(Plastemart) -- Saudi Arabia has praised steps taken by India's Commerce Ministry, that have led to the agreement between the two sides on freezing the anti-dumping duties on imports of polypropylene.
The step is a prelude to its final settlement, and comes within the framework of the policy pursued by the Saudi government for the protection of the country's industry based on the distinguished relations it shares with other countries.
(Plastemart) -- Within the framework of strengthening its solid presence in China, Qatar Petrochemical Co. (Qapco), Qatofin have signed a logistic services agreement with Kerry Talke Chemical Logistics (Shanghai) Limited for Qapco's and Qatofin's Products handling and warehousing in China.
Mr. Abdulrahman Ali Al-Abdulla, Qapco's Group Manager, Commercial & Marketing, stated that this agreement is not just a regular partnership agreement, but it is considered a major milestone in Qapco's & Qatofin's history, and one of the biggest logistics contracts for the company.
Qapco is a leading company in the ethylene, polyethylene markets in the Middle East and it is anxious to reinforce that position and strive towards increasing its share in the world markets, the company is currently producing 800,000 tpa ethylene and 400,000 KMTA of Polyethylene (LDPE).
After the start up of LDPE-3, the total LDPE production capacity would be increased to over 650 KTPA. This project is still under construction, with a capacity of 250,000 tpa expandable to 300,000 tpa at at Mesaieed Industrial City (MIC). It is forecasted to be completed by the end of 2011.
(ICIS) -- INEOS's third-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) grew 24.9% year on year to ┬406m ($564m), excluding refinery inventory holding losses, thanks to a continuation of improved demand for chemicals, the Swiss-headquartered company said late on Monday.
⌠Demand for chemical intermediates has continued to be strong across all sectors and all regions. The market for acrylonitrile has been very tight and high margins have been maintained, INEOS said in a statement.
⌠Underlying demand for oligomers continued to improve in the quarter. The oxide business continued to benefit from strong demand for its derivative products, it added.
⌠Demand for polypropylene continues to be strong and domestic demand for polyethylene continues to recover, especially in the automotive, injection moulding and speciality packaging sectors, INEOS said.
(PRW) -- Solvay is collaborating with Mitsubishi Gas Chemical (MGC) on the development of renewably-sourced speciality polymers. The work is initially focused on high-temperature bio-based polyamides based on castor oil-derived Sebacic acid.
⌠This collaboration brings together two world-class companies who seek to extend the performance profile of bio-based polyamides, said George Corbin, president of Solvay Advanced Polymers. ⌠This is driven by environmentally-conscious manufacturers who are continually striving for new sustainable alternatives.
The new material boasts low moisture retention, a high crystallisation rate, excellent wear resistance and good toughness. Key potential uses include reflow soldering applications, high-temperature automotive parts and sliding applications.
(PRW) -- Solvay is collaborating with Mitsubishi Gas Chemical (MGC) on the development of renewably-sourced speciality polymers. The work is initially focused on high-temperature bio-based polyamides based on castor oil-derived Sebacic acid.
⌠This collaboration brings together two world-class companies who seek to extend the performance profile of bio-based polyamides, said George Corbin, president of Solvay Advanced Polymers. ⌠This is driven by environmentally-conscious manufacturers who are continually striving for new sustainable alternatives.
The new material boasts low moisture retention, a high crystallisation rate, excellent wear resistance and good toughness. Key potential uses include reflow soldering applications, high-temperature automotive parts and sliding applications.
MRC
Icis
en