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Gazprom to further cut gas deliveries to Ukraine

MOSCOW, March 4 (Xinhua) -- Russia's natural gas company Gazprom said Tuesday it will cut gas deliveries to Ukraine by another 25 percent, news agencies reported. The gas giant will slash gas delivery as of 8 p.m. Moscow time (1700 GMT) on Tuesday, due to a failure to settle debt...

Crude hits record high near $104

NEW YORK, March 3 (Xinhua) -- Crude-oil futures rallied to a record high near 104 dollars a barrel on Monday, boosted by weak U.S. dollar and continuing investment flows into commodities. Crude for April delivery surged 2.11 dollars to a new all-time high of 103.95 dollars a ...

Retailers in UK told to start charging for plastic bags to avoid government intervention

The British Prime Minister has warned retailers to start charging shoppers for the 13 billion plastic bags currently given away free each year. In the event of them failing to do so, the government will step in to force them. The government is serious about getting people to ...

Polystyrene bottle for milk and yoghurt

A bottle for milk and yoghurt beverages has been designed using impact resistant polystyrene (PS-I) which slashes material costs by 25% compared to PET, according to BASF. The chemical company joined forces with Alpla, a leading global plastic bottle manufacturer, on the design ...

China bans imports of plastic bag, film waste

Recycling industry "only given a few weeks' notice" of the ban. 3 March 2008 - China, the world s largest destination for plastic waste, is shutting its doors to shipments of flexible plastics waste. Starting 1 March, the country will ban imports of used plastic bags, film and ...

BP expects 2 bln more barrels of Prudhoe Bay crude

BEIJING, March 3 (Xinhuanet) -- BP says it can recover at least 2 billion more barrels of crude from Alaska's Prudhoe Bay oilfield, even after taking into account the underground oil reservoir has yielded more than 11 billion barrels, far more that thought possible when first ...

Premiere for environmentally friendly car-tuning paints

At the Paris Tuning Show, R-M, BASF Coatings paint brand, appeared with a splash of color and set a clear signal for environmental protection. At this leading international trade show, R-M proved that coatings used in car tuning can be colorful and spectacular, making them highly ...

As OPEC meeting approaches, oil prices hold above US$101

Ahead of a meeting to be held on Wednesday, where OPEC is expected to maintain current output levels at 29.67 mln bpd , oil prices have held afloat at US$101 per barrel in Asian trading. New York's main contract, light sweet crude for April delivery, hovered at US$101.84. London...

Oil prices steady near new record levels

A sharp decline in the US dollar following a weak report on US economic growth, has taken oil prices to a new high. New York's main contract, light sweet crude for delivery in April yo-yoed at US$102.60 per barrel. The fresh record prices coincide with the flow of investor money ...

BASF raises prices of carboxylic acids

Effective immediately, or as existing contracts permit, BASF is raising its prices for 2-ethylhexanoic acid (2-EHA) and propionic acid in Europe by Euro40 per metric ton. BASF is one of the world s leading companies with 2-EHA and produces the substance at its Verbund site in ...

BASF raises ethylhexylamine prices

With immediate effect, BASF is increasing sales prices for ethylhexylamine in Europe by + 50 EUR/to for 2-ethylhexylamine (CAS 104-75-6) + 50 EUR/to for di-2-ethylhexylamine (CAS 106-20-7) or by the equivalent amount in local currency, as applicable contractual terms and ...

Dow Increases Caustic Soda Prices in North America

Effective immediately, or as contract terms allow, The Dow Chemical Company ("Dow") is increasing its U.S. off schedule selling prices of both diaphragm (commercial) and membrane grades of caustic soda 50% solution (basis 76% Na2O) by $50/dry short ton (DST). All TVA's (Temporary ...

US domestic buyer confirms styrene deal at 63 cents/lb FOB USG

One domestic buyer confirmed doing a styrene monomer deal at 63 cents/lb FOB USG for February. Volume was two barges, location was on the Mississippi River. A barge holds three million pounds or about 1.4kt. Producer confirmation was unavailable by time of press. This morning, ...

Two state run groups in Vietnam invest US$125 mln in Polyester Production

Vietnam Textile and Garment Group (Vinatex) and the Vietnam National Oil and Gas Group (PetroVietnam) - two large state-run groups have jointly invested more than VND2 trillion (US$125 mln) for the development of polyester fibre facilities at the Hai Phong-based Dinh Vu ...

Sinopec buys 64 gas stations from private Tianfa Group

BEIJING, Feb. 15 (Xinhua) -- Sinopec, the country's largest oilrefiner, said on its website on Friday that its Hubei branch company in central China had signed an agreement to purchase 64 gas stations from the private-owned Hubei Tianfa Group. The total assets of these stations ...

Venezuela accuses U.S. oil company of "judicial terrorism"

CARACAS, Feb. 14 (Xinhua) -- The Venezuelan government Thursday accused the U.S. oil company Exxon Mobil of carrying out "judicial terrorism" against the sovereign interests of the South American nation, which has decided to nationalize its oil industry. Energy Minister Rafael ...

PetroChina to use Dow's Unipol PP process technology for new 300,000 tpa facility

PetroChina Petrochemical Company has selected Dow's Unipol polypropylene process technology for its new 300,000 tpa polypropylene facility. This will be the fourth PP plant in China over the past 24 months to use the Unipol process technology from Dow Technology Licensing. Aker ...

Solvay to Sell Engineered Polymers Business to Basell

Belgium based Solvay SA has signed a stock purchase agreement to sell its subsidiary Solvay Engineered Polymers Inc. (SEP) to Basell Holdings BV (The Netherlands). The transaction is expected to be completed in first half of 2008. Solvay Engineered Polymers Inc., is essentially ...

FDA approves use of oxygen scavenger technology in PET containers

The Food and Drug Administration (FDA) has approved expanded use of DiamondClear oxygen scavenging technology. Developed by Constar International, the proprietary material is blended into polyethylene terephthalate (PET) to give it exceptional glass-like clarity, gloss and ...

Malaysian polyester, PET producer Hualon renamed Recron

Malaysian PET and polyester producer Hualon Corp, which was acquired by India's Reliance Industries late last year, has been renamed Recron (Malaysia), company sources said Monday. The new corporate identity appeared to be in transition, as a recorded greeting on the company's ...

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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