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PetroChina choses Basell's Hostalen technology for two new HDPE plants

PetroChina Company Ltd., China's largest oil and petrochemical company has shortlisted Basell's Hostalen technology for two new high density polyethylene plants coming up in China. The two plants, start up of which is expected to be in 2011, include a 300,000 tpa plant in Chengdu...

Solutia raises price of polyamide 66 resin and Ascend polymer

With effect from December 15, Solutia Inc. has announced a price increase of Vydyne polyamide 66 resin and Ascend polymer in North America by 10 cents per pound. Strong global demand and sustained increases in energy and raw material costs have rendered this price hike inevitable...

U.S. crude oil rises over $4 on inventories

NEW YORK, Dec. 12 (Xinhua) -- U.S. crude-oil futures climbed more than 4 U.S. dollars Wednesday to close above 94 dollars a barrel after data showed U.S. crude inventories dropped for a fourth straight week and five world's top central banks said they were ready to inject cash ...

Gasoline price sets fresh record high in Japan

TOKYO, Dec. 12 (Xinhua) -- The average retail price of regular gasoline in Japan increased by 0.60 yen per liter from a week earlier as of Monday, reaching a new record high of 155.50 yen (about 1.40 U.S. dollars) per liter for the second consecutive week, local media reported on ...

Indonesia expects 179 million tons of coal exports in 2008

JAKARTA, Dec. 12 (Xinhua) -- Indonesia, the world's second largest coal exporter, will export about 179 million tons or 75 percent of total coal production next year to fill the surging demand from especially China and India. The country's total production has been forecast to ...

Dow Chemical Increases Prices for Paper Latex Technologies in North America

Midland, MI - December 11, 2007 Effective December 15, 2007, as contracts permit, the Dow Paper Latex business is increasing the prices of all vinyl acrylics products sold into the pulp and paper industry by US$0.10/lb (dry) in the United States and Canada. We are implementing ...

Dow Epoxy Raises Prices for Allyl Chloride and Epichlorohydrin in Europe

Horgen, Switzerland - December 11, 2007 Dow Epoxy, a business unit of The Dow Chemical Company ("Dow"), is announcing price increases for DOW Allyl Chloride of 20 Euro/MT and for DOW Epichlorohydrin of 50 Euro/MT. The increases are effective January 1, 2008, or as contract terms ...

Gas spot prices on target for winter peak of $8.22/Mcf: US EIA

High US natural gas storage inventories going into winter continue to insulate gas customers from the potential impact of high-priced crude oil, according to the Energy Information Administration, which on Tuesday revised its projected fourth-quarter Henry Hub spot price to $7.34...

India to see an investment of Rs 36,000 crore in next five years for petrochem capacity expansion

Reliance Industries and state-run oil companies plan to invest over Rs 36,000 crore in next five years to expand petrochemical capacity in the country. IOC plans to invest Rs 16,000 crore at Panipat for a proposed ethylene capacity of 0.8 mln tons, while Reliance Industries would ...

China to offer support policies for non-food biofuels

BEIJING, Dec. 7 (Xinhua) -- China's Ministry of Finance (MOF) has drawn up policies to promote the production of non-food sources for biofuels, a senior MOF official told a Beijing energy conference. The ministry will use subsidies and other forms of financial support to reduce ...

Russia, Ukraine sign contract on prices of 2008 gas supplies

MOSCOW, Dec. 5 (Xinhua) -- Russia's gas giant Gazprom signed a contract on Wednesday with Ukraine on natural gas supplies for 2008, raising the price by about 50 U.S. dollars per 1,000 cubic meters, Russian news agencies reported. "Contracts for gas supplies to Ukraine in 2008 ...

ArcelorMittal wins EU approval to buy German natural gas supplier

BRUSSELS, Nov. 22 (Xinhua) -- The world's largest steel producer ArcelorMittal on Thursday won approval from the European Union (EU) to buy German natural gas supplier Saar Ferngas. The European Commission, the EU's antitrust watchdog, said the proposed transaction would not ...

Official: Malaysia's resilient economy to withstand impact of high oil prices

KUALA LUMPUR, Nov. 22 (Xinhua) -- Malaysia's resilient economy will enable the country to withstand challenges arising from the current soaring global crude oil prices, Second Finance Minister Nor Mohamed Yakcop said in Putrajaya, the administrative center of Malaysia on Thursday...

Oil hits record above $99 as dollar sinks

BEIJING, Nov. 22 -- Oil soared to record highs on Wednesday, drawing within a hair's breadth of the 100 U.S. dollars milestone as the U.S. dollar plumbed new lows and the onset of cold U.S. weather stirred anxiety over winter supplies. U.S. light crude for January delivery surged ...

Rhodia targets 15% price increases as costs soar

LONDON (ICIS news)--Rhodia will aim to secure worldwide product price increases of between 7% and 15% to help defend profit margins hit by rising costs, the Paris-based specialty chemicals group said on Thursday. The company was targeting higher prices as it and its European ...

December naphtha exports from India to dip below 1 mln tons

December naphtha exports from India will dip to levels below 1 mln tons due to a reduction by Indian Oil Corp (IOC). IOC plans a 30% reduction in naphtha exports in December from its usual monthly volume of 180,000 tons, as it plans to divert the fuel for domestic demand. This ...

Price trends of oil, polymer feedstock & commodity polymers in Asia for the week of November 19, 2007

CRUDE OIL Crude oil prices dipped to mid US$95 levels this week from last week's US$96.32. An unexpected rise in US weekly stockpiles amid speculation of reduced demand has triggered a crude oil price dip to US$95.1 a barrel for December delivery on the New York Mercantile ...

INVISTA to commence nylon 6,6 intermediates and polymer production in Shanghai

INVISTA Intermediates' Land Reservation Agreement with the Shanghai Chemical Industry Park Development Company will result in construction of a production plant at the Shanghai Chemical Industrial Park to meet the region's demand for nylon 6,6 intermediates and polymer. ...

IEA expert calls on OPEC to increase output

VIENNA, Nov. 21 (Xinhua) -- Faith Birol, chief economist of the Paris-based International Energy Agency (IEA), called on here Wednesday the Organization of the Petroleum Exporting Countries (OPEC) to increase its output in order to meet the demand for the oil and restrain the ...

Crude prices retreat on inventory report

NEW YORK, Nov. 21 (Xinhua) -- Crude prices retreated Wednesday on the latest U.S. inventory report. The U.S. Energy Information Administration (EIA) reported that crude inventories fell by 1.1 million barrels last week. The EIA also said refinery activity fell last week, ...

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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