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CNPC hastens new energy development: May 5 -China National Petroleum Corp (CNPC), the country's largest oil and gas producer, will speed up development of new energies including coalbed methane, fuel ethanol and oil sands, aiming to set its annual oil-equivalent production capacity at 1.25 million tons this year. ...

East China producers hike acetic acid spot prices by CNY50/t: SINGAPORE,April 29-Acetic acid spot values in east China have risen by yuan (CNY) 50-100/tonne ($7.32-14.64/tonne) on strict price discipline by local producers and an outage at a Hebei-based plant but long-term outlook remains moderate, market players said on Thursday. Producers ...

UK 'blocking' voluntary greenhouse gas reductions: May 04-The Department for Energy and Climate Change (DECC) s Quality Assurance Scheme for Carbon Offsetting is blocking the important voluntary market and discouraging its expansion, according to Wayne Sharpe, founder and ceo of the Carbon Trade Exchange. The Department favours a ...

Big orders see Polykemi invest ?.3m in expansions: May 04-Scandinavian thermoplastic compounds producer Polykemi says it will this year invest SEK42m (?.3m) in expanding in Sweden and China. The company is investing SEK32m (?.3m) in Sweden and SEK10m (?m) in China, where part of the money will be spent on buying the previously ...

Global BOPA demand to grow 3.7% claims PCI report: May 04-Demand for bi-oriented polyamide (BOPA) film worldwide will grow 3.7% per annum until 2014, adding an additional 36,000 tonnes to demand, says a new report from PCI Films Consulting. Global demand was just over 177,000 tonnes in 2009 and increased at an average rate of 8% ...

May IPEX shows slower chem price growth with 1.1% increase: HOUSTON,May 04 - The ICIS Petrochemical Index (IPEX) for May rose by 1.1%, the slowest growth in chemical prices in five months. Relatively high ethylene and propylene prices offset slower growth or decreases for other chemicals, bringing the May index to 298.55, up 3.27 points ...

US April ethylene settles down 3 cents/lb on spot pressure: HOUSTON May 04-US ethylene contracts for April settled down by 3 cents/lb ($66/tonne, ?0/tonne), pressured by a sharp drop in spot prices, market sources said on Tuesday. The settlement, which puts the monomer at 52.50 cents/lb, is the first drop for the monthly contract since ...

Oil falls towards $82 on high U.S. stockpiles, firm dollar: May 5-The dollar surged to a one-year high against a basket of six major currencies .DXY. It climbed to its strongest since last May against the Swiss franc as share markets around Asia lost ground on heightening fears that Greece's debt woes could spread to other countries. U.S. ...

BPF to hold seminar on the future of bio plastics: April 30-A seminar on 'The Future of Bio-based and Degradable Plastics: Markets and Applications' will be held at the BPF's London offices on Wednesday 2 June. The third in a series, the event takes place against a background of heightened interest in the materials but uncertaint...

Welcome in the valleys for Welsh plastics recycling plant: April 30-Welsh environment minister, Jane Davidson, visited Blackwood in Gwent to officially open a plastics sorting facility that has benefited from over 1.3m of Welsh Assembly Government funding. The facility will bring up to 30 new jobs to the area and will enable 12,000 ...

US propylene for May begins to settle down 12 cents/lb: HOUSTON May 6-US propylene contracts for May began to settle down by 12 cents/lb ($265/tonne, ?07/tonne), market sources said on Thursday, citing a recent slump in refinery grade propylene (RGP) prices as the main driver behind the drop. The initial settlements put polymer-grade ...

Oil slumps for third day on euro fear, errant trade: May 6-Oil recouped some of the more than $5 a barrel losses it suffered after a sudden mid-afternoon rout said to have been caused by an errant stock market trade, but crude still ended the day at its lowest since mid-February in near-record volume as the dollar rose and other ...

Asian p-wax outlook glows; may beat record-high prices soon: SINGAPORE May 6-Asian paraffin wax (p-wax) prices may soon hit record highs on the back of strong demand from downstream candle manufacturers amid tight supply due to feedstock shortage, market sources said on Thursday. Spot p-wax prices were at $1,630-$1,650/tonne (?,271-1,287...

CNOOC announces new oil discovery in Bohai Bay: May 5 - China National Offshore Oil Company Limited (CNOOC Ltd.), China's largest offshore oil and gas producer, announced Monday that the company had made a new oil discovery in east China's Bohai Bay. The Penglai(PL) 9-1 well, at a depth of about 29 meters, yielded 540 barrels ...

Americans "bombarded" with cancer sources: report: May 6-Although most experts agree that as many as two-thirds of cancer cases are caused by lifestyle choices like smoking, poor diet and lack of exercise, the two-member panel said many avoidable cancers were also caused by pollution, radon gas from the soil and medical imaging ...

Polyethylene Retail Carrier Bags from Thailand: Extension of Time Limit for Preliminary Results of Antidumping Duty Administrative Review: May 5-FOR FURTHER INFORMATION CONTACT: Thomas Schauer or Michael A. Romani, AD/CVD Operations, Office 5, Import Administration, International Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue, NW, Washington, DC 20230; telephone: (202) 482...

NH Hoteles and Symphony Environmental Technologies Launch Degradable Plastics Initiative: May 5-NH Hoteles, the leading Spanish hotel group, and Symphony Environmental Technologies, one of the world's top specialists in degradable plastics, today launched a joint environmental initiative aimed at promoting eco-friendly, sustainable plastic technology throughout the ...

Paranoia, anxiety grow over Gulf Coast oil spill: GRAND ISLE, La. People along the Gulf Coast have spent weeks living with uncertainty, wondering where and when a huge slick of oil might come ashore, ruining their beaches and their livelihoods. The anxiety is so acute that some are seeing and smelling oil where there is none. ...

Cabka shows off low-cost plastic pallet: CLEVELAND, May 03-Cabka North America Inc. of St. Louis showed its export pallet called Send+Forget, which company officials say is comparable to the cost of wood pallets, at NA2010. The durable, chemical-resistant pallet is designed for shipping/export, in-house use, racking and ...

Barrier PET gets M&S backing: May 05-Barrier PET technology has reached the stage that retail giant Marks & Spencer has committed to converting its entire range of 25cl still wine bottles to PET. It has been working in partnership with wine groups Paul Sapin and Roger Harris Wines, which are joint investors ...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

Lucrative golf industry lures stiff competition: Two models stand beside golf equipment and bags at a recent golf ...

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