Chemical News
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Eastman Reports Earnings Increase Apr 30,2010
Eastman Chemical Co. announced earnings of $1.37 per diluted share for first quarter 2010 vs. 3 cents per diluted share for first quarter 2009. Excluding restructuring charges of $26 million, first quarter 2009 earnings were 25 cents per diluted share. “With volumes recovering and product mix improving, our first quarte...>>>
BASF Raises Polyetheramine Prices Globally May 14,2010
Effective immediately or as existing contracts allow, BASF is raising prices for its Polyetheramines portfolio globally by 100 Euros per metric ton or the equivalent amount in local currency. Polyetheramines are intermediate chemicals used in the production of plastics, polyurea coatings, adhesives and reaction injection moulding (...>>>
China to Lead Ethylene Capacity Expansion in Asia May 14,2010
PUWORLD(2010-05-11)——Asia played an important role in world ethylene market. By the end of 2009, annual production capacity in Asia had reached 43.8 million tons and was predicted to increase by 16 million tons before 2015. For the second half of 2009, there was another newly-built 4.1 million tons capacity in Asia. According to Facts Global E...>>>
Luxi chemical announced successful commissioning of its 100kt/y DMF Facility May 14,2010
PUWORLD(2010-5-13)——Luxi Chemical’s 100kt/y DMF facility launched a successful commissioning recently, people from this company told PUWORLD.com. In order to overcome the impact of financial crisis, Shandong Luxi Chemical invested Rmb 4.852 billion into 200kt/y organic silicon facility, 120kt/y methane chloride, 160kt/y melamin an...>>>
Bridgestone restructures Chinese PU activities May 14,2010
Bridgestone Corp. has set up a company to oversee its diversified products activities in China, including its polyurethane foam activities for automotive applications, a May 6 company statement said. Based in Suzhou City, Jiangsu province, the new company, Bridgestone Diversified Products China Co. Ltd., will coordinate the busines...>>>
Albemarle to Increase Price of MAGNIFIN Flame May 21,2010
LOUVAIN-LA-NEUVE, Belgium-- Albemarle Corporation, a global leader in the development, manufacture and marketing of flame retardants, announced today that it will increase prices of MARTINAL(R) fine precipitated aluminum trihydrate flame retardants in Europe (including Central and Eastern Europe, Turkey, Russia), Middle East, Africa, India and...>>>
Strong first quarter for Lanxess May 21,2010
Lanxess more than tripled EBITDA pre exceptionals to EUR 233 million in the first quarter of 2010 due to improved economic conditions worldwide, in particular in Asia and Latin America. Above all, the company’s worldwide synthetic rubber activities benefited from a strong demand in countries such as China and Brazil. Sales increase...>>>
New appointments at Dow Automotive May 21,2010
Dow Automotive announced two new appointments in its European sales organisation. Klaus Rudert has been named Sales Director for plastics for Europe, Middle East, and Africa. Rudert will be responsible for the PU, epoxy systems and elastomers businesses in those regions. He started his career at Dow in 2001 and joined the Dow ...>>>
Guangzhou Yutian's Polyether Facility Put into Operation May 21,2010
PUWORLD(2010-05-19)——Recently, Guangzhou Yutian’s Phase I 70kt/y polyether facility put into operation and yield qualified products. The facility, which was invested by Yutian Chemical Industry, had a designed capacity of 150kt/ton polyether plant. After the on-stream of Phase I project, Guangzhou Yutian would become one of the mo...>>>
BASF Announces Isocyanate Increases May 21,2010
Effective June 21, 2010 or as contract allows, BASF Corporation is raising the price for all Lupranate®MDI products by $0.07/lb and the price for all TDI products by $0.10/lb. >>>
Eastman Increases Isophthalic Acid Prices on June 1 May 28,2010
Eastman Chemical Company is increasing prices on the following products effective June 1, or as contracts allow. These increases are due to elevated operating costs, particularly in raw materials. Eastman™Isophthalic Acid : Off-list price increase of $US 0.02 /lb ($US 0.05/kg) in North America and Latin America. ...>>>
CNOOC and Shell’s 950kt/y Ethylene Project Completed Successfully May 28,2010
PUWORLD(2010-05-24)——CNOOC and Shell Petrochemicals had successfully completed its overhaul in 2010 as well as the expansion of 950kt/y ethylene project. And the newly-built facility would put into operation soon. After the expansion, annual output of ethylene would increase from 0.8 million tons to 0.95 tons while annual output of...>>>
China petchem players wary of Middle East competition – CNCET May 28,2010
Massive petrochemical capacity additions in the Middle East have intensified competition for a slice of the Chinese market, and domestic producers are wary of losing their market share, a senior official at a Chinese think-tank said on Tuesday. “Middle East producers have been gaining market shares in China at the expense of their ...>>>
Gevo Gets $10M Investment From German Chemicals Company Lanxess May 28,2010
Colorado biofuel and biochemical company Gevo Inc. has received a $10 million investment from German chemicals manufacturer Lanxess AG. The deal, announced Wednesday by both companies, is part of a proposed venture to produce isobutene, a material needed in rubber manufacturing, from renewable resources. Lanxess' invest...>>>
60% of interviewed Macao residents support plastic bag tax: survey Jun 02,2010
MACAO, May 31 (Xinhua) -- A local survey has found that some 60 percent of interviewed Macao residents support a tax on plastic shopping bags, and 60 percent would accept a charge for every bag, the Macao Post Daily reported on Monday. Nearly a quarter of all respondents used three to five plastic bags a day on average while over 70 percent ...>>>
China’s Imports Volume of MEG Decreased by around 8% in April Jun 02,2010
PUWORLD(2010-05-31)——According to statistics released by China Customs House, imports volume of MEG in China decreased by 55078 tons to 633737 tons, declining by around 8% in April. Statistics changed a lot in volume from South Korea, Canada, Japan and Taiwan. In March, imports from South Korea increased by 50.1% to 55334 tons while imports fr...>>>
Lanxess Expands Its Aromatics Network Jun 02,2010
Lanxess has completed a ?5m ($42m) expansion of its unit for monochlorobenzene, cresols and derivatives in Leverkusen, Germany. With the last expansion stage completed, overall production capacity has increased by up to 60% at three Leverkusen plants. The specialty chemicals group is also planning to invest a further ?50m ($184m...>>>
GNFC takes up two new chemical projects in state Jun 03,2010
The Gujarat Narmada Valley Fertilisers Company Ltd (GNFC) claimed that the projects taken up by the company will take the state's chemi...>>>
Asian Weekly PP Price Assessments - 2Jun10 Jun 03,2010
Asian Weekly PP Price Assessments - 2Jun10Sydney (Platts)--2Jun2010/657 am EDT/1057 GMT(USD/MT) CFR FE Asia CFR SE Asia CFR S Asia PP RAFFIA/INJ 1219-1221 1239-1241 &n...>>>
Asian Weekly LLDPE Price Assessments - 2Jun10 Jun 03,2010
Singapore (Platts)--2Jun2010/731 am EDT/1131 GMT(USD/MT) CFR FE Asia CFR SE Asia CFR South AsiaLLDPE 1189-1191 1224-1226 1329-1331...>>>
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