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European Commission clears Ineos' proposed acquisition of Borealis' Norway operations

The European Commission has cleared British chemicals company Ineos' proposed E290 mln acquisition of Borealis' operations in Norway. Ineos is a British company active in the production and distribution of specialty chemicals. Borealis Norway consists of polyolefin production ...

Industries Minister resizes chemical hub at Haldi

West Bengal Chief Minister had quoted that 4,000 acres of government land would be added to the plots on which Haldia Petrochem and Mitsubishi plants are located to make it a 10,000 acre chemical hub, considerably downsizing the plot as compared to originally planned. Interesting...

Eastman Increases ESTER SOLVENTS Prices on September 1

KINGSPORT, Tenn., Aug. 28, 2007 - Eastman Chemical Company is increasing prices on the following products effective Sept. 1. EASTMAN Ethyl Acetate, Food Grade, Kosher: List price increase of $US 0.06 /lb ($US 0.132/kg) in North America.

Ukraine to boost int'l co-op in oil exploitation

KIEV, Aug. 27 (Xinhua) -- Ukrainian Prime Minister Viktor Yanukovych said Monday that Ukraine must step up its cooperation with other countries in oil exploitation. When meeting with heads of Ukrainian diplomatic missions, Yanukovych said the most promising way to diversify ...

Alberta orders Syncrude Canada to reduce H2S, ammonia emissions

The province of Alberta Tuesday ordered Syncrude Canada to minimize hydrogen sulphide (H2S) and ammonia emissions from its Mildred Lake oil sands efflunt pond in northern Alberta. The order was issued after complaints from the public were received regarding odor emanating from ...

Agencies complete review of offshore LNG license application

Federal and state agencies have accepted as complete Clearwater Port's application for a deepwater port license to build, own and operate a liquefied natural gas import terminal on a converted offshore oil production platform off the Oxnard, California, coast. The project's owner...

Polystyrene Market Update in North America, August 27, 2007

Volume: Better Price: Lower Spot Polystyrene slipped about $.01/lb this past week. It seems that producers have become a little more aggressive in moving product and we have seen the result in softer prices. While we continue to see a fair amount of lower quality cars, which are ...

Polypropylene Market Update in North America, August 27, 2007

Volume: higher Price: Steady Spot Polypropylene prices waffled this past week, much as they have during most of August. The spot market however, did make a quick $.01/lb gain around the beginning of the month in response to an early $.015/lb higher Propylene monomer settlement ...

Polyethylene Market Update in North America, August 27, 2007

Volume: Good Price: Lower The Polyethylene market came under pressure this past week with spot prices easing about $.01/lb. The market has now fully given back the premium that it had earned in the first part of the month when producers were trying to enact their $.04/lb price ...

BASF to increase prices for coatings resins

Effective immediately, BASF will increase prices in Europe for coatings resins by up to 15 %, depending on the product line, as existing contracts allow. Reasons are increased costs for raw materials, transportation, energy, packaging, services and engineering. The price increase ...

GCC and EU to sign FTA deal by November 2007

The six-member Gulf Cooperation Council (GCC) is expected to sign the long-awaited free-trade agreement (FTA) with the European Union by October or November this year. However, the next round of negotiations in Brussels would be crucial to the conclusion of this vital accord. The ...

Formosa Petrochemical mulls delay of ethylene plant restart

Taiwan's Formosa Petrochemical Corp., could delay restart of its ethylene plant by three weeks. This further delay has been caused by a mechanical fault at the unit's compressor that is more serious than the company had expected. The 700,000 metric tpa ethylene facility may ...

Dow to hike PE prices in Europe in September

With effect from 1 September 2007, Dow Europe (Horgen, Switzerland) plans yet another increase in European PE prices. This time, the hike is EUR 50/ton for all grades of LDPE and HDPE resins, "Dowlex" PE resins, "Attane" ultra low density polyethylene (ULDPE) copolymers, "Elite" ...

Karnataka state to apply to the Union government for PCPIR

Karnataka State Cabinet has given its consent to apply to the Union Government for establishing a Petroleum Chemical Petrochemical Investment Region (PCPIR). The Rs 1,52,000 - 2,00,000 crore project is subject to Union Government approval. KSIIDC, which had been designated as the ...

Dow in Talks for Iraqi Chemical Plant

Dow Chemical and Royal Dutch Shell are in talks with the Iraqi government for project valued at up to $2.1 billion to renovate and expand a chemical plant near the city of Basra, according to a recent Reuters' news report. Fawzi Hariri, Iraq s minister of industry and minerals, ...

Vinythai to acquire assets of rival PVC producer

In a bid to facilitate capacity expansion, Thailand's second largest polyvinyl chloride (PVC) producer - Vinythai PCL plans to buy assets of smaller rival APEX Petrochemical Co. for 3.25 billion baht ($94 million) to expand capacity. The purchase, which would include a factory ...

GE, Mitsui Chemicals and Nagase in Japan Joint Ventures

GE, Mitsui Chemicals, Inc. (MCI) and Nagase & Co., Ltd. (Nagase) announced that they have reached the following agreement regarding their two Japanese joint ventures - GE Plastics Japan Ltd. (GEPJ) and GEM PC Ltd. (GEMPC). GE Plastics Japan Ltd. GE has increased its stake in GEPJ ...

Chinese mainland imposes anti-dumping duties on imported BPA

BEIJING, Aug. 29 (Xinhua) -- The Chinese mainland is to levy five-year anti-dumping duties from Aug. 30 on BPA (Bisphenol-A) imported from Japan, Singapore, Republic of Korea, and Taiwan, said the Ministry of Commerce on Wednesday. Importers of BPA, a type of organic chemical ...

Offshore oilfield service company posts 63 percent growth in first-half profits

BEIJING, Aug. 29 (Xinhua) -- China Oilfield Services Limited (COSL), a listing arm of the country's largest offshore oil producer, CNOOC, recorded 1.1 billion yuan (145.2 million U.S. dollars) in net profits for the first half, a growth of 63.4 percent over the same period last ...

Polymer Market Update in North America, August 27, 2007

Hurricane Dean stayed south avoiding America's key petrochemical infrastructure in the gulf area. This was a great relief to the energy markets, which had built in a weather premium during the previous week. The resin markets also reacted this past week by developing a slightly ...

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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