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Markets

10.01.2013 ADVANCED  Turkey PP project with Bayegan is scrapped

09.01.2013 US CAPS AND CLOSURES  Plastic accounts for 79% of demand as shift away from glass and metal packaging continues / Overall market to grow by 4.4% annually in 2016 / Freedonia report

09.01.2013 BAYER MATERIALSCIENCE  Final go-ahead received for new gas-phase TDI plant at Dormagen / Start-up on track for mid-2014

09.01.2013 SAUDI KAYAN  MoU with Petrokemya for 35,000 t/y UHMW-PE plant at Al Jubail / Operation as 50:50 joint venture

08.01.2013 POLYMER PRICES  North America December 2012: Polyethylene still stable / PP tends upward / PVC and PS take a breather / January cost hikes drive producers‘ calls / Engineering thermoplastics‘ demand still poor

07.01.2013 BASF  Raising global HDO output to meet rising demand

07.01.2013 KERMANSHAH HDPE  New HDPE line in north-western Iran goes on stream / Additional plants due to follow along West Ethylene pipeline

07.01.2013 SINOPEC  Wuhan cracker commissioned / Catalytic cracking unit starts up in Guangdong

04.01.2013 PETROCHEMICAL MARKETS  Ineos cracker in Lavera is down / Reports of forces majeures for downstream products / So far FM only confirmed for C4 chain

04.01.2013 PETROCHEMICAL MARKETS  Petro Rabigh launches 20-day maintenance following power outage

04.01.2013 DOW  “Olefins 2” plant in Louisiana brought back on stream / Capturing cheap shale gas feedstock

04.01.2013 EXXONMOBIL  Mega polyolefin complex in Singapore is commissioned / Naphtha cracker in start-up phase / US group now world's largest polyolefin producer

03.01.2013 PETROCHEMICAL MARKETS  Fire leads PPG Industries to declare force majeure for VCM from Louisiana

02.01.2013 ENGINEERING THERMOPLASTICS  Balance of worldwide capacity has shifted to Asia / Polyamide is a rare exception / European market holds up relatively well / Massive expansion in China likely to continue

02.01.2013 UNITED ARAB EMIRATES  Biodegradable bag now compulsory / Authorities considering additional measures

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