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Alaska Will Finance $355 Million of a Liquefied Natural Gas Project on The North Slope
Dec 18, 2012Alaska will finance $355 million of a liquefied natural gas project on the North Slope to support an LNG trucking operation as well as LNG regasification facilities near Fairbanks, in Interior Alaska, as well as an expanded gas distribution ...
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China National Offshore Oil Corp. Crossed The Biggest Hurdle to Its $15.1 Billion Bid
Dec 18, 2012With approval from the Canadian government granted on Friday, China National Offshore Oil Corp. has crossed the biggest hurdle to its $15.1 billion takeover bid for Nexen and the deal should close by the end of the year, analysts said in ...
Tags: Cnooc Nexen, LNG export facility, Oil
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The Changed Price of 100 Spot Commodities in China
Dec 18, 2012It was assessed by SunSirs that in the tracked 100 spot commodities,35 commodities increased in prices, 25 fell and 39 remained unchanged on 10/12/2012.The largest rises were FULLDRAWNYARN (3.60%),Hydrochloric acid (1.91%),Soybean meal ...
Tags: Commodities Price, Chemicals, commodities
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Chinese Demand Was Quiet with High Stockpiles and Low Domestic Prices
Dec 14, 2012Chinese demand for both Newcastle and Indonesian thermal coal was quiet Tuesday with high stockpiles and low domestic prices, sources said. The bid-offer spread has not narrowed and this is deterring deals, a Singapore-based source said. ...
Tags: thermal coal, FOB, NAR coal, CFR
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Chicago Argo and US Gulf Coast Ethanol Markets Fell to Their Lowest Levels
Dec 14, 2012Chicago Argo and US Gulf Coast ethanol markets Wednesday fell to their lowest levels since late September on a combination of a well-supplied market and another drop in corn futures, sources said. Chicago Argo ethanol was assessed down ...
Tags: ethanol markets, ethanol, ethanol assessment
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US Domestic Polypropylene Contracts Were Expected to Rise $22/Mt
Dec 14, 2012US domestic polypropylene contracts for December were expected to rise 1 cent/lb ($22/mt) from November to around 66-67 cents/lb for homopolymer injection, in line with a similar uptick taking place in the monomer market, sources said ...
Tags: polypropylene, polymer grade propylene, polypropylene market
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Oxea Expanded The Production Capacities of Carboxylic Acids at Its Oberhausen Site
Dec 14, 2012German oxo chemicals maker Oxea said Wednesday it had expanded the production capacities of carboxylic acids at its Oberhausen site in Germany to meet growing global demand. Output from existing carboxylic acid units have been ...
Tags: Carboxylic Acids, carboxylic acid units, Carboxylic Acids Production
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The Asian Isomer-Mixed Xylenes Market Reacted Cautiously
Dec 14, 2012The Asian isomer-mixed xylenes market reacted cautiously Wednesday following record highs seen in the US MX market overnight, with Asian prices moving up just 0.07% in early trading. The Asian isomer-MX market was pegged at $1,437/mt CFR ...
Tags: mixed xylene, xylene, isomer mixed, PX plant
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NYMEX January Crude Futures Settled 98 Cents Higher at $86.77/Barrel Wednesday
Dec 14, 2012NYMEX January crude futures settled 98 cents higher at $86.77/barrel Wednesday, as the entire oil complex received a boost from the US Federal Reserve's move to continue its quantitative easing program to stimulate the economy. January ...
Tags: oil, heating oil, refinery, Nymex Oil
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Global M-Xylene Market Goes up in Tandem Due to Strong Demand
Dec 14, 2012M-Xylene market went up in Korea, due to strong demand from the downstream market in the week ending December 8. In the early days of the week, prices were assessed at US$ 1230/ton higher by US$ 15/ton, as compared to the previous week. ...
Tags: downstream market, prices, Tandem
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Casey Container Plans to Set up a New Facility in The First Quarter of 2013
Dec 14, 2012Biodegradable PET, HDPE manufacturer in the US, Casey Container plans to use its anticipated equity funding to open a new facility in the first quarter of 2013. The company will also launch marketing of its EcoPure additive products in ...
Tags: Container, PET, HDPE, additive products, plastics
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Belarus Firm Is Planning to Make Polyester Fibre From Kazakh Px
Dec 14, 2012Mogilevkhimvolokno, part of the state run Belarus chemical company Belneftekhim, will import paraxylene (PX) from Kazakhstan to manufacture polyester fibre, Belneftekhim has announced. Last month, a joint proposal was signed between ...
Tags: Belarus, paraxylene, polyester fibre
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Lyondellbasell Technology for PP Plants Is Taken by Petronas
Dec 14, 2012LyondellBasell announced Petroliam Nasional Berhad (PETRONAS) has selected the Spheripol process technology from LyondellBasell for two 300 KTA polypropylene (PP) plants to be located in Pengerang, Malaysia. “PETRONAS’ ...
Tags: PP plants, polypropylene plants, polypropylene process technology
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Verdezyne, Inc. Focuses on Producing Renewable Chemicals
Dec 14, 2012Verdezyne, Inc., a privately-held industrial biotechnology company focused on producing renewable chemicals, announced it has entered into a strategic relationship with Universal Fiber Systems, LLC and its operating companies, Universal ...
Tags: Fibres, renewable chemicals, Fiber Systems, sustainable fiber
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OPEC Ministers Gathering in Vienna Have Two Tasks Ahead of Them on Wednesday
Dec 13, 2012OPEC ministers gathering in Vienna have two tasks ahead of them on Wednesday: fix crude output policy for the year ahead and appoint a new secretary general to succeed the outgoing Abdalla el-Badri. While the 12-member group appears ...
