Industry: Specialty chemicals

Qatar Petrochemical to Increase LDPE Production Qatar Petrochemical Company (QAPCO) plans to boost the production of low-density polyethylene and ethylene by initiating a major de-bottlenecking. Currently, QAPCO is the largest producer of low-density Polyethylene (LDPE) in the Middle East with an annual capacity of 360,000MT. The company is also stepping up its annual ethylene production […]

Chemical Market Resources Inc. moves to a new home Chemical Market Resources Inc., moved to a new home on March 25, 2005. The premium market research firm and the publisher of this news analysis moved its offices from Nasa Parkway to Blossom Street. The new address and phone number for Chemical Market Resources Inc. are […]

Basell to acquire Repsol YPF’s position in Argentine PP joint venture Petroken Basell announced its plans to assume ownership of the 50% portion of Argentina’s Petroken Petroquimica Ensenada that is currently held by its partner in the joint venture, Repsol YPF. Petroken operates a 180 KT per year polypropylene plant, a 20 KT per year […]

Chemicals & polyolefins producers and other companies report positive fourth-quarter earnings Dow Chemical Dow Chemical announced its fourth-quarter earnings. The company had a total sales for the fourth quarter of 2004 of $10.9 billion, up 31% compared to 4Q 2003. Overall 2004 sales increased to $40.2 billion, 23% higher than in 2003 and a new […]

Dow Chemical to exercise option related to DuPont Dow Elastomers joint venture DuPont and The Dow Chemical Company (Dow) announced that Dow has elected to exercise its option to acquire certain assets relating to ethylene and chlorinated elastomers, including assets of the Engage®, Nordel®, and Tyrin® businesses, from DuPont Dow Elastomers LLC (DDE), a 50/50 […]

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 […]

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 […]

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 develops new PP resin grades in Europe ExxonMobil Chemical announced the availability of an advanced polypropylene resin grade – ExxonMobil PP5122E1-designed to provide the high transparency and stiffness required for demanding sheet and thermoforming applications. ExxonMobil PP5122E1, available only in Europe, is a clarified polypropylene using proprietary ExxonMobil Chemical formulation processes. ExxonMobil PP5122E1 resin […]

ExxonMobil Chemical develops a new cost-effective PE resin for wire and cable applications ExxonMobil Chemical announced a new linear low-density polyethylene (LLDPE) resin, LL 4004EL, for low-voltage power cable insulations. According to the company, the resin provides the cable manufacturer with a balance of crosslinking speed and ease of processing for cost-competitive cable constructions. ExxonMobil […]

Major polyolefins producers Dow, ExxonMobil, Nova, and DuPont report earnings Dow Chemical Dow Chemical Company reported fourth-quarter sales of $8.3 billion, up 20% from fourth-quarter 2002 sales of $7.0 billion, with a 12% increase in price and an 8% increase in volume. Net income rose to $929 million, compared with a loss of $809 million […]