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'Oxo' bags trouble bioplastics industry

Apr 16-The Thai Bioplastics Industry Association is being urged to clarify its stance on whether oxo-biodegradable plastics -- known as "oxos" -- should be termed biodegradable, as they are by some supermarket operators. The difference between oxos and biodegradable plastics are ...

Oil rebounds 2% on surprise draw in supply

NEW YORK,April 21-Oil prices stripped a five-day losing streak and rebounded to above $85 on Wednesday as US crude inventory surprisingly fell last week. Light, sweet crude for May delivery gained $1.79 to settle at $85.84 a barrel on the New York Mercantile Exchange. Crude ...

Taghleef enters bioplastics with NatureWork's polymers

April 20 - BOPP film producer Taghleef is moving into the bioplastics market with a new range of film, based on NatureWork's Ingeo polymers. Spokesperson Frank Ernst says Taghleef is looking to provide the market with transparent films from 20 m to 50 m, as well as metallised and ...

Hydrogen still in the eco-car race

Hydrogen, one of Earth's most abundant elements, once was seen as green energy's answer to the petroleum-driven car: easy to produce, available everywhere and nonpolluting when burned. Hydrogen energy was defeated by a mountain of obstacles the fear of explosion by the highly ...

Sabic reports healthy quarter with more to come

April 20 - Rising prices saw Sabic boost its performance in the first quarter of 2010. The chemicals giant reported net profits of $1.5bn, a turnaround on the same period in 2009, which saw the company report a loss of $258m. The company s chief executive, Mohamed al-Mady, added ...

PolyOne and Segetis formulate bio plasticiser deal

April 20 - PolyOne is joining forces with US-based chemical company Segetis to make bio-based plasticisers for certain petroleum and bio-based polymers. Under the terms of the deal, Segetis will provide the technology and PolyOne the compounding techniques. The formulations are ...

Russian ethylene plant bounced in favour of rubber

April 20 - Russian petrochemicals manufacturer Nizhnekamskneftekhim (NKNH) is to postpone its project to build a one million tpa ethylene production complex in favour of a synthetic rubber expansion plan. Originally, the polyolefins producer aimed to construct the ?.1bn complex ...

Galactic bioplastics operation is a total success

April 20 - Futerro, a 50/50 joint venture established in September 2007 by Galactic and Total Petrochemicals, has announced the inauguration of its bioplastics production unit in Escanaffles, Belgium. Supported by the Walloon Region through the Marshall Plan, the purpose of this ...

Eight buried in east China landslide

HANGZHOU, April 20 (Xinhua) -- Eight workers are believed to be trapped after a landslide buried a factory in east China's Zhejiang Province Tuesday. All the buried were workers of Jinkai Chemical Fiber Co., Ltd., which was located at the foot of a hill in Daciyan town, Jiande ...

Canadian company confirms discovery of oil in Colombia

BOGOTA, April 19 -The Canadian oil exploration company Pacific Rubiales Monday informed the Colombian state-run oil company Ecopetrol of the discovery of oil reserves in Meta province in southeast Colombia with an estimated production of 30,000 barrels per day. The Quifa Field, ...

Oil ends higher as equities, products bounce

Apr 22-U.S. June light crude oil futures edged up 2 cents, or 0.2 percent, to settle at $83.70 a barrel, recovering after falling almost $2 to a low of $81.73. Front-month crude hit an 18-month high above $87 on April 6. Energy and equities markets were pressured early amid ...

Global gas demand to rise at 2% per year: Shell

PARIS, April 22-Global gas demand will witness continuous rise at an increasing pace of 2 percent a year over the next 20 years, a senior executive of Royal Dutch Shell said Thursday at an oil conference here. Malcom Brinded illustrated the projection of gas demand at the ...

Chinaplas numbers show 'strong recovery'say organizers

April 21-A year ago in Guangzhou, China, the exhibition halls hosting the annual Chinaplas exhibition had been darkened by the financial crisis. A number of regular exhibitors had withdrawn, attendance dropped 4% and the economic slowdown was on everyone s lips. This year, ...

Kuwait's oil output capacity reaches 3 mln bpd: oil minister

KUWAIT CITY, April 22-- Kuwait's Oil Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah said Thursday the country's crude output capacity stands at 3 million barrels per day. "Good news on new oil discoveries would be announced at the proper time," the minister said, when ...

It's up a gear for Faurecia after Q1 sales soar by 60%

April 21-France-based auto supplier Faurecia has revised its growth prospects for the first half of the year to 28-30% from 15%, after consolidated sales in the first quarter increased 59.6% to ?.2bn. On a like-for-like basis, stripping out acquired companies and currency ...

The Queen's Awards once again honour plastics

April 21-The annual Queen's Awards for Enterprise have once again honoured a number of companies around the plastics industry. The awards, which are issued each year to mark HM The Queen's birthday, go to businesses that have demonstrated outstanding achievement in the areas of ...

G8 to fund new tech for CO2 cut: Nikkei

April 21-The Group of Eight (G8) wealthy nations are looking at investing more than $10 billion a year to support new technologies to reduce carbon dioxide emissions, including carbon dioxide capture and storage (CCS), a Japanese daily reported yesterday. A draft statement on ...

Iraq signs preliminary deal to develop southern oil field

April 21 -- Iraq signed a preliminary deal with an oil consortium comprised of Malaysia's Petronas and Japan's Japex on Monday to develop a southern oil field. The contract on Garraf oil field located in the south was signed in a ceremony held at the building of Oil Ministry in ...

Crude prices decline as inventories rise more than expected

NEW YORK, April 21 -- Oil prices declined on the New York market on Wednesday after the U.S. government said oil and gas supplies grew more than expected last week. U.S. crude oil inventories rose 1.9 million barrels last week, against the forecast for a slight drop, the Energy ...

BASF Introduces New Line of High Solids Graft Polyols

p> WYANDOTTE, MI - BASF announced that it is introducing a new line of high solids graft polyols called Pluracol 5200 series. The first market entry in this series is Pluracol 5250 polyol, which is a graft polyol for specialty slab applications. The 50 percent solids content of ...
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