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Petro Chemical

Updated 07:57:09 UST, 23 Jun 2011

China's petrochemical output growth seen moderating

BEIJING (Scrap Monster): Chinese petrochemicals output growth appeared to be moderating in 2011 as tightening lending conditions led to lower rates of domestic consumption growth.

In 2010, ethylene output grew 32.2% y-o-y, to 14.19mn tonnes, primary plastics grew 18.3% y-o-y, to 43.61mn tonnes, and plastic products grew 21.1% y-o-y, to 58.31mn tonnes.

The growth trend was consistently upwards throughout most…

Truck dealer uses recycled oil for heating system

MHC Kenworth, a truck dealer in Oklahoma is using recycled engine oil for its heating system as a part of its environment friendly initiatives
US-EPA Removes Chemicals from Former Wabbaseka School

The Environmental Protection Agency has removed abandoned chemical containers from a demolished school in Arkansas that included inflammables, corrosive acids and toxic material
Japan's LPG demand to go down 3% after Tsunami

Japan's LPG demand may decrease even up to 3% of the country's total demand following the devastating Tsunami hit the country
Tap Oil, other HJV partners face court over failed gas deliveries

Tap and its fellow joint venture participants in the Harriet Joint Venture (HJV), in which Tap has a 12.2% interest, have been served with proceedings in the Supreme Court of Western Australia
Kuwait resumes oil production, exports

Kuwait has resumed its oil production and exports after the emergency shutdown of industries on Friday due to massive sandstorm hit the region
Japan-Persian gulf VLGC freight charges surge on port delays

The freight charges for VLGCs plying the key route of Persian Gulf-Japan for refrigerated LPG cargoes, surged to a 30-month high of $54/mt on Wednesday mainly because of port delays in Japan and India
US PVC export prices to climb on Japan crisis

Export prices of PVC in U.S. are expected to rise in April on continuing strong demand from Asian countries coupled Japan's production decline because of the disastrous Tsunami
USA Gypsum develops soil amendment product from recycled gypsum drywall

USA Gypsum, a subsidiary of Agri Marketing, Inc., has developed a new lawn and garden soil amendment product made from recycled gypsum drywall
Japan Tsunami may push up fuel oil prices

The devastating Tsunami in Japan may drive the global fuel oil prices up in the coming months.
Japanese earthquake shakes global markets

The earthquake, which shook Northern Japan during their afternoon was the worst quake to hit Japan in over 300 years. The quake generated a Tsunami which slammed into the northeast coast of Japan causing additional damage. Surprisingly, the Japanese yen rallied after the quake.
Iran may consume 1.7mn polyolefins in 2010-11 fiscal

Iran is likely to consume 1.7 million mt of polyolefins during the Persian fiscal year 2010-11, which closes on March 21, up 8% from a year earlier, financial information provider Business Monitor International said in a report released Wednesday
MSTDP margins dip in US market

MSTDP margins in the US have plunged on decreasing prices of benzene and paraxylene. After being estimated near $470/mt back on February 18, MSTDP margins have shed roughly $145 to be pegged at $327.57/mt at market close Wednesday

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