industry

SINGAPORE--Chinese melamine makers have a competitive edge over foreign rivals amid rising urea prices but buyers were torn between lower cost and quality products, industry sources said on Wednesday. A two-tier pricing market currently exists, with Chinese produce cheaper than ...
VIENNA -- The Organization of Petroleum Exporting Countries (OPEC) oil ministers have decided to cut the group's output by 520,000 barrels per day (bpd) in the next 40 days, OPEC President said Wednesday. Chakib Khelil, who is also Algerian oil minister, said "I think if you do ...
As per a report provided by Townsend Polymer Services and Information, the plastic additives industry worth US$32 bln in 2007 is witnessing drastic changes such as boost in demand from emerging markets, maturity in the product life cycle, globalization, inexpensive supplying from ...
New elastic nonwoven technology by Kraton Polymers LLC, a global producer of engineered polymers, will make it possible for the polymers to be processed at commercial production rates with outstanding elastic properties. The new product, MD6705 will allow fabricators to make ...
WASHINGTON - Four U.S. oil refineries with a total capacity of 617,000 barrels per day (bpd) remain shut down in the aftermath of Hurricane Gustav, the U.S. Energy Department said on Monday. Nine oil refineries, with a capacity of 2.021 million bpd, are now restarting, the ...
HOUSTON - Energy companies are delaying the restart of offshore oil and natural gas production from the Gulf of Mexico in the wake of Hurricane Gustav and preparing for another round of evacuations as a second giant storm threatens to batter the region. The one-two punch from ...
VIENNA - Cutting oil output now would be unjustified given the approach of peak winter demand, al-Hayat newspaper reported on Tuesday, quoting a senior OPEC source who also said prices were near a level that reflects market fundamentals. The comments will reinforce expectations ...
YANGON -- A Myanmar's oil company and a Russian one will jointly explore oil and gas in two onshore areas in Myanmar, the state-run newspaper New Light of Myanmar reported Tuesday. According to a production sharing contract signed last weekend between the state-operated Myanmar ...
Sinopec Tianjin Petrochemical Co. Ltd. has shuttered its BTX plant for a 40 day turnaround until second half of October. Capacities that will be affected include: 145,000 tpa of benzene, 135,000 tpa of toluene and 400,000 tpa of xylene. The 200,000 tpa ethylene cracker will also ...
New York's main contract, light sweet crude for delivery in October spiked by over two dollars to US$108.6 a barrel. Brent North Sea crude for October rose to US$106.6. Oil prices have climbed up on concerns that Hurricane Ike is likely to threaten production facilities in the ...
NEW YORK - The U.S. energy sector made slow progress on Thursday in its recovery from Hurricane Gustav with some 25 percent of U.S. crude oil production and 11 percent of U.S. refining still shut in the storm's wake. Production shutdowns in the Gulf of Mexico have already cut 7.4 ...
A graduate from UK's Royal College of Art, has unveiled the concept of reusing packaging made of polypropylene, which can be easily rolled up and returned. Will's particular method of forming the boxes in such a way that they can be collapsed and rolled up for return has been ...
Demand for biodegradable plastic in the US is forecast to expand nearly 16% pa to 720 million pounds in 2012, valued at US$845 million, as per a report by Freedonia. Average prices will continue to decline as a result of higher capacity and greater production efficiencies, as ...
MOSCOW -- The Russian government foresees no surges in gasoline prices in the near future, Deputy Prime Minister Igor Sechin said Wednesday. "Gasoline prices are already declining, and no steep hikes are anticipated. It would be good if the prices remain stable," said Sechin, who ...
IChemE (Institution of Chemical Engineers) and BP have teamed up to publish a new series of animations designed to aid safety learning through past incidents and experiences. An extension of IChemE and BP s book publishing venture, the animations can be used as standalone ...
INEOS Bamble AS and Puralube Nordic AS (a joint venture between Norsk Spesialolje AS (NSO) and Puralube GmbH) have announced an agreement to locate a new environmentally friendly lubricant oil production plant on the INEOS site at R nningen, Bamble, Norway. The new plant, which ...
LONDON - Oil rose $2 on Wednesday as concerns about U.S. fuel supply outweighed anxiety about the U.S. government's $700 billion plan to rescue the finance industry. U.S. crude traded up $2.00 to $108.61 a barrel by 6:21 a.m. EDT, while London Brent crude gained $1.80 to trade at ...
ANCHORAGE, Alaska - Five companies bid $30.9 million Wednesday for rights to search for oil and gas in the National Petroleum Reserve of Alaska, a vast but lightly explored federal land holding on Alaska's North Slope. The lease sale is the fifth held in the region by the U.S. ...
WASHINGTON - Energy Secretary Sam Bodman said on Wednesday a record surge and the following retreat in crude prices this week was not driven by supply and demand factors. "It was clearly not a fundamental where the value of a barrel of oil dropped by $20 or so between 5 o'clock ...
SINGAPORE--The Chinese petrochemical industry seems to have missed the traditional rally ahead of the Golden Week holidays as the widespread bearish sentiment forced prices to remain depressed, market sources said on Wednesday. The country celebrates the Golden Week in the first ...
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 ...
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 ...
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 ...
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 ...