Qatar Petroleum plans to raise USD879 mln in IPO of new petrochemicals subsidiary

MOSCOW (MRC) -- Formosa Chemicals & Fibre Corp. (FCFC), a Taiwanese producer of polyvinyl chloride (PVC) resins and other intermediate plastic products, plans to sell about 2% of its stake in Formosa Petrochemical - a maximum of 51.6 million shares of affiliate Formosa Petrochemical Corp. by the end of Q2, 2014, as per Plastemart.

Formosa Plastics, Formosa Chemicals and Nan Ya Plastics are the three largest shareholders in Formosa Petrochemical.

If completed, the share disposals would contribute earnings per share for Formosa Chemicals, Formosa Plastics and Nan Ya Plastics of about NTD0.5, NTD0.47 and NTD0.38 respectively, Yuanta forecast.

As MRC reported previously, back in 2011, Formosa Plastic Corp. (FPC) unveiled its plans to invest in petrochemicals and shale gas exploration through its overseas subsidiary FPC USA, to raise deployment in the US. Mature and commercialization of low-cost shale gas exploration technologies will enable FPC USA to boost production capacity of ethylene and propylene. Investment outlay is estimated at USD400 mln to build a 400,000 tpa ethylene plant.

Formosa Chemicals & Fibre Corporation (FCFC) is a subsidiary of Formosa Plastics Group, the largest private owned enterprise in Taiwan, with annual revenue of USD13.5 billion.

Formosa Plastics Corporation is a Taiwanese company based in Taiwan that primarily produces polyvinyl chloride (PVC) resins and other intermediate plastic products.
MRC

MOSCOW (MRC) - Production of polyvinyl chloride (PVC) in Russia increased by 1% to 561,400 tonnes in the first eleven months of the year, despite the shutdown of SIBUR-Neftekhim, according MRC ScanPlast.

SIBUR-Neftekhim completely shut down its chlorine production in April 2013, including its 42,000 tonnes/year PVC capacities. The growth of capacities at other Russian plants offset the shutdown of SIBUR-Neftekhim's PVC production.

Russia's total production of suspension and emulsion unmixed PVC increased to 561,400 tonnes in the first eleven months of the year, compared with 557,000 tonnes year on year. The structure of PVC production in Russia over the reported period was as as follows.

SayanskKhimPlast produced about 26,000 tonnes of PVC in November. The producer's PVC output totalled 260,300 tonnes in the first eleven months of the year, up 5% year on year.

November PVC production at Bashkir Soda Company (formerly Kaustik, Sterlitamak) remained at the October's level of about 18,600 tonnes.
The total PVC production at Bashkir Soda Company was 193,000 tonnes in the first eleven months of the year, from 180,800 year on year.

The third largest producer of PVC in Russia - Kaustik, Volgograd produced about 7,700 tonnes in November. Total PVC production at the company was 81,800 tonnes in the first eleven months of the year, up 3% compared to the same period in 2012.

Russia's only producer of emulsion PVC - Khimprom, Volgograd because of emergency shutdown in July and August ( breakage of the rooftop at vinyl chloride monomer production) reduced production to 15,400 tonnes in the first eleven months of the year, from 18,800 tonnes year on year.

As noted previously, SIBUR-Neftekhim shut down production of chlorine in early April 2013, and by mid-July all outdated chlorine workshops had been closed out. The shutdown of chlorine workshops resulted from the oncoming launch of a new PVC production at RusVinil, a joint venture of SIBUR and Solvin, with annual capacity of 300,000 tonnes of PVC, which is scheduled on the second half of 2014.


MRC

MOSCOW (MRC) -- Advanced Polymer Trading (APT), an international trading company specialising in the world wide trade of rubber and plastics, has announced its new initiative to promote the different uses of UV stabilizers and absorbers across a variety of applications including agricultural film, BCF yarn, greenhouse materials and a broad spectrum of injection moulding applications, according to the company's statement.

APT works closely with its masterbatch supplier Aksoy Plastik to provide the very latest and most advanced UV masterbatches for a variety of materials including PET, PBT and POM.

Aksoy's UV Masterbatches can be used in a wide range of industries including agriculture and food packaging. Its applications include woven sacks, raffia tapes, BCF yarn, agricultural greenhouse film, trash cans and garden furniture.

The use of UV Masterbatches helps protect polymers against the degradation caused by Ultraviolet light, as well as avoiding discoloration while improving processability.

As reported previously, in October 2012, Advanced Polymer Trading upgraded its research and development laboratory with a co-rotating twin screw extractor/compounder, which allows APT’s scientists and engineers to blend and test different plastic compounds.

Advanced Polymer Trading FZC (APT) is an international trading company in plastics, rubber and chemicals serving a diverse range of industries including the automotive industry, ?petrochemical, packaging industry, construction, road and building material sectors, paint, resin and adhesive industries, pipe, medical, agriculture and the shoe & leather industries.
MRC