industry

At a time when most of the commodities are hovering at the peak levels including metals and gold, Natural Gas seems to be running out of fuel as the prices of the energy product has slipped into the tightest range in past eight years, as US output is seen hitting highest levels ...
Anshan Iron and Steel Group (Ansteel) has received approval from the State-owned Asset Supervision and Administration Commission to bring Pangang Group under its fold, a source familiar with the matter said on Monday. Angang Steel Co Ltd, the listed unit of Ansteel, is expected ...
Chinese steel mills have expressed their reluctance to accept iron ore prices of potentially 160 U.S. dollars per ton proposed by Vale and BHP in the third quarter, saying that the price hike will create carnage in the nation's steel industry. "BHP has recently informed us that ...
p>French petrochemical producer Arkema has declared force majeure at its oxo alcohol production unit at Lavera, France due to strike action at the port, a company spokesman said. The production of 2-ethylhexanol (2-eh) and butanol from the plant was halted due to a lack of ...
China's steel output in 2010 might hit a new high of 620 to 630 million tonnes, a 10 percent increase year on year, Minister of Industry and Information Technology Li Yizhong forecast at a forum Monday. China's steel output reached 269 million tones in the first five months of ...
A new offshore gas discovery in Brunei produced 10 million cubic feet during initial testing, French energy company Total announced. Total announced its Brunei affiliate Total E&P Borneo made a "significant" natural gas find off the coast of the tiny Southeast Asian country. The ...
The Union Petroleum Minister, Murli Deora today announced 34 oil and gas blocks for exploration in the 9th round of New Exploration Licensing Policy (NELP-IX). The minister maintained that the government was offering 34 blocks covering an area of 88,807 square km under the NELP ...
p>Some seven environmental groups filed a motion in federal court Wednesday to intervene on the side of the US Environmental Protection Agency in a case involving a lawsuit filed in September by the National Mining Association. NMA filed suit in the US District Court for the ...
Air Products (NYSE: APD), the leading global hydrogen provider,has announced plans to construct a new 180-mile long pipeline connecting its existing Louisiana and Texas hydrogen pipeline systems, creating the world s largest hydrogen plant and pipeline supply network. This ...
p>A technical assessment of Iraq's southern export pipelines and a feasibility study for export redundancy, both commissioned in 2007 by the US government, found "severe corrosion" and warned of the possibility of rupture, according to a review of the two reports. Iraq exports 75...
p>Sinopec is expected to raise naphtha ex-refinery price of its underlying refineries by Yuan 390/mt to Yuan 5,760/mt in November, according to its pricing formula. The ex-refinery price for naphtha to be supplied to eastern chemical enterprises by Tahe Refinery would be lifted ...
p>Sinopec Gaoqiao Petrochemical is slated to process about 600,000mt of crude oil in November, sharply down 30% from the previous month, revealed a source with the refinery. The refinery would shut some units for 40-day maintenance from Nov 20, mainly comprising 8-mil-mt/yr crude ...
p>Sinopec Hainan Refining & Chemical had to suspend the loading of LPG barges because of continuously heavy rain, market sources said. A depot source in the Pearl River Delta told C1 the depot did not receive LPG cargoes originally scheduled to arrive during Oct 16-17, new ...
p>Coker run rate in Shandong independent refineries slipped by 3.4 percentage points to 58.2% over the past two weeks. Petcoke sales were well in Shandong independent refineries during the past two weeks. Deals were ample before the National Day Holiday (Oct 1-7), so most ...
Chinese textile manufacturer, Shandong Ruyi Group, said it expected to finish its 41 percent purchase of Japanese clothing maker Renown Inc on July 28, with the deal already approved by the government. Shandong Ruyi announced on May 24 it would pay 5 billion yen ($56 million) for ...
What can discarded containers do? A Chinese businessman has turned them into small supermarkets in rural areas in east China's Zhejiang Province. A new orange-colored cube has appeared in Yunlong Village in Changhe Township in Binjiang District of Hangzhou, capital of Zhejiang ...
p>Petcoke prices kept steady during the National Day Holiday (Oct 1-7) on smooth sales. Trading prices of low-sulfur petcoke held stable at Yuan 2,250-2,300/mt, those of high-sulfur grades at Yuan 1,525-1,600/mt and mid-sulfur products at Yuan 1,750-1,830/mt. a survey found. Mid...
p>Sinopec's Ji'nan Refinery set to launch a 500,000-mt/yr coker on Oct 20, revealed a source with the oil giant. The unit has been completed since the end of last year, but remained shut due to insufficient feedstock, an industry source said. Previously, it was kept idled as the ...
Five crucial economic zones in China's 15 provinces are suffering environmental deterioration and ecological degradation due to the expansion of industrial projects, the Ministry of Environmental Protection warned on Wednesday. The announcement came as the ministry finalizes an ...
Feng Shiliang, male, graduated from the Beijing Chemical Engineering Institute, Inorganic Chemical Major. He worked in Ministry of Chemical Industry and mainly engaged in production scheduling, economic analysis, statistical analysis and comprehensive analysis work from August ...
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 ...