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Markets

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

27.05.2014 STYRON  Texan PC line to be shuttered / Outcome of weak 2013 performance

27.05.2014 POLIOM  Gazprom and Sibur enter into Omsk-based PP joint venture with Titan / Collaborating on feedstock supply and distribution

27.05.2014 NORDEX  EUR 50m investment in rotor blade capacities / Rostock plant to be completely revamped / Half the funds to go towards “harnessing cost advantages” for international partners

27.05.2014 CHINA  Plastics processing industry strengthens in 2013 / Upward trend continues in 2014 / Innovation needed to tackle overcapacity

26.05.2014 PLASTIC OMNIUM  Automotive OEM builds two new plants in the US

23.05.2014 OMV  Butadiene expansion in Austria brought on stream

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