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INEOS completes EURO90m Borealis Norway purchase

LONDON (ICIS news)--INEOS has completed the EURO290m ($394m) acquisition of Borealis petrochemicals business in Norway, the UK chemicals major said on Monday. The acquisition of Borealis AS is an important development for INEOS Olefins, said INEOS Olefins CEO Tom Crotty. This not ...

Some 12,000 mt Saudi-origin ethylene sold to Taiwan: sources

About 12,000 mt of Saudi-origin ethylene has been sold to Taiwan for September delivery as part of an incremental contract volume, market sources said Friday. The first 6,000 mt portion of the sale was set last week, with the second half of the parcel transacted Thursday, sources ...

Antimicrobial acetal copolymers for injection molding and extrusion

Mounting concern over bacterial contamination in many settings has led Ticona, the engineering polymers business of Celanese Corporation, to introduce Anti-Crobe Antimicrobial Polymers, a family of antimicrobial acetal copolymers (POM) that includes two injection molding grades ...

Enterprise to expand polymer grade propylene capacity 73,000 bpd

Enterprise Products Partners L.P. has successfully installed its fourth propylene fractionator at the partnership's Mont Belvieu, Texas complex that is now in service. The new unit allows Enterprise to increase its production of polymer grade propylene (PGP) at the facility by 26...

Daewoo to build HDPE plant for a unit of PTT PCL

South Korean company- Daewoo Engineering Co has been awarded a US$130 mln order to build a high density polyethylene (HDPE) plant for a unit of PTT PCL , Thailand's biggest energy firm. Daewoo will build the 250,000 tpa HDPE plant in an industrial complex about 200 kms southeast ...

Indian Oil Corp. (IOC) sells naphtha from Kandla and Dahej

State-run Indian Oil Corp. (IOC) has sold 180,000 tons of naphtha to be loaded from Kandla between October 2007 and March 2008 to Emirates National Oil Co (ENOC) at an US$8/ton premium to its price formula, free-on-board (FOB) basis, as per a trading source. IOC also sold 91,500...

Oil prices rise to US$73

Oil prices, that steadied at lower levels in the previous session on slower than expected economic growth figures and profit-taking, have moved up marginally to US$73. Light, sweet crude for October delivery inched up to US$73.47 a barrel in Asian electronic trading on the New ...

China builds another gas pipeline to fuel energy-thirsty east

BEIJING, Aug. 31 (Xinhua) -- China on Friday afternoon launched a gas pipeline that runs from the southwestern inland of Sichuan to coastal Shanghai, another "energy artery" to fuel the booming but energy-insufficient east following the grand West-East gas project. The 1,700-km ...

China sees balanced demand, supply of coal in first half

BEIJING, Sept. 2 (Xinhua) -- China's supply of coal largely managed to meet domestic demand in the first half of this year, sources with the National Reform and Development Commission said on Sunday. The top economic planning agency estimated between January and June, 1.26 ...

Low aluminium prices spur demand in July

Weaker prices of aluminium on the LME have helped ensure strong demand conditions for this non-ferrous metal in July 2007. As a result, aluminium inventories in the Asian region (including India) amounted to 350, 000 tonnes in July 2007 as compared with 381,000 tonnes in the ...

Angus announces price increase for Tris Amino products portfolio

04 Sep 2007 - Effective October 1, 2007, ANGUS Chemical Company, a wholly owned subsidiary of The Dow Chemical Company, is announcing a ten percent (10%) price increase for both list and off list prices for its entire TRIS AMINOTM brand tromethamine product portfolio around the ...

China reconsiders anti-dumping duty on Russian chemical supplier

BEIJING, Sept. 3 (Xinhua) -- China is reconsidering the necessity of imposing anti-dumping duty on a Russian caprolactam supplier, the Ministry of Commerce announced on Monday. Kemerovo Joint Stock Company "AZOT", a major chemical plant in west Siberia, filed in July an ...

Price trends of commodity polymers in Asia for the week of Sep 3, 2007

SUMMARY Crude oil futures spiked to a four week high, rising to US$74.04 a barrel for October delivery in the week of Sep 3, 2007 on the New York Mercantile Exchange, on account of a sudden drop in inventories. Naphtha rose in line with robust crude prices. Ethylene prices ...

Price trends of oil and polymer feedstock in Asia for the week of Sep 3, 2007

SUMMARY Crude oil futures spiked to a four week high, rising to US$74.04 a barrel for October delivery in the week of Sep 3, 2007 on the New York Mercantile Exchange, on account of a sudden drop in inventories. Naphtha rose in line with robust crude prices. Ethylene prices ...

Oltchim to commence negotiations for acquisition of Petrochemicals Arges

Oltchim Ramnicu Valcea is to commence negotiations for the acquisition of Petrochemicals Arges. Petrochemicals Arges encompasses petrochemical operations of Romanian oil firm Petrom's Arpechim Pitesti refinery. If an agreement is reached, Oltchim plans to invest 100 mln Euro to ...

GE completes sale of plastics business

General Electric Co. has completed the US$11.6 bln sale of its plastics division to Saudi Basic Industries Corp. (SABIC). In recent years, GE Plastics' performance results have afflicted by the rising costs of natural gas and raw materials since 2004. Profits for the division ...

Ineos removes force majeure on LDPE from Cologne

Ineos Polyolefins has removed force majeure (FM) on its LDPE production at Cologne, Germany, after repairs have successfully carried out. The force majeure was declared in May 2007 after one of the lines faced problems caused by a minor ethylene leakage at the same time that the ...

Hind Copper cuts prices 4.6%

Hindustan Copper (HCL), a public sector copper producer, has cut its basic prices across all product categories by 4.55 per cent following a 4.65 per cent decline in the metal price on the London Metal Exchange (LME).

New Helizarin pigment printing system now formaldehyde-free

The latest generation of the established Helizarin textile pigment printing system from BASF is now formaldehyde-free. As a result, textile producers can now meet all regulatory standards, as well as the requirements of leading retailers and brands related to formaldehyde without ...

Rhodia Polyamide South Korea: Polymerization Unit Construction on Schedule

05 Sep 2007 - Rhodia announced that the construction of its new 48kt Polyamide 6.6 salt and polymerization plant in Onsan, South Korea is on schedule and that plant start-up is set for early December 2007. Rhodia invested almost 40 million euro in the design and construction of ...

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china

Bill Gates talks nuclear
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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 ...

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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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