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.
Carmel Olefins' new polypropylene grade Capilene CT 80A is said to offer both excellent transparency and high impact performance to injection moulded applications. Its advanced features are also claimed to include good resistance to stress whitening, high gloss and excellent organoleptic performance.
Global polypropylene capacity increased at a Compound Annual Growth Rate (CAGR) of 5.2 per cent from 2003, reaching 65 million tonnes per year in 2013, and is expected to continue rising to 86m tonnes by 2018, at a slightly higher CAGR of 5.8 per cent, according to research and consulting firm GlobalData.
Belgian additives and colourants producer, Milliken, has unveiled plans for a major capacity expansion of its Millad NX 8000 clarifying agent for polypropylene at its Allen facility in Blacksburg, South Carolina, USA.
A new film has been launched by SABIC with characteristics that include an aim to reduce transportation losses. Targeted at the European beverage market, the film is produced at the company's manufacturing facility in Gelsenkirchen, Germany.
Chinese futures exchange, Dalian Commodity Exchange (DCE), is publicly seeking suggestions and opinions on the contracts and contents of the rules of its polypropylene futures, as the first approved PP product makes its debut on the market.
A polypropylene catalyst alliance has been agreed between Clariant and Lummus Novolen Technology (Novolen), which will see a joint investment of CHF 65 million (US$70m) in a state-of-the-art polypropylene catalyst production line at Clariant's production hub in Louisville, Kentucky, USA.
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