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Asia: LG Acquires Dow's 50% Holding In Polycarbonate Joint Venture

p>Seoul - LG Chem Ltd. has acquired Dow Chemical's 50% stake in LG Dow Polycar-bonate Ltd., a joint venture between the two companies. The acquisition makes LG Chem the sole owner of the venture, which has two plants in Yeosu, South Korea, with a total capacity of 170,000 t/y. ...

Shu Zhaoxia vice chief engineer of SINOPEC Research Institute of Economy and Technology

Shu Zhaoxia graduated from Petroleum Refining Major, East China Institute of Science and Technology, and obtained a bachelor degree in February 1982. Now she is the vice chief engineer and chief expert of SINOPEC Research Institute of Economy and Technology and enjoy the State ...

Asia: Firming trend maintained in global PS markets

p>PS prices preserved their firm trend in global markets including China, Southeast Asia, Turkey and Egypt for some time. Offer levels see support from the strong upstream costs since oil prices remain above the $80/bbl threshold and styrene costs recorded over $50/ton increases ...

Americas: US benzene rises despite falling crude as buyers cover shorts

p>US benzene prices continued to rise, despite falling energy, as buyers covered shorts. Spot benzene started the day at 335-345 cents/gal ($1,002-1,032/mt) DDP USG for October. Around mid-morning, November DDP transacted at 342 cents/gal. Around noon, one trader said, "It's not ...

Asia: Importers of petrochemicals from Iran find ways around L/C problem

p>Importers of petrochemicals from Iran have resorted to using bank cheques, direct remittance to accounts, escrow accounts and "hawala" transactions used in the Indian subcontinent, to get past the problem of banks delaying or declining to honour letters of credit from Iran, ...

Europe: Ineos in ethylene oxide force majeure over French strike

p>UK chemicals group Ineos has declared force majeure on ethylene oxide and a range of ethylene and propylene derivatives produced out of Lavera, France due to disruption caused by extended industrial action, according to a company spokesman and a letter to customers obtained by ...

Americas: Obama administration defends PRB coal leasing

p>The Obama administration defended its environmental review of a proposed coal sale in northeastern Wyoming coal fields Thursday, answering allegations leveled at it in a federal lawsuit by a Santa Fe, New Mexico, environmental group that clean air laws were laxly implemented ...

Americas: November NYMEX natural gas contract falls 4.5 cents overnight

p>The November NYMEX natural gas futures contract continued to fall in overnight trading and as of 8:29 am EDT (1229 GMT) the contract was trading at $3.490/MMBtu, a drop of 4.5 cents from Friday's settlement of $3.535/MMBtu. The contract dropped 12.2 cents Friday. Brian LaRose, ...

Europe: 2011 Belarus gas price already set, open to new '12-15 deal:Putin

p>Russia and Belarus have agreed to not alter the existing contract that sets the 2011 price formula for gas exports to Belarus, but Russia is open to negotiate a new contract for gas supplies to Belarus from 2012 to 2015, Russia's Prime Minister Vladimir Putin said late Friday. ...

Americas: New US drilling regulatory head: slowdown in permitting 'inevitable'

p>The new director of the agency regulating US offshore drilling said he hopes that a recently released regulatory regime doesn't slow the permitting process "very much," but said some slowing is inevitable. Michael Bromwich, the director of the Bureau of Ocean Energy Management, ...

Asia: Australia's Lakes signs PetroChina arm to study tight gas project

p>Australian junior Lakes Oil and a subsidiary of Chinese state-owned oil and gas giant PetroChina have agreed to take the first steps to exchange research for the future development of tight gas in the Gippsland Basin region of Victoria, Lakes said Monday. Lakes Oil signed the ...

Baiyi Vice President of China Petroleum and Chemical Planning Institute

Baiyi Vice President and senior engineer of China Petroleum and Chemical Planning Institute, obtained the State Council special allowance in 2000. She has long been engaged in planning, preparatory work research and large research topic for projects in petrochemical industry. She ...

China:Why the Coal is so hot?

The date is 18th October, 2010, India will witness the largest fund rising ever in the history of the country s investment industry. The central public sector enterprise, and a coal miner, having the world s largest coal reserves, Coal India Ltd will go for the public offering of ...

Europe: LyondellBasell: French Refinery Producing At Reduced Rate

p>Commodity chemicals maker LyondellBasell Industries NV's French refinery is producing at a reduced rate after a strike in the oil port of Fos-Lavera, southern France disrupted supply, a company spokesman said Tuesday. "We are not in the position to fulfill all orders," ...

China scraps export tax rebates on 406 products

China's State Council, or Cabinet, has approved the scrapping of export tax rebates on 406 products, effective July 15, the Ministry of Finance (MOF) said Tuesday in a statement on its website. The products included some steel and non-ferrous metals products, fertilizers, as well ...

China: PetroChina Fushun Petchem lowers Q4 crude throughout target by 20% to 1.9-mil mt

p>PetroChina Fushun Petrochemical is scheduled to refine 1.9-mil mt of crude in the fourth quarter, down 20% from 2.38-mil mt in the previous quarter, a refinery source said. The drop was mainly due to ongoing translocation project of the refinery's No. 1 plant, according to the ...

Top 10 steelmakers to produce 60% of the nation's steel

China expects its top 10 steel makers to produce more than 60 percent of the country's total steel output by 2015, up from 44 percent in 2009, according to a document published on the government's website Thursday. China is encouraging its big steel companies to acquire other ...

Asia: South Korea Honam Petrochemical s 130kt/y Butadiene Extraction Plant Probably to Carry out Trial Run in Late November

According to relevant people from Honam Petrochemical Co., Ltd., the company s 130kt/y butadiene extraction plant in Yosu, South Korea was planned to carry out trial run in November. After its on-stream, most of its materials would be supplied to domestic consumers. The 150kt/y ...

Asia: Formosa Chemicals & Fibre Corporation s 40kt/y DMF Facility Restarted on Oct 16th

Formosa Chemicals & Fibre Corporation s 40kt/y DMF facility restarted on Oct 16th and operated at full load as yet. The facility shut down due to the dull demand from downstream sectors. According to the factory, its demand for methanol dropped by 7000-8000 tons in the past two ...

China:China world s second best in clean energy efforts

World s most populous country China is now world s second best in clean energy efforts, according to Australia s Climate Institute. In a study, the Institute said China has overtaken the US and Japan, and leaving Australia lagging far behind. Global research unveiled countries ...

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

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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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