Chemical News
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West pressures OPEC to increase oil production Aug 03,2007
PARIS, Aug 2, 2007 - Western countries are turning up the heat on OPEC to ramp up oil production, analysts said Thursday, a day after crude prices soared to record heights. Analysts said OPEC, which has not commented on the record price, was now obliged to consider increasing production after consistently resisting calls from the International E...>>>
Basell makes offer to acquire Shell's oil refinery at the Berre l'Etang petroch. complex in France Aug 06,2007
06 Aug 2007 - Basell and Société de Pétroles Shell SAS announced today that Basell has made an offer to buy the Shell oil refinery and associated infrastructure and businesses at the Berre l'Etang petrochemical complex in France. Subject to staff council consultation, review and approval from regulatory authorities and agreement on the sale and pur...>>>
Kemira: Finnish Chemicals received statement of objections regarding selling of sodium chlorate Aug 06,2007
06 Aug 2007 - Finnish Chemicals Oy, a subsidiary of Kemira Oyj, has received an EU Commission Statement of Objections concerning selling of sodium chlorate, with regard to alleged antitrust activities during 1994-2000. Kemira Oyj acquired Finnish Chemicals in 2005. Finnish Chemicals will look into the documents delivered by the Commission and will ...>>>
Thai PX implements ExxonMobil's licensed Olgone Unit Aug 06,2007
ExxonMobil's new Olgone technology has been successfully implemented by Thai Paraxylene, marking the first licensed application in Thailand of ExxonMobil's new technology. The Olgone process implemented at Thai PX's Sriracha petrochemical complex removes olefinic contaminants from a heavy reformate feed, replacing a traditional clay treatment proc...>>>
Titan Petrochemicals Group plans market to trade spot petrochemical contracts Aug 06,2007
China's largest oil-supertanker owner Titan Petrochemicals Group plans to set up a market to trade spot petrochemical contracts in the nation's south this year. Trading will start with fuel oil and liquid chemical products. Titan Petrochemicals will hold a 70% stake in the exchange, worth an investment of 60 million yuan (HK$62.02 mln), while Guan...>>>
Abu Dhabi to invest US$3 bln for expansion of Borouge Aug 06,2007
Abu Dhabi will invest Dh11 bln (US$3 bln) to expand the capacity of the Borouge petrochemicals facility to 2 million tpa. Abu Dhabi, which has 98 billion barrels of proven crude oil reserves, has targeted an increase in its production capacity to 4 million bpd of oil, as well as raising its natural gas supplies through the development of sour g...>>>
GE Plastics to become Sabic Innovative Plastics Aug 06,2007
3 August 2007 - Sign painters will be busy in Pittsfield, USA, later this year when GE Plastics officially changes its name to Sabic Innovative Plastics. The name change is expected to be official sometime in September, officials said. Saudi Basic Industries Corp (Sabic) reached a deal in May to acquire GE Plastics for $11.6 billion. Sabic is a ...>>>
China's top nine copper smelters to cut output Aug 06,2007
China's top nine copper smelters plan to jointly cut production by 10 to 15 percent in the second half of this year, a move analysts say may push up domestic copper prices after August. Higher prices in China, the world's top copper consumer, would stimulate imports and possibly drive up world copper prices , analysts said. The China S...>>>
Venezuela's Mega Gas Pipeline Plans Held Up Aug 06,2007
CARACAS - The South American mega-pipeline project to transport natural gas from the Caribbean to the River Plate, supplying a large part of Brazil en route, "has cooled down because of attacks from within South America itself" and due to attempts by the United States to delay the plans, complained Venezuelan President Hugo Chavez. The massive pr...>>>
Big Oil coming to India, finally Aug 06,2007
Exxon, Chevron & Conoco may participate in NELP-VII. ExxonMobil, the world’s largest oil company, and ConocoPhillips and Chevron of the United States, are likely to participate in India’s seventh round of the New Exploration and Licensing Policy (NELP-VII), according to Director General of Hydrocarbons V K Sibal. This will significantly swell...>>>
Dow Biocides Announces Global Price Increase For Glutaraldehyde Aug 06,2007
Buffalo Grove, IL - Dow Biocides, a business group of The Dow Chemical Company and its affiliates, is announcing a price increase for both list and off list prices of its entire glutaraldehyde product portfolio of 10 cents per pound in North America and by 10 percent (10%) for the rest of the world. The price increase is effective August 1, 2007. ...>>>
Petrobras buys Suzano for R2.7bn Aug 06,2007
HOUSTON --Brazil state-run oil company Petrobras said on Friday it will acquire petrochemical group Suzano Petroquimica for Brazilian reais (R) 2.7bn ($1.4bn). Petrobras said it would pay R2.1bn to Suzano’s controlling company, Suzano Holding, and another R600m to minority shareholders in the petrochemical company. Petrobras added its ownersh...>>>
BASF to increase propionic acid capacity in Ludwigshafen and Nanjing Aug 07,2007
BASF is increasing its annual production capacity for the chemical intermediate propionic acid at its sites in Ludwigshafen and Nanjing by 30,000 metric tons and 9,000 metric tons, respectively. Production in Nanjing is ensured by BASF YPC Co. Ltd., a joint venture owned by BASF and the China Petroleum & Chemical Corporation (Sinopec Corp.). Once t...>>>
High performance cast PET film extrusion lines provides economy of scale Aug 07,2007
High performance cast PET film extrusion lines, a further strategic development of Brückner Formtec, have secured a huge success on international markets. Three such Formtec lines are currently in assembly - two of which shall be delivered by the end of this year. Given Brückner Formtec´s marketing concept, Economy of Scale, these cast lines ...>>>
Iran plans to build oil refinery and petrochemicals plant in Senegal Aug 07,2007
Pursuant to last weeks' meeting with Iranian officials hosted by Senegal's President, Iran plans to build oil refinery and petrochemicals plant in Senegal. Iran also promised to speed up the development of a car assembly plant for state-owned carmaker Iran Khodro in the west African nation. Foreign investors have been attracted to Senegal becau...>>>
Chevron Phillips Chemical commences construction on PPS facility Aug 07,2007
Chevron Phillips Chemical Company LP is to commence construction on a 22 mln pound pa Ryton® polyphenylene sulfide (PPS) manufacturing facility at Texas. This new facility will boost the Borger facility's total PPS production to 44 mln pounds pa. The plant is scheduled for completion in 2009, and will share some infrastructure and operations wi...>>>
Fisher-Price recalls 1.5 million China-made toys Aug 07,2007
6 August 2007 - Fisher-Price and its parent company Mattel are recalling 1.5 million plastic toys worldwide that may contain hazardous levels of lead paint. The 83 models of toys identified in the recall include popular characters such as Big Bird, Elmo, Dora the Explorer and Diego. Overall, 967,000 of those units are in America, while another ...>>>
GE Plastics launches High Specific Gravity composite Aug 07,2007
6 August 2007 - GE Plastics has launched a new composite that it hopes will challenge the use of lead in X-ray shielding applications. By incorporating tungsten - a material with a high specific gravity (HSG) - into nylon 6, GE Plastics has produced a composite that can be injection moulded overcoming some of the design limitations of thick lead...>>>
CNOOC, SPC sign production sharing contract Aug 07,2007
BEIJING, Aug. 6 -- China National Offshore Oil Company Limited (CNOOC Ltd.) announced Monday that its parent China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract with Singapore Petroleum Company Ltd. (SPC) for a block in the South China Sea. The 26/18 block, located in China's Pearl River Mouth Basin, covers...>>>
World's largest plastics reclycling plant operating in Beijing Aug 07,2007
BEIJING, Aug. 6 -- The world's largest plastics recycling processing plant, capable of recycling 60,000 tons of waste plastics annually, has begun operating in Beijing. Operated by Beijing Incom Resources Recovery Co. Ltd., the plant has an investment of 300 million yuan (37.5 million U.S. dollars), said an official with the Beijing municipal ...>>>
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