India plastics sector to hit USD30 bln by 2015

(plasticsinfomart) -- The plastics industry in India is expected to grow from the current value of USD25 billion to USD30 billion by 2015, according to Catalyst Corporate Finance.

India currently consumes 12.5 million metric tons of plastics per year is expected to become the third largest consumer of polymers in the world after the United States (39 million tons per year) and China (37.5 million tons per year) by the end of this year.

Already one of the fastest growing markets with a growth rate of around 14 percent, the lower level of per capital consumption of 5 kilograms per capita compared to the world average of 26 kilograms per capita means the potential for growth is very high.


Honeywell 's UOP to build integrated propylene, isobutylene plant in China

(hydrocarbonprocessing) -- The UOP C3 and C4 Oleflex processes have been selected to produce propylene and isobutylene at a new China project from Shandong Chambroad Petrochemicals. UOP will provide engineering design, technology licensing, catalysts, adsorbents, equipment, staff training and technical service.

The Honeywell UOP C3 and C4 Oleflex processes have been selected to produce propylene and isobutylene at a new China project from Shandong Chambroad Petrochemicals Co.

The plant will be the first in China, and only the second in the world, to combine both processes, which are used to produce propylene and isobutylene, respectively.

Propylene is a building block material used in the production of films and packaging, while isobutylene is a key ingredient for fuels and synthetic rubber.

The new units, expected to start up in 2014, will produce 133,000 tpy of propylene and 87,000 tpy of isobutylene at its facility in Binzhou City, Shandong Province, China.


CNPC, PDVSA to begin construction on USD 9.08bn refinery in China

(refiningandpetrochemicals) -- State-run China National Petroleum Corp (CNPC) and Petroleos de Venezuela SA (PDVSA) will begin construction work late this month to build a new USD9.08bn refinery in Jieyang, China.

The 400,000 barrels-per-day (bpd) refinery will process Venezuelan heavy oil, thereby tripling oil sales from the South American nation to the world's second-largest oil user.

A CNPC planning official was quoted by Reuters as saying construction will take three to four years to complete.

CNPC will own 60% and PDVSA 40% respectively in the refinery project, which secured approval from China's environment watchdog and the state cabinet.

This will be the CNPC's second project, following the start up its 200,000-bpd Qinzhou refinery in Guangxi in 2010.

CNPC along with its partners Qatar Petroleum and Royal Dutch Shell are also considering a 400,000-bpd refinery and a 1.2 million ton-per-year ethylene complex in Taizhou in Zhejiang province.

China Petrochemical Corp, which operates refineries through China Petroleum and Chemical Corp, is a fuel supplier in China.


KMG EP completes sale of stake in Kazakhstan Petrochemical

(refiningandpetrochemicals) -- KazMunaiGas Exploration Production (KMG EP) has completed the sale of a 51% stake in Kazakhstan Petrochemical Industries (KPI) for a total value of USD33.5m.

KMG EP's board of directors has approved the deal. KPI operates the construction of the first integrated petrochemical complex in Atyrau region.

The sale of the stake in KPI is part of the company's strategy to divest non-core assets, including those related to petrochemicals by 2020.

Sweden to ban BPA in baby food packaging from 2013

(plasteurope) -- Sweden has revealed plans to ban bisphenol A (BPA) from baby food packaging from the beginning of 2013. The new legislation will apply to jars, bottles and formula containers aimed at children under the age of three. With these restrictions, the government stopped short of farther-reaching plans proposed in a joint report of the Swedish Chemicals Agency suggesting that the chemical be phased out in epoxy resin liners for cans and water pipes by the end of 2012.

Government authorities said the quick phase-out was not legally feasible, especially as it could be in conflict with EU legislation that banned BPA in baby bottles from the end of 2011.

It was recently revealed that four EU member states, including the UK, the Czech Republic, Spain and The Netherlands, had filed objections to the French plans. Italy and Slovakia additionally are said to have addressed some concerns, with all objectors contending that stricter regulations in France would be a barrier to trade within the single market. Observers note also that the US could be expected to launch legal action to protect its juice and beer exports.