BASF develops first crack resistant foam
BASF developed E-por, a material which is based on a new formulation and is manufactured in a new production process. E-por is the first tough-elastic, crack-resistant foam which can be transported, stored, processed and recycled like traditional Sty……
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Borouge inks EPC contracts for Borouge 3 strategic expansion in Abu Dhabi
Borouge has formally signed three major Engineering, Procurement and Construction (EPC) contracts valued at approximately US$2.6 bln for its Borouge 3 strategic expansion in Ruwais, Abu Dhabi. The contracts were signed between Borouge and Tecnimont, ……
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Naphtha Cracks plunge to 8 month lows, Asian naphtha falls
Naphtha cracks in Asia have plunged to 8 month lows and Asia’s naphtha price fell to three-week low, as oversupply dragged down sentiments despite demand from South Korea. LG Chem has purchased 100,000 tons of naphtha from three sellers for H1-August……
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Recovery in bank lending gets SABIC US$1.2 bln financing for expansion plans
Recovery in bank lending in Saudi Arabia has helped Saudi Basic Industries Corp (SABIC), get a SR 4.5 bln (US$1.2 bln) credit facility to finance expansion plans. An agreement has been signed with National Commercial Bank and will contribute to the c……
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China-Taiwan trade deal poses threat for South Korea
The Economic Cooperation Framework Agreement – a trade agreement has been signed between Chin and Taiwan, helping lift tariffs on 539 products from Taiwan and 267 products from China. This pact is likely to pose a threat to Korean exports, as it will……
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Formosa advances ethylene plant maintenance by a month
Taiwan?s Formosa Petrochemical Corp. has rescheduled a 40-45 day maintenance shutdown from September to mid August at its No. 2 ethylene plant. The change has been made to adjust to a contractor?s schedule. Formosa is currently running the 1.035 mln ……
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Price trends of oil, polymer feedstock and commodity polymers in Asia for the week ended June 28, 2010
CRUDE OIL
Crude oil has witnessed volatility in the week of Jun 28, 2010. Oil started the week at US$76 a barrel and sharply rose above US$79 by end of week. Rough weather in the Caribbean Sea threatened……
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Genetically engineered virus converts methane to ethylene more efficiently at a significantly lower temperature
A team of molecular biologists and materials scientists said Monday they had genetically engineered a virus to convert methane to ethylene more efficiently and at a significantly lower temperature than previously possible. Methane gas is still produc……
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Arkema gets EPA approval for commercial sales of Graphistrength MCNTs in USA
Arkema has received EPA (Environmental Protection Agency) approval for commercial sales of its Graphistrength multiwall carbon nanotubes (CNTs) in the United States of America. This approval gives go ahead to its? US subsidiary to assist its existing……
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Carbon fiber maker Toho Tenax to strengthen strategic initiatives in global aerospace sector
Toho Tenax Co. Ltd. is significantly strengthening its strategic initiatives in the global aerospace market. This move is an effort towards expansion of the core company of Teijin Group’s carbon fibers business, in its carbon fiber business. Under th……
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