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Petronas plans Kertih plastics hub to gain from readily available feedstock

Malaysia's Petroliam Nasional Bhd (Petronas) plans to develop a plastics manufacturing hub in Kertih to take advantage of readily available feedstock from its adjacent ethylene crackers. Currently, the capacity at these two plants is almost fully utilised but the output is mostly ...

PetroChina secures environmental clearance for oil and petrochemical projects

Asia's top oil and gas company - PetroChina, has won environmental clearance for its oil and petrochemical projects. The six projects, including a 200,000 bpd refinery and one mln tpa ethylene complex in the remote northwestern region near the Kazakhstan border, are to be ...

Iran privatizes 12 petrochemical companies

Iran has privatized 12 petrochemical companies in the past Iranian calendar year that has ended on March 20, 2007. This accounts for 35% of the sector's subsidiaries. The petrochemical companies of Khorassan, Shiraz, Tabriz, Bisotun in Kermanshah, Fanavaran, Shahid Tondguyan, ...

Grapevine hints at sale of 6.1% stake in Unipetrol by Czech financial group

Market grapevine suggests that Czech financial group KKCG has hived off 6.1% stake in petrochemicals maker Unipetrol to an unnamed local company with Russian financing. The stake corresponds to 11 mln shares and was sold for 280 crowns a share, which is a 2.4% discount to ...

INEOS NOVA to shut US styrene plant production

HOUSTON (ICIS news)--A joint venture formed by NOVA Chemicals and INEOS plans to shut down styrene production at Sterling Chemicals' plant in Texas City, US, part of a larger plan to improve margins, a company executive said on Wednesday. "The entire industry has had a very tough ...

Eastman Increases Ester Solvents Prices on October 1

KINGSPORT, Tenn., Sept. 18, 2007 - Eastman Chemical Company is increasing prices on the following products effective Oct. 1, or as contracts allow. Eastman EEP: Off-list price increase of $US 0.04 /lb ($US 0.088/kg) globally. Eastman EEP: List price increase of $US 0.04 /lb ($US ...

Eastman issues 3 cts/lb DOP price hike for the Americas from Oct

Eastman Chemical Co has issued a 3 cents/lb off-list price increase for dioctyl phthalate from October 1, or as contracts allow, the company said Tuesday. The increase would be for Latin and North American markets. The company cited increased market demand and operating costs, ...

Industry group calls on EU to review ethanol regulations

The recently formed Industrial Ethanol Association issued a statement on Tuesday calling on the European Commission to "carry out an in-depth analysis of the market to ensure a secure regulatory environment and level playing field for European operators." The IEA, which came into ...

Polystyrene Market Update in North America, September 17, 2007

Volume: Better Price: Steady Spot Polystyrene prices have stabilized after several weeks of consistent $.005/lb reductions. Spot prices have now come off $.03/lb, which is about the same amount that large buyers' contracts have been reduced from previous highs. Not all buyers may ...

USG natural gas shut-ins at 1.288 Bcf/d ahead of storm: MMS

Oil production shut-ins in the US Gulf of Mexico were 360,169 b/d on Thursday, the US Minerals Management Service reported. The agency also reported that about 1.288 Bcf/d of natural gas production had been shut it. Producers have begun to shut in production ahead of the path of ...

MHI Awarded Large-scale Polyethylene Plant Contract for ExxonMobil Chemical's New Petrochemical Complex in Singapore

20 Sep 2007 - Mitsubishi Heavy Industries, Ltd. (MHI) has been awarded a contract by ExxonMobil Asia Pacific Pte. Ltd. for two large-scale polyethylene (PE) units with a combined production capacity of 1,300,000 tons per year. Finishing, packaging, and shipping facilities for ...

Price trends of oil, polymer feedstock & commodity polymers in Asia for the week of Sep 17, 2007

SUMMARY Crude oil futures escalated past US$80 per barrel as fast-forming Hurricane Humberto stunned the area around the Texas-Louisiana border and rendered shut down of three refineries. Naphtha rose in line with robust crude prices. EDC and VCM prices dropped due to bearish ...

Lanxess increases prices for rubber chemicals

Leverkusen - As of October 1, 2007, Lanxess said it will globally increase its prices for rubber chemicals. The Vulkanox 4020 antioxidants will rise in cost by EUR 190 or USD 250 per metric ton, and the Vulkacit accelerator grades by between EUR 150 and 360 or USD 200 and 500 per ...

Oil hits new high above 83 dollars

NEW YORK, Sept. 20 (Xinhua) -- Crude futures closed above 83 dollars a barrel Thursday on the New York Mercantile Exchange, marking another record high for a benchmark contract. Crude oil for October delivery closed at 83.32 dollars a barrel, up 1.7 percent, or 1.39 dollars over ...

US food recall seen as driver for biocides

US biocide companies such as Arch Chemicals could see business increase as a result of food recalls, the company said. Dole Food, the world's largest producer and marketer of fresh fruit, fresh vegetables and fresh-cut flowers recalled on Monday its Dole Hearts Delight packaged ...

Malaysia's NR output up in July

Malaysia -- Natural rubber production in July rose 5.9 per cent to 104,286 tonnes when compared with June. Production, however, declined 16.9 percent when compared with the same month last year, the Statistics Department said in a statement on Tuesday. The smallholding sector ...

BASF increases price for glyoxal worldwide

With immediate effect or as contracts allow, BASF is increasing the sales price for glyoxal worldwide. Europe: + 40 EUR/mt USA / South America: + 66 USD/mt, 0.03 USD/lb Asia: + 100 USD/mt These price adjustments are necessary to support BASF's ongoing efforts to assure highest ...

Mitsubishi and Sasol agree to dissolve JV for acrylic acid and acrylates business

Mitsubishi Chemical Corporation and Sasol Chemical Industries Limited have agreed to dissolve the joint venture for acrylic acid and acrylates business in the Republic of South Africa, established on September 30, 2003. Sasol Dia Acrylates (Pty) Limited (SDA) which markets the ...

Sinopec and DuPont launch EVA JV in China

China Petroleum and Chemical Corporation (Sinopec) and DuPont Packaging and Industrial Polymers have embarked upon a new joint venture to produce ethylene vinyl acetate resins (EVA). Sinopec will have 55% holding in the new company and DuPont will hold 45%. The plant is to be ...

Celanese inaugurates largest chemical complex in Nanjing

US based chemical maker Celanese has inaugurated its largest global chemical complex in Nanjing with a total investment of US$330 million. Celanese's complex, located at the Nanjing Chemical Industrial Park, brings world-class scale to one site for the production of acetic acid, ...

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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