Prices for Ukrainian polypropylene start decreasing in the domestic market

MOSCOW (MRC) -- Prices for Ukrainian polypropylene started decreasing in the domestic market. In spite of the fact that Ukrainian PP-homo supply is limited, raffia price decreased to UAH 16.950 - 17.150/mt, including VAT, FCA Lysychansk - according to MRC Price reports.

By preliminary data, Linos is planning to resume PP production no earlier than late June. So, production in June will form around 1 kt. of polypropylene. Quite close terms of PP production launch in Lysychansk even now make many market players reconsider present level of raffia prices.

In Europe situation with PP supply continues to get more serious. Material deficit became the reason of reduction of export quotes by many European producers in June. Price for European PP for delivery into Ukrainian market in June went up on average EUR 50-70/mt.

MRC

For more information about Ukrainian PP market please refer to MRC Price reports.

Samsung Engineering to build new polyolefin plant for Borouge

(plastemart) -- Samsung Engineering and JV partner Tecnimont (Italy) received a contract for a US$1.25 polyolefin plant and a US$400 mln low density polyethylene (LDPE) plant from Abu Dhabi Polymers Co. Ltd (Borouge), a JV of UAE's ADNOC and Austria's Borealis.

Currently Samsung Engineering is executing US$7 bln projects with ADNOC.

Samsung Engineering-Tecnimont will head 2 out of 3 packages of the Borouge 3 expansion project for the UAE's Ruwais refinery complex. The expansion project includes the world's largest polyolefin plant, which will produce 900,000 tons of polypropylene and 108,000 tons of polyethylene. The second package consists of a plant that will produce 350,000 tons of LDPE.

MRCMRC Reference

Borealis. The share in the Russian market in 2008:

polyethylene - 4.1% (including HDPE - 4.7%, LLDPE - 8.7%);
polypropylene - 3.2% (PP-impact - 7.5%).

Annual sales growth in Russia over the last 5 years:
polyethylene - 11%;
polypropylene - 6%.

Leader in polymers processing technologies:
extrusion coating;
cable extrusion;
injection molding.


Exxon Mobil petrochemical plant launch delay canceled

(Reuters) -- Exxon Mobil Corp will not delay the start up of its new petrochemical plant in Singapore despite the glut in ethylene supplies.

- We are into long-term investments. The petrochemical industry goes through many cycles. We cannot predict the cycles", - ExxonMobil's senior vice president Andrew Swiger told a news conference at the Asia Oil and Gas Conference. - We will start our plant as scheduled.

The multibillion-dollar ethylene cracker on Singapore's Jurong Island has a capacity of 1 million tonnes per year (tpy).

MRC

DuPont builds film plant for laminated glass

(prw) -- DuPont group is constructing a new plant for the production of films for laminated glass in the Moravian town of Holesov in the Czech Republic.

The global chemicals and plastics group, through its local subsidiary Retrim-CZ, is investing around ┬9.2m in the new facility which initially will employ 15. It is scheduled to be launched in October this year.

DuPont, with a national base in the Czech capital Prague, acquired the Czech safety glass interlayer company Retrim, a specialist in recycling PVB (polyvinyl butyral resin) materials, based in Zlin in 2004. Its technology allows the re-use of the material in the manufacture of automotive and architectural laminated glass.

DuPont was already producing safety glass interlayer materials at other plants in South Korea, the US and Germany. The Czech acquisition was also designed to boost DuPont's presence in central and Eastern Europe.

In 2009, the US group, which employs a total of 111 people in the Czech Republic, opened a structural demonstration centre in Prague.

MRC


IOC activates 850,000 tons ethylene plant

(fibre2fashion.com) -- The India Oil Corporation (IOC) the biggest state-owned refining company in India has set up a 850,000 tons / year ethylene plant in Panipat in Punjab. The plant uses the latest Lummus Global's patented technology.

The plant which started in March has been built at a cost of Rs 144 billion. The raw material, naphtha will be sourced from its Koyali, Mathura and Panipat refineries.

According to IOC, the current utilization of the plant is 50 percent. By the first week of June 2010, IOC plans to activate the downstream derivatives production unit.

This will include 350,000 tons / year linear low density polyethylene, 300,000 tons / year high density polyethylene, 650,000 tons / year of polypropylene, in addition to a 600,000 tons / year of purified terephthalic acid (PTA) plant.

MRC