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PetroChina to earn $2.7b from gas price hike

PetroChina Co, the country's biggest oil and gas producer, with an 80 percent share of the domestic natural gas market, was expected to earn over 18.4 billion yuan ($2.70 billion) as the prices of natural gas climbed up 25 percent Tuesday, according to media reports. China ...

European Polymer Spot Prices ($/mt) - 2JUN10

p>New York (Platts)--02Jun10/0612 pm EDT/ 2212 GMT FOB FD NWE FCA ANTWERP CFR RUSSIA CFR TURKEY NWE CONTRACT St Petersburg) (Istanbul) PVC Susp 980-990 1165-1189 --- 690-730 1050-1060 LDPE G-P 1530-1540 1678-1684 1275-1280 1320-1330 1520-1530 LLDPE (Butene) --- 1635-1641 1225...

Silgan Announces Authorization for Stock Repurchases

STAMFORD ,Jun 2-Silgan Holdings Inc. (Nasdaq: SLGN), a leading supplier of consumer goods packaging products, announced today that its Board of Directors has authorized the repurchase of up to $300 million of the Company's common stock from time to time over a period of three ...

Bioplastics are good for business claims EBA

June 2-Green investments are the best way to beat the financial crisis, according to a summary of the findings of a poll conducted by the European Bioplastics Association of its members. The bulk of companies questioned reported healthy growth figures for 2009, in some cases ...

Asian Weekly LLDPE Price Assessments - 2Jun10

p>Singapore (Platts)--2Jun2010/731 am EDT/1131 GMT (USD/MT) CFR FE Asia CFR SE Asia CFR South Asia LLDPE 1189-1191 1224-1226 1329-1331 CHINA DOMESTIC 10100-10200 (Yuan/mt ex-works) Plastic and Rubber Customization Services of China ChemNet Introduction: Based on the information ...

DuPont offers a clearer view of medieval art

June 2-A new staircase with glass balustrades made of toughened glass laminated with DuPont s SentryGlas is one of the architectural highlights of the new Daylit Gallery at the Victoria & Albert (V&A) museum in central London. The use of the SentryGlas interlayer has enabled the ...

Sinopec to boost unconventional gas production capacity by 2015

p>Sinopec Group (Sinopec)(600028), the country's second-largest oil company, plans to increase its unconventional gas production capacity to more than 2.5 billion cubic meters annually by the end of 2015, a move in line with China's efforts to diversify its energy mix. Sinopec ...

Petchem upturn may just be temporary respite - consultant

LONDON ,June 2-The chemical industry s strong upturn during the first quarter of 2010 may be a temporary respite from a longer-term downtrend, rather than the start of a sustained recovery, an industry consultant said on Wednesday. Paul Hodges, chairman of International eChem, ...

Asia tyre makers shun Q3 SBR contract, prefer spot buying

SINGAPORE ,June 2-Tyre producers in Asia will turn to more spot buying in the third quarter as they expect styrene butadiene rubber (SBR) prices to weaken on concerns over a slowing Chinese economy and falling feedstock butadiene (BD) values, market players said on Wednesday. ...

Europe debt crisis takes dent on China

p>The European debt crisis and the plummeting euro are taking a toll in China, as a rapidly strengthening Chinese yuan has eroded the competitiveness of its goods in Europe, the country's largest overseas market. Insiders also said that the dwindling exports to countries like ...

BP seeks to reassure investors over oil spill cost

BP will seek to patch up its battered share price by reassuring investors the cost of cleaning up the oil spill in the Gulf of Mexico is manageable and will not affect dividends, British media reported on Wednesday. The oil major's Chief Executive Tony Hayward will tell investors ...

Monsanto's 475-ton seed donation challenged by Haitian peasants

p>WASHINGTON (CNS) -- Advocates for Haitian peasants said a U.S.-based company's donation of up to 475 tons of hybrid vegetable seeds to aid Haitian farmers will harm the island-nation's agriculture. The advocates contend the donation is being made in an effort to shift farmer ...

China bets on state-led scientific research system to shift economy

p>Chinese government has renewed and strengthened its leadership policy of scientific research programs, which observers say is an essential move to increase the country's innovative capacity. The State Council, or Cabinet, issued a guideline for further economic reform early ...

Indonesian president defends expansion of palm oil plantation

Indonesian President Susilo Bambang Yudhoyono said on Thursday that the expansion of palm oil plantation in the country would not destroy environment. Earlier, European campaigners said the opening of new plantations for palm oil in Indonesia has damaged the local environment. ...

Reach: EU Inspectors Find 24% of Firms in Non-compliance

Regulatory authorities from European Union (EU) member states say from an inspection program that 24% of companies with Reach obligations failed to comply with the regulation. The inspections were undertaken between May and December 2009. From a total of almost 1,600 inspections, ...

US propylene for June drops 8 cents/lb on weaker demand

p>HOUSTON (ICIS news)--US propylene for June settled down by 8 cents/lb ($176/tonne, 144/tonne), market sources said on Thursday, pointing to a correction from weaker demand and a continued slide in spot prices. The settlement puts polymer-grade propylene (PGP) at 55.50 cents/lb ...

FECC Congress: Industry Recovery is Slow in Spain

div>Chemical production in Spain is expected to be broadly flat in 2010 compared with 2009 as the industry struggles to cope with the effects of the global economic and financial crisis and continued uncertainty and volatility in the euro zone, says Fernando Iturrieta, president ...

ChemNet grandly launch China Chemical Weekly

p>Recently China Chemnet grandly launched another platform China Chemical Weekly. This weekly can help everybody enlarge the communication with the industry. The content of the weekly covers mainstream products weekly hot news, market dynamics, representative product weekly price ...

Plastic bag charge no longer carries weight, two years on

p style="font-size: 14px">Beijing shoppers' use of plastic bags is picking up again, two years after the implementation of a policy requiring retailers to charge for the bags. The policy, in the opinion of some ecology-minded nongovernmental organizations, is losing power. "Some ...

Asia tyre makers shun Q3 SBR contract, prefer spot buying

div>SINGAPORE (ICIS news)--Tyre producers in Asia will turn to more spot buying in the third quarter as they expect styrene butadiene rubber (SBR) prices to weaken on concerns over a slowing Chinese economy and falling feedstock butadiene (BD) values, market players said on ...
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