Chemical News
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China's copper imports down month-on-month in July Aug 13,2007
China imported a total of 206,830 tons of unwrought copper (copper cathode, copper anode and copper alloy) and semi-finished copper products in July this year, down 2.7 percent from June, while imports in the first seven months totalled 1.72 million tons, up 48.80 percent from the same period last year, according to preliminary statistics released ...>>>
Singapore's SP Chemicals get nod to build petrochemical facility in Vietnam Aug 13,2007
Singapore's SP Chemicals has received approval from Vietnam's central government to build a petrochemical facility and an industrial park in the central province of Phu Yen. SP plans to invest US$1.2 bln to develop the naphtha cracking petrochemical complex. SP also plans to manufacture 1.5 mln tpa of aniline, caustic soda, chlorine and other c...>>>
Sinopec discussing South China refinery and petrochem project with KPC, Dow, Shell Aug 13,2007
Sinopec Corp. is holding talks with Kuwait Petroleum Corp, Dow Chemical Co. and Royal Dutch Shell to build a major refinery and petrochemical plant in Guangdong, South China. The refinery and petrochemical plant is planned at an investment outlay of US$5 bln. The partners were preparing to do feasibility studies for the Guangdong project, which cou...>>>
Ecuador refinery to be a part of US$10 bln petrochemical complex Aug 13,2007
A refinery planned to be built by state-owned oil companies Petroecuador and Petroleos de Venezuela will form part of a US$10 bln petrochemical complex. Ecuador aspires to have the other Latin American companies as partners for the project that will cater to domestic demand as well as exports to Asia. >>>
Reliance to invest US$10 mln in oil refining, petrochemicals and plastics sector in Egypt Aug 13,2007
India's Reliance Industries plans to US$10 billion in the oil refining, petrochemicals and plastics industries in Egypt. The investment outlay will include US$1 billion towards building an oil refinery and US$7 billion towards the petrochemical sector. The last decade has seen investments by Reliance in hydrocarbon assets in Oman, Yemen and...>>>
China launches largest coalbed methane liquifying project Aug 13,2007
BEIJING, Aug. 11 (Xinhua) -- China has launched a coalbed methane liquefaction project that boasts the country's largest daily production capacity, company sources confirmed Saturday. The project, based in Qinshui Basin, north China's Shanxi Province, is expected to produce one million cubic meters of liquefied coalbed methane daily when pu...>>>
Steel companies seek overseas iron ore Aug 14,2007
More and more domestic iron and steel enterprises are seeking overseas iron ore resources, according to Capital Iron and Steel Group chairman Zhu Jimin.>>>
EU approves proposed acquisition of Lanxess by the INEOS Group Aug 14,2007
Under the EU Merger Regulation, the European Commission has cleared the proposed acquisition of the thermoplastic engineering business of the German company Lanxess by INEOS, a UK based group involved in intermediate and speciality chemicals. The Commission concluded that the transaction would not significantly impede effective competition in t...>>>
Reliance to close down Kurkumbh MEG facility Aug 14,2007
Reliance Industries (RIL) plans to close down its polyester intermediate mono-ethylene glycol (MEG) manufacturing facility at Kurkumbh near Pune. The Kurkumbh unit, which manufactures MEG from industrial alcohol, was acquired two years ago. The area will be utilized to house centralised storage facilities for its retail operations under Reliance Re...>>>
Petrobras and Unipar in talks to amalgamate Aug 14,2007
With a view to boost production to world scale and increase competitiveness, Brazil's state-controlled oil company - Petroleo Brasileiro SA and União de Industrias Petroqumicas, are in talks to merge their stakes into a single company. The new company, to be called Cia. Petroquimca do Sudeste, will control manufacturing units producing therm...>>>
PU crashpads in automotives reduce impact force in case of accidents Aug 14,2007
Crashpads made of polyurethane (PU) rigid foam are used in automobile interiors to reduce the impact force in case of accidents, thus protecting the driver and passengers from serious injury. Crashpads are usually fitted in areas that pose the greatest danger in accidents-side impact protection in doors, direct impact areas for the head in the A-pi...>>>
Lotte Daesan shuts PP production due to unplanned outage Aug 14,2007
South Korea's Lotte Daesan Petrochemical Corp. has shut its 250,000 tpa polypropylene production on account of an unexpected outage for approximately one week. The loss of production for five days is estimated to be between 1,500-2,000 tons. The production line was shut after five out of its 10 silos malfunctioned, and as damage to the tap of the s...>>>
New infrared ovens speed up peroxide crosslinking Aug 14,2007
13 August 2007 – Faster production of peroxide crosslinked pipe (PEX A pipe) is promised from the use of a new generation of infrared ovens available from German company iNOEX as a result of a co-operative agreement with the oven’s manufacturer CrossLink (Finland). The infra red ovens supply a regular and controlled amount of heat into the cros...>>>
Aker Kvaerner delivering Engineering and Procurement Services for Reliance Petroleum's Mega Polypropylene project Aug 14,2007
14 Aug 2007 - Aker Kvaerner is providing project management, procurement and engineering services for a new polypropylene (PP) plant being built by Reliance Petroleum Ltd in a Special Economic Zone in Jamnagar, in Gujarat, India. The plant is expected to be the largest capacity polypropylene facility to date, and will take propylene feed from a new...>>>
New BASF high performance plastic Aug 15,2007
Effectively immediately, BASF is adding a third type of polyarylsulfone to the two existing materials Ultrason® S (PSU) and Ultrason E (PESU). This new family member is Ultrason P, a polyphenylsulfone (PPSU). The first grade of the new product line is called Ultrason P 3010 and it is already available to customers now. The material Ultrason ...>>>
Polystyrene Market Update in North America, August 13, 2007 Aug 15,2007
Volume: Fair Price: Steady Spot Polystyrene prices remain mostly within the range of the $.70s/lb. The high price level of resin has damaged demand and producers have responded by reducing production capacity (some indefinitely) and restricting operating rates. Disciplined production has limited spot supplies providing buyers with little altern...>>>
Polypropylene Market Update in North America, August 13, 2007 Aug 15,2007
Volume: Good Price: Mostly Steady In very early August Generic Prime Polypropylene offers were shown to the market priced $.03 - .04/lb higher than in July. This reflected producers' intent to raise prices for August resin contracts since feedstocks were again on the rise. Buyers however, have struggled with the price and these offers had not r...>>>
Polyethylene Market Update in North America, August 13, 2007 Aug 15,2007
Volume: Very strong Price: Steady The spot Polyethylene market was considerably more active than we expected for the first full week of August. While several producers have held their spot offers $.04/lb higher in line with their increase nominated for August contracts, others have kept their spot offers steady to just slightly above July level...>>>
Polymer Market Update in North America, August 13, 2007 Aug 15,2007
The commodity resin markets were active this past week. Spot Polyethylene trading volumes were strong as most producers pushed back their August $.04/lb price increase effort until September 1st, but also nominated another $.05/lb for Sep 15th. Spot Polypropylene offers eased a tad from the initial $.03-.04/lb bump in August, since contracts and s...>>>
Degussa expands research capabilities in China Aug 15,2007
14 August 2007 – Degussa has expanded its R&D centre in Shanghai, China, which includes the opening of a new technical centre for its high performance polymer business unit to develop new application and polymer technologies in the Asia Pacific region. First inaugurated in 2004, the enlarged R&D centre located at the Xinzhuang Industry Park is ...>>>
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