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Withdrawal of tax break in the Budget to reduce profitability at IOC's Paradip project

India's Union Budget has proposed to end the seven-year income-tax holiday for refineries that start operations after April 2009. Withdrawal of tax holiday to new refineries that has been announced in the Budget, has got state refiner IndianOil Corporation worried. The move will ...

Crude prices hit 108 dollars

NEW YORK, March 10 (Xinhua) -- Crude oil futures surged above 108 U.S. dollars a barrel Monday on weak dollar and expectation that Fed would cut interest rates again. Light, sweet crude for April delivery rose 2.70 dollars to 107.85 dollars on the New York Mercantile Exchange ...

Crude hits new high before closing slightly lower

NEW YORK, March 7 (Xinhua) -- Crude-oil futures hit a new record high of 106.54 dollars a barrel on Friday before closing slightly lower, as the dollar fell anew. Crude oil for April delivery gained more than 1 dollar to an intraday high of 106.54 dollars a barrel on the New York ...

OPEC weekly oil prices drop below $100

VIENNA, March 25 -- The weekly average oil prices of the Organization of Petroleum Exporting Countries (OPEC) dropped slightly to 99.47 U.S. dollars per barrel (dpb) last week, the Vienna-based cartel said Tuesday. Daily prices dropped for four trading days consecutively, from ...

Slowdown in US growth leads to oil price drop

Global crude oil prices have dipped to hover around US$100, largely on the back of slower growth in the United States, the world's largest economy- likely to take a toll on oil demand. As per last weeks' report by the OECD, it was suggested that the American economy was ...

Indonesia to import 30% of ethylene requirement in the year

Indonesia has only one ethylene producer in the country - PT Chandra Asri Petrochemical Center with an annual capacity of 590,000 tons. Polyethylene industry in the country, however, has additional requirement of ethylene, for which it depends on imports. Almost 30% of its ...

Siemens system to treat ethylene spent caustic at RLOC in Qatar

A Zimpro wet air oxidation (WAO) system supplied by Siemens Water Technologies will treat ethylene spent caustic at a grassroots ethylene production plant in Ras Laffan Industrial City, Qatar. Part of a joint venture agreement between Q-CHEM-II, Qatofin and QP, the Ras Laffan ...

US bag recycling hits record in '06 - trade group

HOUSTON--US plastic bag and film recycling increased significantly in 2006, setting a record, a trade group said on Tuesday. Recyclers recovered 812.01m lb (386,000 tonnes) of plastic bags and other films in the period, the most recent figures available, according to a report by ...

UM physicists show electrons can travel over 100 times faster in graphene than in silicon

26 Mar 2008 - University of Maryland physicists have shown that in graphene the intrinsic limit to the mobility, a measure of how well a material conducts electricity, is higher than any other known material at room temperature. Graphene, a single-atom-thick sheet of graphite, is ...

3E Company and The Redstone Group Partner to Help Companies Achieve REACH Compliance

26 Mar 2008 - 3E Company(R) and The Redstone Group, LLC announced a non-exclusive partnership aimed at helping companies comply with Europe's Registration, Evaluation and Authorization of Chemicals (REACH) regulatory framework for chemical substances. As a result of the ...

Karpatneftekhim builds PVC plant

The Ukrainian petrochemicals company Karpatneftekhim, part of Russia's Lukoil Group chemicals division Lukor-Neftekhim, has begun construction of a new PVC plant in Kulush, Ukraine. Run by Lukoil's Ukrainian Zao Lukor subsidiary, the Kulush-based firm is investing the equivalent ...

BASF biodegradable plastic for Latin America

25 March 2008 BASF s latest biodegradable plastic material Ecobras is a blend of the firm s Ecoflex aliphatic aromatic co-polyester and a vegetable polymer derived from corn flour. This contrasts to BASF s launch of its Ecovio material, created by blending Ecoflex and polylactide ...

Iraqi forces battle for control of oil city

BASRA, Iraq - Iraqi security forces battled fighters loyal to Shi'ite cleric Moqtada al-Sadr in Basra on Tuesday in a drive to win control of the southern oil city, triggering a wave of violence in Baghdad and other cities. Police and health workers said at least 12 people were ...

Chinese steel mills face higher ore costs

China's business press carried the following stories on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy. Chinese steel mills face higher ore costs -- China Business News Chinese steel producers face higher iron ore costs as major ore ...

Kuwait, Shell refinery JV in China likely to go onstream in Jan 2010

Through a joint venture with Kuwait Petroleum Corporation (KPC) and Royal Dutch Shell Plc., Sinochem Corp. is to begin processing Kuwait's crude at its planned refinery in East China in January 2010. Negotiations are through with KPC for crude supply, and the project awaits ...

Itochu Corporation Japan, invests in Narendra Plastic

Itochu Corporation, Japan, a conglomerate listed in Fortune 500, with total trading transactions of over US$ 95 billion has bought a 30% stake in Narendra Plastic Pvt. Ltd. Established in 1975, Narendra Group is ISO 9001:2000 certified and one of the largest manufacturer and ...

PetroChina's expanded refinery in Dushanzi to start trial runs in August

PetroChina Co Ltd.'s expanded refinery in Dushanzi (in Northwest China's Xinjiang region) will commence trial runs in August. Upon completion of construction, the plant will be China's largest refinery and petrochemical complex, with oil processing capacity of 10 mln tpa, and ...

Steel mills accept quarterly price

China's business press carried the following stories on Monday. China.org.cn has not checked the stories and does not vouch for their accuracy. Steel mills accept quarterly price Shanghai Securities News Although an official agreement is yet to be signed, some domestic steel ...

Lab21 acquires NPTech Ltd and appoints corporate advisors for European M&A activity

27 Mar 2008 - Lab21 has acquired NPTech Ltd, an independent clinical laboratory company providing diagnostic testing services for the NHS and private healthcare providers in the UK and parts of Europe. The acquisition of NPTech, in an undisclosed financial transaction, significan...

INEOS ChlorVinyls Announces Sale of its Packed Chlorine Business to BOC

27 Mar 2008 - INEOS ChlorVinyls has announced it has reached an agreement to sell its Packed Chlorine business to BOC (recently acquired by The Linde Group). The value of the deal is not disclosed. The sale consists of the Packed Chlorine production facilities at Runcorn Site ...

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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