Chemical News
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China: Dalian Customs still ranks as China's top gasoline exporter in H1'10: GAC Jul 27,2010
Dalian Customs exported 1.12-mil mt of gasoline in the first half of 2010, accounting for 36.76% of China's total, highest of all customs, according to data released by the General Administration of Customs. Many refineries exporting gasoline are located in Northeast China, of which Sino-foreign joint-venture Dalian Wepec is a major one, indus...>>>
China: Sinopec Wuhan Petchem sets Aug crude throughput target stable at 420,000mt Jul 27,2010
Sinopec Wuhan Petrochemical is slated to refine 420,000mt of crude oil in August, flat with the previous month, according to a refinery source. The refinery plans to revamp 2.2-mil-mt/yr delayed coker in October, expected to be complete in one month, the source said. Wuhan Petrochemical, located in Central China's Hubei Province, is equip...>>>
Britain: UPDATE: BP shares rise as Dudley expected to replace Hayward Jul 27,2010
BP's shares rose in early trade Monday following widespread reports that the embattled oil major plans to name Robert Dudley, the current head of its US spill response, to succeed Tony Hayward as the company's chief executive. The change is seen as a key move to help restore BP's US position, with Hayward having been heavily criticized...>>>
China: China cuts Iranian crude oil imports by 30% in H1 2010 Jul 27,2010
China has cut its imports of Iranian crude oil by 31.23% to 9.02 million mt (66.12 million barrels) in the first half of 2010 compared with 13.12 million mt in the same 2009 period, according to latest China customs data. The drop contrasts with a 30% year on year jump to 117.96 million mt (4.78 million b/d) in China's total crude impo...>>>
China: Unconventional gas to play big role in China's gas market: report Jul 27,2010
Domestic unconventional gas production will account for over a quarter of China's total gas supply by 2030 and unconventional gas, particularly shale, will increase significantly to help meet China's strong gas demand growth, Wood Mackenzie said Monday. However, unconventional gas resources will take a significant time to develop and ...>>>
China: Taiwan Formosa awaits green light on bid to delay cracker turnaround Jul 27,2010
Taiwan's Formosa Petrochemical is awaiting a decision from the government on whether it can postpone a scheduled turnaround at its No. 2 naphtha-fed steam cracker in Mailiao from August to October, a company source said Monday. The company made an application in mid July to postpone the 40-45 day turnaround at the No. 2 unit that was ...>>>
America: Solutia posts higher Q2 sales, profit Jul 28,2010
Solutia Inc. said its second-quarter profit more than tripled from last year’s period, as sales rose more than 26 percent. For the quarter ended June 30, the company reported net income of $41 million compared to net income of $10 million in last year’s quarter, primarily due to increased sales volumes across all segments, partially offset by ...>>>
America: Ashland 3Q earnings rise: materials costs pressuring profits Jul 28,2010
Covington-based Ashland Inc. announced fiscal third-quarter earnings Friday that saw improved performance across the company's business lines. Overall, the specialty chemical company said it earned $148 million, or $1.85 a share, up from $50 million, or 66 cents a share, in the same period in 2009. Ashland said one-time items, including...>>>
China's TPU Self-sufficiency Rate May Rise Continuously Jul 28,2010
According to Bai Yi, vice president of China Petroleum and Chemical Planning Institute, China would adjust industrial structure to raise self-sufficiency rates of high-end Petrochemical products such as polyurethane and so on. Song Hongwei, analyst from P.H. Consultant pointed out that China’s TPU self-sufficiency rate reached 70-80% in the...>>>
Thailand's PTT tenders to seek 22,000mt of refrigerated LPG Jul 28,2010
Thailand's PTT issued a tender Tuesday to purchase 22,000mt of refrigerated LPG at a half-to-half ratio for August delivery, traders said. Bids due Jul 27, with validity till the same day. >>>
China: PetroChina Fushun Petchem sets Aug crude oil throughput target stable at 780,000mt Jul 28,2010
PetroChina Fushun Petrochemical is scheduled to process 780,000mt of crude oil in August, flat with the previous month, a source with the refinery told C1. The refinery is considering shutting down 3.5-mil-mt/yr No. 1 plant in 2011, due to safety hazard of its location, the source revealed. Fushun Petrochemical, located in Fushun City of Nort...>>>
China: Sinopec Guangzhou Petchem to refine 1-mil mt of crude in Aug, flat on month Jul 28,2010
Sinopec Guangzhou Petrochemical set its crude oil throughput target for August at 1-mil mt, unchanged with the previous month, according to a refinery source. The refinery plans to go into month-long turnaround in December, when it would revamp 5.2-mil-mt/yr crude oil distillate unit, 1.5-mil-mt/yr fluid catalytic cracker, 1.8-mil-mt/yr hydrogenat...>>>
China: Japan ranks as top receiver of Chinese naphtha in H1'10: GAC Jul 28,2010
Japan was the largest receiver of China's naphtha exports in the first half of 2010, importing 357,299mt, surging 316% from a year earlier, according to data released by the General Administration of Customs. South Korea ranked the second, importing 247,139mt, sharply up 188% year-on-year, the data showed. China's naphtha exports mainly f...>>>
China: Hong Kong still largest receiver of jet from Mainland China: GAC Jul 28,2010
Hong Kong imported 1.63-mil mt of jet from Mainland China in the first half of this year, taking up 51.35% of China's jet exports, higher than another countries and regions, showed data from the General Administration of Customs.Hong Kong is always major receiver of Chinese jet due to robust demand from international flight, market sources...>>>
China: energy demand to drive Pacific LNG growth Jul 28,2010
Fueled by its soaring demand for energy, China's demand for liquefied natural gas will increase by 48 percent in 2020 and is driving Pacific LNG growth, says a new study. "Race for Supply -- the Future of China's Gas Market," by Wood Mackenzie Consultants finds that China's reliance on unconventional gas -- particularly shale -- will increase...>>>
Japan: Japan's JX to shut 3 propylene plants for maintenance in Sep, Oct Jul 28,2010
Japan's JX Nippon Oil & Energy Corp. is slated to shut three propyleneplants in September and October for maintenance that will idle 330,000 mt/yearof production capacity for an average of 35 days. The planned outages are expected to cost JX about 31,000 mt in lostpropylene output betwee...>>>
America: US domestic styrene buyers facing possible contract roll-over Jul 28,2010
US domestic styrene buyers could be facing a possible contract roll-over from July to August, sources said on Monday, following a sharp jump in benzene prices. On Monday, benzene was heard bid at 280 cents/gal FOB USG for August, with offers at 284 cents/gal FOB USG. Multiple deals were heard done at 280 cents/gal. The price on Frid...>>>
Malaysia: Deepwater to generate 30-40% of Malaysia oil output by 2020:official Jul 28,2010
Production from deepwater fields is expected to account for 30-40% of Malaysia's total oil production by 2020, a senior official from Petronas Carigali, the upstream arm of national oil company Petronas, said Tuesday. Malaysia's oil production currently stands at around 650,000 b/d and gas production at around 5.8 Bcf/d. "T...>>>
Swiss: Xstrata sees lower coking coal, thermal output in Q2 Jul 28,2010
Swiss miner Xstrata produced 3.8 million mt of hard coking coal in Australia during the first half of 2010, up 73% compared with the same period last year, although it had significantly lower output in the second quarter than in the preceding three months, the group said Tuesday. Semi-soft coking coal production hit 3.9 million mt in t...>>>
China: Nanjing Wanshou Baijiang Liquefied Gas Plant took place a explosive accident Jul 28,2010
At about 10 o'clock on 28th July morning, Nanjing Wanshou Baijiang Liquefied Gas Plant located at Nanjing Qixia District happened a explosive accident. At present, the accident has resulted in three people died and more than 300 persons cured in hospital, of whom 52 persons were seriously injured and the rescue operation is orderly doing. Wit...>>>
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