Chemicals Commodity Chemicals

  • SEOUL, Jan 19- Lotte Chemical Corp is looking into acquiring troubled Singapore petrochemical company Jurong Aromatics Corp, as the South Korean company continues to push for growth. It was also forced to halt production for around 18 months until last summer to fix a technical issue at an integrated refining-petrochemical complex in Singapore that had cost...

  • SEOUL, Jan 19- South Korea's Lotte Chemical Corp said on Thursday it had submitted a letter of intent earlier this month to acquire Singapore petrochemical company Jurong Aromatics Corp. Lotte Chemical said in a filing to the stock exchange in South Korea that it had been short-listed on Jan. 10 to acquire the Singapore firm, adding that details had not been...

  • *Refinery expected to be back online this week- source. SINGAPORE/ DUBAI, Jan 16- Abu Dhabi National Oil Company has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said on Monday. The refinery mainly processes ADNOC's flagship Murban crude and the producer has...

  • *Emaar Properties pulls down Dubai. DUBAI, Dec 28- Major Gulf stock markets were mixed in quiet trade on Wednesday although some second-tier Saudi petrochemical stocks rose sharply after oil prices climbed overnight. Dubai's index dropped 0.6 percent in moderate trading volume because of a 2.5 percent drop by Emaar Properties.

  • *Riyadh acts to protect poorer citizens, petrochemical sector. RIYADH/ DUBAI, Dec 22- Saudi Arabia said on Thursday it had succeeded in cutting a huge state budget deficit caused by low oil prices and would increase government spending in 2017 to support flagging economic growth. "The public finances haven't improved on this scale since the early 1990 s, following...

  • BEIJING/ SINGAPORE, Dec 21- China's state oil and gas majors are set to import record levels of liquified natural gas this month, betting on robust demand during the cold winter months and helping lift Asian prices to their highest in nearly two years. Trade flows data on Thomson Reuters Eikon shows 7.33 million cubic meters of LNG, equivalent to 3.33 million...

  • CALGARY, Alberta, Dec 5- The Canadian oil-producing province of Alberta will offer C $500 million in royalty credits to Pembina Pipeline Corp and Inter Pipeline Ltd for their petrochemical projects, the government said on Monday, as it seeks to diversify its ailing economy. Pembina's project is a joint venture with Kuwait's Petrochemical Industries Company...

  • CALGARY, Alberta, Dec 5- The Canadian oil-producing province of Alberta will offer C $500 million in royalty credits to Pembina Pipeline Corp and Inter Pipeline Ltd for their petrochemical projects, the government said on Monday as it seeks to diversify its ailing economy. Pembina's project is a joint venture with Kuwait's Petrochemical Industries Company...

  • CALGARY, Alberta, Dec 5- The Canadian oil-producing province of Alberta will offer C $500 million in royalty credits to Pembina Pipeline Corp and Inter Pipeline Ltd for their petrochemical projects, the government said on Monday as it seeks to diversify its ailing economy.

  • CALGARY, Alberta, Dec 5- The Canadian oil-producing province of Alberta will offer C $500 million in royalty credits to Pembina Pipeline Corp, Suncor Energy Inc's Petro-Canada and Inter Pipeline Ltd for their petrochemical projects, the government said on Monday as it seeks to diversify its ailing economy.

  • TOKYO, Nov 29- Japan's Idemitsu Kosan said on Tuesday its joint venture with Mitsui Chemicals would conduct work to expand the processing of propane at Idemitsu's naphtha cracker to take advantage of cheap liquefied petroleum gas prices. The upgrade will boost the cracker's capacity to process propane as feedstock by three or four times, said Hideki Gotoh,...

  • TOKYO, Nov 29- Japan's Idemitsu Kosan said on Tuesday its joint venture with Mitsui Chemicals would conduct work to expand the processing of propane at Idemitsu's naphtha cracker to take advantage of cheap liquefied petroleum gas prices. The upgrade will boost the cracker's capacity to process propane as feedstock by three or four times, said Hideki Gotoh,...

  • *Demand driven by "Clean India" sanitation programme... *...and China's "One Belt, One Road" projects. Nov 16- From India's plan to plumb in over 100 million toilets in six years to China's ambitious new Silk Road network and the continued movement of millions of people into cities across Asia, plastic makers face years of strong demand.

  • SEOUL, Nov 15- South Korea's Hyundai Chemical, a joint venture between Hyundai Oilbank Co and Lotte Chemical, has finished building a 1.2 trillion won condensate splitter to produce mixed xylene and light naphtha. The 130,000 barrels-per-day condensate splitter in Daesan on the country's west coast will churn out 1.2 million tonnes per year of mixed-xylene...

  • SINGAPORE, Nov 11- Spot demand from Vietnam and term demand for reformate from Taiwan supported gasoline margins, traders said. Indonesia's Pertamina will shut its Balikpapan refinery for maintenance and carry out maintenance on the single point mooring system for its Cilacap refinery in March, according to three sources close to the matter.

  • *PTTGC Q3 net 6.23 bln baht vs 1.2 bln baht yr earlier. BANGKOK, Nov 9- The refining and petrochemical divisions of Thailand's largest energy group PTT Pcl on Wednesday both reported strong third-quarter profit growth partly due to improvements in the refinery business. PTT Global Chemical Pcl, Thailand's largest petrochemical maker, reported a 416 percent...

  • JAKARTA, Oct 21- Indonesia expects to decide within "one or two weeks" on a plan by Inpex Corp to increase proposed output from the Masela natural gas field to nearly four times the level originally slated, a senior energy official said on Friday. This would be the second time Inpex, Japan's biggest energy developer and Shell, the world's top LNG trader, have proposed...

  • BEIJING, Oct 14- Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a tie-up to create a global chemical, oil and agricultural giant with almost $100 billion in annual revenue, three sources familiar with the matter said. ChemChina Sinochem Combined Syngenta Revenue $38.99 $60.4 $99.4 $13 billion billion billion...

  • *China overtakes Japan as biggest importer. *India, Southeast Asia see booming demand. Production of LPG, known better as propane or butane, has traditionally been dominated by the Middle East, while Japan has been the biggest buyer, where it is used largely as a petrochemical feedstock.

  • FRANKFURT/ LONDON, Sept 14- At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said. Offers for the 50 percent stake, the British oil and gas company's largest investment in China, will be submitted in the coming days, the sources...