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US Graham Packaging's Asia expansion to up blow molding HDPE demand

US-based Graham Packaging Co's expansion in Asia over the next two years is expected to increase demand for high density polyethylene blow molding resins in the region, a company source said Tuesday. With at least nine production facilities across Asia, the company estimates it ...

Dow Chemical To Build Led, Display Components Plant In South Korea

p> Dow Chemical Co, the top US chemicals manufacturer, will invest US$45 million to build a plant producing key electronic materials south of Seoul, Yonhap News Agency reported officials as saying Wednesday. Dow Chemical signed a memorandum of understanding with the governments ...

China: Sinopec Beihai Petchem expected to bring on stream 5-mil-mt/yr CDU in Q3'11

Sinopec Beihai Petrochemical is expected to put a 5-mil-mt/yr crude distillate unit into production in the third quarter of 2011, when it would eliminate a 600,000-mt/yr old one, a refinery source said. As reported earlier, Beihai Petrochemical's 5-mil-mt/yr oil refining project ...

China: Dalian Xingang port's newly-built 300,000-DWT crude jetty accommodates VLCC for first time

The newly-build 300,000-DWT crude jetty at Dalian Xingang port in Northeast China's Liaoning Province received a first-ever VLCC carrying 265,000mt of crude on Aug 16, according to a port source. As reported earlier, the crude jetty, co-invested by Dalian Port and Chinaoil Dalian...

China: PetroChina may cut high-viscosity base oil prices on hefty inventory pressure in Aug

PetroChina's base oils and lubricants inventories continued to climb up in August. The company may be forced to mark down its high-viscosity base oil prices to drain the stocks, revealed a source with the oil giant. Amid a bearish lubricant market in July-August, base oils ...

China to boost base oil imports from Europe and US

Most domestic importers' buying enthusiasm was spurred by improving demand for base oils in early August. Amid downtrends in European and American markets, they would seek more resources from Europe and US in the coming two to three weeks. Chinese base oils importers were active ...

Dr. Crofton is Named Supply Chain Director, Huntsman

The global chemical company named Dr. Derek Crofton Supply Chain Director of its PU division in the Americas. Dr. Crofton takes on the role after almost three decades of service with the corporation, bringing with him extensive experience gained in Europe, the U.S. and Latin ...

China: CNOOC to kick off bitumen project in Liaoning's Yingkou this Oct

CNOOC was slated to complete construction of its new refinery project in Yingkou of Northeast China's Liaoning Province and kick off trial production this October, a source with China Offshore Oil & Gas Development & Utilization Co said. The project was equipped with one 1-mil-mt...

China: Yantai Wanhua Reports Strong H1 Results

Yantai Wanhua Polyurethanes Co., Ltd. released its 2010 first-half report on August 17th. Net profit climbed up by 20.55% year on year to Rmb 6060 million due to robust production and sales activities as well as the price-up of its products. According to the report, output of the ...

PetroChina increases Ningbo s oil storage facility

PetroChina expanded storage capacity of one of its oil product utility at Ningbo in east China Zhejiang to 470000 cubic meters from 54,000 cubic meters. According to reporters, PetroChina has planned to start commercial operation of the expanded utility from September 5. ...

Taiwan: Nan Ya Plastic's N0.3 MEG Facility Restarted on August 14th

A relevant people from Nan Ya Plastic Corporation said on August 16th that the company's 350kt/y No. 3 MEG facility located at Mailiao, Taiwan resumed production on August 14th. The facility shut down for maintenance on July 5th and was originally planned to restart on August 7th...

US styrene prices talked higher as feedstock values climb

Production costs for US styrene climbed above 47 cents/lb [$1,036/mt] this week as benzene spot prices rose, according to Platts data. The increased costs made it difficult for traders to fill a potential arbitrage opportunity to Europe. Several styrene deals were done in Europe ...

S Korea's Samsung Total ties up term butane supply up to Q3 2011

South Korea's Samsung Total Petrochemical, or STC, has firmed up in the recent days, term agreements to procure butane over the four quarters beginning Q4 2010, market sources said Tuesday. The petrochemical maker has entered into term contracts with three separate suppliers to ...

China: Shell to operate 300 petrol stations in Hebei, Shandong

Shell is expected to operate nearly 100 petrol stations in Hebei Province, North China and 200 in Shandong Province, a company source said without giving time schedule. The company plans to reach the goal by building new petrol stations, acquisition, lease, share controlling, ...

Chemtura and UP Chemical Sign Memorandum of Understanding To Form Metal Organic Precursor Joint Venture for High-Brightness LED Market

p> Chemtura Corporation and UP Chemical Co., Ltd. today announced the signing of a Memorandum of Understanding (MOU) defining the terms of a joint venture company to be formed which will manufacture and sell high-purity metal organic precursors for the rapidly growing market for ...

Ambrian Capital buys Masefield's biofuels business

Specialist investment bank Ambrian Capital said Wednesday it had acquired Masefield Biofuels, which focuses on biodiesel produced from palm oil, from the Masefield Group. It did not reveal the price. "The acquisition of Masefield's biofuels business is an important step in ...

Europa Oil & Gas plans underground coal gasification off UK

The UK's Coal Authority has awarded two licenses for underground coal gasification off the east coast of England to London-listed Europa Oil & Gas, the company said Wednesday. The technique, little used in Europe to date, aims to recover up to 80% of the calorific value of the ...

UK's Rockhopper fails to find oil with second Falklands well

UK explorer Rockhopper Exploration has failed to find oil in the Ernest prospect off the northern Falkland Islands, its second exploration well in waters off the disputed South Atlantic archipelago. The well in Rockhopper's 100%-held PL024 license reached a depth of 2,240 metres ...

China: Guangdong minor refineries see refining losses improve on lower feedstock costs

Negative refining margins for minor refineries in South China's Guangdong Province improved as feedstock prices declined, a survey found. The margin was minus Yuan 142/mt on average in theory Wednesday, versus minus Yuan 216/mt one week ago and minus Yuan 448/mt a year earlier, ...

Asia LPG prices buoyed by booming demand

CFR prices of LPG were seen firm on robust demand in Asian market, in spite of continuous losses in international crude prices, a survey found. CFR China prices of propane were assessed at US$636-641/mt Monday, versus US$623-628/mt last Friday, showed some data. Demand for spot ...
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