A surge in plastics chemical capacity from low-cost producers in North America, the Middle East and China is driving the global market for polyethylene and polypropylene to oversupply, which will pressure margins for producers, says market analyst IHS.
Russian firm Sibur expects to ‘change the face of the Russian petrochemical industry’ when construction is complete on the company’s new production complex in Tobolsk (Zapsibneftekhim), according to executive director Sergey Komyshan.
US-based Univation Technologies and the Engineering Division of Germany's The Linde Group have entered an exclusive partnership aimed at providing performance and cost efficiencies for the production of polyethylene resins.
Polyethylene producer British Polythene Industries has announced that it will be closing its facility in Widnes, UK and disposing of its Promopack Digital Studio business as part of a wider restructuring of the company, which could lead to up to 90 redundancies and a one off restructuring charge of more than £1 million ($1.52m).
UAE-based Borouge has selected Neste Jacobs, a technology, engineering and project management company as Front End Engineering and Design (FEED) contractor for its polyethylene plant modification project in Ruwais.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.