Supply and demend of acetic acid remains tight in Japan. Despite Kyodo Sakusan Co. Ltd. operating at nearly full capacity and the country’s imports increasing since last year, solid demand...
purified terephthalic acid
China’s Changxing Island to Become Major Petrochemical Hot Spot
A number of initiatives have begun to materialize for one of China’s seven major petrochemical hubs, Changxing Island, Dalian. One of these is a plan to launch a 2 million...
Thailand’s PTTGC Targets Expansion of Derivatives Business
PTT Global Chemical PCL (PTTGC) of Thailand is considering businesses involving styrene monomer (SM), high-purity terephthalic acid (PTA) and polyethylene terephthalate (PET) resin. As the company implements a naphtha cracker...
Paraxylene Demand to Exceed 40M Tons in 2017
Global demand for paraxylene (PX) is likely to exceed 40 million tons per annum this year. Production of downstream polyester in China is progressing at a high level, and the...
Korean Government Encourages Industrial Restructuring Amid Petrochemical Oversupply
A structural reform of the petrochemical industry in South Korea is on the horizon. In addition to encouraging voluntary adjustments to production capacity, the South Korean government is placing emphasis...
