industry

India s government announced 37 winners of the country s first solar power plant auction, awarding the largest capacities of 100 megawatts each to Lanco Infratech Ltd., KVK Energy Ventures Pvt. Ltd., and Rajasthan Sun Technique Pvt. Ltd., a state-sun power trader overseeing the ...
Germany-based Bayer MaterialScience, or BMS, plans to increase the production capacity of its polycarbonate plant at Shanghai by 50% to 300,000 mt/year in 2013, a source close to the company said late Tuesday. Currently, BMS operates an integrated petrochemical complex at ...
In order to help developing countries set up carbon markets, the World Bank opened a fund to collect $100 million. Launching the fund here, WB president Robert Zoellick said the Bank expected a growing number of nations to look at so-called cap-and-trade systems, in which firms ...
India being short of Uranium deposits, and other energy commodities, has a new friend in Zambia as the country is offering uranium, oil and gas for the nation. This offer came from Allan D Kalebuku, Zambian ambassador to India, who informed that the African nation is having ...
India will miss its target for extra power capacity of 62,000 megawatts by March 2012 by about 4,000 megawatts, Power Secretary P. Uma Shankar said, potentially reining in economic growth. "About 3,000-4,000 megawatts of (planned new) capacity will be delayed due to reasons ...
With strategic bottle-necks blocking the Iran-Pakistan-India pipeline, Indian is set to sign a new pact to import gas from Turkmenistan, a country having fourth largest proven reserves in the world. Tough conditions, including the door-step delivery responsibility for Iran to ...
After the news broke of an agreement between U.S. lawmakers to extend the Bush tax breaks, some people concluded that the fiscal stimulus could reduce the pressure on the Fed from needing to do more QE. We disagree. We believe the tax breaks will mean even more QE and the bond ...
Global oil prices advanced towards another higher weekly close Friday after unemployment claims surged in the US, the top oil consumer. Light sweet crude for January delivery was seen trading at $88.61 a barrel at 12.00 noon Singapore time while Brent crude for delivery in ...
SINGAPORE-China's polyethylene (PE) and polypropylene (PP) prices may rise at the end of December on restocking activity before levelling out in early January, industry players said on Friday. Transactions had been slow in recent weeks because many importers were concerned that ...
An industry source based in the Middle East informed a polymerupdate team member that a PP plant operated by Oman Polypropylene is likely to be restarted. The source said, "located at Sohar, the plant has a production capacity of 340,000 mt/year. Operations at the plant are ...
Any step to increase crude oil supplies necessitated immediate revival of oil market fundamentals, even if prices go to $100 a barrel, says OPEC. If it goes to $100 due to speculation, OPEC will not move," OPEC Secretary General Abdullah al-Badri told reporters in Quito, Ecuador ...
The US Bureau of Land Management issued 79% fewer leases for oil and natural gas development in six US Western states in fiscal year 2010 than it issued in FY 2005, according to data released Thursday by the Western Energy Alliance. Revenue from federal leases in Colorado, ...
Asian spot LNG prices pulled up from the previous week's lows in the second week of December on the appearance of some January demand and as offers rose in the face of high Atlantic prices. Platts January Japan Korea Marker rose to hit $9.825/MMBtu Friday from $9.35/MMBtu a week ...
Russia and France are negotiating a possible increase in supplies of Russian gas by 1.5 billion cubic meters per year, Russia's prime minister, Vladimir Putin, said Thursday in a press conference in Moscow. "Regarding the cold weather in Europe, it is necessary to expand energy ...
Many issues remained unresolved Thursday at the UN climate talks in Cancun, Mexico, as negotiators sought compromises on the penultimate day of the meeting to avoid the specter of a second setback following last year's failed talks in Copenhagen. Expectations are much lower for ...
South Korean refiners are aiming to achieve higher premiums of more than $20/mt for bunker fuel term contracts for January loading cargoes, citing short supply of high sulfur fuel oil, industry sources said late Thursday. "I expect to settle my January delivered term contracts ...
OPEC said Friday it expects demand next year for crude produced by its members to average 29.2 million b/d, little changed from its month-ago estimate, as rising demand for oil will be met by growing non-OPEC supplies. In its latest monthly report, the oil producer club raised ...
Sinopec is estimated to refine 17.4-17.5-mil mt of crude in December, with daily throughput down 3.31% on month to about 564,000mt, a survey showed. Gaoqiao Petrochemical is expected to slash daily operation rate by 57% due to the maintenance of an 8-mil-mt/yr crude distillate ...
China imported 20.91-mil mt of crude in November, sharply up 27.58% from the previous month, up 22.14% compared to a year earlier, according to data released by the General Administration of Customs. The sharp on-month increase was within expectations, considering abnormally low ...
Polish hard coal miner, Lubelski Wegiel Bogdanka, signed Tuesday a Zloty 799 million ($266.3 million) five-year supply deal with the Elektrownia Ostroleka power plant in north eastern Poland. Bogdanka said the contract was valid from January 2011 until the end of 2015. Currently, ...
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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 ...