News updates from Indianpetrochem.com

Ineos to provide technology for PETRONAS PE plant, to be set up in Malaysia  
30 Nov: Malaysian government owned PETRONAS has accomplished a decisive task in its ongoing Refinery And Petrochemical Integrated Development (RAPID) project in that country by awarding the European technology provider, Ineos Technologies, a contract for providing technology for the PE plant to be set up as part of the project. 
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Buying activities strengthen in some polymer markets in India
29 Nov: Mixed buying trends were reported from the polymer markets in India assessed. 
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Lackluster conditions remain prevalent in Indian polymer markets
28 Nov : There were no changes in market conditions in Indian polymer markets, with demand patterns remaining sluggish.
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Lean price fluctuations prevail in Indian polymer markets    
27 Nov : Polymer markets in India were ruled by moderate fluctuations in polymer prices amid sluggish market conditions.
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Yanbu National Petrochemical Company shuts down
MEG plant for maintenance (Free News)    
27 Nov : In a communication with a source in the Middle East, Saudi Arabian petrochemical company, Yanbu National Petrochemical Company, is learnt to have suspended operations of its MEG plant in order to carry out maintenance activities.
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Bearish sentiments continues to prevail in Indian polymer markets
26 Nov : Buying sentiments continue to remain bearish in Indian polymer markets, with traders continuing to experience sluggish demand.
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Delhi govt's plastic bags ban shrinks polymer demand further in the city
24 Nov : Polymer demand in the Delhi market contracted further due the state government banning manufacture as well as sale of plastic bags in the capital with effect from yesterday.
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Nan Ya Plastics Corporation shuts down MEG plant for maintenance (Free News)  
24 Nov : Taiwan based Nan Ya Plastics Corporation is heard to have shut-down its MEG plant for maintenance purposes.
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Research in polymer technology in India entitled for Rs 6 crore government grant (Free News)  
23 Nov : Existing educational and research institutions in India, pertaining to polymer technology, are entitled for financial grants upto 50% of costs of projects undertaken for conducting research in polymer science and technology, as informed by Shri Srikant Kumar Jena, the Minister of State in the Ministry of Chemicals and Fertilizers, to the Lok Sabha.
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BP Zhuhai shuts down PTA plant for maintenance (Free News)  
23 Nov : In a communication with a source in China, British Petroleum Zhuhai is learnt to have temporarily shut-down its 650 kilo tonne per annum PTA plant for maintenance.
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Market demand contracts in Indian polymer markets due to producers hiking prices

Nov 22: The price-hikes by Reliance Industries Limited (RIL) and Indian Oil Corporation Limited (IOCL) dampened buying moods of plastic item manufacturers across the markets in India.
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Lean price fluctuations prevail in Indian polymer markets
21 Nov : No major polymer price fluctuation was reported from any of the Indian markets.

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HC Petrochem to start commercial operations of new Aromatics facility in January 2013 (Free News)
21 Nov : In a communication with a source in South Korea, HC Petrochem is learnt to have scheduled start-up of commercial operations of its newly set-up Aromatics plant at Daesan in that country in January 2013.
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China Shenhua Group subsidiary setting up PP plant in China, Ineos provides technology (Free News)  
20 Nov : PP production capacity in China is set to increase by 450 kilo tonne per annum (KTPA) as a subsidiary of China Shenhua Group Corporation Limited is setting up a plant of the kind at the Urumqi City in the Xinjiang Uyghur Autonomous Region of China.
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JSR Corporation to soon restart E-SBR plant, shut-down due to fire out-break (Free News)  
20 Nov : JSR Corporation will soon restart operations of its Emulsion Polymerization Styrene Butadiene Rubber (E-SBR) production line  its Yokkaichi plant that was shut-down on November 15,2012 due to a fire-outbreak incident, the company said.
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OMPL allows bidders to form consortium in bidding against arranging equity funds upto 51%

Nov 19: In the latest development of the tendering process of ONGC Mangalore Petrochemicals Limited (OMPL) for selecting an equity advisor cum arranger for arranging 51% equity funds, the management has now allowed the prospective bidders to form their respective consortiums in bidding against the tender in view of the complexity of the assignment involved.
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RIL's PP price hike slackens PP demand in Indian polymer markets

Nov 17 : Demand for PP remained subdued in Indian markets due to RIL hiking its price for the polymer.
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Dhunseri Petrochem commissions new PET plant at Haldia (Free News)

Nov 16: Dhunseri Petrochem and Tea Limited successfully commissioned yesterday its newly set-up 2,10,000 tonne per annum (TPA) Poly Ethylene Terephthalate (PET) plant at its existing production complex in Haldia of West Bengal.
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Indorama to set up PET plant in US (Free News)
Nov 16 : Thailand-based Indorama Ventures will set up a 540,000 tonne per annum (TPA) Poly Ethylene Terephthalate (PET) plant in the US, the company said in a release.
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Odisha Plastic Park authority seeking co-developer in setting up the park (Free News)
15 Nov : The Odisha government is in the process of setting up a Plastic Park at Paradeep in the state with the objective of facilitating promotion of plastic industrial units, taking advantages of proximity of feedstock sources in the nearby upcoming Petroleum, Chemical and Petrochemical Investment Region (PCPIR).
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Shell to enhance capacity of its Ethylene cracker in Singapore (Free News)
15 Nov : Shell will debottleneck its existing Ethylene cracker at Pulau Bukom, situated on the Bukom Island of Singapore, to increase the cumulative production capacities of Olefins and Aromatics by more than 20%, the company said today.
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Mitsui subsidiary to expand Asia Metallocene LLDPE business (Free News)

Nov 14: Mitsui Chemicals Incorporated's (MCI) wholly-owned subsidiary, Prime Polymers Company Limited (PPCL), will expand its Metallocene LLDPE business operations in Asia.
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Sipchem affiliate setting up EVA Film plant (Free News)
Nov 14 : Sipchem Chemicals Company, an affiliate of Saudi International Petrochemical Company (commonly known as Sipchem), is setting up a 4,000 metric tonne per annum (MTPA) Ethyl Vinyl Acetate (EVA) Film plant at Hail in Saudi Arabia.
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OMPL commercial operations to begin in Q1FY14, shareholdings of original promoters to reduce to 49%

Nov 12: ONGC Mangalore Petrochemicals Limited's (OMPL) aromatics complex at Mangalore Special Economic Zone has progressed 86.17%, and commercial production is expected in Q1FY14, according to the company.
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OMPL invites bids for Benzene and Para Xylene off-takes on long-term basis
Nov 12 : With the expectation of commencement of commercial operations in Q1FY14, the management of ONGC Mangalore Petrochemicals Limited (OMPL) has begun developing a market for the 900 kilo tonne per annum (KTPA) of Para Xylene and 270 KTPA of Benzene to be produced after the aromatics complex going on-stream.
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UOP to provide Methanol-to-Olefins technology to Chinese petrochemical plant (Free News)

Nov 09: China-based Shandong Yangmei Hengtong Chemicals Company Limited has selected UOP(a Honeywell Company) as the technology provider for its ongoing project of setting up an Olefins plant at Tancheng in Shandong of that country.
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Foster Wheeler to provide engineering services for RIL's Para Xylene project (Free News)
Nov 09 : Reliance Industries Limited (RIL) has awarded the contract of providing engineering and procurement services for its Para Xylene project at Jamnagar in Gujarat to Foster Wheeler (FW).
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GAIL and IOCL further hikes PE prices, market sentiments continue to dampen

Nov 08: Buying moods of polymer buyers were subdued further by producers further hiking their prices.

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Polymer prices undergo moderate movements in Indian markets
7 Nov : Polymer prices in Indian markets moved moderately, causing no major impacts on market conditions.
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MRPL assessing feasibility of Polyolefin complex at Mangalore (Free News)   
7 Nov : Mangalore Refinery and Petrochemicals Limited (MRPL) is in the preliminary stages of setting up a Polyolefin complex at Mangalore in Karnataka. 
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Sluggish demand continues to prevail in Indian polymer markets
6 Nov : There had been no improvements in demand patterns in Indian polymer markets.
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PE capacity in Qatar to go up, Qatar Petrochemical inaugurating LDPE plant this month (Free News)  
6 Nov : Qatar Petrochemical Company (QPC) will inaugurate on November 20,2012 its newly set up 300,000 metric tonne per annum (MTPA) LDPE plant at its existing petrochemical production facility in Mesaieed Industrial City of that country.
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Bearish buying sentiments continue in Indian polymer markets

5 Nov : Buying sentiments continued to remain bearish in Indian polymer markets due to the recent price-hikes by producers in their latest price revisions. More>> Indo Rama Synthetics to set up PTA, PET and PSF plants in Chennai, signs MoU with state government
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Indo Rama Synthetics to set up PTA, PET and PSF plants in Chennai, signs MoU with state government (Free News)
5 Nov : Indo Rama Synthetics (India) Limited, headquartered at Gurgaon, has today signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for setting up PTA, PET and PSF plants in the state.
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Equate restarts MEG plant, shut-down in July (Free News)
5 Nov : Equate Petrochemical Company's 550,000 metric tonne per annum (MTPA) Mono Ethylene Glycol (MEG) plant, which was shut-down in July this year, has resumed operations. 
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Polymer prices drift upwards in Indian markets, following recent price hikes by producers

3 Nov : Polymer prices in Indian markets assessed today showed an upward trend with most prices moving up from the previous rates.

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SIBUR begins operations of new Expanded Poly Styrene line (Free News)
3 Nov : Russian petrochemical major, Sibur, has recently commenced operations of its newly set-up 50,000 tonne per annum (TPA) Expandable Poly Styrene (EPS) line at its existing production site in Perm of that country. 
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Market sentiments dampen due to IOCL, GAIL and RIL hiking PE and PP prices
1 Nov : Simultaneous price hikes by Indian polymer producers dampened buying moods of buyers in Indian polymer markets.
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Yeochun NCC restarts petrochemicals plant
1 Nov : Seoul-headquartered petrochemical major, Yeochun NCC, is heard to have restarted its petrochemicals plant at Yeosu in South Korea after a maintenance shut-down.

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