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Ukraine's PM Tymoshenko calls gas deal with Russia a 'victory'

Ukraine's Prime Minister Yulia Tymoshenko Wednesday called the deal struck with Russia Tuesday over gas supplies to Ukraine a "victory," after the two sides agreed to remove intermediaries from the gas supply chain. "I think this is a great victory for the democratic team," ...

Indonesian Government plans to control naphtha exports to safeguard petrochemical industry

The Indonesian Government plans to tighten control over the country's naphtha exports as well as exports of condensate to protect the country's upstream petrochemical industry. Naphtha is used as feedstock for ethylene and propylene production, and condensate is used as feedstock ...

New simpler, cheaper and greener method to produce Titanium Dioxide

Researchers at the University of Leeds have developed a simpler, cheaper and greener method of extracting higher yields of Titanium Dioxide (TiO2). In powder form titanium dioxide is widely used as an intensely white pigment to brighten everyday products such as paint, paper, ...

Dow plans membrane-cell Chlor Alkali plant in Texas

Dow plans to build a new chlor alkali plant in Freeport, Texas using a membrane cell. The membrane-cell technology, replacing the diaphragm-cell production process, is expected to greatly decrease the production cost through efficient energy use. Shintech, a vinyl producer, will ...

Crude oil closes higher as U.S. inventories rise less than expected

NEW YORK, Feb. 13 (Xinhua) -- Crude-oil futures closed higher on Wednesday, as a government report showed U.S. crude inventories rose less than expected. U.S. crude inventories rose for a fifth week, up 1.1 million barrels to 301.1 million barrels in the week ending Feb. 8, the U...

PetroChina reports 665 mln yuan in non-oil sales in 2007

BEIJING, Feb. 8 (Xinhua) -- China's largest oil producer, PetroChina, has reported sales of 655 million yuan (91 million U.S. dollars) in non-oil business at its filling stations last year. The state-owned company did not report a profit figure, but said that it would "achieve an ...

U.S. oil giant gets official support over dispute with Venezuela

WASHINGTON, Feb. 13 (Xinhua) -- The U.S. government will support its oil giant ExxonMobil's bid to receive a fair compensation package for its assets in a dispute with Venezuela, the State Department said Wednesday. "We fully support the efforts of ExxonMobil to get a just and ...

Financial sources doubt BASF Albemarle bid

NEW YORK (ICIS news)--A bid from German chemical giant BASF for US-based specialty chemical producer Albemarle is "unlikely," said sources in the financial community on Wednesday. Germany-based business magazine Capital, citing German market sources and analysts, said BASF would ...

Latest developments in Polymers for manufacturing medical devices

Advances in the last century have radically transformed medical care. It was only in the 1920s that blood transfusion started to become commonplace when the Red Cross members volunteered donations. The medics had understood the science of circulation since William Harvey in 1628 ...

Dow Europe GmbH Announces Price Increases for Polyethylene Resins

Horgen, Switzerland - January 18, 2008 Raw material and energy costs related to the production of polyethylene have reached record levels, which do not allow for acceptable margins for Dow. At the same time, Dow continues to experience strong demand for polyethylene resins. Based ...

Evonik and Headwaters increase hydrogen peroxide capacity at Ulsan

Headwaters Inc. and Evonik Industries AG (formerly Degussa AG) have increased production capacity at its hydrogen peroxide facility operated by their joint venture in Ulsan, Korea. Using proprietary technology from Evonik, the JV has more than doubled capacity from the original ...

Venezuela's Chavez in Honduras to sign oil supply agreement

MANAGUA, Jan. 15 (Xinhua) -- Venezuela's president Hugo Chavez arrived Tuesday in Honduras for a visit to sign an agreement with the country to supply it with oil at preferential prices. Under the deal, Honduras would be able to buy oil from Venezuela with 60 percent of the price ...

Dow Corning to Expand Indiana Silicone Compounding Operations

16 Jan 2008 - Dow Corning Corp. announced it will invest approximately $5 million to expand its manufacturing operations in Kendallville, Ind. (USA). The investment, which is expected to create more than 20 jobs by 2010, will be used to build and equip a 5,000 square-foot ...

Headwaters Inc. joint venture brings additional production capacity for hydrogen peroxide plant in Korea

16 Jan 2008 - Headwaters Inc. and Evonik Industries AG have substantially increased production capacity for hydrogen peroxide at the facility operated by their joint venture in Ulsan, Korea. HeadwatersEvonik acquired this facility from the Finnish company Kemira Oyi, Helsinki, in ...

Qatar studies options to develop petrochemical projects using naphtha as feedstock

Qatar Petroleum Downstream Ventures is studying several options to develop world scale petrochemical projects using naphtha produced from condensate splitters under development at Ras Laffan Industrial City. The two types of naphtha is to be produced : light naphtha which could ...

Bayer MaterialScience supports Chinese government s objective of using more high-tech material in construction

Bayer MaterialScience has announced a new project that supports the Chinese government s objective of using more high-tech material in construction. Bayer will provide the materials for the polyurethane coating on Beijing s famous Bird s Nest - National Stadium. Bayer MaterialSci...

Polyone furthers prospects in Asia with acquisition of Ngai Hing PlastChem Co

Leading global provider of specialized polymer materials, services and solutions PolyOne Corporation, has completed the acquisition of the assets and operations of Ngai Hing PlastChem Company Ltd., the vinyl compounding subsidiary of Ngai Hing Hong Co. Ltd. This acquisition ...

Norwegian oil production down

STOCKHOLM, Jan. 15 (Xinhua) -- Norwegian oil production was somewhat lower in 2007 than the previous year, while gas production increased, according to reports reaching here from Oslo Tuesday. A total of 237.8 million cubic meters of marketable oil equivalents were produced in ...

GE finds niche amid conservation push

BEIJING, Jan. 15 -- For Jack Wen, the charismatic chairman of GE Energy China, this is the best of times for his line of business. Energy conservation has taken center stage as the nation tries to combat pollution and environmental damage. Rising oil prices, which recently ...

Crude prices fall on recession concerns

NEW YORK, Jan. 15 (Xinhua) -- Crude futures fell sharply Tuesday on concerns that the U.S. economy is slowing and that demand for energy is likely to fall. The Commerce Department said retail sales fell by 0.4 percent in December, much worse than the 0.1 percent analysts expected...

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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