Category: Latest News

PolymerOil

PetroChina Approves $9.6B Multi‑Product Refinery and Petrochemical Complex in Dalian After Plant Closure

PetroChina has made a final investment decision to build a new integrated refinery and petrochemical complex on Changxing Island, northeastern China – a strategic move confirmed by company and industry sources, although not formally announced by the firm.  The CNY 68.5 billion ($9.56 billion) development encompasses a 200,000 bpd crude refinery, a 1.4 million tonne/year ethylene facility, […]
Polymer Plastic

SIBUR Launches SIBEX® PPI030CF Polypropylene Tailored for Food-Grade Retort Packaging

Sibur, Russia’s leading polymer producer, has unveiled SIBEX® PPI030CF, its newest polypropylene grade engineered specifically for retort packaging applications in food and animal feed sectors. Retort packaging, hermetically sealed and capable of withstanding sterilization temperatures of up to 120–130 °C, offers a lightweight, flexible alternative to traditional glass and metal containers by improving logistics efficiency and […]
Polymer Plastic

EU Imposes Provisional Anti-Dumping Duties on ABS Imports from South Korea, Taiwan

The European Commission has initiated provisional anti-dumping duties on acrylonitrile-butadiene-styrene (ABS) resin imports originating from South Korea and Taiwan, following conclusive findings of injurious price undercutting that have harmed the EU plastics industry. Duty levels vary by exporter: South Korea’s LG Chem faces a duty of 3.7%, Lotte Chemical is subject to 5.8%, while other […]
PolymerPrice decrease

August Butadiene Contract in Northwest Europe Falls €20/t to €750/t

The August butadiene contract for Northwest Europe has been finalized at €750 per tonne, marking a €20 decrease from July’s agreed level of €770/t, according to market sources. This downward adjustment reflects the ongoing rebalancing in the European butadiene market, where steady demand and ample feedstock availability have eased pricing pressure. While inventory levels remain […]
PolymerOil

Nayara Energy Reaffirms ₹70,000 Cr Investment Despite EU Sanctions Backlash

Rosneft-backed Nayara Energy has doubled down on its long-term commitment to India’s downstream energy expansion, reaffirming plans to invest ₹70,000 crore (approximately $8 billion) in refining, petrochemicals, ethanol plants, and retail infrastructure, even as it finds itself ensnared in the European Union’s latest sanctions package targeting Russian-linked oil interests. In a strongly worded statement, Nayara slammed the […]
PolymerPrice decrease

Asian Propylene Prices Slide Amid Fresh Output and Weak Demand Ahead

Propylene prices in parts of Asia softened last week as a wave of new supply weighed against lackluster downstream demand. FOB Japan pricing eased to USD 740–750/mt (down USD 5/mt), while Taiwan’s CFR pricing dropped more sharply to USD 775–785/mt (down USD 15/mt). Prices in China’s CFR market also edged lower to USD 765–775/mt, again slipping by USD 5/mt week on […]

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