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March 12, 2010, H.B. Fuller to Acquire Adhesives Manufacturer in Malaysia

The Vadnais Heights-based company has entered into a stock purchase agreement to buy Revertex Finewaters, an $18 million company that employs 104 and has one manufacturing facility. H.B. Fuller Company said Thursday that it intends to acquire a Malaysian adhesives supplier a move ...

January 7, 2010, Chemical Giant Evonik Industries AG Starts Operations in Lafayette, Indiana

LAFAYETTE, Ind. Evonik Industries AG, has completed the acquisition of Tippecanoe Laboratories and commenced its first official day of production in Indiana. In October, Eli Lilly and Company announced that it would sell the Tippecanoe Laboratories manufacturing facility to ...

Some peak oil followers dispute Simmons Macondo statements

Some followers of the peak oil theory had recently taken issue with comments by leading proponent Matt Simmons, who died Sunday, over the effects of the Macondo spill and had begun to question his credibility. Simmons, 67, died Sunday of an apparent heart attack at his home on ...

China's Sinopec to launch crude storage tanks at Cezi Island 2011

China's largest refiner Sinopec plans to complete construction of its 13.5 million cubic meter capacity (84.91 million barrels) commercial crude storage tanks at Cezi Island in East China's Zhejiang province in 2011, its parent company China Petrochemical Corporation said on its ...

Chemical leak prompts evacuation

p> A chemical leak this morning prompted the evacuation of a business and the closing of surrounding streets in north Wichita. The leak was reported at Millenia Products, 3201 N. Mead, at 8:52 a.m. Aug.09, 2010, a Sedgwick County dispatch supervisor said. Employees reporting to ...

Russia to monitor upstream, downstream oil with single system

Russia's energy ministry is developing a united monitoring system to review the county's oil production, transportation and refining in order to make the industry more transparent and reduce the illegal oil trade, a ministry spokeswoman said Tuesday. The ministry announced the ...

Light feeds remain most profitable for US steam cracker operators

US steam cracker operators saw margins mixed on the week as spot ethylene closed slightly lower week on week. Spot prices appeared to peak early in the week following several trades heard done at 37 cents/lb but have since pulled back on the expectation that Dow will restart its ...

August NWE paraxylene CP fully settled at Eur745/mt FD NWE

The August Northwest European paraxylene contract price has been fully settled at Eur745/mt ($987/mt) FD NWE, a fall of Eur40/mt from the July CP of Eur785/mt. The settlement was confirmed by consumer Invista and a producer on Friday, who said they had followed an initial ...

China: Tropical storm may delay LPG cargo arrivals in part of S. China

The tropical storm "Dianmu", which was formed in the sea east to Taiwan late on Aug 8, may delay some LPG barge cargoes to reach Fujian and east Guangdong in South China. Due to strong wind, some ships to pass the Taiwan Strait already took shelter in the evening of Aug 8, said a ...

China: CNGC Huajin Chemicals resumes operation

Huajin Chemical, a refinery subsidiary to the China Northern Industries Group Corporation, restarted its units on Aug 8, but it has not yet yielded products nor resumed the supply so far, a source with the refinery said. Prices of some downstream products rebounded since late ...

Philippines' JG Summit to run PE plant until Sep on good margins

Philippines' JG Summit is expected to continue running its 200,000mt/year high-density polyethylene/linear low-density polyethylene swing plant in Batangas until September on the back of good production margins, a company source said Tuesday. The company is a non-integrated ...

China's Jul crude oil imports fall 15% on month to 19-mil mt: GAC

US styrene offers for August were heard between 48 and 49 cents/lb on Monday, down slightly from last week as variable cost estimates were lower. One seller said any spot deal would have to be backed up with spot feedstock purchases. With spot benzene at 295 cents/gal for August ...

China to shut 25.87 million mt coking capacity by September

China's Ministry of Industry and Information Technology released Sunday a list of units in major energy-consuming industries, including coking and iron and steelmaking, set for elimination. The list included 192 coking companies that will shut batteries with a combined coking ...

Demand for spot ARA propane remains weak

Demand for spot propane in the Antwerp-Rotterdam-Amsterdam area remains extremely weak, according to industry sources. FCA propane loaded on trucks and railcars and FOB propane loaded on barges is used in many parts of Northwest Europe as a heating and cooking fuel, with summer ...

China: Huaying Petchem starts construction of 10-mil-mt/yr fuel oil blending base

Huaying Petrochemical started building a 10-mil-mt/yr fuel oil blending center in Daya Bay in Huizhou City of South China s Guangdong Province on Aug 9, boasting the largest one in China when completed in 2013, according to traders in Huizhou. The project would mainly comprise 1...

China: Sinopec to export from S. China 155,000mt of distillates in Aug, flat on month

Sinopec plans to export a combined 155,000mt of distillates produced by subsidiary refineries in South China in August, according to refinery sources. The exports comprise 80,000mt of gasoline and 75,000mt of gasoil, both flat with the previous month, the source revealed. In ...

China: Shandong Huaxing Petchem to start operation of 6-mil-mt/yr CDU Nov

Shandong Huaxing Petrochemical plans to start operation of a 6-mil-mt/yr crude distillate unit and a 1.4-mil-mt/yr coker before the end of November, according to a source with the refinery. With this new CDU on line, Huaxing Petrochemical's topping capacity will hit 8.5-mil mt/yr ...

US FERC monitors Florida gas market after prices spike

The US Federal Energy Regulatory Commission is monitoring the natural gas spot market at the Florida city-gates after prices shot up to $14/MMBtu last week at a time when generator demand was high and pipeline maintenance limited supplies, a FERC spokeswoman said. "Our staff is ...

China's July coal exports up 12.1% on-year

China exported 1.39 million mt of coal in July, up 12.1% on a year earlier and 9.4% higher than in June, according to preliminary figures released by China Customs Tuesday. In January-July of 2010, China exported a total 11.53 million mt of coal,down 10.8% from the 12.92 million ...

Japan's Inpex considering stake sale for Ichthys LNG buyers

Japan's Inpex Corp is considering selling stakes in the upstream portion of its Ichthys project in Australia to prospective LNG buyers, a company official said Tuesday. The company has already received interest from some buyers in taking upstream stakes, the official said. But as ...
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