UPDATE: Malaysia’s PrefChem plans to start up troubled plants in August

08 Jul 2021 PrefChem is a 50%-50% joint venture between Petronas and Saudi Aramco.

07 Jul 2021

A fire broke out at Formosa’s PP storage tank

The company encountered a similar issue in May 2020, when the (T-913B) storage tank stowed PP pallets burst into flame due to a faulty safety valve.

18 Jun 2021

Two USA petchem producers declared force majeure

Asian buyers are not expecting to see US cargoes in the next quarter given the unstable production and the sky-high shipping costs.

18 Jun 2021

Saudi’s PetroRabigh postponed maintenance shutdown at HDPE plant to July

According to market sources, Rabigh Refining and Petrochemical Co (PetroRabigh) decided to postpone the maintenance shutdown at its HDPE plant in Jubail, Saudi Arabia to July.

15 Jun 2021

South Korea welcomes two new petrochemical plants in June

In the meantime, both producers have started to offer commercial PE cargoes to the Asian market at relatively competitive levels, though not all grades are available at the moment.

11 Jun 2021

ChinaCoal Mengda to postpone maintenance schedule for PP, PE

According to market sources, Inner Mongolia ChinaCoal Mengda New Energy & Chemical Industry Co Ltd (Zhongmei Mengda Chemical) has postponed their scheduled turnaround slightly to ...