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Algeria to invest US$20 bln in petrochemical industry by 2008

Algeria will invest US$20 bln in its petrochemical industry by 2008. Of the two finalized projects, one is with Total and one with the international consortium Armalt. The other 4-5 petrochemical projects will be awared in the next few months, before 2008.

Martin H. Richenhagen of AGCO joins PPG Industries board

01 Aug 2007 - Directors of PPG Industries have elected Martin H. Richenhagen a member of the company's board, effective Sept. 1, 2007. He is chairman of the board, president and chief executive officer of AGCO Corp., Duluth, Ga., manufacturer and distributor of agricultural ...

Akzo to Buy ICI for 8 billion

Akzo Nobel will acquire ICI for 8 billion ($16.3 billion), or L6.70/share. The offer is a 22% premium to ICI s closing price of 5.49/share, the last trading day prior to Akzo s bid. The bid, however, faces opposition from at least one major Akzo shareholder, TPG-Axon, according ...

China launches largest coalbed methane liquifying project

BEIJING, Aug. 11 (Xinhua) -- China has launched a coalbed methane liquefaction project that boasts the country's largest daily production capacity, company sources confirmed Saturday. The project, based in Qinshui Basin, north China's Shanxi Province, is expected to produce one ...

Reliance to invest US$10 mln in oil refining, petrochemicals and plastics sector in Egypt

India's Reliance Industries plans to US$10 billion in the oil refining, petrochemicals and plastics industries in Egypt. The investment outlay will include US$1 billion towards building an oil refinery and US$7 billion towards the petrochemical sector. The last decade has seen ...

Ecuador refinery to be a part of US$10 bln petrochemical complex

A refinery planned to be built by state-owned oil companies Petroecuador and Petroleos de Venezuela will form part of a US$10 bln petrochemical complex. Ecuador aspires to have the other Latin American companies as partners for the project that will cater to domestic demand as ...

Oil prices stabilize at US$71 a barrel

Oil prices stabilized at US$71 levels in Asian trading. Light, sweet crude for September delivery steadied at US$71.58 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. September Brent crude settled at US$70.27 a barrel on the ICE ...

Singapore's SP Chemicals get nod to build petrochemical facility in Vietnam

Singapore's SP Chemicals has received approval from Vietnam's central government to build a petrochemical facility and an industrial park in the central province of Phu Yen. SP plans to invest US$1.2 bln to develop the naphtha cracking petrochemical complex. SP also plans to ...

Sinopec discussing South China refinery and petrochem project with KPC, Dow, Shell

Sinopec Corp. is holding talks with Kuwait Petroleum Corp, Dow Chemical Co. and Royal Dutch Shell to build a major refinery and petrochemical plant in Guangdong, South China. The refinery and petrochemical plant is planned at an investment outlay of US$5 bln. The partners were ...

Ruthenium demand to rise

Outgoing Anglo Platinum CEO Ralph Havenstein says that there has been significant growth in the demand for ruthenium, particularly for use in hard disk drives, which is expected to continue to have a major influence in the market. Although ruthenium has been used in disks before, ...

Dow Announces Price Increase for Acrylates in All Regions

14 Aug 2007 - The Dow Chemical Company and its affiliates have announced price increases for acrylic acid and esters, also known as acrylic monomers or acrylates, effective September 1, 2007, or as otherwise allowed by individual contract terms. Dow will increase off-schedule ...

Aker Kvaerner delivering Engineering and Procurement Services for Reliance Petroleum's Mega Polypropylene project

14 Aug 2007 - Aker Kvaerner is providing project management, procurement and engineering services for a new polypropylene (PP) plant being built by Reliance Petroleum Ltd in a Special Economic Zone in Jamnagar, in Gujarat, India. The plant is expected to be the largest capacity ...

China's copper imports down month-on-month in July

China imported a total of 206,830 tons of unwrought copper (copper cathode, copper anode and copper alloy) and semi-finished copper products in July this year, down 2.7 percent from June, while imports in the first seven months totalled 1.72 million tons, up 48.80 percent from ...

New infrared ovens speed up peroxide crosslinking

13 August 2007 Faster production of peroxide crosslinked pipe (PEX A pipe) is promised from the use of a new generation of infrared ovens available from German company iNOEX as a result of a co-operative agreement with the oven s manufacturer CrossLink (Finland). The infra red ...

Petrobras and Unipar in talks to amalgamate

With a view to boost production to world scale and increase competitiveness, Brazil's state-controlled oil company - Petroleo Brasileiro SA and Uni o de Industrias Petroqumicas, are in talks to merge their stakes into a single company. The new company, to be called Cia. ...

Lotte Daesan shuts PP production due to unplanned outage

South Korea's Lotte Daesan Petrochemical Corp. has shut its 250,000 tpa polypropylene production on account of an unexpected outage for approximately one week. The loss of production for five days is estimated to be between 1,500-2,000 tons. The production line was shut after ...

PU crashpads in automotives reduce impact force in case of accidents

Crashpads made of polyurethane (PU) rigid foam are used in automobile interiors to reduce the impact force in case of accidents, thus protecting the driver and passengers from serious injury. Crashpads are usually fitted in areas that pose the greatest danger in accidents-side ...

Oil prices rise to US$72 levels in Asia as report predicts tight supplies amid growing demand

International Energy Agency that predicts global demand for oil will grow by 2.5% next year and that production and supply will not keep up. Oil prices rose in Asian trading after this prediction about tight oil supply amid growing world demand. Light, sweet crude for September ...

Reliance to close down Kurkumbh MEG facility

Reliance Industries (RIL) plans to close down its polyester intermediate mono-ethylene glycol (MEG) manufacturing facility at Kurkumbh near Pune. The Kurkumbh unit, which manufactures MEG from industrial alcohol, was acquired two years ago. The area will be utilized to house ...

EU approves proposed acquisition of Lanxess by the INEOS Group

Under the EU Merger Regulation, the European Commission has cleared the proposed acquisition of the thermoplastic engineering business of the German company Lanxess by INEOS, a UK based group involved in intermediate and speciality chemicals. The Commission concluded that the ...

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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