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Little impact to Americas oil markets with Pemex shut-in: sources

A temporary halt in production and exports of Mexican crude due to Hurricane Dean this week appeared to have virtually no impact in the Latin American crude market, sources said Thursday. "It was no surprise," said one buyer of Latin American crudes in the US Gulf Coast region. ...

Oman Petrochemical Industries Company faces delay in completion

The mega petrochemicals and plastics project at Sohar, Oman seems to be delayed. The project, to comprise a 1 mln tpa ethylene cracker, three world-scale PE and two PP plants was estimated to start up in 2008-2009, as per original plans. The project, planned by Oman Petrochemical ...

Formosa likely to put off restart of No.1 cracker

Taiwan's Formosa Petrochemical Corp is likely to shut down its 700,000 tpa naphtha cracker for longer than planned- possibly at least two to three days. Formosa's No. 1 cracker was shut down on Tuesday due to a compressor problem and was expected to restart by Aug. 28. A ...

JinHaas commences production of plastics additives

Rohm and Haas Company and Weihai Jinhong Polymer Co. Ltd have commenced production at their joint venture company, Jinhong Rohm and Haas Chemical Company (JinHaas). JinHaas will produce methacrylate butadiene styrene (MBS), acrylic impact modifiers (AIMs), and acrylic processing ...

Sintex Industries plans to acquire European composites firm

Indian plastic and textiles maker Sintex Industries Ltd. plans to acquire a European composites firm by March 2008. The company, with which the deal is expected to be finalized, has sales of about US$30 million in Europe. Sintex has set aside Rs 1.1 bln to be funded through ...

Shaw awarded technology & engineering contract by Tianjin Dagu

The Shaw Group Inc. has been awarded a contract to provide technology and basic engineering for a 500,000 metric tpa ethylbenzene/styrene monomer (EB/SM) plant for Tianjin Dagu Chemical Industry Co. Ltd., to be located in Tianjin, China. The value of Shaw's technology and ...

Gold futures close lower after failed attempt at $675

Gold futures closed slightly lower Thursday, reflecting weakness in the broader U.S. stock market after a failed attempt at reaching the $675-a-ounce level, as the dollar declined against European currencies and oil prices ended their losing streak.

The Up and Down China TDI Market Expecting Stability

22 Aug 2007 - The first half of 2007 has witnessed the fluctuation and accidents taking place in domestic TDI market, which has been significantly influenced by the suppliers' shutdown in Mistui, BASF and Gansu Yinguang, as well as the price leap caused by TDI blast in Cangzhou ...

GE Plastics Ups Stakes in Japan JVs

GE Plastics says it has acquired full ownership of GE Plastics Japan, its joint venture with Mitsui Chemicals and Nagase & Co. Under the new ownership, GEPJ s Chiba, Japan plant, which is located within Mitsui s facility, will be closed. In a related move, GE Plastics has ...

Polymer Market Update, August 20, 2007

It was a very nervous week of trading for both the energy and resin markets. The threat of a double punch from Erin and Dean brought on frightening reminiscence of the devastating twin hurricanes of 2005. After a pleasantly non-eventful hurricane season last year, this current ...

BASF Catalysis Research supports 'green' research initiatives at Columbia University s School of Engineering and Applied Science

ISELIN, NJ, August 20, 2007. BASF Catalysis Research has made a three-year research commitment of $600,000 to the Earth and Environmental Engineering Department of Columbia University s School of Engineering and Applied Science for graduate and post-doctoral studies into ...

U.S. inventories of crude oil, gasoline drop

WASHINGTON, Aug. 8 (Xinhua) -- U.S. commercial crude oil inventories fell sharply last week while gasoline stockpiles also declined unexpectedly, the Energy Department reported Wednesday. In the week ended Aug. 3, the nation's crude oil inventories dropped by 4.1 million barrels ...

Dow Completes Capital Investment for VERSENE Chelating Agents

09 Aug 2007 - The Dow Chemical Company has completed a capital project at its VERSENE(TM) Chelants plant in Freeport, Texas. The undisclosed, significant investment reinforces Dow's commitment to be a reliable supplier of a full range of chelants for current and future demand. ...

Polystyrene Market Update in North America, August 6, 2007

Volume: Average Price: Slightly weaker Spot Polystyrene prices gave back the penny it gained the previous week. While we continue to see a light flow of spot offerings, steady to easing Styrene monomer and Benzene feedstocks have relieved some upward pressure on the Polystyrene ...

Technip awarded a basic design and engineering contract by Sinopec YPC

Technip has been awarded a basic design and engineering contract by Sinopec Yangzi Petrochemical Co. Ltd. (YPC) for a syngas plant located in Nanjing, China. The plant is expected to become operational in the first half of 2009. This plant will have a capacity of 25,000m3/hour of ...

Sumitomo Chemical Announces Expansion of its Polypropylene Compounds Business in North America and Europe

09 Aug 2007 - Sumitomo Chemical will establish new manufacturing and marketing operations in both North America and Europe for polypropylene (PP) compounds used in automobile bumpers and other components as part of the global strategy of its polypropylene business. Sumitomo ...

Oil prices stay above US$72 a barrel as market awaits weekly report

Light, sweet crude for September delivery dipped to US$72.20 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. September Brent crude fell 38 cents to $71.42 a barrel on the ICE futures exchange in London. The market has witnessed ...

Russian regulator sees decision on free associated gas price soon

Moscow --7Aug2007 Russia's federal tariffs service, which regulates prices for the country's natural monopolies, expects to decide on full liberalization of associated gas prices within approximately three months, head of the service Sergei Novikov said Tuesday. "Last week we ...

Propylene and polypropylene complex planned in Tobolsk

The Tyumen regional government and SIBUR subsidiary Tobolsk Polymer have signed an investment agreement on state support for a project to build a propylene and polypropylene complex in Tobolsk. The new propane-drying unit will have a capacity of 510,000 tpa propylene and 500,000 ...

Methanol production issues leave US traders in wait and see mode

Houston --7Aug2007 The US spot methanol market continued to stagnate Tuesday morning as sources were at odds regarding the actual condition of the methanol market. Production problems in both Chile and Trinidad have led to confusion regarding supply side conditions and have ...

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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