China Chemical Reporter back issues from March 2008:
Sinopec Group acquires subsidy again.
Mar 06, 2008; ... In June 2007 CCR ever discussed the subsidy on refining business in an article titled with Awkward Prices of Oil Products and Disputed Subsidy. This year, under public criticism pressure, Sinopec Group with a monopoly position in China's refining industry again obtains a financial subsidy ...
Export tariffs rise for fertilizers.(Policy, Economy & Finance)
Mar 06, 2008; ... China raises temporary export tariffs on some fertilizer. The government increases export tariff rate on di-ammonium phosphate (DAP HS code: 31053000) and mono-ammonium phosphate (MAP, HS code: 31054000) to 35%, effective from February 15th to September 30th, 2008; and restore the previous ...
China imposes consumption tax on fuel oil and naphtha.(Policy, Economy & Finance)
Mar 06, 2008 ... China has begun levying consumption tax on fuel oil and naphtha since January 1st, 2008, the Ministry of Finance and the State Administration of Taxation jointly released. Under the new tax scheme, rates are RMB0.2 per liter for naphtha, solvent oil and lube; RMB0.1 per liter ...
An official from the National Development and Reform Commission says China will take seven major measures to maintain the stable market price in 2008.(Brief article)
Mar 06, 2008 ... An official from the National Development and Reform Commission says China will take seven major measures to maintain the stable market price in 2008. (1) Adopt a sound financial policy and a tight monetary policy, strengthen and standardize the management of new construction ...
The Ministry of Agriculture has recently issued an urgent notice.
Mar 06, 2008 ... The Ministry of Agriculture has recently issued an urgent notice. Agricultural departments at various levels are requested to restore the production of major crops after the snow-hit. According to the survey made by the Ministry of Agriculture, by February 14th the affected area ...
2007 review and 2008 projection of petrochemical and chemical industry.(M & A, Business & Trade)
Mar 06, 2008 ... By CPCIA (China Petroleum and Chemical Industry Association) 1 Economic functioning of petroleum and chemical industry in 2007 The industrial output value (current price) accomplished by the petroleum and chemical industry of China in 2007 was RMB5.3 trillion, an ...
Celanese announces agreement with SWRDIC.(M & A, Business & Trade)
Mar 06, 2008; ... Celanese Corporation (NYSE: CE) announces that it has reached a definitive agreement with Southwest Research and Design Institute of Chemical Industry (SWRDICI), based in Chengdu of Sichuan province, that will accelerate Celanese's research and development efforts in acetyls. ...
LANXESS to build butyl rubber plant in Singapore.(New Setup, Agreement & Plan)
Mar 06, 2008 ... LANXESS is to build a butyl rubber production plant in Singapore with an annual capacity of up to 100 thousand t/a. Construction is due to begin in the first quarter of 2009 and will be completed by the end of 2010. The plant will be constructed in Tembusu Cluster of Jurong ...
PetroChina signs LOI to buy LNG from Qatargas.(New Setup, Agreement & Plan)
Mar 06, 2008 ... PetroChina Co., Ltd. (PetroChina, HK stock code 0857; NYSE symbol PTR SH: 601857) signed a letter of intend (LOI) agreement with Qatargas Operating Co., Ltd. to buy liquefied natural gas from Qatar on February 13th. Under the LOI, Qatargas Operating Co. will supply LNG to a ...
CNPC Huayou Group to operate gas in Shijiazhuang.(New Setup, Agreement & Plan)
Mar 06, 2008 ... On February 16th, CNPC Huayou Group Corporation entered into a gas framework agreement with Shijiazhuang Municipal Government of Hebei province. Under the agreement, CNPC Huayou Group will set the middle and long-term development plan as soon as possible of speeding up the ...
Liaoning Huajin signed contract for ethylene expansion unit.(New Setup, Agreement & Plan)
Mar 06, 2008 ... China Petroleum Jilin Chemical Engineering & Construction Co., Ltd. (Jilin Chemical Engineering & Construction, SH: 600546) has signed a construction contract with Liaoning Huajin Group Co., Ltd., valued at RMB150 million. Liaoning Huajin Group is conducting the 460 000 t/a ...
Tianwei Baobian to import equipment for polycrystalline facility.(New Setup, Agreement & Plan)(Leshan Ledian Tianwei Silicon Science and Technology Co., Ltd)(Brief article)
Mar 06, 2008 ... On February 20th, Leshan Ledian Tianwei Silicon Science and Technology Co., Ltd. signed an agreement with a US firm on purchasing equipment package for its 3000 t/a polycrystalline at Leshan site. Leshan Ledian Tianwei Silicone Science and Technology, a joint ...
China launches 2nd west-east gas pipeline project.(Energy)
Mar 06, 2008 ... On February 22nd, 2008 China began the construction work on its second west-east natural gas transmission pipeline. It will mainly transmit natural gas from Turkmenistan and China's Xinjiang to the Yangtze River and Pearl River deltas, China's two most developed regions. It was ...
Changes in the distribution of funds raised by China Coal Energy.(Energy)
Mar 06, 2008 ... China Coal Energy Co., Ltd. (SH: 601898) got listed in Shanghai Securities Exchange on February 1st, 2008, and per-share price increased 31.91% in the day. Subtle changes in the distribution of the funds raised by the company have been made between its application for the first ...
CNPC and Sinopec further strengthen oil/gas supply.(Energy)
Mar 06, 2008 ... CNPC and Sinopec Group have taken measures to further strengthen the production and sales of oil products and natural gas to guarantee the safe and stable supply. CNPC are trying its best to increase the output of natural gas. In January 2008, the average gas supply in the ...
New energy conservation law focuses on actual effect.(Energy)
Mar 06, 2008 ... The "greenest" energy is the energy that has been saved. It is now obvious that China's lawmakers agree with this view. The revised "Energy Conservation Law" has been approved by the Standing Committee of the National People's Congress and implementation will begin on April 1st, 2008 as a ...
CNPC and Sinopec lose at least RMB600 million.(Energy)
Mar 06, 2008 ... China's two major oil companies--China National Petroleum Corp (CNPC) and China Petrochemical Corporation (Sinopec Group)--suffered more than RMB600 million in direct economic losses as a result of the recent snowstorm, according to the State-Owned Assets Supervision and Administration ...
Shandong dimethyl ether unit conducts wet commissioning.(Energy)
Mar 06, 2008 ... In January 2008, the 200 000 t/a dimethyl ether unit of Shandong Yuhuang Jinyu Chemical Co., Ltd., a subsidiary of Shandong Yuhuang Chemical Co., Ltd. was conducted successful wet commissioning. Shandong Yuhuang Chemical Co., Ltd is one of the 500 ...
Prices of chemical futures in China as of February 27th, 2008.(Energy)(Statistical table)(Brief article)
Mar 06, 2008 ... <Pre> Prices of Chemical Futures in China as of February 27th, 2008 Close Product Contract month(RMBIt) LLDPE0803 (March 2008) 13 800 0805 (May 2008)14 280 Fuel oil ...
Green credit falls behind expectations.(Health, Safety & Environment)(Brief article)
Mar 06, 2008 ... A scheme aimed at curbing pollution by tightening loans to polluters has not worked well, China's top environmental agency acknowledged on February 13th, 2008. "Implementation of the "green" credit policy has yielded initial achievements in the past half year, but it still falls ...
China introduces "green insurance system".(Health, Safety & Environment)
Mar 06, 2008 ... China is to introduce a "green insurance system" to better monitor polluting industries and help victims get immediate compensation, according to the State Environmental Protection Administration (SEPA) on February 18th. "The system, which aimed to have all industries with ...
Hunan launches urban sewage treatment projects.(Health, Safety & Environment)
Mar 06, 2008 ... During 2008-2010 Hunan province will raise RMB 10 billion for the construction of sewage treatment facilities in all cities and counties to guarantee the safety of drinking water for urban residents. It is defined in the "Three-Year Action Plan for the Construction of Urban ...
Beijing to close 144 gas stations.(Health, Safety & Environment)
Mar 06, 2008 ... Local environmental officials recently said that 144 gas stations and nine oil depots in Beijing would be closed by the end of May 2008 because of cost or safety issues connected with air quality regulations. There are 1 442 gas stations in Beijing, so the closure will affect ...
BASF presents its first carbon balance.(Health, Safety & Environment)
Mar 06, 2008; ... BASF is the world's first company to present a comprehensive carbon balance for its operations. The results show that BASF products can save three times more greenhouse gas emissions than the entire amount caused by the production and disposal of the company's products. ...
Urea.(Fertilizer in February)
Mar 06, 2008 ... The snowstorm and frozen rain took placed in southern China caused heavy problems to the delivery, urea manufacturers in the region operated well below the full capacity. Although the urea price is not allowed by the government to be higher than RMB1 725/t, the actual trading prices have ...
MAP.(Fertilizer in February)(mono-ammonia phosphate)(Brief article)
Mar 06, 2008 ... MAP (mono-ammonia phosphate) prices remained unchanged in February. Powder MAP (55%) is quoted at RMB3 500/t to RMB3 550/t without freight. Manufacturers are sending goods for the previous contracts that are typically effective till early March. The government lifts the ...
DAP.(Fertilizer in February)
Mar 06, 2008 ... DAP (di-ammonia phosphate) producers in Guizhou province that is a major DAP production region of China, have not operated normally due to the snowstorm. Presently the 64% DAP is offered between RMB3 900/t and RMB4 100/t not including freight. The ...
Compound fertilizers.(Fertilizer in February)
Mar 06, 2008 ... After Chinese New Year, the compound fertilizers market keeps silent without new price quoted. Sellers are offering an ex-work price of RMB2 950/t-RMB3 200/t for 45% sulfur based compound fertilizers, RMB2 500/t to RMB2 900/t for chlorine based compound fertilizers. Common operation rate ...
Potash fertilizers.(Fertilizer in February)
Mar 06, 2008 ... Potassium sulfate prices are catching up the surging sulfuric acid price that reached RMB1 500/t in many regions, nearly 200% higher than one year ago. The ex-work price of 50% powder potassium sulfate is offered at around RMB4 000/t at the end of February, unchanged with one ...
Cautious eying soda ash market in 2008.(Inorganics)
Mar 06, 2008; ... Both the capacity and the output of soda ash in China grew rapidly with the strong stimulation of consumption and investment. There were more than 60 soda ash producers by the end of 2007. Market competition is fierce, supply deficit has turned into oversupply, helping China shift to net ...
Isopropanol capacity grows dramatically.(Organics)
Mar 06, 2008; ... The total capacity to produce isopropanol (iso-propyl alcohol) in China reached 140 000 t/a at the end of 2006 with actual output of 115 000 tons. The annual growth of output had been around 11.4% on average from 2001 to 2006. In addition to CNPC Jinzhou Petrochemical Company Ltd. (100 000 ...
Great supply shortage of high-grade precipitation-process silica white.(Fine and Specialty)
Mar 06, 2008; ... Production technology tends to be well-developed China's process technology for the production of precipitation-process silica white has made great progress in recent years. The concentrated sulfuric acid process has replaced the dilute sulfuric acid process. The entire reaction ...
New multi-functional water treatment agent.(Fine and Specialty)
Mar 06, 2008 ... The new multi-functional water treatment agent project completed by Tianlong Water Treatment Technology Co., Ltd. under Central Research Institute of China Chemical Science and Technology has recently passed experts' appraisal. To tackle problems with water treatment agents such ...
DSM launches soy peptide project in China.(Fine and Specialty)
Mar 06, 2008 ... On February 4th, 2008 Royal DSM N.V. announced the launch of a soy peptide project in China. DSM Food Specialties has signed a cooperation agreement with Zhongshi Duqing Biotech Co., Ltd (ZSDQ) and China National Research Institute of Food and Fermentation Industry (CNRIFFI). The three ...
Thin margin for nylon cord sector.(Polymer)
Mar 06, 2008; ... 1 Present production status China has more than 40 nylon cord producers today. There are around six producers that have a capacity of over 20 000 t/a each and are in normal operation. The output of nylon cord in China was 282 000 tons in 2006, accounting for 40% of the world ...
Snow-hit affects resins market in January and February.(Polymer)
Mar 06, 2008 ... PS The market transaction of PS was slack in January, affected by the heavy snow and the cold weather, the transportation was blocked, the delivery of partial commodities was delayed and the price of PS slightly went up. The market demand for PS was low but the supply shortage ...
Powder SBR with high styrene content.(Polymer)
Mar 06, 2008 ... Powder SBR (styrene-butadiene rubber) with high styrene content developed by CNPC Lanzhou Petrochemical Company Research Institute has been produced at a batch in Lanzhou. The product is a powdery emulsion-polymerized SBR with high styrene content. It has an excellent balance ...
Shandong Helon: leading enterprise in viscose staple fiber sector.(Company Focus)(Company overview)
Mar 06, 2008 ... Shandon Helon Co. Ltd. SZ: 000677) is engaged in viscose staple fiber, viscose filament fiber, cotton pulp, cord fabrics and canvas, and non-woven fabric. It is a leader in the vicose staple fiber sector in China. The company has man outstanding competitive advantages compared with other ...
Prices of major chemicals quoted in Shanghai in February 2008.(Statistics)(Statistical table)
Mar 06, 2008 ... <Pre> Prices of Major Chemicals Quoted in Shanghai in February 2008 Product Specification Inorganic chemicals Ammonium Chloride 99% Baking Soda Food grade Barium Carbonate99% Barium ...
Ex-factory prices (no freight) as of February 29th, 2008.(Statistics)
Mar 06, 2008 ... <Pre> Ex-factory Prices (no Freight) as of February 29th, 2008 Product Manufacturer RMB/t Acetone (industrial grade A) Sinopec Shanghai Gaoqiao 9250 PetroChina Jilin Petrochemical...
China designs new target.
Mar 16, 2008; ... China's two most powerful organizations, the National People's Congress and the National Committee of the Chinese People's Political Consultative Conference, held their conferences beginning March 5th to judge and approve the current government's report of work in the past five years, and ...
Stable growth of China's economy for 2008.(Policy, Economy & Finance)
Mar 16, 2008 ... The 2008 Economic Information Green Book published by the Chinese Academy of Social Sciences points out that stimulated by the rapid growth of the world economy and the brisk demand in the domestic market, the economy in China turned from a slightly heated trend to an overheated trend in ...
Green loan for energy saving and emission reducing projects.(Policy, Economy & Finance)
Mar 16, 2008 ... China Banking Regulatory Commission (CBRC) says that by the end of 2007 the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Construction Bank of China, the Bank of China and the Bank of Communications totally released a loan of RMB 106. 334 billion for major ...
Hot money under the shelter of FDI.(Policy, Economy & Finance)
Mar 16, 2008 ... In January FDI in China increased by 109.78% year-on-year to US$11.2 billion. Such a rocketing growth rate has been appearing since November 2007. What is the real sign? Some people are confident that as an emerging economy, China is interesting more investors. Other economists think FDI ...
CNPC regroups Daqing business for overall listing?(M & A, Business & Trade)
Mar 16, 2008 ... After an 8-year split, PetroChina Daqing Oilfield Co., Ltd. is regrouped to CNPC Daqing Petroleum Management Bureau. An insider says after the integration of these two companies, CNPC (China National Petroleum Corporation), the parent of PetroChina Company Ltd. (SH: 601857) may ...
New Hope bids for 45.13 mln shares in Baoshuo.(M & A, Business & Trade)
Mar 16, 2008 ... The New Hope Chemical Investment Co., Ltd., a subsidiary of New Hope Group has bidden for the 45. 13 million shares in Hebei Baoshuo Co., Ltd. (Baoshuo, SH: 600155) from Hebei Baoshuo Group Co., Ltd., for a consideration of RMB23.5 million, therefore being the largest shareholder of ...
Sinochem International acquired Monsanto's pesticide business.(M & A, Business & Trade)
Mar 16, 2008 ... On February 29th, Sinochem International (SH: 600500) announced the company and its subsidiaries have signed a definitive agreement with Monsanto to acquire Monsanto's butachlor and alachlor businesses and some other assets in some Asian countries. Under the agreement, Sinochem ...
China's auto market to maturity.(M & A, Business & Trade)
Mar 16, 2008 ... "In China's fast developing market, car manufacturers need to build strong brands to distinguish themselves from increasing competition. The tremendous potential of the Chinese auto market by itself is no guarantee for sustainable success," said Jim Sailor, TNS Greater China Managing ...
Ensure fertilizer supply for spring ploughing.(M & A, Business & Trade)
Mar 16, 2008 ... The seven ministries and commissions including the National Development and Reform Commission (NDRC), the Ministry of Agriculture and the Ministry of Commerce held a conference on chemical fertilizer supply on February 26th to guarantee a stable supply and a stable price of chemical ...
Dow accelerates innovation to get growth.(M & A, Business & Trade)
Mar 16, 2008; ... "Dow reported record annual sales of US$53.5 billion in 2007, 9% higher than last year's record of US$49.1 billion. Dow achieved a net income of US$2.9 billion for the fiscal year 2007, compared with net income for 2006 of US$3.7 billion," released by Jim McIlvenny, the president of Dow ...
Sinopec to gain subsidies for refining business.(M & A, Business & Trade)
Mar 16, 2008 ... It is reported that Sinopec Petrochemical Corporation (Sinopec Group), the parent company of Sinopec Corp. (SH: 600028), has acquired the subsidies approval from the government for its refining business. The specific amount of subsidies is not disclosed. Sinopec Corp. has ...
Tongzi coal chemical facility select GE's gasification technology.(M & A, Business & Trade)
Mar 16, 2008 ... Guizhou Jinchi Chemical Co., Ltd. has selected GE Energy's gasification technology for a coal hemical production facility in Tongzi County, Guizhou province. Guizhou Jinchi Chemical will soon start construction of the coal chemical project in Tongzi. The company will use GE's ...
Lurgi Zimmer wins PA6 contract in China.(M & A, Business & Trade)
Mar 16, 2008 ... Lurgi Zimmer GmbH announced on February 22nd it has won a contract for building a polyamide 6 (PA6) project in Zhejiang Huajian Nylon Co., Ltd. Zhejiang Huajian is a well-known PA6 producer for textile and engineering plastics applications. With the new plant, Zhejiang Huajian ...
PolyOne opens third color development center in China.(M & A, Business & Trade)
Mar 16, 2008 ... On February 25th PolyOne Corporation announced the opening of its new color development center in Tianjin. PolyOne currently has state-of-the-art color development centers in Shanghai and Shenzhen of Guangdong province. The Tianjin color development center will be used to ...
Bluestar New Chemical Materials consolidates new material business.(New Setup, Agreement & Plan)(Brief article)
Mar 16, 2008 ... Bluestar New Chemical Materials Co., Ltd. (SH: 600299), under China National BlueStar (Group) Corporation (BlueStar), announced on February 27th, Bluestar New Chemical Materials plans to set up a joint venture partnering with BlueStar and its wholly-owned subsidiary BlueStar France. ...
CNPC plans new refinery in Liaoning.(New Setup, Agreement & Plan)
Mar 16, 2008 ... China National Petroleum Corporation (CNPC), the nation's largest oil producer, plans to build a 10 million t/a refinery in Huludao, Liaoning province of northeastern China. A source from CNPC says CNPC has approved the complex's feasibility study. In parallel with ...
Celanese to establish Asia shared service center in Nanjing.(New Setup, Agreement & Plan)
Mar 16, 2008; ... On March 4th, Celanese Corporation announced a strategic plan to establish an Asia Shared Service Center in Nanjing, to standardize and simplify business processes throughout the Asia region. As growth in Asia is a main focus of Celanese, all shared service functions in Asia ...
Hanwha to establish PVC plant in China.(New Setup, Agreement & Plan)
Mar 16, 2008 ... Korea's Hanwha Chemical Corp. plans to set up a new PVC plant with an investment of RMB2.66 billion. The proposed plant is selected in Ningbo of Zhejiang province and is designed to produce 300 thousand tons ...
CNPC and Qatar Petroleum to form Petrochemical JV in China.(New Setup, Agreement & Plan)
Mar 16, 2008 ... China National Petroleum Corporation has signed an initial agreement with Qatar Petroleum to set up a refining complex joint venture in China. China Securities Journal reported on March 5th. The complex is expected to be ...
INVISTA licenses BDO and PTMEG technologies to Tianhua Fubang.(New Setup, Agreement & Plan)
Mar 16, 2008 ... On March 3rd, INVISTA, announced it has signed a technology licensing agreement with Sichuan Tianhua Fubang Chemical Co., Ltd. (Tianhua Fubang) to license its BDO and PTMEG manufacturing technologies to the Chinese company. Tianhua Fubang, a joint venture between Sichuan Tianhua ...
Fengxi and DSM form Melamine JV in Shanxi.(New Setup, Agreement & Plan)(Fengxi Fertilizer Industry (Group) Co., Ltd.)(DSM Melamine B. V.)(Shanxi Fenghe Melamine Co., Ltd.)(joint venture)
Mar 16, 2008 ... On February 28th, China's large coal chemicals producer--Fengxi Fertilizer Industry (Group) Co., Ltd. and the world largest melamine supplier DSM Melamine B. V. jointly announced the establishment of their joint venture--Shanxi Fenghe Melamine Co., Ltd. which will produce melamine in ...
Evonik acquires remaining shares of Degussa Lynchem.(New Setup, Agreement & Plan)
Mar 16, 2008 ... Evonik Industries AG has acquired the remaining 49% of its former joint venture Degussa Lynchem Co. Ltd., in Dalian of northeastern China, from the Chinese shareholders Yuncai Wang and Jingkun Wang. By this transaction Degussa Lynchem has become a wholly owned subsidiary of Evonik. The ...
Reflections on natural gas supply in China.(Energy)
Mar 16, 2008 ... According to the Distribution of Natural Gas Pipelines and Development Program for the Eleventh Five-year Program Period (2006-2010), the total length of natural gas pipelines in China will increase to 44 000 km by 2010 attaining the goal of a natural gas supply mode featuring "west-east ...
Sinochem launches a heavy oil processing project.(Energy)
Mar 16, 2008 ... Sinochem Corporation has commenced the construction of 5.0 million t/a heavy oil processing project in Quanzhou, Fujian province. Fujian Integrated Refining and Ethylene Project held by Aramco, ExxonMobile and Sinopec is also located in Quanzhou, and both projects will serve ...
CNOOC discovered ten oil and gas fields in 2007.(Energy)
Mar 16, 2008 ... China National Offshore Oil Corporation (CNOOC) discovered ten oil and gas fields on offshore areas like the Bohai Bay and Beibu Gulf in 2007. China National Petroleum Corporation (CNPC) also found the Jidong Nanpu Oilfield with a reserve of 1 billion tons in the Bohai Bay. ...