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Thai conglomerate targets PTA/PET acquisition

Thai conglomerate PTT is planning to acquire majority ownership of Siam Mitsui PTA and Thai PET Resin for €108 million from Mitsui Chemicals (MCI)...

US tariffs expected to have “negligible impact on plastics industry”

The US has slapped 25 per cent tariffs on $16 billion-worth of Chinese goods, including chemicals, but they are expected to have negligible impact...

ExxonMobil starts up Baytown ethane cracker

Operations have started at ExxonMobil Chemical Company’s new 1.5 million tonne ethane cracker, which is providing ethylene feedstock to polyethylene lines at the company’s...

Fire at Mexico PTA plant increases pressure on PET resin market

The struggling PET resin production markets in Europe and the Americas are likely to take another hit after a devastating fire at Alpek’s Altamira...

BASF targets Guangdong for largest Verbund site

BASF is investigating the possibility of building a highly-integrated ‘Verbund’ chemical production site in the South Chinese province of Guangdong. The Verbund site in Guangdong...

Falling oil prices bring entrepreneurial spirit to sector

A niche group of conglomerates and other domestic independents have been growing their presence in the East Asian and Middle Eastern regions’ upstream sector...

US petrochemical JV gains approval

Total, Borealis and Nova Chemicals have finalised a joint-venture in petrochemicals in the USA, after passing all required regulations. The company, named Bayport Polymers (Bay-Pol) is...

ADNOC commits $45bn to downstream investments

A new downstream strategy has been unveiled by The Abu Dhabi National Oil Company (ADNOC) that will see the company invest upwards of AED...

Qatar Petroleum seeks partner for world scale complex

Qatar Petroleum (QP) has invited a group of international companies, with experience in the petrochemicals industry, to submit proposals for partnering with it in...

Trio of projects by Total could add three million tonnes of...

Petrochemical giant Total has signed an agreement with Sonatrach to launch engineering studies for a petrochemical project in Arzew, western Algeria. It is one...