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Coal firm seeks funds to expand

BEIJING, Sept. 24 -- China Shenhua Energy Co, the nation's largest coal producer, plans to raise 66.6 billion yuan (8.9 billion U.S. dollars) to fund expansion in what may be the nation's biggest share sale this year. The company will sell as many as 1.8 billion shares for ...

Dow Polyurethanes to acquire Denmark's Edulan A/S

Midland, MI - Dow Chemical has announced that it will acquire Danish company Edulan A/S, an independent polyurethane systems house specializing in rigid foam and elastomer technologies. The deal, which is subject to regulatory approval, will expand Dow Polyurethane Systems, a ...

Polimeri Europa declares Force Majeure on LLDPE

Italy's Polimeri Europa has declared force majeure (FM) to customers of its 250,000 tpa LLDPE plant at Brindisi, Italy. The plant is off line due to technical problems, and is expected to restart in mid-October.

US weekly rail chemical traffic rises 6.1%

TORONTO (ICIS news)--US chemical railcar traffic rose 6.1 % in the week ended 6 October, compared with the same period in 2006, the Association of American Railroads (AAR) said on Thursday. Chemical railcar loadings for the week rose to 29,990, from 28,263 in the same week last ...

Reliance Industries Ltd offers 80,000 ton naphtha cargo

Reliance Industries Ltd has offered an 80,000 ton naphtha cargo for Nov. 7-9 loading by spot tender, as per trading sources. The closing date and validity for the tender was not immediately available, but a limited number of companies have been invited, as per the traders. ...

China becomes world's largest PP Importing Country

China has become the largest polypropylene net import country in the world as per a report by Research and Markets. Yet, due to the rapid growth in domestic output, the import dependence degree has been declining on the whole, from 49.2% in 1995 to 34.6% in 2006. Currently, an ...

QPI signs MOU with MOL to develop projects world wide

Qatar Petroleum's international arm Qatar Petroleum International (QPI), has signed an MoU with Hungarian oil and gas major MOL to jointly develop upstream and downstream hydrocarbon and petrochemical projects worldwide. The two companies plan to jointly explore business ...

BASF THF plant in Caojing ready for restart

The mothballed BASF plant for the manufacture of tetrahydrofuran (THF) at the Caojing site near Shanghai, China, is ready to go back on stream. The plant is now equipped with a new production unit enabling the alternative use of butane diol (BDO) as a raw material for THF ...

BASF to increase prices for polymer dispersions and powders

Effective October 15 of this year, or as contracts allow, BASF will increase prices in Europe for polymer dispersions and additives by Euro40 to Euro60 per metric ton and for polymer powders by Euro80 to Euro100 per metric ton. The reasons for these increases are continuously ...

Cytec Announces Price Increases on its Amino Resins in North and South America

West Paterson, NJ, October 8, 2007 Cytec Industries Inc. (NYSE:CYT) announced today to its customers that it is increasing prices in North and South America on its CYMEL , MELMAC , BECKAMINE , and UFORMITE amino resins. The increases will take effect on all shipments on or after ...

Macao's natural gas import delayed to December

MACAO, Oct. 10 (Xinhua) -- Macao's natural gas import plan has been delayed until December, local media reported Wednesday. The Macao Post Daily quoted Michael Tong Seak Kan, executive director of Sinosky Energy, as saying that the import scheme, which was slated to start by the ...

French energy regulator seeks views on gas grid tariffs by Nov 9

French energy regulator CRE has launched a process of public consultation on the principles for setting tariffs for use of the French gas distribution network, CRE said in a statement Friday. Responses are invited before November 9. The current tariffs were proposed by CRE in ...

NYMEX front-month crude hits $84.00/barrel for first time

NYMEX front-month crude reached $84.00/barrel for the first time Friday when the November contract rallied 92 cents on the trading floor to reach that mark. A combination of unexpected stocks draw, as reported Thursday by the US Energy Information Administration, and geopolitical ...

Showa Denko to upgrade Oita ethylene facility

Showa Denko plans to upgrade its ethylene facility at the Oita petrochemical complex to boost the plant's energy efficiency and cost competitiveness and lower carbon dioxide emissions. Work on the upgrade will commence in 2008 with completion estimated after the maintenance ...

Taiwan's Formosa Plastics Group plans TWD 782.8 bln investments in 5 yrs

Formosa Plastics group plans to invest 782.8 bln twd in the next five years; between 2007 and 2011. This will comprise an investment of 706.8 bln for domestic investments and 76.0 bln overseas. The domestic investments include over 10 bln twd for capacity expansion of 12-inch ...

BASF projects 10% growth in China region sales for 2007

German chemicals group BASF estimates sales in the greater China region to grow more than 10% in 2007, as it continues to expand in mainland China to benefit from a booming economy. Sales in greater China, which includes Hong Kong and Taiwan, totaled to 3.6 bln euros (US$5 bln) ...

Ineos Nova to shut down Montreal polystyrene plant

Bogged down by high costs and overcapacity in the system, Canada's only polystyrene production facility will close by year-end. Nova Chemical Corp. had partnered with global petrochemicals giant Ineos to create Ineos Nova. The Montreal facility produces 54 million kilograms of ...

Demand for naphtha to drop as Thai PTT changes over from costly feedstock to cheaper gas

Demand for naphtha is estimated to dip in Thailand as more petrochemical firms plan to switch from the costly feedstock naphtha to cheaper gas. New Thai olefin plants are increasingly using ethane as their raw material, as gas prices are more stable than naphtha prices. Naphtha ...

Indian oil firm urges shifting Palk Bay exploration project

NEW DELHI, Oct. 13 (Xinhua) -- India's oil and natural gas corporation (ONGC) has called for shifting its shallow-water oil exploration project in the Palk Bay, saying the present site falls under marine biosphere, the Press Trust of India (PTI) reported Saturday. "We have only ...

Crude ends at record 83.69 dollars

NEW YORK, Oct. 12 (Xinhua) -- Crude oil futures finished at a new record high Friday, after briefly trading above the 84-dollar-a-barrel level for the first time ever. Crude for November delivery ended at 83.69 U.S. dollars on the New York Mercantile Exchange. Earlier 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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