Borouge Reports a Net Profit of 490 Million Dollars for the Second Quarter

Borouge is a petrochemical company based in the state of Abu. It is a joint venture between Borealis AG and Abu Dhabi National Oil Co Dhabi and is designed to produce specialty plastics for consumers and manufacturing goods.

Investors looked in awe as Borouge shared that its net profit ...

SK INNOVATION SEES NET LOSS OF $325.3 MILLION IN Q1 2021

Highlights –

• SK Innovation sees net loss of $325.3 million in Q1 2021.
• The company’s operating profit was recorded 502.6 billion won.
• The company’s sales fell 16.4 percent on-year to 9.2 trillion won.
• On the Seo...

COVID RESTRICTIONS SLOW DOWN PETROCHEMICAL TRADE IN INDIA

HIGHLIGHTS

• Fresh restrictions imposed to prevent the spread of COVID-19 are slowing down the petrochemical trade in India.
• Indian rupee is becoming weak in the international market.

Petrochemical trades in India are slowing down due ...

IDCO SIGN MOU FOR PARADIP PLASTIC PARK

HIGHLIGHTS

• IDCO and IOCL have signed MoU to develop Paradip Plastic Park in Odisha.
• Till MAR 2030, an incentive of Rs 2000/MT shall be offered to the manufacturing units on Polypropylene granules from Paradip Refinery.
• Shipment from Refiner...

S. KOREA’S EXPORTS RISE IN FEBRUARY BY 9.5 PERCENT

Highlights –

• S. Korea’s exports rise in February by 9.5 percent.
• The country’s exports came to $44.8 billion last month.
• The imports rose by 13.9 percent to $42.1 billion.
• Outbound shipments of chips expanded 13...

INDIA INAUGURATES BPCL’S 1.1 BILLION DOLLARS PETROCHEMICAL COMPLEX IN KOCHI

HIGHLIGHTS

• BPCL has started a petrochemical complex in Kochi.
• US $ 1.11 Billion have been invested in this complex.

Recently, Indian Prime Minister (PM) Narendra Modi inaugurated Rs 60 billion (equal to US $ 1.1 billion) petrochemica...

Iranian Companies Sign Deal To Establish Polyethylene Unit

According to the report published by Iranian News Agency Shana, Petrochemical Research and Technology Company (PRTC)'s Managing Director Ali Pajouhan and Siavash Derafshi, the CEO of Tabriz Petrochemical Company in Tehran. The deal is about two companies working together to construct a polyet...

South Korean firms braces for potential fallout amidst Mideast tensions

South Korean refiners and petrochemical companies are preparing for potential fallout from the U.S. killing of a top Iranian general, which has already sent global oil prices higher, as alleged by news sources.

The devastating drone strike on Gen. Qassem Soleimani, head of Iran's el...

IRPC Plc to emphasize petrochemical specialty products

IRPC Plc would like to emphasize petrochemical specialty products as the current US-China trade war strains worldwide demand for commodity-grade products.

Polymers of speciality are raw materials for automotive parts, furniture and plastics of food grade.

President Noppadol Pi...

Important government decision to push Pertamina to purchase Trans-Pacific Petrochemical Indotama (TPPI)

The decision by the government to push Pertamina to purchase Trans-Pacific Petrochemical Indotama (TPPI) is important. This dream was realized when the majority shareholder of the state-owned company was Tuban Petrochemical Industries, which owns the plant in Tuban, East Java.

President...

With the threat of Brexit looming, the chemical supply chain in tethers

Brexit has been a bone of contention for a lot many global supply chains over the globe as it is seen as a disrupting force to the magnets of the markets and thus diluting the essence of cordially investing and bringing about the necessary infrastructure and radical development changes to deal wi...

What the Ohio River petrochemical system means to urban economies and beyond?

The last day of the R.E. Burger coal-fired power plant finished in a haze of black smoke and dust, aptly enough.

The plant generated electricity, smoke and ash in the Ohio River Valley from 1944 to 2011. It was one of the hundreds of coal and steel plants dotting the river banks and has...

Gulf Cooperation Council (GCC) continues to attract new investments

The chemicals industry of the Gulf Cooperation Council (GCC) will continue to attract new investments as the region explores more downstream value opportunities in the midst of continued oil price volatility and as benefits from cheap feedstocks facilitate.

According to estimates by the...

Firefighters are fighting a petrochemical fire

Firefighters are fighting a petrochemical fire on Monday, March 18, 2019, in Deer Park, Texas, at the Intercontinental Terminals Company. The large fire at a petrochemical terminal in the Houston area is likely to burn for another two days, authorities said Monday, noting that air quality around ...

ALFA S.A.B. DE C.V. ORDINARY SHARES A M May Go Down

The ALFA S.A.B. DE C.V. ORDINARY SHARES A M stock observed a rise, in short interest, of 16.67%. According to FINRA, the total short interest revealed by ALFFF in November was 1.93M. This is an increase of 16.67% from the previously released 1.66M shares. With an average volume of 56,800 shares, ...

CONTROVERSY OF PETROCHEMICAL INDUSTRY

Pittsburgh Mayor Bill put in a couple of hours in the universal spotlight two years prior when he fought with President Trump on Twitter for hauling out of the Paris atmosphere accord. A month ago, he drew consideration again when he told an environmental change meeting his opinion of the extensi...

Three harmed in Texas petrochemical plant impact

Three specialists were harmed in an early morning blast on Wednesday that started a burst at a Texas petrochemical plant, the most recent in a progression of compound plant mishaps in the district. An underlying blast at a TPC Group plant in Port Neches, Texas, was trailed by auxiliary impacts, b...

IRPC to focus on speciality petroleum and petrochemical products

In the coming years, SET-listed IRPC Plc will continue to focus on speciality petroleum and petrochemical products to avoid the high competitiveness of commodity-grade products on the global market.

Senior Executive Vice President of Corporate Accounting and Finance Nidcha Jirametthanak...

AP official to the headboard on petrochemical venture locales

The Center has selected senior Andhra Pradesh official Rajat Bhargava as leader of an elevated level board of trustees to propose vital approach activities for drawing in more ventures into the Petroleum, Chemicals and Petrochemical Investment Regions (PCPIR) in the nation. Bhargava, the AP Indus...

Modification of petrochemical production hubs by Modi

The state plans to revitalize and expand the four oil, chemical and petrochemicals investment regions (PCPIR), which have struggled as expected to suit other petrochemical hubs across the world.

D.V. Sadananda Gowda, Minister of Chemicals and Fertilizers, Government of India, declared a...