NOVAPET

PTA shortage forces PET manufacturer to slash capacity / No force majeure

BP

Major PTA capacity expansion planned in China / Additional output geared towards meeting rising regional demand

PETROCHEMICAL MARKETS

La Seda PET subsidiary Artenius declares force majeure for all facilities / BP encounters technical problems in Geel

VINYLS ITALIA

Swiss fund to present final bid on 15 February / Plans to upgrade and expand PVC capacity

POLYMER PRICES

PET December 2010: Notations follow production costs upward / Low end of range pushed upward / Run on polyester in Asia drives prices across the globe / Supply tending tighter / Hikes likely this month

INEOS

Takeover of Nova's stake in Ineos Nova styrene joint venture

BP

Sale of Malaysian polyethylene and ethylene assets for USD 363m

BRAZIL

Industry association calls on plastics processing sector to consolidate / 5.19m t of plastics consumed in 2009 / Braskem is leading producer / Export deficit reaches USD 1 bn