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Petrochemicals
Iran war chokes petrochemical supply, sends plastic prices soaring
Disruptions to oil and petrochemical flows through the Strait of Hormuz following the outbreak of the Iran war have tightened global ​chemicals supply and lifted prices of plastics and polymer, used in everything from auto parts to toys, to roughly four-year highs.
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Middle East war sends shockwaves through Asian plastics market
The war involving Iran, Israel and the United States has started to reverberate through Asia’s plastics and petrochemicals markets, tightening supplies, pushing up prices and disrupting trade flows as oil and gas shipping through the Gulf region becomes increasingly uncertain. Industry participants are already hurting by way of feedstock markets, particularly naphtha and liquefied petroleum...
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SABIC records 45% increase in net adjusted income compared to Q2 2025
SABIC, a global leader in chemicals, today reported positive financial results for the third quarter of 2025, with a net adjusted income of SAR 698 million, recording an increase of 45% compared to the last quarter’s net adjusted income of SAR 484 million. Revenues reached SAR 34.3 billion in the third quarter, while sale volumes...
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Polymer products production capacity to reach 16m tons
The managing director of Iran’s National Petrochemical Company (NOC) said the country’s polymer production capacity is planned to reach 16 million tons.
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Aramco, Sinopec, and FPCL form joint venture to develop large-scale refining and petrochemical complex in China
Aramco, one of the world’s leading integrated energy and chemicals companies, China Petroleum & Chemical Corporation (Sinopec), and Fujian Petrochemical Company Limited (FPCL) today announced the establishment of a new joint venture, Fujian Sinopec Aramco Refining and Petrochemical Co., Ltd, to develop a large-scale integrated refining and petrochemical complex in Fujian province, China.
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Blue Polymers opens first recycling plant
Blue Polymers, a joint venture between compounder Ravago and material recovery facility (MRF) operator Republic Services, has opened its first recycled resin plant in Indianapolis.
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