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Santos in Talks with Sinopec About LNG Project, Australian Says

p>June 11 -- Santos Ltd. is in talks with China Petroleum & Chemical Corp. about a potential A$400 million sale of a stake in its Queensland liquefied natural gas project, the Australian newspaper said. A senior team from Santos, which owns 60 percent of the Gladstone LNG joint ...

Obama wants BP escrow account

Jun 13-The move comes as Obama, who will address the nation about the spill on Tuesday night, faces questions on his handling of the disaster, which was in its 55th day. Millions of gallons of oil have poured into the Gulf since an April 20 offshore rig blast killed 11 workers ...

BPF calls Defra's recycling target 'unrealistic'

June 11-In its response to Defra s packaging consultation, the British Plastics Federation (BPF) strongly disagrees with the 56.9% 2020 plastics packaging recycling target and the proposal to split plastics recycling by polymer type. The BPF reiterated its earlier call for a ...

China polyester capacity to expand by 2.45m tonnes/year in 2010

SINGAPORE ,June 11-China's polyester capacity is expected to increase by 2.45m tonnes/year in 2010 with eight new plants to come on line following the start-up of China s Jiangsu Shenghong Chemical Fibre s 200,000 tonne/year polyester yarn unit this week, market sources said on ...

Mexico City plans to link tenure tax to pollution levels

MEXICO CITY, June 10 -- Mexico City plans to link the tenure tax on vehicle owners to the autos' pollution levels and channel more of the proceeds into public transport, Mexican broadcasters said on Thursday. The city currently earns around 5 billion pesos (417 million U.S. ...

Spartech Corp achieves earnings of USD4.5m for second quarter

Jun 10-Spartech Corp (NYSE:SEH), a producer of plastic sheet, compounds and packaging products, reported on Wednesday net income from continuing operations of USD4.5m (USD0.15 diluted earnings per share) for the second quarter of 2010. This represents an increase when compared to ...

DJ Saudi Arabia's Current Oil Output Capacity Seen Good To 2015-Minister

LONDON ,Jun 10-Saudi Arabia oil minister Ali Naimi said he believed the kingdom's current oil production capacity will be "comfortable" for another five years, if not longer, based on current energy demand trends, according to comments he made to an industry trade publication ...

Third MDL conference meets you in 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 ...

China's power supply to meet demand this summer: NDRC

An official with China's economic planning agency said on Thursday that the nation's power supply would meet its general demand, though regional black-outs are likely to occur during peak hours. Liu Tienan, deputy minister of the National Development and Reform Commission (NDRC), ...

Papandreou Unwinds Greek Socialist Past to Confront Corruption

June 11 -- Socialist Prime Minister George Papandreou promised to undo decades of welfare policy to win an international bailout for Greece. Keeping the lifeline will force him to reverse another legacy left by past leaders, including his father: corruption and a bloated ...

2010 Dow Corning Science Day Opens in Zhangjiagang

Zhangjiagang, Jiangsu Province, China Dow Corning Corporation, a global leader in silicones and silicon-based technology and innovation kicked off Fascinating Silicone in Life today. The company will offer its popular science education program at its major manufacturing base in ...

China introduces resource tax in Xinjiang

China's government Tuesday introduced a new tax on sales of crude oil and natural gas in the western Xinjiang Uygur Autonomous Region, the Ministry of Finance (MOF) said Wednesday. The 5 percent tax is aimed to increase revenue for the local government of the resource-rich ...

BP makes initial progress in containing oil leaking

More than half of the oil leaking each day in the Gulf of Mexico is now being captured and the British Petroleum (BP) will restore the gulf to its original state, BP's chief executive Tony Hayward said Sunday. Speaking on the BBC's Andrew Marr Show, Hayward said a containment cap ...

June IPEX falls 2.7%, reversing previous growth

LONDON ,June 1-The ICIS Petrochemical Index (IPEX) fell by 2.7% in June, reversing six months of growth. The decline brought the June index down to 290.38, a fall of 8.17 from May. Benzene and polypropylene prices declined in all regions, while there was a significant decrease in ...

GNFC takes up two new chemical projects in state

div align="justify">The Gujarat Narmada Valley Fertilisers Company Ltd (GNFC) claimed that the projects taken up by the company will take the state's chemical and fertiliser industry to new heights and would also attract new industries. With the capacity expansion of 50,000 MTPA ...

Sinopec Starts Expansion of Shijiazhuang Refinery

p>June 1, China Petroleum and Chemical Corporation (Sinopec, 600028.SH, 0386.HK, NYSE:SNP), China's largest oil refiner, said Tuesday on its website that it started work on the oil quality upgrade and expansion project at its Shijiazhuang oil refinery plant on Saturday. The ...

FECC Elects Edgar E. Nordmann as New President

p>At their annual general assembly meeting, members of the European Association of Chemical Distributors (FECC) unanimously elected Edgar E. Nordmann, chairman of the board of Nordmann, Rassmann (NRC), as its new president. Nordmann succeeds Mauro Di Vito, managing director of ...

China Starts Trial of New Energy Car Subsidies in 5 Cities

p>June 2, China will grant subsidies of up to RMB 60,000 for plug-in hybrids and pure electric cars and will run a trial scheme in five cities, the Ministry of Finance said Tuesday in a statement on its website. The trials will run in Shanghai, Changchun, Shenzhen, Hangzhou and ...

US ethylene for May drops 7.75 cents/lb on spot pressure

HOUSTON (ICIS news)--US ethylene contracts for May settled on Wednesday at a drop of 7.75 cents/lb ($171/tonne, ?40/tonne), falling by 15% from April due to continued pressure from the spot market. The settlement put May ethylene at 44.75 cents/lb, according to ICIS pricing. The ...

Bock Named Next Chairman of BASF

BASF has appointed Kurt Bock to succeed J rgen Hambrecht as chief executive and chairman of the company's board of executive directors. Martin Bruderm ller will become vice chairman. Both appointments take effect following BASF's annual meeting on May 6, 2011. Kurt Bock is an ...
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