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BP s U.S. Future Teeters After CEO, Lawmakers Clash

div id="newsphoto"> June 18 -- BP Plc Chief Executive Officer Tony Hayward s failure to set safety standards to prevent the Gulf of Mexico oil spill may cost the company control over U.S. oil fields, refineries and pipelines that account for more than one- third of its sales, ...

BP s $20 Billion Fund May Not Stop Spill Lawsuits, Judge Says

div id="newsphoto"> June 18 -- BP Plc s $20 billion oil spill fund, established at the request of U.S. President Barack Obama, may not stop more than 230 lawsuits filed by people and businesses harmed by the worst environmental disaster in U.S. history, a judge said. U.S. ...

Biochemical market forecasts suggest strong growth

p>Bioplastics and - more generally - chemicals derived from biological raw materials such as wood and straw are being touted as the next big thing for the industry and its customers. Many regard the technology that will make this possible - industrial biotechnology (IB) - as a ...

US cellulosic and algae biofuel producers are pushing for the Green Job Act of 2010 to be passed to apply tax credits to new biorefineries and boost employment

p> Rex Features/Gareth JJ Burgess At the forefront of industrial biotech's revolution is the push for US legislation that will bring tax-credit parity to algae-based biofuel technology, while extending credit to cellulosic biofuels. Passing such legislation would stimulate ...

The American Chemistry Council fights challenges from BP oil spill

p>The BP oil spill in the US Gulf has caused a crisis of trust that is far-reaching in its impact and consequences. And the American Chemistry Council (ACC) is gearing up to deal with the tough challenges on the feedstock and regulatory front that could result. "With the BP oil ...

Car dealers say Beijing auto rules hurt

A quiet car dealership in Gaobeidian, Chaoyang district, on Dec 24. [China Daily] With Beijing's new traffic policies in operation and people swamping an official website to try to snag coveted approval to buy a car through the new lottery system, car dealers have seen a sharp ...

Auto imports policy in the making

A sedan equipped with green technology on display at an international auto show in Beijing. China plans to expand imports of key auto technologies and parts. [China Daily] China will "actively" encourage automobile imports over the next five years through a series of favorable ...

Shanghai VW passes 1 million landmark

Volkswagen brand cars?sales have surpassed 800,000, surpassing total sales of Shanghai Volkswagen in 2009. [China Daily] More than 200,000 Skoda cars have been sold in China to date this year, about 20 percent of Shanghai Volkswagen's total. On December 26, Shanghai Volkswagen ...

Car control sparks buying boom

Beijing's recent effort to improve the city's glued traffic conditions has panicked people into a car-buying spree, the Beijing News reported. A new regulation introduced Thursday would reduce the number of new car licenses issued next year by one third. A total of 9,000 cars ...

Land Rover Jiguang powers into luxury SUV segment

Christopher Brown, executive vice-president of Jaguar Land Rover China, poses with new model. [China Daily] British off-road legend Land Rover began a new chapter in its China business at the Guangzhou auto show when it unveiled the Evoque, its smallest, lightest and most fuel...

Beijing to announce traffic rules

The capital city is expected to release a package of detailed rules on Thursday to ease its growing traffic gridlock, including axing new car license plates from next year. A backlog of cars are waiting to be inspected on Wednesday in Beiyuan, northern Beijing, as car owners rush ...

SAIC aims to revive marque with MG 6

SAIC Motor Corp is on schedule to manufacture and sell its MG 6 sedan in Britain in the first quarter of next year, its president said yesterday, as it aims to revive the famed British marque. The leading Chinese auto maker became the owner of MG Rover's 10,000-unit Longbridge ...

Luxury auto makers upbeat about bigger sales

An FT-EV II concept electric car is seen at the Toyota booth at the Guangzhou 2010 Auto Show in Guangzhou yesterday. The 8th China (Guangzhou) International Automobile Exhibition will open to the public from today. Luxury car makers are bullish they will achieve higher sales ...

'BlueMotion' powers VW to save energy, boost sales

The Touareg Hybrid twins a 3.0-liter V6 TSI engine with an electric motor to use just 8.2 liters of gasoline per 100km. [China Daily] German carmaker Volkswagen Group chalked up robust sales growth in China in the first 11 months of this year partly as a result of its "BlueMotion ...

Govt policy unlikely to fuel 2011 market

China's government may be given credit for keeping the auto industry on track to grow, particularly when times are tough, but its policies are not expected to be the main market driver in 2011. It came as no surprise that the auto market in China recorded yet another sales ...

Cross-Straits partnership links Dongfeng and Yulon

Dongfeng Chairman Xu Ping (left), Dongfeng-Yulon President Zhou Wenjie (center) and Yulon Chairman Kenneth Yan at the inauguration ceremony. [China Daily] Leading automakers on the Chinese mainland and Taiwan formally unveiled a new joint venture on Dec 14, the first major cross...

Airfreight feels the volcano impact

Workers unloading freight at Nanjing Lukou International Airport (Airport Code: NKG). [An Xin / China Daily] The cloud of volcanic ash from Iceland that has brought Europe's airlines to a standstill is a headache for global airfreight companies, but will not hamper the market ...

DHL ups shipping options

A pedestrian walks in front of a DHL billboard in Guangzhou. DHL reported revenue totaling 33.7 billion euros ($41.38 billion) globally in 2009. [China Daily] DHL, one of the world's leading logistics companies, announced the rollout of multi-modal services from China to overseas ...

Logistics consortiums to dot the nation soon

A workers loads packages at the Nanjing Railway Station. China's express business is expected to growth at 23 percent annually over the next five years. [China Daily] Large logistics consortiums are likely to emerge in China in the next five years as the country's logistics ...

Steel mills told to halt production

Workers weld steel rods at the coal exchange center in Taiyuan, Shanxi province. In addition to small steel mills, some small coking coal and electrolytic aluminum makers will also be forced to close, the government said on Tuesday.[China Daily] Small steel mills with steel blast ...
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