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Crude prices rally on consumer spending report

NEW YORK, Dec. 21 (Xinhua) -- Crude prices rallied Friday as the U.S. government reported that consumer spending surged last month. The Commerce Department said consumer spending jumped 1.1 percent in November, the biggest one-month gain since 2004 and well above analyst ...

"The chemical industry is the engine for innovation in Europe", says High Level Group on Chemicals

21 Dec 2007 - At the High Level Group meeting, commissioners, ministers, business leaders and stakeholder representatives discussed and agreed on the report and accompanying recommendations paving the way for the future innovation and the competitiveness of Europe. The chemical ...

US BLM plans to open 1.9 million acres to oil shale development

The US Bureau of Land Management plans to devote 1.9 million acres of public land for possible commercial oil shale development leasing, the agency announced Thursday. Deposits of oil shale on public lands in the immense Green River Formation of Colorado, Utah and Wyoming would ...

Gasoline prices expected to dip under 3-dollar mark

LOS ANGELES, Dec. 21 (Xinhua) -- Gasoline prices are expected to be under three dollars a gallon by year's end in Southern California which has the highest prices in the United States, after falling for the fourth consecutive week. But Christmas holiday trips will still cost ...

China exports more oil production equipment as oil price abroad shoots upward

BEIJING, Dec. 23 (Xinhua) -- China sold abroad 3.25 billion U.S. dollars worth of oil production equipment and related products, including drilling machines and spare parts and steel oil pipe, in the first three quarters of this year, an increase of 67.4 percent on the same ...

Gas output of China's Tarim oilfield to increase by 40%

URUMQI, Dec. 21 (Xinhua) -- The Tarim oil field in northwest China's Xinjiang is expected to produce 15.5 billion cubic meters of natural gas this year, up 40 percent year-on-year, company sources said. The field had produced 15 billion cubic m of gas as of Dec. 20, according to ...

BASF raises prices for butylamines

BASF is raising its prices for butylamines in Europe with immediate effect unless existing contracts state otherwise. The markups are due to the significantly increased costs for raw materials. Product / Euro/t Mono-n-butylamine / + 50 Di-n-butylamine / + 50 Tri-n-butylamine / + ...

JGC Corp awarded ethylene plant order in Saudi Arabia

Japanese engineering company JGC Corp has been awarded an order to construct an ethylene plant in Saudi Arabia to be completed by mid-2011. The 200 bln yen order is one of the largest independent contracts ever awarded to a Japanese plant engineering company. The new plant will ...

Bayer MaterialScience to acquire polyurethanes systems business in Greece

Bayer MaterialScience and Dr. D. A. Delis AG polyurethanes business have inked a preliminary agreement to transfer ownership of the company to Bayer Hellas. The business will be integrated into the worldwide network of the polyurethanes systems houses of Bayer MaterialScience ...

Haldia Petro to develop downstream business opportunities caused at proposed chemical hub at Nayachar

In an effort to improve its margins and reduce costs, Haldia Petrochemicals Ltd (HPL) plans to develop downstream chemicals business opportunities expected at the proposed chemical hub at Nayachar. To be built at an initial investment of Rs 600 crore, this will also help create a ...

Fire at Mitsubishi's ethylene plant to shutter unit for 3-4 months

Last week's fire at Japan's largest ethylene plant, operated by a unit of Mitsubishi Chemical Holdings, is to shut the core facilities for at least three to four months. It is still unclear which facilities are to be shut at the Kashima plant, near Tokyo. The closure, caused by a ...

Iraq warns S Korea against Kurdish region oil exploration

SEOUL, Dec. 24 (Xinhua) -- Iraq has issued a warning, saying that it may cut off oil exports to South Korea unless South Korean energy companies halt oil exploration in the Kurdish region, South Korea's Yonhap News Agency reported on Monday. The Iraqi government has given SK ...

Oil prices rise above $94

NEW YORK, Dec. 24 (Xinhua) -- U.S. oil prices rose higher Monday above 94 dollars a barrel in pre-Christmas trade, with many dealers away from their desks for Christmas holiday celebrations. Light, sweet crude for February delivery rose 82 cents to settle at 94.13 dollars a ...

Eastman Increases Ketones Prices on January 1

KINGSPORT, Tenn., Dec. 20, 2007 - Eastman Chemical Company is increasing prices on the following products effective Jan. 1, or as contracts allow. These increases are due to elevated operating costs, particularly in raw materials, energy and freight. Eastman MPK Eastman MPK-SG ...

Eastman Increases Plasticizers Prices on January 1

KINGSPORT, Tenn., Dec. 19, 2007 - Eastman Chemical Company is increasing prices on the following products effective Jan. 1. These increases are due to increased market demand and operating costs, particularly in raw materials, energy and freight. EASTMAN Plasticizers as follows: ...

The majority of consumers view the development of nanotechnology favourably

21 Dec 2007 - The majority of consumers view the development of nanotechnology favourably. However, many are against the use of nanoparticles in food. This is one of the results of a representative survey of 1,000 consumers commissioned by the Federal Institute for Risk ...

Mitsubishi to license CO2 recovery technology to GPIC in Bahrain

Mitsubishi Heavy Industries, Ltd. (MHI) has singed a license agreement for carbon dioxide (CO2) recovery technology with Gulf Petrochemical Industries Company (GPIC) in Bahrain. The recovery plant is slated for completion on January 2010. The recovery units can capture 450 metric ...

Rompetrol Petrochemicals completes HDPE upgrades at US$14.5mln

Rompetrol Petrochemicals has successfully completed upgrades at its 60,000 tpa high density polyethylene line at Constanta, Romania, at an investment of US$14.5 mln on new equipment. Rompetrol plans to invest over US$170 mln for the petrochemical expansion.

Leaders of Caribbean countries meet on regional oil exchange program

HAVANA, Dec. 21 (Xinhua) -- Leaders from 17 Central American and Caribbean countries gathered Friday in the Cuban city of Cienfuegos to discuss Venezuela's plan to provide cheap oil to Caribbean countries on flexible payments. The leaders had a series of closed-door meetings, ...

10th anniversary of BASF's neopentyl glycol plant

The neopentyl glycol (NPG) plant of BASF at Ludwigshafen has turned 10 this year. BASF had started up a world-scale plant in 1997, replacing a much smaller facility. In 2007, the capacity of this plant was raised by 10,000 metric tons per annum. This expansion is due to the fact ...

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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