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Taiwan Formosa restarts 700,000 tpa No.1 naphtha cracker, plans another shutdown

Taiwan's Formosa Petrochemical Corp. has restarted its 700,000 tpa No.1 naphtha cracker, but plans to shut down another naphtha unit. Asia's largest ethylene producer plans to shut its No.2 900,000 tpa cracker for maintenance once the No.1 unit restarts stable operations. As a ...

US$4.5 bln petrochemical plant and LNG terminal at Goldboro to commence construction in 2008

Keltic Petrochemicals Inc. and MapleLNG's US$4.5 bln petrochemical plant and LNG terminal at Goldboro plan to commence project construction in spring 2008 - after clearing more regulatory hurdles. The two principals have reported completion of approx US$2 million worth of ...

Sterling Chemicals in a US$60 mln styrene supply agreement with Nova

Sterling Chemicals Inc. has joined with Nova Chemicals Inc. in a US$60 million styrene supply agreement. Under the terms of the deal, Calgary, Alberta-based chemical company Nova will have the exclusive right to the entire production capacity of Houston-based petrochemical ...

Brazil, Venezuela to resume southern gas pipeline project

RIO DE JANEIRO, Sept. 20 (Xinhua) -- The presidents of Brazil and Venezuela announced Thursday that they will resume the project of the so-called "Southern Gas Duct," a pipeline aimed at transporting natural gas from Venezuela to Brazil, and to Argentina through Bolivia. ...

Indonesia cautions world crude oil price hike

JAKARTA, Sept. 22 (Xinhua) -- Indonesian Trade Minister Mari Elka Pangestu has said she would monitor the world crude oil price hike reaching 82 U.S. dollars per barrel as it would have a wide-ranging impact on export commodities and basic necessaries, the Antara news agency ...

Texas Petrochemicals restarts successfully after Hurricane Humberto

Texas Petrochemicals, Inc's Port Neches facility has safely resumed its operations post Hurrican Humberto. All its units are successfully on line following a short outage as a result of Hurricane Humberto's landfall in southeast Texas. There was minimal damage sustained and plant ...

Market participants mixed on Oct US methanol CP nominations

Market participants seemed to be in agreement regarding an imminent increase in the US October methanol contract price, although opinions about the amount of the increase varied. On the lower end, expected increases were hovering near 10 cents/gallon while on the high end while ...

Polypropylene Market Update in North America, September 17, 2007

Volume: Growing Price: Steady Spot Polypropylene prices have softened just a tad from August highs however, the current price break might seem more dramatic to those buyers whose resin costs had previously moved into the mid-$.60s/lb. Since August price increases were not fully ...

US propylene stocks plumet 131,000 bbls in one week: EIA

US propylene stocks for non-fuel use dropped 131,000 barrels in the week ending September 14, according to the Energy Information Administration Thursday. Stocks levels were at 2.573 million barrels, down from 2.704 million barrels last week. For the week ending September 7, ...

SP Chemicals to shift focus on styrene monomer production

In a bid to meet strong global demand, SP Chemicals plans to produce 320,000 tpa of styrene monomer. SP Chemicals plans to invest 1.1 bln renminbi (S$220 mln) on production facilities in China, financed by internal cash flow and bank borrowings. Construction of the new styrene ...

US BLM halts oil, gas development in part of Alaska oil reserve

The US Bureau of Land Management has discontinued planning for oil and national gas activity in the southwestern portion of the National Petroleum Reserve-Alaska, citing the "high level of concern" about the potential impact on the western Arctic caribou herd, the agency said ...

BASF colorants and light stabilizers at the K 2007 with custom solutions and comprehensive service

At the K 2007 in D sseldorf, Germany, (October 24 31), BASF will be presenting colorants and light stabilizers for innovative products and custom solutions for the entire value chain. At the BASF Stand B21 in Hall 5, BASF experts will also be advising on matters such as product ...

Methanex continues to face natural gas supply problems in Chile

Canadian methanol giant Methanex continues to operate only one of four plants at its Chilean facility at Cabo Negro as a result of limited supply of Argentine gas, the company announced in a press release Wednesday. Natural gas shipments from Argentina have not yet been re...

Coca-Cola has goal to recycle or reuse 100% of its US PET bottles

Coca-Cola announced Wednesday it is investing more than $60-mil to build the world's largest plastic-bottle-to-bottle recycling plant and support recycling in the U.S. The investments are part of a goal to recycle or reuse 100% of the company's PET plastic bottles in the US. "We ...

Oil prices rise on storm, drop in U.S. inventories

NEW YORK, Sept. 5 (Xinhua) -- World oil prices rose Wednesday on concern over the ongoing U.S. Atlantic hurricane season and drop in U.S. oil inventories. New York's main oil futures contract, light sweet crude for delivery in October, closed up 65 cents at 75.73 dollars per ...

Polystyrene Market Update in North America, September 3, 2007

Volume: Better Price: Lower The spot Polystyrene market has continued to soften, losing about $.015/lb during the 2nd half of September. While the market is not really over-supplied, costs have eased slightly, which has placed pressure on this resin market. While costs are still ...

Polypropylene Market Update in North America, September 3, 2007

Volume: Average Price: Steady The spot Polypropylene market saw limited activity this past week; there was a normal flow of resin, both generic prime and good offgrade. After squeaking out another margin saving $.02/lb price increase in August, there is another $.03/lb price ...

Polymer Market Update in North America, September 3, 2007

It was a fairly busy week for spot resin trading. Contrary to the past few months, this time it was the sellers who were the aggressors into month end. In prior months, buyers had procured additional lots of resin as protective measures ahead of pending price increases; however, ...

Polyethylene Market Update in North America, September 3, 2007

Volume: Good Price: Steady The spot Polyethylene market was busy during the final week of August. Resin prices had rallied earlier in the month when producers were looking to implement their $.04/lb price increase, but then stabilized when the increase was delayed until September...

FMC Corporation Increases Price of Hydrogen Peroxide

06 Sep 2007 - FMC Corporation announced that effective October 1, 2007, or as contract terms permit, it will increase hydrogen peroxide prices by $0.04 per pound (100 percent basis) in the United States and $80 (Canadian) per metric ton in Canada. FMC's hydrogen peroxide energy ...

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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