ONCG approves $1 billion investment to expand petrochemical capacity in India

20 Nov 2023 India’s Oil and Natural Gas Corp. Ltd. (ONGC) has received board approval for a strategic investment exceeding $1 billion to construct new petrochemical complexes in India.

20 Nov 2023

Malaysia’s PrefChem shut cracker, trimmed run rates at downstream units

Market sources with knowledge of the matter said the 1.2 million tons/year cracker is likely to restart within a week as the cause of the shutdown is not critical.

13 Nov 2023

Taiwan’s CPC restarted naphtha cracker

The unit was taken offline on 20 September 2023 for a scheduled overhaul.

03 Nov 2023

Correction: Vietnam’s Long Son Petchem to startup in November.

In an official statement, Long Son Petrochemical (LSP) planned to start up the newly constructed complex in the Southern province of Ba Ria – Vung Tau, Vietnam within this November

02 Nov 2023

UPDATE: Vietnam’s Long Son Petchem postponed its startup to December.

Long Son Petrochemical (LSP) once again delayed the startup at the newly constructed complex in the Southern province of Ba Ria – Vung Tau, Vietnam amid a deepening market turmoil

02 Nov 2023

Thailand’s PTT switched production at the LLDPE plant.

There have been speculations in the market that the ongoing lengthy LLDPE film supply stemming from the collapsed demand in India

01 Nov 2023

Malaysia’s PrefChem restarted the HDPE plant, and other units are to follow suit.

According to market sources, Pengerang Refining and Petrochemical (PRefChem) has restarted the HDPE plant in the Southern state of Johor

01 Nov 2023

Another two PET plants in China to start in the remainder of 2023.

In the first ten months of 2023, China has already added six new PET plants with a combined capacity of 3.8 million tons per annum.

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