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NYMEX crude firms in usual Friday rally

New York --3Aug2007 NYMEX September crude futures on the Chicago Mercantile Exchange's Globex system were 35 cents higher at $77.21/barrel Friday, in a familiar rally ahead of the weekend. There was no news behind the latest push higher. "Fridays during hurricane season tend to ...

BASF to increase propionic acid capacity in Ludwigshafen and Nanjing

BASF is increasing its annual production capacity for the chemical intermediate propionic acid at its sites in Ludwigshafen and Nanjing by 30,000 metric tons and 9,000 metric tons, respectively. Production in Nanjing is ensured by BASF YPC Co. Ltd., a joint venture owned by BASF ...

Dow Biocides Announces Global Price Increase For Glutaraldehyde

Buffalo Grove, IL - Dow Biocides, a business group of The Dow Chemical Company and its affiliates, is announcing a price increase for both list and off list prices of its entire glutaraldehyde product portfolio of 10 cents per pound in North America and by 10 percent (10%) for ...

Petrobras buys Suzano for R2.7bn

HOUSTON --Brazil state-run oil company Petrobras said on Friday it will acquire petrochemical group Suzano Petroquimica for Brazilian reais (R) 2.7bn ($1.4bn). Petrobras said it would pay R2.1bn to Suzano s controlling company, Suzano Holding, and another R600m to minority ...

Global growth, instability fuel record high oil prices says Kuwait

August 5, 2007 KUWAIT CITY -- Organization of Petroleum Exporting Countries (OPEC) member Kuwait said Sunday that recent record-high oil prices were due to continued growth in the world economy and political instability in major oil-producing regions. World oil prices this week ...

Big Oil coming to India, finally

Exxon, Chevron & Conoco may participate in NELP-VII. ExxonMobil, the world s largest oil company, and ConocoPhillips and Chevron of the United States, are likely to participate in India s seventh round of the New Exploration and Licensing Policy (NELP-VII), according to Director ...

Venezuela's Mega Gas Pipeline Plans Held Up

CARACAS - The South American mega-pipeline project to transport natural gas from the Caribbean to the River Plate, supplying a large part of Brazil en route, "has cooled down because of attacks from within South America itself" and due to attempts by the United States to delay ...

GE Plastics to become Sabic Innovative Plastics

3 August 2007 - Sign painters will be busy in Pittsfield, USA, later this year when GE Plastics officially changes its name to Sabic Innovative Plastics. The name change is expected to be official sometime in September, officials said. Saudi Basic Industries Corp (Sabic) reached ...

China's top nine copper smelters to cut output

China's top nine copper smelters plan to jointly cut production by 10 to 15 percent in the second half of this year, a move analysts say may push up domestic copper prices after August. Higher prices in China, the world's top copper consumer, would stimulate imports and possibly ...

Tighter US credit endangers risky chem projects

HOUSTON --The recent sell-off on US stock markets reflects tightening credit, which could make riskier chemicals projects harder to finance, an officer with a consultant firm said on Monday. The Dow Jones Industrial Average reached 13,321.08 in intraday trading on Monday. While ...

LUKoil dismisses charges of price fixing in U.S.

MOSCOW, August 6 - LUKoil [LKOH], has denied charges of price-fixing in collusion with Saudi Arabian and Venezuelan companies, a spokesman for Russia's largest crude producer said Monday. Russian business daily Kommersant reported that U.S.-based Green Oil had filed a claim ...

Fisher-Price recalls 1.5 million China-made toys

6 August 2007 - Fisher-Price and its parent company Mattel are recalling 1.5 million plastic toys worldwide that may contain hazardous levels of lead paint. The 83 models of toys identified in the recall include popular characters such as Big Bird, Elmo, Dora the Explorer and ...

Copper closes at five-week low

Fresh signs of economic trouble in the United States beat copper down to five-week lows on Monday, but analysts expect strong demand from China to buoy the metal. Copper for delivery in three months on the London Metal Exchange hit $US7,585 a tonne, the lowest level since July 2. ...

GE Plastics launches High Specific Gravity composite

6 August 2007 - GE Plastics has launched a new composite that it hopes will challenge the use of lead in X-ray shielding applications. By incorporating tungsten - a material with a high specific gravity (HSG) - into nylon 6, GE Plastics has produced a composite that can be ...

Oil prices dip below US$75 a barrel

Oil prices dipped below US$75 on Monday in Asia. This dip is in continuity to the decline prompted on Friday by news of a cooling U.S. job market. The contract declined US$1.38 to settle at US$75.48 a barrel Friday after the U.S. Labor Department reported the U.S. unemployment ...

Iran plans to build oil refinery and petrochemicals plant in Senegal

Pursuant to last weeks' meeting with Iranian officials hosted by Senegal's President, Iran plans to build oil refinery and petrochemicals plant in Senegal. Iran also promised to speed up the development of a car assembly plant for state-owned carmaker Iran Khodro in the west ...

Chevron Phillips Chemical commences construction on PPS facility

Chevron Phillips Chemical Company LP is to commence construction on a 22 mln pound pa Ryton polyphenylene sulfide (PPS) manufacturing facility at Texas. This new facility will boost the Borger facility's total PPS production to 44 mln pounds pa. The plant is scheduled for ...

EU grants approval to GE to sell plastics division to SABIC

Sale of General Electric Co.'s plastics division to Saudi Basic Industries Corp. (SABIC) for about US$11.6 bln (EUR8.63 bln) has been granted approval by the EU. This sale is an important step in GE's strategy to sell slower growth units, so it can invest in high-growth, high...

Dow Chemical seeking partner to build plant in Russia

Dow Chemical, the world s second largest chemicals company, is looking for a partner to build its own petrochemicals plant in Russia, the head of the company s Russia and CIS division, Andrian van den Berge told Interfax. The plant will be built if the company finds a suitable ...

Emerson to digitally automate Fujian Refining and Ethylene Project

Emerson Process Management, has been selected to digitally automate the Fujian Refining and Ethylene Joint Venture Project in Quanzhou City, China. The project is the largest integrated refining and petrochemicals project ever undertaken in China and is expected to startup by ...

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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