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India to take measures against rising oil prices

NEW DELHI, Nov. 7 (Xinhua) -- India is likely to take measure to deal with spiraling global oil prices next week, Indian Petroleum Minister Murli Deora said here Wednesday. "I cannot say 100 percent, but we will try to resolve it next week," Deora told reporters on the sidelines ...

Kurdistan region signs seven oil contracts

BAGHDAD, Nov. 7 (Xinhua) -- The Kurdish Regional Government (KRG) announced Wednesday that it has signed seven new petroleum contracts, in a defiant move against the Iraqi central government, said a statement from the regional government office. Following the unanimous decision ...

Crude oil closes at record high $96.70

NEW YORK, Nov. 6 (Xinhua) -- Crude oil futures closed up 2.72 U.S. dollars at a new record closing high of 96.70 dollars a barrel on the New York Mercantile Exchange on Tuesday. According to forecasts, U.S. crude inventories will fall for a third week. The dollar touched a new ...

US energy security official warns of $160 oil

WASHINGTON (ICIS news)--A leading US national security specialist urged Congress on Wednesday to increase domestic oil production along with alternative energy plans to avoid severe economic consequences from a potential spike in oil prices to $160/bbl. Dennis Blair, former US ...

DSM to increase engineering plastics compounding capacity in China by 50%

07 Nov 2007 - Royal DSM N.V. announced that it will expand its engineering plastics compounding capacity at the site in Jiangyin (China). The investment will increase the capacity of the compounding plant by 50% and the added capacity will be operational towards the end of 2008. ...

Nov ICIS Petrochemical Index (IPEX) jumps 4%

HOUSTON (ICIS news)--The ICIS Petrochemical Index (IPEX) for November surged by 4% to a reading of 284.48 points from 273.63 in October, following two consecutive months at a decrease. The index was up 6.6% from a year earlier. The latest month saw nine of the 12 petrochemical ...

UK recycled PET project scheduled for 2009

6 November 2007 Petagain Ltd has announced its intention to build the UK s first large-scale food-grade PET recycling plant running on chemical technology. Scheduled for 2009, the plant will use a continuous chemical process to produce food-grade rPET suitable for conversion into ...

Crude oil closes at record high of 96.70 dollars

NEW YORK, Nov. 6 (Xinhua) -- Crude oil futures closed up 2.72 dollars at a new record closing high of 96.70 dollars a barrel on the New York Mercantile Exchange on Tuesday. According to forecasts, U.S. crude inventories will fall for a third week. The dollar touched a new low ...

Crude oil down nearly 2 dollars

NEW YORK, Nov. 5 (Xinhua) -- Crude-oil futures pulled back from Friday's highest-ever close on Monday on speculation that the economy of the United States, the world's largest oil consumer, may be dragged down by the credit crisis. Sweet, light crude for December delivery closed ...

China underlines stable market prices following oil price hikes

BEIJING, Nov. 3 (Xinhua) -- China's top economic planning body urged local governments on Saturday to keep stable market prices after it raised refined oil prices. To balance higher costs caused by increased oil prices, the central government has already appropriated subsidies ...

Russia sees oil prices drop to $60

BEIJING, Oct. 22 -- Russia, the world's second-biggest oil exporter after Saudi Arabia, forecast crude oil prices may drop to 60 U.S. dollars a barrel in a decade. "Oil is significantly overpriced," Finance Minister Alexei Kudrin said in Russian at a press briefing on Saturday in ...

Braskem and Pequiven in US$2.5 bln JV

Brazil's largest petrochemical company Braskem plans to invest US$2.5 bln in a joint venture with Venezuela's state-run Pequiven in a polypropylene plant. The unit is projected to come on stream in 2009, and output will be sold in markets of Latin American, USA and Europe. ...

Oil falls below $87 after Friday's record $90

NEW YORK, Oct. 22 (Xinhua) -- Oil fell almost 2 dollars to below 87 dollars a barrel on Monday as financial markets tumbled on growing concerns over the health of the U.S. economy, triggering a correction from recent record highs. U.S. light, sweet crude fell 1.90 dollars to 86...

Indonesia to extend LNG export contract to Japan

JAKARTA, Oct. 22 (Xinhua) -- Indonesia will extend the period of its liquefied natural gas (LNG) exports of 25 million tons to Japan for another 10 years after the current contract expires in 2010-2011, a spokesman said Monday. "Indonesia will surely extend the contract on its ...

BASF opens first plant for tile adhesives in China

BASF today (October 22, 2007) celebrated the opening of its first plant for PCI tile adhesives in the southern Chinese city of Foshan, which will serve the local construction chemicals sector with leading tiling technologies and solutions. With an annual production capacity of ...

German propylene pipeline slated for start up in 2009

The long wait for the German propylene pipeline from Moers to Gelsenkirchen has ended with commencement of construction. The 60 km pipeline is scheduled for start-up in 2009. The pipeline initiates in Duisburg harbour and will link petrochemicals and plastics producers in the ...

Mittal in five prong petrochem MoU with HPCL, GAIL, Oil India and Total

LN Mittal has extended his group's foray into oil exploration and refining with an entry into petrochemicals to widen his presence in the hydrocarbons value-chain. Luxembourg-based Mittal Investments Sarl, has signed an MoU for setting up an integrated refinery-cum-petrochemicals ...

Thermoset Nanocomposites for Engineering Applications

Thermoset nanocomposites are complex hybrid materials, which integrate nanoparticles with polymers to produce a novel nanostructure, with extraordinary properties. Organic/inorganic hybrids are some of the most challenging nanostructures investigated to date. What differentiates ...

Consortium of foreign companies mull petrochemical plant in Peru

A consortium of foreign companies is mulling investment of US$1 bln to build a petrochemical plant in Peru as the government lures investment to the nascent sector. Australia's Orica Ltd., U.S. firms Terra Industries Inc and Omimex Resources, and Colombia's Abocol, have been in ...

Polymer Market Update, October 22, 2007

The commodity resin markets were very strong this past week, supported by soaring energy and feedstock prices. Polyethylene producers have now essentially secured their October $.04/lb price increase and Polypropylene producers will achieved on average a $.03/lb price increase ...

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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