Chemical News
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India 1Q base metals output rises; gold production down Aug 01,2007
India's state-run and private companies produced 303,400 metric tons of aluminium in the first quarter of the financial year that started in April, up 11% from a year earlier, a government statement said Tuesday. >>>
US Celanese to move German engineering plastics hub to Frankfurt Aug 01,2007
Sydney --31Jul2007 Ticona, the engineering plastics subsidiary of Dallas-based Celanese Corp., plans to relocate its production site in Germany from Kelsterbach to the Frankfurt-Hoechst Industrial Park in Frankfurt by mid-2011, Celanese said in a statement. Ticona agreed in November 2006 to move its facilities at Kelsterbach in order t...>>>
Price trends of oil, polymer feedstocks & commodity polymers in Asia Aug 02,2007
the week of 30th July 2007 SUMMARY Growing demand has caused oil prices to surge above US$75. Naphtha did not move in tandem with strong crude prices, and in fact dipped. Ethylene and propylene increased on account of limited supply coupled with robust markets. Styrene Monomer saw a marginal dip on account of market volatility. EDC...>>>
Nippon Oil Q1 profits surge 84% largely due to rising petrochem demand Aug 02,2007
Nippon Oil Corp. profit surged 84% in the first-quarter, prompting Japan's biggest refiner to raise its full-year forecast as higher crude oil prices boost the value of the company's inventories. Nippon Oil is benefiting from rising Chinese demand for petrochemicals, increasing output of products such as paraxylene. Crude oil prices have gained 25...>>>
Algeria to invest US$20 bln in petrochemical industry by 2008 Aug 02,2007
Algeria will invest US$20 bln in its petrochemical industry by 2008. Of the two finalized projects, one is with Total and one with the international consortium Armalt. The other 4-5 petrochemical projects will be awared in the next few months, before 2008. >>>
Noveon to expand Chinese TPU plant Aug 02,2007
1 August 2007 - Noveon is planning to expand capacity at its Estane TPU manufacturing facility in the Song Jiang Industrial Zone near Shanghai in China. The company did not specify in its announcement the increased tonnage following the expansion at the plant, which has been in operation for two years. Lubrizol Corporation acquired Noveon and it...>>>
ExxonMobil Chemical to roll out improved butyl rubber process Aug 02,2007
1 August 2007 - ExxonMobil Chemical has begun commercial production of butyl rubber by a new “breakthrough” technology at its Notre dame de Gravenchon (NDG) plant in France. The company says the process will enable it to expand capacity from its existing butyl rubber plants as well as improve production efficiency. The system has been under deve...>>>
Huntsman and Flint Hills Resources Close on Sale of U.S. Polymers Business Aug 02,2007
Peter R. Huntsman, President and CEO of Huntsman Corporation (NYSE: HUN), today announced that Huntsman and Flint Hills Resources, LP, an independent, wholly owned subsidiary of Koch Industries, Inc., have closed on the sale of Huntsman's U.S. Polymers business. The parties will close on the sale of Huntsman's remaining U.S. Base Chemicals business...>>>
Russia to cut natural gas supplies to Belarus 45% from Aug. 3 Aug 02,2007
MOSCOW, August 1 - Russian gas giant Gazprom said Wednesday it would reduce natural gas deliveries to Belarus by 45% from August 3 over outstanding payments, adding that Europe-bound supplies would not be affected. Minsk owes Russia over $450 million for natural gas supplied in the first half of the year, and Gazprom said Belarus had not provi...>>>
China National to buy stake in China copper-silver mine Aug 02,2007
Hong Kong-based China National Resources Holdings Ltd. signed an agreement to acquire 55 % of Xinjiang Mining, owner of exploration and production rights at copper and silver mine in western China for HK$1.98 billion ($253 million) in new shares, the company said in a statement to Hong Kong's stock exchange late yesterday. >>>
CNOOC to exploit oil with US firm despite new tax policy on oil exports Aug 02,2007
BEIJING, July 31 -- China National Offshore Oil Corp. (CNOOC), the country's largest offshore oil producer, is in talks with a U.S. firm for a possible product-sharing contract on an oilfield in the South China Sea. The contract, likely to be inked in a few weeks, will make Texas-based Newfield Exploration Co. the first to be affected by a new po...>>>
BASF, CogniTek sign joint development agreement for creation of high efficiency heat exchange utilizing ionic liquids Aug 03,2007
FLORHAM PARK, NJ, NORTHFIELD, IL, August 2, 2007 – BASF Corporation and CogniTek Management Systems, Inc., announced today that they have signed a cooperation agreement to examine whether the combined use of supercritical carbon dioxide and ionic liquids gives rise to particularly efficient ways of using low temperature heat sources for power gener...>>>
Emerson to Digitally Automate China's Largest Integrated Refining/Petrochemical Facility Aug 03,2007
03 Aug 2007 - Emerson Process Management, an Emerson business, announced that the company has been selected to digitally automate the Fujian Refining and Ethylene Joint Venture Project in Quanzhou City, Fujian Province, China. It is the largest integrated refining and petrochemicals project ever undertaken in China. Project start-up is expected by ...>>>
IOC plans 2.4 mln tons of naphtha export Aug 03,2007
India's top state-run refiner Indian Oil Corp. plans to export 2.4 mln tons of naphtha in the year ending March 2008. This is a sharp rise from last years export levels of 1.6 mln tons. >>>
New Composites offer better alternative to Lead in Radiation Shielding Applications Aug 03,2007
GE Plastics has launched a new line of thermoplastic materials with high specific gravity (HSG) that may replace lead in many healthcare applications that call for radiation shielding. Medical equipment and devices that produce x-rays and gamma rays must be shielded to protect operators, clinicians, patients, and sensitive electronic components fr...>>>
I G Petrochemicals Ltd mulls acquisition of German company Aug 03,2007
The world's third largest producer of Phthalic Anhydride- I G Petrochemicals Ltd. (IGPL), is mulling overseas acquisition in Germany worth over US$300 million. Currently, the company has concluded a study of three to four German majors and plans to complete the acquisition very soon. The acquisition is a part of the company's expansion plan which ...>>>
Unipetrol Group to amalgamate several units Aug 03,2007
As part of its ongoing transformation, Czech petrochemicals company Unipetrol Group plans to amalgamate Chemopetrol, Unitpetrol Rafinerie and Unipetrol Refineries, Petrochemicals, Agrochemicals units by way of a merger. Chemopetrol and Unitpetrol Rafinerie will be wound up without liquidation and all of their assets, liabilities and rights, includi...>>>
China's copper imports expected to rise: Analysis Aug 03,2007
Chinese copper cathode imports are set to rise after dropping off in recent weeks, Germany's copper producer Norddeutsche Affinerie AG (NDA.XE) said Thursday. >>>
War-torn Iraq happy with high oil prices Aug 03,2007
BAGHDAD -- War-torn Iraq is pleased that high oil prices will help fund emergency reconstruction work, but does not want a price bubble to cause instability, oil minister Hussein Al Shahristani said Thursday. Speaking shortly after New York oil prices hit and then retreated from a record high, the minister said that despite Iraq's dire need of re...>>>
China's alumina price to fall due to domestic market surplus Aug 03,2007
China's alumina market will face surplus pressure, with prices likely to fall in the remaining months of this year, industry insiders told Interfax yesterday at the China 2007 Alumina Market Conference held in Harbin. >>>
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