ChemOne Group, a Singapore-based petrochemicals, green energy, and natural resources conglomerate, has completed a significant milestone by securing finance for the Pengerang Energy Complex (PEC) in Johor, Malaysia. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a wholly-owned subsidiary of the Islamic Development Bank (IsDB), has authorized a historic US$350 million […]
Ethylene prices plummeted dramatically in Asia on Monday. An anonymous industry source in Asia notified a Polymerduniya team member that “prices declined in line with weaker naphtha values coupled with a bearish purchase pulse in the Asian market.” On Monday, CFR North East Asia ethylene prices were estimated at USD 815-825/mt, down USD (-30/mt) from […]
Univation Technologies, based in Houston, has announced that Nayara Energy Limited has chosen Univation's Unipol PE process technology for a world-scale manufacturing plant in Vadinar, Gujarat. Nayara Energy's new polyethylene project will construct a production line capable of producing 650,000 tonnes of PE per year.
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