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Dow Announces Propylene Glycol Price Increase in Europe, India, the Middle East and Africa

Horgen, Switzerland - January 03, 2008 Dow Europe GmbH ("Dow") announced today that, effective 15th January 2008, or as contract terms allow, it will raise its Propylene Glycol prices in Europe by 100 Euro/MT and in India, Middle East and Africa (IMEA) by 150 $/MT for the ...

TPE world demand to hit 3.7m tonnes

2 January 2008 - Global demand for thermoplastic elastomers (TPEs) is forecast to increase 6.3% per year through 2011 to 3.7 million metric tonnes. This is according to the World Thermoplastic Elastomers study from Cleveland-based research firm The Freedonia Group. It forecasts ...

DSM invests in 'green' polymers from CO2

03 Jan 2008 - DSM Venturing, the corporate venturing unit of Royal DSM N.V., announced that it has made an investment in Novomer Inc. The companies also plan to sign a cooperation agreement. Financial details of the investment will not be disclosed. Novomer is developing a ...

Cereplast to expand Bio-Plastic production with new facility at Indiana

Cereplast, Inc.'s new half a billion pounds a year facility is to be located at Indiana, when the site is fully developed by early 2010. Operations will start at the site in January of 2008. Within weeks, a logistics processing center will begin operations, allowing the company ...

Bayer MaterialScience hives off part of unsaturated polyester resins business to Veneziani

Bayer MaterialScience has sold a part of its unsaturated polyester resins business-grouped together under the name Roskydal , to the Italian company Veneziani S.p.A., thus divesting some selected product grades that no longer fit in with its overall long-term portfolio. Financial ...

ENGC and QAPCO sign contract for ethylene transportation in Qatar

Qatar Petrochemical Co. (QAPCO) has signed a contract of Affreightment (COA) with the gas shipping company "Eitzen Norgas Gas Carriers (ENGC). As per the COA contract, ENGC will ship QAPCO's Ethylene expansion Plant's (EP2) products of Ethylene, and ENGC to meet QAPCO's full ...

White House: Bush wants to increase domestic oil supply

WASHINGTON, Jan. 2 (Xinhua) -- U.S. President George W. Bush wants to increase oil supply in the United States in the face of rising world demand and soaring prices, the White House said on Wednesday. "What the president will do this year is continue to push Congress to work ...

Bush not to tap oil reserves to drive down prices

WASHINGTON, Jan. 2 (Xinhua) -- U.S. President George W. Bush will not tap oil reserves to drive down soaring prices, the White House said Wednesday. "This president would not use the Strategic Petroleum Reserve to manipulate prices unless there was a true emergency," said White ...

Crude futures hit 100 USD for first time

NEW YORK, Jan. 2 (Xinhua) -- Crude oil futures set a record close Wednesday, the first trading day of year 2008, after briefly hit 100 U.S. dollars a barrel on concerns of tight supply and weak U.S. dollar. Light, sweet crude for February delivery rose 3.64 dollars to settle at ...

China imports less, exports more oil products on price hikes worldwide

BEIJING, Jan. 6 (Xinhua) -- China imported 29.02 million tons of oil products in the first 10 months of 2007, a decline of 8.9 percent from the same period of the previous year. The imports were valued at 13.15 billion U.S. dollars, down 3.2 percent, customs sources said. However...

Iranian envoy: Pakistan, Iran to finalize gas pipeline project by Jan. 25

ISLAMABAD, Jan. 6 (Xinhua) -- Iranian ambassador to Islamabad Mash Allah Shakeri has said that Pakistan and Iran are set to finalize an agreement on the multi-billion-dollar gas pipeline project by Jan. 25 this year, according to a report by the private NNI news agency Sunday. ...

Sinopec posts net profit of 70 bln yuan in 2007

BEIJING, Jan. 3 (Xinhua) -- China Petrochemical Corporation (Sinopec Corp.), a leading oil refiner, posted a net profit of 70 billion yuan (9.63 billion U.S. dollars) in 2007, Cai Xiyou, a senior executive of Sinopec Corp., told Xinhua on Thursday. Sinopec made a net profit of 50...

Eastman Chemical Company to Exhibit at National Biodiesel Conference and Expo 2008

Kingsport, Tenn. (January 03, 2008) Eastman Chemical Company will feature its Eastman BioExtend 30 antioxidant at the 2008 National Biodiesel Conference and Expo at Booth 119-218, February 3-6, in Orlando, Florida. Since BioExtend 's successful launch at last year s National ...

U.S. retail heating oil price hits record high

WASHINGTON, Jan. 3 (Xinhua) -- The U.S. residential heating oil price gained 4.0 cents last week to a record 3.34 U.S. dollars per gallon, the U.S. government said on Thursday. The national heating oil price was up 90.7 cents from this time last year, the U.S. Energy Information ...

U.S. gov't says oil prices to drop throughout most of 2008

WASHINGTON, Jan. 3 (Xinhua) -- The U.S. government expected on Thursday that average monthly crude oil prices will drop throughout most of 2008 due to supply increase and slowdown in economic growth. "While oil markets are expected to remain tight and the averageprice of crude ...

Energy futures top 100 dollars for first time

NEW YORK, Jan. 3 (Xinhua) -- Crude futures rose above 100 dollars a barrel Thursday after the U.S. government reported a larger-than-expected decline in crude oil inventories. As of 11:48 a.m. EST, light, sweet crude for February delivery rose 43 cents to 100.05 dollars a barrel ...

Malaysian gov't to sustain oil prices as long as possible

KUALA LUMPUR, Jan. 3 (Xinhua) -- Malaysian Prime Minister Abdullah Ahmad Badawi has said that the Malaysian government would keep oil prices unchanged as long as it can sustain them, local press reported on Thursday. Badawi said that the government was closely watching the ...

Air Products Completes Sale of High Purity Process Chemicals to KMG Chemicals

08 Jan 2008 - Air Products said it has completed the previously announced sale of its high purity process chemicals (HPPC) business for approximately $75 million to KMG Chemicals, a producer and distributor of mature specialty chemicals for carefully focused global markets. The ...

Brazilian oil company says new reserves economically viable

RIO DE JANEIRO, Jan. 2 (Xinhua) -- Brazil's state-owned oil company Petrobras said Wednesday its newly discovered oil reserves located in deep waters off the nation's southeastern coast are economically viable even if oil prices fall below 35 U.S. dollars per barrel. An executive ...

PKN Orlen to shut down propylene and ethylene unit for repair

Poland's largest oil company, PKN Orlen plans to shut the propylene and ethylene installation at its main Plock refinery for repairs this year. The units will be shut for one month, in either the second quarter or third quarter of this year. Financial implications of this ...

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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