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Active buying revives in Indian polymer markets
31 Oct : Moderating polymer prices led the Indian markets see revival of active buying activities.
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Petronas Chemicals to discontinue Vinyls business from January 2013
31 Oct : Petronas Chemicals Group Berhad (PCGB), headquartered at Kuala Lumpur in Malaysia, will discontinue its Vinyls  business with effect from January 1,2013, the company said in a release.
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Jindal Poly Films in process of acquiring Exxon Mobil Chemical's (EMC) global BOPP Film business
30 Oct : Jindal Poly Films Limited (JPFL) is set to become a global player of Bi-axially Oriented Poly Propylene (BOPP) Fim business with its acquisition of Exxon Mobil Chemical's (EMC) global BOPP Film business in process.
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Sluggish demand continues in Indian polymer markets
29 Oct : Bearish buying sentiments continued to prevail in Indian polymer markets.
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BP Zhuhai shuts-down PTA plant for maintenance
29 Oct : China based BP Zhuhai is heard to have shut-down its 1,100 kilo tonne per annum PTA plant for maintenance purposes.
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Xianglu restarts PTA plant
29 Oct : China-based Xianglu Petrochemical is heard to have restarted its 1,600 kilo tonne per annum PTA plant.
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Fushun Petrochemicals to restart Acrylonitrile plant

Oct 27: In a communication with a source in China, Fushun Petrochemicals was learnt to be ready for restarting operations of its 92 kilo tonne per annum Acrylonitrile plant after a maintenance.

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IOCL and RIL hike PP prices amid sluggish market demand

Oct 25: Barely after decreasing prices, Indian Oil Corporation Limited (IOCL) and Reliance Industries Limited (RIL) have increased their prices for PP.
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Ningbo Mitsubishi Chemical shuts down PTA plant for maintenance
Oct 25 : In a communication with a Chinese source, Ningbo Mitsubishi Chemical Company is learnt to have shut down its 600 kilo tonne per annum PTA plant  for maintenance.
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High PS prices keep market demand low
Oct 23 : Poly Styrene (PS) traders experienced low market demand due to prices of GPPS and HIPS going up.
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Nan Ya Plastics restarts MEG unit
Oct 23 : Taiwan-based Nan Ya Plastics Corporation is heard to have restarted operations of its 720 kilo tonne per annum MEG unit, which was shut-down in last week of September 2012.
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PS prices traverse upwards, in sync with global movements

Oct 22 : Indian polymer markets are sustaining contrasting price trends, with prices of PE, PP and PVC drifting down, but, prices of Poly Styrene (PS) traversing upwards.

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Jilin shuts down Acrylonitrile unit for maintenance

Oct 22 : A communication with a Chinese source revealed that Jilin Petrochemical Company has shut-down one of its Acrylonitrile production lines.

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Lackluster demand and softening prices continue in Indian markets
Oct 20 : Bearish buying sentiments continued to prevail in Indian polymer markets, amid polymer prices softening, primarily on account of producers reducing their product prices in the recent past.
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Uhde Inventa-Fischer to build JBF's PET plant in Germany
Oct 20 : Mumbai-headquartered JBF Industries Limited's ongoing overseas project of setting up a Poly Ethylene Terephthalate (PET) plant at Geel in Belgium has gained a forward-push with the company awarding the German engineering servive provider, Uhde Inventa-Fischer, the contract of providing technology in building the plant, which will bear a production capacity of 432,000 tonne per annum.
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Fushun Petrochemicals to shut-down Acrylonitrile plant
Oct 20 : China-based Fushun Petrochemicals is heard to have planned for a shut-down of its 92 kilo tonne per annum Acrylonitrile plant for maintenance purposes.
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RIL and IOCL further reduce prices, demand remains sluggish
Oct 18 : Successive price reductions by Indian petrochemical producers, Reliance Industries Limited (RIL) and Indian Oil Corporation Limited (IOCL), were the most notable aspects in the Indian polymer markets.
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Sinopec plans maintenance shut-down of PP plant
Oct 18 : China Petrochemical Corporation, commonly known as Sinopec, is heard to have planned for a maintenance shut-down of its 200 kilo tonne per annum PP plant at Shanghai in the next week.
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Total develops new variety EPS
Oct 18 : European petrochemical major, Total, will commence manufacturing a new variety of Expandable Poly Styrene (EPS) in 2013, as publicized by the company in a recent press release.
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Braskem launches new PE resin for automotive fuel tank manufacturing
Oct 18 : Brazilian petrochemical major, Braskem, has launched newly developed Poly Ethylene (PE) resins, named as, HS4506 and HS4506A, for manufacturing fuel tanks in automobiles.
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Honam shuts down MEG plant for maintenence
Oct 17 : South Korea-based Honam Petrochemicals is heard to have shut-down its 400 kilo tonne per annum MEG plant for maintenance purposes.
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Alternate feedstocks to sustain petrochemical production in future
Oct 17 : Depleting Crude Oil reserves is one of the major concerns for the petrochemical industry, which is growing rapidly, not only in India but also across the world. Driven by substantial development in industries, like, consumer durables, automobiles, infrastructure, construction, and packaging, Indian petrochemicals industry is growing impressively, at 8%-10% annually, which is the third highest growth rate in Asia, and twelfth in the world. But, experts say that ensuring sustained feedstocks supply will be difficult in the long term to cater to the demand growth, as depleting Crude Oil reserves poses an apparent threat to long term availability of Naphtha and Natural Gas. In the Petrotech 2012 Conference at Vigyan Bhawan in New Delhi, participants of the Dehradun-based Indian Institute of Petroleum delivered a presentation titled, "Feedstock options for petrochemicals", in which, they talked about some of the available resources, which could be used as alternate feedstocks for petrochemical production in sustainable ways in the long run.
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HPCL develops novel technique for increasing Propylene production
Oct 17 : Now refineries can increase Propylene production by three-fold without installing any new machineries, though a novel technique developed by Hindustan Petroleum Corporation Limited (HPCL). In the Petrotech 2012 Conference at Vigyan Bhawan in New Delhi, participants of HPCL highlighted the novel technique in a presentation titled,"Three-fold increase in Propylene production without any new hardware", in which, the participants detailed the technique, which is apparently useful for refineries in India to enhance production of the highly profitable petrochemical raw material.
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News updates from Indianpetrochem.com

Cheaper alternate feedstocks to change petrochemical production trends
Oct 16 : Availability of cheaper alternate feedstocks and emergence of new technologies will economize petrochemical productions in the days to come, as highlighted in a presentation titled, "Technology and Raw Materials for Petrochemicals-Opportunities and Threats", delivered by Bipin V Vora, a consultant with UOP, at the Petrotech 2012 Conference at Vigyan Bhawan in New Delhi today.  During the presentation, Vora highlighted the cheap feedstocks available for petrochemical production, and the related technologies which UOP provides.
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Invista highlights advantageous PTA and PET technologies at Petrotech 2012
Oct 16 : India is set to almost triple plastics consumption by the next decade, and not only plastics consumption is rising rapidly in the country, but also, the country has already established itself firmly on the global map as a major petrochemical production centre. In order to cater to the rising demand for plastics in the country, it is pertinent for Indian producers to have access to latest technologies that are environment friendly, process resources more efficiently and safe for workers. In the Petrotech 2012 Conference at Vigyan Bhawan today, Ian T Woodcock, of Invista Performance Technologies (headquartered in UK), delivered a presentation titled, "Polymer and Fibre Technologies to meet India's growing needs", in which, he highlighted technologies of his company which could be beneficial for Indian petrochemical producers.
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RIL restarts PVC plant
Oct 16 : Reliance Industries Limited (RIL) has restarted operations of its 360 kilo tonne per annum PVC plant, which was shut-down for maintenance, according to a personnel at the plant who was contacted.
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IOCL develops technology for Naphtha to Olefins and Aromatics conversion
Oct 15 : The Research and Development Centre of Indian Oil Corporation Limited (IOCL) has developed a new patented process technology for conversion of low value Naphtha into Olefins and Aromatics, according to a presentation tilted, 'Indalin: A novel technology for production of petrochemical feedstocks from low value Naphtha', delivered by participants of IOCL at the Petrotech Conference at New Delhi today.
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Bearish buying sentiment rules Indian polymer markets
Oct 13 : Bearing buying sentiments and moderation of prices prevailed in Indian polymer markets on the last day of the week. 
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Samsung Petrochemicals shuts down PTA plants for maintenance
Oct 13 : South Korea based Samsung Petrochemicals is heard to have temporarily shut-down its PTA units for maintenance.
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PET production capacity in India goes up
Oct 11 : Poly Ethylene Terephthalate (PET) production capacity in India has gone up by 2,10,000 tonne per annum (TPA), with Dhunseri Petrochem and Tea Limited (DPTL) setting in motion commercial operations of its newly set-up PET plant, of the said capacity, at Haldia in West Bengal. 
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Mitsubishi Chemical shuts down Naphtha cracker for repairs
Oct 11 : Mitsubishi Chemical Corporation (MCC) is heard to have shut-down one of its Naphtha crackers for repairs.
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Polymer prices soften in Indian markets
Oct 10 : Polymer prices in Indian markets softened on account of gradual appreciation of the Rupee against the Dollar and prevalence of dull demand in markets.

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Samnam Petrochemical shuts down PTA plant for maintenence
Oct 10 : Seoul-based Samnam Petrochemical is heard to have suspended operations of its 350 kilo tonne per annum PTA plant for maintenance purposes.
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Tianjin restarts MEG plant
Oct 10 : China-based Tianjin Petrochemicals is heard to have restarted its 380 kilo tonne per annum MEG plant, which was shut-down for maintenance.
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Ethylene production capacity goes up in China
Oct 10 : Ethylene production capacity in China has gone up by 600 kilo tonne per annum (KTPA) with a new plant going on-stream recently.
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Producer's price reductions trigger market price declines
Oct 09 : The recent price reductions by Indian petrochemical companies caused open market polymer prices to move downwards.

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Xianglu Petrochemicals plans maintenance shut-down of PET plant
Oct 09 : China-based Xianglu Petrochemicals Company Limited is heard to have planned to shut-down its PET plant for maintenance in the second half of October this year.
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Sunset Review investigation initiated on PVC (Suspension Grade) imports
Oct 09 : The Directorate General of Anti Dumping and Allied Duties, under the Ministry of Commerce and Industry, has initiated a review investigation in order to determine necessity of continuing imposition of Anti Dumping Duty on PVC (Suspension Grade) resin imports into India from Taiwan, China, Indonesia, Japan, Korea, Malaysia, Thailand and US.
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Sluggish demand continues in Indian polymer markets

Oct 08 : Traders in Indian polymer markets continued to witness sluggish demand, with producers, Reliance Industries Limited (RIL) and Indian Oil Corporation Limited (IOCL) reducing their polymer prices.
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Jilin to shut-down Acrylonitrile unit for maintenance
Oct 08 : China-based Jilin Petrochemical is heard to have planned for a maintenance shut-down of one of its Acrylonitrile lines.
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Sluggish demand pull down PE, PP and PVC prices in India

Oct 06 : Sluggish demand and appreciating Rupee against the Dollar have pulled down PE and PVC prices in India.
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Braskem Idesa awards EPC contract for its Mexican petrochemical project
Oct 06 : Braskem Idesa SAPI's ongoing project of setting up a petrochemical plant at Veracruz in Mexico crossed a decisive phase with the company awarding the engineering, procurement and construction (EPC) contract to engineering service providers.
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Govt of India eventually withdraws West Bengal PCPIR

Oct 05 : The Government of India (GoI) has withdrawn the Petroleum, Chemical and Petrochemical Investment Region (PCPIR), which was proposed to be set up at the Nayachar Island in Haldia of West Bengal, following an intimation of the ruling West Bengal government to cancel establishment of the PCPIR.
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RIL completes BP Chemicals (Malaysia) acquisition
Oct 04 : Reliance Industries Limited (RIL) has officially announced its acquisition of BP Chemicals (Malaysia) Sdn Bhd, which produces 610,000 tonne per annum Purified Terephathalic Acid (PTA), with a cost of $230 million.

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Eastman launches new PET-based polymer
Oct 04 : Kingsport-headquartered Eastman Chemical Company (ECC) has launched a new polymer, named as Aspira, based on Poly Ethylene Terephthalate (PET) resin.
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Jiutai Energy Group setting up Methanol to Olefins plant
Oct 04 : China-based Jiutai Energy Group is in the process of setting up an Ethylene unit and a Propylene unit, with a cumulative capacity of 600 kilo tonne per annum at Inner Mongolia in China.
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No notable market price declines, despite companies reducing prices
Oct 03 : Polymer prices in Indian markets did not indicate any influence of the recent price reductions by Indian companies.

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OPaL also to produce Nickel-based PBR, searching technology providers
Oct 03 : In a recent development, ONGC and GAIL (India) Limited--promoters of ONGC Petro-additions Limited (OPaL)--have decided setting up a Special Purpose Vehicle (SPV) to produce High-cis Poly Butadiene Rubber grades using Nickel based catalyst.
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Saudi Polymers Company's petrochemical facility goes on-stream
Oct 03 : Saudi Polymers Company (SPC) has commenced commercial operations of its newly established petrochemical manufacturing facility at Al-Jubail in Saudi Arabia.
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Sluggish demand prevails in Indian polymer markets

Oct 01 : Traders in various polymer markets across India experienced prevalence of sluggish demand for polymers, as many of them said when contacted.
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IOCL's Butadiene project progressed 87.80%, Butene 1 project 3.40%
Oct 01 : State-run Indian Oil Corporation Limited's (IOCL) ongoing project of setting up a Butadiene Extraction Unit (BTU) at its existing petrochemical complex in Panipat of Haryana has progressed 87.80%, according to the latest information received.
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