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Lotte Daesan to expand ethylene output to 1 mln tpa

Lotte Daesan Petrochemical, part of Honam Petrochemical (Seoul, South Korea), plans to expand ethylene capacity from 600,000 tpa to 1 mln tpa. Lotte Daesan will use the "Ripple Tray" technology of the Shaw Group for the ethylene revamp project. Expansion of the cracker located at ...

One dies in petrochemical plant blast in Romania

A powerful explosion at Romania's biggest petrochemical complex Oltchim, located at the town of Ramnicu Valcea, left one dead and seven wounded. The accident is believed to have been caused by a failure of the circulation pump that increased the pressure at one of the plastic ...

Environment Dept seeks detailed report on Sg Pulai petrochemical project

Malaysia's Department of Environment has sought a detailed Environmental Impact Assessment (EIA) report on a petrochemical project at the Sungai Pulai estuary in Pontian, Johor, pursuant to reservations expressed by Johor Mentri Besar Datuk Abdul Ghani Othman in view of the ...

India not keen to eliminate import tariffs on chemical and petrochemical items under FTA with Thailand

Thailand and India are engaged in negotiations to conclude a Free Trade Agreement (FTA) covering trade in goods by 2010. The FTA covering trade in goods would lead to long term mutual benefits in trade and investment and the partnership would be expanded further to cover ...

Cheaper and more effective bioplastic packaging for food, pharma and cosmetics

Netherlands-based Purac, a producer of lactic acid for the food sector, has invested in new lactides that will contain (L+) and D(-) lactic acids and will potentially provide the food, pharma and cosmetics industries with cheaper and more effective bioplastic packaging. The new ...

Terra Nostra expects strong copper prices to continue this year

Terra Nostra Resources Corporation, majority owner of two China joint venture companies in the copper and stainless steel industries, today said that the recent price levels for copper, seen substantially as a result of demand for the metal out of China, help position the Company ...

A new calendaring grade of thermoplastic polyurethane elastomers

The Dow Chemical Company has introduced a new calendaring-grade of thermoplastic polyurethane (TPU) elastomers to be commercialized under the PELLETHANE brand. The new elastomer can offer performance and processing advantages for a wide array of demanding applications including ...

Copper drops 23 cents per pound in New York

Base metals prices dropped substantially on Thursday as investors were not willing to take on any risk in the wake of falling equities markets and continuing worries about the global economy. December copper in New York was down 23.1 cents, or 7 percent, to $3.091 per pound, its ...

China finds major nickel deposit in northwestern Xinjiang

China has found a nickel deposit with proven reserves of over 900,000 tons at Hami, in northwestern Xinjiang region, the official China News Service said.

Palm oil futures likely this year

BEIJING, Aug. 8 -- Dalian Commodity Exchange (DCE), one of the three futures exchanges in China, yesterday said it would release details of the draft contract on palm oil futures later this month to expedite the introduction of the product. DCE said the palm oil futures contracts ...

Titan Petrochemicals Group plans market to trade spot petrochemical contracts

China's largest oil-supertanker owner Titan Petrochemicals Group plans to set up a market to trade spot petrochemical contracts in the nation's south this year. Trading will start with fuel oil and liquid chemical products. Titan Petrochemicals will hold a 70% stake in the ...

Nigeria: 40bbls Oil Reserve By 2010 Not Feasible, Says NNPC

The Nigerian National Petroleum Corporation (NNPC) has said the targeted 40 billion barrels (bbls) oil reserve by 2010 is no longer attainable. Group Managing Director, (GMD) of the corporation, Engr. Funsho Kupolokun, argued that enormous energy requirements are needed to ...

Thai PX implements ExxonMobil's licensed Olgone Unit

ExxonMobil's new Olgone technology has been successfully implemented by Thai Paraxylene, marking the first licensed application in Thailand of ExxonMobil's new technology. The Olgone process implemented at Thai PX's Sriracha petrochemical complex removes olefinic contaminants ...

Kemira: Finnish Chemicals received statement of objections regarding selling of sodium chlorate

06 Aug 2007 - Finnish Chemicals Oy, a subsidiary of Kemira Oyj, has received an EU Commission Statement of Objections concerning selling of sodium chlorate, with regard to alleged antitrust activities during 1994-2000. Kemira Oyj acquired Finnish Chemicals in 2005. Finnish ...

Chemtura urethane price increase for Europe, Africa, Middle East

06 Aug 2007 - Effective September 1, 2007, or as contracts permit, Chemtura Europe will increase selling prices of most urethane prepolymers and curatives by EUR 0.20/kg in Europe, the Middle East and Africa. These changes are directly related to continuously escalating costs for ...

Basell makes offer to acquire Shell's oil refinery at the Berre l'Etang petroch. complex in France

06 Aug 2007 - Basell and Soci t de P troles Shell SAS announced today that Basell has made an offer to buy the Shell oil refinery and associated infrastructure and businesses at the Berre l'Etang petrochemical complex in France. Subject to staff council consultation, review and ...

Sinopec: no oil supply shortage in S China

BEIJING, Aug. 2 -- There is no oil supply shortage in South China, including Guangdong Province, Asia's top refiner Sinopec said Wednesday in a rebuttal to recent media reports. "Our own filling stations have enough oil supply for consumers' use. We do not see an oil product ...

Polyplex to expand capacities at India, Thailand plants

New Delhi --2Aug2007 India's Polyplex Corp. is to set up new production lines for 38,000 mt/year biaxially oriented polypropylene film, 7,600 mt/year cast polypropylene film and 4,000 mt/year metallizer for CPP at its existing plant at Rayong in Thailand, and a 38,000 mt/year ...

ISO New England study sees continued reliance on gas-fired plants

Charlottesville, Virginia --2Aug2007 New England's heavy dependence on gas-fired plants is likely to continue, with fossil fuel costs driving electricity prices and emissions levels, according to a report released Thursday by ISO New England. The final New England Electricity ...

NYMEX crude opens 28 cents lower, extending Wednesday's losses

New York --2Aug2007 September crude futures on the New York Mercantile Exchange opened 28 cents lower at $76.25/barrel Thursday, extending Wednesday's losses which were precipitated by the weekly US oil data. A larger-than-expected 6.5 million barrel drop in US commercial crude ...

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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