Polystyrene imports to the Ukrainian market in September exceeded 7 KT

Traditionally EPS supplies to Ukraine are done from Poland and China. In September the supplies geography shifted to China, whose total EPS supplies volume made up 5,7 KT summarizing the nine months. The imports of the Polish EPS during January-September 2010 made up 5,4 KT.

For more detailed information on the Ukrainian polystyrene market, see DataScope Report.

MRC

(Marketwire) -- Finacity Corporation announced that it facilitated a cross-border trade receivable funding program for INEOS NOVA, LLC.

INEOS NOVA headquartered in Channahon, Illinois is a world-scale, globally competitive producer of styrene, polystyrene and expandable polystyrene.

Finacity Corporation specializes in the structuring and provision of efficient capital markets receivables funding programs, state-of-the-art servicing, and bond administration. Finacity is located in the USA and Europe.

MRC

(Plastics News) -- Three major resin suppliers -- LyondellBasell , Styron LLC and Braskem America Inc. -- have joined the American Chemistry Council's plastics division.

Styron's Bob Patel (senior vice president, olefins & polyolefins), Braskem's Mark Nikolich (vice president - commercial), and LyondellBasell's Paul Moyer (vice president and general manager, plastics) have been appointed to serve on the division's operating committee.

Steve Russell, vice president of Washington-based ACC's plastics division, said in a news release that the addition of the three companies strengthens the unified voice of the plastic resin supplier industry.

The Plastics Division of the American Chemistry Council (ACC) represents leading manufacturers of plastic resins who advocate unlimited opportunities for plastics and promote their economic, environmental and societal benefits.

MRC

(Plastics News) -- Sabic (Saudi Basic Industries Corp.) has placed sustainability at the center of its development efforts. At K 2010, the firm offered several new sustainable products, including grades of Noryl-brand PPO/PPE, Cycoloy-brand polycarbonate/ABS and Lexan-brand PC resins that contain post-consumer recycled content.

⌠We are stressing that growth must be sustainable, Sabic chief operating officer Mohamed Al-Mady said at the event. ⌠We're looking at recyclability, weight out and fuel efficiency, as well as reducing carbon footprint, water usage and power usage.

In addition to opening the massive, new Saudi Kayaan PC plant in Al-Jubail, Saudi Arabia early next year, Al-Mady said that Sabic ⌠is contemplating the addition of PC to a petrochemicals site it operates in China through a joint venture with Sinopec.

MRC

(Plastics News) -- America's Mountain Valley Recycling LLC may open a plastics recycling plant in a former Ford Motor Co. plant in Sterling Heights, creating 396 jobs.

The company is investing $29.5 million in the project, according to the Michigan Economic Growth Authority, which agreed Oct. 26 to provide a state tax credit of $5.1 million over seven years for the operation.

Mountain Valley President and CEO Ronald Whaley said the company's basic model is to ⌠take plastic waste from retailers and other companies that generate a lot of waste, and create a sustainable resin generation process we can sell to other companies.

MRC