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Researchers move closer to converting plants into biofactories

Australian researchers have moved closer to converting plants into biofactories capable of producing oils to replace petrochemicals. Scientists working within the joint CSIRO/Grains Research and Development Corporation Crop Biofactories Initiative (CBI) have achieved a major ...

BASF's Q1-08 sales record 9% rise

Q1-08 sales of BASF SE, Germany, have recorded a 9% rise to EUR 15.9 bln, while income from operations (EBIT) before special items rose by over 11% to almost EUR 2.4 bln as against the same period last year. Higher volumes and prices have contributed significantly to Q1 rise in ...

Why oil prices are at a record high

U.S. crude oil hit an all-time high of $119.93 a barrel on Monday. Robust demand for crude and a weak dollar have fuelled the rally from a dip below $50 at the start of 2007. Adjusted for inflation, oil is now above the $101.70 peak hit in April 1980, according to the Internation...

DSM announces opening of PA4T market development plant

30 Apr 2008 - Royal DSM N.V., announced the opening of the market development plant for PA4T, the new polymer for use in electronics and other applications. The plant is located in Sittard-Geleen, the Netherlands, where DSM has its worldwide R&D center. Since the announcement of ...

Oil near $116 as dollar rises, UK refinery strike ends

LONDON- Oil fell more than $2 a barrel on Tuesday, retreating further from a record high hit a day before, as the dollar firmed and a strike ended at Britain's Grangemouth refinery. Resumption of talks between Nigerian unions and Exxon Mobil to end a six-day strike that has shut ...

Shell, BP profits jump on record oil price

LONDON - Oil giants Royal Dutch Shell beat forecasts to post big rises in first quarter profits on Tuesday, lifting shares across the sector, as investors bet oil prices above $100/barrel would be an even bigger bonanza than expected. Shell, the world's No. 2 non government...

"Hypermiling" drives savings as fuel costs soar

PHILADELPHIA - As U.S. gasoline prices hit records on almost a daily basis, an increasing number of motorists are following a radical driving technique designed to eke out every last mile from a tank of fuel. Known as 'hypermiling,' the method can double gas mileage, even in gas...

Renewably sourced offerings for the packaging market

Two new products have been introduced by Dupont for the packaging market with the launch of new Biomax TPS thermoplastic starch and Biomax PTT (polytrimethylterephtalate) injection moldable resin. Biomax TPS is a renewably sourced thermoplastic starch for packaging applications. ...

Petron to study options to further enhance Bataan refinery

Philippines' leading oil refiner Petron Corporation is studying options to improve its 180,000 bpd refinery in Bataan. Petron is evaluating phase two of its Refinery Master Plan, which aims to increase conversion capacity and petrochemical feedstock production. The PetroFCC and ...

U.S. arms sales to OPEC at risk over oil: senators

WASHINGTON - Democrats in the U.S. Senate stepped up their attacks on OPEC oil producers on Thursday, threatening to block billions of dollars in arms sales to suppliers such as Saudi Arabia if they fail to take action to tame record oil prices. Democratic senators Charles ...

White House: No short-term fix to high fuel prices

WASHINGTON - The White House said on Monday there was no short-term fix to record-high gasoline prices and the United States should try to increase domestic production and seek alternative fuel sources. The average U.S. retail price for gasoline jumped 9.5 cents over the past ...

Oil rebound to US$118 after flitting near US$120

Light, sweet crude for June delivery settled at US$118 on the New York Mercantile Exchange by midmorning in Singapore. The previous session witnessed oil prices spike to a record US$120 levels as the US dollar continued to weaken, and concerns about unstable supply mounted amid ...

Yara to sell 50% of holding in China BlueChemical

10 Apr 2008 - Yara International ASA has offered for sale 50 % of its shares in China Blue Chemical Ltd. The stake in the company was acquired in 2006 as a part of the IPO of China Blue Chemical and constituted a total of 9% of the total free float of the company. As part of this ...

Rohm and Haas to Acquire Powder Coatings Distributor in France

10 Apr 2008 - Rohm and Haas Europe Sarl announces the acquisition of ACIL, its former exclusive distributor for the French Powder Coatings market. Based in Savigneux, France, ACIL has for 14 years positioned itself as a strong player in the French Powder Coating industry, through ...

Varian, Inc. Acquires Oxford Diffraction, Ltd.

10 Apr 2008 - Varian, Inc. announced that it has acquired Oxford Diffraction, Ltd., a privately owned company based in Abingdon, U.K. "The acquisition of Oxford Diffraction is key to Varian's goal of broadening its range of information-rich detection products for life science ...

Oil volatility drives rise in options trade

NEW YORK - Wild price swings on the U.S. crude oil market have driven a big increase in the use of options as traders seek more sophisticated ways to reduce risk and lock in profits. Open interest in crude oil options traded on the New York Mercantile Exchange surged 20 percent ...

Crude prices set new intraday high

NEW YORK, April 9 -- Crude futures set new intraday record high Wednesday after the U.S. government reported lower-than-expected inventories. Crude oil inventories fell 3.15 million barrels to 316 million last week, the first decline since February, the Energy Department said. ...

Oil roars to record over $112 on U.S. inventory drop

NEW YORK - Oil surged to a record high over $112 a barrel on Wednesday after a government report showed a sharp drop in U.S. inventories ahead of the summer driving season. U.S. crude settled up $2.37 at $110.87 a barrel after peaking at $112.21 and eclipsing the previous record ...

Summer gasoline use to drop 1st time since 1991

WASHINGTON - U.S. summer gasoline demand will shrink for the first time since 1991 as skyrocketing pump prices and the wider economic malaise hit holiday plans, the Energy Information Administration forecast on Tuesday. With some regions seen facing the shock of $4 a gallon ...

EIA offers grim oil supply picture through 2008

WASHINGTON - The government's energy forecaster offered a grim view of global oil market supply on Tuesday, cutting its prediction for supplies from both OPEC and non-OPEC countries for 2008 despite tight fundamentals this summer. For the first time ever, the U.S. Energy ...

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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