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Petron mulls US$1.5 bln investment in new petrochem facility

As the entry of a new shareholder seems imminent, Petron Corp. plans to invest US$1.5 bln in a new facility. This investment will be allocated for production of high-value products and petrochemical feed stocks, mainly through the second phase of its Petro Fluidized Catalytic ...

The Dow Chemical Company Announces Price Increases for Acrylic Emulsion Products

The Dow Chemical Company is increasing the list and off-list prices of its acrylic emulsion products. Effective April 1, 2008, for all North American customers, Dow will increase the price by US$0.04 / wet pound for all UCAR(TM) acrylic, UCAR styrene acrylic, and NEOCAR(TM) ...

South Korea's Lotte Daesan plans 54% ethylene capacity expansion

Lotte Daesan Petrochemical Corp. plans to expand ethylene capacity by 54%. The company will shut its' 650,000 tpa ethylene plant next month for maintenance as well as capacity expansion. Capacity will increase to 1 mln tpa after an approximate 40 day shutdown starting in April.

Oil sinks in commodities sell-off

Oil dropped sharply from a record high on Monday as a part of wider commodity sell-off sparked by growing concern over the health of the world's largest economy, the United States. U.S. crude was trading at $106.90 by 12:06 p.m EDT, down $3.31. Earlier on Monday, it hit a new ...

Gwalia Packaging Group announces Euro1.3m expansion

Plastics packaging group brings good news for jobs in South Wales. 17 March 2008 - South Wales Gwalia Packaging Group has announced a 1.5m plan to expand and develop its manufacturing facility in Pontypridd. The news follows on from Dragon Plastics purchase of Riverside Packaging ...

Oil prices spike to all time high as dollar and stock market plunge

Oil prices have spiked to an all time high- spiking past US$111 per barrel in Asia. Light, sweet crude for April delivery rose to a record US$111.42 a barrel, but later slipped to US$111.10. This hike continues to be prompted increasing investments in commodities as the US dollar ...

Shaw Stone & Webster maximizes value for refineries

SHAW STONE & Webster took a strategic decision 15 years ago to focus on getting more value out of the refinery stream. The US-based engineering and construction company felt there was value for refiners in the bottom of the barrel that could open up access to the olefin and ...

Crude suffers biggest daily loss in 17 years

Crude oil shed 4.53 dollars a barrel on Monday, the biggest daily loss in more than 17 years, after hitting a record high of 111.80 dollars a barrel, falling back on fresh concerns about the credit crisis and the U.S. economy. Crude oil for April delivery tumbled 6.98 dollars to ...

South Australia plans HDPE bag ban

Ban is an over-reaction to litter problem says plastics chief. 17 March 2008 - At least one Australian state is determined to ban the use of high density polyethylene bags in shops and supermarkets by the end of the year. South Australian Premier Mike Rann said his government in ...

India's national petrochemicals policy likely to get approval before June 08

A Group of Ministers is likely to approve the national petrochemicals policy before May-end. The last meeting of Group of Ministers is expected to be held within three months, wherein a final decision will be taken on the policy. The policy is expected to bring in investment of ...

Price trends of oil, polymer feedstock and commodity polymers in Asia for the week of March 3, 2008

SUMMARY Crude oil prices rose to record prices as the US dollar dropped to an all-time low against the euro, prompting some traders to invest in commodities as a hedge against inflation. Naphtha prices moved in line with rising crude values. Ethylene prices plummeted as supply ...

BASF increases prices for hydrosulfites

Ludwigshafen, Germany February 28, 2008 Effective March 1, 2008 BASF will be increasing sales prices for its hydrosulfites worldwide by at least Euro120 per metric ton or equivalents in local currencies as contracts allow. The price adjustment is necessary due to rising prices ...

Work on US$93 mln propylene unit commences in Japan

Construction work has been initiated at a Yen 19 bln (US$93 mln) high-efficiency propylene unit in Ichihara, Chiba prefecture, Japan. The unit is a joint venture between Japanese refining company Idemitsu Kosan and chemical makers Mitsui Chemicals and Sumitomo Chemical. The unit ...

Traditional chemicals and plastics businesses under review at Dow

With plans to shift focus to higher-growth operations, Dow Chemical Co. is reviewing several of its traditional chemicals and plastics businesses. Dow is shifting several of its businesses into a new business group - Dow Portfolio Optimization, where they will be evaluated as ...

Ineos Polyolefins to invest in expansion of PP and PE

Ineos Polyolefins is considering investing in random co-polymer technology on its liquid pool polypropylene (PP) unit at Grangemouth, Scotland. By linking ethylene supply from its crackers to the PP unit, random co-polymer grades with a wide range of melt flow rates will be ...

New polycarbonate sheet that complies with hurricane standards

Ultra weatherable, high impact polycarbonate sheet, meeting USA's toughest building standard for hurricane zones, has been launched by Spartech. It's Sungard Ultra Weatherable Polycarbonate sheet has received a notice of acceptance (NOA) from the Miami-Dade County Florida ...

Raw coal production posts marginal growth in Jan.

BEIJING, Feb. 27 (Xinhua) -- China produced an estimated total of 177.63 million tons of raw coal in January, a growth of 5.52 million tons or 3.2 percent over the same month of last year, sources with the State Administration of Coal Mine Safety said on Wednesday. Of the total, ...

U.S. crude oil inventories rise for 7th straight week

WASHINGTON, Feb. 27 (Xinhua) -- U.S. commercial crude oil inventories rose for the 7th consecutive week while gasoline stockpiles also increased last week, the Energy Department reported Wednesday. In the week ended Feb. 22, the nation's commercial crude oil inventories were up 3...

Crude futures prices retreat after setting new high

NEW YORK, Feb. 27 (Xinhua) -- Crude futures prices retreated Wednesday after rising above 102 U.S. dollars a barrel. The Energy Department's Energy Information Administration reported that U.S. crude oil inventories rose by 3.2 million barrels, or 1 percent, to 308.5 million ...

Shaw Group awarded contract work for deep catalytic cracking unit in India

The Shaw Group Inc. has awarded a contract by Guru Gobind Singh Refineries Ltd. to provide technology, engineering and procurement services for a deep catalytic cracking unit at the grassroots Punjab Refinery project in Punjab, India, for an undisclosed amount. The catalytic ...

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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