Page 55 - Plastics & Polymers

European chemical industry reports stagnant growth in 2015

Chemical industry output grew just 0.3 per cent during the first four months of 2015 compared to the same period of 2014, according to Cefic

Amec Foster Wheeler bags consultancy contract for refinery in Malaysia

Under the contract, awarded by SKS Corporation Sdn Bhd & its partners, Amec Foster Wheeler will provide detailed feasibility study for a new refinery and petrochemicals complex

Gujarat State Fertilizers plans to set up petrochemical complex in Dahej

GSFC will invest Rs 8000-10000 crores for the new complex

Researchers develop green process to make bio-plastics with low waste

Researchers from Belgium's KU Leuven university have claimed to have found a way to make polylactic acid (PLA), a bioplastic, production process more simple and waste-free

Toyo, IKPT awarded contract for synthetic rubber plant project in Indonesia

The plant, with production capacity of 1,20,000 tonnes per annum, is being set up by PT Synthetic Rubber Indonesia, a JV between Michelin and PT Chandra Asri Petrochemical Tbk

Global polycarbonate resin market to reach $16.4 billion by 2020

With 61 percent share of the global polycarbonate market in 2014, Asia-Pacific is the largest consumer of polycarbonate globally, says a MarketsandMarkets report

Sharp to launch smart phone made of Mitsubishi's bio-based engineering plastic

This is for the first time that a bio-based engineering plastic has been used on the front panel of any smartphone

Time Technoplast exits Chinese venture, buys 50% stake in Egyptian JV

These developments come against the backdrop of Time Technoplast's decision to divest its Polish subsidiary Novo Tech SP to a Poland-based private equity fund in June 2015

Versalis, Ecombine and EVE Rubber Institute to develop green tyres

The partnership will integrate Versalis' elastomers technologies with EVE's ATCM technology for the production of advanced elastomer compounds designed for the tyre market

BP Zhuhai starts purified terephthalic acid plant in China

The completed phase 3 plant, with a design production capacity of 1.25 million tonnes per year, is the world's largest single train PTA unit

Unitech International bags order for plastic media blast from US

The company is also setting up a manufacturing plant for PMMA monomer in Acchad (Maharashtra), which is expected to start commercial production by August 2015

Lego plans to use green resources for iconic plastic toys

The company will invest DKK 1 billion on R&D to find new, sustainable, raw materials to manufacture Lego elements as well as packaging materials

Perstorp buys pentaerythritol business of Japan's Koei Chemical

For Perstorp, this is an important part of an ambitious plan to strengthen the position in the Asian market

Indian Oil to invest Rs 13,000 cr for paraxylene-PTA and glycol units in Paradip

In addition, Indian Oil Corporation is also exploring the possibility of building a petcoke gasification plant with an investment of more than Rs 15,000 crore

Carbon credits: Enlisting market forces to combat climate change

Eighty two percent of the world's energy is still produced by fossil fuels. There is still a long way to wean humanity off carbon, but carbon trading is a step forward.

Demand for fluoropolymer in US to reach $2.3 bn in 2019

The construction and electrical and electronics markets will provide the fastest growth in fluoropolymer demand, says the new Freedonia report

Evonik's Insilco to switch to coal fired hot air unit at Gajraula unit

By switching to coal from diesel, Insilco - a producer of precipitated silica - aims for significant cost savings in the area of energy consumption

Bluestar Silicones to expand elastomer production unit in France

The company will invest Euro 15 mn to develop and modernise its elastomer production units, in particular that located at the Saint Fons site in Rhone (France)

Borealis to invest Euro 160 mn to upgrade cracker operations in Sweden

The investment programme entails revamping four of the current six furnaces at its Stenungsund (Sweden) site and shutting down completely the two remaining, ageing ones

Ineos and Solvay launch chlorovinyls JV Inovyn

On July 1, 2015, Solvay also announced that it has bought BASF's 25 percent stake in their polyvinyl chloride (PVC) joint venture SolVin