8BASF and Huntsman are splitting their joint MDI production in China, with each company taking over one of the MDI plants

8Hyosung Vietnam plans to invest in a carbon fibre factory in Vietnam with a total capital of nearly 1 billion USD which is being supported by the provincial government

8Spanish oil company Repsol will invest more than 120 million euros (USD132.95 million) to retrofit a decades-old diesel plant to produce second-generation biofuels

8Plastic Energy, a London-based SK investment, has developed a unique recycling process that turns used, end-of-life plastic into new, virgin plastic, and is looking to expand its recycling footprint

8Advanced Petrochemical Company increased its share capital through a bonus issue and purchased 1.5 million of its shares for the Employees Share Incentive Program

8I G Petrochemicals Ltd (IGPL) is expanding its production capacity by 53,000 MTPA through brownfield expansion, and commissioning a Diethyl Phthalate plant with a capacity of 8,400 MTPA in 2021

8The company is a leading waste tire recycler in India and globally, using end-of-life tires to create recycled rubber materials and steel abrasives, helping to create a circular economy

8IOCL awarded the contract for PMC to McDermott for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project in India

8This issue of the magazine explores the potential of Libya as a new exploration hotspot, the state of pipeline activity in the Middle East, and how to optimize preventive maintenance and reduce emissions in the downstream sector

8With rising utilisation in industries such as textile, petrochemicals, and construction, Asia is expected to be the leading market for propylene industry capacity additions by 2027

8Saudi Arabia is considering raising the price of its flagship Arab Light crude for sale to Asian refiners

8The demand for polyvinyl chloride (PVC) has increased in recent weeks due to a rise in ex-works prices

8The prices of polypropylene (PP) have been rising in Mumbai bazaar due to increased demand and tight availability.

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