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India’s Adani and Thailand’s Indorama join forces to build India’s largest PVC complex
27 Jan 2025 To manage operations, the parent companies will create a new name in the Asian petrochemicals industry, a joint venture branded as “Valor Petrochemicals Ltd (VPL)”. Each company will hold a 50% stake in the conglomerate.
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27 Jan 2025

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China’s Yisheng to shut three PTA plants in Q1 2025

Chinese producer Yisheng Petrochemical is set to halt operations at three of its PTA plants for routine maintenance, market sources have revealed. The turnarounds are expected to occur in three phases from January to March.
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23 Jan 2025

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South Korea’s Lotte Chemical to shut Daesan units for maintenance in April

In December 2024, Lotte Chemical also suspended operations at part of the petrochemical complex in Yeosu, citing continued financial pressures and unfavourable market conditions.
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20 Jan 2025

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India’s Reliance to shut parts of PP, PE plants in Gujarat for brief maintenance

From a supply perspective, industry participants do not anticipate significant disruptions to spot availability during these shutdowns. However, the producer has adjusted its January PP prices for the domestic market, increasing them by INR 1,000/ton ($12/ton)
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15 Jan 2025

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Update: Startup status at new Chinese PP and PE plants

Among the new plants, Shandong Yulong Petrochemical has stood out for its rapid progress, successfully bringing all downstream units online ahead of schedule. The company has achieved stable operating rates across its facilities, marking a significant milestone.
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10 Jan 2025

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China's SP Chemical focuses on stabilizing operations at new PVC plant following late December start-up

Despite the new unit not yet achieving on-spec production, SP Chemicals has begun offering near-prime cargoes to the spot market. This move has raised significant concerns among market participants, particularly given the ongoing weakness in demand.
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08 Jan 2025

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China’s Shandong Yulong unexpectedly shuts one of the new PP lines

Shandong Yulong Petrochemical has unexpectedly taken offline one of its newly started-up PP lines in Shandong, China, on 8 January 2025 without providing specific reasons.
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27 Dec 2024

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Update: Shandong Yulong Petrochemical accelerates startup of polyolefin units

Shandong Yulong Petrochemical has announced the early commissioning of all polyolefin production units at its newly constructed petrochemical complex in Shandong, China, significantly ahead of the original schedule.
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