South Korea’s Hyundai restarted PP plants, PE units to come back in August

13 Jul 2023 As reported earlier, the South Korean government abolishes import duty on naphtha by the end of 2023 in an attempt to support the petrochemical sector in the country.

10 Jul 2023

Saudi Aramco and TotalEnergies awarded EPC contracts to build a mega petrochemical complex in Jubail

The new petrochemical complex with an estimated investment of $11 billion, named Amiral is built to utilize the off-gases and naphtha from the SATORP refinery

05 Jul 2023

UPDATE: Malaysia’s PrefChem stabilizes operating rates at PP, LLDPE plants

According to market sources, Pengerang Refining and Petrochemical (PRefChem) has reportedly stabilized operating rates at its PP and LLDPE plants following the recent maintenance and plant hiccups.

05 Jul 2023

Taiwan’s Formosa to shut PVC unit for maintenance

Market participants are monitoring closely the potential impact of this overhaul on the near-term pricing movement.

27 Jun 2023

UPDATE: Vietnam’s LSP to start commercial production in September

The company has been consistently carrying out trial productions at each production line over the past months. The rigorous testing process is expected to complete in July or August

27 Jun 2023

South Korea’s S-Oil kickstarted the construction of the crude-to-chemical plant

According to media reports, S-Oil Corporation is expected to erect a new petrochemical plant in Ulsan, South Korea by 2026 as the company broke ground at the 9 trillion Won project.

20 Jun 2023

Vietnam’s NSRP to carry out major maintenance shutdown at PP unit

Vietnam’s Nghi Son Refinery and Petrochemical (NSRP) is planning to shut its sole PP unit in central Vietnam this August for major maintenance work

20 Jun 2023 SPVC (A) k67-68

Explosion and fire took place at China’s Tianwei PVC plant

An explosion and fire were reported at an acetylene quarter belonging to Tianwei PVC Factory – a part of Xinjiang Tianye Group in the Xinjiang province of China

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