The Chinese government's latest move to combat tax evasion by imposing a consumption tax on MTBE and aromatics is likely to raise gasoline blending costs and make imports of finished gasoline relatively more cost-effective, industry sources ...
Tags: Tax on MTBE, Gasoline, aromatics
A little heralded change to China's crude import rules may have a much greater impact on Asia's fuel oil market next year further depressing margins for the residue. Industry sources said that China National Chemical Corporation may be ...
Tags: teapot, PetroChina, Sinopec, CNOOC, fuel
China's commercial inventories of oil products in 13 grain-producing provinces held by state companies Sinopec and China National Petroleum Corp. totaled 3.78 million mt as of November 25, the National Development and Reform Commission said ...
Fixed asset investment in China's refining industry totaled Yuan 130 billion ($20.9 billion) from January to October, the National Development and Reform Commission said on its website Thursday. This was an 18.2% increase from the same ...
Tags: refining industry, China's refining industry, Refinery Sector Investment
The Saudi Basic Industries Corporation (SABIC) has announced a net profit of SR 6.31 billion for Q3 2012, as against SR 8.19 billion in the same period last year, a decrease of 23 percent, and an increase of 19 percent as against SR 5.30 ...
Tags: Basic Industries, profit, SABIC profit
Saudi Basic Industries Corporation plans seriously to expand its investments in China through the implementation of new expansion at the JV project, (SABIC Sinopec), in Tianjin owned equally between the two sides. Mr Mohamed Al Mady vice ...
Tags: SABIC, Sinopec, petrochemical
Sinopec Group has announced closure of two refineries, one of which also has a petrochemical plant, in China’s southern province of Guangdong for checking environmental problems. The two plants – Sinopec Dongxing refinery ...
Tags: Refineries, Sinopec Group, petrochemical plant, crude oil process
Even in the midst of rising demand from China's ethylene sector, naphtha's contribution to the sector's overall feedstock mix is expected to fall over the next three years, Shu Zhaoxia, Chief Analyst for Chemicals at state-owned refiner ...
FOR IMMEDIATE RELEASE Dallas/Fort Worth,Texas,United States of America(Free-Press-Release.com)August 24,2012--Thanks to the boom of automotive manufacturing industry,China has become one of the world'simportant automotive chemicals ...
Tags: China, Automotive Chemicals Industry, automotive lubricant market
Chinese construction equipment company XCMG has received its first order for its 3600-tonne (4,000 ton) crawler crane, which it says sets a record for being the world's largest crawling crane in terms of tonnage. The order came from the ...
Tags: market view, crane
Recently, the world’s largest crawler crane, the XGC88000 went into production at XCMG Construction Machinery Co., Ltd. With a maximum hoisting capacity of more than 3, 600 tons and a maximum hoisting torque of 88, 000 ton meters, ...
Tags: market view, crawler crane