Iranian president inaugurated 8 petrochemical projects in Mahshahr

(Zawya) -- President of Iran Mahmoud Ahmadinejad inaugurated eight major projects in Special Economic Petrochemical Zone. One of the projects is Amir Kabir Light Petrochemical Polyethylene worth $310 million with a production capacity of 300,000 tons a year.

The project was completed at a time when foreign companies such as Seimens of Germany stopped cooperation in the project under the pretext of the sanctions imposed on Iran by the US and EU.


India's first International conference on sustainable and green development

(Plastemart) -- A majority of trends witnessed by the global plastics industry in the recent past are focused towards sustainability and green development. These trends are slowly but surely shifting their focus towards economic benefits as well. The recent past has witnessed growing investment in environmentally sustainable technologies, along with increased interest from polymer manufacturers in biodegradable polymers and biopolymers.

These trends have led INK Business Media to conceptualize a unique endeavor titled PlastAvenues Summit 2011' with a focus on Green & Sustainable Development of Plastics' to be held in Mumbai.

With green initiatives aiming at strengthening their foothold in the mainstream plastics industry, PlastAvenues Summit 2011 brings together the industry's movers and shakers from leading manufacturers, brand owners, end users, innovators and policy makers under one roof.


Zimmer's Longevity Highly Crosslinked Polyethylene demonstrated clinical success

(PRNewswire) -- Zimmer Holdings, Inc., a leader in musculoskeletal care, announced that results of an independent study presented at the 2011 American Academy of Orthopaedic Surgeons (AAOS) annual meeting demonstrated long-term clinical success for Longevity Highly Crosslinked Polyethylene.

Radiographic results presented in the study indicate very low wear in vivo with no signs of change over time and no signs of periprosthetic osteolysis in the patient cohort.

Zimmer's Longevity Highly Crosslinked Polyethylene is formulated specifically to resist wear under the conditions found in hips and represents a significant scientific advancement in wear reduction. In wear and damage mechanism studies, Longevity Highly Crosslinked Polyethylene consistently resisted oxidation and delamination, thereby decreasing surface wear and subsurface fatigue that can lead to delamination or pitting.

"The results of this study are encouraging and reinforce clinical experience with our Longevity Highly Crosslinked Polyethylene products," said Jeff McCaulley, President, Zimmer Reconstructive. "Today's total hip replacement candidates lead more demanding lives. Due to its reduced wear properties and improved delamination resistance, Longevity Highly Crosslinked Polyethylene represents a clinically-successful solution for these patients."


Biaxplen launched new polymer films production lines

(SIBUR) -- The Novokuibyshev-based enterprise "Biaxplen NC" (Russia) hosted a ceremony for the launching of three new polymer films production lines, which should boost output from 26 thsd to 42 thsd tonnes per annum. The total investment in the expansion of the plant's production facilities exceeds 500 mln rubles.

Thanks to its barrier, the optical and physical-mechanical properties of polymer film has result in it being widely used for packing goods in the food, perfume, tobacco, paper and other light industries. Earlier, "Biaxplen NC" was only engaged in the production of biaxially oriented polypropylene film (BOPP).

New types of film offer a different set of consumer properties. In particular, non-oriented 3-layer coextruded polypropylene film is characterised by high resistance to punctures and is widely used for lamination, as with BOPP and other kinds of film.

5-layer co-extruded polypropylene blown film has a high shrinking capacity, which ensures a high integrity seal in terms of further lamination and the opportunity to create complex materials for packaging bulk, grocery, and frozen foods, foods containing oils and fats, as well as coffee and tea.

The "Biaxplen" Group of companies is one of the main producers of biaxially oriented polypropylene (BOPP) film in Russia. SIBUR owns a 50% stake in the share capital of "BIAXPLEN LLC".


LyondellBasell Industries announced net income for the fourth quarter 2010 of $874 million

(LyondellBasell) -- LyondellBasell Industries announced net income for the fourth quarter 2010 of $874 million, or $1.54 per share. Fourth-quarter 2010 EBITDA was $762 million, excluding a reversal of $323 million of non-cash Lower of Cost or Market (LCM) inventory charges. Sales in the fourth quarter were $10,610 million, an increase of 20 percent from the prior year period. For the full year 2010, EBITDA was $4,035 million excluding a $42 million LCM charge.

During 2010, business conditions and results improved across the vast majority of our portfolio, most notably in the Olefins & Polyolefins and propylene oxide businesses. Improved worldwide demand and industry supply disruptions contributed to improved results.

The fourth quarter was impacted by seasonally lower volumes and margins in the oxyfuels and polyolefins businesses, rising olefins feedstock costs in Europe, and one-time events.