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Europe: UK's Yule Catto to buy PolymerLatex for up to $586 million: UK specialty chemicals group Yule Catto & Co said Monday it is to acquire German emulsion polymer producer PolymerLatex for up to Eur443 million ($586 million). PolymerLatex is owned by PolymerLatex Holdings BV, owned by funds controlled by private equity group TowerBrook Capital ...

Asia: China November methanol imports down 10% from October: China imported 10% less methanol in November than in October this year, at 436,266 mt, according to customs data Wednesday. The drop erases a slight gain in total imports in October from September, and is some way off August's 16-month high, when 503,016 mt of methanol was ...

Americas: Traders turn cautious on US polyethylene exports: Traders turned cautious on US polyethylene exports due to too many unknowns going forward, industry sources said Tuesday. "If I can't move it (back-to-back) I'm not going to buy it," a trader said. There were offers of LLDPE at 60 ($1,323/mt) and 61 cents/lb in railcars this week ...

Asia: Thailand's SGP expected to officially step into China LPG market end Dec: Thailand's Siam Gas and Petrochemicals Public Company Limited is expected to wrap up takeover of BP Zhuhai at the end of December, marking official debut of its LPG business in China, a South China-based importer told C1. SGP sent to BP Zhuhai's 200,000-mt underground LPG storage ...

Europe: Bullish Jan outlook surfaces in Italy's polymer markets: Italy's polymer markets have started to witness pre-buying activities particularly for PP, PE and PS ahead of the approaching Christmas holidays. As expectations about another round of increases in January are becoming more widespread amongst Italian players because of strong ...

Celanese plans to pursue China's fuel ethanol market: NEW YORK-US chemical company Celanese plans to enter China's fuel ethanol market to capitalise on the country's goals in renewable fuels consumption, chief financial officer Steven Sterin said on Wednesday. Celanese announced in November its plans to build one or two coal-based ...

China's daily crude throughput in Nov sets record high: NBS: p>China refined 36.65-mil mt of crude in November, up 10.34% year-on-year but down 1.04% month-on-month, with daily throughput up 2.5% from October due to one less day in November, showed the data from the National Bureau of Statistics. Daily throughput hit an all-time high of 1...

China: S. China's Shenzhen to popularize GB IV vehicle-use gasoline from Jan 1, 2011: Shenzhen City in South China's Guangdong Province is expected to spread use of GB IV automotive gasoline from Jan 1, 2011, a survey found. All petrol stations in Shenzhen would start to supply GB IV vehicle-use gasoline from Jan 1, but retail prices are yet to be unfixed, ...

China: Shaanxi in NW. China starts to popularize methanol gasoline: More than ten petrol stations in Baoji City in Northwest China's Shaanxi Province started to sell methanol gasoline on Dec 15, which meant Shaanxi began to popularize the use of such fuel, learned from market sources. Within one week, Xi'an and Hanzhong cities in Shaanxi will ...

China: Shandong independent refineries again trapped into negative refining margins: Refining margins of independent refineries in Shandong Province with straight-run fuel oil as feedstock again suffered from negative refining margins due to losses in product sales revenues, a survey found. Based on Wednesday's prices of spot M100 fuel oil in Shandong market, ...

China: S. China's Dec fuel oil imports estimated to plunge 31% on month to 250,000-300,000mtS. China's Dec fuel oil imports estimated to plunge 31% on month to 250,000-300,000mt: South China is estimated to import 250,000-300,000mt of fuel oil in December, sharply down 31% from C1's estimation for November imports, 37% lower than a year earlier,it is forecasted. Importers ascribed the estimated sharp drop to slack demand for bonded bunker in Hong Kong as ...

Ameircas:Oil falls below $88 as US stockpiles grow: World oil prices eased below $88 a barrel in Asian trade Wednesday mainly after reports of increase in US fuel stockpiles indicating weak energy demand. Light sweet crude for January delivery was seen trading at $87.92 a barrel at 12.00 noon Singapore time while Brent crude was ...

China:BG finds gas in first China exploration: Major oil company BG Group strike gas in its very first attempt on China soil as gas was discovered in the deepwater Qiongdongnan basin in the South China Sea. In a statement issued here the company said the Lingshui 22-1-1 exploration well on Block 64/11, about 130 kilometres ...

Asia:India's Solar Mission draws positive response: As a major step to face serious energy challenges in the coming decades, India's Solar Mission draws good response since it was launched by Prime Minister Manmohan Singh in January. State-owned NTPC Vidyut Vyapar Nigam, the agency responsible for the sale and purchase of grid...

Middle East:Kirk Wilson: The Alberta Bakken Trend: The run on land in the expanding Alberta Bakken Formation play has given a leg up to the exploration and production (E&P) companies that got in early. In this exclusive interview with The Energy Report, Senior Analyst Kirk Wilson of Calgary-based Clarus Securities details the ...

Americas: US Senate approves extension of credits for renewable energy, ethanol: The US Senate approved an $858 billion package of tax cuts and credits Wednesday, advancing the plan -- which includes major extensions of ethanol tax credits and renewable energy initiatives -- to the House of Representatives. Senators voted 81-19 to approve the plan, which ...

Africa:West Africa's Ghana begins commercial oil pumping: In a significant development, West African nation Ghana Wednesday begun pumping oil commercially for the first time from its offshore Jubilee Field. This will provide Ghanian economy a boost as the lucrative new industry is estimated to generate an annual revenue of $4 billion. ...

Europe:Oil eases on Spanish credit rating concerns: World oil prices eased in Asian trade Thursday after overnight gains due to biggest US crude inventories weekly drop in eight years. Light sweet crude for January delivery was seen trading at $88.51 a barrel at 12.00 noon Singapore time while Brent crude was at $92.13 a barrel in ...

Asia: Negative HDPE margins spark PE plant run cut fears in Asia: Negative production margins for film-grade high density polyethylene is feeding speculation about possible PE run cuts, market sources said this week. HDPE film production margins fell into negative territory on December 3, falling to minus $54/mt from plus $5/mt on December 2. ...

Americas: Ineos restarting No. 2 olefins cracker at Chocolate Bayou, Texas: Ineos on Wednesday initiated restart procedures at its No. 2 olefins cracker in Chocolate Bayou, Texas, according to a filing with the Texas Commission on Environmental Quality (TCEQ). Ineos, which produces ethylene and propylene, has two steam crackers at Chocolate Bayou with a ...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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