UAE’s Borouge to spend $6.2 billion to expand Borouge 4

23 Jan 2024 Borouge, a joint venture between Abu Dhabi National Oil Company (ADNOC) and Borealis have officially confirmed a $6.2 billion investment to expand the Borouge 4 petrochemical complex in Ruwais, UAE.

23 Jan 2024

Saudi’s Sabic advances $6.4 billion petrochemical venture in China

The final investment decision (FID) signed on 21 January 2024 allows Sabic 51% of the stake in the project, while China’s state-owned Fujian Fuhua Gulei Petrochemical holds the remaining 49%.

18 Jan 2024

South Korea’s UPP completed maintenance works at Ulsan PP plant

The company has resumed offering spot offers for February loading this week, with homo-PP yarn surfacing in Vietnam

18 Jan 2024

Formosa shut PVC plants in the US as winter storm hit

Sources close to the producer said both of the units are expected to remain shut until the notice is lifted.

09 Jan 2024

Vietnam’s BSR to shut PP plant for routine maintenance

According to market sources, Binh Son Refining and Petrochemical JSC (BSR) is scheduled to shut its sole PP plant in Central Vietnam this March for the fifth major maintenance round.

09 Jan 2024

Three Saudi Arabia producers to shut PP plants in the first quarter of 2024

Market participants expect these shutdowns to curtail availability throughout the first month of 2024, which couple with the rising shipping costs would counterbalance