×

Chemicals Commodity Chemicals

  • FRANKFURT, Jan 18- Evonik has become the latest German chemical maker seeking to convert excess renewable power into chemical building blocks that would normally require oil, harnessing erratic flows of wind and solar power in the country. Germany's chemical industry lobby VCI said in a September report that so-called power-to-X technology- converting...

  • FRANKFURT, Jan 18- Germany's Evonik and Siemens are teaming up to convert excess renewable power into chemical building blocks that would normally require oil, the latest attempt to deal with erratic flows of wind and solar power in the country. Years into Germany's energy transition away from fossil and nuclear power, almost half of the nation's installed...

  • *Evian bottles currently use 25 pct recycled plastic. *Wants cross-industries collaboration against plastic waste. PARIS, Jan 18- Evian, Danone's popular mineral water brand, on Thursday became the latest consumer goods group to undertake pledges on recycling plastic, as companies around the world aim to bolster their credentials regarding helping the...

  • BEIJING/ SINGAPORE, Jan 17- China's fuel blending companies and independent refineries will bear the brunt of new tax rules that will close loopholes that allegedly allowed them to sell fuel without paying consumption taxes. The rules address a long-held complaint by China's state-owned oil companies that the privately owned refiners and blenders have...

  • BEIJING/ SINGAPORE, Jan 17- China's fuel blending companies and independent refineries will bear the brunt of new tax rules that will close loopholes that allegedly allowed them to sell fuel without paying consumption taxes. The rules address a long-held complaint by China's state-owned oil companies that the privately owned refiners and blenders have...

  • SINGAPORE/ BEIJING, Dec 29- China has issued crude oil import quotas totalling 121.32 million tonnes for 44 companies in its first batch of allowances for 2018, according to a source with direct knowledge of the matter and documents reviewed by Reuters on Thursday. China's imports are expected to hit another record in 2018 as new refining capacity is brought...

  • TOKYO, Dec 22- Japan's liquefied petroleum gas imports from the United States are expected to double in 2017 to a record and account for around for around half of its total purchases, government and shipping data showed. As with crude oil, the American exports displace LPG from the Middle East, where regional top producer of crude and LPG Saudi Arabia is losing...

  • CALGARY, Alberta, Dec 18- Calgary- based Inter Pipeline Ltd said on Monday it will build a C $3.5 billion petrochemical plant in central Alberta, taking advantage of the provincial government's subsidies for such facilities. Inter Pipeline revealed plans for a petrochemicals plant late last year, and Chief Executive Christian Bayle said on Monday he expects...

  • *Shell says investigating cause of fire. SINGAPORE, Dec 11- Royal Dutch Shell said a fire at its Singapore refinery- petrochemical site was extinguished on Sunday and no one was hurt in the incident. The fire occurred at one of its manufacturing units on Bukom Island at about 10 a.m. and was extinguished shortly after by the site's firefighters, a company...

  • BAKU, Dec 7- Azerbaijan's exports of refined oil products fell 33.6 percent in January-November from a year earlier to 739,615 tonnes, state energy company SOCAR said on Thursday. In 2016, Azerbaijan exported 1.13 million tonnes of oil products, down from 1.50 million in 2015 as exports of fuel oil, jet fuel and diesel fell. SOCAR operates the Heydar Aliyev...

  • NEW DELHI/ MUMBAI, Dec 5- Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas after the government banned use of the heavily polluting fuel in and around New Delhi. But after the Supreme Court imposed a ban on petcoke in New Delhi and three surrounding states from last month to fight pollution, refiners are...

  • BEIJING, Dec 5- China's CAS Holdings, an investment arm of China's Academy of Science, is looking to put $2 billion into turning natural gas into methanol on the U.S. West Coast and shipping the fuel to Chinese factories and chemical makers, Chinese executives said. Wu Lebin, chairman of CAS Holdings, told Reuters last week the venture is part of a plan his company is...

  • Asian customers expressing most confidence: Solvay CFO

    Solvay CFO Karim Hajjar speaks about cost cutting and encouraging growth, saying that, "I don't think we can cut our way through to success."

  • SAO PAULO, Nov 17- Brazil's Braskem, the largest producer of thermoplastic resins in the Americas, will build a pilot plant in partnership with Denmark's Haldor Topsoe to test the use of sugar to produce a key ingredient in PET making. The pilot plant will be built in Denmark, with the aim of starting operations in 2019. Gustavo Sergi, Braskem's director for...

  • BEIJING, Nov 16- Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices. That is creating a domestic shortage that China's independent refiners- often called teapots- are rushing to meet, while also raising their output...

  • BEIJING, Nov 16- Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices. That is creating a domestic shortage that China's independent refiners- often called teapots- are rushing to meet, while also raising their output...

  • *Fitch says prices above $60/ barrel "may not be sustained". SINGAPORE, Nov 14- Oil prices fell on Tuesday as the cautious sentiment of the past week prevailed, despite ongoing OPEC- led production cuts and Middle East tensions. Brent crude futures were at $62.94 per barrel at 0324 GMT, down 22 cents, or 0.35 percent, from their last close.

  • BEIJING/ MOSCOW, Nov 10- Private conglomerate CEFC China Energy and Russia's largest oil producer Rosneft have agreed to study the possibility of building a petrochemical complex in South China, Rosneft said on Friday. Rosneft and CEFC signed an agreement to carry out a joint preliminary study into the possible construction of a petrochemical plant in...

  • *China Energy Investment Corp, the world's largest power company by asset value, has signed a memorandum of understanding to invest $83.7 billion in shale gas, power and chemical projects in West Virginia. *China's top state oil major Sinopec, Bank Of China and China Investment Corp agreed to help develop a $43- billion natural gas project in Alaska.

  • *The state of West Virginia's commerce department said China Energy Investment Corporation Limited plans to invest $83.7 billion in shale gas development and chemical manufacturing projects in the state. *China's top state oil major Sinopec, Bank Of China and China Investment Corp agreed to help develop Alaska's liquefied natural gas sector.