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KPC explores large-scale refinery and petrochemicals projects with Indian majors

Talks are on between Kuwait Petroleum Corp.(KPC) and Indian majors - Reliance Industries Ltd. and Indian Oil Corp. Ltd., to build large-scale refinery and petrochemicals projects in India. KPC is not looking to buy stakes in existing refineries and is mulling greenfield or joint ...

Yearender: Crude oil to remain in high-price territory

NEW YORK, Dec. 9 (Xinhua) -- Although crude oil prices have temporarily given up conquering the 100-dollar threshold some 20 days before the year is drawing to a close, analysts here believe oil prices will finally cross the 100-dollar mark before hovering around the 90-dollar ...

U.S. crude-oil futures end lower ahead of Fed's decision

NEW YORK, Dec. 10 (Xinhua) -- U.S. crude-oil futures retreated Monday as traders awaited the Federal Reserve's decision on interest rates due Tuesday. Crude oil for January delivery fell 42 cents to end at 87.86 U.S. dollars a barrel on the New York Mercantile Exchange. Earlier ...

Dow Announces Propylene Glycol and Propylene Oxide Price Increases in North America

Midland, MI - December 03, 2007 The Dow Chemical Company ("Dow") announced today that, effective January 1, 2008, or as contracts allow, it will increase off-list selling prices in North America (United States & Canada) by US$0.04 per pound for the following products: Propylene ...

Eastman Increases ACETYLS Prices on January 1

KINGSPORT, Tenn., Dec. 7, 2007 - Eastman Chemical Company is increasing prices on the following products effective Jan. 1. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. EASTMAN Glacial Acetic Acid, All Grades: List and off...

Eastman Increases EASTMAN Triethyl Phosphate Prices on January 1

KINGSPORT, Tenn., Dec. 4, 2007 - Eastman Chemical Company is increasing prices on the following products effective Jan. 1. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. EASTMAN Triethyl Phosphate: List and off-list price ...

PolyOne opens design center in France

Cleveland, OH -- PolyOne Corp. Thursday announced the opening of a specialized color design center in Cergy, outside of Paris, France. This is the second design center that PolyOne has opened in Europe this year. The Cergy design center specializes in serving the European ...

Brazil's Petrobras claims new natural gas reserve

RIO DE JANEIRO, Dec. 7 (Xinhua) -- Brazil's state-owned oil and gas giant Petrobras on Friday claimed the discovery of an offshore natural gas reserve in the southeastern state of Espirito Santo. The company said a well in the reserve, 3,378 meters deep in the Camarupim field and ...

Crude prices retreat on concerns of U.S. economy

NEW YORK, Dec. 7 (Xinhua) -- Crude prices retreated Friday on concerns that slower U.S. economic growth could dampen crude oil demand. The Labor Department's report showed that employers added 94,000 jobs to their payrolls in November, lower than analysts expected, following ...

Methanex inks MOU for 200,000 mt/yr dimethyl ether plant in Egypt

Methanex has signed a Memorandum of Understanding for the development of a dimethyl ether plant in Egypt, the company announced Tuesday. The new plant is to have a 200,000 mt/year capacity and consume about 300,000 mt/year of methanol. The Egyptian DME joint venture will include ...

Price trends of oil, polymer feedstock & commodity polymers in Asia for the week of December 10, 2007

p>SUMMARY Crude oil prices slipped marginally on reports that fuel inventories are sufficient to meet the demand form the Northern Hemisphere this winter. Naphtha prices have seen a marginal uptrend. VCM prices rose amid a hike in sellers' offers, and EDC stagnated on waning ...

Arkema targets price hike for functional polyolefins

With effect from 1 January 2008, Arkema is targeting a EUR 130/ton price increase across Europe for its entire range of functional polyolefins. The hike applies to the "Orevac", (grafted polyolefins), "Lotryl" (ethylene acrylates, copolymers) and "Lotader" (ethylene acrylates, ...

Octal Petrochemicals forays into Asian market to target major growth in packaging demand

With dispatch of its first shipments to India and China, Oman based Octal Petrochemicals has forayed into the Asian market; targeting the quantum growth in plastic packaging demand in Asia. Octal opened a sales office in Shanghai in July and claims to be the first company ...

Dow to Raise Prices of Oxygenated Solvents Products

Midland, MI - December 11, 2007 The Dow Chemical Company has announced today that it will raise both list and off-list prices on a number of its Oxygenated Solvents products in North America effective January 1, 2008, or as contracts allow. The need for this increase is primarily ...

Dow Europe GmbH Announces Price Increases for Polyethylene Resins

Horgen, Switzerland - December 07, 2007 Raw material and energy costs related to the production of polyethylene have reached record levels, which do not allow acceptable margins for Dow. At the same time, Dow continues to experience strong demand for polyethylene resins. Based on ...

Dow Europe GmbH Announces Price Increases for AFFINITY Polyolefin Plastomers and VERSIFY Plastomers and Elastomers

Horgen, Switzerland - December 07, 2007 Raw material and energy costs related to the production of polyolefins have reached record levels, which do not allow acceptable margins for Dow. At the same time, Dow continues to experience strong demand for polyolefin resins. Based on ...

EU to reimpose PET duties against India

10 December 2007 - The European Commission has requested the reimposition of anti-dumping duties on exports into the European Union (EU) of polyethylene terephthalate (PET) film manufactured within India. EU ministers are expected to formally approve the plan, which would see ...

Hexion to raise prices for phenolic resins and moulding compounds

Columbus, OH -- Hexion Specialty Chemicals has announced that it will increase the global prices of its Phenolic Resins and Moulding Compounds effective January 1, 2008, or as contract terms allow. Price increases include: Solid Resins, 110 euros/MT; Liquid Resins (distilled), 90 ...

Naphtha exports from Essar Oil to decline

Naphtha exports from India s Essar Oil are to decline by end of December. This will happen when a new fluidised catalytic cracker unit at Essar s Vadinar refinery is on stream and the plant is operating at full capacity. Naphtha will be replaced with petrol and diesel, once the ...

Eastman TRITAN Copolyester Provides Delivers a New Level of Product Performance for Appliance Market

Kingsport, Tenn. (December 12, 2007) Brand owners, product designers and molders in the appliance market can now obtain greater design flexibility and product performance for molded plastic parts by using Eastman Tritan copolyester, a new-generation copolyester from Eastman ...

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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