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Hyundai concept car features BASF advanced plastics

June 25-The eye-catching "i-flow" concept car presented by Hyundai at the Geneva Motor Show features many of the advanced polymers and pigments which chemicals firm BASF will showcase at the K 2010 show in October. BASF's contributions to the i-flow aim at weight reduction, ...

Ford to expand use of soy-based plastics

June 24-Ford Motor will use a soybean urethane foam blend in the seats for the next generation of its Explorer sport utility vehicle, which hits the roads later this year, and claims it will use soy in nearly 100% of its vehicle fleet by the end of 2010. The US-based automaker ...

US DEEPWATER DRILL BAN OPPONENTS SEEK ENFORCEMENT OF INJUNCTION

Offshore supply companies Wednesday asked the US district court judge who lifted a moratorium on new deepwater drilling to enforce his injunction, which the companies say the federal government is defying. The companies say that the federal government is in "direct defiance" of ...

Support builds for shale gas in Australia Canning Basin: explorer

Two reports and a A$150 million ($132 million) farm-in deal at a neighboring tenement support New Standard Energy's belief that the onshore Canning Basin in Western Australia has significant potential for commercial shale gas production, the Australian oil and gas explorer said ...

Latest draft law to boost offshore drilling safety

The country's top legislature has highlighted the safety of its offshore pipelines, amid growing worldwide concern following the Gulf of Mexico oil spill. The latest draft law on oil and natural gas pipelines has authorized the State Council, the country's Cabinet, to make a ...

China's SOEs profit & revenue surge Jan-May

The aggregate profit of China's State-owned enterprises (SOEs) in the first five months surged 65.8% to RMB 749.29 billion, the Ministry of Finance said Tuesday. Combined business revenue of SOEs stood at RMB 11.5 trillion in the period, up 44.5% year-on-year; the profit growth ...

Anadarko on the offensive

Anadarko Petroleum, a minority stakeholderof the hydrocarbon-spewing Macondo well inthe Gulf of Mexico, sought to further downplayJune 21 its financial exposure to cleanup andliability costs by releasing a copy of its jointoperating agreement with operator BP thatsuggests the ...

Judge in moratorium case strongly questions ban

Federal District Court Judge Martin Feldman on June 21 said he would rule soon on the US Gulf deepwater rilling moratorium and appeared to be leaning toward invalidating it.Feldman said he would rule by June 23, and possibly as early as noon June 22, on a motion to declare the ...

Coal India to issue 6mn t coal tender

State-owned producer Coal India (CIL) has received board confirmation to buy 6mn t of coal in an international term tender, and the firm is preparing for an initial public offering (IPO) in August. CIL is likely to buy 6,000 kcal/kg coal on an NAR basis at $80-85/t for delivery ...

ACC: 'Industry Operations Have Largely Returned to Normal'

The U.S. chemical industry is moving towards self-sustaining growth, driven by rising demand, business investment, and cost advantages, ACC said in its mid-year outlook. Chemicals output rose 6.6% year-on-year in May, and is forecast to rise 6.8% for all of 2010. The recovery has ...

Bill overhauling offshore drilling introduced in US Senate

June 22 - Legislation that would create three separate federal agencies to administer offshore oil and gas exploration, extend the time to consider drilling permits and make the industry pay for increased safety inspections was introduced late June 21 in the US Senate. The ...

Reliance aims to be global top-ten elastomer maker

June 23-India's Reliance Industries aims to be among the top ten elastomer makers in the world. The company's chairman and managing director, Mukesh Ambani, outlined the ambition at the annual shareholders' meeting in Mumbai last week. He said: "Reliance is the largest player in ...

Judge who overturned drilling ban had shares in oil industry

The U.S. federal judge who overturned deepwater drilling ban in the Gulf of Mexico, had shares in the energy industry, media reported on Wednesday. District Judge Martin Feldman's most recent financial disclosure forms showed that he owned roughly 15,000 U.S. dollars in ...

Oversupply, declining demand growth worry Asian PVC

SINGAPORE ,June 23-A likelihood of oversupply and softening demand growth in the key China market has unleashed anxiety among chlor-alkali players in Asia, ahead of the 14th Asian Chlor-alkali Conference, which starts on Thursday in Shanghai, China. However, strong performance of ...

US naphthenic base oil exports shrivel on turnarounds, demand

HOUSTON ,June 23-US exporters have stopped shipping certain grades of naphthenic base oils because turnarounds and domestic demand have eliminated excess supply, market players said on Wednesday. "Now we can't get any naphthenic base oil, because the American market is very tight...

Asian Weekly LLDPE Price Assessments - 23Jun,2010

p>(USD/MT) CFR FE Asia CFR SE Asia CFR South Asia LLDPE 1149-1151 1169-1171 1234-1236 CHINA DOMESTIC 9800-9850 (Yuan/mt ex-works)

Asian Weekly PP Price Assessments - 23Jun,2010

p>(USD/MT) CFR FE Asia CFR SE Asia CFR S Asia PP RAFFIA/INJ 1179-1181 1219-1221 1239-1241 IPP FILM 1209-1211 1239-1241 1259-1261 BOPP 1209-1211 1239-1241 1259-1261 BLOCK COPOL 1309-1311 1329-1331 1329-1331 CHINA DOMESTIC RAFFIA/INJ 10249-10251 (Yuan/mt ex-works)

Polish power utility Tauron to increase coal production

Polish utility Tauron plans to increase coal production by 50pc by 2012 to reduce its dependence on external suppliers, the company said its initial public offering (IPO) prospectus. Tauron is investing in coal production because it envisages that the fuel will remain its key ...

Huntsman Explores Options to Further Expand its JEFFAMINE(R) Polyetheramine Manufacturing Capacity in Asia

THE WOODLANDS, Texas -- The Performance Products division of Huntsman Corporation (NYSE: HUN) announced today that it has launched a study into options to further expand its JEFFAMINE polyetheramine manufacturing capacity in Asia. This follows recent announcements of expansion in ...

China to scrap export rebates despite yuan rise

BEIJING/SHANGHAI (Reuters) - China will scrap tax rebates to exporters of dozens of commodities including key steel products, corn starch, rubber products and ethanol, the finance ministry said, while they also face a rise in the yuan. The decision has disappointed local steel ...
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china

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IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
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finance

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Retailer's Net Profit Falls 3%
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trade

sports

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