Chemical News
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JinHaas commences production of plastics additives Aug 24,2007
Rohm and Haas Company and Weihai Jinhong Polymer Co. Ltd have commenced production at their joint venture company, Jinhong Rohm and Haas Chemical Company (JinHaas). JinHaas will produce methacrylate butadiene styrene (MBS), acrylic impact modifiers (AIMs), and acrylic processing aids for distribution in China, as well as in other emerging markets. ...>>>
Formosa likely to put off restart of No.1 cracker Aug 24,2007
Taiwan's Formosa Petrochemical Corp is likely to shut down its 700,000 tpa naphtha cracker for longer than planned- possibly at least two to three days. Formosa's No. 1 cracker was shut down on Tuesday due to a compressor problem and was expected to restart by Aug. 28. A technical glitch forced Formosa to run the No.1 cracker at a lower rate, l...>>>
Little impact to Americas oil markets with Pemex shut-in: sources Aug 24,2007
A temporary halt in production and exports of Mexican crude due to Hurricane Dean this week appeared to have virtually no impact in the Latin American crude market, sources said Thursday. "It was no surprise," said one buyer of Latin American crudes in the US Gulf Coast region. Marketers of competing Latin American heavy sour grades...>>>
Polymer Market Update in North America, September 17, 2007 Sep 19,2007
Until this past week, the feedstock and resin market rallies had stalled and they began to give back some of their previous gains. Then Tropical Storm Humberto suddenly gained hurricane status on Thursday as it made landfall along the Petrochemical rich Texas/Louisiana region. While damage was not reported to be extensive, some production has been ...>>>
OPEC chief says high oil prices not to last long Sep 17,2007
VIENNA, Sept. 14 (Xinhua) -- Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Abdalla Salem El-Badri said here Friday that the current high oil prices would not last long. The prediction came after oil prices briefly hit a record high of over 80 U.S. dollars a barrel on Wednesday. El-Badri said the current globa...>>>
Saudi Chevron Phillips Co likely to delay start up of Jubail plant Sep 17,2007
Reports indicate that Saudi Chevron Phillips Co is likely to delay the start up of the US$3 bln petrochemical plant in Jubail from Q4-2007 to Q1-08, with an ethylene production capacity of 220,000 tpa. Saudi Chevron Phillips Company is equally owned by Saudi Industrial Investment Group and Chevron Phillips Chemical Company. The delay is reporte...>>>
Essar sells naptha to Glencore at a lower premium Sep 13,2007
Essar Oil Ltd. is reported to have sold a late-September cargo of naphtha to oil trader Glencore at a lower premium to its earlier sales. Indian refiners are expected to export about 950,000 tons of naphtha for this month, and have so far sold or offered only 740,000 tons. The higher volumes of exports from Indian refiners and weakening demand from...>>>
Dow expansion to support growing North American demand for end-use PU products & PU systems formulations Sep 13,2007
To support growing demand for end-use polyurethanes products and polyurethane systems formulations in North America, Dow has planned expansion. Dow Polyurethanes, a business group of The Dow Chemical Company, plans expansion of the specialty mix polyols capability at its manufacturing facility in Freeport, Texas to the tune of 59000 tpa. The expand...>>>
Polypropylene Market Update in North America, September 10, 2007 Sep 12,2007
Volume: Growing Price: Steady Spot Polypropylene offers are still coming in at mostly steady prices and spot supplies have begun to grow. The offers are accumulating since prices are considered high given that market sentiment is now turning negative. Propylene monomer costs are reported to have settled at least $.025/lb lower to $.455/lb. Cons...>>>
Karnataka State clears proposal to construct a petrochemical complex Aug 27,2007
The cabinet of South Indian state of Karnataka has cleared a proposal to construct a Petrochemical Complex near Mangalore. This complex will have an investment outlay of Rs 3,590 crore, is scheduled to be completed by 2026, and will create a job potential for over one million people. Karnataka state will submit its proposal to the Centre at the ear...>>>
LN Mittal plans to collaborate with Total and HPCL for petrochem project in India Aug 27,2007
Steel magnate LN Mittal plans to join forces with Total SA of France and Hindustan Petroleum Corporation Ltd (HPCL) to set up a mammoth greenfield refinery cum petrochemical project at the proposed petroleum, chemicals & petrochemicals investment region (PCPIR) near Visakhapatnam in Andhra Pradesh. Mittal's first petrochem foray is the investment i...>>>
Eastman Increases Ester Solvents Prices on September 1 Aug 27,2007
KINGSPORT, Tenn., Aug. 23, 2007 - Eastman Chemical Company is increasing prices on the following products effective Sept. 1, or as contracts allow. Eastman Ethyl Acetate, 85-88%: Off-list price increase of $US 0.06 /lb ($US 0.132/kg) in North America, Latin America and Asia Pacific. Eastman Ethyl Acetate, Urethane Grade: Off-list price increa...>>>
Eastman to Introduce New Generation Copolyester at K 2007 Aug 27,2007
Kingsport, Tenn. (August 24, 2007) – Eastman Chemical Company will introduce a new generation of copolyester polymers at K 2007, October 24-31, Messe Düsseldorf Fairgrounds, Düsseldorf, Germany, Hall 5, Booth H04. This innovative polymer family offers higher heat resistance to address growing industry needs for differentiated performance combined w...>>>
Price trends of oil, polymer feedstock & commodity polymers in Asia for the week of Sep 10, 2007 Sep 12,2007
SUMMARY Crude oil futures spiked to their highest closing since August 2, rising to US$76 levels for October delivery in the week of September 10, 2007 on the New York Mercantile Exchange, on account of a continued drop in inventories. Naphtha rose in line with robust crude prices. EDC and VCM prices stagnated at last weeks' level. Ethyl...>>>
Chinese regulators to promote environmental pollution liability insurance Aug 27,2007
China plans to promote environmental pollution liability insurance - to cover third party liabilities arising from accidents at a particular insured site. China's State Environmental Protection Administration (SEPA) and the China Insurance Regulatory Commission (CIRC) are preparing to establish a mechanism promoting environmental pollution liabilit...>>>
Total to partner Sonatrach in petrochemical complex in Algeria Aug 27,2007
Total has been shortlisted as a venture partner by Algerian Sonatrach, to build a petrochemical complex in Arzew, near Oran. The investment outlay is approximated at US$3 bln. Development design will be launched shortly, with commissioning of the units scheduled in about five years. The project includes construction of a 1.4 million metric tpa et...>>>
Agencies complete review of offshore LNG license application Aug 29,2007
Federal and state agencies have accepted as complete Clearwater Port's application for a deepwater port license to build, own and operate a liquefied natural gas import terminal on a converted offshore oil production platform off the Oxnard, California, coast. The project's owner, Houston-based NorthernStar Natural Gas, said the California ...>>>
Indonesia expects 14 new oil fields to boost oil production Aug 30,2007
JAKARTA, Aug. 29 (Xinhua) -- Indonesia is expecting a boost in national oil production from 14 new oil fields so as to meet next year's oil production target of 1.034 million barrels per day (bpd), local press said Wednesday. The government was optimistic it would be able to reach its target as 14 new fields, including Banyu Urip in the Cep...>>>
Dow in Talks for Iraqi Chemical Plant Aug 30,2007
Dow Chemical and Royal Dutch Shell are in talks with the Iraqi government for project valued at up to $2.1 billion to renovate and expand a chemical plant near the city of Basra, according to a recent Reuters' news report. Fawzi Hariri, Iraq’s minister of industry and minerals, says that talks on creating a joint venture or a profit-sharing arrange...>>>
Karnataka state to apply to the Union government for PCPIR Aug 30,2007
Karnataka State Cabinet has given its consent to apply to the Union Government for establishing a Petroleum Chemical Petrochemical Investment Region (PCPIR). The Rs 1,52,000 - 2,00,000 crore project is subject to Union Government approval. KSIIDC, which had been designated as the nodal agency to appoint consultants for the project, had appointe...>>>
International Chemical Exhibition
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