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Oil from Gulf gusher captured by tube rises to 5,000 barrels a day: BP

HOUSTON, May 20-British oil company BP said Thursday a mile-long tube inserted into a undersea gusher over the weekend was now siphoning 5,000 barrels of oil a day. "The oil plume escaping from the riser pipe has visibly declined today," BP spokesman Mark Proegler said after BP ...

Asian petchem values plunge on destocking, poor sentiment

SINGAPORE ,May 20-Petrochemical prices in Asia plunged this week, partly due to destocking activities, with a strong likelihood of further declines amid high inventory levels and prevailing poor market sentiment, market players said on Thursday. Mounting concerns over Europe s ...

Needham's pithy advice kickstarts PDM10 conference

May 20-Keynote speaker Sir Richard Needham engaged conference delegates with a trenchant address to open the Moulding Business Debate at the PDM10 trade show, Telford, on Tuesday (18 May). The director for international and commercial affairs (and sometime deputy chairman) at ...

Bayer's polycarbonate roofing suits sports venues

May 20-This year's German-Brazilian Economic Meeting in Munich on 31 May and 1 June will focus particularly on major upcoming sporting events to be held in Brazil. Bayer MaterialScience will present innovative concepts based on plastic sheeting in its Makrolon material, ...

Gulf spill estimate too low as BP recovers 5,000 bbl/day of oil

HOUSTON ,May 20-BP is capturing 5,000 bbl/day of oil and 15m cubic feet/day of natural gas from a leaking well nearly a mile deep in the Gulf of Mexico, acknowledging that earlier estimates of the size of the leak were too small, the company said on Thursday. The siphoning rate ...

Oleic fatty acids, used in dispersants, tighten on BP oil spill

HOUSTON ,May 19-Supplies of oleic fatty acids are tightening as the material is being used to make dispersants - a key product that BP is using to break up a massive oil spill in the Gulf of Mexico, buyers and sellers said on Wednesday. Price is not a problem, one fatty acid ...

Hungarian recycler wins ?5m scrap plastics grant

May 18-A Hungarian waste handling company, PCP Z ldenergia, has won ?5m in state aid to establish a country-wide network of 25 recycling plants for plastics scrap. The new plants, due to be up and running within two years, will each process up to 12,000 tpa of plastics waste, ...

BRIEF: New Sunoco Chemicals owner names CEO

May 18-The new Brazilian owners of Sunoco Chemicals Inc. this week named a chief executive officer for their new North American subsidiary, based in Philadelphia. Carlos Fadigas, 40, took the helm of Braskem America on Monday, a month after Braskem SA completed the $350 million ...

Marine eco-environment continues to deteriorate in S China's Guangdong

GUANGZHOU, May 20 (Xinhua) -- Seawater pollution remains serious in the coastal waters off South China's Guangdong Province, where the marine ecological environment continues to deteriorate, according to local maritime authorities. The seawater quality of the prosperous province ...

BP plans to stop oil spill with "top kill"

HOUSTON, May 19-British oil giant BP said Wednesday it hopes to start a technology known as "top kill" on Sunday or early next week to stop the massive oil spill in the Gulf of Mexico. The so-called "top kill" is a two-step process where first, plugging agents are pumped into the ...

NH Hoteles strikes d2w deal with Symphony

May 10-Spanish hotel group NH Hoteles is set to use oxo-degradable additives in plastic products after striking a deal with Symphony. Speaking at a press conference in London, NH chief executive Gabriele Burgio said the deal with Symphony is part of its drive to become one of the ...

Oil falls $2, posts worst week since Dec 2008

NEW YORK, May 08 - Oil fell $2 a barrel on Friday and posted its biggest weekly loss in almost a year and a half following the sharp sell-off on Wall Street and on worries that the euro zone's debt crisis will derail the global economic recovery. Better-than-expected US jobs data ...

Tessenderlo's Q1 earnings hindered by weak chlor-alkali chain

LONDON,April 30 --Tessenderlo's first quarter earnings were dragged down by weak performance in the chlor-alkali chain, the Belgian company said on Friday. Revenue for the PVC (polyvinyl chloride)/chlor-alkali segment decreased by 5.9% from the same period in 2009 to ?18.2m ($155...

BP to foot full bill of Gulf oil spill clean-up - US government

SINGAPORE May 03-US President Barack Obama said on Monday that UK s BP will shoulder the full cost of cleaning up the massive oil spill that was threatening to reach US shores, even as the government is helping out in the effort to mitigate a potentially unprecedented environment...

Oil spill could bring supply crunch for US Gulf producers

HOUSTON,May 03 - An ever-growing oil slick in the US Gulf could soon create supply issues for refiners and chemical producers in the area, although ports on the Louisiana, Mississippi and Alabama coasts said on Monday that they were still open to ship traffic. The 20 April ...

Oil inches higher on data, Gulf spill

NEW YORK, May 3-Oil prices inched higher on Monday as upbeat personal spending data and oil spill in the Gulf of Mexico weighed on the market. Positive economic data boosted investors' confidence in recovery. The Commerce Department reported that U.S. consumer spending rose twice ...

Eastman Reports Earnings Increase

p> Eastman Chemical Co. announced earnings of $1.37 per diluted share for first quarter 2010 vs. 3 cents per diluted share for first quarter 2009. Excluding restructuring charges of $26 million, first quarter 2009 earnings were 25 cents per diluted share. With volumes recovering ...

Newly-built 4-million-ton Methanol Capacity: Focus on the Asia Market

p> PUWORLD(2010-4-26) Four new methanol facilities with capacity of nearly 3.96 mt/y will start commercial operation at the second half of this year. According to market sources, these newly-built capacities will mainly supply to the Asia, so as to ease the tense situation at ...

China MEG Capacity Probably to Approach 4 million t/y by the End of 2010

p> PUWORLD(2010-4-26) According to Asiachem Consulting, MEG production capacity in China was predicted to reach approximately 4000kt/y by the end of 2010, including adjusted 150kt/y coal-based MEG capacity built by Tongliao Jinmei. Sinopec Zhenhai Refining & Chemical s 650kt/y ...

China s GDP Rises 11.9 Percent in Q1, CPI Up 2.2 Percent

p> China s economy grew at an accelerated rate of 11.9 percent year on year in the first quarter of 2010 to US$1.19 trillion, 5.7 percentage points higher than the corresponding period the previous year, according to the National Bureau of Statistics. The economy grew at the ...
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