industry

June 21-Dow Chemical's sale of its global styrene-based polymers business-Styron-to US private equity group Bain Capital Partners was completed 17 June. The Styron business unit which includes PS, ABS, SAN polymers, styrene-butadiene latex and synthetic elastomers, EPS resins and ...
A GROWING number of chemical companies are dipping their toes into the industrial biotechnology arena - not only to go with the green flow but to counteract the volatility of the petroleum market. Germany-based specialty chemical producer LANXESS is the newest kid on the biotech ...
China's Ministry of Railways Monday called on local railway authorities to prioritize coal transport to alleviate the country's electricity shortage as peak electricity-consumption period draws near. The ministry said, on the whole, China's power supply and demand will be ...
Beijing car dealerships endured a cold, lonely Christmas after the city announced Thursday an annual automobile-registration cap that went into effect Friday but failed to immediately relieve congestion. According to the Beijing News Daily, the number of jammed roads in the city ...
June 18, China National Offshore Oil Corporation (CNOOC, 0883.HK, NYSE:CEO) last Sunday cut the wholesale price of 93-octane gasoline to RMB 7460 per ton, RMB 100 per ton less than the price of rivals PetroChina Co. Ltd. (PetroChina, 601857.SH, 0857.HK) and China Petroleum & ...
China will actively promote auto imports over the next five years to help the country restructure and upgrade its auto industry, a Chinese official from the Ministry of Commerce (MOC) said Sunday. Qian Jingfen, an official in charge of imports at the MOC's Industrial Department, ...
At present, the low-carbon economy swept the world and the clean energy area became hot again. Compared with the refined oil, the cost of methanol gasoline becomes more favorable. Both from the strategic perspective of ensuring the safety of state energy and from the reality of ...
Shanghai Automotive Industry Corp. (Group), China's largest carmaker, agreed on Friday to more than triple its annual production at its subsidiary in the eastern city of Nanjing to 1 million units within five years. SAIC Group, a partner of Volkswagen AG and General Motors, ...
A $100 million building will be constructed on the former Exxon-Mobil site to serve as the chemical company BASF s North American headquarters, according to the Rockefeller Group, owners of the property. The move will be announced tomorrow by the Rockefeller Group. BASF has been ...
The capital's new vehicle and traffic regulations will likely steer automakers toward smaller cities, experts have said. "The direct impact of cutting the annual sales from more than 700,000 vehicles this year to 240,000 next year will cause many 4S stores to shut down, causing ...
General Motors (GM) on Thursday announced that it is recalling about 109,000 vehicles due to concerns of the passenger air bag failing to deploy. The company said in a statement that the recalling covers Cadillac CTS models from the 2005-2007 model years, adding that there are no ...
Shanghai General Motors Co has decided to recall some of the imported sedans sold in China to fix faulty sensor pads that could lead to front seat passenger air bags failing to operate in a crash. The recall, set to begin Feb 2, 2011, affects 7,939 imported Cadillac CTS vehicles ...
German utility RWE's renewable unit RWE Innogy and Dutch company Topell Energy said Monday they are laying the foundation stone for the first commercial-scale plant for the production of biocoal pellets. The plant at Duiven in the Dutch province of Gelderland will have an annual ...
Delivered prices for good quality coaster cargoes of mixed butane in Northwest Europe have remained strong on the back of demand from the petrochemicals sector, according to industry sources. During the summer period, when butane requirements for gasoline blending are low, ...
The auto industry, a main engine in China's economic recovery over the past two years, may be decelerating as the possible expiry of stimulus incentives, additional taxes and slower economic growth put the brakes on its rapid expansion, according to industry watchers. In the ...
Japan's Shizuoka Gas has signed an agreement with Tokyo Electric Power Company to buy 260,000 mt/year of LNG from the middle of this decade until the mid-2030s, a Tepco official said Monday. The agreement covers four cargoes per year, delivered ex-ship to Shizuoka Gas' Shimizu ...
Global benzene operating rates are projected to stay below 80% over 2010-2015, as the industry struggles with new capacity from the Middle East, China and Southeast Asia, Tiankanok Sirichayaporn, from industry consultant Nexant Asia Limited, told CMT's 6th Asia Aromatics and ...
Gasoil demand from India is expected to taper off in the coming months as the monsoon season peaks and refineries complete their upgrading to meet recent changes in specifications, trading sources said last week. Indian state-owned refiners Indian Oil Corp. and Bharat Petroleum ...
June 28-The manufacturing competitiveness of the United States, Germany and Japan the three manufacturing superpowers of the 20th century are all expected to decline over the next five years. But those countries will still be a force to be reckoned with. "They are all showing ...
SCOTTSBURG, Jun 28-American Plastic Molding Corp., a manufacturer of plastic injection molded assemblies, announced Friday it will expand its operations in Scottsburg, creating up to 50 new jobs by 2013. The company, which makes assemblies for the home and office, automotive and ...
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 ...