Hyundai passes the first petrochemical plant to Vietnam Oil and Gas Group

(plastemart) -- Hyundai Engineering and Construction Company (HEC) has handed over Vietnam's first petrochemical plant to Vietnam Oil and Gas Group. The US$234 mln Polypropylene plant in the central province of Quang Ngai has a capacity to produce 150,000 tpa of PP with feedstock propylene sourced from the Dung Quat Oil Refinery.

The PVN has tasked Binh Son Oil Refining and Petrochemical Company to manage and operate the plant as a part of Dung Quat Oil Refinery.


Ineos Nova and DuPont to increase prices from next month

(plastemart) -- Ineos Nova will hike the price of its general purpose and expanded polystyrene by ┬50/ton and high impact polystyrene by ┬ 65, with effect from September 1, due to expected feedstock increases.

DuPont Packaging & Industrial Polymers will hike price of its Elvax and Elvaloy resins by ┬100 and ┬150/ton with effect from September 1, 2010.


Nova Chemicals to shut down its Joffre chemical plant for maintenance

(plastemart) -- Canada's largest petrochemical producer Nova Chemicals plans maintenance at its Joffre chemical plant (Alberta), where it houses three ethylene plants. Flaring associated with the maintenance is expected to continue until ⌠late afternoon.


PVC from Kalush will be supplied to the market early in 2011

KALUSH (MRC) -- The PVC-S plant at Kalush will switch to steady operations already early in 2011, Karpatneftekhim's CEO S.V. Chmykhalov said.

Equipment installation work will be accomplished in October, and test runs are scheduled for the end of 2010. At this stage, the overall PVC output capacity will be at the level of 300 kta. The launch of the plant at Kalush will finalize the Chlorine/Caustic Soda - Ethylene - VCM - PVC production chain, which is going to make the enterprise one of the most competitive in the FSU and East-European markets, as well as to set a base for further development of the company.

The engineering design and equipment installation are being carried out by Germany's Uhde, and the license has been issued by Vinnolit. Karpatneftekhim is controlled by Russia's oil major LUKOIL. Overall investments into the PVC production project exceeded USD 200 million.


Chlorine-caustic production to be launched in Kalush in mid-September

KALUSH (MRC) -- Karpatneftekhim is to launch a new chlorine and caustic production in mid-September, 2010, Karpatneftekhim's CEO S.V. Chmykhalov said in Kalush.

Experts believe chlorine-caustic unit at Kalush will be the most state-of-the-art plant in Eastern Europe using membrane technology. The engineering of the project was provided by Uhde, which supplies the major equipment, as well. The overall nameplate capacity of the plant will be 200 kta of caustic soda and 180 kta of chlorine. Karpatneftekhim is controlled by Russia's oil major LUKOIL. Overall investments into the project exceeded USD 150 million.