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INEOS NOVA announces Polystyrene price increase for the UK market

26 Nov 2007 - INEOS NOVA announceda price increase of 55 EUR/Mt for Polystyrene for the UK market. "The exchange rate of the GBP versus the Euro has significantly changed over the last 2 months, and thus this move is intended to recover resulting margin loss in December," ...

China, Russia to build 10-mln-ton oil refinery in Tianjin

TIANJIN, Nov. 24 (Xinhua) -- China and Russia have agreed to locate a planned oil refinery capable of processing 10 million tons a year in the northern port city of Tianjin. China's top oil firm, China National Petroleum Cooperation (CNPC), and Russia's Rosneft, have set up a ...

Ecuador cancels oil exploitation in Amazon

QUITO, Nov. 23 (Xinhua) -- Ecuador on Friday cancelled the exploitation of its most important oil field to preserve the flora and fauna in the Amazon rain forest region. Ecuador's Vice President Lenin Moreno said the measure implies that some one billion barrels of crude oil will ...

China calls for early warning system to stabilize oil supplies

BEIJING, Nov. 24 (Xinhua) -- Chinese Ministry of Commerce (MOC)on Saturday urged local commerce bureaus to set up and improve early warning system amid efforts to stabilize domestic oil supplies. Many filling stations across the country are experiencing shortages. Experts have ...

Europe MEG sellers fear slack December demand

LONDON (ICIS news)--Spot European monoethylene glycol (MEG) sellers said on Friday they hoped to lift prices in December providing the contract price rose but accepted better supply and slow demand may make this unworkable. "Sellers might try to push spot levels up but there ...

Crude prices rise due to tight heating oil stocks

NEW YORK, Nov. 23 (Xinhua) -- Crude prices rose Friday on concerns about tight heating oil stocks. Light, sweet crude for January delivery rose 89 U.S. cents to settle at 98.18 dollars a barrel on the New York Mercantile Exchange. In London, January Brent crude rose 1.26 dollars ...

Two million tons of propionic acid made by BASF

Two million tons of propionic acid have been produced at BASF s Ludwigshafen Verbund site over the past 55 years. The versatile acid is a classic product in the company s globally unparalleled portfolio of about 600 intermediates. In view of the high demand for the multifaceted ...

Brazil's naphtha based crackers to shutdown for scheduled maintenance in 2008

Three of Brazil's naphtha based crackers plan to shutdown for scheduled maintenance in 2008 for maintenance and capacity expansion. The only producer that does not have a scheduled shutdown is Rio Pol meros, with gas based production. Copesul, with a capacity of 685,000 tpa of ...

Russia plans strategic program for chemical, petrochemical sectors

The Russian government has approved of a strategy for the development of the chemical and petrochemical industries up to 2015. The government has approved the basic provision of the strategy, and the document should be officially endorsed before 2008. The Industry and Energy ...

BASF increases capacity for higher oxo alcohols and plasticizers in Ludwigshafen

BASF is to raise production capacity in Ludwigshafen for higher oxo alcohols by 80,000 metric tons to a total of 390,000 metric tons per year. The additional capacity is earmarked mainly for the manufacture of plasticizers, whose production capacity BASF also plans to raise by 40...

Slumping oil prices, possible rate cut push Canadian dollar further down

OTTAWA, Nov. 27 (Xinhua) -- Slumping oil prices and hints of coming interest-rate cuts pushed Canadian dollar further down Tuesday. The currency closed at 100.50 U.S. cents, down 0.37 of a cent. The U.S. dollar stood at 99.50 Canadian cents, up 0.36 of a cent. The Canadian dollar ...

Argentina modifies 2007 budget to boost gas, energy spending

Argentina's government has modified the 2007 federal budget to help finance energy infrastructure projects and to cover the cost of importing natural gas from Bolivia, according to a resolution issued Friday. Cabinet chief Alberto Fernandez, who has the power to make changes in ...

Celanese announces emulsion polymers price increase

Dallas, TX -- Business Wire has repored that "Celanese, a global leader in polymer emulsions, has announced that it will increase the price of all PVAc homopolymer, VAE co-polymer, acrylic and vinyl-acrylic emulsions sold in North America by $0.05/wet pound. This increase applies ...

Iran's National Petrochemical Company buys PE plant in the Philippines

Iran's National Petrochemical Company is reported to have acquired a HDPE and LDPE polyethylene unit in the Philippines, with an annual production capacity of 220,000 tons. The unit, valued at over Euro300 mln, will export its products to Europe.

The Linde Group sells Pharmaceutical Systems business of BOC Edwards to Italian company IMA

27 Nov 2007 - The Linde Groupannounced that it has sold the BOC Edwards Pharmaceutical Systems business to the Italian company IMA (Industria Macchine Automatiche) at an enterprise value of EUR 36 million. The contract was signed and will come into effect on the fulfilment of the ...

Dow Epoxy Increases Prices for its Epoxy Resins in Europe and IMEA

Horgen, Switzerland - November 23, 2007 Dow Epoxy, a global business unit of The Dow Chemical Company and its affiliates ( Dow ), today announced price increases for its Epoxy Resins in Europe and India, Middle East and Africa. Effective December 1, or as contract terms allow, ...

Crude prices retreat as OPEC to raise output

NEW YORK, Nov. 26 (Xinhua) -- Crude prices retreated Monday as investors believed the Organization of Petroleum Exporting Countries (OPEC) would raise crude production. CNBC reported Monday that Saudi Arabia has already boosted its oil output. Analysts said confirmed reports last ...

Indonesia's Pertamina to build $20 mln refinery

JAKARTA, Nov. 26 (Xinhua) -- Indonesia's state oil firm PT Pertamina will team up with a local company, Wahana Universal, to build an oil refinery in East Java at a cost of 20 million U.S. dollars, local press said Monday. The two companies had signed an agreement to build the ...

Foreign firms to build oil refinery in central Vietnam

HANOI, Nov. 28 (Xinhua) -- Vietnam's central Phu Yen province has licensed UK's Techno Star Management and Russia's Telloil to build an oil refinery with annual capacity of 4 million tons of petroleum products, local newspaper Saigon Liberation reported Wednesday. Under an ...

Economist: high oil prices may cut Asian growth

KUALA LUMPUR, Nov. 28 (Xinhua) -- The persistently high global oil prices may cut economic growth in Asia by up to 1 percent, Asian Development Bank assistant chief economist Frank Harrigan has said. Price hikes from 68 U.S. dollars per barrel to 85 U.S. dollars per barrel can ...

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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