Reduced run rates push propylene prices higher in Asia
Spot propylene prices in Asia have risen considerably this week, with prices finding support from reduced operating rates at several propylene facilities in the region along with firmer equity markets and better downstream buying interest, as per Che……
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Bayer reports solid Q2 revenues, Q2 sales rise 5.8%
Bayers? revenues have mounted by 14.6% to ?9.18 bl, largely due to growth in its consumer health and high-tech materials divisions. Net income has dropped to ?525 mln, down from ?532 mln a year earlier. Q2 net earnings fell by 1.3% owing to lawsuits ……
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Green metal-to-plastic conversion with innovative plastics helps diverse industries
To accelerate the trend toward replacing metals with high-performance, durable and versatile thermoplastic compounds, SABIC Innovative Plastics has collaborated with Swiss software maker KISSsoft AG. KISSsoft is now applying gear sizing calculations ……
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Chemaweyaat plans to move 12 planned JV petrochem complexes to the Western Region
Abu Dhabi National Chemicals Co (Chemaweyaat) has dumped plans to develop units at Khalifa Port and Industrial Zone (KPIZ). The company will now relocate all of its 12 planned JV petrochemicals complexes to the emirate’s Western Region adjacent to Ru……
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Formosa could take a year to restart residual desulfurization unit damaged by a July 25 fire
Formosa Petrochemical Corp. may take a year to restart the residual desulfurization unit damaged by a July 25 fire. However, the company may need 1-2 weeks to have two-thirds of its Mailiao oil refinery fully operational after a fire damaged a unit. ……
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19% increase expected in LG Chem?s operating profit on robus petrochemicals sales
LG Chem, South Korea?s biggest chemicals maker, is expecting to see an increase in operating profit by about 19% this year, propelled by robust demand for petrochemical products and batteries for mobile phones. 2010 operating profits may amount to 2…….
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Taiwan government awaits scrutiny results of recent fires at Formosa
To conclude whether the recent fires at Formosa Petrochemical crackers need to be factored into the environmental impact assessment for expansion of the complex, the government of Taiwan awaits results of a probe. If these fires at the complex are f……
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Performance plastics to re-mould future business dimensions for the Indian plastics industry
Performance plastics to re-mould future business dimensions for the Indian plastics industry, says Frost and Sullivan, who is to host ?Performance Plastic Summit 2010 ? Trends and Advances in Performance Plastics?, in August in Mumbai, India is emergin……
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American PVC moves higher across the globe
Import PVC offers from the US had been raised in China by US$30-40/ton in the beginning of July, resulting in poor buying interest for this origin for the most part of July as the domestic market was on the decline and buyers were reluctant to secure……
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Unexpected increase in US crude stockpiles pulls down oil prices below US$77
As per API, US crude inventories saw a surprise increase of 3.1 mln barrels last week vs a forecast of decline by 1.6 mln barrels. Crude oil prices have dropped below US$77, mainly on an unexpected increase in US crude stockpiles. Light sweet crude f……
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