Teknor Apex presents an expanded range of engineering thermoplastics

(teknorapex) -- Teknor Apex has restructured and expanded its portfolio of engineering thermoplastic (ETP) compounds for use by European processors, offering products ranging from general-purpose formulations to a wealth of specialty modified grades, and now including many polyamide (PA) compounds developed in the USA for automotive applications.

The company's products now fall into two broad families: Beetle range of PA, PET, PBT compounds (for automotive, electrical, consumer, industrial, construction, sport and leisure, and wire coating applications) and Chemlon PA compounds (for automotive applications, which include dozens of formulations developed for powertrain, chassis, exterior, and interior components, with approvals from Chrysler, Ford, and General Motors). A special series of 'economy nylon' compounds called Beetle-E has been developed for general-purpose applications.

The latest example of a PA automotive compound available worldwide is the new Chemlon 800 Series of injection molding compounds. The new compounds provide a practical alternative for processors amidst industry concerns about PA 12 supplies.

Teknor Apex is one of the world’s leading custom compounders headquartered in Pawtucket, Rhode Island, USA. The company produces PA compounds in the UK, the U.S.A., and Singapore. Teknor Apex is one of the world's leaders of specialty PVC compounds which are used in a wide range of applications from wire and cable to automotive, medical, consumer and industrial products. The company also produces thermoplastic elastomers, nylon, bioplastics, chemicals, specialty compounds.
MRC

(ccr) -- Demand for polyethylene (PE) resins in New Delhi may be dampened by a new ban on plastics bags, industry players said on September 19.

The Delhi government has imposed a blanket ban on the manufacture, storage and usage of plastic bags in the capital, regardless of thickness.

The new ban will curtail demand for PE film and coating grades, which are the raw materials in the production of plastic bags.
MRC

(plastemart) -- Qatar Petroleum plans to finance projects to the tune of USD10-13 bln in 2014, as reported by Bloomberg.

The projects are likely to include two petrochemical plants and an aromatics complex.

Qatar Petroleum plans to spend as much as USD25 billion over the next five years on projects, including a planned USD6.4 bln petrochemical plant in partnership with Royal Dutch Shell Plc (RDSA) and a USD5.5 bln plant in partnership with Qatar Petrochemical Co, a unit of Industries Qatar.

Qatar Petroleum is a state owned petroleum company in Qatar.
The Qatar Petrochemical Company produces ethylene, low density polyethylene, and sulfur. Its facilities consist of an ethylene plant producing 525,000 tonnes per annum (tpa), two low density polyethylene (LDPE) plants with 360,000 tpa and a sulphur plant with 70,000 tpa.
MRC

(ccr) -- Moody's Investors Service has upgraded SIBUR's corporate family rating (CFR) and probability of default rating (PDR) to Ba1 from Ba2 with stable outlook.

According to Moody's, SIBUR has demonstrated high profitability through the cycle, above that of many of its European peers. This is underpinned by SIBUR's competitive cost position, which is driven by the company's access to low-cost APG and competitively priced liquid hydrocarbon feedstock in Western Siberia, and diversification into selling natural gas, LPG, naphtha and other related products and fuel additives.The rating action was also due to SIBUR's robust historical financial performance through the cycle, which demonstrated the company's resilience to downturns.

Moody's expects that the launch of Tobolsk-Polymer plant in H12013, one of the company's major investment projects, will improve its vertical integration, underlying profitability and cash flow generation.

SIBUR is the leading petrochemical company in Russia and Eastern Europe. The Company operates across the entire petrochemical process chain from gas processing to the production of monomers, plastics and synthetic rubbers, as well as the processing of plastics.
MRC

(chemmonitor) -- BP is in talks with Rosneft that may result in the British oil major acquiring at least 12.5% of the Russian state oil firm, the Kommersant financial daily reported on Thursday, citing sources close to the two companies.

BP's acquisition of Rosneft shares would take place as part of a deal under discussion to sell BP's 50% stake in Anglo-Russian oil venture TNK-BP, Russia's No.3 oil firm.

Rosneft is looking at buying 25% of TNK-BP's shares for USD10-USD15 billion in cash, with another 25% to be acquired with Rosneft shares, Kommersant wrote. It also reported that Rosneft planned to use treasury shares representing 9.53% of its equity, as well as shares acquired in a recent buy-back, worth just over 3% of its equity.
Rosneft declined immediate comment on the Kommersant report.

The details published in Kommersant follow a meeting on Tuesday between President Vladimir Putin, Rosneft CEO Igor Sechin, BP's Chief Executive Robert Dudley and Chairman Carl-Henric Svanberg. Sources close to both companies said on Wednesday that talks were progressing but played down expectations of an imminent breakthrough.

The co-owners of TNK-BP, a quartet of Soviet-born tycoons represented by the AAR consortium, have also expressed interest in buying 25% of the company from BP for USD10 billion, but talks have stalled, sources familiar with the matter say.

Under a shareholders agreement, third parties may not strike a deal to buy BP's stake in TNK-BP before a mid-October deadline expires.
MRC