Petrochemicals

Dec 5th, 2016

Russia launches the production of ethylhexylacrylate

SIBUR became the first manufacturer of 2-ethylhexylacrylate (2-EGO) in Russia. 2-EGO will be produced at the Dzershinsk site of the company that specialises in the production of acrylic acid and esters. EGO is used in the manufacture of paint products in the premium segment. Its application improves the moisture resistance of paint, adhesion to surfaces […]...

Oct 28th, 2016

A leading Danish petrochemical company Haldor Topsoe resumes activities in Iran

In the near future, Iranian petrochemical industry will acquire a new partner. C-level executives of the national technical company and the association of petrochemical industrial corporations carried on negotiations with the officials of the Haldor Topsoe, a Danish company, which has expressed willingness to be engaged in cooperation and partnership with Iran. The talks were […]...

Mar 28th, 2011

Oil Eases as Libya Rebels Recapture Major Oil Port

In other Nymex trading for April contracts heating oil fell 0.2 cents at US$3.05 a gallon and gasoline was steady at US$3.04 a gallon. World oil prices eased in Asian trade Monday as Europe debt concerns escalated following reduction in bailout package by the EU. Light sweet crude for May delivery was seen trading at […]...

Nov 5th, 2010

Ineos Restarts Ethylene Cracker in France

Ineos has restarted the 775,000t/year ethylene (C2) cracker at its Lavera refinery in southern France, the company said. The nationwide shutdown in France over pension reform has led to the force majeure declaration by Ineos Oxide on all its C2 and C3 derivatives at the site. The Switzerland-based chemical company has the capacity to produce […]...

Aug 24th, 2010

Propylene Firm in Asia, Stable in Europe, US

Spot propylene prices in Asia remained firm over the past week, with supply limitations pushing prices higher despite the ongoing decline in crude oil prices. Meanwhile, spot propylene prices in both Europe and the US were said to be mostly stable during periods of relatively limited market activity. In Asia, spot propylene prices have firmed […]...

Aug 3rd, 2010

Following the Economic Recession Average Prices for Sulfuric Acid Began to Climb Back

Sulfuric acid is one of the most important basic chemicals in the chemical and metal processing industry. It is used in the production of fertilizers, for breaking down ores in the extraction of metals and in metal recycling. Sulfuric acid is available commercially in a number of grades and concentrations. There are two major processes […]...

Jul 14th, 2010

Global Acetic Acid Demand Is Forecast to Grow at 3 – 4% per Year

The three largest derivatives of methanol are formaldehyde, methyl tertiary butyl ether and Acetic acid (one of the simplest carboxylic acids). Acetic acid is an important chemical reagent and industrial chemical, used in the production of polyethylene terephthalate (used in soft drink bottles), cellulose acetate (for photographic film), and polyvinyl acetate (for wood glue), as […]...

Jun 15th, 2010

Vietnam’s Participation in WTO, Rising Consumer Price Index, Increasing Income Have Positive Impact on Country’s Pharmaceutical Market

In 2007 Pharmaceutical industry in Vietnam produced $600 mln worth volume of medications (16.5% more than in 2006). However, due to the economic recession in 2009 this growth started to slow down. According to the forecasts, in 2019 per capita expenditure on medicine in Vietnam will rise from $16,13 (the level of 2008) to $60,30. […]...

Jun 15th, 2010

Uptrend is Outlined on the Global Phenol Market

Uptrend is outlined on the global Phenol market, in 2010 the market will generally see demand increase, major part of it attributed to Asia. In 2008 production output shrank due to the recession and amounted 7.2 mln tons. In 2009 relative improvement of the market was estimated for major regions, apart from the USA where […]...

Mar 24th, 2010

Europe Agrees to Funding for Motor Biofuel

BRUSSELS, (UPI) — The European Commission announced Wednesday in Brussels that it approved French contributions totaling $25.5 million to fund the development of motor biofuels. The commission said it supported an effort by French energy giant GDF Suez to develop technology needed for second-generation biofuels. Second-generation biofuels are expected to produce more energy with less […]...

Mar 22nd, 2010

Wind Energy Gains Still Lost in Grid Lock

Europe will not make the most of its multi-billion euro clean energy investments until old monopolies are broken up or made to build the dozens of power links needed to manage the rise of wind power. Billions have been spent installing wind farms across Europe over the last decade in an effort to reduce energy […]...

Mar 2nd, 2010

Naphtha arbitrage from Europe to Asia reopens: 160,000 tons provisionally booked for March

The naphtha arbitrage from Europe to Asia, shut in February due to cracker maintenance, has reopened. These shipments to Asia would be the first in over a month since heavy cracker maintenance in Japan has curbed demand for western feedstock. Two trading companies are combing for supplies to replenish dwindling stocks, making provisional bookings for […]...

Feb 25th, 2010

Europe Gasoline-Prices firm on spring export prospects

LONDON – European benchmark gasoline barge prices firmed on Wednesday after U.S. stocks of the motor fuel showed a surprise decline, boosting export hopes for the spring. Comments from U.S. Federal Reserve Chairman Ben Bernanke also drove up prices, raising expectations that low interest rates will continue to spur demand for the motor fuel. These […]...

Feb 4th, 2010

Ethanol Europe Hungary for Dunaföldvár plant

The construction of three new plants could soon be underway in Hungary. With a draft government decree issued last month making one of the refineries a ‘priority project’, the process of obtaining the necessary documentation will be decreased. The new plants are to be built in the Hungarian towns of Dunaföldvár, Kaba and Dunaalmas. Already […]...

Feb 2nd, 2010

Dow Coating Materials Announces Price Increase for Hydroxyethyl Cellulose Based Products in Europe

Dow Coating Materials will implement a price increase in Europe, including central and eastern Europe, Russia and Middle East, for all products sold to the architectural and industrial coatings markets. The increase effective February 1, 2010, or as contracts allow, will affect all hydroxyethyl cellulose based polymers. The prices will increase by 10 percent. The […]...

Jan 21st, 2010

DSM Signs Deal with Novomer to Develop CO2-Based Coating Resin; Opens Plant in Germany

DSM says that it has signed an agreement with Novomer (Waltham, MA) to jointly develop a coating resin using carbon dioxide (CO2) as a raw material. This development agreement follows a cooperation agreement and an investment by DSM Venturing in Novomer in 2007. The chemistry and process technology for producing polymers from CO2 and propylene […]...

Jan 19th, 2010

Harmonised Classification & Labelling of Three Chemical Substances

The European Chemicals Agency has published on its website a public consultation on the proposal to harmonise the classification and labelling of three chemical substances. Comments are welcome on the proposal until 3 of March 2010. All comments will be taken into account in the subsequent decision-making process. White spirits (Denmark) Stoddard solvent (USA term […]...

Jan 18th, 2010

Lower Naphtha Imports from Europe Likely to Asia on Rising Freight, Stronger Premiums on Fresh Bookings

Asia is likely to see a lower pool of naphtha imports from Europe, as freight costs increase and premiums get stronger, restricting fresh bookings, as per ICIS. The arbitrage window was effectively closed, as the economics of the East-West spread had narrowed to US$17-18/ton from around US$22/ton. This is expected to further pressurize naphtha supply […]...

Jan 18th, 2010

First Direct “Chemical Fingerprint” of an Exoplanet orbiting a Sun-Like Star

Astronomers have obtained the first direct spectrum – a “chemical fingerprint” – of a planet orbiting a distant, Sun-like star, providing direct data about the composition of the planet’s atmosphere. Such “chemical fingerprinting” is a key technique in the search for habitable planets around other stars. As such, the result represents a milestone in the […]...

Jan 12th, 2010

Oil price drops under $82

LONDON (AFP) – The price of crude oil dropped under 82 dollars Tuesday on expectations of easing heating fuel demand as warmer temperatures reach parts of the United States recently hit by a cold snap, traders said. New York’s main futures contract, light sweet crude for delivery in February fell 61 cents to 81.91 dollars […]...