Plastic Planet to participate in The Polymers Summit-2011

(ICIS-MRC) -- Deputy director of Plastic Planet Oleg Drofa, Director of Plastic Planet Alexander Grishko, as well as Constantine Vashchenko, Director of Development, Plastic Planet, will take part in The Polymers Summit-2011 to be held in Moscow on 30 November, 2011, in The Ritz-Carlton Moscow. The Summit is organized by MRC (Market Report Company) and supported by ICIS.

Among others, the Summit participants will discuss the issues of pricing, PET and PVC market conditions, PP surplus, resources saving. The Summit program is formed on the basis of questions to speakers. The reports will be short and the speakers' time will be mainly devoted to negotiations with colleagues.

The Summit site gives a possibility to ask questions to the speakers, invite for a cup of coffee and confirm or postpone a meeting. Registration on a site is free. For now there are 357 registered users of the Summit site - representatives of major Russian and foreign petrochemical companies.


MRC

Braskem SA and Petroleos del Peru SA to build a $3 billion petrochemical plant

(Bloomberg) -- Braskem SA and Petroleos del Peru SA said they will seek to build a $3 billion petrochemical plant on the Peruvian coast.


The plant, which may start producing 1 million metric tons a year of polyethylene by 2017, would be the only petrochemical plant on Latin America's Pacific Coast, Braskem vice president Luis de Mendonca said today at the signing of a letter of intent in Lima.

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS.

The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.


MRC

Rodenburg Biopolymers acquired fellow Dutch bioplastics producer Optimum

(PlastEurope) -- In a move that significantly broadens its product portfolio, Rodenburg Biopolymers (Oosterhout / The Netherlands) in mid-November 2011 announced that it had acquired fellow Dutch bioplastics producer Optimum (Oosterhout). Financial details of the deal were not disclosed.


The purchase allows Rodenburg to serve both the converter and the compounder markets with biopolymers, including its own ⌠Solanyl compound based on reclaimed side stream starch from the potato processing industry. This is now complemented by Optimum's proprietary ⌠FlourPlast biopolymer, based on grain-derived products, which can be directly compounded with existing biopolyesters.

In addition, ⌠FlourPlast allows processors to fine-tune bioplastic or polyolefin formulations to achieve desired properties and reduce costs. Both bioplastics were developed in cooperation with Wacker Chemie (Munich / Germany).

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.


MRC

Active Green Window Solutions commissioned a new line for the production of profiles

(PlastEurope) -- As part of a cooperation with Germany's Rehau, Indian window and door manufacturer Active Green Window Solutions (AGWS, Pashamylaram, Andhra Pradesh) recently commissioned a new line for the production of window and door profiles. Aside from providing the profiles and the processing know-how, Rehau also is training the personnel.
AGWS management said it is confident the line will achieve full capacity utilisation within the first 30 days of operations. According to several media reports, the Indian company is already planning to install a second line.


Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.


MRC

Asia's spot prices of lauric acids continue to increase

(ICIS) -- Spot prices of lauric acids in Asia may continue to increase after rising sharply over the past two weeks, backed by high values of feedstocks crude palm oil (CPO) and crude palm kernel oil (CPKO), industry sources said on Monday. Spot prices were assessed at $1,300-1,400/tonne (┬975-1,050/tonne) FOB (free on board) SE (southeast) Asia in the week ending 23 November, up by $200/tonne or 16-18% from 9 November, according to ICIS.


⌠We are offering lauric at $1,500/tonne FOB SE Asia due to the current high CPKO price, said a major Indonesian producer. CPKO prices stood at $1,295/tonne FOB Malaysia on 25 November, according to the website of GateTrade, a trading platform for palm oil, coconut oil and biodiesel.
CPO prices are also on the rise on expectations of lower harvest due to the monsoon season in southeast Asia. On 25 November, CPO prices stood at M$3,070/tonne ($959/tonne), according to data from Bursa Malaysia.


Lauric acids are mainly used for the production of soaps and cosmetics. In southeast Asia, lauric acids are primarily derived from palm kernel oil and coconut oil.
Meanwhile, mid-cut C12-14 alcohols, which also use CPKO as the main feedstock, saw almost an 18% increase in prices over the past two weeks to $1,980-2,050/tonne on 23 November, ICIS data showed.


Some customers in the fatty alcohols market have been snapping up futures cargoes on expectations that prices will continue to rise.

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.


MRC