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Asia: Thai Bangkok Synthetics to startup nitrile rubber plant Q3 2012

Bangkok Synthetics Co. Ltd., or BST, expects its new 110,000 mt/year nitrile latex plant at Map Ta Phut Industrial Estate, Rayong province, to start operations in the third quarter of 2012, BST said late Wednesday. The company said the plant will be built at Map Ta Phut ...

Middle East: Gas rich Middle East shifting to naphtha to feed its crackers

More and more Middle East-based ethylene producers are shifting to naphtha as a feedstock for producing ethylene. The reasons for the shift are that the region itself is struggling with low ethane content natural gas, a marked increase in the capacity of downstream ethylene ...

Asia: Qatar Tasweeq's LPG cargo heads East without buyer, in rare move

Qatar's Tasweeq has a mixed refrigerated LPG cargo that is currently sailing to Japan -- but in a rare occurrence -- has yet to find a buyer, several trade sources including Japanese importers said this week. The cargo, which loaded from Ras Laffan over December 3-4 on MOL vessel ...

Chemical traffic on US waterways rises on cheap natural gas

HOUSTON-Increased chemical and petroleum barge traffic on US inland waterways in November stems directly from low natural gas prices, a spokesman for the nation's largest barge operator said on Thursday. Because most petrochemicals use natural gas as a feedstock, low natural gas ...

NE. China still ranks as China's top gasoline producer in Nov: NBS

Northeast China was still the largest gasoline producer in China in November, producing 1.43-mil mt, occupying 21.6% of the total output of China, showed data from the National Bureau of Statistics. The output was 1.9% lower than the corresponding period last year because major ...

China's Dec fuel oil imports estimated to fall 4% on month to 1.54-mil mt

China is estimated to import about 1.54-mil mt of fuel oil in December, down 4% from the estimate for November. This volume will be sharply down 29% from 2.16-mil mt of imports in the same month of 2009. As domestic gasoil supply shortage eased, Shandong importers' demand for ...

China to keep import tariff on "other aromatics compounds" unchanged at 3% in 2011

The temporary import tariff rate on "other aromatics compounds" (HS code: 27075000) would be unchanged at 3% in 2011, according to the Tariff Execution Plan 2011 released by the Customs Tariff Commission of the State Council. It will be a positive factor for the domestic blended ...

China: Sinopec kicks off inner-trade bunker business in Bohai Bay

Sinopec's fuel oil and bunker sales and marketing arm Sinopec Fuel Oil Sales has recently started inner-trade bunker business in Tianjin, Caofeidian and Huangye ports in the Bohai Bay, a company source told C1. The Tianjin branch of Sinopec Fuel Oil Sales has rented from private ...

China: N. China's crude output swells 30.75% yoy in Jan-Nov'10, highest of all producers: NBS

North China recorded a combined 40.51-mil mt of crude output in the first eleven months of 2010, sharply up 30.75% from the same period last year, according to data released by the National Bureau of Statistics. The growth rate was higher than any other producers. Major growth ...

Shandong independent refineries' oil product inventories build 30% to 265,000mt Fri: biweekly

Oil product inventories of independent refineries in Shandong Province added up to 265,000mt as of Dec 16, up 61,500mt or 30% from two weeks ago, C1's survey showed. Gasoline inventories were 158,000mt, sharply up 52,000mt or 49%; gasoil inventories inched up 9,500mt or 8.88% to ...

Sinopec expected to lift naphtha ex-refinery prices by Yuan 390/mt in Jan

Sinopec is expected to raise naphtha ex-refinery price of its underlying refineries by Yuan 390/mt to Yuan 6,510/mt in January 2011, according to its pricing formula. The ex-refinery price for naphtha to be supplied to eastern chemical enterprises by Tahe Refinery would be lifted ...

China to raise import tariff on calcined needle petcoke from 1% to 3% in 2011

The Chinese government would levy 3% most-favored-nation import tariff on calcined needle petcoke (HS code: 27131210) starting Jan 1 while abolishing 1% temporary import tariff, according to an official with the tariff department of the Ministry of Finance. "The government ...

Americas:Gulf oil spill : US files suit against BP and others

Months after the 'ordeal at Gulf of Mexico', the US finally filed suit for the first time against BP and eight other companies for uncounted billions of dollars in damages from the massive oil spill in the Gulf. The complaint was filed by the Justice Department with a federal ...

Europe:Identifying top seeds in potash boom

As growing middle classes in developing nations feed the need for fertilizer, how to increase production has become the real issue in agriculture. Major potash producers are lining up to fill that need. The Energy Report spoke with Adrian Day Asset Management Chairman and CEO ...

China:China may run out of coal in 21 years

China's ravenous appetite for energy puts the country at risk of reaching a point of peak coal," when demand for coal will outstrip domestic production capacity. China accounts for around 14% of global coal reserves but its share of global coal consumption is already over triple ...

Americas:Cambodia's rice husk generator to power up villages

Cambodia s rice miller and exporter Angkor Kasekam Roongroeung Co Ltd will start operating its $6 million rice husk-powered electricity generator next month. According to the company, it would sell the excess electricity from its 2.5 megawatt generator to surrounding villagers. ...

Middle East:Caspian Consortium to double oil pumping

In order to double the capacity of Caspian Pipeline to 70 million tons, the Consortium will invest $5.4 billion to the project. According to Chevron, the major partner in the Consortium, the expansion is in scale and scope is at least as big as the initial construction. Chevron ...

Europe:Bulgaria to use 16 % renewable energy by 2020

Bulgaria aims to use renewable energy to meet at least 10 percent of its energy resources for transportation by 2020, the government said. The Energy Ministry in Sofia said a renewable energy source act would be ready within the next two weeks. Rewewables would account for 16 ...

Asia:Singapore welcomes two more synthetic rubber makers

Singapore's Jurong island is all set to welcome two more synthetic rubber manufacturers. Two more investors, Sumitomo Chemical and Asahi Kasei Chemical, are setting up their latest S-SBR plants there - believed to cost hundreds of millions of dollars each - joining Germany's ...

China: Shandong independent refineries run at 41.4% Thu, down 6 percentage points on week

Operation rates of independent refineries in Shandong Province averaged 41.4% Thursday, down 6 percentage points from one week ago, up 10.4 percentage points compared with a year earlier,a survey showed. The refineries were again plagued by negative refining margins on lofty ...
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