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Thailand's PTT tenders to buy 22,000mt of refrigerated LPG

Thailand s PTT issued a tender late Tuesday to purchase 22,000mt of refrigerated LPG at a half-to-half ratio for delivery in the second half of August, traders said. Bids due Aug 11, with validity till the same day.

China: Guangdong minor refineries still plagued by deep refining losses

Minor refineries in South China's Guangdong Province still suffered from steeply negative refining margins on stable feedstock costs and product prices, a survey found. The margin was minus Yuan 216/mt on average in theory Wednesday, flat with one week ago, versus minus Yuan 288...

China: PetroChina Jinxi Petchem to refine 42% less crude oil in Aug

PetroChina Jinxi Petrochemical set crude oil throughput target for August at 290,000mt, slumping 42% from the previous month, a source with the refinery said. The refinery shut a 1.5-mil-mt/yr coker for 45-day maintenance on Aug 1, the source said. It plans to revamp a 3-mil-mt...

China: PetroChina Daqing refinery cuts Aug crude oil throughput target by 53% on turnaround

PetroChina Daqing refinery plans to refine 290,000mt of crude oil in August, sharply down 53% from the previous month, according to a refinery source. The refinery would start overhauling all of its units from Aug 17, expected to last 45 days, the source revealed. Daqing refinery...

China: Shandong Hongye to Launch PU Resins Project in Late August

Shandong Hongye Chemical Industrial Group announced recently that its sole resin and PU resin project successfully finished commissioning in early August and was predicted to launch in the end of August. According to relevant person in the company, the project would consume 40 ...

China: S. China's Shenzhen to implement GB IV automotive gasoline standard in Oct

Shenzhen City in South China's Guangdong Province plans to put into effect GB IV automotive gasoline standard from Oct 1, a survey found. The Shenzhen municipal government recently inked the Shenzhen City GB IV Automotive Gasoline Supply Agreement with Sinopec, PetroChina and ...

China: PetroChina to ship 1.69-mil mt of distillates to southern China in Aug, down 2.65% on month

PetroChina plans to transport by barge a combined 1.69-mil mt of gasoline and gasoil from Northeast China to southern China in August, down 2.78% on month, a survey found. The supply of gasoline is 694,000mt, down 4.37% on month, and gasoil declined 1.67% to 995,000mt. The oil ...

Chemtura Reveals Plan to Finance Bankruptcy Exit

Chemtura Corp. plans to offer $450 million in aggregate principal amount of unsecured senior notes due 2018, the company said Aug. 9. The proposed offering is part of Chemtura s exit financing package in line with its Chapter 11 plan of reorganization, if the plan is confirmed by ...

China: Cangzhou Dahua Reported Sharp Growth in TDI Profit in H1, 2010

Hebei Cangzhou Dahua Co. Ltd. reported first-half 2010 results last Thursday. Operating revenue was up by 36% year-on-year to Rmb 1191 million while net profit rose to Rmb 62.12 million, up by 16% compared with the same period last year, with earning per share of Rmb 0.24. In the ...

January 7, 2010, DSM Take Full Ownership of US Nylon Producer

The global Life Sciences and Materials Sciences company headquartered in the Netherlands, and Shaw Industries Group, Inc. announce today that DSM has acquired full control of the PA6 polymerization facility of Nylon Polymer Company LLC (NPC) in Augusta (Georgia, United States). ...

January 1, 2010, Lanxess Acquires PTAP Active Ingredient Product Line From Clariant

Specialty chemicals major, Lanxess has acquired the the PTAP product line from Clariant effective January 1, 2010. The active ingredient p-tert-amylphenol (PTAP) complements the phenolic active ingredients portfolio of LANXESS' Material Protection Products (MPP) business unit. ...

Dow Chemical Announces Immediate Copolymer Polyol Price Hike

Effective immediately or as soon thereafter as the applicable contract allows, The Dow Chemical Company ( Dow ) will increase its price for VORANOL Polyether Copolymer Polyols $0.08/pound for all market segments and end-use applications in the United States. All other contract ...

Europe's Transitgas pipeline shut until end-August

The Transitgas pipeline, taking natural gas from the German border through Switzerland, will not resume exports to Italy until the end of August. Switzerland-based system operator Transitgas failed to receive government approval to resume normal exports to Italy, and the ...

Dow Announces Polyolefin Elastomers Expansion

The Dow Chemical Company (Dow) announced today a technology breakthrough project that will increase polyolefin elastomers manufacturing capacity at its production facilities in Freeport, Texas, (U.S.A.) and Tarragona, Spain. The capacity expansions, in conjunction with SCG-Dow ...

Asia PE producers sell Sep cargoes ahead of Northeast Asian holidays

Asian polyethylene producers are starting to offer cargoes earlier than usual in anticipation of a slowdown in demand end-September and early October when the Chinese market will be closed for two holidays, market sources said this week. Southeast Asian producers, in particular, ...

USG-Asia MX arbitrage swings opens on jump in FOB Korea prices

A US-Asia mixed xylenes arbitrage swung open on Tuesday, as the FOB Korea H1 October assessment shot up $17 (5.60 cents/gal) to $828/mt overnight,according to Platts data. This morning in the US August MX was bid at 246 cents/gal ($745/mt) and offered at 256 cents/gal. Freight ...

ExxonMobil says no plans to exit Qatar Ras Laffan petrochemical JV

ExxonMobil has denied media reports that said the major was exiting its joint venture petrochemical project with Qatar Petroleum at Ras Laffan in Qatar. "We signed a heads of agreement with Qatar Petroleum in January 2010 to progress the joint development of a world-scale ...

Algeria's Sonatrach seeks 44,000mt of refrigerated LPG via tender

Sonatrach, Algeria's state energy company, floated a tender to buy 44,000mt of refrigerated LPG for delivery in Sep 14-Oct 2, traders said Tuesday. Close date and validity period were unknown. Sonatrach has signed a long-term LPG supply contract with a Japanese importer on ...

Australian oil industry acting on lessons of Montara spill: APPEA

Australia's oil and gas industry has undertaken comprehensive reviews of its practices and operations in response to last year's oil spill and rig fire at PTT Exploration and Production's Montara well in the Timor Sea, the head of the local upstream industry association said ...

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

p>China's crude oil imports in July fell to 19-mil mt, down 14.68% from the previous month, 3.21% lower than a year earlier, according to data from the General Administration of Customs. Market sources ascribed the on-month drop to less crude oil throughput of state-owned ...
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