Industry: Polyolefins

Nizhnekamskneftekhim selects Spherilene process for new LDPE/HDPE plant Nizhnekamskneftekhim announced the selection of Basell’s Spherilene® polyethylene technology for a new 230 KT per year plant to produce linear low-density and high-density polyethylene. The plant is to be built in Nizhnekamsk, Republic of Tatarstan, Russia, with a start-up planned for 2007. According to Basell, the new […]

Sinopec selects Basell’s Lupotech® technology for the LDPE plant in China Basell announced that China Petroleum & Chemical Corporation (Sinopec) has selected Basell’s Lupotech T technology for a new 250 KT per year LDPE plant to be built at Maoming in Guangdong province, PRC. UHDE GmbH of Dortmund, Germany will be the engineering contractor for […]

Indian Oil Corporation selects NOVA Chemicals’ SCLAIRTECH™ technology for LLDPE/HDPE Swing plant in India NOVA Chemicals announced its proprietary SCLAIRTECH™ technology has been selected by Indian Oil Corporation Limited (IOCL) for a new linear-low density/high-density polyethylene (LLDPE/HDPE) plant in India. Scheduled for completion in the third quarter of 2007, the facility is designed to produce […]

Polyolefin producers report third-quarter earnings Dow Chemical Company Dow Chemical announced third-quarter sales of more than $10 billion. The sales for the quarter were the highest for the first time in Dow’s history, up 26% from the same period last year, reflecting a 19 percent increase in price and a 7% increase in volume. Net […]

Nova Chemicals announces profitable third quarter results NOVA Chemicals Corporation announced net income of $56 million ($0.60 per share diluted) for the third quarter of 2004. This compares to net income to common shareholders of $27 million ($0.30 per share diluted) in the second quarter of 2004. In the third quarter of 2003, NOVA Chemicals […]

ExxonMobil to acquire 50% share in CIPEN ExxonMobil Chemical announced its plans to acquire Basell’s 50 percent share in the Compagnie Industrielle des Polyéthylènes de Normandie (CIPEN) plant in Notre Dame de Gravenchon, France, giving it 100 percent ownership of the facility. The plant manufactures linear low-density polyethylene (LLDPE) resins. The acquisition is effective as […]

Dow commercializes first plant For VERSIFY® plastomers & elastomers The Dow Chemical Company (Dow) announced the successful start-up of the first commercial plant for its new family of specialty propylene-ethylene copolymers, VERSIFY® Plastomers and Elastomers, in Tarragona, Spain. According to the company, the Versify product range combines Dow’s strength in catalyst and process technology as […]

ExxonMobil & Fujian Petrochemical to construct chemical complex Fujian Petrochemical Company Limited (a company owned 50 percent by China Petroleum & Chemical Corporation (Sinopec) and 50 percent by Fujian Government) (FPCL), ExxonMobil China Petroleum and Petrochemical Company Limited (ExxonMobil), and Aramco Overseas Company B.V. (Saudi Aramco) reached agreement to jointly fund the front end loading […]

ExxonMobil & Fujian Petrochemical to construct chemical complex Fujian Petrochemical Company Limited (a company owned 50 percent by China Petroleum & Chemical Corporation (Sinopec) and 50 percent by Fujian Government) (FPCL), ExxonMobil China Petroleum and Petrochemical Company Limited (ExxonMobil), and Aramco Overseas Company B.V. (Saudi Aramco) reached an agreement to jointly fund the front end […]

Russian polyolefins producer Lukoil is rumored to be the potential suitor for Basell Polyolefins Russian polyolefins producer Lukoil could bid for Basell. Shell and BASF announced their plans to review strategic options regarding their 50-50 joint venture, Basell. Rumors are that Lukoil was understood to have expressed an interest in Basell. It was also reported […]

BASF and Shell review strategic options regarding their joint venture Basell BASF and Shell announced their plans to review strategic alternatives regarding their joint venture Basell, in which they both hold a 50 percent equity interest. The options being reviewed by the shareholders include the sale of their stakes and an equity market transaction. During […]

Dow Chemical to construct petrochemical complex in Oman The Government of the Sultanate of Oman, Oman Oil Company S.A.O.C. (OOC), and The Dow Chemical Company announced an agreement to form a joint venture that will design, build and operate a petrochemical complex in Oman. The joint venture will be owned 50% by Dow, 25% by […]