Iran to set three key petrochemical projects

(presstv) -- Iran is set to officially inaugurate three important petrochemical industry projects in the country?s Mahshahr Petrochemical Special Economic Zone.

The projects include the polyvinyl chloride (PVC) production line at Arvand Petrochemical Complex, the oxygen and nitrogen production line at Maroon Petrochemical Plant and the second liquids loading pier at Mahshahr Petrochemical Special Economic Zone.

All three enterprises are due to be inaugurated in the presence of senior Iranian officials on Monday, May 21. Arvand, the fourth petrochemical complex to produce PVC in Iran, will increase the country's annual production capacity by 340 thousand tons.

The output will fully satisfy Iran's domestic demands and even turn the country into a PVC exporter. It is estimated that the Islamic Republic will hold 25 to 30 percent of the global market following the export of the product.

TNK-BP presented new industrial safety program

(oilandgaseurasia) -- TNK-BP has developed a comprehensive program for integrating the safe operation culture aimed at mitigation and elimination of industrial and environmental risks. Elena Kompasenko, Vice President, Health, Safety and Environment, TNK-BP, presented this large-scale project to participants of the International HSE Excellence Europe Forum 2012 in Rome.

The safe operation culture inculcates careful and meticulous attitude to health, safety and environmental protection in all employees and contractors of the company and ensures strict compliance with all standards and regulations of the company. A special and very important role in integration of the safe operation culture is entrusted to leaders and managers of company subdivisions who imbue responsible attitude to the work and environment in all employees.

The project was presented at a round table meeting dedicated to industrial safety, where E. Kompasenko served as the moderator. Best specialists from the USE, Europe, and Central Asia highly appreciated the project, discussed its different aspects, and outlined possibilities for its implementation in international practice.

"Safety is one of the highest priorities of TNK-BP. Adherence to industrial safety rules and regulations may only be ensured by personal leadership and absolute intolerance to their violations. We are confident that the safe operation culture in any company is based, first of all, on the behavioral standards of employees. This is why these aspects are discussed in TNK-BP at all levels from the Board of Directors to personnel lounges, said she.

Japan's Maruzen to restart naphtha cracker in June

(Reuters) - Japan's Maruzen Petrochemical Co Ltd said on Tuesday it plans to restart its sole naphtha cracker in Chiba, east of Tokyo, on June 21 following scheduled maintenance.

Maruzen Petrochemical, which is 40 percent owned by Cosmo Oil Co group, shut the cracker with the capacity to produce 525,000 tonnes per year of ethylene on May 9, a company spokesman said.

Maruzen Petrochemical Co. develops, produces, imports, and exports petrochemical products. It offers basic petrochemicals and ethylene derivatives, including ethylene, propylene, benzene, toluene, xylene, ethylene oxide and glycol, and high-density polyethylene, which serve as raw materials in plastics, synthetic fiber, synthetic rubber, and coatings.

Duty on VFY import to hit India's textile hub

(fibre2fashion) -- The recent decision of the Government of India to impose an anti-dumping duty of 16.90 percent on the import of viscose filament yarn (VFY) originating in, or exported from, China for a further period of five years, is likely to affect powerloom weavers in India?s textile hub of Surat.

Viscose filament yarn is the main raw material for about 150,000 of around 600,000 weaving machines in Surat, known for man-made fabrics production.

Federation of Gujarat Weavers Association (FOGWA) Chairman, Mr. Ashok Jirawala, told fibre2fashion, "Powerloom weavers and yarn importers in Surat would be greatly affected due to the levy of anti-dumping duty on the import of viscose filament yarn from China. The small-scale industries would especially feel the blow."

FOGWA has submitted a memorandum to two Union Ministers during the past few days urging them to remove the duty on import of VFY. "The Ministers have promised to arrange our meeting with the Textiles Minister and work to solve the issue," informs Mr. Jirawala.

DSM announced price increase of resins in Europe

(dsm) -- DSM Composite Resins announced a price increase of its complete portfolio of resins in Europe, to be effective of June 1st, 2012.

Due to continuing increases of raw material costs, the prices of its Unsaturated Polyester Resins & Vinyl Ester Resins will be raised by EUR90 per ton.

Fons Harbers, Business Manager Composite Resins Europe, explains: "In order to continue our commitment to innovation and sustainable solutions, we have no choice but to pass these increases on to our customers".

DSM Composite Resins is a business unit of DSM headquartered in Schaffhausen Switzerland.