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Evonik and SolarWorld Open New Solar Silicon Plant

Evonik Industries and SolarWorld have officially opened their new solar silicon plant in Rheinfelden (Baden, Germany). As part of the joint venture Joint Solar Silicon (JSSI), the two companies are using a process in the new plant that enables energy savings of up to 90 percent ...

Asian base oils steady despite crude fall

SINGAPORE--Asian base oils prices are holding firm for now despite a more than 20% drop in upstream crude and gasoil prices, said base oils buyers and sellers on Tuesday. "Buying sentiment is weaker and buyers are pushing us for lower prices, but we have fixed August business at ...

Borouge awards contract to Agility (Abu Dhabi) PJSC for CMU and Logistics Hub in Shanghai

Borouge, a leading provider of innovative, value creating plastics solutions, has today awarded a service contract to Agility (Abu Dhabi) PJSC to build the Borouge Compound Manufacturing Unit (CMU) and Shanghai Logistics Hub in Shanghai, China, and to provide local logistics ...

BASF introduces several new Engineering Plastics for food contact in Europe

BASF will be offering several new grades in its range of Engineering Plastics in Europe specifically for food contact. As stipulated in the GMP (Good Manufacturing Practice) regulations for plastics that come into contact with food, there is now a requirement for an enlarged ...

Oil falls more than $1 as dollar firms

SINGAPORE - Oil fell more than $1 a barrel on Tuesday as part of a broader commodities sell-off on the firmer U.S. dollar, which countered concerns over possible supply disruptions due to the Russia-Georgia clash. Worries over slowing global demand also put prices under pressure, ...

Oil falls as dollar firms, eyes Georgia conflict

SINGAPORE - Oil fell on Tuesday as the U.S. dollar firmed to six-month highs, countering concerns over possible supply disruptions due to the Russia-Georgia clash. Worries over slowing global demand also put prices under pressure, after world No. 2 consumer China posted a ...

Oil retreat only modest reprieve for U.S. economy

WASHINGTON - It has been one of the most predictable trades on Wall Street all year. When oil prices go down, stock markets go up, and vice versa. If the stock market is a reflection of the broader economy, then only half of that equation makes sense. Oil inflicts heavy and ...

Oil vulnerable as OPEC supply cushion thins: Iran

TEHRAN - Rising OPEC output has cut the group's spare capacity and left the oil market vulnerable to any surprise supply disruptions, Iran's OPEC governor said on Sunday. The Organization of the Petroleum Exporting Countries (OPEC) pumped more oil for the third consecutive month ...

CNPC to increase gas distribution business

BEIJING -- China National Petroleum Corp. (CNPC), the country's largest oil producer, is mulling over increasing its portfolio in the urban gas distribution sector. CNPC, also the country's leading company in natural gas production and transportation, said it would use its ...

Japan AOC delays start of Egypt oil output to 2010

TOKYO - Japan's AOC Holdings (5017.T: Quote, Profile, Research, Stock Buzz) said on Thursday it aimed to start commercial output of crude oil from Egypt's offshore Northwest October block in the northern Gulf of Suez in April-September 2010, delayed from its previous plan of ...

Iraq condemns oil majors' "humanitarian" failure

MOSCOW - A top Iraqi official on Wednesday attacked oil majors for trying to overcharge the war-torn nation and ignoring their "humanitarian" duty to help develop Iraq's battered oil industry. "Foreign companies, including Russian companies, have not taken up the call to develop ...

Oil rises to near $115 on U.S.-Russia missile spat

NEW YORK - Oil prices rose to near $115 a barrel on Wednesday after Russia responded angrily to a U.S. missile shield agreement with Poland, raising the threat of a supply disruption from the huge energy producer. The gains were encouraged by a report earlier in the day from ...

PetroChina Sichuan selects Dow Technology and Aker Solutions for 450000 tpa PP facility in Chengdu

PetroChina Sichuan Petrochemical Co., Ltd. (PetroChina Sichuan) has selected UNIPOL Polypropylene Process Technology from Dow Technology Licensing for its new 450,000 tpa polypropylene facility in Chengdu, Sichuan Province, and Aker Solutions will provide the process design and ...

A Schulman to expand North American manufacturing operations

A Schulman Inc. plans to expand its North American Polybatch manufacturing operations with a new plant at the site of its existing distribution warehouse in Akron, Ohio. With the setting up of this plant, the company plans to attain a leadership position for Polybatch in USA akin ...

Symrise: New Biotechnology Partnership in the US

Symrise has acquired a 20 percent stake in the US biotechnology company Therapeutic Peptides Inc. (TPI), thus securing exclusive distribution rights for highly advanced cosmetic active ingredients. In acquiring a stake in TPI, Symrise gains access to the group of active ...

AkzoNobel reaches final agreements for Decorative Paints divestments in connection with ICI acquisition

AkzoNobel has agreed to sell its Crown Paints decorative paints business in the United Kingdom and Ireland to Endless LLP, an independent private equity house. AkzoNobel has also agreed a deal to sell two Belgian brands to Rieu Investissements S.A., a French producer of coatings. ...

Nigeria militants kill 3 in battle over oil turf

PORT HARCOURT, Nigeria - At least three people were killed in a turf dispute between rival armed gangs in Nigeria's oil-producing Niger Delta, one resident and a security source said on Tuesday. The gun battle over control of stolen oil in Sama, a village near the main industrial ...

YNCC aims for cracker restart

SINGAPORE--Yeochun Naphtha Cracking Center (YNCC) aims to restart its 550,000 tonne/year No 2 cracker at Yeocheon, South Korea, tonight after the facility was shut down unexpectedly on Thursday morning due to compressor issues, a company source said. "We ll try to start up the ...

Sinopec H1 net profit dips, Q3 likely weak

SINGAPORE--Chinese energy giant Sinopec is expected to continue to perform poorly in the third quarter as price hikes in June have not been able to boost its refining margins sufficiently and further increases were too late to be realised by the end of September, analysts said on ...

World oil prices alleviate as dollar gets stronger, after falling by more than 6 dollars

In Asian trading, the euro is currently trading at 1.4737 dollars compared with 1.4779 in New York late Friday. This morning witnessed a drop in oil prices in Asian trade as the US dollar gets stronger. The recent gains in the value of the dollar have weakened demand for dollar...

Latest World News

china

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 ...

world

market

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 ...

finance

company

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 ...

trade

sports

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 ...
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