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US Treasury implements sanctions against Belarus' largest petrochemical conglomerate

The US Treasury is to implement sanctions against Belarus's biggest petrochemical conglomerate, as it is controlled by the country's "oppressive" president. The US government has been critical of President Alexander Lukashenko's leadership of the ex-Soviet Republic for almost a ...

Formosa resumes production at No.2 ethylene plant

Formosa Petrochemical Corp. has resumed production at its No. 2 ethylene plant in Mailiao shut since September 26. Formosa has restarted the facility on November 8. after 44 days of maintenance. Formosa Petrochemical cut naphtha purchases and supplies of ethylene from its 1.03 ...

Price trends of oil, polymer feedstock & commodity polymers in Asia for the week of November 12, 2007

SUMMARY Crude oil futures for November delivery spiked past US$96 a barrel on the New York Mercantile Exchange amid concerns about supplies due to OPEC's apparent reluctance to pump more crude into the market and a weak US dollar. Naphtha prices continue rising in line with ...

BASF increases capacity for epsilon-caprolactone

BASF will begin expanding its production capacity for epsilon-caprolactone (CLO) with a first project to raise its annual capacity by up to 2,000 metric tons in 2008. In line with market growth, further capital has been earmarked for projects to expand CLO and its value chain in ...

Eastman Increases OXO Alcohols Prices on December 1

KINGSPORT, Tenn., Nov. 15, 2007 - Eastman Chemical Company is increasing prices on the following products effective Dec. 1, or as contracts allow. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. EASTMAN Propionic Acid, All ...

Polystyrene Market Update in North America, November 12, 2007

Volume: Average Price: Steady Spot Polystyrene prices were mostly steady this week, perhaps a little higher, again approaching $.80/lb for Prime HIPS, with GPPS just a couple cents behind. We have noticed offers beginning to accumulate at this higher level, which might signal ...

Polypropylene Market Update in North America, November 12, 2007

Volume: Fair Price: Higher The spot Polypropylene market continues to drudge higher, adding another half-cent or so this past week. With Propylene costs still hovering in record territory, Polypropylene producers have revised November prices increase intentions to $.08/lb. RGP...

Eastman Increases Glycol Ethers and Glycol Ether Esters Prices on December 1

KINGSPORT, Tenn., Nov. 12, 2007 - Eastman Chemical Company is increasing prices on the following products effective Dec. 1, or as contracts allow. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. Eastman EB Solvent: Off-list ...

Exxon to put chemical production plants in Mideast, Asia

BEIJING, Nov. 14 -- Exxon Mobil Corp plans to focus its chemical investments in the Middle East and Asia, where production costs are lower and developing economies are expanding more than three times faster than the United States. The company is spending "multi-billions" to ...

PolyOne to acquire specialty thermoplastic elastomer compound maker GLS Corp.

PolyOne Corp. has signed a definitive agreement to acquire GLS Corp., a provider of specialty thermoplastic elastomer compounds. GLS is a privately-held company owned by the Dehmlow family, based in McHenry, Ill., and has manufacturing facilities in Illinois and Suzhou, China. ...

ExxonMobil invests for specialty elastomer growth in China and Asia Pacific

ExxonMobil Chemical Company has recently made a number of customer-focused investments for its specialty elastomers portfolio in the rapidly growing Asia Pacific region. Customers in mainland China can now buy the full portfolio of Santoprene thermoplastic vulcanizates (TPVs) ...

Report: Russia oil output to rise modestly over next few years

WASHINGTON, Nov. 16 (Xinhua) -- Russian oil output will grow only modestly over the next few years, and the government is considering new tax breaks to stimulate investment and boost production, The Wall Street Journal reported on Friday. Russia, the world's No. 2 crude exporter ...

U.S. energy official: Sino-U.S. biofuel agreement in the works

BEIJING, Nov. 16 (Xinhua) -- China and the United States are drafting a biofuel agreement that will likely be signed in December, a visiting U.S. senior energy official said here on Friday. It will focus on sharing knowledge and technology to reduce greenhouse gas emissions. "We ...

U.S. crude-oil futures end above 95 dollars

NEW YORK, Nov. 16 (Xinhua) -- U.S. crude-oil futures closed above 95 dollars on Friday, rebounding from their drop in the previous session when the Energy Department reported an unexpected rise in crude inventories. Crude oil for December delivery rose 1.67 dollars to end at 95...

Dow Increases Prices for Triethylene Glycol and Tetraethylene Glycol in North America

Midland, MI - November 15, 2007 The Dow Chemical Company announced today that it will increase list and off-list prices in North America by US$.05 per pound for all grades of both Triethylene Glycol (TEG) and Tetraethylene Glycol (Tetra EG). These announced price changes are ...

BASF raises prices of carboxylic acids and mixtures

Effective immediately, or as existing contracts permit, BASF is raising its prices for formic acid, 2 ethylhexanoic acid, Isononanoic acid, propionic acid and mixtures based on formic acid and propionic acid in Europe. Formic acid, 85% / + 100 Euro/t Formic acid, 99 % / + 120 ...

Dow Epoxy Raises Allyl Chloride Prices in North America

Midland, MI - November 15, 2007 Dow Epoxy, a global business unit of The Dow Chemical Company and its affiliates ( Dow ), today announced list and off-list price increases for Allyl Chloride of US$0.05 per pound in North America (including Mexico). The price increases are ...

China's finished steel output may be overstated by 100 million mt

China's finished steel output may be overstated by 100 million mt/year, a leading steel analyst told Platts Thursday. The country's crude steel production for October was 42.92 million mt, according to a report published on the National Bureau of Statistics of China web site ...

GreenGran to start natural fibre reinforced compounds production

15 November 2007 Dutch company GreenGran is starting full production of its injection mouldable 30-70% natural fibre reinforced polypropylene compounds in southern Germany this month. The spin-off from the University of Wageningen in The Netherlands will commence production ...

U.S. oil ends above 94 dollars

NEW YORK, Nov. 14 (Xinhua) -- U.S. crude-oil futures closed up 2.92 dollars to 94.09 dollars on the New York Mercantile Exchange on Wednesday. This was because estimates show that U.S. crude inventories may decline for a fourth week and as the Organization of the Petroleum ...

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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