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Americas: New York governor asks Delaware River agency to delay gas drilling rules

New York Governor David Patterson is asking the the Delaware River Basin Commission to suspend its attempt to write natural gas drilling rules until the state is able to develop its own. Patterson wrote DRBC Executive Director Carol Collier Monday asking that the federal river ...

Europe: NWE MTBE weakness could open rare arbitrage East: sources

The weakness of the European MTBE market could see a relatively rare arbitrage to the East open up, trading sources said Thursday. Typically, Europe is net short MTBE, relying on supply of barrels from the Persian Gulf. Producers in the Persian Gulf maximize flows to Asia or ...

China: Sinopec expects to refine 220-mil mt of crude in 2011, up 8.4% yoy

Refineries affiliated to Sinopec are estimated to process a total of 220-mil mt of crude in 2011 (about 4,400 kbd), up 8.4% from the previous year, according to refinery sources attending the oil giant s production & sales meeting for the first quarter of 2011. The throughput ...

China: PetroChina starts operation of 4.2-mil-cu-m crude storage in Guangxi, SW. China

PetroChina started operation of a 4.2-mil-cu-m crude tank farm in Southwest China's Guangxi region on Dec 8, according to an informed source. The tank farm has taken in 520,000mt of crude from West Africa and it has kicked off bonded business, the source revealed. It is reported ...

GPCA '10: Protectionism to curb Mideast's petrochemical growth

DUBAI-The recent rise in countries' antidumping measures are likely to impede the growth and trade flows of petrochemicals from the Middle East, senior industry officials said on Wednesday. While the Middle East is projected to supply up to 40% of Asia's expected demand for ...

China: Major domestic refineries' run rate drops to 83.47%

Major Chinese refineries' operating rates averaged 83.47% on Dec 9, down 4.24 percentage points from two weeks ago, 0.71 percentage points higher compared with the same period of last year, a survey found. The drop came as Gaoqiao Petrochemical slashed its run rate by 44% due to ...

China: Shandong independent refineries run at 47.4% Thu, up 1.3 percentage points on week

Operation rates of independent refineries in Shandong Province averaged 47.4% Thursday, up 1.3 percentage points from one week ago, up 16.4 percentage points compared with a year earlier, a survey showed. The on-week rise could be mainly attributable to a high run rate of 80% of ...

China: Operation rate of Guangdong minor refineries falls 1 percentage point to 16% Thu: on week

Minor refineries in South China's Guangdong Province ran at 16% on average Thursday, down 1 percentage point from one week ago, 2 percentage points higher than a year earlier, a survey found. Two refineries lowered operation rates in the past week as refining margins dropped on ...

Asia:Indian co's eye Pakistan to supply Bt cotton seeds

Pakistan has decided to grant permission for commercial cultivation of Bt cotton in their country. In the wake of this, Indian companies are gearing up to take advantage of the rising demand of Bt cotton seeds in Pakistan. In the last six months three Indian companies have ...

Asia: Propylene plant likely to be taken offstream by CPC

A Taiwanese industry source informed a polymerupdate team member that China Petrochemical Corp (CPC), Taiwan is likely to shutdown a propylene plant for a maintenance turnaround . The source said, "the plant is likely to be taken offstream for a maintenance turnaround in mid May ...

Spot propylene prices pushed higher across the globe

Spot propylene prices have moved higher in Europe, Asia and the US recently based on healthy demand as well as supply limitations in Europe and Asia due to a naphtha shortage. The continuous increases seen over the past week in the upper end of the upstream chain were amongst ...

Americas: US ethylene down over 2 cents on backwardation, destocking: trade

US ethylene shifted lower as buyers vacated the market with no trades done in the last "several days," sources said Wednesday. At mid-week, December was being offered at 49 cents/lb ($1,080/mt) and bid at 48 cents/lb, roughly 2.375 cents lower from Tuesday's assessed level. The ...

Asia: Germany Bayer to invest $1.33 bil in capacity expansions in China

Germany's Bayer group is investing around Eur1 billion ($1.33 billion) in five projects to expand its methylene diphenyl diisocyanate and polycarbonate production capacities in Shanghai, China, to enable it to focus more on the Asia Pacific, the company said in a statement ...

GPCA WRAP: Saudi Aramco CEO sees next decade as golden age for petchems

The next decade would be a decisive one for petrochemical industry in the Middle East, one "of opportunity and potentially far-reaching transformation" that should be seized before the moment passes. This was the message from Khalid Al-Falih, president and CEO of Saudi Aramco, on ...

Americas: Bid to pass stripped-down mine safety measure fails in US House

The US House of Representatives Wednesday failed to pass mine safety legislation that has been stalled in the chamber since earlier this fall. The legislation, developed after April's deadly Upper Big Branch mine blast and supported by the United Mineworkers, came to the floor ...

Americas: Spectra plans $1.4 billion investment in expansion capital

Spectra Energy Corporation plans to deploy $1.4 billion in investment capital in 2011, saying Wednesday its board also approved a capital expenditure rate of $1 billion/year "for the foreseeable future." The Houston-based gas transportation, storage, gathering and processing ...

Americas: BP spill commission may seek change in US regulatory model: co-chair

The National Commission on the BP Oil Spill and Offshore Drilling is considering calling for a transition from a highly prescriptive regulatory model to a risk-based performance approach specific to individual facilities, operations and environments, its co-chairman, William ...

Asia: Sinopec starts survey of new shale gas block in southwest China

China Petrochemical Corp., or Sinopec Group, has started surveying the Pengshui shale gas block in southwest China to evaluate the resource potential as the company ventures into unconventional oil and gas exploration, the company said Wednesday in a report on its website. The ...

Europe: UK GAS: Prompt prices finally ease on milder weekend weather

UK prompt gas prices finally eased Thursday ahead of milder weather forecast for this weekend, potentially allowing the injection of gas into long range storage and a brief recovery period for the system as a whole, traders said. UK within-day gas prices were 1.65 pence a therm ...

Asia:India to include cotton yarn in FTA with Sri Lanka

As part of renewing FTA with Sri Lanka, India Govt is planning to include cotton yarn in the FTA list. India Govt and Sri Lankan will have further talks on this. The Industries and Commerce Ministry has already informed industrialists to send written requests to be produced ...
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