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On 04 Jul 2022 at 06:13
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In a bid to phase out single-use plastic (SUP) completely in two years, Dubai has taken its first step to curb the use of carry bags in all forms and introduced 25 fils (US$ 0.065) tariff on them beginning July 1, 2022. Abu Dhabi was the first place in the........
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On 04 Jul 2022 at 03:17
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After a staggering 30 percent growth achieved in the financial year 2021-22 despite the third wave of the coronavirus (Covid) pandemic spread across a major part of the world, India’s plastic exports slowed in the April-May period of the current financial........
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On 04 Jul 2022 at 08:40
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Formosa Chemicals & Fibre Corp is in plans to undertake the maintenance turnaround at its No. 2 cracker in Mailiao earlier than planned.A Polymerupdate source in Taiwan informed a team member, “The company is likely to carry out a maintenance turnaround at........
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On 04 Jul 2022 at 08:30
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Last week, propylene prices witnessed a steep drop across the Asian region. An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “Prices fell mainly on account of thin buying activity in the region amid sufficient product........
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On 02 Jul 2022 at 10:05
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Green hydrogen can substantially spur industrial decarbonisation and economic growth for India in the coming decades and help abate 3.6 gigatons of cumulative CO2 emissions by 2050, Niti Aayog said in its latest report. Releasing late Thursday, the report........
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On 02 Jul 2022 at 08:40
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Xuzhou Haitian Petrochemical has restarted its Polypropylene (PP) unit in Jiangsu.A Polymerupdate source in China informed a team member, “The unit resumed operations recently. It was shut for maintenance on June 21, 2022.”Located at Xuzhou, Jiangsu in China,........
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On 01 Jul 2022 at 04:57
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After getting empowered by the Union Ministry of Environment, Forest and Climate Change (MoEF&CC), the Central Pollution Control Board (CPCB) has authorized state authorities to take necessary action including cancellation of commercial licenses of the........
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On 01 Jul 2022 at 04:16
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Energy and Feedstock newsCrude oil prices tumbled on Thursday as the OPEC+ group decided to continue with a planned hike in crude oil production. Brent crude prices fell by USD 1.45 settling at $114.81 per barrel while WTI futures decreased by USD 4.02........
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On 01 Jul 2022 at 08:40
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Fujian Refining and Petrochemical has brought onstream its No. 3 Polypropylene (PP) plant in Quanzhou.A Polymerupdate source in China informed a team member, “The plant resumed operations on June 28, 2022. It was shut for maintenance on June 16, 2022.”Located........
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On 01 Jul 2022 at 08:30
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On Thursday, SM prices were assessed higher in Asia.An industry source in Asia informed a Polymerupdate team member, “Prices gained on the back of bullish buying sentiment coupled with limited product availability.”FOB Korea SM prices were assessed at the USD........
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On 30 Jun 2022 at 05:17
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Energy newsCrude oil prices fell on Wednesday on the back of a rise in the value of the US dollar. The fall in prices was also prompted by a rise in US gasoline and distillate stockpiles. Brent crude prices fell by USD 1.72 settling at $116.26 per barrel........
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On 30 Jun 2022 at 02:40
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While the Centre along with the state governments and Union Territories is leaving no stone unturned for implementing a ban on single-use plastic (SUP) items as scheduled from July 1 i.e. tomorrow, value chain participants have reportedly worked hard to clear........
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On 30 Jun 2022 at 08:40
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Fujian Refining and Petrochemical (FREP) has restarted its No. 3 Polypropylene (PP) unit in Quanzhou.A Polymerupdate source in China informed a team member, “The unit has recently resumed operations. The unit was shut for maintenance on June 16, 2022.” ........
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On 30 Jun 2022 at 08:30
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On Wednesday, ethylene prices dropped in parts of Asia.An industry source in Asia informed a Polymerupdate team member, “The fall in prices was mainly on account of bearish demand trends in the region and plentiful product availability.”On Wednesday, CFR........
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On 29 Jun 2022 at 05:34
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Driven by a phenomenal boost in exports, Vietnam’s economy grew by 7.72 percent in April-June 2022 quarter which records the sharpest quarterly growth in 12 years. The South-East Asian country’s gross domestic product (GDP) growth in the second quarter of the........
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On 29 Jun 2022 at 02:40
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The refining margins of India’s largest private sector oil refiner Reliance Industries Ltd (RIL) are likely to jump by 2.6-fold in the current financial year due to a sharp increase in the import of discounted crude oil from the sanction-hit Russia. In its........
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On 29 Jun 2022 at 08:30
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On Tuesday, SM prices witnessed gains in Asia.An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “Bullish market conditions pushed SM prices higher across Asia.”On Tuesday, FOB Korea SM prices were assessed at the USD........
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On 28 Jun 2022 at 06:11
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For effective implementation of the ban on single-use plastic from July 1, 2022, the government of India is planning to set up national and state-level control rooms for checking illegal dealing in the banned plastic products. Also, the government has sought........
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On 28 Jun 2022 at 04:03
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Most polymers prices might have reported a steep decline in the last four months, but a further sharp slide at least in the near future is unlikely due to expectations of a resurgence in pent-up demand from China, post opening up of the country’s economy from........
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On 28 Jun 2022 at 08:40
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PetroChina Jilin Petrochemical has restarted its linear low density polyethylene (LLDPE) unit.A Polymerupdate source in China informed a team member, “The unit was recently brought onstream. The unit was shut for maintenance on June 9, 2022.”Located at Jilin........
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On 28 Jun 2022 at 08:30
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On Monday, SM prices marched higher in Asia.An industry source in Asia informed a Polymerupdate team member, “Prices gained on the back of bullish upstream crude and naphtha values.”On Monday, FOB Korea SM prices were assessed at the USD 1355-1365/mt levels,........
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On 27 Jun 2022 at 05:25
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Government-owned explorer and producer of natural gas GAIL (India) Ltd has chalked out Rs 30,000 crore capital expenditure (capex) for the development of pipelines, petrochemicals, city gas distribution (CGD), operational capex, and also entry into the........
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On 27 Jun 2022 at 01:05
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Global investors have flocked together to pump in a fresh US$2,400 billion in the energy sector value chain in the calendar year 2022, a rise of 8 percent from the previous year’s US$ 2,220 billion, data compiled by the global energy monitoring body the........
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On 27 Jun 2022 at 08:40
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Lotte Chemical has brought onstream its cracker in Yeosu.A Polymerupdate source in South Korea informed a team member, “Operations at the cracker were recently restarted following a turnaround. The cracker was shut for maintenance on May 9, 2022.”Located at........
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On 27 Jun 2022 at 08:30
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Last week, propylene prices declined across the Asian region. An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “The price fall was on the back of ample product availability and sluggish regional buying sentiments.”........
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On 25 Jun 2022 at 08:40
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CNOOC and Shell Petrochemicals (CSPC) has brought onstream its No. 1 Polypropylene (PP) unit in Guangdong.A Polymerupdate source in China informed a team member, “The company has recently resumed operations at the unit. The unit was shut for maintenance on........
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On 24 Jun 2022 at 05:40
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The implementation of the ban on single-use plastic (SUP) items from July 1 is likely to pull down India’s fossil fuel-based polymer demand as processors have started shifting to biodegradable or compostable alternatives by upgrading plants and machinery. The........
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On 24 Jun 2022 at 12:35
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Ludwigshafen (Germany)-headquartered multinational chemical company BASF SE has agreed to provide green hydrogen purification technologies - Puristar RO-20 and Sorbead Adsorption Technology – to British multinational oil and gas company Shell Plc. BASF, a........
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On 24 Jun 2022 at 08:40
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Mitsubishi Chemical is likely to bring onstream its olefins conversion unit (OCU) unit in Kashima.A Polymerupdate source in Japan informed a team member, “The unit is expected to be restarted by the company by end July, 2022. It was shut for maintenance in........
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On 24 Jun 2022 at 08:30
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Ethylene prices quoted lower in Asia, on Thursday.An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “The price fall has been attributed to weaker crude values and sluggish market trends in the Asian region.”On........
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