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EVENING SNAPSHOT - Americas Markets Summary

HOUSTON Here is Thursday s end-of-day Americas oil and chemical market summary from ICIS pricing. CRUDE: April WTI $97.77/bbl (down 46 cents), April BRENT $96.24/bbl (down $2.18)US crude futures slipped substantially in after-hours electronic Globex trading, following an ...

Analyst sees $75 oil possible in a few years

WASHINGTON (ICIS news)--World oil prices could moderate to the $75/bbl range in coming years with increased consumption efficiencies, production innovations and reduced geopolitical tensions, a leading energy analyst said on Monday. Jim Burkhard, managing director for global oil ...

Air Liquide to triple its silane production capacity in Japan

10 Mar 2008 - Silane (monosilane, SiH4) is a high purity gas that has become a key material in the manufacture of semiconductors, flat panel displays and photovoltaic solar cells. In a global market growing at more than 25% per year, Air Liquide is today the world leader with ...

TransAlta to sell two plants in Mexico for $303.5 million

Seattle--TransAlta has agreed to sell for $303.5 million two natural gas-fired plants in Mexico -- totaling 511 MW -- to InterGen Global Ventures, the Calgary-based company said Wednesday. In the deal are the 252 MW Campeche plant, the 259 MW Chihuahua plant and associated ...

China ban highlights need to invest in waste management

7 March 2008 - China s ban on plastic waste shows the need for the government to invest in plastics recycling, argued key UK industry figures. While China has not said why it imposed the ban it is thought the move is designed to halt the flow of low grade plastics material into ...

Oil prices steady after spiking to fresh record level of US$106

After nearing a record US$106 a barrel, oil prices have stabilized. Stability was achieved as investors reacted to a surprise drop in US crude supplies and a fresh drop in dollar values against the euro. OPEC's decision to maintain output and rising tensions on Venezuela's border ...

Arabi Enertech to win contract to provide maintenance services for PIC

Subject to approval, Arabi Enertech seems poised to win a contract to provide maintenance services for state-owned Petrochemical Industries Company (PIC). Approval is being sought by the central tenders committee for the KD6.9 mln (US$25 mln) bid. Arabi submitted the low bid for ...

Researchers engineer new polymers to change their stiffness and strength when exposed to liquids

10 Mar 2008 - An interdisciplinary team of researchers from the departments of macromolecular science and engineering and biomedical engineering at the Case School of Engineering and the Louis Stokes Cleveland Department of Veterans Affairs Medical Center has published ground...

Rising capital costs, global equipment and manpower shortage to slow investment in Indian petrochem sector

Rising capital costs and global equipment and manpower shortage have decelerated investments in the Indian petrochem sector. The Rs 65,000 crore Indian petrochemical sector has announced capacity expansion programs to the tune of 3 mln tons over the next 3-4 years. The expansion ...

PetroChina plans maintenance shutdown at Lanzhou refinery

PetroChina plans to shutdown its refinery at Lanzhou in May, investing to improve fuel quality and expand petrochemical capacity. The shutdown will cut output by up to 500,000 tons. An expansion completed last year brought refining capacity to 10 mln tpa, equivalent to around 200...

Mitsubishi unclear about restart of No 2 ethylene plant

Mitsubishi Chemical Corporation seems unclear about the restart of operations at its No 2 ethylene plant. Since a fire accident occurred on December 21, 2007, operations have been suspended at the No. 2 Ethylene Plant oat Kashima after the suspension order by the Fire Defense ...

Gasoline prices poised to set a new record

Gasoline prices seem poised to set a new record, surging to within half a cent of their record high of $3.227 a gallon. Concurrently, oil prices spiked past US$108 to a new inflation-adjusted record high on wholesale inventories. Crude prices surged to yet another record on ...

Dow Polyurethanes Breaks Ground on Polyols Expansion in Terneuzen

12 Mar 2008 - Dow Polyurethanes, a business group within The Dow Chemical Company and its subsidiaries (Dow), announced that Dow has broken ground on a major capacity expansion at its polyols plant in Terneuzen, The Netherlands. Dow's investment in the Terneuzen facility will ...

Europe PE buyers bank on price fall

LONDON (ICIS news)--Polyethylene (PE) players are noting a slowdown in activity amid offers of cheaper imported material in March, leading to some buyers expectations of lower prices for the first time in many months, market sources said on Monday. This is the first time for ...

US raises forecast for oil, gas prices this year

WASHINGTON (ICIS news)--The average price of US benchmark crude oil this year will be sharply higher than the amount estimated just a month ago, and the forecast cost of natural gas also is being revised upward, top Energy Department officials said on Tuesday. The Energy ...

Celanese Opens New Technology Center in Houston, Texas

As part of its commitment to innovation and technical solutions for North American Marketplace, Celanese has announced the opening of its Houston Technology Center (HTC) for the emulsion polymers and polyvinyl alcohol (PVOH) businesses. The facility, which will house both the R&D ...

Oil prices dip under US$105 as tensions ease between Venezuela and Colombia

As tensions eased between Venezuela and Colombia, oil prices dipped under US$105 a barrel. Over the weekend, Venezuela is reported to be restoring full diplomatic ties with Colombia after they were broken off following a cross-border Colombian attack on a leftist rebel camp in ...

Hollow objects with demanding requirements made of POM by extrusion blow molding

BASF's new Ultraform E3120 BM allows hollow objects with demanding requirements to be made of polyoxymethylene (POM) by means of extrusion blow molding. When compared to containers made of polyethylene (PE), they display considerable better barrier properties against gases such ...

Stratospheric ozone chemistry plays an important role for atmospheric airflow patterns

11 Mar 2008 - Interactions between the stratospheric ozone chemistry and atmospheric air flow lead to significant changes of airflow patterns from the ground up to the stratosphere. This is the result of climate simulations, which have just been published in the journal ...

Claims plastic bags kill marine life are rubbished

Scientists and greens say bag bans make people feel good but achieve nothing . 10 March 2008 - Scientists and Environmentalists told a UK-based daily newspaper that there is no research proving that plastic bags kill large numbers of marine creatures each year. They told 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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