras plans to invest $84.1 billion in next 5 years

source Chemorbis Over the period of 2019 to 2023, Brazil’s Petrobras plans to invest $84.1 billion to boost profitability and...
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05 Dec- SABIC signs deal for new chemical recycling plant in Netherlands

Source: ChemOrbis According to a press release, Saudi SABIC has signed a memorandum of understanding (MoU) with Plastic Energy, a...
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04 Dec – November ethylene contracts settle in US

Source: ChemOrbis According to market sources, ethylene contracts for November settled with decreases in the US for the second month...
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04 Dec – Ineos acquires Flint Hills intermediates business in US

Source: Plastic News Europe Ineos Enterprises has completed the acquisition of the chemical intermediates business of the Flint Hills Resources,...
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04 Dec – LyondellBasell shut down big crackers in Wesseling after trouble

source KI COMMODITY MARKETS Olefine: LyondellBasell shut down big crackers in Wesseling after trouble The larger of the two crackers...
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04 Dec – Shin Etsu plans to shut PVC plant in Netherlands by 2019

source Chemorbis According to a source close to the company, Japan’s Shin Etsu plans to run a planned maintenance at...
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03 Dec – Hanwha Total plans to build new PP plant in South Korea

Source: ChemOrbis According to an official press release, Hanwha Total Petrochemical, a 50/50 joint venture between Total and Hanwha Group,...
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30 Nov – Saudi Al Waha shuts PP plant on technical issues

source Chemorbis According to a company announcement published on Tadawul, Saudi Arabia’s stock market, Al Waha Petrochemical shut its PP...
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30 Nov – European December monomers settle with a serious minus

Source: market December contracts fully settled; ethylene minus 110 €/mt from 1135 €/mt to 1025 €/mt and propylene minus €100/t- from...
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29 Nov -Thai IRPC plans PP maintenance in December

source Chemorbis  According to sources close to the company, Thailand’s IRPC will shut four of its PP lines in December...
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29 Nov – Ineos declares FM on LLDPE supply from Grangemouth

source Chemorbis  According to market sources, Ineos declared force majeure on LLDPE supplies from its 330,000 tons/year plant in Grangemouth,...
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