Chemical News
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PhosChem Announces New DAP Contracts With India Aug 08,2007
08 Aug 2007 - The Phosphate Chemicals Export Association Inc. (PhosChem) announced the conclusion of additional diammonium phosphate (DAP) supply contracts with India for 2007/2008. Under the terms of these agreements, PhosChem will supply India with 550,000 to 600,000 metric tonnes of DAP, which will be shipped from August 2007 through March 2008 ...>>>
Copper prices up Aug 08,2007
Copper prices rose on Tuesday alongside equities as markets speculated that the US Federal Reserve could act to reassure investors with an interest rate cut sooner rather than later. >>>
Dubai gold imports set to increase Aug 08,2007
Dubai's gold imports are expected to rise in the second half of 2007 despite higher prices as buyers grow accustomed to them, the head of the Dubai Gold and Commodities Exchange said.>>>
BIPC's quarterly petrochemical production exceeds 2 mln tons Aug 08,2007
Bandar Imam Petrochemical Complex has produced more than two million tons of petrochemicals during the first four months of the current Iranian year, marking a 5% increase in production as against last year's production during the same period. BIPC is Iran's largest petrochemical plant, and has produced 500,000 tons more petrochemicals, than wh...>>>
Invensys completes successful automation revamp at Samsung Total Aug 08,2007
Invensys Process Systems has successfully completed an automation project in a major expansion of the Samsung Total petrochemical complex in Daesan, Korea. The process revamp included an overhaul of the ethyl benzene (EB) and styrene monomer (SM) units at the complex. The Invensys project scope included automation replacement and expansion with...>>>
Drop of water measures film elasticity Aug 08,2007
7 August 2007 - Scientists think they have found a way of measuring the elasticity and thickness of polymer sheets using a drop of water. Placing a drop of water onto a floating polymer sheet produces wrinkles around the drop that appear to be a straight measure of elasticity and thickness. The wrinkled patterns seem to support a recently dev...>>>
Dow Chemical seeking partner to build plant in Russia Aug 08,2007
Dow Chemical, the world’s second largest chemicals company, is looking for a partner to build its own petrochemicals plant in Russia, the head of the company’s Russia and CIS division, Andrian van den Berge told Interfax. The plant will be built if the company finds a suitable partner, and given the time, opportunity and favorable economic condi...>>>
Nigeria: 40bbls Oil Reserve By 2010 Not Feasible, Says NNPC Aug 08,2007
The Nigerian National Petroleum Corporation (NNPC) has said the targeted 40 billion barrels (bbls) oil reserve by 2010 is no longer attainable. Group Managing Director, (GMD) of the corporation, Engr. Funsho Kupolokun, argued that enormous energy requirements are needed to achieve the set target as the reserve addition and replacement ratio need ...>>>
Technip awarded a basic design and engineering contract by Sinopec YPC Aug 09,2007
Technip has been awarded a basic design and engineering contract by Sinopec Yangzi Petrochemical Co. Ltd. (YPC) for a syngas plant located in Nanjing, China. The plant is expected to become operational in the first half of 2009. This plant will have a capacity of 25,000m3/hour of carbon monoxide (CO), 16,000m3/hour of oxo gas, and 59,000m3/hour of ...>>>
Polystyrene Market Update in North America, August 6, 2007 Aug 09,2007
Volume: Average Price: Slightly weaker Spot Polystyrene prices gave back the penny it gained the previous week. While we continue to see a light flow of spot offerings, steady to easing Styrene monomer and Benzene feedstocks have relieved some upward pressure on the Polystyrene market. Although margins are not great, Polystyrene producers have ...>>>
Sumitomo Chemical Announces Expansion of its Polypropylene Compounds Business in North America and Europe Aug 09,2007
09 Aug 2007 - Sumitomo Chemical will establish new manufacturing and marketing operations in both North America and Europe for polypropylene (PP) compounds used in automobile bumpers and other components as part of the global strategy of its polypropylene business. Sumitomo Chemical positions its PP business as one of its core petrochemical bus...>>>
Palm oil futures likely this year Aug 09,2007
BEIJING, Aug. 8 -- Dalian Commodity Exchange (DCE), one of the three futures exchanges in China, yesterday said it would release details of the draft contract on palm oil futures later this month to expedite the introduction of the product. DCE said the palm oil futures contracts are likely to start trading this year pending the approval of...>>>
Brazil's state-owned oil company to start technology cooperation with Mexican counterpart Aug 09,2007
RIO DE JANEIRO, Aug. 7 (Xinhua) -- Brazil's government-owned oil and gas company Petrobras announced Tuesday that it had signedtwo agreements with Mexico's national oil company Pemex to work together in technology development. The Brazilian company will contribute to the cooperation with its expertise in processing heavy oil produced in sha...>>>
Fluor to share in $1.8b BHP contract Aug 10,2007
Fluor Corp. said Tuesday one of its joint ventures has landed a $1.8 billion contract for an iron ore expansion project in Western Australia. Melbourne, Australia-based mining company BHP Billiton awarded the contract to the Mine & Port Development joint venture between Fluor Australia Pty Ltd. and Sinclair Knight Merz. Click here to find out m...>>>
Sheet aluminium prices to increase Aug 10,2007
Aluminium flat-rolled producers Alcoa and Novelis are seeking 2¢/lb price increases on their 1000, 3000 and 5000 series of aluminium alloy and non-heat-treated 6000 series of sheet products to all North American customers in the distribution, original equipment manufacturing (OEM) and building products markets. >>>
DSM to raise capacity in India to 20,000 tpa Aug 10,2007
DSM Engineering Plastics will triple its high-performance thermoplastics manufacturing capacity in India from 7,000 to 20,000 tpa. The expansion, planned at an investment outlay of $20 mln, is scheduled for completion by mid-2008. DSM, which set up India base with the acquisition of Cenka Plastics' assets in 1999, is setting up a greenfield compo...>>>
Vita sells calendering business to Excel Polymers Aug 10,2007
9 August 2007 – Excel Polymers LLC has acquired Vita-Calender, the specialised rubber processing unit of British Vita, based in Salford, UK. The acquisition, completed on 16 July, will merge Vita-Calender's Salford operations with EXLP Global (UK) Ltd, the Rolls Business unit of Excel Polymers LLC, located in Mossley, UK. Both cities are suburbs of...>>>
OMV and IPIC: Bundling of chemical activities in Borealis subsidiary completed Aug 10,2007
10 Aug 2007 - OMV and its core shareholder International Petroleum Investment Company (IPIC) have incorporated their respective shares of AMI Agrolinz Melamine International GmbH (AMI) into Borealis - a joint subsidiary of IPIC and OMV. OMV and IPIC each held 50% of AMI. According to the company, Borealis is Europe's second largest producer of plas...>>>
Chemtura's BA-59P Flame Retardant Off-List Price Increase Aug 10,2007
MIDDLEBURY, Conn.--(BUSINESS WIRE)--Aug. 9, 2007--Chemtura Corporation (NYSE:CEM) announces an off-list price increase of $0.25/kg for its BA-59P flame retardant (tetrabrominobisphenol A), effective Sept. 1 or where contracts allow. These increases are necessary to cover increased energy and feedstock costs, including bisphenol A. They also cove...>>>
BASF publishes new book on the manufacture of leather Aug 13,2007
“From collagen to leather” is the title of a new almost 350 pages book published in English by BASF. Employees of the leather department at BASF assisted Professor Günther Reich, the eminent collagen scientist and former head of the Research Institute Leder- und Kunststoffbahnen (FILK) in Freiberg/Germany in writing it. “Collagen is the basic i...>>>
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