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China's oil, gas pipelines extend 62% over four years

BEIJING, Oct. 8 (Xinhua) -- China saw its oil and gas pipelines extend by 62 percent in the last four years to 48,000 kilometers, according to the National Bureau of Statistics. By the end of last year, China's oil pipelines reached 24,136 kilometers in length, with transmission ...

BASF Antwerp naphtha unit due on stream after maintenance shutdown

In line with its maintenance plans, Germany's BASF AG has shut its naphtha steam cracker unit at Antwerp, Belgium since mid August. BASF plans to restart the plant by mid-October, where it has concluded work to expand capacity concurrent with the regular turnaround.

DuPont increases price of ethylene copolymer products

A drastic increase in feedstock and transportation costs over the past few months have triggered a prioce increase announcement by DuPont Packaging & Industrial Polymers. Price adjustments are needed to support the continuous reinvestment in product development and research. ...

Middle East to be major player in Polyolefins Industry in next 5 years

Polyolefin producers in the Middle East are starting up a substantial wave of cost advantaged polyolefins production capacity. This new capacity will impact the industry on a global basis, reports Chemical Market Associates, Inc. (CMAI) in the recently completed 2008 World ...

BASF inaugurates two new plants at its Freeport, Texas, site

BASF today (October 8, 2007) inaugurated two new manufacturing plants at its site in Freeport, Texas a production line for polyamide 6 (nylon) and a plant for superabsorbent polymers (SAP). These new facilities are fully integrated into our Verbund structures at the site and ...

Reliance unit to convert petroleum coke into diesel and naphtha

Reliance Industries Ltd. plans to set up a new unit to convert petroleum coke, a low-value residual output of refining crude petroleum, into high value synthetic fuel such as diesel and naphtha. This new conversion technology will open up a new revenue stream for the company. ...

Nigeria's KRPC may resume production by February 2008, after a year long shutdown

Nigeria's Kaduna Refinery and Petrochemical Company (KRPC), may resume production by February 2009, after being shut down since last year. The Energy Ministry has already negotiated a three-month Turn Around Maintenance (TAM) period, which is awaiting final approval of the ...

Will RIL be part of 1 mln tpa petrochemical complex at Vishakhapatnam with GAIL, HPCL?

There is a possibility of Reliance Industries (RIL) coming together with GAIL India and Hindustan Petroleum Corporation (HPCL) to set up a mega 1 mln tpa petrochemical complex in Vishakhapatnam, Andhra Pradesh. HPCL has a 7.5 mtpa refinery in the area, which is expanded to 15 ...

Dow Corning implements environmentally friendly manufacturing technology

04 Oct 2007 - Dow Corning Corp. announced a $50 million investment in new equipment for its Midland, Mich., plant that is expected to reduce carbon dioxide emissions by 20 percent, total emissions by 75 percent, and lower the site's consumption of natural gas by 400 billion Btu ...

Singapore aims to become Asia's biomedical hub

Singapore has embarked on an ambitious strategy to become the leading Asian hub for life sciences and biomedical sciences (BMS) industry, sources from the city-state said on Friday. The industry is set to enjoy strong growth as major leading pharmaceutical, biotechnology and ...

Braskem continues to mull investment of US$1.5 bln in petrochem plant is Bolivia

Brazilian petrochemicals company Braskem continues to mull investing a minimum of US$1.5 bln in petrochemical plants in Bolivia. Braskem could also invest in more than one project, and investment in each of the plants would be of at least $1.5 billion. Brazilian state-run energy ...

Polyethylene Market Update in North America, September 17, 2007

Volume: Mostly high, some grades scarce Price: Steady to lower Spot Polyethylene prices on average were mostly steady this past week, which is contrary to producers' efforts to raise September contracts by as much as $.09/lb. Spot prices have been unable to regain steam since ...

Polymer Market Update in North America, September 17, 2007

Until this past week, the feedstock and resin market rallies had stalled and they began to give back some of their previous gains. Then Tropical Storm Humberto suddenly gained hurricane status on Thursday as it made landfall along the Petrochemical rich Texas/Louisiana region. ...

Alfa to acquire PET Eastman's polymers production facilities in Mexico and Argentina

ALFA, S.A.B. de C.V. (ALFA) plans to acquire PET Eastman's polymers production facilities in Mexico and Argentina. Alfa has entered into definitive agreements with Eastman Chemical Company for the acquisition. Terms of the transactions, which are expected to close during the ...

Dow Polyurethanes plans capacity expansion of its Dutch polyols plant

In a move towards its' commitment to strengthen its position in Europe, with a focus on driving the growth of its Performance businesses throughout the region; Dow Polyurethanes, a business group of The Dow Chemical Company, plans to go ahead with the detailed engineering phase ...

BASF increases price for PolyTHF worldwide

With immediate effect or as contracts allow, BASF is increasing the sales price for PolyTHF (Polytetrahydrofuran) worldwide by US$150 per metric ton or equivalents in local currencies. The price adjustment for PolyTHF is triggered by strong demand from all market segments and ...

Foreign investors zero in on Chinese coal

BEIJING, Sept. 18 -- In view of its huge development potential, more and more foreign companies have been showing a keen interest in entering China's coal industry. At the China (Taiyuan) International Coal & Energy New Industries Expo 2007, many foreign companies have showcased ...

Crude prices set another record high

NEW YORK, Sept. 18 (Xinhua) -- Crude prices surged to another record high near 82 dollars a barrel on Tuesday on concerns over tight supply in the United States. A U.S. Federal Reserve decision to cut interest rates by 50 basis points also supported oil and other commodities. ...

PPG to divest fine chemicals business to Zambon for $65 million

PPG Industries has signed an agreement with ZaCh System, a subsidiary of Zambon Company, to sell its fine chemicals business for roughly $65 million, the company announced Monday. The transaction is expected to be complete in Q4 pending customary closing conditions and regulatory ...

German Evonik to build methacrylates complex in Shanghai by 2009

Germany's Evonik Industries has broken ground for a methyl methacrylate and methacrylate specialties integrated complex in the Shanghai Chemical Industry Park, the specialties chemical company said. The Eur250 million ($347 million) facility is scheduled to come on stream in mid...

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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