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Markets

01.02.2012 LANXESS  Official inauguration of new Jhagadia facilities / Catering to rising Indian demand

01.02.2012 PHILIPPINES  Plastics industry largely focused on local market / Chinese processing machinery dominates / More than half of local plastics demand met by imports / First cracker scheduled to come on stream in 2013

01.02.2012 DOW  Latest polymeric flame retardant licence illustrates increased substitution of HBCD in insulation foam / Smooth transition to REACH norms

31.01.2012 LYONDELLBASELL  “Hostalen” ACP process licensed to China / Start-up of new HDPE plant in 2014

31.01.2012 CHINA  New EUR 9.6 bn refinery complex deal inked in Qatar / No start-up date / Around 1.2m t/y of ethylene

31.01.2012 SONOCO  Global EPS and PU price hike

30.01.2012 LYONDELLBASELL  Raising butadiene output in Wesseling

30.01.2012 ISRAEL CHEMICALS  Dow technology selected for new brominated polymeric flame retardants / Manufacturing plant under construction

30.01.2012 BRAZIL  Chemicals trade group calls for investments to stem rising imports / Trade deficit reached record levels in 2011

30.01.2012 LOTTE  Asian Development Bank supports Honam Petrochemical's polyolefin project in Uzbekistan / Start-up scheduled for 2015

30.01.2012 IRAN  EU petrochemical embargo to take effect in May / Iran threatens to cease oil exports

30.01.2012 UHDE INVENTA-FISCHER  Building new PET plant for Etana in the northern Caucasus

30.01.2012 EUROPEAN AGRICULTURAL FILMS  Industry consumes 545,000 t/y / Plastics use has given long-term boost to productivity / Concerns over disposal / Market relatively static / AMI report

27.01.2012 EASTMAN  Definite agreement to acquire fellow US specialty chemicals producer Solutia / Transaction valued at USD 4.7 bn / Official go-ahead expected by mid-2012 / Annual cost synergies of about USD 100m

27.01.2012 HDPE  China accounted for almost one third of global demand in 2011 / Middle East has become world's third-largest production region / Emergence of bimodal resins allows for higher-value applications / Latest GlobalData report

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