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Markets

20.12.2011 COCA-COLA  Deals with three biotechnology companies to speed up development of 100% bio-based “PlantBottle” / Virent, Gevo and Avantium to develop their respective technologies / Replacing petroleum-based PTA with plant-based PTA

19.12.2011 CHEVRON PHILLIPS  Key points of North American ethane cracker feasibility study completed / Final decision for downstream PE units to come in early 2012

16.12.2011 CHINA XD PLASTICS  Follow-up: Official opening of 20 new production lines / Adding 90,000 t/y in modified plastics products capacity

16.12.2011 PLASTIC TECHNOLOGIES  New app to calculate the intrinsic viscosity of PET blends

16.12.2011 SONGWON  MoU for one pack systems joint venture with Pan Gulf Holdings and Polysys Industries / Production to kick off in late 2012

16.12.2011 QATAR  Follow-up: Shell and Qatar Petroleum ink deal on scope of proposed Ras Laffan petrochemical hub / Output to go towards growing Asian markets

16.12.2011 OCTAL  Follow-up: New PET plant in Oman on track for 2012 commissioning

15.12.2011 BIOPLASTICS  Global demand to reach 1m t/y in 2015 / Largest gains predicted for non-biodegradable bioplastics / Brazil emerges as leading producer / Market shift away from Europe, US / New Freedonia report

14.12.2011 EUROPEAN PLASTICS INDUSTRY  Demand has recovered from last economic crisis but is still below 2007 peak / Development is “erratic and patchy” / German-speaking countries and engineering plastics lead / Volatility bites / AMI report

14.12.2011 FEEDSTOCK MARKETS  Shell test drills confirm shale gas reserves in China's Sichuan basin / Sinopec chairman says country's shale gas reserves surpass those of US

13.12.2011 SHELL  Plans for diphenyl carbonate demonstration unit in Singapore / Phosgene-free polycarbonate production

13.12.2011 ARLA PLAST  New PC sheet line started up in Czech Republic / Expanding group headquarters in Sweden

13.12.2011 PLASTICS INDUSTRY  EuPC managing director calls on EU to raise efforts to promote Europe's manufacturing sector / Dangis: Mood in the plastics sector does not mirror that of the banks / Calls for more incentives, less bureaucracy for SMEs

12.12.2011 TITANIUM DIOXIDE  Prices for rutile feedstock to rise dramatically in H1 2012

12.12.2011 KANEKA  CPVC joint venture with Mitsui and Meghmani Organics in India / USD 120m investment / Start-up planned for 2014 / Output to go towards meeting subcontinent's rising CPVC needs

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