Chemical News
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China finds major nickel deposit in northwestern Xinjiang Aug 17,2007
China has found a nickel deposit with proven reserves of over 900,000 tons at Hami, in northwestern Xinjiang region, the official China News Service said. >>>
Environment Dept seeks detailed report on Sg Pulai petrochemical project Aug 20,2007
Malaysia's Department of Environment has sought a detailed Environmental Impact Assessment (EIA) report on a petrochemical project at the Sungai Pulai estuary in Pontian, Johor, pursuant to reservations expressed by Johor Mentri Besar Datuk Abdul Ghani Othman in view of the sensitivity of the project and the huge mangrove swamp. Upon completion...>>>
Covance opens first nutritional chemistry laboratory in Asia Aug 29,2007
SINGAPORE, Aug. 28 (Xinhua) -- Covance Inc., one of the world's largest drug development services companies, opened here on Tuesday its first nutritional chemistry laboratory in Asia to serve the growing food manufacturing market in the region. According to a statement issued by the company, the 2-million-U.S.-dollar facility, an extension ...>>>
Industrial Gas Maker Linde Reports 1st-Half Profit Up at $838.17 Million Aug 01,2007
FRANKFURT, Germany - Industrial gas and chemical company Linde AG said Monday that its net profit in the first six months of the year rose nearly 15 percent, lifted by its acquisition of rival BOC Group PLC and strong growth in its gas and engineering units. The Munich-based company earned euro614 million (US$838.17 million) in the January-June...>>>
Oil prices stay above US$72 a barrel as market awaits weekly report Aug 09,2007
Light, sweet crude for September delivery dipped to US$72.20 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. September Brent crude fell 38 cents to $71.42 a barrel on the ICE futures exchange in London. The market has witnessed this dip as it awaits release of a U.S. government fuel stocks report e...>>>
Oil prices rise to US$72 levels in Asia as report predicts tight supplies amid growing demand Aug 14,2007
International Energy Agency that predicts global demand for oil will grow by 2.5% next year and that production and supply will not keep up. Oil prices rose in Asian trading after this prediction about tight oil supply amid growing world demand. Light, sweet crude for September delivery rose 48 cents to US$71.95 a barrel in Asian electronic trading...>>>
Pre-feasibility report negates viability of ONGC's Kakinada refinery Aug 15,2007
Oil and Natural Gas Corporation's (ONGC) proposed greenfield refinery at Kakinada, Andhra Pradesh, has been found commercially unviable in a pre-feasibility report prepared by Consultants Engineers India Ltd (EIL). A detailed feasibility report on the 15-mln ton refinery, for which the company had marked an investment of about Rs 22,000 crore, is e...>>>
Ukraine to boost int'l co-op in oil exploitation Aug 29,2007
KIEV, Aug. 27 (Xinhua) -- Ukrainian Prime Minister Viktor Yanukovych said Monday that Ukraine must step up its cooperation with other countries in oil exploitation. When meeting with heads of Ukrainian diplomatic missions, Yanukovych said the most promising way to diversify energy sources is to ink joint oil exploitation accords with other ...>>>
Eastman Increases ESTER SOLVENTS Prices on September 1 Aug 30,2007
KINGSPORT, Tenn., Aug. 28, 2007 - Eastman Chemical Company is increasing prices on the following products effective Sept. 1. EASTMAN Ethyl Acetate, Food Grade, Kosher: List price increase of $US 0.06 /lb ($US 0.132/kg) in North America. >>>
Chinese mainland imposes anti-dumping duties on imported BPA Aug 30,2007
BEIJING, Aug. 29 (Xinhua) -- The Chinese mainland is to levy five-year anti-dumping duties from Aug. 30 on BPA (Bisphenol-A) imported from Japan, Singapore, Republic of Korea, and Taiwan, said the Ministry of Commerce on Wednesday. Importers of BPA, a type of organic chemical mainly used in producing antiseptic and paint, would have to pay ...>>>
Vinythai to acquire assets of rival PVC producer Aug 30,2007
In a bid to facilitate capacity expansion, Thailand's second largest polyvinyl chloride (PVC) producer - Vinythai PCL plans to buy assets of smaller rival APEX Petrochemical Co. for 3.25 billion baht ($94 million) to expand capacity. The purchase, which would include a factory and machines, would raise Vinythai's PVC annual capacity to 330,000 ...>>>
Formosa Petrochemical mulls delay of ethylene plant restart Aug 30,2007
Taiwan's Formosa Petrochemical Corp., could delay restart of its ethylene plant by three weeks. This further delay has been caused by a mechanical fault at the unit's compressor that is more serious than the company had expected. The 700,000 metric tpa ethylene facility may remain closed until around Sept. 20. The plant was shut Aug. 21 for repai...>>>
Dow to hike PE prices in Europe in September Aug 30,2007
With effect from 1 September 2007, Dow Europe (Horgen, Switzerland) plans yet another increase in European PE prices. This time, the hike is EUR 50/ton for all grades of LDPE and HDPE resins, "Dowlex" PE resins, "Attane" ultra low density polyethylene (ULDPE) copolymers, "Elite" enhanced polyethylene resins and "Aspun" fibre-grade resins. This is t...>>>
GCC and EU to sign FTA deal by November 2007 Aug 30,2007
The six-member Gulf Cooperation Council (GCC) is expected to sign the long-awaited free-trade agreement (FTA) with the European Union by October or November this year. However, the next round of negotiations in Brussels would be crucial to the conclusion of this vital accord. The GCC-EU free trade agreement is expected to boost GCC exports to Europ...>>>
BASF to increase prices for coatings resins Aug 31,2007
Effective immediately, BASF will increase prices in Europe for coatings resins by up to 15 %, depending on the product line, as existing contracts allow. Reasons are increased costs for raw materials, transportation, energy, packaging, services and engineering. The price increase affects the entire coatings resins portfolio. These resins are pri...>>>
Bayer MaterialScience raises prices for hydroxyacrylates, unsaturated polyester resins and alkyd resins Aug 31,2007
31 Aug 2007 - Bayer MaterialScience AG raises the prices for hydroxyacrylates, unsaturated polyester resins and alkyd resins in the region EMEA (Europe, Middle East and Africa) by an average of EUR 0,15/kg effective September 15, 2007. According to the company, the price rise safeguards the availability of necessary production capacity and logis...>>>
Park Electrochemical Corp. announces proposed restructuring of its Neltec Europe business unit Aug 31,2007
31 Aug 2007 - Park Electrochemical Corp. announced that Neltec Europe SAS, Park's electronic materials business unit located in Mirebeau, France, is proposing to restructure its operations and to reduce its workforce and has commenced an information and consultation process with its employees regarding the proposed restructuring and workforce reduc...>>>
Degussa GmbH to Increase Prices for Pigment Blacks from September 15, 2007 Aug 31,2007
31 Aug 2007 - RAG Subsidiary Degussa GmbH is announcing price increases of between 6% and 10% for pigment blacks, depending on the product or the region. The increased prices will come into effect for deliveries on September 15, 2007. According to the company, following a long phase in which only a part of the increased costs of oil were passed...>>>
Hercules acquires Dexter Chemical's specialty surfactants business Aug 31,2007
Wilmington, DE -- Hercules has announced it has completed the purchase of the specialty surfactants business of Dexter Chemical L.L.C. Under terms of the agreement, Hercules is acquiring the business related to Dexter’s product portfolio of phosphate ester surfactants sold under the Strodex and Dextrol trademarks. Commenting on the transaction, Cra...>>>
Malaysian plastic manufacturers pass part of rising resin costs to users Aug 31,2007
Rising prices of major types of plastic resins, both local and imported, have had an adverse effect on plastics processors in Malaysia. In a statement last week, the Malaysian Plastics Manufacturers Association (MPMA) said the average price of certain grades of resins was higher by about 20% this month compared to the average price a year ago. ...>>>