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Oil demand slowing, market more balanced: IEA

PARIS - The world oil market is becoming more balanced, demand is falling and oil prices should soften as a result, International Energy Agency (IEA) Executive Director Nobuo Tanaka said on Thursday. OPEC's research director also said U.S. demand was falling and other countries ...

Panasonic develops new recycling technology for decomposing plastics

Matsushita Electric Industrial Co., Ltd., along with Kusatsu Electric Co., Ltd. has developed a recycling technology that can decompose plastic and recycle useful metals used in electronic equipment without causing hazardous gases. Using the catalyst of titanium oxide, the ...

African nations should nationalize oil: Venezuela

DAKAR - African nations should follow Venezuela's lead and nationalize their energy and mining sectors to secure the resources to fight poverty, Venezuela's deputy foreign minister for Africa said on Friday. Reinaldo Bolivar, on a visit to Senegal, said his oil-rich South ...

How sweet it is: 'Revolutionary' process points to sugar-fueled cars

11 Apr 2008 - Chemists are describing development of a "revolutionary" process for converting plant sugars into hydrogen, which could be used to cheaply and efficiently power vehicles equipped with hydrogen fuel cells without producing any pollutants. The process involves ...

IRPC to invest US$1.4 bln to upgrade refinery, increase petrochem capacity

IRPC plans to invest US$1.4 bln until 2011 on four projects to upgrade its refinery, increase petrochemical capacity and enlarge its deep-sea port. IRPC was formerly known as Thai Petrochemical Industry (TPI). Investment would be made on four projects starting with a refinery ...

Arkema to stop production of MBS modifiers at its US facility in Axis (Alabama)

11 Apr 2008 - Arkema announced it will cease production of Clearstrength methacrylic-butadiene-styrene (MBS) impact modifiers at its U.S. facility in Axis (Alabama), and consolidate worldwide MBS production at its facility in Vlissingen, in the Netherlands. Over the next few ...

US weekly chemical railcar traffic jumps 9.2%

TORONTO--US chemical railcar traffic for the week ended 5 April rose 9.2% from the same week last year, the Association of American Railroads (AAR) said on Thursday. Chemical railcar loadings for the week totalled 31,478, compared with 28,835 for the same week in 2007, the ...

Oil demand slowing, market more balanced: IEA

PARIS - The world oil market is becoming more balanced, demand is falling and oil prices should soften as a result, International Energy Agency (IEA) Executive Director Nobuo Tanaka said on Thursday. OPEC's research director also said U.S. demand was falling and other countries ...

Oil slips from record, Saudi says supplies ample

NEW YORK - Oil slipped from record highs on Thursday as top exporter Saudi Arabia insisted markets were amply supplied despite falling U.S. inventories. U.S. crude gave up 34 cents to $110.53 a barrel by 1:51 p.m. EDT after trading just one cent shy of the record $112.21 struck ...

DSM announces investment plan for powder coating resins

22 Apr 2008 - Royal DSM N.V. announced its long term manufacturing plan to expand its polyester powder coating resin facilities and prepare its manufacturing network for the future. The capacity at three of its locations will be expanded, while preparations have started for ...

Iran sets deadline for Total and Shell to finalize deals

Iran has set a June deadline as the last chance for Total and Royal Dutch Shell to arrive at a decision to finalize deals to develop two major oil and gas assets in the Persian Gulf after the two oil firms have been delaying investments in the region due to rising costs. Iran ...

Perstorp increases price for Capa Caprolactone monomer and Polycaprolactones

22 Apr 2008 - Specialty chemicals company, Perstorp, announces price increase on its Capa range of Caprolactone monomer and Polycaprolactones. Effective May 15th, 2008, Perstorp will increase the price for Capa on overseas markets by USD 330/MT. Effective June 1st, 2008, Perstorp ...

Oil running out as prime energy source, poll finds

WASHINGTON - Most people believe oil is running out and governments need to find another fuel, but Americans are alone in thinking their leaders are out of touch with reality on this issue, an international poll said on Sunday. On average, 70 percent of respondents in 15 ...

OPEC chief: oil prices would go higher

BEIJING -- OPEC Secretary-General Abdullah el al-Badri said Sunday oil prices would likely go higher and that the group was ready to raise production if the price pressure was due to a shortage of supply -- something he doubted. "Oil prices, there is a common understanding that ...

OPEC rules outplans to boost oil production

BEIJING -- The Organization of Petroleum Exporting Countries doesn't need to raise oil production and any increase will not affect prices, officials including the group's president, Chakib Khelil, said. "Any increase in production now will not have an impact on prices because ...

Safety expert predicts accidents of the future

21 Apr 2008 - One of the UK's leading process safety experts says that human error is the most likely cause of industrial accidents in the next fifteen years. Professor Trevor Kletz OBE was speaking at the Institution of Chemical Engineers' (IChemE) Hazards conference, where over ...

Scientists discover how nanocluster contaminants increase risk of spreading

21 Apr 2008 - For almost half a century, scientists have struggled with plutonium contamination spreading further in groundwater than expected, increasing the risk of sickness in humans and animals. It was known nanometer sized clusters of plutonium oxide were the culprit, but no ...

Aesica appoints operations director

24 Apr 2008 - Aesica announced the appointment of Anthony Higham as Operations Director. Anthony will join the company from GlaxoSmithKline where he was a Divisional Technical Head within Global Manufacturing & Supply. Anthony has more than 20 years global experience in the ...

BASF announces major bioplastics production expansion

21 Apr 2008 - BASF SE has announced plans for a significant expansion of its production plant for the biodegradable plastic Ecoflex at the company's Ludwigshafen site. The move will raise Ecoflex production capacities from the current 14,000 by 60,000 metric tons per year. ...

Praxair Expands Supply to Samsung in Korea

23 Apr 2008 - Praxair, Inc. and Samsung Electronics have signed a memorandum of understanding under which Praxair will increase production capability to 3,300 tons per day for line #8 at Samsung Electronics' advanced thin-film-transistor, liquid-crystal-display (TFT-LCD) factory ...

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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