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Linde to supply oxygen and nitrogen to Ningbo Wanhua Polyurethane in a long-term deal

The Linde Group has secured a long-term contract with Ningbo Wanhua Polyurethane, China's fastest growing polyurethane company to supply oxygen and nitrogen from 2010 onwards. Wanhua is the only domestic company that owns the technology and expertise for MDI (feedstock for the ...

Brazilian Petrobras breaks oil production record on Christmas Day

RIO DE JANEIRO, Dec. 26 (Xinhua) -- Brazilian state-owned oil and gas giant Petrobras announced Wednesday that it set a new daily oil production record on Dec. 25. The production of 2.238 million barrels of oil on Christmas day exceeded Brazil's average daily oil consumption of 2 ...

Thailand wants to buy gas from Indonesia

JAKARTA, Dec. 27 (Xinhua) -- Thailand wanted to buy gas from oil-and-gas field Natuna in Indonesia, Indonesian Minister of Mines and Energy Purnomo Yusgfiantoro said here Thursday. The minister said that both countries had signed an agreement on energy cooperation in Thailand ...

Oil prices close near $97

NEW YORK, Dec. 27 (Xinhua) -- Oil futures rose Thursday for a fourth day to close near 97 dollars a barrel after government reports showed U.S. crude inventories fell for a sixth week and as geopolitical tensions escalated after former Pakistani Prime Minister Benazir Bhutto was ...

OUTLOOK '08: US olefins face cost, supply woes

HOUSTON (ICIS news)--Conditions in the US olefins sector will change little in January, as the market will start 2008 with tight supplies and looming concerns over crude oil costs. US consultant Robert Bauman of Nexant expects the nation's market will remain tight in 2008 amid ...

BASF raises prices for ethyleneamines

Effective immediately, or as existing contracts allow, BASF is raising its prices for ethyleneamines globally as follows + 100 EUR/to for ethylenediamine (EDA) + 50 EUR/to for aminoethylethanolamine (AEEA) + 50 EUR/to for diethylenetriamine (DETA) + 50 EUR/to for piperazine + 50 ...

Fair Trade Commission fines 6 Korean companies for LDPE, LLDPE price fixing

The Fair Trade Commission has fined six Korean petrochemical companies more than W54 bln for fixing the price of synthetic resins over the last 11 years (US$1=W941). Earlier this year, in February, the anti-trust watchdog imposed W100 bln in fines on 10 petrochemical companies ...

GAIL plans to build strength in petrochemical sector

GAIL- India s largest transporter and marketer of gas, has its core strength in its presence across the value chain from exploration and production to transportation and marketing to petrochemicals. The company plans to build on these strengths. Petrochemicals, which contributes ...

Iran exports US$3.7 bln of petrochemicals since March 21, 2007

As per a statement, US$3.7 bln of petrochemicals were exported from Iran since March 21, 2007. Iran has sold US$5.5 bln worth of various petrochemical products since the start of the current Iranian calendar year amounting to nearly 16 mln tons of petrochemicals. Sales for the ...

Indonesia takes actions to deal with oil woes

JAKARTA, Dec. 14 (Xinhua) -- Indonesia is Southeast Asia's only OPEC member but falling oil production and surging imports make it vulnerable to global oil shocks as non-oil exporting countries. With imposing another hike in domestic fuel price very unlikely, President Susilo ...

Dow to shift focus to specialty chems

NEW YORK (ICIS news)--With the creation of its joint venture with Kuwait Petroleum Corp's PIC, Dow Chemical is essentially done with its "asset light" strategy and will now shift its focus to its specialty chemical business, Dow Chief Executive Andrew Liveris said on Thursday. ...

US Canatxx gets approval for UK Anglesey LNG terminal

US developer Canatxx has won approval from local planning authorities for a massive new UK LNG import terminal at Anglesey, an island off the north coast of Wales, the company said Thursday. The facility will have the capacity to land and regasify 3 Bcf/day (85 million cubic ...

Sinopec, PetroChina buy more oil from abroad to increase domestic supply

BEIJING, Dec. 8 (Xinhua) -- Sinopec, one of China's leading oil producers, announced it would import more refined oil from abroad while trying hard to increase production so as to ease shortage at home. The company plans to import 500,000 tons of diesel oil in January 2008. In ...

Crude prices rise above 90 dollars

NEW YORK, Dec. 6 (Xinhua) -- Crude prices rose above 90 dollars a barrel Thursday on the weak U.S. dollar and the Organization of Petroleum Exporting Countries' output rollover. The dollar fell against the euro Thursday after a three-day rally that contributed to recent crude ...

BASF raises prices for PU catalysts

Effective immediately or as existing contracts allow, BASF is raising the prices for its Lupragen -branded Polyurethane (PU) catalysts in Europe. Lupragen N100 (Dimethylcyclohexylamine) / + 0.10 Euro/kg Lupragen N101 (Dimethylethanolamine) / + 0.10 Euro/kg Lupragen N105 (n...

Dow Announces Price Increases for CARBOWAX and CARBOWAX SENTRY PEGs and Other Polyglycols Effective January 1, 2008

Midland, MI - December 03, 2007 The Dow Chemical Company announced today that its Polyglycols and Surfactants business will increase the North American off-list prices of certain CARBOWAX and CARBOWAX SENTRY Polyethylene Glycols (PEGs) and other polyglycol products effective ...

Dow Announces Price Increases for Surfactants Effective January 1, 2008

Midland, MI - December 03, 2007 The Dow Chemical Company announced today that its Polyglycols and Surfactants business will increase the North American off-list prices of select TERGITOL and TRITON Surfactants, effective January 1, 2008, or as contracts allow. Prices will ...

Dow Raises Epoxy Prices in Latin America

Sao Paulo, Brazil - December 01, 2007 Dow Epoxy, a global business unit of The Dow Chemical Company ("Dow") and its affiliates, today announced a price increase in Latin America for various epoxy resins and curing agents. Effective January 1, 2008, or as contract terms allow, ...

Brazilian PP capacity to increase by 4,90,000 tons in 2008

Two projects will increase current Polypropylene (PP) capacity in Brazil of 1,415,000 tpa by 490,000 tpa by 2008. Two capacity expansions at Suzano Petroqu mica and a new project by Braskem will be implemented, altering the supply-demand balance of PP in Brazil, increasing the ...

GE to supply to ethylene cracker plant in Al-Jubail

GE Oil and Gas is to supply three compression trains for a new, large-scale ethylene cracker plant in Al-Jubail, Saudi Arabia, which will have a capacity of 1.165 mln tpa. The compressor trains for the Saudi Chevron Phillips project, are being manufactured by GE oil and gas at ...

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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