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Global Processing e-News

US plastics industry rebounds

The U.S. plastics sector has rebounded to pre-recession levels, with the future outlook still positive thanks to robust growth in the resin sector and cheap shale gas feedstocks.
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India needs to develop food processing potential, industry group says

A new report predicts that the country could attract $33 billion of investment over the next decade, boosting the national economy and securing high profits.
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Sabic plans US petrochemical investment

Saudi petrochemical giant Saudi Basic Industries Corp. recently announced plans to invest in a petrochemical project in the United States next year and tap into the U.S. shale energy abundance.
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Iran plans to boost petrochemical production

Iran should stop exporting large amounts of raw petrochemicals and look for ways to make more profit by selling added-value products, according to the leader of the parliamentary Petrochemical Committee.
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UK poultry industry blames planning curbs for stifling local production

According to the British Poultry Council, the country is running out of space to rear chickens and planning curbs are making it extremely difficult to "Buy British."
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Yara, BASF plan investment in US ammonia plant

Norway's Yara, the top global producer of nitrate fertilizers, is planning a big investment in the United States in partnership with German chemicals giant BASF.
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Taiwanese companies plan to invest in petrochemical complex in China

The Petrochemical Industry Association of Taiwan announced Monday that a group of eight Taiwanese companies is planning to invest in the construction of a large petrochemical complex in China.
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European refineries still facing major challenges

The future of Europe's refining sector continues to look bleak, as the industry seems unable to adapt to new market conditions and struggles to remain competitive with the United States and emerging markets like the Middle East and China.
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US beef shipments blocked in South Korea

South Korea has banned the import of certain shipments of U.S. beef, following the discovery of the feed additive known as zilpaterol in meat supplied by the U.S. unit of meat processing company JBS.
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UK poultry processor pleads guilty to selling products with wrong expiration date

British poultry manufacturer 2 Sisters Food Group has been fined $176,000 for printing the wrong expiration dates on cooked chicken products manufactured at its facility in Haughley Park, Suffolk.
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