JBF

The plastics industry continues to work in a state of emergency / Slumps in demand, cheap imports and ever-new regulations make life difficult for producers and processors / Producers on the other side of the Atlantic also face more difficulties

"It's about more than just PET," says Daniel Stricker

PET November 2023: Market still in crisis mode / European production in deep trouble / PX drop implemented in part / Dispute over annual purchase volumes coming to a head / December to remain weak

Ambitious PET group collapses / GAIL takes over in India / Fate of Belgian plants unknown

PET October 2023: Hard-pressed situation for producers culminates / Temporary shutdown announced in Belgium / Part of increased PX cost passed on with a low level of activity

Belgian PET producer names Rotstein VP of marketing and commercial

PET: Indian JBF the first producer to supposedly declare force majeure / High costs cause plant cutbacks in Europe

PP: Ineos declares force majeure in Belgium

Fibre applications compensate for overall slowdown / Surplus tendency with paraxylene / PTA more balanced / Excessive increase in MEG capacities

PET: JBF lifts FM in Belgium / BP's PTA facilities delivering again / Shortage to continue into summer

Restructure with investor KKR to reduce debt / New PTA plant to yield substantial EBITDA

PET: JBF declares force majeure in Belgium

Global consolidation gathers speed after many years of overcapacities / Margins already on the up / Switch to more virgin material in China as "collateral damage" from new recycling policy

Turkish company builds polyester and PET plants in Adana / Contract with Uhde Inventa-Fischer

Permanent closure of PET plant in UK

PET facility in Geel starting up with the aid of MB Barter / Indian company could be poised for takeover

PTA supply to M&G halted due to overdue payments / Possible troubles for PET producer

PET: JBF disconnects plant in Belgium / Liquidity problems / UAE production also set to stop

Petitioners applaud final US anti-dumping duties for PET imports from Canada, China, India and Oman / Unanimous vote by International Trade Commission

US authorities impose preliminary anti-dumping duties on PET imports from Canada, China, India and Oman / Chinese producers slapped with highest tariffs

US imposes provisional anti-dumping duties on PET from China and India / No tariffs for Omani imports

KKR to invest USD 150m in Indian PET producer / Funds will contribute to completion of petrochemical complex in Mangalore

Sixteenth “GEPET” conference to be held in Lyon in June

Belgian PET plant successfully starts up / First volumes hit the market

Polymer capacity continues to rise / PE accounts for most regional output / Saudi Arabia is largest production base / Conversion sector focused on packaging and construction