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Markets

27.05.2013 KINGFA SCIENCE AND TECHNOLOGY  Guangzhou company takes 66.5% share in ailing Indian compounder / Deal estimated at EUR 1.65m

24.05.2013 CHINA  Standard plastics stagnate / Growth of 6% for engineering thermoplastics in 2012 / Market dominated by foreign capacities / Growing surpluses with PC and POM / Another grand "Chinaplas" comes to an end

24.05.2013 TOTAL  Planned EUR 1 bn modernisation of Antwerp refinery and petchems site / Closure of uncompetitive PE unit by end-2014

23.05.2013 BAYER MATERIALSCIENCE  Innovation centre opens in Shanghai / Expands global network

23.05.2013 BRASKEM  Resins company adds LDPE alternative to its green plastics portfolio

23.05.2013 ASCEND  UOP licenses C3 Oleflex process to Ascend in US / New plant to be built on Gulf Coast

22.05.2013 ALBEMARLE  Joint venture in mineral flame retardant with Senze Meilu / Solidifies growth strategy in emerging applications and regions

21.05.2013 GERMAN PLASTICS PRODUCTION  Full-year 2012 output sinks 3.4% after especially dismal Q4 / Outlook clouded by economic weakness / US shale gas competition worries the sector / Germany leads Europe in recycling

17.05.2013 LYONDELLBASELL  European re-structuring includes German HDPE site / Under-performing production line to be mothballed late 2013

16.05.2013 TCI SANMAR  MoU to build 'Plastic Park' in Egypt / Plans for PVC downstream activities

16.05.2013 UK RECYCLING  2012 household plastics collection survey now online / Households responsible for 70% of recycled material

15.05.2013 CORRECTION - BASF / TORAY / GENOMATICA  German group purchases technology licence for renewable BDO / Japanese prepare for scale-up

14.05.2013 EGYPT  Fresh funds injection may help plastics industry / Buyers find prices too high/ Blackouts hampering feedstock production

13.05.2013 POLYMER PRICES  North America April 2013: PE sideways after March rise / PP follows steep monomer dive / PVC sideways / PS crumbles on slight pressure / Engineering still subdued

13.05.2013 OMV  Austrian giant invests EUR 230m in butadiene production / Targets Burghausen refinery / Upgrades Schwechat plant

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