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Gazprom and PetroChina restore dialog on gas price

Gazprom to study underground gas storage in China  Last May, China and Russia had terminated lengthy negotiations on their natural gas trading prices to drive the constructions of multiple gas pipelines between the two countries. China had made its best efforts to increase its offer from $0.235 per cm to $0.250 while Russia was ready to accept $0.300 per cm instead of $0.350. But the […]

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Solvay invests $200 million in bio-based ECH facility in China

Solvay’s Vinythai selected Taixing for new ECH plant  With a Chinese market of epichlorohydrin (ECH) expected to grow by 8% per year, Solvay and its Thai affiliate, Vinythai have decided to invest in a new production plant in Taixing, Jiangsu Province, China. This new plant will have an initial capacity of 100,000 t/y epichlorohydrin. Solvay […]

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Yan’an Energy selects Dow and Davy LP Oxo technology

Dow and Davy license LP Oxo℠ Technology to Shaanxi Yanchang n-Butanol project Shaanxi Yanchang Petroleum Yan’an Energy and Chemical Co., Ltd.( Yan’an Energy) belongs to Shaanxi Yanchang Petroleum (Group) Co., Ltd. (Yanchang Petroleum), the fourth largest NOC in China. Yan’an Energy is planning to invest in a single integrated LP Oxo℠ plant, as part of Yanchang Petroluem Yan’an […]

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Sinopec and Mitsui in $320 million JV for Shanghai ETP

Sinopec and Mitsui to create world largest EPT plant Shanghai Sinopec Mitsui Elastomers Co., Ltd. was established on 28 May 2012 to build an ethylene-propylene-diene terpolymer (EPT) production plant in Shanghai Chemical Industry Park. The plant will use metallocene catalyst in its production. It will be the world’s largest and most advanced EPT production plant […]

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Carbon black

Definition Carbon black is virtually pure elemental carbon in the form of colloidal particles that are produced by incomplete combustion or thermal decomposition of gaseous or liquid hydrocarbons under controlled conditions. Comments Carbon black physical appearance is that of a black, finely divided pellet or powder. Its use in is related to properties of specific […]

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Gazprom, Total and Statoil to decide soon about Shtokman

Gas prices and high costs dictate to rethink Shtokman The foreseen capital expenditure for the Shtokman gas field development came up from first estimated $15 billion to $30-40 billion. This costs escalation is resulting from multiple factors including the combined target to produce 50/50 natural gas and LNG. This goal appeared to have a great impact on […]

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