January-September imports of PET to Ukraine increased by 2.5%

MOSCOW (MRC) -- In September, imports of PET in the domestic market of Ukraine rose to 10,200 tonnes. Over three quarters of 2012 the total imports of PET made 125,000 tonnes, up 2.5% year on year, according to MRC DataScope.
In September, imports of PET to Ukraine increased by 50%, from August to about 10,200 tonnes of granulates, whereas in the previous month, the converters purchased only 6,800 tonnes.

In August, many companies worked using their stock inventories, but by September the residues had come to the end.

The Chinese PET dominated in September imports, having reached about 6,300 tonnes. The most popular brand among Ukrainian consumers was brand Skypet by SK Chemicals production. South Korean PET was not delivered at all in September, due to high prices of PTA and MEG.

In general, in January - September the total imports of PET to Ukraine amounted to 125,000 tonnes, up 2.5% year on year. While this year many Ukrainian converters reported good demand for finished products from the bottlers. The imports are not expected to grow in Q4. A slight increase in imports can be seen in November-December, on the eve of the New Year holidays.

MRC

(lubrizol) -- Lubrizol plans to spend USD125 million to build a Texas plant to supply resins and other materials to polyvinyl chlorine producers.

The company said it expects the PVC market to grow in the coming years, especially in India and other developing countries. It added that the plant in Deer Park, near Houston, is the first step to a wider expansion in PVC.

It chose the Texas location because it as adjacent to an existing Lubrizol chemical additives plant. The company added that Deer Park's proximity to the Houston Shipping Channel and access to chlorine pipelines played into its decision.

"We are ensuring future technology requirements are met and our responses to changes in demand are well managed," Lubrizol Advanced Materials President Eric Schnur said in a prepared statement. "With this additional capacity, we will be in a much stronger position to better serve the needs of our existing and future customers globally."

Headquartered in Wickliffe, Ohio, United States, Lubrizol Corporation is a specialty chemical company that produces and supplies technologies.

The company has two major business segments: Lubrizol Additives (LZA), a leading global supplier of fuel and lubricant additives for transportation and industrial applications; and Lubrizol Advanced Materials (LZAM), a leading global producer of advanced specialty polymers, polymer-based additives and chemical additives for a broad range of consumer and industrial applications.
MRC

MOSCOW (MRC) -- The construction of the petrochemical terminal Vostochny is scheduled for June 2013, according to a news agency "Portnews".

As MRC reported earlier, at the territory owned by Sea Port Vostochny, Pacific Engineering Company has been conducting geophysical operations since H1 2012. According to the captain of Port Vostochny, Andrew Gorodishtyana, the terminal construction project might undergo environmental assessment in November. The completion of the engineering design and obtaining the Certificate of Glavgosekspertiza on this project is scheduled for May 2013.

The petrochemical terminal Vostochny will be built for the needs of Rosneft, which, as MRC informed previously, began to constuct a petrochemical complex in the town of Wrangell (Nakhodka) in September this year. The petrochemical complex will produce polypropylene (PP), high density polyethylene (HDPE) and low density polyethylene (LDPE), monoethylene glycol and other petrochemicals. The first production units of the petrochemical complex will be able to process 3.4 million tonnes of feedstocks per year, which will be supplied from Rosneft refineries: Achinsk refinery, Komsomolsk Refinery and Angarsk petrochemical company.

The start-up of the production at the petrochemical complex is planned for December 2016. The estimated cost of the project is more than USD5 billion. In the future, the volume of hydrocarbon processing can be increased up to 10 million tonnes a year.
MRC

(chemicals-technology) -- Ube Industries is planning to construct and add additional manufacturing capacity for nylon 6 at its subsidiary, Ube Engineering Plastics, in Castellon, Spain, in order to meet the growing demand for high added-value nylon in the European and North American markets.

"Ube Industries produces 53,000, 75,000, 20,000tpa of nylon 6 at its Japanese, Thai and Spanish plants respectively."

Currently, Ube's Japanese manufacturing plant produces nylon 6 copolymer resins and exports them to European and North American markets. The company, with the help of the Spanish facility, intends to serve the needs of European and North American customers in a more efficient way.

The additional nylon 6 manufacturing capacity will also enable Ube to capitalise on the demand for nylon used in packaging films in South America, eastern Europe and the Middle Eastern regions.

Ube Industries produces 53,000, 75,000, 20,000tpa of nylon 6 at its Japanese, Thai and Spanish plants respectively, making it the world's third largest manufacturer of nylon6, according to the company.

The growing demand for eco-friendly films has increased the market for nylon used in packaging films for products such as food, toiletries and detergents, as well as specifically to substitute polyvinylidene chloride (PVDC) films.
The proposed facility will produce 10,000tpa of nylon and is expected to start its operation in March 2015.

Ube Industries, Ltd. is a Japanese chemical company. UBE Group is doing business worldwide, especially Thailand(Rayong Province) and Spain (Province of Castellon) are main sites for petrochemical business.
MRC

(ineos) -- Based on unaudited management information INEOS reports that EBITDA for the third quarter of 2012 was EUR432 million, compared to EUR371 million for Q3, 2011 and EUR308 million for Q2, 2012.

Petrochemical markets have continued to be subdued with industry sentiment remaining cautious, particularly in Europe and Asia. In contrast, business in North America has been strong with the benefit of its current feedstock advantage.

Demand for chemical intermediates has been mixed in the quarter. Product prices have adjusted in line with increased raw material costs, but volumes have remained subdued.

O&P North America reported EBITDA of EUR202 million compared to EUR126 million in Q3, 2011. Overall polymer demand was also strong with derivative exports remaining high as gas crackers continued to benefit from a significant global cost advantage. Domestic polymer demand continued to be relatively subdued though.

O&P Europe reported EBITDA of EUR53 million compared to EUR80 million in Q3, 2011. Demand for olefins in the quarter reflected the softening macro-economic environment. Polymer market sentiment remained weak with reduced levels of discretionary demand. The softness in the polymer markets has also resulted in low margins in the quarter.

MRC