East Timor's Kitan condensate will no longer be available in the spot market as the ultra-light oil field reached the end of its normal life, market sources said Monday. "After January, there will be no more [Kitan cargoes]," a trade ...
Tags: ultra-light oil field, condensate, crude
Acording to a recent survey by the Federation of Korean Industries, 17 out of 29 major business groups in Korea picked restructuring as the center of their business strategy for this year. In contrast, only eight and two chose R&D ...
Tags: Conglomerates, Electronics
Operating loss figures were splashed in red in the results for the second-quarter of 2014 ending June 2014 at SK Innovation, South Korea’s foremost and world’s leading energy and petrochemical company. In the period April to ...
Tags: Red, SK Innovation, Textile
South Korea's SK Innovation has suspended construction of an almost completed paraxylene plant in Incheon, in the country's west coast, after local authorities accused the company of violating the city's building codes, the company said ...
Tags: SK, innovation, Seo-gu, Platts
Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage products, announced today that it has signed a Memorandum of Understanding with SK Innovation, a subsidiary of SK ...
Tags: Maxwell, SK, Energy Storage
Annual paraxylene term negotiations for 2014 have gotten off to a slow start in Asia, and talks are expected to be protracted, as the supply/demand fundamentals are expected to change significantly halfway through next year, sources ...
Tags: paraxylene term, Chemicals
South Korea's fourth-largest refiner, Hyundai Oilbank, said Monday it produced 90.76 million barrels, or 333,677 b/d, of refined oil products over the first nine months of this year, down 9.7% from 100.48 million barrels a year earlier. ...
Tags: Oil Products, Mineral
SK innovation, one of the world's leading energy and petrochemical companies, and LanzaTech, a producer of low-carbon fuels and chemicals from waste gases, announced an agreement to develop a new process technology for the production of 1,3 ...
Tags: SK&Lanztech, Butadiene Technology
The spot market for LPG cargoes loading out of the Middle East has softened amid weak demand from Asian buyers, according to market sources. This was reflected in the spot cargo price differentials, with Arcadia heard selling 44,000 mt of ...
SK Continental E-motion formed by SK Innovation and Continental has started manufacturing and distribution of lithium-ion based battery systems across the globe for cars and light commercial vehicles. SK Innovation and Continental, which ...
Tags: SK, Continental E-motion, battery systems
The FOB Korea toluene 2013 term contracts were mostly concluded at a premium of $7-8/mt to the Platts FOB Korea toluene marker, traders and producers said Wednesday. This is an increase of around $2-3/mt from premiums for 2012 ...
Tags: toluene, toluene market, Honam, South Korea
South Korea's oil refiners are likely to face tougher challenges in coming years as President-elect Park Geun-Hye vows consumer-focused policies and tighter business regulations under her economic democratization platform. Park, from ...
Tags: South Korea, oil refiners, economic democratization platform, oil
When the Chinese energy giant Hanergy decided last week to buy Miasole,a Silicon Valley-based thin-film solar company,at less than a tenth the amount venture capitalists had invested in the firm,it could have been making a savvy move.Though ...
Some South Korean styrene monomer producers have settled 2013 term supply contracts with their customers at a premium of $8-9/mt to Platts FOB Korea SM assessments, an increase of $2-3/mt from a premium of $6/mt for 2012 term contracts, ...
Tags: styrene monomer producers, spot prices, market sources