BASF implements “We create chemistry” strategy in Asia Pacific
Dr. Martin Brudermüller, Vice Chairman of the Board of Executive Directors of BASF SE, responsible for Asia Pacific, recently announced the implementation of the company’s strategy for growth.
IAC opens new facility in Chongqing
The automotive supplier International Automotive Components (IAC) has opened its tenth manufacturing facility in China, in the South-Western city of Chongqing, on 13 April 2013.
BioAmber and Brenntag sign distribution partnership for the Americas
BioAmber Inc. has partnered with Brenntag in the Americas for distribution of its Bio-SA bio-based succinic acid and derivatives, including bio-based 1,4-butanediol (BDO).
VIETNAM: Nghi Son Refinery & Petrochemical Ltd. makes final decision on $9 billion project
The partners in the Nghi Son Refinery & Petrochemical Ltd. (NSRP) joint venture in Vietnam have made “the final decision” to invest $9-billion for the construction of a refinery and petrochemical complex at the Nghi Son economic zone in Thanh Hoa province.
OMAN: Orpic plans to select technology provider for $3.6 billion Sohar plastics project
Oman Refineries and Petroleum Industries Company (Orpic) is planning to start work on the front end engineering design (FEED) and selection of a technology provider for its $3.6 billion integrated Sohar plastics project before the end of 2013.
MIDDLE EAST: Iran, Turkey and Egypt mull creation of International Petrochemical Assn.
The National Iranian Petrochemical Organization (NIPO) has submitted a proposal to Turkey and Egypt to form an international petrochemical association similar to the Organization of Petroleum Exporting Countries (OPEC).
Adsale Group wins 2013 UFI Education Award
According to the Adsale Group, in recent years companies around the world have faced a number of difficulties in their operations, such as the rising price of petroleum, the shortage of energy, the Eurozone debt crisis, increasing labour costs, environmental pollution, etc. Apart from having a well-planned business strategy, a crucial factor in successfully tackling these problems is the quality of a company’s work team, says Adsale.
KOREA (SOUTH): Big fines set for toxic chemical leaks
A parliamentary subcommittee passed a bill on Monday (6 May 2013) seeking to fine companies up to 5 % of their revenue for leaks of toxic substances.
CHINA: Formosa Plastics developing plans for petrochemical projects in Gulei
Taiwan’s Formosa Plastics Group (FPG) is making plans for subsidiary Formosa Plastics Corp. (FPC) to undertake construction of joint venture naphtha crackers and downstream petrochemical facilities in Gulei, in China’s Fujian Province, according to the Taipei Times.
Lubrizol and Trexel enter partnership to promote foam technology
Trexel and the Lubrizol Corporation announced a new partnership for Lubrizol to be the preferred thermoplastic polyurethane supplier for Trexel’s MuCell microcellular foaming technology.
German rubber industry association wdk establishes TPE working group
The German rubber industry association wdk (Wirtschaftsverband der deutschen Kautschukindustrie) has announced the creation of a new working group dedicated to thermoplastic elastomers. The decision has been unanimously taken by the bureau and the general assembly of the wdk.
Call for Papers: Smithers Rapra TPE 2013
Sixteen years ago Smithers Rapra launched its first TPE conference. The 2013 event Thermoplastic Elastomers 2013 will take place in Duesseldorf, 15-16 October 2013 in the run-up to K 2013 (16-23 October 2013). The programme will soon be finalised, but there is still time to submit a paper.
World flame retardants
According to a Freedonia market study, issued in February 2013, world demand for flame retardant additives will rise 5.4 % per year to 2.6 million t in 2016. According to the study, the Asia/Pacific region will continue to be largest and fastest growing market, accounting for over half of world demand in 2016. Advances will be fueled by over 8 % annual growth in the Chinese and Indian markets, strong increases in Thailand and other less developed countries in the region, and solid growth in major electronics-producing countries such as Taiwan and South Korea. Gains in North America will be driven by above average expansion of the markets in the US and Mexico. Central and South America will also see strong growth, driven by rapid gains in the Brazilian market. Demand in Western Europe will rise at a subdued pace, although it will rebound from the declines of the 2006-2011 period.
Dow to sell PP Licensing & Catalysts and Plastics Additives units
Dow Chemical recently announced it is planning to sell assets worth nearly USD 1.5 billion over the next 18 months and has already identified two business units that will be actively marketed for divestment: its Polypropylene Licensing and Catalysts unit as well as its Plastics Additives unit.
Hexpol TPE to present at VDI TPE conference
Dr. Kjell Fagerström, managing director at Elasto Sweden AB will be presenting at the VDI TPE conference taking place in Nürnberg, 16-17 April 2013. The conference will focus on two component manufacturing and the role of TPEs in multi-component applications.
IRAN: Chabahar Petrochemical Complex to attract USD 20 billion investment
Iran--one of the world's major petrochemical producers--plans to build a new petrochemical hub in the southeastern port city of Chabahar, Deputy Oil Minister Mohsen Khojasteh Mehr said. "Only those companies will be given permit for establishing petrochemical plants which are able to complete their value chain," he said.
KOREA (SOUTH): Chemical accidents face tough sanctions
The government said Thursday (4 Apr. 2013) that it will introduce a “three strikes and you’re out” regulation on chemical accidents, urging companies to tighten their safety control of toxic substances.
EGYPT: TOYO awarded polyethylene plant of Ethydco
Toyo Engineering Corporation has been jointly awarded with ENPPI, an engineering company under the Egyptian Ministry of Petroleum, a contract to build a 400,000 t/y polyethylene plant as part of Ethydco's petrochemical complex to be established in Alexandria, Egypt, and owned by Ethydco, the Egyptian Ethylene and Derivatives Company. This will be the largest polyethylene plant in Egypt.
BRUNEI: UOP technology selected for petrochemicals complex
UOP LLC, a Honeywell company, announced 2 Apr. 2013 that its technology has been selected to produce key petrochemicals in a new complex in Brunei.
SAUDI ARABIA: Sadara sukuk oversubscribed 2.6 times
Sadara Chemical Company (Sadara) announced the successful closing of the sukuk (Islamic bonds) issued through its subsidiary Sadara Basic Services Company (SBSC). The sukuk has received strong investor demand, resulting in 2.6 times oversubscription based on the initial offering size of SR 5.25 billion. In keeping with this demand, Sadara has up-sized the issuance to SR 7.5 billion.
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