petro
May 25th, 2010
Despite Brazil’s Attempts, U.S. Ethanol Proves Itself
While Brazil spends millions of dollars to persuade Americans otherwise - the facts show that American ethanol is superior to - and actually cheaper than - Brazilian ethanol. The Renewable Fuels Association reports a gallon of gasoline mixed with 10-percent ethanol from the U.S. would be 11 cents cheaper than a gallon of gas with...
May 11th, 2010
U.S. Agency Lets Oil Industry Write Offshore Drilling Rules
WASHINGTON — The oil industry, not the federal agency that regulates it, plays a crucial role in writing the safety and environmental rules for offshore drilling, a role critics say reflects cozy ties between an industry and its regulators that need to be snapped.
Nearly 100 industry standards set by the American Petroleum Institute are included...
Dec 23rd, 2009
Crude Oil Prices Swing Higher
Crude oil prices jumped above $75 per barrel on the New York Mercantile Exchange Wednesday in advance of a weekly U.S. inventory report.
The Organization of Petroleum Exporting Countries meeting in Luanda, Angola, Tuesday left production quotas unchanged, a decision that effects roughly 40 percent of the world’s oil production. Oil ministers at the meeting expressed...
Jul 16th, 2009
China Assoc Wants Government To Limit Shell Coal Tech Buys
SHANGHAI -(Dow Jones)- The China Petroleum and Chemical Industry Association has asked the central government to limit the purchases of Royal Dutch Shell PLC’s (RDSA) “still immature” coal gasification technology, the CPCIA-run National Petroleum and Chemical Net said on its Web site Wednesday.
Of the 23 units in China using Shell’s coal gasification, only half are...
Dec 1st, 2008
Pregis Launches Astro-Foam Renew™, Sheet Foam with up to 35% Recycled Content
Pregis Corp. is launching Astro-Foam Renew™, a new polyethylene foam sheet with up to 35% pre-consumer recycled content. The cost-effective, flexible, all purpose answer to a broad variety of packaging and nonpackaging applications is now available in a more sustainable alternative.
“We are committed to developing products that meet sustainability objectives while at the same time...
Dec 1st, 2008
Price of bioplastics expected to stabilize in 2015
Improvements to cost, performance and moisture barrier properties of bioplastics, along with more investment in sorting technology to prevent contamination of recycling waste streams will enable the industry to compete more effectively with conventional plastics, as per a report in Foodproductiondaily.
Christophe Doukhi de Boissoudy, president of the Club des Bioplastiques, told attendees at the conference...
Nov 28th, 2008
Despite hydrocarbon reserves, Central Asian countries have underdeveloped p…
Despite hosting considerable hydrocarbon reserves, many Central Asian countries have relatively underdeveloped petrochemicals industries as per BMI’s latest report. Kazakhstan and Uzbekistan are the two exceptions. Kazakhstan is one of the largest crude oil producers in the world but lacks adequate refining and processing facilities. However, with a number of projects lined up, the future...
Nov 20th, 2008
Millipore Corporation Introduces First Bioplastic Product
Millipore Corporation, a life science leader providing technologies, tools and services for bioscience research and biopharmaceutical manufacturing, unveiled its first biodegradable and compostable product, the EcoStand tube holder, made from environmentally responsible bio-based plastic resin.
“Millipore is proud to be leading the industry in developing products and packaging made from renewable resources,” said Geoffrey Crouse, Vice...
Nov 19th, 2008
Asian styrenics spiral downwards to 5-yr low
Spot prices of polystyrene (PS) and acrylonitrile-butadiene-styrene (ABS) fell to a fresh four-to-five year lows this week amid poor demand due to the gloomy global economy, said traders and producers on Wednesday.
General purpose (GP) PS values dropped to a five-year low below $750/tonne CFR (cost and freight) China. The last time GPPS prices were at...
Nov 19th, 2008
SABIC and ExxonMobil Chemical sign Heads of Agreement for new Elastomers project in Saudi Arabia
Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical have signed a Heads of Agreement (HOA) and are progressing detailed studies for a new Elastomers project at their petrochemical joint ventures, Kemya and Yanpet. The agreement was signed by Mansour Al Kharboush, SABIC Vice-President, Specialty Products, and by Robert G. Hutchinson, Vice-President Chemicals,...
Nov 11th, 2008
Oil-Sands Spending to Fall 20% on Shell, Suncor, Encana Delays
Energy companies are cutting back development of Canadian oil sands, the world’s biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive.
Royal Dutch Shell Plc, the world’s second-largest oil company, and Calgary-based Suncor Energy Inc. and Encana Corp. said they will reduce plans to extract bitumen, the tar-like raw...
Oct 7th, 2008
Oil Rises as Traders Buy Crude Amid Speculation of OPEC Cut
Crude oil rose as traders took advantage of the cheapest prices in eight months to buy oil, amid speculation OPEC will cut output.
Oil increased as Libya’s top oil official called for a production cut, and Qatar’s oil minister said the country is cutting output in line with quotas. OPEC President Chakib Khelil said the...
Sep 19th, 2008
Price war forces petrol prices down
Petrol prices fell across the UK today as a price war brought a hint of relief to motorists struggling to fill their cars.
Supermarkets led the way last night as they followed Morrisons in announcing cuts in fuel prices – and today BP and Shell say they have followed suit reducing their prices on the...