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Crude oil futures fall sharply as dollar rebounds

NEW YORK, Oct. 8 (Xinhua) -- Crude oil dropped more than 2 dollars a barrel on Monday for the first time in almost two months as the dollar rebounded against the euro. Crude oil for November delivery fell 2.20 dollars, or 2.7 percent, to settle at 79.02 dollars a barrel at 2:45 p...

Investment in petrochemical plants Nigerian Fed Government

Nigeria's Federal Government is to embark on massive investment in petrochemical plants, as well as development of enterprise centers and industrial clusters around the country. The Minister of Commerce and Industry is in the process of concluding talks with the President towards ...

Hungary's MOL signs cooperation deal with Qatar

MOL, Hungary's oil and gas company, has signed a deal with Qatar Petroleum for cooperation in upstream oil and gas and in petrochemicals. The cooperation could cover new or existing natural gas and crude oil exploration, development and production, oil recovery projects, ...

SK Corp to invest US$2 Bln in petrochemical sector in Peru

SK Corporation plans to invest US$2 billion in the petrochemical sector in Peru within the next few years. Two petrochemical plants are being proposed to be established by SK Corporation. As per reports, SK Corporation had already invested US$900 mln in the transport and ...

Russia's OMZ and Czech Cheteng in strategic petrochem partnership

Russia's OMZ (Uralmash-Izhora Group) and Czech CHETENG s.r.o., have entered a strategic partnership aimed at joint implementation of LSTK projects in the chemical and petrochemicals sectors. Projects taken up by the partnership include: - A gas processing complex in the Republic ...

ExxonMobil forms specialty compounds and composites business

ExxonMobil Chemical Company has formed a new specialty compounds and composites business to focus on the development, production and marketing of engineered polyolefin compounds. The new business is organized to provide customers with efficient delivery of innovative products ...

Base metals higher across the board following LME week

Base metal prices were higher across the board in London on the back of bullish sentiment stemming from the aftermath of last night's culmination of the London Metal Exchange week, the LME dinner, where the atmosphere of cautious, medium-term optimism has proven enough to push up ...

Japan Aug Naphtha Imports For Ethylene Feedstock Down 7.5%

TOKYO -(Dow Jones)- Japan's naphtha imports as feedstock for ethylene production fell by 7.5% on year to 1.23 million metric tons in August, as the country's naphtha cracking capacity declined due to an increase in regular maintenance compared with last year, data from the ...

Shell to invest in integration of Dutch Pernis-Moerdijk refinery and chemicals complex

Shell Nederland Chemie B.V. plans significant investment to strengthen the integration of the Pernis-Moerdijk refinery and chemicals complex in The Netherlands. The investment is part of an ongoing program to secure the long-term potential and competitiveness of Shell chemical ...

US weekly chemical railcar traffic up 1.2%

HOUSTON (ICIS news)--US chemical traffic rose 1.2% in the week ended 13 October, compared with the same period in 2006, the Association of American Railroads (AAR) said on Thursday. Chemical railcar loadings for the week were counted at 29,183 compared with 28,826 in the same ...

Oil surges to new record of $89.47

NEW YORK, Oct. 18 (Xinhua) -- Oil prices surged to a record 89.47 dollars on Thursday as the falling dollar drew new foreign investors and speculators to dollar-denominated energy futures. Crude for November delivery finished up 2.07 dollars at 89.47 dollars a barrel on the New ...

Dow to Raise Prices of Oxygenated Solvents Products

18 Oct 2007 - The Dow Chemical Company announced today that it will raise off-list prices on a number of its Oxygenated Solvents products in North America effective November 1, 2007, or as contracts allow.

Basell to stop PP production in 2008 at Varennes, Quebec

Unable to cope with the non-competitive operating costs of small plant, Basell has arrived at a decision to stop producing polypropylene at the Varennes, Quebec site in April 2008, after operating the plant for almost thirty years. The plant is expected to continue normal ...

Petrochemical complex planned at Cienfuegos

A petrochemical complex is being planned at Venezuelan city of Cienfuegos. Cienfuegos, known as the Pearl of the South, also has the country s second most important port complex.

Samsung Total completes PP expansion in S. Korea: adds 300,000 tpa polypropylene

Total has completed the expansion of its polypropylene plant at Daesan plant in South Korea. The new unit, with a capacity of 300,000 tpa, will bring the total polypropylene capacity of the plant to 554,000 tpa. A major expansion of the naphtha cracker has also been recently ...

Sasol mulls US$8 bln investment in coal-to-liquids plant in India

Sasol is considering construction of at least one coal-to-liquid (CTL) plant at an investment of US$6-8 bln, in India - the world's second-fastest growing economy after China. India has recently ammended its Coal Act, and the enabling fiscal framework and access to appropriate ...

PQ Corporation agrees to combine with INEOS Silicas

The Carlyle Group has announced that PQ Corporation, the specialty chemical company it acquired in July of 2007, has agreed to combine with INEOS Silicas, a division of INEOS. INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. PQ Corporation ...

Price trends of oil, polymer feedstock & commodity polymers in Asia for the week of October 15, 2007

SUMMARY Crude oil futures spiked past US$83 per barrel in New York on release of data by the Department of Energy reporting a drop in inventories for the week. Naphtha prices have risen in line with robust crude prices. EDC prices have dipped due to slack demand from downstream ...

Polyols for Polyurethanes based on renewable raw materials

The soaring prices of crude oil have sparked a debate about the benefits that increased use of renewable raw materials might bring to plastics production. Another aspect is the greater environmental compatibility attributed to products based on natural components. Industrial ...

Rabigh refinery to shut for one month

Saudi Aramco is to shut down its 400,000 bpd Rabigh refinery from next week. This four week long shutdown will enable the plant to be linked up to Aramco's new US$10bn joint venture petrochemical complex. Routine maintenance will also be carried out.

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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