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China Brewed Plan of Adjusting Downward Export Drawback Rates of Some Products

Wang Xinpei, spokesman from China's MOC said that the nation is planning to adjust downward export rebate rates of some products based on current import and export conditions. According to Ministry of Commerce, cutting down export rebate rates of textile and synthetic leather ...

World phenol demand could lead to acetone overcapacity

BERLIN ,June 16-Worldwide demand for phenol could create a surplus of some 200,000 tonnes of acetone by 2015, a company executive said on Wednesday. Michael Foeste, phenol product manager at Mitsui & Co Deutschland, said worldwide phenol growth was expected to be a around 5%, ...

BASF headquarters will be in new, $100M Florham Park building

BASF headquarters A $100 million building will be constructed on the former Exxon-Mobil site to serve as the chemical company BASF s North American headquarters, according to the Rockefeller Group, owners of the property. The move will be announced tomorrow by the Rockefeller ...

Bayer Sees Polyurethane Volumes Returning to Pre-Crisis Levels

June 14 (Bloomberg) -- Bayer AG, the world s biggest maker of foam-like materials used in construction and upholstery, expects to crank out plastics at volumes close to pre-crisis levels as customers in Asia race to meet demand. I am optimistic we may this year already reach the ...

NE China province selects sites for nuclear power station

Chinese experts have started to evaluate the best place to build the first nuclear power station in northeast China's Heilongjiang Province, Xinhua learned from a power generator Thursday. Four sites have been found along the valleys of the Songhua and Mudanjiang rivers with one ...

Merck KGaA Resumes Stimuvax Studies in Lung Cancer

June 17 -- Merck KGaA is resuming tests of its experimental cancer vaccine Stimuvax in lung tumor patients after getting clearance from U.S. regulators. Authorities have lifted the hold on two of the three late- stage clinical trials of the therapy, a global lung cancer trial and ...

E China's Jiangsu builds nation's first super clean oil tanker

BEIJING, June 17 -- A 7,500-tonne oil tanker for transporting liquid chemicals, the first super clean vessel for such a purpose ever built in China, has been delivered to the ship-owner in the Netherlands. Built by Jiangsu Ganghua Shipyard Co. Ltd. in Taixing in eastern China's ...

Shell Pakistan sells LPG business to OPI Gas

ISLAMABAD, June 17 -- Shell Pakistan said that it has agreed to sell its liquefied petroleum gas (LPG) business to OPI Gas (Private) Limited, local media reported Thursday. OPI Gas will acquire 67.91 percent shareholding in Shell Gas LPG, Shell Pakistan said in a statement on ...

China reviews 2005 anti-dumping measures on imported hydrazine hydrate

BEIJING, June 17 -- China has started reviewing the anti-dumping measures it imposed in 2005 on hydrazine hydrate imports from Japan, Korea, the United States and France, the Ministry of Commerce (MOC) said Thursday. The MOC will examine the possibility of continuing the measures ...

German Stocks Rise; MAN SE, BASF Shares Lead DAX Index Higher

June 16 -- German stocks rose for a third day as gains at MAN SE and BASF SE overshadowed a report that showed U.S. builders broke ground on fewer homes than anticipated. MAN advanced 1.4 percent as rival Volvo AB reported a surge in truck deliveries. BASF rose with European ...

Reliance Lagging Sensex Shows Ambani Needs to Expand

June 17 -- Billionaire Mukesh Ambani s Reliance Industries Ltd., India s largest company by market value, must tap the country s hunger for power and communications to boost the stock that has lagged behind key benchmarks, investors say. The oil refiner and energy explorer has ...

Zhenhua Heavy Industry signs RMB 1.15 bln contracts

Zhenhua Heavy Industry Co. Ltd. (Zhenhua, 600320.SH) has concluded two major deals worth a combined RMB 1.15 billion. Zhenhua has signed a contract with Abu Dhabi National Oil Company to buy a 3,800-ton heavy-lift pipelaying vessel for $110 million (RMB 750 million). The vessel ...

Amcor to acquire plastic packaging business of Ball Corporation

June 16-Amcor Limited, an Australian packaging company, has entered into an agreement to acquire the Americas-based plastic packaging business of Ball Corporation, a US-based provider of rigid metal and plastic packaging products and services, for approximately $280 million. The ...

Global chemical mergers and acquisitions are making a comeback

p>CASH-RICH buyers are on the prowl, seeking growth through acquisitions. Strategic buyers with strong balance sheets are well positioned to make deals as financing is widely available for good credit. And private equity firms could become a force once again. Global chemical ...

US, states may demand more money from BP to cover oil damages

HOUSTON ,June 14-Shares of BP fell by more than 7% on Monday on the New York Stock Exchange, as state and federal governments may demand that the company pay more money to cover damages caused by the oil spill in the Gulf of Mexico. The White House plans to pressure BP to fund an ...

3rd Methanol-DEM/LPG conference meets you Shanghai

Dimethyl Ether (DME), the once God s favoured one, now becomes somewhat miserable. The previously planned projects are still being under construction. And the situation of the unbalance between supply and demand keeps being intensified. What s more, there often happened the ...

PX and Isomer-MX assessments--June04

p>PX and Isomer-MX commentaries can be found on PCA 560, PCA 710 and PCA 330; Credit differentials calculated using 1-3 month LIBOR +1.5%. LIBOR rates published on PCA798. daily isomer-MX assessments on PCA 645, weekly PX assessments on PCA 337; weekly Iso-MX assessments on PCA ...

Asian PX/iso-MX Price changes --June04

p align="left">CFR Asia, down $120, or 11.3%, from May. Separately, Sinopec nominated its June CP at Yuan 7,600/mt ($933/mt on an import-parity basis), down Yuan 800, or 9.5%, from May. Tuesday, two Asia-origin parcels for July arrival were heard at $915/mt CFR, and another deal ...

China solicits public opinion to protect polluted lake

p>BEIJING, June 3 -- A draft regulation on the protection of water resources and ecological environment of the Taihu Lake, the third largest freshwater lake in China, was made public Wednesday to solicit opinions. According to the draft posted on the website of the State Council...

Sinopec's Xinchang Gas Field Ready to Start Operation

div id="content"> China Petroleum & Chemical Corp. (600028.SH) said on its official website the first horizontal well of one of Xinchang Gas Field's reservoirs has been able to yield high-production gas flows at a daily volume of 85,000 square meters. The reservoir is located in ...
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