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Global Processing e-News

Brazil ramps up plastics resins imports

September 23, 2013
Due to Brazil's rapidly growing industry, demand for plastics and plastic resins is continually growing, leading to a rising volume and value of imports.
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EU aims to recycle 62% of plastics by 2020

September 23, 2013
While only 24% of all plastics were recycled in 2013, a new study commissioned by Plastics Recyclers Europe says that an overall plastics recycling target of 62% across the European Union is achievable by 2020.
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Investigation reveals mistake in oil labeling in Quebec train crash

September 20, 2013
The investigation into the train crash in Lac-Megantic, Quebec, has revealed that the crude oil transported in the railcars had a lower flash point than indicated on documents, meaning that it was actually more volatile than could be expected.
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OPEC prepares for falling oil market share in 2014

September 18, 2013
The global oil market is "well-supplied," despite predictions that the market share of the Organization of Petroleum Exporting Countries (OPEC) is likely to slip in 2014, due to increased production from non-OPEC countries.
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30% of global food production is wasted, UN study shows

September 16, 2013
As much as one-third of the total amount of food produced worldwide is wasted, costing the global economy about $750 billion on an annual basis, a new UN Food and Agriculture Organization report claims.
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BP awards contracts worth £1 billion For North Sea development

September 16, 2013
British oil giant BP announced last week that more than 30 UK companies have been awarded contracts worth a total of over £1 billion for the development of two oil fields in the North Sea.
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Total plans to increase hydrocarbon resins, polymer production in France

September 13, 2013
French oil and gas giant Total will invest EUR160 million to convert its Carling petrochemical platform by 2016 and plans to close the naphtha cracker during the second half of 2015.
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Venezuela blames saboteurs for deadly blast at refinery in 2012

September 11, 2013
Venezuela's oil minister, Rafael Ramirez, announced that the deadly blast at the state-run Amuay Refinery, which killed 42 people, was the result of sabotage.
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Omega Engineering opens new office in Singapore

September 9, 2013
Omega Engineering, Inc. is opening a new office in Singapore to coordinate its business throughout the Southeast Asia region, the company announced last week.
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Latin American refining sector struggling to capitalize on growing oil output

September 9, 2013
Latin America's oil production has been on the rise over the past few years but most economies in the region have had difficulties capitalizing on this development.
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