The spread between Asian solvent-grade mixed xylenes and feedstock naphtha was assessed by Platts at a six-month low of $184.875/mt on Friday, down $55.625/mt from a week ago. Solvent-MX market came under pressure from weak demand and ample ...
Tags: mixed xylenes, feedstock naphtha, naphtha
The average price of butadiene in February rose 14% month on month to $2,007.50/mt FOB Korea amid tight availability and new downstream plants coming online. The first of about four butadiene rubber plants starting up in 2013 was ...
Tags: butadiene, butadiene price, butadiene market
China's oil and gas companies could lift their total overseas equity production to 3 million b/d by 2015, the executive director of the International Energy Agency said Tuesday. "Chinese national oil companies are present everywhere in ...
Tags: oil, gas, overseas equity
Russia and China may reach a basic agreement on the supply of Russian gas to the Asian giant by the end of March -- in time for the visit to Moscow by Xi Jinping, secretary general of the Communist Party of China -- Russia's deputy prime ...
Tags: Gas Supply, Chemicals, basic agreement
Asian butadiene prices hit a more than six month high Monday on tight availability amid the startup of new synthetic rubber plants in China and higher naphtha feedstock costs. Butadiene prices surged 44% from a 2012 low of $1,455/mt FOB ...
Tags: butadiene prices, synthetic rubber, Asian naphtha prices
Dragon Aromatics' startup of its 800,000 mt/year paraxylene plant in China's Fujian province may not proceed as planned in March due to regulatory scrutiny about changes to its feedstock mix, some market sources said Tuesday. China's ...
HOUSTON — January 11, 2013 — The M&G Group ("M&G"), one of the three leading producers in the Americas of PET for packaging applications, announced today that it has signed a US$ 1 billion engineering, procurement and ...
Tags: M&G, Sinopec Engineering, Textile
New paraxylene capacity of 2.6 million mt/year and benzene capacity of 820,000 mt/year will be built in Saudi Arabia over the next four years by Saudi Aramco, a source close to the state company said Tuesday. These aromatics capacities ...
Tags: Saudi Aramco, Benzene, paraxylene
ExxonMobil's Papua New Guinea LNG plant is on schedule to start up and ship its first LNG in 2014, Peter Botten, Managing Director of minority project shareholder Oil Search, said at a conference Thursday. The 6.9 million mt/year, ...
Tags: ExxonMobil, Oil Search, natural gas
BASF and China Petroleum & Chemical Corporation (Sinopec) have completed a joint feasibility study and taken the next steps in the establishment of a world-scale isononanol (INA) plant in Maoming, Guangdong, China. Under the terms of the ...
In recent years, Baosteel increases input in material development and application and fully supports national energy strategy engineering and automobile industry development. On January 18, at 2012 National Science and Technology Awards ...
Tags: Baosteel, Awards, National Science and Technology Awards Conference
China on Monday announced the results of its second shale gas bidding round, awarding the 19 blocks on offer to 16 domestic companies. The winners were announced at a press conference held by the Ministry of Land and Resources. ...
Tags: China, shale gas bidding, gas industry
Italian PET producer, M&G Group has signed a $1bn engineering, procurement and construction (EPC) contract with Sinopec Engineering for PET plant construction in Corpus Christi, Texas, US. The single line PET plant is said to have a ...
Tags: M&G Group, EPC contract, Sinopec Engineering
M&G Group of the US has signed an engineering, procurement and construction contract with China's Sinopec Engineering to build a polyethylene terephthalate and purified terephthalic acid plant in Corpus Christi, Texas, the company said in a ...
Tags: M&G Group, engineering, procurement, construction
Despite record low temperatures in China, the country's gas companies say they expect to be able to cope with increased winter gas demand in the coming weeks. Sinopec said Tuesday on its website that it had been implementing several ...
Tags: gas companies, gas, gas demand, PetroChina