China Chemical Reporter back issues from March 2007:
Increased supervision for environmental protection.
Mar 06, 2007; ... About ten years ago, an importer of Northeast China was charged with importing waste paper without any sterilization and primary treatment, bringing some harmful insects into China. Judging from that case, most people thought that the importer may have committed commercial fraud or the ...
Tax rate for ammonium nitrate changes.(NEWSDESK: Policy)
Mar 06, 2007 ... The Ministry of Finance and the State Administration of Taxation have jointly issued a notice. The value-added tax rate for ammonium nitrate is readjusted to 17% from 13%, without any exemption of the value-added tax, effective February 1st, 2007 Exporters for ammonium nitrate ...
FDI in China increased in January.(NEWSDESK: Policy)
Mar 06, 2007 ... There were 3 370 foreign-funded firms newly established in China in January 2007, an increase of 10.71% over the same period of 2006. The capital used was US$5.175 billion, an increase of 13.86%. Number of the firms established by Asian countries/regions including Hong Kong, ...
Sinochem completed purchase of new XCL.(NEWSDESK: Policy)
Mar 06, 2007; ... Sinochem Petroleum Limited (Cayman), a wholly-owned subsidiary of Sinochem Corporation, has completed the purchase and acquisition of 100% of the units in New XCL-China, LLC (New XCL) on February 2nd, 2007, for a total consideration of approximately US$228 million. New XCL was a ...
China readjusts resource tax for salts.(NEWSDESK: Policy)(Brief article)
Mar 06, 2007 ... The Ministry of Finance and the State Administration of Taxation jointly issued a notice on February 7th. The resource tax for coking coal is fixed at RMB8.0 per ton and the resource tax for salts is reduced, effective February 1st, 2007. The tentative resource tax per ton is RMB15 for sea ...
SYRICI to merge into Sinochem.(NEWSDESK: Acquisition)(Company overview)
Mar 06, 2007 ... On February 7th, 2007 Sinochem Corporation (Sinochem) and Shenyang Research Institute of Chemical Industry (SYRICI), the two state-owned companies, signed an agreement on SYRICI merging into Sinochem Corporation. The deal is subject to approval by the State-owned Assets Supervision and ...
Sichuan Chemical Holdings to be the largest shareholder in Lutianhua and Sichuan Chemical.(NEWSDESK: Acquisition)
Mar 06, 2007 ... Following approval by Sichuan Provincial Government, Sichuan Lutianhua Co., Ltd. (Lutianhua, SZ: 000912) and Sichuan Chemical Company Limited (Sichuan Chemical, SZ: 000155) jointly announced on February 14th, 2007 that the 347.1 million shares or 59.33% equity in Lutianhua, owned by ...
Shenyang Chemical to acquire Shenyang Paraffin.(NEWSDESK: Acquisition)
Mar 06, 2007 ... On February 9th, 2007 Shenyang Chemical Industry Co., Ltd. (Shenyang Chemical, SZ: 000698) announced that its Board of Directors have agreed to acquire 11.26% equity in Shenyang Paraffin Chemical Co., Ltd. (Shenyang Paraffin) owned by Shenyang Chemical Group Co., Ltd., for a consideration ...
Cooperation between Haoyuan and JACG.(NEWSDESK: Cooperation)
Mar 06, 2007 ... The ceremony for the capital increase and stock expansion of Anhui Fuyang Haoyuan Chemical Group Co., Ltd. (Haoyuan) by Shanxi Jincheng Anthracite Coal Group (JACG) was held on January 27th. Haoyuan is located in Fuyang, Anhui province. It owns a capacity of 350 000 t/a ...
Lyondell and ZRCC to construct POSM facility in Ningbo.(NEWSDESK: Cooperation)
Mar 06, 2007 ... Lyondell Chemical Company (NYSE: LYO) announced on February 20th, 2007 that it and Sinopec Zhenhai Refining & Chemical Co., Ltd. (ZRCC) have received final government approval for a project to construct a world-scale propylene oxide / styrene monomer (POSM) manufacturing facility in ...
Contract on Fujian Refining and Ethylene Project signed.(NEWSDESK: Cooperation)
Mar 06, 2007 ... On February 25th, 2007 Sinopec, Fujian province, ExxonMobil and Saudi Aramco announced the signing of the contract for the Fujian Refining and Ethylene Joint Venture Project. At the same time, Sinopec, ExxonMobil and Saudi Aramco signed the contract for the Fujian Fuels Marketing Joint ...
INEOS Phenol to invest in phenol/acetone plant in Jiangsu.(NEWSDESK: Expansion)
Mar 06, 2007; ... Following approval by the National Development and Reform Commission (China), the Ministry of Commerce and the Zhangjiagang Administration of Industry and Commerce, INEOS Phenol has announced its intention to invest in a 400 000 t/a phenol plant in Zhangjiagang, Jiangsu province, eastern ...
Ticona announces strategy to develop LCP and POM facilities in Asia.(NEWSDESK: Expansion)
Mar 06, 2007 ... On February 26th, 2007 Ticona, the engineering polymers business of Celanese Corporation, announced that it intends to make a series of new investments in Asia over the next several years. These investments include world-scale monomer, polymer and compounding production for products ...
New Dow Corning entity created.(NEWSDESK: Expansion)
Mar 06, 2007 ... Dow Corning Corporation announced on February 12th, 2007 that DC Silicone Rubber (Shanghai) Co., Ltd.--a wholly-owned subsidiary of Dew Coming--has been established to offer an expanded range of Dow Corning-branded silicone rubber products and solutions in China. DC Silicone Rubber ...
EOC settled company in Shanghai.(NEWSDESK: Expansion)
Mar 06, 2007 ... EOC Polymer (Shanghai) Co., Ltd., invested by EOC Group of Belgium, has signed an agreement with Shanghai local government, to locate in Shanghai Chemical Industry Park. The new firm will produce emulsions for carpet to meet the growing ...
Akzo Nobel Polymer Chemicals launches Chinese internet site.(NEWSDESK: Expansion)
Mar 06, 2007 ... Akzo Nobel's business unit Polymer Chemicals unveiled a new Chinese language website that contains an abundance of information on our products and businesses. The website address is www.akzonobel-polymerchemicals.cn. The site is designed to provide customers with quick and ...
Qilu ethylene maximizes potential capacity.(NEWSDESK: Record)
Mar 06, 2007 ... The output of ethylene in the 800 000 t/a ethylene unit of Oilu Petrochemical Company Ltd. reached 838 800 tons in 2006, an increase of 13 800 tons over the output of 825 000 tons in 2005. The fuel consumption per ton of product was reduced from 691kg of standard oil in 2005 to 675kg of ...
Dow Corning reports growth in sales and profits impressive achievements in China in 2006.(NEWSDESK: Record)(Financial report)
Mar 06, 2007 ... Dow Corning Corp. reported consolidated net income of US$668.4 million for all of 2006. Sales for all of 2006 were US$4. 392 billion, 13 percent higher than sales of US$3.879 billion reported in 2005. It was also a milestone year for Dow Corning in China as the ...
PPG posts full year sales for 2006.(NEWSDESK: Record)(Company overview)(Financial report)
Mar 06, 2007 ... (February 12th, 2007) PPG Industries (NYSE:PPG), a world leading coatings, glass and chemicals manufacturer, has recently announced record fourth quarter and full year sales for 2006. Sales in the fourth quarter were US$2.8 billion, surpassing fourth quarter 2005 record sales by 11 ...
Profit reduction in Yuntianhua.(NEWSDESK: Record)(Yuntianhua Group Company Ltd.)(Brief article)
Mar 06, 2007 ... Yuntianhua Group Co., Ltd. (SH: 600096) published its annual performance statement on January 30th. The main-business revenue in the company was RMB4 430. 80 million in 2006, an increase of 65.59% over 2005, the total profit was RMB757.74 million and the net profit was RMB585.86 million, a ...
China-ASEAN Medical Logistics Center.(NEWSDESK: Logistics)(Association of Southeast Asian Nations, Guangxi Tongji Medical Group Co., Ltd.)(Brief article)
Mar 06, 2007 ... China-ASEAN (Tongji) Medical Logistics Center that has an investment of RMB145 million funded by Guangxi Tongji Medical Group Co., Ltd. and occupies an area of 5.3 hectares has recently held a ground-breaking ceremony in Shajing Industry Park, Nanning, Guangxi province. The ...
BASF ships first electronic materials.(NEWSDESK: Logistics)
Mar 06, 2007; ... On February 7th, 2007 BASF said that it has successfully started its new electronic materials plant in China and shipped its first products to a Chinese producer of semiconductors. BASF's electronic materials are used in integrated circuits, which are in turn used in consumer ...
IPO of Oragon BioSciences imminent.(NEWSDESK: Logistics)
Mar 06, 2007; ... Akzo Nobell announces on February 15th, 2007 it confirms its intention to arrange an IPO for Organon BioSciences during the coming weeks. On February 2sth, Akzo Nobell decided to divest a minority stake in Organon BioSciences through a listing of approximately 20 to 30 percent ...
"Carbon skin forests" clean environment.(NEWSDESK: Logistics)
Mar 06, 2007 ... The Guangxi Comprehensive Forest Development and Protection Project supported by the loan of World Bank has recently been launched in Nanning. The project has a total investment of RMB1.655 billion. Of the total US$100 million is loaned by the World Bank, US$5.25 million is granted by the ...
CDM projects in Hubei.(NEWSDESK: Logistics)
Mar 06, 2007 ... Carbon Asset Management Sweden AB signed a carbon trade agreement with 3 enterprises of Hubei province on CDM projects on January 26th. The 3 first-lot projects include the blast furnace gas recovery and waste pressure power generation project in Wuhan Iron and Steel Group ...
CDM projects in Shanxi.(NEWSDESK: Logistics)(Shanxi Jiaocheng Economic Development Zone and Climate Change Capital signs agreement)(Brief article)
Mar 06, 2007 ... Shanxi Jiaocheng Economic Development Zone and Climate Change Capital of Britain have recently signed an agreement on CDM projects in Taiyuan, Shanxi province. According to the agreement, Climate Change Capital will ...
CNPC and Sinopec join hands.(NEWSDESK: Logistics)
Mar 06, 2007 ... CNPC and Sinopec Group have reached an agreement on the joint development of oil/gas resources in the Tarim Basin, Xinjiang. The final proven oil/gas reserves in the Tarim Basin amount to 16.0 billion tons of crude oil equivalent, including 8.0 billion ...
Mission of the 10 million T/A refining Project in Guangzhou Petrochemical.(COMPANY FOCUS)
Mar 06, 2007 ... Sinopec Guangzhou Petrochemical Company Ltd. is an important petrochemical producer in South China. It takes refining and ethylene production as the main business and its leading products include gasoline, diesel, aviation kerosene, naphtha, heavy oil, LPG (liquefied petroleum gas), ...
Memo of the refining expansion project.(COMPANY FOCUS)(Directory)(Brief article)
Mar 06, 2007 ... On August 30th, 2004 the 10 million t/a refining expansion project was launched. On February 8th, 2005 construction were started on the 1.5 million t/a hydrocracking unit, the 2.1 million t/a hydrotreating unit, the 2.0 million t/a diesel hydrofining unit and the 1.0 million t/a ...
Tianzhu Chemical Fertilizer completes industrial stearic acid unit.(PROJECT NEWS)
Mar 06, 2007 ... The 40 000 t/a industrial stearic acid unit using the high-pressure continuous hydrolysis process constructed by Tianzhu Chemical Fertilizer Company of Qingdao Soda Ash Industrial Co., Ltd. was put on stream in Pingdu, Shandong province on January 29th, 2007. The project was launched in ...
Shida Chemical completes propylene unit.(PROJECT NEWS)
Mar 06, 2007 ... On February 6th, 2007 Nanchong Shida Chemical Co., Ltd. (Shida Chemical) completed a propylene production unit with a processing capacity of 70 000 t/a and put it into trial production in Nanchong, Sichuan province. Qualified propylene products separated from LPG (liquefied petroleum gas) ...
Organic titanium project kicks off in Shandong.(PROJECT NEWS)(Shandong Heruidong Fine Chemicals Company Ltd.)(Brief article)
Mar 06, 2007 ... Construction on the 14 000 t/a organic titanium project in Shandong Heruidong Fine Chemicals Co., Ltd. was started in Guangrao Economic Development Zone of Dongying, Shandong province on January 24th, 2007. The project is funded by Break Corporation of Taiwan province with an investment of ...
Linhai Chemical completes PVC and caustic soda expansion project.(PROJECT NEWS)
Mar 06, 2007 ... Inner Mongolia Linhai Chemical Industry Co., Ltd. (Linhai Chemical) recently completed the PVC (polyvinyl chloride) and caustic soda renovation and expansion project and put it into production in Wulateqian Banner, Bayannaoer city, Inner Mongolia. From August 2006, Linhai Chemical has ...
Zhejiang Huafa starts up DPM production line.(PROJECT NEWS)(degradable plastic material, Zhejiang Huafa Eco-Tech Company Ltd.)(Brief article)
Mar 06, 2007 ... A 10 000 t/a biomass degradable plastic material (DPM) production line was recently completed and put on stream in Zhejiang Huafa Eco-Tech Co., Ltd. located in Shengzhou, Shaoxing, Zhejiang province. The company therefore becomes one of China's largest supply bases of the materials and ...
Wolan Chemical starts up cyanuric acid expansion project.(PROJECT NEWS)
Mar 06, 2007 ... The 20 000 t/a cyanuric acid expansion project was recently put on stream in Heze Wolan Chemical Co., Ltd. located in Fuchun Development Zone of Heze, Shandong province. After completion of the project, crude cyanuric acid and fine cyanuric acid products have both been manufactured with ...
Hangyang launches relocation project.(PROJECT NEWS)
Mar 06, 2007 ... Hangzhou Hangyang Co., Ltd. (former Hangzhou Oxygen Concentrator Co., Ltd.) held a ceremony for the relocation project in Lin'an Economic Development Zone of Hangzhou, Zhejiang province on December 28th, 2006. The relocation project is located in the eastern suburbs of Lin'an ...
Antioxidant RD unit conducts intermediate handing over.(PROJECT NEWS)
Mar 06, 2007 ... The 15 000 t/a antioxidant RD unit, one of the resource optimization projects in Sinopec Nanjing Chemical Industry Co., Ltd., was conducted intermediate handing over in Nanjing of Jiangsu province on February 5th, 2007. Construction on the project was started on August 1st, 2006. It ...
Polyester fiber renovation project passes appraisal.(PROJECT NEWS)
Mar 06, 2007 ... The 12 000 t/a polyester fiber industrial filament renovation project completed by Sinopec Shanghai Petrochemical Co., Ltd. has recently passed appraisal. After the renovation, the capacity of polyester fiber industrial filament in the company has been increased from 11 600 t/a to 23 600 ...
Polymer synthesis from 'green' medium.(NEWS PRODUCTS)
Mar 06, 2007 ... The project for the "synthesis of acrylic copolymers from supercritical carbon dioxide 'green' medium and application research" passed the acceptance appraisal and the research achievement appraisal organized and sponsored by Guangdong Science and Technology Department on January 15th, ...
Three new rubber products.(NEWS PRODUCTS)
Mar 06, 2007 ... 385/65R22.5 low-profile all-steel heavy-duty tubeless radial tires, LT235/70R16 four-wheel special cross-country tires and 155R13LT light-duty tubeless radial tires, the 3 new products developed by Qingdao Yellow Sea Rubber Group itself, have recently passed experts' appraisal. ...
Dimethyl carbonate synthesis through urea alcoholysis.(NEWS PRODUCTS)(Brief article)
Mar 06, 2007 ... The project for the "research of dimethyl carbonate synthesis through urea alcoholysis" completed by the Chemical Industry Department of Energy and Power Engineering School of Xi'an Jiaotong University has recently passed the research achievement appraisal organized by Shaanxi Provincial ...
Warm-water molding medical fixing material.(NEWS PRODUCTS)(Brief article)
Mar 06, 2007 ... The project for the research of warm-water molding medical fixing material undertaken by Changchun Institute of Applied Chemistry CAS has passed the experts' appraisal organized by Jilin provincial Science & Technology Department. The new medical external fixing material has shape ...
PP casting film special material for aluminum plating.(NEWS PRODUCTS)
Mar 06, 2007 ... Plastic Plant of Daqing Petrochemical Company Ltd. recently developed PP (polypropylene) casting film special material for aluminum plating and conducted a trial production of 300 tons. As the product has small stabilizer addition amount and low cost, it can fully replace existing casting ...
New alicyclic amine modified curing agent.(NEWS PRODUCTS)
Mar 06, 2007 ... Jiangsu Sanmu Group has put a high-performance epoxy curing agent called SM-203 into the market. It is produced through the modification of DACH alicyclic amine assimilating agents from DuPont of the United States. The product has extremely good chemical resistance and relatively high ...
New-generation polypeptide urea.(NEWS PRODUCTS)(Shandong Sino-Agri Runtian Chemicals Company Ltd.)(Brief article)
Mar 06, 2007 ... The new-generation polypeptide urea developed by Shandong Sino-Agri Runtian Chemicals Co., Ltd. is a substitute for conventional urea. It can bring the action of enzyme to crops through urea. Crops can not only absorb nitrogenous fertilizer in urea and the utilization rate of nitrogenous ...
Function-fortified master batch.(NEWS PRODUCTS)(Brief article)
Mar 06, 2007 ... The function-fortified master batch project completed by Guangdong Dongguan Jinfuliang Plastic Materials Co., Ltd. has recently passed the research achievement appraisal organized by the Science and Technology Bureau of Dongguan. The project has a total investment of RMB5.5 million made by ...
High-energy phosphinylidyne compounds.(NEWS PRODUCTS)(Brief article)
Mar 06, 2007 ... The project for the research and application of key technologies for high-energy phosphinylidyne compounds completed by Nanjing University of Technology has recently won the first prize of Sinopec scientific and technological invention. Several high-energy phosphinylidyne compounds in the ...
Demand growth for PU sole undiluted liquid slows down.(MARKET REPORT: Materials)(polyurethanes)
Mar 06, 2007; ... High capacity in China The output of shoes in China was more than 9.0 billion pairs and the export amount was 6.9 billion pairs in 2005, accounting for 50% and 75% of the world total respectively. The capacity of PU (polyurethane) sole undiluted liquid in China reached 534 ...
Polyurethane: developing rapidly.(MARKET REPORT: Materials)
Mar 06, 2007; ... According to statistics made by China Polyurethare (PU) Industry Association, the consumption of PU in China reached 3.05 million tons in 2005, an increase of 16.9% over 2004. The consumption of PU was more than 3.5 million tons in 2006. The drastic consumption growth of PU coatings, ...
Demand for Epichlorohvdrin increases stably.(MARKET REPORT: Organics)
Mar 06, 2007 ... Epichlorohydrin (ECH) is an important organic raw material. It is mainly used to produce epoxy resins and is also used in the production of synthetic glycerin, chlorohydrin rubber, wet strength agents for paper, glycidol ethers, ion exchange resins, water treatment chemicals and ...
Correction.(Correction notice)
Mar 06, 2007 ... On page 20 of N0.27 issue published on September 26th, 2006, there are some mistakes in the table 3 of the article with a tit e of "Methanol Capacity Expands Rapidly". It is ...
Review of Petroleum and Chemical Industry in 2006.(SPECIAL REPORT)
Mar 06, 2007; ... 1 Economic functioning of the Petroleum and chemical industry in 2006 (1) Rapid growth of production With the completion of new and expanded facilities, petroleum and chemical production in China grew rapidly in 2006. According to the latest data published by the ...
Prices of major chemicals qouted in Shanghai in February 2007.(STATISTICS: Price)(Statistical table)
Mar 06, 2007 ... <Pre> Prices of Major Chemicals Quoted in Shanghai in February 2007 Product SpecificationPrice (RMB/t) Top Bottom Inorganic chemicals Ammonium Chloride99% ...
Ex-factory prices (no-freight) as of March 2nd, 2007.(STATISTICS: Price)
Mar 06, 2007 ... <Pre> Ex-factory Prices (no Freight) as of March 2nd, 2007 Product Manufacturer RMB/t Manufacturer RMB/t Pure benzene (petroleum) Qilu Petrochemical9200 Jinzhou Petrochemical 9500 Zhongyuan Ethylene9200 ...
China's economy and stock.
Mar 16, 2007; ... On February 27, the China's stock index dropped sharply by 9% from the day before, triggering a worldwide slide. Some media called it China Stock Woes. We do not know if the foreign hot money will stay in Chinese stock now. Some experts thought the woes were caused by high growth in 2006 ....
NDRC approves Qinzhou refining project.(NEWSDESK: Energy)(National Development and Reform Commission )
Mar 16, 2007; ... The National Development and Reform Commission (NDRC) recently approved a 10 million t/a refining project located in Qinzhou, Guangxi province, west of Guangdong province, which is a booming economic zone. This integrated project includes eleven main production units and associated ...
Tax policy for coalbed methane exploration.(NEWSDESK: Energy)
Mar 16, 2007 ... The Ministry of Finance and the State Administration of Taxation jointly issued a notice on February 7th, deciding to implement a value-added tax imposing and then refunding policy to enterprises that is exploring and selling coalbed methane. The refunded fund should be earmarked for ...
Three chemical products are listed in SPEX.(NEWSDESK: Energy)(Shanghai Petroleum Exchange)(Brief article)
Mar 16, 2007 ... Shanghai Petroleum Exchange (SPEX) listed toluene, styrene and diglycol by the medium and long-term transaction on March 8th. Besides, SPEX has also launched a spot-goods information release system. The transaction service platform in SPEX is basically completed today. ...
Zhoushan crude oil terminal project approved.(NEWSDESK: Energy)
Mar 16, 2007 ... To improve the transportation of imported crude oil and develop large-scale transportation by ships, the National Development and Reform Commission has recently approved the 300 000 tonnage crude oil terminal project located in Aoshan, Zhoushan, ...
Tianjin Tianyao to acquire 56.08% equity in Sanlong Chemical.(NEWSDESK: Acquisition)
Mar 16, 2007 ... On February 16th, Tianjin Tianyao Pharmaceutical Co., Ltd. (Tianjin Tianyao, SH: 600488) announced its intent to acquire 67.31% equity in Tianjin Sanlong Chemical Co., Ltd. (Tianjin Sanlong) owned by Tianjin Pharmaceuticals Group Co., Ltd., for a consideration of RMB89.2 494 million. Upon ...
Nanjing No.1 Pesticide acquires 49% equity in Nanjing Redsun Group.(NEWSDESK: Acquisition)(Nanjing Redsun Co. Ltd., Pesticide Group Co. Ltd.)(Brief article)
Mar 16, 2007 ... On March 2nd, 2007 Nanjing Redsun Co., Ltd. (Redsun, SZ: 000525) announced that Nanjing No.1 Pesticide Group Co., Ltd. (Nanjing No. 1 Pesticide), a subsidiary of Nanjing Redsun Group Co., Ltd. (Redsun Group) which is Redsun's majority shareholder, has acquired 49% equity in Redsun Group ...
USA makes antidumping final ruling on active carbon from China.(NEWSDESK: Acquisition)
Mar 16, 2007 ... On February 26th, 2007 the Department of Commerce of the United States made the antidumping final ruling on active carbon (customs code: 38021000) originated from China. The lowest tariff is 62.08%, the highest tariff is 228.11% and the average tariff for enterprises making response is ...
China terminates dumping investigation into Butanol.(NEWSDESK: Acquisition)
Mar 16, 2007 ... On March 2nd, 2007 the Ministry of Commerce (MOC) announced a termination of the dumping investigation into butanol (butyl alcohol, HS code: 29051300 and 29051400) originated from Russia, USA, South Africa, Malaysia, EU and Japan, effective March 2nd, 2007, for the sake of the domestic ...
CNPC forms alliance with Norway Statoil.(NEWSDESK: Cooperation)
Mar 16, 2007 ... On February 26th, Jiang Jiemin, General Manager of China National Petroleum Corporation (CNPC), met Helge Lund, President and CEO of Norway Statoil, in Beijing. Both sides signed the "MOU on Strategic Cooperation" and a strategic partnership between the two sides was therefore established ....
CNPC to build bio-energy project in Shandong province.(NEWSDESK: Cooperation)
Mar 16, 2007 ... On March 4th, 2007 China National Petroleum Corporation (CNPC) signed a Framework Agreement on Bio-energy Development with Shandong Provincial Government. Under the agreement, both parties intend to jointly manufacture fuel alcohol and bio-gasoline using non-food corns as raw ...