Topic
petrochemicals
8 stories related to this topic, newest first.
redir.folha.com.brworld39 days ago
Braskem Idesa Nears Agreement on $250 Million Loan in Chapter 11 Bankruptcy
Mexico’s Braskem Idesa and its creditors are nearing an agreement for a loan of around $250 million as part of a Chapter 11 bankruptcy filing. The loan is intended to support the company through the restructuring process. The development was reported by people familiar with the m…
ecns.cnfinance40 days ago
Saudi Aramco Q1 Profit Rises 26%; East-West Pipeline Reaches 7 Million Barrels Per Day
Saudi Aramco reported adjusted net income of $33.6 billion for the first quarter, beating forecasts, as its East-West pipeline reached maximum capacity of 7 million barrels per day amid disruptions from the Iran conflict. The company said the pipeline has helped mitigate global e…
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Lotte Chemical Swings to Modest Q1 Profit on Temporary Feedstock Cost Lag
Lotte Chemical Corp. swung to a net profit of 33.5 billion won in the first quarter, reversing a year-earlier loss, as lower feedstock costs from the lagging effect of crude oil prices boosted margins. Revenue rose 1.8 percent to 4.99 trillion won. The South Korean company has be…
koreatimes.co.krworld46 days ago
Creditors Raise Yeochun NCC Letter of Credit Limit to $300 Million for Naphtha Imports
Creditors of Yeochun NCC, a major South Korean ethylene producer, agreed to increase the company's letter of credit ceiling to $300 million. The move aims to help secure naphtha supplies amid disruptions linked to the Iran conflict. The Financial Services Commission said the Kore…
rediff.comfinance46 days ago
Shortage of Iran Oil Products Raises Packaging Costs in Asia
A shortage of petrochemical feedstocks from Iran has driven up prices for plastic packaging used in food and medical products across Asia. The disruption stems from an oil crisis in Iran that has reduced supply of key inputs. Higher costs are affecting manufacturers and could rea…
armstrongeconomics.comfinance47 days ago
Iran War Triggers Plastic Shortage in Asia, Affecting Industries and Supply Chains
The ongoing Iran war has disrupted oil supplies, leading to shortages of plastics in Asia. This affects products like medical equipment and food packaging, with prices rising significantly. Experts suggest companies may diversify supply sources to mitigate risks.
Substrate placeholder — needs reviewfinance62 days ago
Wanhua Chemical Reports Q1 Earnings Growth and Overseas Expansion Plans
Wanhua Chemical, a major Chinese petrochemical company, announced an increase in its first-quarter earnings. The firm also committed to speeding up its international growth efforts. This move is intended to mitigate escalating trade uncertainties.
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Substrate placeholder — needs reviewfinance62 days ago
China Set to Import Record Volume of US Ethane Amid Disruptions from Iran Conflict
China is expected to import a record 800,000 tons of US ethane in April 2026 due to supply disruptions of naphtha and LPG from the Middle East caused by the ongoing Iran war. This increase, about 60% above the monthly average, helps petrochemical producers offset shortages follow…