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Spain: Endesa urges Spain to ditch domestic coal obligation

The Spanish government should abandon its current support for domestically produced coal as it seeks to come up with a new long-term framework for the electricity sector, Andrea Brentan, chief executive of Enel-owned utility Endesa, said Wednesday. The current Socialist ...

China: Laihe's 50kt/y Bio-based Polyols Facility to Put on Stream Soon

Songyuan Laihe s 200kt/y straw bio-refining facility completed construction while its 50kt/y bio-based polyols facility would soon finish construction and put into operation. The company started the study of biomaterials in the application of new energy and new materials in 2007. ...

Malaysia: Deepwater to generate 30-40% of Malaysia oil output by 2020:official

Production from deepwater fields is expected to account for 30-40% of Malaysia's total oil production by 2020, a senior official from Petronas Carigali, the upstream arm of national oil company Petronas, said Tuesday. Malaysia's oil production currently stands at around 650,000 b...

China rejects largest energy consumer tag

China is rejecting IEA estimates that the country surpassed the US as the world's largest energy consumer last year, labelling the data as inaccurate. The IEA's data could be used as a reference but should not be trusted , Zhou Xi'an, a section chief with China's national energy ...

China:Freight rates for shipping fuel oil southwards remain stable amid weak demand

The freight rates for delivering fuel oil from northern China to East and South China have been stable recently though shipping demand stays weak, C1's survey with ship owners found. For 3,000-DTW oil tankers moving from Dalian to Zhoushan, the freight rates were Yuan 85-95/mt on ...

South China settles first spot LPG deal for Aug import

A South China-based importer bought on Monday 22,000mt of imported propane for August delivery, said a Singaporean trader. This was the first spot deal for August delivery to South China. This cargo from a European trading company was traded at US$575-579/mt under CFR terms, ...

China:Power Brownouts in Zhejiang and Chemical & Fiber Industry

Zhejiang Province decided to limit power used by high energy-consuming and high emission producers from 1 July to 13 September. The period will be divided into five phases. Herein CBI Chemical & Fiber Team made a one-week-long survey on the influence of the power brownouts on the ...

China:N. China boosts crude output by 29.36% yoy in Jan-Jun: NBS

North China hiked crude output by 29.36% year-on-year to 20.56-mil mt in the first half of 2010, shows the data from the National Bureau of Statistics. The growth was the largest among Chinese regions. Tianjin in North China boosted crude output by 43.98% to 15.07-mil mt in the ...

Abu Dhabi:Air Products to open office in Abu Dhabi; forms joint venture to boost business presence

Story Tools LEHIGH VALLEY, Pa. (AP) - Air Products and Chemicals Inc. said Monday it plans to open an office in Abu Dhabi to expand its business presence in the Middle East. Air Products, which manufactures specialty gasses and materials, also said it will create a subsidiary ...

Saudi Sabic Q2 Net Profits Up 177 Percent Over 2009

RIYADH (AFP) - Saudi petrochemicals giant Sabic on Sunday reported second quarter net profits of 5.02 billion riyals (1.34 billion dollars), 177 percent over the same period in 2009, but down 7.6 percent from the first quarter of 2010. Saudi Basic Industries Corp, the Gulf's ...

China:Demand in China's High-end Chemical Industry Depends Highly on Imports

China's petroleum and chemical industry, which occupied more than 12% of industrial output value, kept strong growth momentum. According to Zhao Jungui, vice president of China Petroleum and Chemical Industry Association, gross indusrital output value in the past five months of ...

China:PetroChina boosts gasoil wholesale prices amid tightening supply after pipeline explosion

PetroChina pushed up wholesale prices of gasoil in southern China, as its supply tended to be tight in the wake of pipeline explosion in Northeast China's Dalian, C1's survey found. The oil giant raised gasoil wholesale prices by Yuan 50/mt in Jiangsu, Zhejiang and Shanghai in ...

China: Sinopec, Rizhao Port Group to start operation of 300,000-DWT crude jetty in Nov

Sinopec and Rizhao Port Group in Shandong are likely to begin operation of a joint-venture 300,000-DWT jetty for crude in Lanshan District's Beigang, according to a source with Rizhao Port Group. "The construction of this jetty is basically completed, but inspection will take ...

Britain: BMS expands capabilities for medical coatings development

Bayer MaterialScience (BMS) has recently made improvements to its Medical Coatings Development Centre in Sheffield, UK, extending its capacity for feasibility studies and customer development support. The R&D facility is solely dedicated to the Baymedix C portfolio of coatings ...

Estimated Global Capacity for Butanediol Reached 1.9 mln Tons in 2009

Worldwide butanediol (BDO) capacity has been growing at a sizeable rate during the past years. Estimated global capacity reached 1.9 mln tons in 2009. The most notable increases in production were observed in Asia. Consolidation of older and non-integrated plants is expected in ...

China: Zhejiang Spandex Manufacturers Intended to Raise Prices Largely due to Electricity Limit

Some spandex manufacturers in Zhejiang, China had gradually cut down operation rates or shut down due to electricity limit measures adopted in Zhejiang province. As a result, manufacturers reached an agreement to adjust upward prices by Rmb 1000-2000/ton. The spandex capacities ...

China: U-NUS KOREA Introduced High-end TPU Materials to China

U-NUS KOREA has recently introduced its high-end Extigen TPU products to Chinese market. According to relevant person in U-Nus China Chemical Co., Ltd., Extigen, as halogen-free flame retardant TPU, showed excellent stability and reliability, with LOI of 33%. Meanwhile, it had ...

China: Three oil majors differ on retail market expansion in 2010

China three state-run oil giants: PetroChina Co Ltd, Sinopec Corporation and China National Offshore Oil Corporation (CNOOC), started to change their strategies in developing oil retail market in 2010, but the three's strategies differ. Sinopec switched from increasing retail ...

2010 International Coal-Based Gaseous Energy Summit Meets you Sept

Netsun-ChemNet and Investment Promotion Bureau of Xinjiang Uyghur Autonomous Region plan to hold together 2010 China Coal-Based Gaseous Energy Summit(international)& Xinjiang Energy Chemical Projects Promotion Conference in late Sept. This is the top international summit on ...

Soco exits Thailand's upstream

Soco International is selling its Thai upstream assets to fellow UK independent Salamander Energy as it looks to bankroll its growing expansion in Vietnam. Salamander will pay $105mn to buy the 40pc of the B8/38 licence in the Gulf of Thailand that it does not already own. It is ...
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