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Oil rebounds to near $110

NEW YORK - Oil prices rebounded sharply on Tuesday to near $110 a barrel after the U.S. Federal Reserve deepened interest rate cuts to fend off a recession. The surge reversed heavy losses Monday that had been triggered by financial woes at investment banks, including Bear ...

PetroChina asks for change in oil product prices, import taxes

BEIJING -- PetroChina, the country's largest oil producer, said it hoped that the government would adjust refined oil product prices to reflect high world crude prices. Jiang Jiemin, the chairman of PetroChina, told the Shanghai Securities Journal that the company had applied to ...

UC San Diego Scientists Develop Sensor for Homemade Bombs

A team of chemists and physicists at the University of California, San Diego has developed a tiny, inexpensive sensor chip capable of detecting trace amounts of hydrogen peroxide, a chemical used in the most common form of homemade explosives. The invention and operation of this ...

Arkema to increase prices of its Methacrylic monomers in Europe

Due to continuous cost pressures on raw materials and utilities, Arkema announces a EUR100/T price increase for its Norsocryl Methacrylic monomers, effective April 1, 2008. This concerns Methyl Methacrylate (MMA), Methacrylic Acid (MAA), as well as the other esters iBMA, nBMA, 2...

Dow to Increase Refined Ethylene Oxide Capacity in Terneuzen, The Netherlands

20 Mar 2008 - The Dow Chemical Company announced that it will transition to ethylene oxide (EO)-only production at its EO/EG plant in Terneuzen, The Netherlands, shutting down production of ethylene glycol (EG) at the site before the end of 2008. In 2009, Dow will implement an ...

Dollar holds gains after jump on oil's slide

TOKYO - The dollar inched lower against the euro on Friday but held on to much of the gains it made the previous day when investors sold commodities including oil and gold and repatriated cash back into the dollar. The dollar made its biggest gain against the euro since mid...

ONGC exports hit : MRPL to source crude from ONGC for Apr, May

India's Oil and Natural Gas Corp will not issue tenders to sell April and May loading Sudanese Nile Blend crude as it plans to supply the equity crude to its subsidiary Mangalore Refinery and Petrochemicals (MRPL). MRPL runs a 194,000 bpd refinery in the southern Indian state of ...

Conductive polymer market set for growth

The global market for conductive polymers is expected to reach 314.7 million pounds (143,000 tonnes) in 2008. In a forecast from US-based BCC Research, the market is set to increase to over 409 million pounds (186,000 tonnes) by 2013, at a compound annual growth rate of 5.4%. BCC ...

NIST finds 'metafilms' can shrink radio, radar devices

Recent research at the National Institute of Standards and Technology (NIST) has demonstrated that thin films made of "metamaterials" - manmade composites engineered to offer strange combinations of electromagnetic properties - can reduce the size of resonating circuits that ...

DuPont EP responds to sterling slide

DuPont Engineering Polymers is responding to the weakening in the value of the pound with the introduction of a 5% increase in prices for UK customers invoiced in sterling. The charge, covering engineering polymer materials such as Zytel nylon, Delrin acetal and Crastin and ...

A. Schulman enters into agreement for sale of Orange, Texas plant

20 Mar 2008 - A. Schulman, Inc. announced that it has entered into an agreement with Alloy Polymers, Inc. for the sale of A. Schulman's plant in Orange, Texas. No financial details about the agreement were released. Alloy Polymers operates plants in Richmond, Virginia, Gahanna, ...

A. Schulman enters into agreement for sale of Orange, Texas plant

20 Mar 2008 - A. Schulman, Inc. announced that it has entered into an agreement with Alloy Polymers, Inc. for the sale of A. Schulman's plant in Orange, Texas. No financial details about the agreement were released. Alloy Polymers operates plants in Richmond, Virginia, Gahanna, ...

La Seda de Barcelona to build 700,000 tpa PTA plant in Portugal

As a solution to the problem of material shortage in Europe, Spanish PET producer La Seda de Barcelona plans to build a 700,000 tpa PTA (purifed terephthalic acid) plant in Sines, Portugal. Europe currently imports 400,000 tons of PTA from Asia. PTA is a key raw material in the ...

Mitsubishi Chem restarts operations at fire affected No. 2 ethylene unit at Kashima

Three months after a fire forced a shutdown, Japan's biggest petrochemical maker- Mitsubishi Chemical Corp. has restarted operations at its' No. 2 ethylene unit at Kashima. The fire that occurred three months ago claimed four lives. Of the unit's eight furnaces, the No. 8 furnace ...

AMI'S conference to focus on the latest developments in wood plastics composites

The market for wood plastic composites is changing rapidly in Europe, enabled by a series of developments in production technology as well as improved marketing programmes and yet the European market is still only a fraction of the size of its potential. AMI's Wood Plastics ...

Analyst sees $75 oil possible in a few years

WASHINGTON--World oil prices could moderate to the $75/bbl range in coming years with increased consumption efficiencies, production innovations and reduced geopolitical tensions, a leading energy analyst said on Monday. Jim Burkhard, managing director for global oil at Cambridge ...

IOC's plans of petrochemical hub in Nayachar could be derailed

India's largest oil refiner- Indian Oil Corporations' plans to set up a Rs 15,000 crore petrochemical project at Nayachar, West Bengal, could get derailed due to land acquisition problems and environmental concerns. The project was shifted earlier to Nayachar after violence ...

Restart of Idemitsu's plant unlikely to be affected by fire

A fire that broke out two days ago is unlikely to affected the mid-May restart of Idemitsu Kosan's petrochemical unit. A fire broke out on Tuesday at the Chiba factory's benzene, toluene and xylene processing unit and took about 30 minutes to douse. Repairs on the unit, with 577...

Braskem to expand capacity of LDPE mad from Biofuels

Brazilian petrochemicals company Braskem SA has planned expansion of linear density polyethylene (LDPE) made from bio-butene. Bio-butene is made from plants. Braskem had announced plans to produce high-density polyethylene made from sugarcane-based ethanol in a pilot plant a few ...

Philippine Government considers financial adviser for sale of Petron stake

In a bid to arrive at a decision, the Philippine government is mulling the services of an independent financial adviser to undertake share valuation. The services are being sought to help it decide the best move with regard to the offer of Ashmore Group's SEA Refinery Holdings to ...

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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