Fire at Kapotnia refinery

MOSCOW (RIA Novosti) -- A minor fire broke out on Tuesday night in the territory of Kapotnia refinery, Moscow. The incident did not affect production.

Information about the fire at the pumping unit at Kapotnia refinery was forwarded to the fire station at 2:35 AM. The cause of the fire is being investigated at the moment.


Nizhnekamskneftehim reports 41% net profit increase in Q2

(Interfax) -- In H1, Nizhnekamskneftehim received RUB 3,46 bln. net profit compared with RUB 407m net loss during the same period last year. In Q2 the company's net profit amounted to RUB 2,02 bln., which is a 41% increase compared with Q1. The growth of net profit was due to increase in earnings and costs reduction, according to the company's estimations.


MRC Reference

PP-block - 34.7%,

PP-random - 22.1%);

polystyrene - 34.5%.

Leader in polymer processing technologies:


Formosa to delay No. 2 cracker maintenance

(Reuters) -- Taiwan's Formosa Petrochemicals Corp plans to delay maintenance of its 1.03 mln tpa No 2 cracker from Aug. 20 to an undecided date, probably in October, to ensure steady production. Incidents at the 540,000 bpd Mailiao complex last month shut down other parts of its giant refinery complex. Thus, it is likely that Formosa will first reopen its 700,000 tpa No 1 naphtha cracker by September/October after a fire on July 7. Simultaneously, FPG will proceed with a government-ordered inspection of a residue sulphurisation unit where another fire shut part of the complex last week.

MRCMRC Reference


The share in the Russian market in 2008:
PVC-S - 3.0%;

PP - 0.4%.

Annual growth sales in Russia :
PVC - 79 % (over the last year) ;

PP - 272 % (over the last 3 years).

Supply by processing technologies:
profile extrusion

film extrusion

GAIL to double capacity at its Pata petrochemical plant

(plastemart) -- GAIL India's plan to set up a mega gas-based petrochemical overseas plant in joint venture with Reliance Industries (RIL) has taken a back seat as the state-run gas major has decided to double capacity at its Pata petrochemical plant to 900,000 tpa with an investment outlay of Rs 8,200 crore. The expansion is scheduled to take 42 months for completion, but GAIL will venture to commission the unit in just 3 years.

Though GAIL and RIL had short-listed a few countries, they have deferred their mega JV project in view of the global situation. Qatar, Iran, Algeria, Nigeria and Russia were shortlisted for exploring the possibility of setting up a 1.9 mln tons plant.


PolyOne reports sharp profit increase in Q2

(prw) -- PolyOne has announced that its second-quarter sales and profit were up sharply, driven by higher prices for its plastics that pumped up its margins and new markets that helped it sustain and grow sales.

In spite of a headwind caused by a weaker euro that the company said slightly affected its sales, Avon Lake-based PolyOne reported sales were up 40%, from $496.5m in the second quarter of 2009 to $629.9m for the same quarter in 2010. Volume was up 27%, and higher prices made up the rest of the sales increase, the company reported.