Chemical News
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OPEC revises forecast for world crude oil demand Oct 17,2007
VIENNA, Oct. 15 (Xinhua) -- The Organization of Petroleum Exporting Countries (OPEC) slightly revised its forecast for crude oil world demand in 2007 and 2008 in its latest monthly international oil market report, issued here Monday. The report said the world daily average demand for crude oil would reach 85.75 million barrels in 2007, 1.28 mil...>>>
Brazilian president calls for biofuel cooperation with Africa Oct 17,2007
BRASILIA, Oct. 15 (Xinhua) -- Brazilian President Luiz Inacio Lula da Silva on Monday called for biofuel cooperation with Africa during his tour of Burkina Faso, local media reported. "As Africa is taking up the path of growth again, ethanol and biodiesel provide a way to guarantee the continent's energy autonomy and economic sovereignty," he t...>>>
Shell Oil shuts off gas pumps Oct 16,2007
BEIJING, Oct. 15 -- Royal Dutch Shell Plc, Europe's largest oil company, shut natural gas pumping at one of its Nigerian fields following a fire on a pipeline in the south of the country. Nigerian unit Shell Petroleum Development Co reported the fire on the Utorogu-Ughelli gas condensate pipeline in the Delta state on Friday, Alexandra Wright, ...>>>
NYMEX front-month crude hits $84.00/barrel for first time Oct 15,2007
NYMEX front-month crude reached $84.00/barrel for the first time Friday when the November contract rallied 92 cents on the trading floor to reach that mark. A combination of unexpected stocks draw, as reported Thursday by the US Energy Information Administration, and geopolitical developments in the Middle East supported prices in the complex. ...>>>
Ukraine, Russian gas monopoly sign agreement on debts Oct 10,2007
MOSCOW, Oct. 9 (Xinhua) -- Russian gas giant Gazprom has signed an agreement with Ukraine to settle 1.3 billion dollars of gas debt, news agencies reported Tuesday. The agreement was signed after talks between Gazprom chief executive officer Alexei Miller and visiting Ukrainian Fuel and Energy Minister Yuri Boiko in Moscow. It confirms the ...>>>
Russia's OMZ and Czech Cheteng in strategic petrochem partnership Oct 11,2007
Russia's OMZ (Uralmash-Izhora Group) and Czech CHETENG s.r.o., have entered a strategic partnership aimed at joint implementation of LSTK projects in the chemical and petrochemicals sectors. Projects taken up by the partnership include: - A gas processing complex in the Republic of Sakha (Yakutia) (production of 400,000 tpa of synthetic fuel liq...>>>
SK Corp to invest US$2 Bln in petrochemical sector in Peru Oct 11,2007
SK Corporation plans to invest US$2 billion in the petrochemical sector in Peru within the next few years. Two petrochemical plants are being proposed to be established by SK Corporation. As per reports, SK Corporation had already invested US$900 mln in the transport and exportation of natural gas from Peru's Camisea reserve. SK works with the A...>>>
UAE company to build refinery in Pakistan Oct 11,2007
ABU DHABI, Oct. 10 (Xinhua) -- An investment company of the United Arab Emirates (UAE) on Wednesday got an approval from the Pakistani government to build a refinery worth five billion U.S. dollars in the country's Balochistan province, Emirates News Agency reported. The approval was made by the Economic Coordination Committee of the Pakistani ...>>>
Macao's natural gas import delayed to December Oct 11,2007
MACAO, Oct. 10 (Xinhua) -- Macao's natural gas import plan has been delayed until December, local media reported Wednesday. The Macao Post Daily quoted Michael Tong Seak Kan, executive director of Sinosky Energy, as saying that the import scheme, which was slated to start by the end of October, has been postponed due to construction license app...>>>
China becomes world's largest PP Importing Country Oct 12,2007
China has become the largest polypropylene net import country in the world as per a report by Research and Markets. Yet, due to the rapid growth in domestic output, the import dependence degree has been declining on the whole, from 49.2% in 1995 to 34.6% in 2006. Currently, an annual demand gap of 3 million tons of polypropylene still exists in Chi...>>>
Indian oil firm urges shifting Palk Bay exploration project Oct 15,2007
NEW DELHI, Oct. 13 (Xinhua) -- India's oil and natural gas corporation (ONGC) has called for shifting its shallow-water oil exploration project in the Palk Bay, saying the present site falls under marine biosphere, the Press Trust of India (PTI) reported Saturday. "We have only done some seismic survey and could not do more activities as the bl...>>>
GCC oil refining capacity projected to reach 6.3 mln bpd by 2010 Oct 09,2007
ABU DHABI, Oct. 8 (Xinhua) -- The total oil refining capacity of the six members of the Gulf Cooperation Council (GCC) is projected to reach 6.3 million barrels per day (bpd) by 2010, local newspaper Gulf News reported on Monday. According to a report released by the Abu Dhabi-based Emirates Industrial Bank (EIB), the addition of new refineries...>>>
China's oil, gas pipelines extend 62% over four years Oct 09,2007
BEIJING, Oct. 8 (Xinhua) -- China saw its oil and gas pipelines extend by 62 percent in the last four years to 48,000 kilometers, according to the National Bureau of Statistics. By the end of last year, China's oil pipelines reached 24,136 kilometers in length, with transmission capacity up 59.3 percent over 2002 to 575.3 million tons a year. ...>>>
Pea starch in edible and bio-packaging to reduce waste Oct 09,2007
A research study suggests that use of pea starch in production of edible packaging and bio-packaging could allow food processors not only to further cut down on waste generated by their products, but also protect against bacteria. Researchers at the University of Manitoba, Winnipeg, conducted studies using pea starch, which was chosen due to its in...>>>
Oil prices mixed on surprise increase in U.S. crude reserve Aug 23,2007
NEW YORK, Aug. 22 (Xinhua) -- World oil prices were mixed Wednesday as traders reacted to a surprise increase in crude reserves in the United States, which is the world's biggest energy consumer. That Hurricane Dean spared major U.S. energy production facilities in the Gulf of Mexico helped pull down the prices. New York's main oil ...>>>
Middle East to be major player in Polyolefins Industry in next 5 years Oct 08,2007
Polyolefin producers in the Middle East are starting up a substantial wave of cost advantaged polyolefins production capacity. This new capacity will impact the industry on a global basis, reports Chemical Market Associates, Inc. (CMAI) in the recently completed 2008 World Polyolefins Analysis. This market study provides clients with historical per...>>>
REACH for manufacturers, users and importers Oct 08,2007
BASF Aktiengesellschaft is hosting a one-day seminar on the new EU chemicals legislation entitled “Together ready for REACH” on November 26, 2007 in Ludwigshafen. The seminar is aimed at manufacturers, users and importers of chemical substances from all industrial sectors. BASF’s experts will be providing information on all REACH-related issues ran...>>>
Group warns climate change bill could lead to higher gas prices Oct 04,2007
Washington --3Oct2007 The National Gas Council on Wednesday warned that climate change legislation in the US Senate, if passed, could cause an increase in natural gas prices. The bill, SB 280, which has been proposed by Arizona Republican John McCain and Connecticut Indpendent Joseph Lieberman, is designed to reduce greenhouse gas emissions ...>>>
Indonesia to raise fuel prices for industry Sep 27,2007
JAKARTA, Sept. 26 (Xinhua) -- Indonesia's state-run oil and gas firm Pertamina has decided to increase fuel prices for industrial uses by up to 6 percent beginning Oct. 1 as global oil prices have made new records over the last few months. "We also will raise the price of Pertamax and Pertamax Plus gasoline by 1 - 1.5 percent," Pertamina's depu...>>>
NYMEX crude opens 42 cents higher on Brent rally Sep 29,2007
November crude futures on NYMEX opened 42 cents higher at $83.30/barrel Friday, pulled up by a rally in front-month ICE Brent. Brent continued its bull run and hit an all-time high of $81.05/b Friday morning, after settling at a record level Thursday. WTI has strengthened since Wednesday despite an unexpected gain in commercial inventories. One ...>>>
International Chemical Exhibition
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