industry

18 Sep 2008 - Genencor, a division of Danisco A/S and The Goodyear Tire & Rubber Co. announced a research collaboration to develop a breakthrough biobased process for producing isoprene using renewable raw materials. Goodyear and Genencor are developing BioIsoprene , a biobased ...
High oil prices, a stronger euro vs the dollar and a slowdown in the United States economy in this quarter have taken their toll on performance of Germany-based chemical makers. Output volume of Germany-based chemical makers has been down revised to rise at 1%, down from a ...
Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in The Netherlands, has announced that the second polymerization plant for Stanyl polyamide 46 on the Chemelot site in Geleen (Netherlands) has opened. The new plant doubles DSM's worldwide ...
NEW DELHI - Foreign banks advising Oil India Ltd on its initial public offering have sought an assurance the explorer will not invest the funds raised in Iran and Sudan, which face U.S. sanctions, oil ministry officials said on Wednesday. The company aims to open its IPO on ...
LONDON - The head of the International Energy Agency said on Wednesday there was a risk of global recession if oil prices stayed around the current level and hurt emerging economies. Nobuo Tanaka, head of the agency which advises 27 industrialized countries, also said the supply ...
NEW YORK - Oil prices shot up $6 on Wednesday, the largest one-day percentage gain in three months, as a U.S. government report showed nationwide energy inventories fell in the aftermath of the Gulf Coast hurricanes and the greenback slid against the euro. The gains followed the ...
A U.S. Senate subcommittee told JP Morgan Chase & Co on Wednesday to immediately start turning over a year's worth of internal documents about the bank's view on oil prices, The New York Times said citing a letter. The move came after the subcommittee obtained a private message ...
Oil companies and trading sources have detailed about 550,000 barrels per day (bdp) of Nigerian crude oil shut following the sabotage of oil facilities. Nigerian militants have launched assaults on two oil installations in the Niger Delta in the heaviest fighting there in two ...
o OMV and Borealis invest EUR 840 mn in the expansion of their petrochemical production capacities o Increase of ethylene production to 450,000 t per year; increase of propylene production to 560,000 t; increase of polypropylene production to 570,000 t o New plants successfully ...
NEW YORK -- Crude oil tumbled below 96 U.S. dollars a barrel Monday morning as the bankruptcy of Lehman Brothers sparked concerns about demand and Hurricane Ike spared the Gulf refineries. Light, sweet crude for October delivery slid 5.63 dollars to 95.55 dollars a barrel as of ...
VIENNA -- The Organization of Petroleum Exporting Countries (OPEC) will hold its official crude oil production quota unchanged until mid-December, OPEC President Chakib Khelil emphasized before the 149th Ordinary Meeting held in Vienna late Tuesday night. The market is "well ...
TOKYO - Oil rose for a third straight session on Wednesday to near $117 a barrel on growing worries over Tropical Storm Gustav, which headed towards U.S. oil and natural gas installations in the Gulf of Mexico. Crude for October delivery rose 44 cents to $116.71 a barrel by 0235 ...
LONDON - Sparked by surging oil, a dramatic rise in the value of old plastic is encouraging waste companies across the world to dig for buried riches in rotting rubbish dumps. Long a symbol of humanity's throw-away culture, existing landfill sites are now being viewed as mines of ...
A group of oil companies were awarded more than $1 billion by a U.S. court of appeals to recover their costs related to offshore leases in California. On Monday, the U.S. Court of Appeals for the Federal Circuit ordered the government to return the funds the plaintiffs had paid ...
Global market for thin films in energy applications is currently worth US$1.1 bln in 2007, expected to increase to US$1.4 bln in 2008. By 2013, it will increase to US$3.9 bln at a compound annual growth rate (CAGR) of 23.5%, as per a new technical market research report by BCC ...
SINGAPORE --Base oils in India have fallen for the first time in nine months and September prices have been negotiated $50-70/tonne lower than last month on falling crude and gasoil values, said buyers and sellers on Tuesday. Falling crude and gasoil prices since the end of July, ...
Demand for Polystyrene continues to be dismal in Asia, leading to mounting sales pressure that have caused prices to dip. Most CFR China offers for GPPS sank to US$1650/MT, as sellers cut offers in an attempt to liquidate cargoes. Most deals were heard concluded at least twenty ...
ALTANA has signed a contract to acquire the effect pigment business of the American company United States Bronze Powders Inc. (USBP). In 2007, USBP achieved sales of approximately $8 million in this business area. USBP retains its powder business as well as its aluminum pigments ...
NEW DELHI - India's state-run oil firms have urged the government to allow them to sell diesel to bulk users at a price 64 percent above the pump rate, The Economic Times daily reported on Tuesday, citing unnamed official sources. Diesel currently retails at 34.80 rupees ($0.80) ...
TEHRAN - Iran's oil minister said on Monday he expected OPEC to work on preventing the falling trend in crude prices and also to study oversupply in the market when it meets in September, oil ministry news website SHANA said. Iran is traditionally a price hawk and has been at the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...