Posts Tagged ‘business’

Grace inks multi-year agreement with Braskem to develop technologies and solutions to produce green chemicals

W. R

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Plastic Industry Hub – Plexpoindia announces forthcoming accomplishment of Plexpoindia 2013

Plexpoindia has introduced its upcoming reaching of Plexpoindia 2013 to be held from January 8-13, organized by GSPMA. Plexpoindia 2013 will be the next mega event is organized with aim to Promote Indian plastic Industry worldwide, concurrent with Vibrant Gujarat. Plexpoindia 2013 will be held at a fully equipped convention center.

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Plan panel proposes duty changes for petrochem industry

The Planning Commission has proposed a slew of changes in the prevalent duty structure for the petrochemical industry for the new Plan period (2012-17). To begin with, it has urged the central government to establish single national level value-added tax (VAT)/ goods and services tax (GST) on plastic and articles of states at a uniform four per cent

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SABIC invests in multiwall sheet capacity in India

A state-of-the-art Lexan* multiwall sheet production line will be unveiled at SABIC IP?s Vadodara, India manufacturing facility.

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Progress of various Ministry schemes considerably slowed in the 11th Plan upto 2012 in India

The progress of various schemes of the ministry of chemicals and fertilisers for petrochemicals, including its flagship Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs), considerably slowed in the 11th Plan (2007-12). In its report to the government on the sector, the Planning Commission says the pace of investments has been much below expectation as has emerged in its discussion with state governments, the Department of Petrochemicals and the industry, as per Business Standard. The primary reason for the slowdown in PCPIRs is the various private and public sector undertakings, which are acting as anchor tenants that have officially ?put on hold? their proposed investment decisions, according to the ministry.

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PE buyers in SE Asia expect to see softer prices in May

In Southeast Asia, PE players had mixed views in H1-April regarding the outlook for May. Material had been tight for some of the PE products in several of the countries, with some of the local producers working hard to clear backlogs, as per ChemOrbis.

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Chevron Phillips to build world?s largest on-purpose 1-hexene plant at Cedar Bayou Chemical Complex

Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) will build the worldÂ’s largest on-purpose 1-hexene plant capable of producing up to 250,000 metric tpa (551,000,000 lbs) at its Cedar Bayou Chemical Complex in Baytown, Texas. Construction is targeted to commence in the first half of 2012, and the project is anticipated to start up during the first quarter of 2014.

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High Performance drives growth for agricultural films

The increasing importance of plastics in the area of agriculture and horticulture has been highlighted in a new in-depth report on the Agricultural films market in Europe by Applied Market Information Ltd. (AMI

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Chinese players share their outlook on the year ahead

Players in ChinaÂ’s polymer markets are expressing mixed forecasts for 2012. While there is general agreement that upstream costs will continue to support polymer prices, players hold divergent opinions about the macroeconomic outlook, as per ChemOrbis

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Chinese PE players weigh likely impact of Iran sanctions

Players in ChinaÂ’s PE markets are evaluating the likely impact of the latest round of Western sanctions on Iran as they formulate their business plans going forward, as per ChemOrbis. Most Chinese players predicted that the sanctions would not have a drastic effect on their business in the short term while adding that the sanctions may introduce significant changes into the structure of ChinaÂ’s polymer trade going forward

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