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Markets

05.06.2014 BASF  Sale of PolyAd Services subsidiary to Edgewater Capital completed / Focus on core plastic additive business

04.06.2014 PETROCHEMICAL MARKETS  Shell's SM/PO plant in Moerdijk rocked by explosion and blaze / Two workers suffer minor burns / Cause still unclear

03.06.2014 CHINA  Anti-dumping duties on adipic acid from EU, US and South Korea set to expire in November / Ministry of Commerce calls on local companies for statements about possible extension

03.06.2014 POLAND  Plastics industry on steady growth track / Recycling remains a challenge / More than 90 people attend EuPC's recent “Opportunities for the Polish Plastics Industry” conference

03.06.2014 KOCH INDUSTRIES  Acquisition of PetroLogistics for USD 2.1 bn / World's largest PDH plant processes shale gas

02.06.2014 SWITZERLAND  More than 10% of plastics consumption goes into PU / Rigid foams are the most important segment

02.06.2014 SHALE GAS UK  “Reasonable” estimate sees 4.4 bn barrels of shale oil under southern England / Geological survey finds no significant gas potential / New financial incentives for local communities

02.06.2014 HONEYWELL  “Oleflex” technology selected for China propylene project

30.05.2014 SOUTHEAST ASIA  Investors drawn to low-wage countries / ASEAN member states constitute alternative to China / Highly heterogeneous region / E&E, automotive drive Thai plastics demand / Massive expansion in plastics production capacities

30.05.2014 CELANESE  Raising engineering thermoplastics compounding capacities in Kentucky

30.05.2014 BIAXPLEN  EUR 40m BOPP line starts up in Russian Samara region / Output to be sold to European markets as well

29.05.2014 SABIC / SK GLOBAL CHEMICAL  Agreement for “Nexlene” high-performance PE joint venture / Plan to set up network of global facilities

29.05.2014 DOW  Follow-up: Texas polycarbonate line to be shuttered this year

28.05.2014 PLASTICS RECYCLING INDIA  Study on the state of plastics recycling the Maharashtra region now available / Weak enforcement of regulations prohibits industry progress / Better training needed for key stakeholders in collection process

28.05.2014 WESTLAKE  North American PVC producer acquires Vinnolit / Latest consolidation in the global PVC market

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