Kazanorgsyntez to negotiate lower ethane price

(Kommersant) - Having secured cancellation of ethane supply scheme from Gazprom, Kazanorgsyntez opened negotiations to revise pricing scheme with the Monopoly. At present, feedstock is 2 times odd more expensive for Kazanorgsyntez than it is globally. Gazprom representatives say they are ready to consider their partner's proposals.

TAIF President claimed that Kazanorgsyntez is planning to ⌠raise supply of ethane-based feedstock to 2 mln. tpa.

MRC
MRC Reference

The share in the Russian market in:
LDPE в─⌠ 26.7%;
HDPE - 31.0%.

Leader in polymers processing technologies:
film extrusion;
pipe extrusion;
EBM;
injection molding.

(plastemart) -- Wuhan Petrochemicals is to complete the construction of an 800,000 tpa ethylene plant by end of 2012. The company plans to invest 4 billion Yuan in 2010 in its new ethylene project, to be spent in construction of infrastructure and utilities like water supply, electricity, roads and other facilities.

As announced before (see mrcplast.com from July 2, 2010), the completion of Wuhan project had been scheduled for 2013.

MRC

Five out of seven PE processing sectors demonstrated downward trends in 2009. The exceptions were extrusion coatings (+51%) and extrusion blow molding sectors (+5%). ⌠Drop leaders are pipe extrusion (-32%) and cable extrusion sectors (-27%).

PE consumption growth rates in the extrusion coatings sector had been very high till 2007 inclusive(48% average). Contrariwise, that sector has been demonstrating downward trend since 2008 (-36%). Consumption in that sector was growing mostly due to imports. Share of HDPE used in this sector went up by 74%; though that of LDPE decreased more than 2 times.

PE demand in steel pipes coatings went up by 64% (to 68 kt) in 2009. Extrusion coatings sector is going to remain the key driver of PE market growth in view of resumed works on oil and gas projects (Eastern Siberia - Pacific-2 and Nord Stream). It will be followed by the cable extrusion sector; and the film extrusion sector will be the third attractive sector in the Russian PE market.

MRC

For more detailed information on processing capacities and polyethylene consumption in the context of sectors, markets and types of finished goods by each converter, please refer to ⌠Polyethylene - 2010 Annual report.

MIDLAND (Styron) -- Styron has announced the company's executive leadership team, following its sale from The Dow Chemical Company to Bain Capital Partners on June 17, 2010. The leadership announcement was made by Chris Pappas, President and Chief Executive Officer of Styron.

In addition to a number former Dow executives moving into Styron executive roles, Curtis Shaw has been named Executive Vice President and General Counsel.

Prior to joining Styron, Shaw most recently was Executive Vice President, General Counsel and Corporate Secretary at Celanese Corporation. Shaw brings to Styron a 35-year career as an accomplished corporate lawyer with extensive experience in the global chemicals and materials industry. He also held senior legal counsel roles in Olin Corporation, Occidental Chemical Corporation, NYNEX Corporation and Charter Communications. Shaw received a J.D. Degree from Columbia University School of Law in 1973, and B.A. Degree with honors in Economics from Trinity College in 1970.

MRC

(DSM) -- DSM Engineering Plastics and RESINEX have entered into a distribution agreement, to join forces in the market development and sales of DSM Engineering Plastics resins in Romania, Bulgaria, Slovenia, Croatia, Serbia and Bosnia.

The move, which is effective from 1 July 2010, is designed to strengthen the position of DSM Engineering Plastics in Eastern Europe. As such, this agreement is in line with DSM's corporate strategy to focus on new and emerging markets - as defined in Vision 2010, the corporate blueprint for future development of the company.

MRC