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CPCIA: China's crude oil output to reach 186 million tons in 2007

BEIJING, Dec. 19 (Xinhua) -- China Petroleum and Chemical Industry Association (CPCIA) forecast on Wednesday that the country's crude oil output would reach 186 million tons in 2007, up 1.5 percent year-on-year. Meng Quansheng, vice chairman of the CPCIA, made the remarks at an ...

Shin-Etsu Chemical develops rapid cure silicone rubber

17 Dec 2007 - Shin-Etsu Chemical Co., Ltd. has newly developed and begun sales of rapid cure silicone rubber that cures 5 times faster than the company's conventional high-consistency rubber (HCR) grade products, according to the company. Two kinds of this newly developed product ...

Japan Energy Group commissions new petrochemical complex at Kashima

Japan Energy Group's subsidiary, refiner Kashima Oil has commenced operations at its JPY70 bln petrochemical complex at the Kashima refinery. Facilities at the complex include a 60,000 bpd condensate splitter, a 420,000 tpa paraxylene unit, a 20,000 bpd catalytic reformer, a 190...

Thai-led alliance to develop oil refinery and petrochemical complex in Vietnam

Companies from Thailand, China, Australia, Malaysia and the United Kingdom plan to develop a multi-billion dollar crude oil refining and petrochemical complex with annual capacity of 7-8.4 million tons of crude oil in Vietnam 's central Thanh Hoa province. A memorandum of ...

Ecuador, Venezuela agree to explore gas in Guayaquil Gulf

QUITO, Jan. 7 (Xinhua) -- Energy ministers from Ecuador and Venezuela Monday signed a statement of intent to begin gas exploration in the Gulf of Guayaquil. Ecuadoran Energy Minister Galo Chiriboga said that state company Petroleos de Venezuela would assume exploration costs of ...

Formosa Plastics Group's core companies generate record turnover in 50 years

Formosa Plastics Group's (FPG) four core companies : Formosa Plastics Corp., Nan Ya Plastics Corp., Formosa Chemicals and Fiber Corp., and Formosa Petrochemical Corp. have together generated a turnover of NT$1.35 trillion (US$41.49 bln) in 2007. This is the highest turnover ...

US business leaders urge offshore energy action

WASHINGTON (ICIS news)--Congress must find an environmentally friendly way to develop abundant US oil and gas resources in order to ensure energy supply security that is essential to the country's economy, a top business leader said on Tuesday. Thomas Donohue, president of the US ...

Dow Chemical Increases Prices for Carpet Latex Technologies in North America

Midland, MI - January 08, 2008 Effective February 4, 2008, the Dow Carpet Latex business is increasing the prices of all styrene butadiene (S/B) latex and acrylic latex products sold into the carpet industry by US$0.05/lb (dry) in the United States and Canada. We are implementing ...

Richards Bay Coal Terminal expands to 76 million mt/year

South Africa's Richards Bay Coal Terminal has expanded its export capacity to 76 million mt/year effective January 1, 2008 to accommodate more blackowned mining companies, although the terminal was able to export only 66.15 million mt in the twelve months to December 31, 2007. ...

NYMEX crude opens 39 cents higher on Iran news

February crude futures on NYMEX opened 39 cents higher at $98.30/barrel Monday after being down as much as 80 cents/b in overnight trading, after news that Iranian gun boats came with 200 yards of three US war ships in the Strait of Hormuz on Sunday stopped the overnight selloff. ...

Teknor Apex names distributor for its TPE compounds

Pawtucket, RI -- ThomasNet has reported that "The Thermoplastic Elastomer Division of Teknor Apex Co. has appointed Channel Prime Alliance to distribute its thermoplastic elastomer (TPE) compounds in the U.S. and Canada, the company announced recently. "Channel Prime Alliance has ...

US imports of LNG hit 781 Bcf in 2007, 34% above 2006 levels: EIA

The US imported about 781 Bcf of liquefied natural gas in 2007, 34% more than it did in 2006, the Energy Information Administration said Tuesday in its January Short-Term Energy Outlook. The agency said import volumes last year varied "significantly throughout the year," with the ...

Qatar's petrochem output estimated to reach 18 mln tons in 2012

EP2 which would increase Qatar Petrochemical Company (Qapco)'s annual ethylene production capacity to 720,000 tons from existing 525,000 tons expansion plan has been inaugurated in Qatar. With this additional output, Qatar is set to become one of the world's largest producers of ...

Naphtha exports from India estimated to dip on increased domestic use

Naphtha exports from India will see a 50% cut in the first part of 2008, as the naphtha will get diverted to being used as a substitute for natural gas supplies affceted by an output problem. Oil and Natural Gas Corp and top refiner Indian Oil Corp will possibly halt naphtha ...

Start of one LLDPE line by Sharq delayed in Saudi Arabia

Saudi Arabia's Eastern Petrochemical's (Sharq) has delayed the start-up of one of its linear low density polyethylene (LLDPE) plant with a 750,000 tpa capacity. Supply to Middle East and Asia will be affected, causing a paucity in the region.

BCPL seeks technology licensor for Assam gas Cracker polypropylene unit

Brahmaputra Cracker and Polymer Ltd. (BCPL) seeks a technology licensor for the Assam project (Assam Gas Cracker Complex) to construct a polypropylene (PP) unit. Engineers India Limited (EIL) has been shortlisted for the ECPM (Engineering, Procurement and Construction Management) ...

Crude falls on recession concerns in U.S.

NEW YORK, Jan. 9 (Xinhua) -- Crude-oil futures ended a volatile session Wednesday modestly lower as concerns about possible U.S. recession outweighed an eighth week drop of U.S. crude inventories. Crude for February delivery closed down 66 cents at 95.67 dollars a barrel on the ...

BASF expands plasticizers business in Asia Pacific

BASF today (January 9, 2008) outlined several key initiatives for its Asia Pacific plasticizers business. To meet growing demand for solvents and plasticizers the company plans to expand the annual production capacity of its oxo-C4 plant in Nanjing, China, by 55,000 metric tons ...

Reduced LNG import bill prompts Korea Gas to cut city gas prices

State-owned Korea Gas Corp (Kogas), which has a monopoly on the import and wholesale of LNG in South Korea, has cut prices for its city gas supply since January 1 in response to lower LNG import costs. Effective January 1, Kogas' city gas wholesale price has been reduced by 2.8% ...

Huntsman to increase polyols and polyurethane systems prices in the NAFTA region

09 Jan 2008 - Huntsman Corporation announced, that its Polyurethanes division will increase prices in the NAFTA region for JEFFOL polyols and all polyurethane systems by $0.10 per pound on February 1, 2008, or as applicable contracts allow. Huntsman said the price increases ...

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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