Published on October 4, 2014
The word Plastic has become very common among the humans and is used all kinds of packaging and consumer products. Most of the plastic products are covered with hazardous chemicals which can percolate to the environment and also affect the health of the humans. Apart from plastic products, dangerous chemicals are also used in cosmetic products which can in turn damage our skin and cause harmful diseases. On the back side of the cosmetic and personal care product, quite a number of chemicals are ..
Published on October 2, 2014
The shale gas revolution has revitalised the North American petrochemical industry, resulting in increased capital investment in new projects. Apart from oil and natural gas, shale fields also contain natural gas liquids (NGLs), thereby providing the market with new supplies at low costs. This cheap feedstock has led to a shift in profit pools, benefitting petrochemical manufacturers instead of gas producers and processors. Asian petrochemical firms have started relying on LPG replacing costlie ..
Published on September 27, 2014
Chemical production is often taken as the best possible means to measure the wider economy. Growth has slowed down in the second quarter; operating rates have also declined in this period. Global growth hit 5 per cent in April but has since fallen to 3.3 per cent. North America witnessed an improved performance in August, however the revitalised industry, rising production and strong recovery has been constrained by sluggish global growth. Latin America has had a sharp fall, from 1.2 per cent ..
Published on September 24, 2014
In India the current government for coating industries is prone to give importance for the development of various types of infrastructure and built-up bode well. This in turn will support industries which offer paints and coating for industrial or architectural use as they are not the only one that are being provoked. Nevertheless the coatings industry of India seems quite impressive with around Rs. 40,000 crore which approximately around USD 6.7 billion, however in compare to the other eme ..
Published on September 19, 2014
In the next couple of months the performance of the Saudi petrochemical sector is expected to remain volatile owing to lack of catalysts and due to near-term headwinds the country is currently trading at a discount, According to the researched report. Additionally, over the mid-term the report on Saudi Petrochemical sector tends to remain positive and with the upcoming of several plants the Saudi petrochemical industry look forward for earnings to improve as they have hoisted their targets ..
Published on September 9, 2014
Benzene which a component that is derived from coal and petroleum, is also found in other fuels and gasoline products. Benzene which is the value chain of nylon had dropped down its prices on 4th September, 2014 in the Asian and European region mainly due to bearish buying sentiment and also from weak downstream values. On 5th September, 2014 crude oil which is one of the main ingredient of all the petrochemical products had inched down on the back of a rise in the number of jobless reimbursemen ..
Published on September 6, 2014
In the world after the US, Japan and China India is noted as the fourth largest producer of agrochemicals. As per the researched report, groundwater contagion is noted as one of the major concern facing the use of chemical fertilizers which contains the high level of nitrates that easily travels through the soil once Nitorgen fertilizers breaks down into nitrates and due to its water-soluble it can sustain in groundwater for decades and over a time period more of Nitrogen has ..
Published on September 3, 2014
The two basic chemical – Phenol and Acetone, which in due course have become an essential ingredients in copious beneficial products that are mostly used by consumers in day to day life and it also allows manufacturing derivative products. The chemical Phenol consists of six-member aromatic ring, bonded directly to a hydroxyl group as it is also known as carbolic acid which is an organic compound, and as a precursor to many materials and useful compounds Phenol is produced on a large ..
Published on August 19, 2014
The global oil market is expected to be in surplus for 2014, but regional and global geopolitical developments will push up prices. The political crisis in Libya, declining production from Iran and Iraq and the tensions in Ukraine have added risk premium to prices. Saudi Arabia has helped maintain a high level of oil output in order to make up for the supply shortage. Production from Saudi in May was at 9.7 million barrels per day, up from 9.6 million in April. Factors like continued ou ..
Published on August 11, 2014
Kaohsiung has been considered as a petrochemical hub since the Japanese colonial era. The city houses an industry that provides livelihood to nearly 35,000 workers and houses several petrochemical parks like CPC Corp, Kaohsiung Refinery Plant, Dalin Township Refinery Plant, Linyuan Petrochemical Area, Dafa Industrial Area, Dashe Petrochemical Industrial Area and the Renwu Petrochemical Industrial Area. CPC’s Kaohsiung fuel refinery employs around 1,700 people and produces nearly 200,000 ba ..
