HCPL may build giant oil refinery in India

(plastemart) -- In a bid to cater to increasing demand from Western India, Hindustan Petroleum Corporation Ltd (HPCL) has shortlisted the Lote Parshuram area in coastal Ratnagiri district, Maharashtra, for setting up a 9-15 mln tpa refinery. Feasibility studies are being carried out and land is being identified for the proposed facility. Environment clearance will be needed for the refinery which is expected to be ready in about 3-4 years. The company's Mumbai refinery is very old and its cost of modernization would be prohibitive and hence a greenfield refinery is being set up.


Cabopol to open new compounds production in Portugal

(plastemart) -- Portuguese compounding company Cabopol has commenced production of biodegradable compounds at its Porto de Mos facility, with technology from compounding systems specialist Coperion. Biodegradable compounds based on compostable polyesters with and without starch are being produced at the unit.


Toyo to supply components for new Husky machines

(prw) -- Japanese injection press builder Toyo Machinery and Metal Co. Ltd. will supply components and subassemblies for the new all-electric machines from Husky Injection Molding Systems Ltd.

Husky did not specify what components and assemblies that Toyo will provide for the Husky's H-PET AE, designed for molding PET preforms, and the H-MED AE, for medical molding. The AE stands for all-electric.


Qapco in talks to build a petrochem project in Vietnam

(DowJonesNewswire) -- Qatar's state-run petroleum company is in the final stages of negotiations with Itochu Corp. (ITOCY) and others to build and operate a petrochemical complex in southern Vietnam.

The move is part of the oil-rich Middle Eastern nation's efforts to invest in oil refinery and petrochemical operations in consumer countries, Qatar Deputy Prime Minister and Energy Minister Abdullah Bin Hamad Al-Attiyah told in an interview.

In Vietnam, Qatar Petroleum is in talks with Itochu and Thailand's top materials producer, Siam Cement PCL, Al-Attiyah said.


Amcor increases flexible packaging prices

(Amcor) -- Amcor said soaring raw material costs are behind its announcement to increase prices for most of its flexible packaging products.

The price rises, which came into effect on 20 September, are above those previously announced, said Amcor Flexibles Europe and Americas (AFEA).