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Markets

28.02.2014 BASF  Production at Hungarian PU systems house to cease

28.02.2014 SHALE GAS  Legal dispute between Argentina and Spain's Repsol over YPF expropriation comes to a close / USD 5 bn agreement / Argentine shale gas now up for grabs

28.02.2014 PETROCHEMICAL FEEDSTOCKS  PP futures trading goes live in Dubai and China / Concurrent launch designed to raise liquidity for global trading / “Transparent market and new pricing benchmark”

28.02.2014 EPS MARKET  Polish industry association sues two processors over poor quality / Additional lawsuits in the making

27.02.2014 PETROCHEMICAL MARKETS  Renewed explosion at Lukoil subsidiary Stavrolen's cracker in the Caucasus / Operations halted for the time being

27.02.2014 PACKAGING MARKET  Stand-up pouches saw record growth in 2013 / Over 150 bn consumed / Annual growth of 8% to 2018 / Schönwald study

27.02.2014 EFEKT PLUS  Follow-up: Polish stretch film specialist plans third capacity expansion / Output to reach 100,000 t/y by 2015

27.02.2014 UK PLASTICS INDUSTRY  Leading associations call on government to reduce tax on energy-efficient building products and shale gas exploration / Propose higher landfill tariffs and warn about rising energy costs

27.02.2014 STYROLUTION  North American SMMA plant to be shuttered with output shifting to Germany / Latest step in “Triple Shift” growth strategy aimed at ensuring global supply from at least two sites

26.02.2014 PLASTIC BAGS  New study finds that German carrier bags consumption is significantly lower than elsewhere in Europe / Majority of consumers use bags more than once / Research calls EU proposals on bans unnecessary and unconstructive

26.02.2014 GFSL  UK plastic scrap trader opens new 20,000 t/y recycling facility / Regrind output earmarked for Europe

25.02.2014 KARPATNEFTEKHIM  Ukrainian Lukoil subsidiary temporarily halts all olefin and polymer production

25.02.2014 TURKEY  Plastics industry continues to see solid growth rates / Europe's second largest plastics processing country / More than 8m t of polymers converted in 2013 / Activities centre around Istanbul / Strongly dependent on feedstock imports

24.02.2014 RENNOVIA  US agricultural giant ADM invests USD 25m in biotech company / Processes for renewable-based PA

21.02.2014 UK RECYCLING  Cautious welcome for revised UK rules to improve quality of recyclate / Work continues to amend packaging waste recovery systems

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