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Oman's Octal Holding plans to become world number 1 in APET sheet packaging

Oman's Octal Holding has invested US$300 mln into a petrochemical plant and plans to become the world's largest producer of amorphous polyethylene terephthalate (APET) sheet packaging. The plant started operations last December and has an annual capacity of 30,000 tons. A twin ...

Venezuelan president promises $18 bln of gas investment

CARACAS, Sept. 16 (Xinhua) -- Venezuelan President Hugo Chavez said on Sunday his government will spend 18 billion U.S. dollars over next five years to satisfy internal natural gas demand as part of the so-called Gas Revolution Project. Speaking from the San Joaquin Anaco Gas ...

Coal-to-oil plant to start production next year

BEIJING, Sept. 17 -- China's first direct coal-to-oil plant will start operation next year, with the industry's production capacity rising to 50 million tons in 12 years, the country's largest coal company has said. The project under Shenhua Group is based in Erdos in North China...

Venezuela to boost oil production to five mln bpd by 2012

CARACAS, Sept. 16 (Xinhua) -- Venezuela will raise its production of crude oil from the current 3.2 million barrels per day (bpd) to 5 million in 2012, in order to maintain a fair price in the market, President Hugo Chavez said during his Sunday television and radio speech. The ...

Bayer completes acquisition of U.S. biologics manufacturing facility from Novartis

17 Sep 2007 - Bayer Schering Pharma AG, Germany, has completed the acquisition of a biologics manufacturing facility in Emeryville, California from Novartis. Bayer will manufacture its multiple sclerosis drug Betaseron at the Emeryville site, retain full control of all manufactur...

Dow UCAR Emulsion Systems Reissues Price Increases for Emulsion Products and Rheology Modifiers

17 Sep 2007 - Dow UCAR Emulsion Systems, a business unit of The Dow Chemical Company, is reissuing previously announced increases on its emulsion products and rheology modifiers from the second and third quarters. Effective October 1, 2007, for all North American customers, Dow ...

Crude prices retreat after touch record high

NEW YORK, Sept. 14 (Xinhua) -- Crude prices retreated Friday after setting a new record high on profit taking. Light, sweet crude for October delivery was down 99 cents to settle at 79.10 dollars a barrel after rising as high as 80.36 dollars, setting a new intraday high. London ...

OPEC chief says high oil prices not to last long

VIENNA, Sept. 14 (Xinhua) -- Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Abdalla Salem El-Badri said here Friday that the current high oil prices would not last long. The prediction came after oil prices briefly hit a record high of over 80 U.S. ...

CAPP coal demise not so certain; model shows low-sulfur coal end

The conventional wisdom in the coal industry is that Central Appalachia is running out of coal reserves, that production must decline in the coming years and that everyone will install scrubbers to burn higher sulfur coal, further aggravating CAPP's problems. But at Wednesday's ...

US chemical railcar traffic up 2.3% in August

TORONTO (ICIS news)--US chemical railcar traffic rose 2.3% to 153,076 carloads, in August, compared with the same month last year, the Association of American Railroads (AAR) said on Thursday. For the week ending 1 September, chemical rail carloads rose 2.8% to 32,022 compared ...

TVS Group Company plans bioplastics production

Chennai-based Harita NTI, a TVS Group Company plans to manufacture base resins from bio-mass. Harita NTI, a 50:50 JV between TVS and Northern Technologies International Corporation of the US, will employ polymer energy technology to convert waste plastic to crude oil and ...

Copper price to 'remain strong'

The chief executive of copper producer Antofagasta, Marcelo Awad, has dismissed recent concern about metals prices, saying he believes commodity prices will remain strong well into 2008. London-listed Antofagasta, controlled by Chile's Luksic family since 1980, posted a 12pc ...

India could emerge as regional petrochem hub

Tata Strategic Management Group expects India to emerge as a regional petrochemical production hub in next five to seven years, leading to increase in availability of base petrochemical products for downstream applications coupled with increased supply of organic chemical raw ...

PKN Orlen to invest 1 bln eur in new petrochem facility

PKN Orlen , Poland's largest oil company, plans to invest 1 bln euro in several petrochemical units projected to come onstream in 2010. 60% investment will be for PTA unit and 40% for PX. PKN has signed contracts with Polish construction company Polimex and Japan's Mitsubishi ...

Malaysian plastic manufacturers pass part of rising resin costs to users

Rising prices of major types of plastic resins, both local and imported, have had an adverse effect on plastics processors in Malaysia. In a statement last week, the Malaysian Plastics Manufacturers Association (MPMA) said the average price of certain grades of resins was higher ...

India's NR exports decline in April-May

Kottayam, India -- Export of natural rubber in India during April and May 2007 was 6,117 tonne compared to 12,711 tonne during the same period the previous year. Export during May 2007 was 3,989 tonne against 6,722 tonne in May 2006, a rubber board spokesman said on Tuesday. The ...

Hercules acquires Dexter Chemical's specialty surfactants business

Wilmington, DE -- Hercules has announced it has completed the purchase of the specialty surfactants business of Dexter Chemical L.L.C. Under terms of the agreement, Hercules is acquiring the business related to Dexter s product portfolio of phosphate ester surfactants sold under ...

Degussa GmbH to Increase Prices for Pigment Blacks from September 15, 2007

31 Aug 2007 - RAG Subsidiary Degussa GmbH is announcing price increases of between 6% and 10% for pigment blacks, depending on the product or the region. The increased prices will come into effect for deliveries on September 15, 2007. According to the company, following a long ...

Park Electrochemical Corp. announces proposed restructuring of its Neltec Europe business unit

31 Aug 2007 - Park Electrochemical Corp. announced that Neltec Europe SAS, Park's electronic materials business unit located in Mirebeau, France, is proposing to restructure its operations and to reduce its workforce and has commenced an information and consultation process with ...

Bayer MaterialScience raises prices for hydroxyacrylates, unsaturated polyester resins and alkyd resins

31 Aug 2007 - Bayer MaterialScience AG raises the prices for hydroxyacrylates, unsaturated polyester resins and alkyd resins in the region EMEA (Europe, Middle East and Africa) by an average of EUR 0,15/kg effective September 15, 2007. According to the company, the price rise ...

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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