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In Future,near in 2008, The British joint venture companies is reforming a LDPE's Plant w

--
GLOBAL INFO TECH
1252 The British joint venture9/10/2006
companies is reforming..
www.polymerbiz.com
Dow Corning technical expert in silane crosslinking technology is conducting a web sem

Pacific Time, USA: 7 a.m.


Eastern Time, USA: 10 a.m.
Paris, Madrid, Rome Time: 4 p.m.

--
GLOBAL INFO TECH
1253 Vinyl Silanewww.polymerbiz.com
Crosslinking9/10/2006
Technology helps in....
There is good triggers for oil price that have fallen.Since last two months,there is a conti
BP's decided to continue to work in the field of Alaska and to have oil production from pa
The price rates for Brent crude was settle down at $1.83 at $ 70.06 a barrel white US ligh
But for the whole year, prices are still 14% higher and there is no such decrease in the ra

GLOBAL INFO TECH


1254 Oil prices have fallen to9/10/2006
their lowest level in ..
www.polymerbiz.com
The plant is included with a fully prepared polymers laboratory to facilitate the developm
WAM (Emirates News Agency) - NEWS

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GLOBAL INFO TECH
www.polymerbiz.com
1255 Ducab opens AED 20 million
9/10/2006
PVC plant
For the 200,000 tpa polypropelene plant ,CSJC Nizhnekamsk(Russia) Refinery Choosen S

GLOBAL INFO TECH


1256 For the PP plant
www.polymerbiz.com
Russia 9/10/2006
has selected Spherizone...
Qatar petrochemical firm set up liaison office in Karachi
Copyright 2006 Pakistan Press International
All Rights Reserved

The Pakistan Newswire


KARACHI September 08

Qatar Petrochemical Company (QAPCO) has set up its liaison office in Pakistan with the a
This was stated by Vice-Chairman QAPCO Engineer Hamad Rashid Al-Mohamadi while ta
He said QAPCO has so far acquired 70 per cent market share in Pakistan by exporting pe
He said QAPCO's sister concern Qatar Vinyl Company was supplying 80,000 to 90,000 VC
Al-Mohamadi said Pakistan was a fast growing economy and in the last five years the de
He said QAPCO wanted to cater to this growing demand on long-term basis and his comp
He pointed out that QAPCO management has plan to enhance company's turnover from
Al-Mohamadi maintained that QAPCO's liaison office will also be utilised to market its pro
He said this office will not only market QAPCO products but promote joint ventures with

1258 Qatar petrochemical


news sourse
firm
9/13/2006
set
PPI
up liaison office in

Page 1
News

NANJING Sept 11

Since the 1990s, China's economy has grown at an average annual rate of 9.79 per cent
This indicates that China's economy has grown at a faster pace than oil resources develo
According to PetroChina Company Limited (SEHK:0857) Chemicals and Sales Company D
Monitoring of the Market Operation Department of the Ministry of Commerce show that C
Net crude oil imports hit 70.33 million tons, up 17.6 per cent; and that of finished oil, 12.
Meanwhile, as household consumption of sedan cars is becoming a trend and as the eco
China's national economy is expected to grow at an annual rate of 7 per cent in the next
However, China's oil output may grow at an annual rate of only 2 per cent. <br>

Copyright 2006 Asia Pulse Pty Limited


All Rights Reserved
<br>
1259 CHINA'S CRUDE OIL CONSUMPTION
Asia Pulse 9/13/2006 GROWS 5.77 PCT ANNUA
Petropavlovsk September 5

Kazakhstani President Nursultan Nazarbaev honored the grand commissioning ceremony


"Without turning around the agriculture we cannot turn around the economy. The backb
He said that as prices for oil and gas grow the plant's produce will "in the highest deman
The new plant valued at about $94 ml was built by Biokhim JSC drawing on the credits fr
"It is the first ever plant of this kind built in the CIS countries and its products meet the h
The plant uses the technology based on the processing of locally grown wheat to produc
According to the press release, the main consumers of bio-ethanol will be EC countries in
In Kazakhstan the grain belt covers Kostanai, Akmola and North Kazakhstan.

Copyright 2006 Interfax News Agency


All Rights Reserved

1260 KazakhstaniKazakhstan
President launches
General
9/13/2006
Newswire
a $94 ml new bio-et
A Thai major oil trader, Bangchak Petroleum Public Company Limited (Bangchak), has lau
Bangchak President Anusorn Sangnimnuan and Prince of Songkhla University (PSU), Hat
Mr. Anusorn said Bangchak is now constructing a biodiesel refinery, expected to be comp
The biodiesel refinery would use technology developed by PSU and the biodiesel from th
The programme is in response to the government policy to promote the use of biodiesel
Five Bangchak petrol stations in Bangkok will initially buy used vegetable oil from comsu
One litre of used vegetable oil can produce 0.9 litres of biodiesel fuel, he said.
(TNA-OANA)

Copyright 2006 Asia Pulse Pty Limited


All Rights Reserved

1261 THAILAND'SAsia
BANGCHAK
Pulse 9/13/2006
TO BUY USED VEGETABLE OIL TO .
Due to an ongoing increase of petrochemical raw materials, energy and
transporatation costs, PolymerLatex is forced to increase prices for its range
of NBR latices worldwide by 7% effective 1st October 2006.

<br><br><br>

--
GLOBAL INFO TECH
www.polymerbiz.com
1262 PolymerLatex is increasing
9/16/2006
the NBR latex prices ..

Page 2
News

BEIJING (Sept. 13, 11:35 a.m. EDT) -- China's Ministry of Construction announced that the

<br><br><br>
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GLOBAL INFO TECH
<br>
1263 CHINA WASTE
www.polymerbiz.com
WATER SYSTEM
9/16/2006
TO INCLUDE PVC PIPE
Oil industry leaders are seeking to play down fears that the world will run out of oil in the

<br><br><br><br>--<br>GLOBAL INFO TECH<br>


1264 Oil price falls below $639/18/2006
a barrel in New York
www.polymerbiz.com
The Iranian parliament speaker said Tuesday that a second natural gas pipeline could be
The first Iranian pipeline currently under construction is expected to be completed later
According to AP, Adel also said that Iranian oil exports to Armenia were under considerat
Construction on the $220 million (173 million euros) natural gas pipeline began in 2004,
Energy-hungry Armenia is looking to the pipeline to lessen its reliance on supplies from R

-- <br>
GLOBAL INFO TECH<br>
1265 Second Iran-Armenia
www.polymerbiz.com
Gas
9/18/2006
Pipeline Likely
Iran's oil minister on Wednesday denounced suggestions that his country might use oil a
reaffirming Tehran's commitment to supplying crude markets despite its standoff with t
Kazem Vaziri-Hamaneh told an OPEC conference in Vienna that Iran--the 11-nation organ
political lever now, AP reported. <br>
"OPEC and Iran are committed to ensuring oil supplies," he said during a panel discussio
Iran, the world's fourth-largest producer, pumps roughly 4
million barrels a day. <br>Concerns that Iran's showdown with western powers over its n
Since July, prices have fallen by about 20 percent amid expectations that Tehran could r
Vaziri-Hamaneh described Iran's aim to develop its nuclear sector as a natural step towa
Oil revenue drives Iran's economy and accounts for some 80 percent of its foreign-excha
Vaziri-Hamaneh has stressed before in recent months that Iran would not reduce exports
__________IRAN TENDER CO.<br>
<br><br>

-- <br>
GLOBAL INFO TECH<br>
www.polymerbiz.com
1266 Oil No Economic Weapon 9/18/2006
<p>Silicone joint ventures included in USD3.8bn deal.</p>
<p>15 September 2006 – GE is to sell its Advanced Materials business to private equity
1267 GE to sell off
<p>GE
Advanced
Advanced
9/18/2006
Materials
Materials
arm turns over $2.5bn and is a major player in silicone-based pro

Page 3
News

Sainsbury's will not use polylactic acid made from GM crops in its packaging.<br>
<br>
15 September 2006 – Last week, in a blaze of media attention, Sainsbury's announced th

"Our customers tell us that they don't want any GM products," said Stuart Lendrum, the
<br><br>
At present, Sainsbury's is not using any PLA in its compostable packaging. But Lendrum
<br><br>
The move by Sainsbury's is the latest round in the 'green wars' between Britain's giant re
<br><br>
Britain's third largest retailer, Sainsbury's is pushing for more home composting of waste
<br><br>
Lendrum said that, as well as compostability, Sainsbury's is also pushing for readily recy
<br><br>
The British Plastics Federation, however, is not convinced by the merits of the latest initi
<br><br>
"Furthermore, depending on the packaging type, composting can produce increased car
<br><br>
<br>
-- <br>
GLOBAL INFO TECH<br>
1268 Supermarket
www.polymerbiz.com
will avoid 9/18/2006
PLA made from GM crops
Brown University engineers have created a new battery that uses plastic, not metal, to c
<br><br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1269 BROWN ENGINEERS
www.polymerbiz.com
BUILD
9/18/2006
A BETTER BATTERY - WITH ....

Page 4
News

Dubai: Borouge and Borealis, leading providers of value creating plastics solutions, yeste
<br><br>
The centre represents a significant investment in Borouge's research capabilities to mee
<br><br>
The innovation centre, jointly developed by Borouge and Borealis, will concentrate on de
<br><br>
It will be located in Abu Dhabi and is expected to employ up to 45 technical staff in the in
<br><br>
As well as benefiting existing customers, the centre forms part of the strategic expansion
<br><br>
The innovation centre will also closely complement Borouge 2, the planned multi-billion d
<br><br>
With the establishment of research capabilities of this kind, the centre will make a strong
<br><br>
The Abu Dhabi innovation centre will work with Borealis' innovation centres across Europ
<br><br>
Borouge and Borealis will continue to enhance their research projects through partnersh
<br><br>
Now, a similar partnership between Borouge's innovation centre and the Petroleum Instit
<br><br>
Harri Bucht, chief executive of Abu Dhabi Polymers Company, said: "This will ensure that
<br><br>
"The centre will add value to our customers and will also support our increasing capacity
<br><br>
_GULF NEWS
<br><br><br><br><br>

--<br>
GLOBAL INFO TECH<br>
1270 New plasticswww.polymerbiz.com
innovation9/18/2006
centre unveiled for UAE
President Mahmoud Ahmadinejad said here Friday that Iran and the Persian Gulf state of
In a meeting with Qatari Crown Prince Tamim Bin Hamad Bin Khalifa Al-Thani on the side
"Both sides must work to implement bilateral accords," he said. <br>
Iran and Qatar as two influential regional countries can and should improve two-way ties
The Qatari prince expressed hope that bilateral ties would develop further and recalled t
1271 Support for Experts
Qatar Cooperation
say 9/18/2006
Iran and Qatar will top the world's gas producing countries by 2010. the two
Sinopec, a major Chinese oil firm, may soon sign a deal with Iran to develop the huge Ya

Sinopec will hold a 51 percent interest in Yadavaran, one of the largest untapped oil field
<br><br>
India's state-owned Oil and Natural Gas Corporation (ONGC) will have a 29 percent share
<br><br>
Sinopec first signed a memorandum with Iran on the development of the oil field in Octo
<br><br>
In the latest round of negotiations, Sinopec has agreed to provide equipment and service
<br><br>

<br><br>
1272 Sinopec, Iran
IRAN
to sign
DAILY
deal
9/18/2006
to develop huge oil ...

Page 5
News

The Organisation of the Petroleum Exporting Countries lowered a forecast for demand fo
<br><br>
Demand for Opec crude, known as the call on Opec, in 2007 will average 28.1 million bp
<br><br>
In its communique after the group's oil ministers met in Vienna on Monday, Opec said no
<br><br>
"The rebound in non-Opec supply in 2007 is predicted to be at its highest level since 198
<br><br>
Average demand for Opec's oil next year will be 800,000 bpd less than the 28.9 million b
<br><br>
Opec also trimmed a forecast for growth in world oil demand in 2006 by 100,000 bpd to

1273 Opec cuts demand


</b> forecast9/18/2006
A planned pipeline to supply crude oil to Asia from Eastern Russia is unlikely to pose any
<br><br>
"What the Chinese market wants and North Asia wants is sweet crude. There's no compe
<br><br>
The crude oil that will be transported by the pipeline will have lower sulfur content than
<br><br>
The 4,100-kilometer pipeline is being built by Russia's OAO Transneft and is expected to
<br><br>
The pipeline is set to run from Siberia's Irkutsk to the Amur region along the Chinese bor
<br><br>
For now, China is importing more low-sulfur Angolan crude and delaying investment in b
<br><br>
"It makes more sense for them, for the time being, to bring in (Angolan crude) until their
<br><br>
Saudi Arabia's market share in China and Asia will gradually increase as the kingdom bo
<br><br>
It is planning to build in China new refineries which will be jointly developed with state-o
<br><br>
Overall, Saudi Arabia is looking to add a net 1.5 billion barrels a day in crude oil producti
<br><br>
The new crude that is to come onstream will be sour crude, and the new refineries will b
<br><br><br>
1274 Russia Oil Pipeline
SAUDIAWon't
ARABIA____
9/18/2006
Hit Saudi Crude-Saudi ..
The price of Kuwaiti crude oil reached USD 55.78 on Friday dropping 73 cents from Thurs
<br><br>
KPC said in a statement that the all-time high for the Kuwaiti crude oil had been recorded
<br><br>
Analysts said oil prices are still considered high despite their recent drop and attributed
<br><br><br>
<br>

1275 Kuwaiti crude


KUWAIT
at USD
NEWS
55.78
9/18/2006
AGENCY
Friday -- KPC

Page 6
News

Majlis Speaker Gholamali Haddad-Adel here on Saturday criticized officials for failing to b
According to IRNA, the speaker said while visiting Tehran Oil Refinery that no practical st
"(We understand that) the government is also facing certain difficulties, but we are enter
"The question is how much progress has been made so far in developing refineries and c
He blamed mismanagement for the country's heavy reliance on gasoline imports, stressi
The government has said that given the excessive gasoline consumption, imports will co
Mohammad Reza Nematzadeh, managing director of the National Iranian Oil Refining an
"This growth rate is very high," he said adding that the government has had to import 30
He said the country's gasoline inventory has more than doubled to reach 1.7 billion liters
Nematzadeh said that the construction of each refinery will take at least four years, stres
He said that gasoline smart card project's contractor has failed to meet the commitment
<br> <br> <br>

KUWAIT NEWS AGENCY


<br> <br> <br> <br> <br> <br>

-- <br>
GLOBAL INFO TECH<br>
1276 Zero Progress in Curbing
9/18/2006
Fuel Consumption
www.polymerbiz.com

Page 7
News

Thailand's trade with the UAE is expected to grow 70 per cent this year as high oil prices
<br><br>
Ninety per cent of Thailand's imports from the UAE consist of oil and aluminium and the
<br><br>
Thai exports to the UAE, valued $1.1 billion in 2005, are expected to increase 30 per cen
<br><br>
Dubai-based Thai Trade Centre director Wittaya-korn Maneenetr told Gulf News Thailand
<br><br>
Thailand's main exports are auto parts, air conditioning units and parts, construction ma
<br><br>
In the first seven months of 2006, Thailand exported goods worth $850 million, while imp
<br><br>
"We are seeing a big increase in the value of our imports because of high oil prices. We e
<br><br>
"At this trade fair, we are focusing on the construction sector because of high demand fo
<br><br>
He said Thai companies offering services in architecture, property management, enginee
<br><br>
Intertrade Asia Company Limited, a Bangkok-based firm supplying building materials, fur
<br><br>
Intertrade chairman Somsak Yamasmit said the company hopes to start operations in th
<br><br>
"We have so many products that are in demand due to the current high-level of construc
<br><br>
Thailand takes part in 12 UAE trade exhibitions in various sectors each year.
<br><br>
There are about 80 Thai companies operating in the UAE.
<br><br><br>
<br>

gulf news
<br>
-- <br>
GLOBAL INFO TECH<br>
1277 Oil prices raise Thai-UAE9/18/2006
trade
www.polymerbiz.com

Page 8
News

Iran will propose a package of measures to curb gasoline (petrol) imports that include ra
"The government is working on draft legislation that will be presented to parliament by t
<br><br>
Other measures included a nationwide rationing plan and an accelerated expansion and
<br><br>
The official IRNA news agency reported on September 5 that the government had reques
<br><br>
The amount was intended to cover imports in the remaining months of the current Irania
<br><br>
In February, parliament approved a 2.5-billion-dollar budget for imports that was expecte
<br><br>
Iran is the second largest OPEC crude oil producer with around four million barrels per da
<br><br>
Heavily subsidized petrol in the country currently sells for 800 rials (nine US cents) a lite
<br><br>
Nematzadeh acknowledged that the issue was politically difficult and that price rises wou
<br><br>
"We dont know what will be accepted but this is what we are now working on," he told th
<br><br>
Domestic measures were expected to reduce consumption by 30 percent in five years, w
<br><br>
Nematzadeh said a rationing programme for the country's 15 million vehicles was expec
<br><br>
NIORDC was also working on a 16-billion-dollar plan to increase refining capacity from 1.
<br><br>
The plan involves the building of three new refineries and the upgrade and expansion of
<br><br>
Meanwhile, Iran was negotiating deals to construct refineries fed by Iranian crude in Chin
<br><br>
He expected work on three refineries to begin within a year.

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1278 Iran Mulls Raising Petrol9/18/2006
Prices To Limit Imports
www.polymerbiz.com

Page 9
News

Japanese wholesale prices were up 3.4% in August compared with a year ago, following
The rate was the highest for more than 25 years, although it was up only slightly on July'
<br><br>
Analysts said the figures suggested that firms were beginning to pass on higher costs to
<br><br>
The rise also indicated the economy is continuing to shake off deflation.
<br><br>
Economic growth
<br><br>
In July, the Bank of Japan raised interest rates to 0.25%, ending its zero-rate policy which
<br><br>
However, analysts do not think the latest data makes a further rate rise imminent.
<br><br>
"The rate of [wholesale price] increase is little changed, which is the result of a tug-of-wa
<br><br>
The news comes a day after Japan revised upwards its economic growth in the three mo
<br><br>
Japanese gross domestic product (GDP) grew at an annualised rate of 1%, compared wit
<br><br><br>

BBC NEWS

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1279 Oil spurs Japan wholesale9/18/2006
prices
www.polymerbiz.com
Iraqi Oil Minister Hussein al-Shahristani said Monday that Iraq was aiming to nearly doub
<br><br>
Iraq's current production figure is about 2.3 to 2.4 million barrels per day (bpd), accordin
<br><br>
"Our current plan is to increase production of crude oil over the coming five years to bet

"We expect, in a decade or so, for Iraq to be producing over 6.0 million barrels per day,"
<br><br>
Iraq is one of the 11 members of the cartel, but it is the only member not to be bound by
<br><br><br>

AFP NEWS RESOURCES

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1280 Iraq aiming www.polymerbiz.com
to nearly double
9/18/2006
oil output within ...

Page 10
News

President Pervez Musharraf has been invited by his Iranian counterpart Mahmoud Ahmad
The two leaders discussed the pricing issue for the gas to be supplied from Iran.
<br><br>
They expressed satisfaction over the appointment of a consultant on the issue.
<br><br>
?The Iranian president has invited President Musharraf on this issue,? Foreign Minister Kh
<br><br>
However, he said President Musharraf suggested that it would be a better idea if he were
<br><br>
Mr Kasuri said the Iranian leader indicated he would like to invite Indian Prime Minister M
<br><br>
President Musharraf and the Iranian leader discussed the ongoing talks on Iran?s nuclear
<br><br>
Referring to his recent visit to Brussels, President Musharraf said that during his meeting
<br><br><br>
Iran news resources

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1281 Iran Invites www.polymerbiz.com
President Musharraf
9/18/2006For Pipeline Talk
Reliance and IPCL, India's polymer majors have announced a polymer price drop wef 15
PP Raffia, TQ, Inj Molding grades are down by Rs 3 per kg on basic BOPP and Co Polymer
________News Resources by plastmart

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1282 Indian polymer
www.polymerbiz.com
prices fall
9/18/2006
German chemical group BASF plans to invest US$ one billion in the Asia-Pacific region ov
1283 BASF plans BASF
US$1 has
bln investment
already
9/18/2006
invested
in Asia-Pacific
more than ... US$ 2 bln in China in recent years, mainly in the fi

Page 11
News

Khorramabad-Energy-Contract <br><br>
A contract for exploration and development of an oil block in Khorramabad was signed S
<br><br>
During the signing ceremony, National Iranian Oil Company Executive Director Gholamho
<br><br>
Noting that Iran ranks second worldwide in terms of gas and oil reserves, he said that NI
<br><br>
He also noted that despite numerous research conducted all over the world to explore en
<br><br>
NIOC's Exploration and Development Department head Mahmood Mohaddeth said the N
<br><br><br>
news agency Iran

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1284 NIOC signs www.polymerbiz.com
oil exploration
9/18/2006
contract with ....
Borealis plans to invest an estimated €20 mln - 30 mln in a new pilot scale polypropylene
The pilot plant will enable Borealis to replicate its production technology and further its c
<br><br><br>
Plastmart News Resources

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1285 Borealis to invest in PP plant
9/18/2006
www.polymerbiz.com Schwechat

Page 12
News

A glance at reports about domestic gasoline production by nine active refineries of the c
The same report also indicates that production of oil products by domestic refineries has
Also, average gasoline imports has increased from 22.44 million liters per day in Septem
During the same period, suitable grounds have been prepared for the implementation of
The government has also supported production of fuel efficient cars and conversion of fu
The number of active compressed natural gas stations has increased by more than 130 p

<br><br><br>
ITC News resources IRAN

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1286 Domestic Gasoline
www.polymerbiz.com
Output
9/18/2006
Grows 7%
Metro Alliance Holdings and Equities Corp., owned by William Gatchalian, plans a naphth
JG Summit Holdings Corp., through petrochemical subsidiary JG Summit Petrochemicals C
Plastmart News Resources

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1287 Another naphtha
www.polymerbiz.com
cracker9/18/2006
planned in Philippines
Along with its counterparts in South Korea and Japan, Exxon Mobil Corp. and Royal Dutch
ExxonMobil has cut runs at its 605,000 bpd refinery in Jurong Island refining hub by 8-10
Shell has cut output at its 500,000 bpd refinery on Bukom Island after completing mainte
Singapore Refining Co. (SRC), that started a scheduled month-long turnaround at its 42,0
If margins continue to be unhealthy, the process of bringing it back to full capacity, could
<br><br><br>
Plastmart News Resources

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1288 Exxon, Shellwww.polymerbiz.com
cut operating
9/18/2006
capacity at major ....

Page 13
News

MANILA
<br><br>
In terms of which is the better biodiesel that could save the country millions of US dollars
<br><br>
"Jatropha will provide the volume, but CME will provide the quality," Engr. Mario Marasig
<br><br>
Marasigan cited that CME is only nine per cent short of ideal saturation level for diesel, b
<br><br>
High saturation level translates to excellent quality or desirable diesel properties and les
<br><br>
CME, a diesel derived from the coconut trees, had been slowly taking off and carving a n
<br><br>
"We have the perfect natural diesel in CME but a combination of both could yield a bette

The escalating price of petroleum and the global clamour for clean air sparked renewed
<br><br>
Jatropha oil stole the spotlight from CME after it was touted to save the country from mil
<br><br>
International studies said the seed oil from jatropha has huge potential as diesel oil subs
<br><br>
Simple and cheap production process, abundant supply of raw materials and zero emissi
<br><br>
However, many scientists remained skeptical about jatropha because of the lack of conc

Meanwhile, a scientist suggested that the country may achieve its goal towards fuel self
<br><br>
"CME is the most ideal biodiesel, now why do we have to look far? We can use coconut a

Meanwhile, Espino stressed that there are no reasons to discount the viability of jatropha

"Why do we have to look very far, CME is here already. Jatropa is still subjected to furthe
<br><br>
CME is sold at one peso higher than the prevailing price of diesel.
<br><br>
"My recommendation is, let's continue the replanting while we continue the studies on ja

"We have neglected the coconut industry. The country had been overtaken by Indonesia

(PNA)

<br><br><br>
Asia Pulse

<br><br>
NATIONWIDE INTERNATIONAL NEWS

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1289 COCOMETHYL
www.polymerbiz.com
ESTER SEEN
9/18/2006
AS BETTER BIODIESEL THAN ...

Page 14
News

ISLAMABAD
<br><br>

Pakistan will announce a preferential policy and a tax incentive package for Chinese inve
<br><br>
The incentive package would be part of the memorandum of understanding to be signed
<br><br>
The establishment of Gwadar Port Energy Zone would facilitate the setting up of an oil re
<br><br>
In this regard, the government has constituted a four-member committee to prepare and
<br><br>
The committee, headed by the deputy chairman of the Planning Commission, also includ

The Chinese petroleum industry has indicated shifting of energy-related industry and its
<br><br>
The China Chamber of Petroleum Industry (CCPI) and the All China Federation of Industry
<br><br>
The ACFIC and the CCPI have drawn three main conclusions that Pak-China energy co-op
<br>
(PPI)

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1290 PAKISTAN GOVT PLANS 9/18/2006
TAX INCENTIVES FOR CHINESE ...
www.polymerbiz.com

Page 15
News

BEIJING (XFN-ASIA) - China BlueChemical, a unit of China National

Offshore Oil Corp, plans to boost production capacity with investments of

more than 2 bln yuan annually until 2008, The Standard reported. <br><br>

The nitrogen fertilizer producer, which opens its Hong Kong public share

issue today, has not ruled out funding capital expenditure through a domestic

A-share sale or by offering H-shares to investors through a placement, the

newspaper said. <br><br>

Citing BlueChem's chief executive Yang Yexin, the newspaper said the

company will invest two bln yuan this year, 2.2 bln yuan in 2007 and 2.55 bln

yuan in 2008. <br><br>

Company chairman Wu Mengfei added that the company aims to keep its

gearing ratio below 35 pct. <br><br>

BlueChem has allocated about 35 pct of H shares to five cornerstone

investors - Henderson Land chairman Lee Shau-kee, Chinese Estates Holdings,

Bank of China Group Investment, Cinda Asset Management and international

fertilizer company Yara International.


<br><br>
The company is issuing 1.4 bln new shares in a price range of 1.38-1.90

hkd each.
<br><br>
Yang added that BlueChem will also start producing methanol and

polypropylene in an effort to diversify and capture opportunities in the

automobile and electronics industries.


<br><br>
But BlueChem's fertilizer business will remain its core business, he said.
<br><br>
The company is scheduled to start trading on Sept 29. <br><br>

(1 usd = 7.8 hkd; 8.0 yuan)

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1291 China BlueChemical
www.polymerbiz.com
to invest
9/18/2006
over 2 bln yuan ...
Page 16
News

Rapra Technology is organising its first International Conference on Polymers in Electron


<br>The technical program has now been announced and will include papers from Alber
<br>The future for the electronic materials industry looks mixed. With significant growth
<br>Europe has seen a major change in 2006 with the introduction of the RoHS (Restric
<br>Both directives require extended producer responsibility. In the case of WEEE, the b
Clearly, substantial investment in the research and development of new alternative mate
(Press Release)

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1292 International
www.polymerbiz.com
Conference
9/18/2006
on Polymers in Electronic

Page 17
News

Borouge and Borealis, providers of innovative plastics solutions, have announced the est
<br><br>
The centre represents a significant investment in Borouge's research capabilities to mee
<br><br>
The innovation centre, jointly developed by Borouge and Borealis, will concentrate on de
<br><br>
It will be located in Abu Dhabi City and is expected to employ up to 45 technical staff in
<br><br>
As well as benefiting existing customers, the centre forms part of the strategic expansion
<br><br>
The innovation centre will also closely complement Borouge 2, the planned multi-billion d
<br><br>
With the establishment of research capabilities of this kind, the centre will make a strong
<br><br>
The Abu Dhabi innovation centre will work with Borealis innovation centres across Europ
<br><br>
Borouge and Borealis will continue to enhance their research projects through partnersh
<br><br>
Borealis' innovation centre in Linz will collaborate with JKU, the Wels Advanced Technica
<br><br>
Now, a similar partnership between Borouge's innovation centre and the Petroleum Instit
<br><br>
Hubert Puchner, Chief Executive, Borouge, commented: "Innovation is, and will always b
<br><br>
Harri Bucht, Chief Executive Officer, Abu Dhabi Polymers Company, (Borouge) commente
<br><br>
John Taylor, Chief Executive Officer Borealis commented: "This announcement is a key m
<br><br><br>
(DubaiPhotoMedia)
<br><br><br>
Asia Pulse
<br><br>
NATIONWIDE INTERNATIONAL NEWS

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1293 NEW PLASTICS
www.polymerbiz.com
INNOVATION
9/18/2006
CENTRE SET TO OPEN IN UAE

Page 18
News

Director of planning and control of the West Ethylene Pipeline project noted that the proj
Amir Afshin Akhavan told Petroenergy Information Network that engineering operations
The official stated that the first and second parts of the pipeline have respectively progre
"The third part, which extends as far as Ramshir has progressed 69 percent by the said d
Progress figures for the fourth, fifth, sixth, seventh, eighth, and ninth parts of the pipelin
The official further noted that a plan is being studied to increase capacity of the pipeline
The West Ethylene Pipeline was first to be implemented over 1,500 km with total capacit
The pipeline starts in Assaluyeh in Bushehr province and will end in Mahabad, West Azar
<br><br>
IRAN NEWS AGENCY

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1294 West Ethylene Pipeline Progresses
9/18/2006 by 38%
www.polymerbiz.com

Page 19
News

Iraq and Iran plan to develop oilfields that straddle their

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br><br>

­­­­­­-

Page 20
News

European demand for converted flexible packaging will grow by 1.4% per year from £6.3
<br><br>
This is according to market intelligence firm PCI Film Consulting in its report The Europe
<br><br>
However, it predicts growth in western Europe to remain at less than 1% per year over th
<br><br>
Author of the study, Paul Gaster, said: "While these changes are impacting on most west
<br><br>
The report predicts that in spite of continuing plant rationalisation, the west European co
<br><br>
While multi-plant converters in western Europe can rationalise and relocate, many SME
<br><br>
_______PRW NEWS RESOURCES

<br><br><br>

­­­­­­-

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1296 Demand slowdown
www.polymerbiz.com
for flexible
9/18/2006
packaging in west...

Page 21
News

Royal DSM N.V. announces that it has decided to invest in a new facility at its Jiangyin sit

<br><br><br>

___________OMNEXUS

<br><br><br>

­­­­­­-

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1297 DSM to Invest
www.polymerbiz.com
in New Polymer
9/18/2006
Plant in China to ...
Degussa, the world's leading specialty chemicals company, and Shanghai Chemical Indu

<br><br><br>

___________OMNEXUS

<br><br><br>

­­­­­­-

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1298 Degussa Signs
www.polymerbiz.com
further Cooperation
9/18/2006 Agreement with..

Page 22
News

Brown University engineers have created a new battery that uses plastic, not metal, to c

<br><br><br>

___________OMNEXUS

<br><br><br>

­­­­­­-

<br><br><br>
<br>

-- <br>
GLOBAL INFO TECH<br>
1299 Brown Engineers Build a9/18/2006
Better Battery - With ...
www.polymerbiz.com

&nbsp;</font></p>

1300 Web seminar will be conducted


9/20/2006
on October 5, 2006

Page 23
News

Page 24
News

The in-place

1302 Azar field's www.polymerbiz.com


in-place set 9/20/2006
at 2b barrels

Page 25
News

Page 26
News

By John Whitehead</font></span></p>

1304 Problems beset European


9/20/2006
polymer output

Page 27
News

Page 28
News

ST. LOUIS

&nbsp;</font></div>

1306 Rigid packaging distributor


9/20/2006
Kranson acquired
ST. LOUIS

&nbsp;</font></font><p><a href="http://PLASTICSNEWS.COM" target="_blank" rel="n

1307 Blow molder Alpha adding


9/20/2006
Florida plant

Page 29
News

Page 30
News

Managing director of

1309 Gasoline Consumption Growth


9/20/2006
ShouldBe Lowered to 4%
MONTREAL&nbsp; --

&nbsp;</font></font><p><font size="2"><font color="#336699"><br clear="all">

1310 Nelmar brings film extrusion


9/20/2006
in-house

Page 31
News

Page 32
News

Director of

1312 Iran Invests $300m in Oil


9/20/2006
Exploration Annually

Page 33
News

1313 Lukoil brand sweeps across


9/20/2006
American towns

Page 34
News

20 SEPTEMBER

1314 MSOGPC Produces 20m9/20/2006


Barrels Crude Oil

Page 35
News

Page 36
News

Page 37
News

20 SEPTEMBER

1317 Statoil to pay $700m for9/20/2006


Gulf of Mexico assets

Page 38
News

&nbsp;The UAE's two domestic exchanges, the Dubai Financial Market and the Abu

1318 Pakistan firms may seek9/20/2006


listing in UAE

Page 39
News

&nbsp;</font><p><font size="2" color="#336699">-- <br>


1319 Borealis-OMV to be one 9/20/2006
of Europe's largest petro..

Page 40
News

1320 Ticona declares Force Majeure


9/20/2006
on GUR engineering .

Page 41
News

Page 42
News

The Central Government of India has granted permission to a Japanese petrochemical co

1322 Government clears Mitsubishi


9/20/2006
Chemical's project ..
NANTONG, CHINA -- Chinese engineering resin maker Blue Star New Chemical Materials
&nbsp;</font></font><p><font size="2"><font color="#336699"><br clear="all">

1323 Blue Star PBT plant set to


9/20/2006
open in 2007
ROCHESTER, N.Y.&nbsp; -- HF Technologies LLC, an injection molder of business machine
&nbsp;</font></font><p><font size="2" color="#336699"><br clear="all">

1324 HF ending its China joint9/20/2006


venture
WUHAN, CHINA&nbsp; -- U.S. plasticizer maker Velsicol Chemical Corp. and Chinese chem
&nbsp;</font></font><p><font size="2"><font color="#336699"><br clear="all">

1325 Velsicol to make plasticizers


9/20/2006
in China

Page 43
News

Page 44
News

Oil prices have fallen

Page 45
News

Page 46
News

Staff Report</font></p>

&nbsp;</div>

Page 47

1330 DFM signs agreement with


9/21/2006
Pakistan's Central ....
News

WAM</font></p>

&nbsp;</div>

1331 UAE plans to boost output


9/21/2006
to 3.5m bpd

Page 48
News

Page 49
News

Page 50
News

Page 51
News

1335 Iran, Venezuela start drilling


9/22/2006
joint oil well

Page 52
News

HANOI</font></span><p>

&nbsp;</font></p>

1336 Vietnam raises petroleum


9/22/2006
tariff again

Page 53
News

Page 54
News

Page 55
News

BEIJING</font></span></p>

&nbsp;</font></div>

1339 Pre-tax profit of CNOOC9/22/2006


up 29.4 percent in first..

Page 56
News

State-run Oil and Natural Gas Corp.

1340 ONGC eyes energy assets


9/22/2006
in Kazakhstan and Cuba

Page 57
News

BEIJING</font></span></div>

1341 CNOOC Chemical to raise


9/22/2006
US$341.8 mln from IPO

1342 ANALYSIS - CHINA'S BIOFUEL


9/22/2006
SECTOR HOLDS GREAT ...

Page 58
News

Page 59
News

Page 60
News

Tom Dixon's chair design was manufactured by the EPS Packaging Group. <Br><br><B

21 September 2006 – The first chair to be made from expanded polystyrene has been un
<br><BR>
Dixon has been giving away 500 chairs today, manufactured to his design by the British
<BR><BR>
He said: "EPS is incredibly lightweight and totally versatile – unique among plastics. A de
<BR><BR><BR>
Previous projects have seen Dixon install an injection moulding machine in the London S
<BR><BR>
Tony Pruchniewicz, chairman of the EPS Packaging Group, said: "Our industry could not b
<BR><BR>
The EPS Packaging Group has also launched a competition for designers to devise origin
<BR><BR>
PLASTICSCAPS.COM
<BR><BR>
-- <BR>
GLOBAL INFO TECH<BR>
1345 EPS chairs given away by
9/23/2006
top designer
www.polymerbiz.com
300-tonne Cap-Tec machines introduced at Ferromatik's open house. <BR><BR>

21 September 2006 – At today's open house at its European headquarters in Malterdinge

The Cap-Tec range has been designed with an optimised hydraulic system, a short strok

The first Cap-Tec 300 machines are due to be delivered to customers in January. Thierry

With cycle time cut by at least 0.5 seconds compared with using a K-Tec machines, Fabo
<BR><BR>
Potential customers are foreseen to include companies presently making bottles that wa
<BR><BR>
PLASTICSCAPS.COM
<BR><BR><BR>

-- <BR>
GLOBAL INFO TECH<BR>
1346 Ferromatik www.polymerbiz.com
launches dedicated
9/23/2006
closure moulding mac
Moulding machinery is moved into place ahead of Tuesday's opening. <BR><BR>

23 September 2006 - Injection moulding machines and other items of heavy equipment
<BR><BR>
The exhibition is a sell out with more than 210 exhibitors packing out the three halls and
<BR><BR>
The show area is around 10% larger than last year's debut event and features 30% more
<BR><BR>
Companies that have already registered to attend include Airbus; Beckton Dickinson; Be
<BR><BR>
"We are delighted that this year's PDM is shaping up to be bigger and better in every wa
<BR><BR><BR>

PRW.COM<BR>
-- <BR>
GLOBAL INFO TECH<BR>
1347 Build up starts
www.polymerbiz.com
for next week's
9/23/2006
sell-out PDM

Page 61
News

The 50MW plant would supply up to 20% of its Runcorn site's energy needs. <BR><BR>

23 September 2006 – PVC producer Ineos is intending to build an electricity plant using w

The combined heat and power (CHP) plant would use the latest energy-from-waste techn
<BR><BR>
The energy project is in addition to a £390m investment at the Runcorn facility, which ha
<BR><BR>
Chief executive of Ineos ChlorVinyls, Chris Tane, said: "The CHP facility we are proposing
<BR><BR>
The British Plastics Federation, which has urged the UK government to build more energ
<BR><BR>
Director general, Peter Davis, said: "Ineos, like the rest of the UK plastics industry, has b

<BR><BR><BR>
PRW.COM<BR>
-- <BR>
GLOBAL INFO TECH<BR>
1348 Ineos plans www.polymerbiz.com
energy-from-waste
9/23/2006
plant in UK
Korean chemical giant plans "increased commitment" to polymer industry. <BR><BR>

23 September 2006 – Songwon Industrial, the Korean additives and anti-oxidant produce

According to the company, the strategy amounts to an "increased commitment" to the p


<BR><BR>
A second manufacturing site for phenolic and phosphate antioxidants will be built near it
<BR><BR>
Songwon is also extending the product lines of its hindered amine light stabilisers (HALS
<BR><BR>
The company is looking to establish "direct channels to serve global markets". It has alre
<BR><BR>
Earlier this month, Songwon Industrial and Clariant International ended their cooperation
<BR><BR>
Clariant will continue to distribute Songwon antioxidants (1010,1076 and 168 type) and
<BR><BR><BR>

PRW.COM<BR>
-- <BR>
GLOBAL INFO TECH<BR>
1349 Songwon strengthens
www.polymerbiz.com
antioxidant
9/23/2006 capability

Page 62
News

Riyadh: Riyadh Governor Prince Salman bin Abdul Aziz reiterated Saudi Arabia's determi
<BR><BR>
"The Kingdom has achieved a good position in diversification of the economic sources by
<BR><BR>
Prince Salman urged the business community to take advantage of the ample opportunit
<BR><BR>
He also called on the developed nations to fulfil their obligations under the Kyoto Protoco
<BR><BR>
On his part, Ali Al Naimi, minister of petroleum and mineral resources, emphasised the k
<BR><BR>
Speaking to reporters on the sidelines of the conference, he said that the conference is a
<BR><BR>
Ali Al Naimi said that there should be intensive efforts to realise diversification of econom
<BR><BR>
He stressed that developing technology for using energy resources remains the key to fa
<BR><BR>
Mervat Tellawi, UN undersecretary and executive secretary of the United Nations Econom

<BR><BR><BR>

GULF NEWS<BR>
-- <BR>
GLOBAL INFO TECH<BR>
1350 Saudis strive hard to cement
9/23/2006
www.polymerbiz.com position as reliable
Reuters
<BR><BR>

<BR>
London: Oil's rapid descent to $60 is ringing alarm bells in many Opec countries and the
<BR><BR>
Prices have fallen $5 a barrel since the Organisation of Petroleum Exporting Countries ag
<BR><BR>
Ministers voiced concern then, with US crude oil at $66, about the speed of the decline a
<BR><BR>
Noticeable for his reticence was Saudi Oil Minister Ali Al Naimi, who steers the policy of t
<BR><BR>
But he broke his silence on Tuesday, saying that oil then around $62 a barrel was at a re
<BR><BR>
"We're all trying to read the tea leaves now," said Mike Wittner of Calyon investment ban
<BR><BR>
"If prices are 'reasonable', it's a carefully ambiguous remark that tells you little, because
<BR><BR>
"Our view is that the Saudis will start to trim quietly if US crude gets below $60," said Wi
<BR><BR>
"But the deciding factor will be whether prices are headed down to a sensitive area with
<BR><BR><BR>

GULF NEWS<BR><BR>
<BR>
-- <BR>
GLOBAL INFO TECH<BR>
1351 Opec production
www.polymerbiz.com
cutbacks
9/23/2006
likely to be just a quest

Page 63
News

Staff Reporter

<BR><BR><BR><BR>

Dubai: The Ministry of Economy has warned retailers, importers and distributors against
<BR><BR>
"We have warned retailers and distributors against making additional profits in Ramadan
<BR><BR>
"All main distributors and major companies and retailers confirmed their commitment to
<BR><BR>
GULF NEWS <BR>
<BR>
-- <BR>
GLOBAL INFO TECH<BR>
1352 UAE retailers warned against
9/23/2006
www.polymerbiz.com raising prices
Staff Reporter
<BR><BR><BR>
<BR>

Dubai: British bank Standard Chartered will begin an aggressive rollout of its home loan
<BR><BR>
Owen Belman, head of consumer banking at Standard Chartered, told Gulf News product
<BR><BR>
"We are ramping up our activity and hope to be a much more significant player in mortg
<BR><BR>
Several banks have announced plans to enter the mortgage business after Dubai's new f
<BR><BR>
Nearly 15 institutions already compete for the UAE's home loan pie that is poised to exp
<BR><BR>
Standard Chartered, the second-biggest of 25 foreign banks operating in the UAE after H
<BR><BR>
Its revenues have grown 30 per cent in the six months to June, 2006.
<BR><BR>
Belman said Standard Chartered will be prudent lender and target only those who are bu
<BR><BR>
"It (property) is a market that we anticipate there will be a correction and most people a
<BR><BR>
Industry officials estimate some 15,000 new housing units to hit the market over the nex
<BR><BR>
Belman said the retail segment made up half the bank's revenues and growth was strong
<BR><BR>
Under a new service guarantee scheme, Standard Chartered has also committed to deliv
<BR><BR>
Belman said its consumer research had showed that turnaround time is a concern and b
<BR><BR><BR>

GULF NEWS<BR>
-- <BR>
GLOBAL INFO TECH<BR>
1353 Standard Chartered
www.polymerbiz.com
to aggressively
9/23/2006 roll out mortga

Page 64
News

OBERHAUSEN, GERMANY -- A disruption in ethylene supply has led engineering resins m

-- <BR>
GLOBAL INFO TECH<BR>
1354 Ticona limits supply of UHMW
9/23/2006
www.polymerbiz.com PE in Europe
AURORA, OHIO -- Resilience Capital Partners LLC, a Beachwood, Ohio-based private equi
<br><br><br>
PLASTICS NEWS AGENGY<br>
-- <br>
GLOBAL INFO TECH<br>
1355 Resilience Capital
www.polymerbiz.com
buying
9/23/2006
pultruder Omega
AURORA, OHIO -- Resilience Capital Partners LLC, a Beachwood, Ohio-based private equi
<br><br>
PLASTICS NEWS AGENGY<br>
-- <br>
GLOBAL INFO TECH<br>
www.polymerbiz.com
1356 Resilience Capital buying
9/23/2006
pultruder Omega
23 September 2006
<br><br><br>

LONDON - World oil prices firmed on Friday as the market continued to recover from six-

<br>
New York's main contract, light sweet crude for delivery in November, added 30 cents to

In London on Thursday, Brent North Sea crude for November delivery gained 22 cents to

"Crude futures were firmer (on Friday), extending gains from yesterday and recovering f
<br><br>
"It seems that the market has found support around 60 dollars a barrel and is consolidat
<br><br>
"Although technical picture looks positive, there is at the moment little bullish fundamen
<br><br>
Crude futures had snapped higher on Thursday in what analysts said was some short-ter
<br><br>
Oil prices have slumped on fading supply worries, rising inventories, a relatively mild Atl
<br><br>
New York crude had hit 59.80 dollars on Wednesday, last seen on March 21, marking a 2
<br><br>
London Brent fell as low as 60.31 dollars on Wednesday, a level last hit on March 9.
<br><br>
Traders continued to track easing tensions in key crude producer Iran after world powers
<br><br>
According to diplomats, the United States and its European allies have decided to give Ir
<br><br>
The US is calling for economic sanctions against Iran, the world's fourth-biggest produce
<br><br>
Analysts warn that Iran could retaliate to sanctions by disrupting its oil exports, risking a
<br><br>
KHALEEJ TIMES<br>
-- <br>
GLOBAL INFO TECH<br>
1357 Oil prices rise slightly<br>(AFP)
9/23/2006
www.polymerbiz.com

Page 65
News

DUBAI — The Central Depository Company (CDC) Pakistan which hosted a roadshow in D
<br><br><br>

The roadshow sponsored by Khaleej Times and attended by more than 200 finance prof
<br><br>
Speaking at the roadshow, Mohammad Basheer Janmohammed, chairman of Central Dep
<br><br>
Describing the MoUs as the first steps towards achieving greater investment flows into P
<br><br>
Welcoming foreign portfolio investments into Pakistan's markets he said, "We are exami
<br><br>
Speaking about the economic fundamentals Janmohammed said: "The reform agenda of
<br><br>
Pakistan's economy maintained a solid pace of expansion in 2005-2006 and achieved 6.6
<br><br>
The size of Pakistan economy has doubled during the last seven years. Per capita income
<br><br><br>

KHALEEJ TIMES<br>
-- <br>
GLOBAL INFO TECH<br>
1358 Pakistan anticipates
www.polymerbiz.com
large
9/23/2006
investment flow from
DUBAI — Butti Saeed Al Ghandi, chairman of Dubai Investment Group, officially inaugura
<br><br><br><br>

The show brings together 80 exhibitors from 20 countries including national pavilions for
<br><br>
Other participants come from Croatia, Cyprus, Egypt, France, Hong Kong, Hungary, India
<br><br>
They specialise in the research, development, design, and packaging of in-house brands
<br><br>
Participants are showing a wide range of products, from food and drink to hygiene and h
<br><br>
The private label industry is experiencing huge growth worldwide — at double the rate fo
<br><br>
KHALEEJ NEWS<br>
-- <br>
GLOBAL INFO TECH<br>
1359 Private Label
www.polymerbiz.com
Expo opens9/23/2006
at DWTC

Page 66
News

LONDON - The dollar was on the backfoot against the yen and the euro on Friday followin

For the seventh trading day in a row the yuan hit a record high against the dollar since r

The euro climbed to 1.2827 dollars in early European trading from 1.2779 dollars late in

The dollar fell as low as 116.20 yen but later traded at 116.34 yen, compared with 116.3

Following the Philadelphia Federal Reserve survey, the dollar fell below 116.50 yen level

"After a raft of weak data earlier this week, the dollar finally gave ground on the back of

The Fed survey showed a plunge in the report index to a negative 0.4 points in August fr

The index, covering the key mid-Atlantic region, is often seen as proxy for the US industr

The greenback had already lost ground before the survey after the US Federal Reserve h

The US central bank did say it was prepared to raise rates again if warranted but some a
<br><br>
Elsewhere, US Treasury Secretary Hank Paulson headed home on Friday after a four-day
<br><br>
"The pace of appreciation of the yuan has significantly increased over the past month, a
<br><br>
Unless China dramatically revalues the yuan, which it has already ruled out doing, the U
<br><br>
Critics say that US companies are shut out of China, their products are systematically rip
<br><br>
The euro was changing hands at 1.2827 dollars against 1.2779 dollars on Thursday, 149
<br><br>
The dollar stood at 116.34 yen (116.33) and 1.2343 Swiss francs (1.2431).
<br><br>
The pound was being traded at 1.9053 dollars (1.9021).
<br><br>
On the London Bullion Market, the price of an ounce of gold rose to 588.45 dollars per ou
<br><br>
KHALEEJ NEWS<br>
-- <br>
GLOBAL INFO TECH<br>
1360 Dollar dips to two-week 9/23/2006
low against yen on US data
www.polymerbiz.com

Page 67
News

LONDON - Commodity markets were higher on Friday, with oil up nearly one percent and

The dollar was around two-week lows against the yen JPY and the euro EUR after data fro
<br><br>
A weaker dollar supports commodities, making them cheaper for holders of other curren
<br><br>
"If the dollar falls (further) we could see a trading bounce. In the longer term, people exp

"Gold looks particularly strong. In the medium term we have the seasonal retail buying s
<br><br>
By 1015 GMT spot bullion XAU was quoted at $591.00/593.00, up from $582.30/583.30 l
<br><br>
"The (US) Federal Reserve is keeping interest rates steady and a lot of economic data co
<br><br>
"It's difficult for the dollar to appreciate strongly and the downward pressure still persists
<br><br>
Crude oil higher
New York crude oil futures CLc1 were up 54 cents at $62.05 a barrel, while Brent crude L
<br><br>
Oil has tumbled more than 20 percent since early August, raising expectations that OPEC
<br><br>
"You have had a very big sell-off. Continued downside momentum would require a contin
<br><br>
"We think prices have got potential to stabilise and consolidate."
<br><br>
Base metals rose with low stocks and worries about supply disruptions in upcoming wage
<br><br>
But sentiment was undermined by worries that global economic growth could slow sharp
<br><br>
Copper MCU3 for three-month delivery was quoted up at $7,695 a tonne on the London M
<br><br>
"It looks a lot stronger today watching gold, oil and the dollar ... But we may get into this
<br><br><br>

KHALEEJ TIMES<br>
-- <br>
GLOBAL INFO TECH<br>
1361 Weak dollarwww.polymerbiz.com
spurs commodities
9/23/2006
higher
<font face="Verdana" size="2">Opec may link future price

1362 Opec could set price targets


9/25/2006

Page 68
News

Page 69
News

Page 70
News

<font face="Verdana" size="2">SEOUL <br>

<br>

1365 SOUTH KOREA TO POUR9/25/2006


$US1.4BLN INTO SEED INDUSTRY..
Page 71
News

<font face="Verdana" size="2">KUWAIT CITY<br>


</font></div>

</font></div>

1366 Oil price could slide to 40


9/25/2006
USD per barrel: OPEC..

Page 72
News

Despite lower income in the second quarter,

1367 The polymer producer has


10/2/2006
benefited from cost savin

Page 73
News

1368 Iran Says Backs Opec Push


10/2/2006
For "Acceptable" Oil ...
Iran has announced that it will support

1369 Iran wants oil price rise 10/2/2006

Page 74
News

Oil prices climbed above 63 dollars in

Page 75
1370 Oil prices above 63 dollars
10/2/2006
after Venezuela, ...
News

Iran's Deputy Oil Minister Mohammad

&nbsp;</div>

1371 Iran Cautions India And 10/2/2006


Pakistan About Reassigning
By Luke Hutson</span></font><p>&nbsp;</p>

1372 Explosion at Texan TDI plant


10/2/2006
leads to force majeur

Page 76
News

Page 77
News

Page 78
News

The ratings on SABIC

1375 Standard & Poor announced


10/2/2006
the upgrade of SABIC ...

Page 79
News

Page 80
News

Saudi Basic

&nbsp;<br>

1377 Sabic and ExxonMobil reach


10/2/2006
full settlement of ...
Rising raw material

1378 BASF hikes price of styrenic


10/2/2006
plastics
neos Group

1379 Ineos awarded Egyptian10/2/2006


license for PS production

Page 81
News

BASF

1380 BASF, Dow and Solvay in


10/2/2006
HPPO Technology partner...

Page 82
News

World's largest OCM

&nbsp;</font></font><p><font face="Verdana"><b>Iran</b></font></p>
1381 Iran holds world's largest
10/2/2006
N-gas to ethylene pilot

Page 83
News

Iran on Wednesday issued a

&nbsp;</font></font><p><font face="Verdana"><b>Iran</b></font></p>
1382 Iran gives new warning 10/2/2006
to Japan toPage
finalize
84 oil ..
News

1383 gears: European petrochemicals


10/2/2006sector.

Page 85
News

With the HPPO

1384 BASF, Dow Chemical, Solvay


10/2/2006
Break Ground On New ...

Page 86
News

Iran's

1385 Decline in OPEC Quota Denied


10/2/2006
Page 87
News

Reuters</p>

1386 Gulf is new home of petrochemicals


10/3/2006 industry

Page 88
News

Staff

Page 89
News

<font color="#000000">Bayer MaterialSciences Pvt

1388 Bayer to build Indian PU10/3/2006


unit

1389 Construction started on10/3/2006


China's largest PTA plant

1390 Measuring vapours to monitor


10/3/2006
resin cure

1391 Environmental equipment


10/3/2006
firm produces gas from raw cotton

1392 Chinese production plant


10/3/2006
for long fibre-reinforced thermoplastics

Page 90
News

1393 RIL to launch three fibres


10/3/2006
for the Indian market

1394 Micronized polytetrafluoroethylene


10/3/2006 plant for China
Toyo Engineering Corporation (TOYO) and Toyo Thai Corporation Ltd. (Toyo-Thai) have re

This is the "Global Toyo"(*) project which TOYO undertaking the offshore supply works an
<br><br>
(*)Global Toyo: The structure in which Toyo group companies operate harmoniously both

<br><br><br><br>

News Index TEC<br>


-- <br>
GLOBAL INFO TECH<br>
1395 TOYO and Toyo-Thai
www.polymerbiz.com
Jointly
10/7/2006
Awarded Large Ethylene Plant in Thailand

Page 91
News

Borouge and Borealis, providers of innovative plastics solutions, have


announced the establishment of a major innovation centre in the UAE. <br>
The centre represents a significant investment in Borouge's research
capabilities to meet customer needs in the Middle East and Asia Pacific
regions.
</div>
<p>The innovation centre, jointly developed by Borouge and Borealis, will
concentrate on developing practical solutions for plastic material
applications and be fully operational in 2009. <br>
It will be located in Abu Dhabi City and is expected to employ up to 45
technical staff in the initial phase. </p>
<p>As well as benefiting existing customers, the centre forms part of the
strategic expansion of both Borouge and Borealis across the region,
underlining their joint commitment to value creation through innovation. <br>
The innovation centre will also closely complement Borouge 2, the planned
multi-billion dollar expansion which will see annual production at Borouge's
manufacturing site in Ruwais, UAE triple to two million tonnes annually. </p>
<p>With the establishment of research capabilities of this kind, the centre
will make a strong contribution to the growth of downstream industries in Abu
Dhabi and the UAE. </p>
<p>The Abu Dhabi innovation centre will work with Borealis innovation centres
across Europe, which includes an international innovation centre in Linz
(Austria), a catalyst and process research innovation centre in Porvoo
(Finland) and a merged Innovation centre in Scandinavia. </p>
<p>Borouge and Borealis will continue to enhance their research projects
through partnerships with academic institutes of excellence. </p>
<p>Borealis' innovation centre in Linz will collaborate with JKU, the Wels
Advanced Technical College, the University of Leoben and polytechnic
institutes in Austria. </p>
<p>Now, a similar partnership between Borouge's innovation centre and the
Petroleum Institute of Abu Dhabi will be developed, supporting the creation of
a favourable environment for innovation in the Middle East and Asia. </p>
<p>Hubert Puchner, Chief Executive, Borouge, commented: &quot;Innovation is, and
will always be, at the heart of what Borouge stands for. By building on our
extensive expertise in plastics solutions, this world-class innovation centre
will further strengthen capabilities in the region and enhance our ability to
meet the increasingly sophisticated requirements of customers. This is all
part of our vision of 'Shaping the Future with Plastics'.&quot; </p>
<p>Harri Bucht, Chief Executive Officer, Abu Dhabi Polymers Company, (Borouge)
commented: &quot;This will ensure that Borouge continues to lead the plastics
industry in providing innovative solutions that make a real difference to
everyday life. The centre will add value to our customers and will also
support our increasing capacity to serve growing markets in the Middle East
and Asia.&quot; </p>
<p>John Taylor, Chief Executive Officer Borealis commented: &quot;This announcemen
is a key milestone in our common strategy to deliver innovative, value adding
plastic solutions to our customers internationally. The partnership with the
Petroleum Institute in Abu Dhabi will further demonstrate our commitment to
research and technology.&quot; </p>
<p><br>
-- </p>
<p>(AsiaPulse via COMTEX) -- <b>(C) 2006 Asia Pulse Pte Ltd </b></p>
<p><br>
GLOBAL INFO TECH<br>
1396 PLASTICS INNOVATION
www.polymerbiz.com</p>
CENTRE
10/7/2006SET TO OPEN IN UAE

Page 92
News

(</u></strong>Kyodo) - Mitsubishi
Engineering-Plastics Corp. said Tuesday it will establish a subsidiary in
China's Guangdong Province before the yearend to manufacture engineering
plastics compounds used in automobiles, beginning in February 2008. <br>
&nbsp;</font></div>
<div>
<font face="Times New Roman">The move is aimed at meeting the growing
demand for engineering plastics in Guangdong where many auto manufacturers
are concentrated, the company said. </font>
</div>
<p><font face="Times New Roman">The new company, whose name has not been
decided yet and is to be capitalized at 800 million yen, is scheduled to
have an annual production capacity of 13,500 tons, the Tokyo-based company
said. </font></p>
<p><font face="Times New Roman">Depending on future demand, Mitsubishi
Engineering-Plastics will consider boosting output capacity for engineering
plastics or starting to manufacture other types of plastic compounds at the
Guangdong company</font></p>
<p><font face="Times New Roman">(Kyodo via COMTEX) -- <b>2006 Kyodo News <
<br clear="all">
<br>
<br>
GLOBAL INFO TECH<br>
1397 Mitsubishi Engineering-Plastics
10/7/2006
www.polymerbiz.com to begin production in China
Last week, Ethylene Plant of "Nizhnekamskneftekhim" INC completed its turnaround with
<br><br>
In particular, a propylene column and depropanizer were retrofitted in Compressing & Ga
<br><br>
The other day, the Plant began dismantling two naphtha-cracking heaters to be replaced
<br><br>
<br>
Source: Plastinfo.ru
<br><br><br>

GLOBAL INFO TECH<br>


www.polymerbiz.com
1398 Ethylene Plant expansion
10/7/2006
program progressing

Page 93
News

In view of pressures from energy-hungry India and Pakistan on

<br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1399 Fixed Gas Prices
www.polymerbiz.com
Meaningless
10/7/2006

Page 94
News

Iran, the second-biggest oil producer in the Organisation of

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br> Page 95

<br><br><br>
News

Jordan plans to resume importing cheap oil from Iraq, the Jordanian prime minister anno
<br><br>
Jordan is one of a few Arab countries that does not have significant oil reserves.
<br><br>
It hiked fuel prices three times in the past year the last time in April, almost doubling fue
<br><br>
Prime Minister Marouf Al Bakhit said the oil would be bought at 'international market pric
<br><br>
Al Bakhit announced additional details of the deal that was first revealed in August in Ba
<br><br>
At a later stage, Jordan will increase the figure to 30,000 bpd and that amount could be d
<br><br>
Before the 2003 US-led invasion of Iraq, Jordan received all of its oil from its neighbour a
<br><br>
Iraq will give Jordan a discount because of their close ties and its history of providing its
<br><br>
Al Bakhit said the oil would come from the northern Iraqi refinery of Kirkuk and that it wi

Iraq's September exports steady at 1.64m bpd


<br>
Iraq exported 1.64 million barrels per day of crude in September, unchanged from Augus
<br><br>
Iraq shipped most of the oil from the country's main southern export terminal in Basra.
<br><br>
It also sold a total of 1.6 million barrels that it pumped through the vulnerable northern p
<br><br>
Kirkuk oil from Iraq's northern fields, in storage at the Turkish terminal of Ceyhan, stood
<br><br>
<br>
ITC NEWS RESOURCES
<br><br><br>

GLOBAL INFO TECH<br>


1401 Jordan to resume importing
www.polymerbiz.com
10/7/2006
cheap oil from Iraq
The Yokohama Rubber Company has announced plans to establish a subsidiary in India.
<br><br>
Due to open in New Delhi, January 2007, Yokohama India will start operating as a sales a
<br><br>
In its statement, Yokohama said the new subsidiary signifies the company's determinatio
<br><br>
The Indian subsidiary forms part of Yokohama's strategy for strengthening its presence i
<br><br><br>
PRW News resource
<br><br><br>
GLOBAL INFO TECH<br>
1402 Yokohama to www.polymerbiz.com
form subsidiary
10/8/2006
in New Delhi

Page 96
News

European Plastics Converters, the pan-European industry organisation, has welcomed th


<br><br>
EuPC managing director Alexandre Dangis said: "A lot of damage has been done to this i
<br> <br>
The EU plastic bag industry is highly competitive, according to EuPC. It said the price diff
<br><br>
The EU industry employs more than 50,000 workers at companies using efficient, state-o
<br><br>
Dangis said: "The correction of enormous market distortions caused by dumped imports
<br><br><br>

<br>
-- <br>
GLOBAL INFO TECH<br>
1403 EuPC welcomes plastic bag
10/8/2006
duties
www.polymerbiz.com
New Delhi, Oct 5: India has sought 10 million tonnes of liquefied natural gas (LNG) from
<br><br>
"We have asked Qatar for supply of an additional 10 million tonnes of LNG annually from
<br><br>
The minister said the 25-year deal for supply of 2.5 million tonnes of LNG from 2009 has
<br><br>
Qatar's RasGas is currently supplying 5.0 million tonnes of LNG to Petronet LNG's Dahej
<br><br>
The additional 10 million LNG is being sought for the Dahej terminal that is being expand
<br><br>
"We have also sought Qatari investment in India and urged the Qatar Investment Agency
<br><br>
India has offered Qatar up to 12.5 percent equity stake in Petronet LNG. The minister sai
<br><br>
"We have asked Qatar for supply of an additional 10 million tonnes of LNG annually from
<br><br>
The minister said the 25-year deal for supply of 2.5 million tonnes of LNG from 2009 has
<br><br>
Qatar's RasGas is currently supplying 5.0 million tonnes of LNG to Petronet LNG's Dahej
<br><br>
The additional 10 million LNG is being sought for the Dahej terminal that is being expand
<br><br>
"We have also sought Qatari investment in India and urged the Qatar Investment Agency
<br><br>
India has offered Qatar up to 12.5 percent equity stake in Petronet LNG. The minister sai
<br><br>
"We have also sought Qatari investment in India and urged the Qatar Investment Agency
<br><br>
India has offered Qatar up to 12.5 percent equity stake in Petronet LNG. The minister sai
<br><br>
India has offered Qatar up to 12.5 percent equity stake in Petronet LNG. The minister sai
<br><br><br>
newkerala.com
<br><br><br>
GLOBAL INFO TECH<br>
1404 India seeks www.polymerbiz.com
more gas from
10/9/2006
QatarIndia seeks more gas from Qatar

Page 97
News

BEIJING China has started filling the tanks of a strategic oil reserve meant to insulate the
<br>
The tanks in Zhenhai, a city in the coastal province of Zhejiang, south of Shanghai, are b
<br><br>
Xu didn't say how much oil had been pumped into the tanks or when the process was to
<br><br>
"All of the construction work (in Zhenhai) has been completed," Xu told Dow Jones News
<br><br>
The Zhenhai facility, with 16 massive oil tanks, is one of four planned sites for petroleum
<br><br>
Previous reports said Beijing plans to stockpile up to 100 million barrels of petroleum, or
<br><br>
The United States operates a similar reserve.
<br><br>
China supplied its own oil for decades from domestic oil fields, but became a net importe
<br><br>
Xu's agency was created this year to coordinate energy policy and supervise state-owne
<br><br>
The tanks in Zhenhai, a city in the coastal province of Zhejiang, south of Shanghai, are b
<br><br>
Xu didn't say how much oil had been pumped into the tanks or when the process was to
<br><br>
"All of the construction work (in Zhenhai) has been completed," Xu told Dow Jones News
<br><br>
The Zhenhai facility, with 16 massive oil tanks, is one of four planned sites for petroleum
<br><br>
Previous reports said Beijing plans to stockpile up to 100 million barrels of petroleum, or
<br><br>
The United States operates a similar reserve.
<br><br>
China supplied its own oil for decades from domestic oil fields, but became a net importe
<br><br>
Xu's agency was created this year to coordinate energy policy and supervise state-owne
<br><br>
- I bet this will make the oil price higher since China will have to import the short fall of t
<br><br><br>
Peakoil.com
<br><br><br>
GLOBAL INFO TECH<br>
1405 Official: China
www.polymerbiz.com
starts filling
10/9/2006
strategic oil reserveOfficial: China starts filling strategic oil reserve

Page 98
News

<br><br>
Designated to handle gas purchase and marketing, GAIL had early last month bid for gas
<br><br>
While India, China and Thailand had put in bids for gas supply at their respective borders
<br><br>
"Though the bids have been opened, not much is known about the outcome. The Myanm
<br><br>
"Besides the price factor, political and strategic reasons are expected to influence the fin
<br><br>
The option of gas producing countries negotiating for better price despite having floated
<br><br>
India's offer is for off-taking all the gas available from the two blocks in addition to its 30
<br><br>
Till the entry of China and South Korea, India's chances of getting all the gas from the tw
<br><br>
The 1,550 km pipeline project, which passes through Mizoram, may not be feasible unles
<br><br>
In the case of China, Myanmar has agreed to supply gas at its border once the deal has b
<br><br>
Thailand has for long been Myanmar's single largest gas buyer, importing around $1 billi
<br><br>
Facing increasing shortfall of gas supplies within the country, India has mounted several
<br><br>
Designated to handle gas purchase and marketing, GAIL had early last month bid for gas

While India, China and Thailand had put in bids for gas supply at their respective borders
<br><br>
"Though the bids have been opened, not much is known about the outcome. The Myanm
<br><br>
"Besides the price factor, political and strategic reasons are expected to influence the fin
<br><br>
The option of gas producing countries negotiating for better price despite having floated
<br><br>
India's offer is for off-taking all the gas available from the two blocks in addition to its 30
<br><br>
Till the entry of China and South Korea, India's chances of getting all the gas from the tw
<br><br>
The 1,550 km pipeline project, which passes through Mizoram, may not be feasible unles
<br><br>
In the case of China, Myanmar has agreed to supply gas at its border once the deal has b
<br><br>
Thailand has for long been Myanmar's single largest gas buyer, importing around $1 billi
<br><br>
Facing increasing shortfall of gas supplies within the country, India has mounted several
<br><br>
Designated to handle gas purchase and marketing, GAIL had early last month bid for gas
<br><br>
While India, China and Thailand had put in bids for gas supply at their respective borders
<br><br>
"Though the bids have been opened, not much is known about the outcome. The Myanm
<br><br>
"Besides the price factor, political and strategic reasons are expected to influence the fin
<br><br>
The option of gas producing countries negotiating for better price despite having floated
<br><br>
India's offer is for off-taking all the gas available from the two blocks in addition to its 30
<br><br>
Till the entry of China and South Korea, India's chances of getting all the gas from the tw
<br><br> Page 99
The 1,550 km pipeline project, which passes through Mizoram, may not be feasible unles
<br><br>
News

Iranian Oil Minister Kazem Vaziri-Hamaneh said he hoped the Opec basket oil price would
<br><br>
The Opec basket price was $54.19 a barrel on Tuesday, the Organisation of Petroleum Ex

"Vaziri-Hamaneh expressed hope that the Opec basket oil price reaches $60 or more in t
<br><br>
Oil prices have tumbled from a mid-July peak of almost $80 a barrel. Opec President Edm
<br><br>
It seemed the political causes that created oil price fluctuations had been lifted and ther
<br><br><br>

<br>
GLOBAL INFO TECH<br>
1407 Iran hopes to
www.polymerbiz.com
see Opec 10/9/2006
basket back at $60
Oman's exports of oil declined by 6.2 per cent to 141.7 million barrels (mb) in the first se
<br><br><br>

Production of crude oil and condensates totalled 158.4 mb, compared with 164.2 mb, do
<br><br><br>

The average daily output was 747,200 barrels, against 774,500 barrels, constituting a fa

<br><br><br>
China topped the countries buying oil from the Sultanate. Its imports totalled 50.4 mb. T

<br><br><br>
Production and consumption of natural gas rose by 27.9 per cent to 595 million cubic fee
<br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1408 Oman's oil exports
www.polymerbiz.com
decline
10/9/2006
by 6.2 per cent to 141.7mb
The Gas Exporting Countries Forum (GECF) will hold its sixth ministerial meeting in Dece
<br><br>
GECF was due to hold its sixth ministerial meeting in Qatar subsequent to the OPEC 142n
<br><br>
"GECF has postponed its meeting at a proposal made by Qatar's energy minister," the he
<br><br>
GECF members have announced that the forum does not intend to have a structure like
<br><br>
GECF is an informally structured group of some of the world's leading gas producers aim

<br><br><br>

GLOBAL INFO TECH<br>


1409 GECF to hold
www.polymerbiz.com
sixth ministerial
10/9/2006
meeting in Dec.

Page 100
News

Tehran: Iranian Oil Minister Kazem Vaziri-Hamaneh said OPEC will cut its production ceili

He did not give any details about the reduction but a statement by the official IRNA news
<br><br>
OPEC President Edmund Daukoru has said he hoped to secure a supply cut deal by Mond
<br><br><br><br>

Tehran: Iranian Oil Minister Kazem Vaziri-Hamaneh said OPEC will cut its production ceili
<br><br>
He did not give any details about the reduction but a statement by the official IRNA news
<br><br>
OPEC President Edmund Daukoru has said he hoped to secure a supply cut deal by Mond
<br><br><br>
Gulf News<br><br><br>

GLOBAL INFO TECH<br>


1410 Iran says OPEC would cut production
###
www.polymerbiz.com ceiling
MOSCOW, October 9 (RIA Novosti) - Russia will increase annual exports of natural gas by

"By 2015, Russia's gas exports will grow 52% to 257 bln cu m," Viktor Khristenko said du
<br><br>
Khristenko said that by that time the structure of Russian gas exports will change, and th

The minister also said Russia's annual oil production could increase from 472 million ton

"Oil output growth will be ensured by the development of deposits in East Siberia and th

Khristenko also said Russia will increase exports of Urals crude from 253 mln tons (1.86

The Industry and Energy Ministry said on October 3 that Russia is planning to produce 12
<br><br>
According to en.rian.ru
<br> <br><br>
GLOBAL INFO TECH<br>
1411 Russia's gaswww.polymerbiz.com
exports to grow ###
52% by 2015 - energy minister

Page 101
News

Tehran: Iranian Oil Minister Kazem Vaziri-Hamaneh said OPEC will cut its production ceili
<br><br>
He did not give any details about the reduction but a statement by the official IRNA news
<br><br>
OPEC President Edmund Daukoru has said he hoped to secure a supply cut deal by Mond
<br><br>
<br>

Tehran: Iranian Oil Minister Kazem Vaziri-Hamaneh said OPEC will cut its production ceili
<br><br>
He did not give any details about the reduction but a statement by the official IRNA news
<br><br>
OPEC President Edmund Daukoru has said he hoped to secure a supply cut deal by Mond
<br><br>
<br>

Gulf News<br>
<br><br>
GLOBAL INFO TECH<br>
1412 Iran says OPEC
www.polymerbiz.com
would cut production
### ceiling

Page 102
News

Dubai: Iran yesterday strongly denied reports that it will start supplying gas to the UAE b
<br><br>
"There has been no agreement regarding gas export to the UAE, and the Iranian side sta
<br><br>
Iranian Oil Minister Kazem Vaziri Hamaneh said yesterday that no new decision has been
<br><br>
He hoped that the negotiations currently underway will help revise the price of export ga
<br><br>
The Iranian gas will become vital in meeting the UAE's growing energy needs when a nu
<br><br>
Options open
<br>
"We are keeping our options open, be it Crescent or any of the companies from other em

"We have already built more than 85 per cent of the 270 km pipeline at a cost of $600 m
<br><br>
He said that the results of earlier negotiations on increasing the price did not mean that
<br><br>
The Iranian Student News Agency (ISNA), said on Saturday that the Iran-UAE gas contrac
<br><br>
Dubai: Iran yesterday strongly denied reports that it will start supplying gas to the UAE b
<br><br>
"There has been no agreement regarding gas export to the UAE, and the Iranian side sta
<br><br>
Iranian Oil Minister Kazem Vaziri Hamaneh said yesterday that no new decision has been

He hoped that the negotiations currently underway will help revise the price of export ga

The Iranian gas will become vital in meeting the UAE's growing energy needs when a nu
<br><br>
Options open
<br>
"We are keeping our options open, be it Crescent or any of the companies from other em
<br><br>
"We have already built more than 85 per cent of the 270 km pipeline at a cost of $600 m
<br><br>
He said that the results of earlier negotiations on increasing the price did not mean that
<br><br>
The Iranian Student News Agency (ISNA), said on Saturday that the Iran-UAE gas contrac
<br><br><br>
Gulf News
<br><br><br>

GLOBAL INFO TECH<br>


1413 Iran denies www.polymerbiz.com
agreement on gas
###
supply to UAE

Page 103
News

Oil prices recovered to levels above US$60 in Asian trade on news of OPEC calling for a p
OPEC, the 11-member oil cartel has maintained an output quota of 28 mln bpd since Jun
<br><br>
GE Plastics plans to invest 62 million Euro in a new production capacity for its line of xtr
<br><br>
South Korea's SK Corp. will shut down a 620,000 tpa naphtha cracker for about a week t
The unscheduled shutdown has forced SK Energy Asia, a trading arm of SK Corp. to sell D
<br><br><br>

Plastmart.com<br><br><br>

GLOBAL INFO TECH<br>


1414 Oil prices rebound on news of###
www.polymerbiz.com possible cut by OPEC
German Biotechnology company BRAIN AG and Degussa AG, a world leader
in specialty chemicals, successfully completed a collaborative research
and development project in the area of white biotechnology. Aim of this
cooperation was the supply of novel microorganisms for the production
of novel "biological plastics" starting from sugar beets, sugar cane
and other renewable primary products.

<br><br><br>
Omnexus
<br><br><br>
GLOBAL INFO TECH<br>
1415 NOVEL BIO-PLASTICS
www.polymerbiz.com
FROM SUGAR
### BEETS & CO.:TECHNOLOGY LEADER BRAIN SUPPLIES DEGUSSA W
Basell's Alastian no-frills web-based polyolefins purchasing service is now being taken in
Using the Russian language version of the Alastian web site, resin buyers in the country

"Alastian will offer PE and PP resin users in Russia the efficiency and savings of doing bu
<br><br>
"Just a couple of weeks after the Russian launch, we will be open for business in Poland t
<br><br>
Customers in both markets will be supplied with many of their materials from the plants
<br><br><br>

PRW.com <br><br><br>
-- <br>
GLOBAL INFO TECH<br>
1416 Polish joint www.polymerbiz.com
venture plant has###
key supply role.
Arkema is to double its capacity for the manufacture of high performance polyamide pol
The expansion is targeted at meeting customer demand for the material from the fuel lin
<br><br>
The French company began production of its Rilsan polyamide at the Changshu site last
<br><br><br>
PRW.com <br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1417 Arkema scales
www.polymerbiz.com
up in China ###

Page 104
News

US bioplastics company Cereplast has added a further 10,000sqft (8500sqm) of manufac

The company, which claims to manufacture 100% bio-sourced plastics from a combinatio
<br><br>
When operational, the new line will make the company the second largest US producer o
<br><br>
"This expansion allows us to continue to meet the growing demands from our new custo
<br><br>
Interest in bioplastics in the US marketplace is growing fast. US research group Freedoni
<br><br><br>

.<br>

.<br>

-- <br>
GLOBAL INFO TECH<br>
1418 Cereplast expands bioplastics###
www.polymerbiz.com capacity; the second largest US bioplastics producer.
Oil prices held steady as traders kept a lookout for fresh signals of an output cut from OP
After peaking at US$78.40 in mid-July, oil prices have been steadily dipping due to rising

<br><br><br>

Makkah Petrochemical to offer 30% shares as IPO in Q1-07 (10-10-2006)


<br><br><br>

The Makkah Petrochemical Industries Co which is currently under construction, plans to


<br><br><br>
Makkah petrochemical is allied with the Energy Allied International, one of the leading US
<br><br><br>

Borouge to study petrochem expansion at Ruwais (10-10-2006)

<br><br><br>
Borouge has announced the launch of a study to examine the feasibility of a major new
Once fully operational, the expanded Ruwais petrochemical complex will be the largest p

Oil prices held steady as traders kept a lookout for fresh signals of an output cut from OP
After peaking at US$78.40 in mid-July, oil prices have been steadily dipping due to rising

<br><br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1419 Oil prices hold
www.polymerbiz.com
steady as the ###
market watches OPEC

Page 105
News

KUALA LUMPUR: Mentakab Rubber Company (Malaya) Bhd would invest about RM30mil t
<br><br>
"I believe the quick way to increase land bank is via acquisitions of existing plantations,
<br><br>
Sabri said Mentakab Rubber is currently cash rich with over RM20mil. <br><br>

"However, we plan to finance future acquisitions using both internally generated fund an
<br><br>
He said Mentakab's performance for the current financial year ending June 30, 2007 is ex

"For the final quarter of this year, we expect the price of CPO to strengthen at RM1,550 p
<br><br>
"It is set to be traded at least RM1,700 per tonne next year given the growing usage of t

<br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1420 Mentakab Rubber
www.polymerbiz.com
Company to### invest RM30mil to increase land bank
The local smoked-rubber maker and exporter Sri Trang Agro-Industry Plc, says it expects
<br><br>
''We did quite well in the first half and we expect a net profit of 500 million baht this yea
<br><br>
Sri Trang Agro reported a first-half net profit of 473 million baht, almost triple that of the
<br><br>
About 70% of the company's revenue comes from RSS3 smoked-rubber sheet, used mos

High crude-oil prices and strong demand from China, the world's biggest rubber consum
<br><br>
''Prices have been fluctuating due to oil prices and rains, so we cannot forecast confiden
<br><br>
Rubber prices rose strongly in the second quarter because unusually wet weather disrup
<br><br>
This was also supported by high oil prices as more expensive oil usually drives a shift to
<br><br>
He said he expected prices to rise again later this year as more rains were expected to h
<br><br>
Due to the bullish outlook, shares of Sri Trang (STA) have risen 36% this year while the m
<br><br>
Sri Trang has an annual capacity of 156,000 tonnes of RSS3 in Thailand and competes w
<br><br>
Mr Kitichai said the company's 80% -owned new rubber plant in Indonesia, with a month
<br><br>
The company planned to issue one-billion-baht worth of bonds in the first quarter of 200
<br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1421 Rubber firmwww.polymerbiz.com
bounces back as###
prices rise STA has H1 profit of 473 million baht

Page 106
News

ETHyundai Engineering Plastics Co., Ltd. announced that it has decided to establish an o
<br><br><br>
GLOBAL INFO TECH<br>
1422 Hyundai Engineering Plastics###
www.polymerbiz.com Co., Ltd. Plans to Establish Overseas Subsidiary in China
DuPont, in partnership with Zhangjiagang Glory Chemical Industry Co., Ltd. (Glory) plans
Located in the Jiangsu Province in China, Glory was formed earlier this year to exclusivel
<br><br><br>

GLOBAL INFO TECH<br>


www.polymerbiz.com
1423 DuPont to produce bio based###
polymer in Asia (12-10-2006)
Oman Oil Company (OOC) has acquired a 49 per cent stake in Orient Power Company (O
<br><br>
The shareholders' agreement was signed by Mulham Al Jarf, deputy chief executive offic
<br><br>
"This project represents a ground-breaking investment by OOC in Pakistan, especially wh
<br><br>
Fifty-one per cent stake of OPC is held by Pakistan-based National Group of Industries an
<br><br>
"We are delighted to have Oman Oil Company join us as a shareholder in Orient Power a
<br><br>
"Our shared vision in terms of long-term commitment to the region for infrastructure dev
<br><br>
The power project will be set up in two phases, each with a generating capacity of 225 M
<br><br>
The plant is scheduled to be completed in two years and is expected to be operational in

BP may have withheld information about troubled Alaska oilfield


<br><br>
BP faced fresh questions about its conduct in the United States after a powerful US Cong
<br><br>
Leaders of the House Energy and Commerce Committee said in a letter sent on Tuesday
<br><br>
The 2001 state order obliged BP to make an accurate determination of the amount of po
<br><br>
"The (2001) order is signed by a BP employee named Jack M. Fritts who is identified as th
<br><br>
"Who did Mr Fritts report to and is that person still employed by BP?" asked Representat

Corrosion within a pipe-line on the western side of the Prudhoe Bay oilfield led to a spill o
<br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1424 Oman Oil buys stake in Pakistan's
www.polymerbiz.com### Orient Power

Page 107
News

BEIJING, (CEIS) – One of PetroChina (NYSE: PTR)'s construction subsidiary has started gr
<br><br>
Dushanzi petrochemical complex, including a 10 million tons/year refining project and a
<br><br>
Construction of the project is scheduled for full completion by September 2008.
<br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1425 PetroChina's Dushanzi ethylene
www.polymerbiz.com ###complex project kicked off
Bahrain's export of oil by-products rose by 3.8% to top 7.87m metric tonnes for the last n
<br><br><br>
-- <br>
GLOBAL INFO TECH<br>
1426 Bahrain's export
www.polymerbiz.com
of oil by-products
### rose by 3.8%
Saudi Arabia: Saudi Aramco will keep crude supplies to Asian customers steady in Novem

-- <br>
GLOBAL INFO TECH<br>
1427 Saudi spares Asia from cuts ###
www.polymerbiz.com
Japan's Mitsui Chemicals has launched Mitsui Chemicals Singapore Technical Centre- its
<br><br>
Mitsui aims to be the first in the world to produce aromatics, like benzene, from natural g

<br><br><br>--
<br>GLOBAL INFO TECH<br>
www.polymerbiz.com
1428 Mitsui Chemicals launches first
###overseas R&D centre
Oil prices sank to their lowest level in eight months as doubts flooded the market about
The 1 million bpd cut sought by some OPEC members is unlikely to be implemented as it
<br><br><br>
-- <br>
GLOBAL INFO TECH<br>
1429 Oil prices sank
www.polymerbiz.com
to their lowest###
level in eight months
Venezuelan Oil Minister Rafael Ramirez said on Friday that Opec had reached a consensu

Venezuela is a traditional price hawk and sees markets oversupplied by about 500,000 b
<br><br>
"There is a proposal for an output cut of 1 million barrels per day. And now they are reac
<br><br>
He said the cut would be effective from December 1.
<br><br><br>
<br>

GLOBAL INFO TECH<br>


1430 Opec says planned
www.polymerbiz.com
output cut
###
temporary

Page 108
News

Japan's September naphtha imports for ethylene production dropped 14.1% from August
<br><br>
Friday.
<br><br>
The fall is in line with the 10.1% on-month drop in Japan's September ethylene productio
<br><br>
The value of last month's naphtha imports slipped 0.8% to $646.30/ton, reflecting weak

Naphtha is used as a feedstock in the production of ethylene, a base chemical. In turn, e


<br><br>
Source: Nikkei English News
<br><br>
Friday.
<br><br>
The fall is in line with the 10.1% on-month drop in Japan's September ethylene productio
<br><br>
The value of last month's naphtha imports slipped 0.8% to $646.30/ton, reflecting weak
<br><br>
Naphtha is used as a feedstock in the production of ethylene, a base chemical. In turn, e
<br><br><br>
Source: Nikkei English News
<br><br><br>
-- <br>
GLOBAL INFO TECH<br>
1431 Japan Sep Naphtha
www.polymerbiz.com
imports for
###ethylene down 14 percent on month
Market research company Applied Market Information LLC announced yesterday (Octobe

Focusing on design, materials, extrusion technology and applications of plastics in buildi

Plastics materials are used extensively in building profiles, such as window and door fram
<br><br><br>
(CYL)

<br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1432 International conference focuses
www.polymerbiz.com ###on applications of plastics in building profiles
For the first time, Iran attained the technical know-how to produce crystal polypropylene
<br><br>
The company started research on the production of crystal polypropylene in 2005, and it

He added that the company has started the laboratory production of crystal polypropyle
<br><br>
He also said that domestic industries' need for crystal polypropylene currently stands at
<br><br>
Giant companies such as Korean LG presently manufacture crystal polypropylene in the
-- <br>
GLOBAL INFO TECH<br>
1433 Iran attainswww.polymerbiz.com
technical know-how
###to produce crystal polypropylene

Page 109
News

Honeywell Resins & Chemicals today announced that it will expand production of caprola
<br>
<br>
The expansion, combined with ongoing production improvements, is expected to boost c

<br>
<br>

"As global demand for caprolactam rises, especially in China, we are making the investm

<br>
<br>
Bhatia said the expansion will include new production equipment at the Hopewell facility

<br>
<br>
Celebrating 50 years of caprolactam production in 2005, the Hopewell facility is the worl

<br>
<br>
Honeywell Resins & Chemicals, a $1.1 billion unit of Honeywell Specialty Materials, was f

<br>
<br>
In addition to caprolactam and ammonium sulfate, Resins & Chemicals produces nylon re

<br>
<br>
Honeywell Specialty Materials, based in Morristown, N.J., is a $4.5 billion, global leader in

<br>
<br>

<br>
--
<br>
GLOBAL INFO TECH
<br>
1434 Honeywell Resins & Chemicals
www.polymerbiz.com###
Announces Expansion of Caprolactam Production
Clariant's production for ethylene oxide (EO) and ethylene glycol (EG) at its Gendorf site
<br><br>
The 170,000 tonne/y EO and 140,000 tonne/y EG facilities will be closed for four days du
<br><br><br>
Source: Chemical Business Newsbase <br><br><br>

<br><br>

-- <br>
GLOBAL INFO TECH<br>
1435 Germany - Clariant
www.polymerbiz.com
declares EO/EG
### force majeure

Page 110
News

Teknor Apex is investing in its thermoplastic elastomer sales and support activities in Eu
The US-headquartered company acquired the UK-based engineering plastics compounde
<br><br>
In the interim period, a small TPE compounding facility will be installed at the Oldbury pl

Teknor Apex TPEs are currently supplied into Europe mainly from the company's facilitie
<br><br>
Earlier this year, Chem Polymer appointed Nick Sandland as TPE Market Manager for Eur
<br><br>
The company is exhibiting at the Fakuma exhibition in Germany this week and sees Germ
<br><br>
Sandland said that Teknor Apex is looking to "significantly grow" its European sales of TP
<br><br><br>

GLOBAL INFO TECH<br>


1436 Teknor Apex
www.polymerbiz.com
to invest in Europe
###
The Organisation of Petroleum Exporting Countries yesterday cut its forecast for demand
<br><br>
Demand for Opec crude, known as the call on Opec, in the fourth quarter will average 28
<br><br>
Opec is set to meet on Thursday in Qatar to work out details of a 1-million-barrels-a-day
<br><br>
"Uncertainties about global economic prospects particularly in the US, slowing demand g
"This has led to some concern that the downward momentum might persist, causing pric
<br><br>
Opec oil ministers have been debating whether to cut supply from actual production or f
<br><br>
The 10 members bound by quotas, all except Iraq, pumped 27.6 million bpd in Septembe
<br><br>
A cut from quotas would spare members such as Venezuela, Iran and Indonesia from low
<br><br>
Opec, source of more than a third of the world's oil, left its outlook for growth in global o
<br><br>
The International Energy Agency, an adviser to 26 industrialised nations, last week trimm
<br><br><br>

-- <br>
GLOBAL INFO TECH<br>
1437 Opec forecasts
www.polymerbiz.com
lower oil demand
###in fourth quarter
Nizhnekamsk Refinery has granted Foster Wheeler a contract to provide front-end engin
<br><br>
Included in the complex are a refinery with a 7 M tonne/y capacity and a number of petro
<br><br><br>
Source: Chemical week <br><br><br>

--
<br>GLOBAL INFO TECH<br>
1438 Foster Wheeler
www.polymerbiz.com
lands design ###
contract in Russia

Page 111
News

than 30,000 visitors are expected to attend the Abu Dhabi International Petroleum Exhib

The conference is being held from November 5-8 under the patronage of President His H
<br><br>
Now in its 12th year, this year's Adipec is set to be the biggest so far. Over 1,000 leading
<br><br>
On the sidelines of the exhibition, a series of conferences are also based around the them
<br><br>
The conferences are expected to feature presentations from industry experts, covering a
<br><br>
Adipec 2006 sponsors include some of the biggest names in oil and gas, such as ExxonM
<br><br>
They will be joined by local companies including Adnoc and its group of companies.
<br><br><br>
United Arab Emirates<br><br><br>

--<br>
GlobalInfo-Tech<br>
1439 30,000 visitors expected at Adipec
### 2006
www.polymerbiz.com
Lotte Daesan Petrochemical Corp., South Korea's fifth-largest ethylene maker, bought a
<br><br>
The 25,000 metric ton cargo of so-called open specification naphtha, to be delivered to D

The naphtha was bought cost-and freight, requiring the seller to pay for the shipping cos
<br><br>
Naphtha prices in Japan closed at $540.50 a ton yesterday, according to data compiled b
<br><br>
Lotte Daesan previously bought full-range naphtha at a discount of about $11 a metric to

The Seoul-based company, a unit of South Korea's Honam Petrochemical Corp., operates
<br><br>
Open specification, a grade of naphtha suited to chemical production, is used as a bench

1440 South KoreaSource:


- Lotte Bloomberg
Daesan buys
###
<br>
naphtha at discount for November
Indian Petrochemicals Corporation (IPCL) announced its second quarter results. Previous
<br><br>
Net sales for the merged entity rose 17.7% to Rs 3048 crore, while operating profit rose
<br><br>
The company posted a 9.35% jump in net profit led by Rs 118 crore other income, which
<br><br>
Floods in Gujarat impacted Ethylene production and increased raw material cost as impo

Source: Moneycontrol
1441 Indian Petrochemical
<br> Corporation
### posts 9.35% jump in net profit

Page 112
News

Mitsubishi Chemical Holdings Corp., Japan's largest petrochemical maker, plans to shut a
<br><br>
The cracker, with a capacity to make 450,000 metric tons of ethylene a year, is schedule
<br><br>
The cracker is in the Mizushima petrochemical complex in the western Japan prefecture

The Tokyo-based company operates two other crackers in Kashima, north of Tokyo, with
<br><br>
Ethylene, made from petroleum products including naphtha and liquefied petroleum gas
<br><br>
Japan, Asia-Pacific's largest ethylene maker after China, can produce 7.9 million tons of e
<br><br><br>
1442 Mitsubishi Chemical to shut cracker
Source: Bloomberg ### for maintenance in May 2007
Lotte Daesan Petrochemical Corp., South Korea's fifth-largest ethylene maker, bought a
<br><br>
The 25,000 metric ton cargo of so-called open specification naphtha, to be delivered to D
<br><br>
The naphtha was bought cost-and freight, requiring the seller to pay for the shipping cos
<br><br>
Naphtha prices in Japan closed at $540.50 a ton yesterday, according to data compiled b
<br><br>
Lotte Daesan previously bought full-range naphtha at a discount of about $11 a metric to
<br><br>
The Seoul-based company, a unit of South Korea's Honam Petrochemical Corp., operates
<br><br>
Open specification, a grade of naphtha suited to chemical production, is used as a bench

Source: Bloomberg
1443 South Korea - Lotte Daesan buys
###naphtha at discount for November
Ube, a caprolactam manufacturer, has temporarily closed a 45,000 tonne/y line at its cap
<br><br>
The facility has two lines with a combined capacity of 90,000 tonnes/y. The outage is exp

Source: Financial Times Information Limited


1444 Japan - Capro maintenance adds
###to supply strain.
SK Corp., Asia's fourth largest refiner, plans to restart a cracker that makes ethylene from
<br><br>
The cracker was shut on Oct. 12 for repairs, said the official who didn't want to be identif

The cracker, able to produce 650,000 metric tons of ethylene from naphtha a year, unde
<br><br>
SK operates a second cracker, capable of producing 190,000 tons of ethylene a year, at

Ethylene, made from petroleum products including liquefied petroleum gas and naphtha
<br>
South Korea, Asia Pacific's largest ethylene maker after China and Japan, can make 6 mi
<br><br>
1445 SK Corp. to Source:
restart ethylene
Bloombergplant
### on October 19 after repairs

Page 113
News

Rosneft, Russia's second-largest oil producer, and China National Petroleum Corporation

"The new joint venture company was established primarily to conduct exploration work i

Sergei Bogdanchikov, CEO of state-controlled Rosneft, and Chen Geng, chairman of CNP
<br><br>
The new joint venture will be called Vostok Energy. Three of the company's five directors
<br><br>
1446 Russian, Chinese
CNPC bought
oil groups
500create
###
million
joint
dollars
venture
worth of shares in Rosneft when the Russian company c
Iran's governor to the Organization of Petroleum Exporting Countries (OPEC), Hossein Ka
According to a report by the Oil Ministry, he cited cold weather as one of the factors dete
"This (shift) would make refineries modify some of the fuels they consume and suspend
He further stated that studies on economic condition in some counties have shown slow
He further described the political issues and developments as the other factors clouding
Activation of some goods and stock exchange bourses, which led to the exit of some idle
The OPEC quenched the markets with over-excessive oil supply for a long time, he recall
1447 High Crude Prices Unavoidable ###
Qatar Petroleum (QP) and ExxonMobil Chemical Qatar have signed a heads of agreemen

Abdullah Bin Hamad Al Attiyah, Second Deputy Premier and Minister of Energy and Indus
<br><br>
The proposed petrochemical complex includes a 1.3 million tonnes per annum steam cra

The complex, to be located in Ras Laffan industrial City, will employ ExxonMobil's proprie
<br><br>
"Qatar has embarked on ambitious programmes to utilise and develop its hydrocarbon re
<br><br>
The project will create a very strong position for Qatar to become one of the world's lead
<br><br>
1448 Qatar Petroleum
The complex
signs deal
willwith
produce
###ExxonMobil
1.3 million tonnes annually of ethylene, 570,000 of LDPE, 420,

Page 114
News

Kazakhstan and the European Union plan to sign a memorandum of intent in the sphere
The two parties are planning to sign a partnership agreement on energy supplies. <br><

The agreement will provide the EU with continued access to Kazakh oil resources. <br><

Alfa-bank analyst Konstantin Batunin said that Astana is very ambitious right now. <br>

Kazakhstan extracted 60 million metric tons of oil in 2005 and wants to increase this num

However, the country is unable to supply more oil to the EU without agreements with Ru

Kazakh oil has three routes, two of which are functioning through Caspian pipeline and D

Supplies through KTK already exceed capacity of the first strand - 28 million metric tons

The EU offered to expand KTK to 67 million tons. However, Russia set such a high transp

The main incentive for Kazakhstan is the EU's promise to support its entry to the WTO ne

Astana hopes to finish WTO negotiations by the end of 2006. <br><br>

"It is possible. But it actually depends not only on Kazakhstan, but also on all members o

(KAZINFORM) <br><br><br>

Global Info Tech<br>


1449 KAZAKHSTAN,
www.polymerbiz.com
EU TO SIGN AGREEMENT
### ON ENERGY SUPPLIES
MOSCOW Oct 19
<br><br>

Russian petrochemical companies produced 744,800 tonnes of polyethylene in the first n

Polypropylene production fell 8.3% to 239,090 tonnes. <br><br>

Production of polystyrene and styrene copolymers grew 17.8% in the nine months to 192

Producers increased production of polymer film 16.6% to 233,590 tonnes, and plastic pip

Production of PVC plasticizers increased by 16.2% to 192,160 tonnes, synthetic rubber -

Petrochemical companies in September produced 79,480 tonnes of polyethylene, down 1

Russia & CIS Business and Financial Newswire <br><br><br>

Global Info Tech<br>


1450 Russian polyethylene
www.polymerbiz.com
production
###down 3.6% in 9 mths

Page 115
News

23 October 20006 – Bayer Material Science has bought the Taiwanese thermoplastic poly

The purchase of Ure-Tech, which had sales of $55m last year, makes Bayer the world's la

The German company said that it is looking to tap into the growth potential for TPU resin

Last year, Bayer's TPU sales were in the region of $241m. The deal is subject to regulato

PRW NEWS RESOURCES<br><br><br>


Global Info Tech<br>
1451 Acquisition www.polymerbiz.com
makes it the world's
### largest supplier of TPU resins and films.
French packaging concern Groupe Guillin has acquired Premier Packaging in the UK.<br>
The acquisition was carried out by Guillin's Italian subsidiary Nespak for an undisclosed p

Based in Canterbury, Kent, Premier is the UK distributor of Nespak's products. These incl

Premier's sales in 2005 were €5m, with Nespak products accounting for 85% of that figu

Guillin said the acquisition is intended to further reinforce its position in the UK packagin

Global Info Tech<br>


1452 Premier Packaging
www.polymerbiz.com
supplies injection
### moulded and thermoformed trays.
BASF is to quadruple capacity for the Hexamoll Dinch plasticiser, which it introduced for

The company introduced Hexamoll Dinch in 2002 and says the existing plant at Ludwigs

BASF began its search for "Sustainable Plasticisers" in 1997 and from the outset subjecte

In October, it received a positive review from the European Food Safety Authority, comp

Compliant with new EU regulations on restriction on phthalates in toys and children's art

An ester, based on phthalic anhydride and isonanol, Hexamoll Dinch has totally different

-- <br>
Global Info Tech<br>
1453 BASF plasticiser
www.polymerbiz.com
set for major###
expansion

Page 116
News

Head of District 8 Gas Conveyance Project, Hushang Mehrdadfar said here on Saturday
to Turkey to 18 million cubic meters per day. <br><br>

He also said that following the recent ebb and flow in daily gas export to Turkey caused
gas flow to Turkey has now resumed its former trend. <br><br>

As for a probable reduction in Iran gas exports to Turkey in the cold season due to an inc
consumption, Mehrdadfar noted that this quite depends on the weather condition; howev
over exports. <br><br>

Elsewhere in his remarks, Mehrdadfar referred to Iran gas exports to Nakhichevan Auton
some 160,000 cubic meters of gas is swapped on daily basis. <br><br>

Iran has pledged to increase its gas exports to 70 million cubic meters in 2005, to 200 m
in 2007, to 300 million in 2008 and to 350 million cubic meters in the years 2009 to 2023

ITC News Agency<br><br><br>

Global Info Tech<br>


1454 Iran gas exports
www.polymerbiz.com
to Turkey hit###
18m cu. m.
Crude production and processing from Lavan, Sirri, Khark and Bahregan oilfields has rea
of Lavan Offshore Oil Company told the Persian service of ISNA on Saturday. <br><br>

The share of Lavan and Sirri islands, off of southern province of Hormozgan, is now at 11
to increase by 90,000 bpd in 3-5 year development plans, Mohammad Baqer Salmani co
one of the lightest in the nation and enjoys high quality. <br><br>

Lavan Offshore Oil Company, an affiliate of Iranian Offshore Oil Company, has mainly be
joint fields of Salman, Reshadat, Balal and Resalat jointly owned by Iran and UAE. <br><

Moreover, the company is involved in a gas project at Khaf field, 3 km from Salman Platf
of gas per day via Sirri Island. The platform, to be installed in the field, is 80% complete
anticipated to come on stream in 18 months when equipment installation over 11 drilled

The plan, initially set at $395 million, is expected to cost $500 million after some due ad

The Lavan Company produces 27% of the country's crude and the refinery in the Island o
fuel for domestic use. <br><br><br>

<br>
Global Info Tech<br>
1455 Lavan Offshore holds 27% of ###
nation's crude production
www.polymerbiz.com
Abu Dhabi-based producer of polymers Borouge, has opened tenders for the setting up o

-- <br>

Global Info Tech<br>


www.polymerbiz.com
1456 Bouroge opens tenders for the
###
setting up distribution and storage hubs

Page 117
News

investors, flush with excess liquidity after record oil prices have pushed budget surpluse

City of Moscow, Russia <br><br>

City of Warsaw, Poland<br><br>

Krasnodar Krai Economic Development Agency, Russia<br><br>

Paris Region, France<br><br>

City of Rome, Italy<br><br>

Region Lazio, Italy<br><br>

City of Hamburg, Germany <br><br>

Whilst these government and development authorities are exhibiting from the perspectiv

Of the 23,552 industry professionals at Cityscape Dubai 2005, more than 8,000 were inte

As a real estate professional you can register for the exhibition free of charge by visiting
<br><br><br>

The Cityscape Team<br>


PS This year Cityscape Dubai is expecting over 35,000 real estate professionals from mo

<br><br><br>

Global Info Tech<br>


1457 Europe in pursuit
www.polymerbiz.com
of petrodollars
###at Cityscape Dubai

Page 118
News

Cityscape Dubai, the largest international business-to-business real estate event in the w

A number of down-stream facilities will be developed by Dow in conjunction with the ne

Importantly, the proximity of the new facility to the existing Dow-SCC complex at Map T

"This project supports Dow's strategic agenda on several fronts," said Dow chairman an

The cracker, which is expected to commence operations in 2010, builds on Dow's long-s

About SCC <br><br>

SCC is Thailand's largest industrial conglomerate with leading market position in each o

About Dow <br><br>

Dow is a diversified chemical company that harnesses the power of science and technol

SOURCE The Dow Chemical Company <br><br><br>

-- <br>
Global Info Tech<br>
1458 Dow Advances Strategy in Asia
www.polymerbiz.com ###Pacific
Have you ever been to an exhibition and wondered what happens to all
the carpet from the aisles and stands after the show? Well, around 12
million m² of carpet are dumped every year by the exhibitions and
events industry, which puts a strain on land fill.<br><br>
Now Reeds Carpeting of Coventry, which says it is the largest
independent events carpeting contractor in the UK, has set up a
project to reuse the scrap carpet as moulding material. With the help
of the Polymer Cluster it has developed a polypropylene cord carpet
for exhibition use, and set up Reeds Carpet Recycling to reclaim it.<br><br>
Full production is expected by early 2007 with the plant initially
recycling the 850 tonnes of scrap that Reed creates annually, but it
has plans eventually to take in waste carpet from other contractors.<br><br><br>

Global Info Tech<br>


www.polymerbiz.com

1459 Carpet contractor sets up recycling


### plant
The European Union has gone ahead with its plan to impose anti-dumping duties on plas
A 15 months investigation by the EU into imports of bags from the three countries sh
The anti-dumping duties will remain in place for five years - a period that was insuffic
-- <br>
Global Info Tech<br>
www.polymerbiz.com
1460 EU levies anti-dumping duties
###
on Asian plastic bags

Page 119
News

Reuters

<br><br><br>

Singapore: The UAE may fail to meet its full 100,000 barrel per day (bpd) Opec output cu
<br><br>
Abu Dhabi National Oil Company (Adnoc) told producers and lifters this week that it wou

"It's small enough. Lifters can recover that volume via tolerance," a Singapore-based tra
<br><br>
Adnoc told equity partners who hold 40 per cent of its roughly 1.4-1.5 million barrel per d
<br><br>
It also said it would cut sales of offshore Umm Shaif, pumping an estimated 200,000 bpd

All told, those curbs total about 55-65,000 bpd.<br><br>

Oil refiners and term customers of Upper and Lower Zakum grades were not aware of an

Without a cut in these grades, Abu Dhabi would be some 35,000 to 45,000 bpd short of i

Abu Dhabi pumped about 2.6 million bpd in September, making the UAE the 11-member
<br><br>
Lifters said it was not yet clear why Adnoc did not notify them of any cut in Upper Zakum

Upper Zakum pumps at around 550,000 bpd, leaving Adnoc ample room to cut even afte

Another 12 per cent is held by the Japan Oil Development Co (Jodco) while the remainde

But traders said this was an unlikely reason for Adnoc not to cut exports of Upper Zakum

Singapore: The UAE may fail to meet its full 100,000 barrel per day (bpd) Opec output cu

Abu Dhabi National Oil Company (Adnoc) told producers and lifters this week that it wou

"It's small enough. Lifters can recover that volume via tolerance," a Singapore-based tra

Adnoc told equity partners who hold 40 per cent of its roughly 1.4-1.5 million barrel per d

It also said it would cut sales of offshore Umm Shaif, pumping an estimated 200,000 bpd

All told, those curbs total about 55-65,000 bpd.<br><br>

Oil refiners and term customers of Upper and Lower Zakum grades were not aware of an

Without a cut in these grades, Abu Dhabi would be some 35,000 to 45,000 bpd short of i

Abu Dhabi pumped about 2.6 million bpd in September, making the UAE the 11-member

Lifters said it was not yet clear why Adnoc did not notify them of any cut in Upper Zakum

Upper Zakum pumps at around 550,000 bpd, leaving Adnoc ample room to cut even afte

Another 12 per cent is held by the Japan Oil Development Co (Jodco) while the remainde

But traders said this was an unlikely reason for Adnoc not to cut exports of Upper Zakum

Global Info Tech<br> Page 120


1461 UAE may fail
www.polymerbiz.com
to meet Opec's ###
output curbs
News

Reuters

<br><br><br>

Paris: Current oil prices of over $60 a barrel are too high and harmful for the world econo

Oil prices staged their biggest one-day gain in seven months on Wednesday after a surp

"This level is very excessive," IEA Executive Director Claude Mandil told France's BFM rad

US data last week showed crude stocks in the United States, the world's top consumer, f

Mandil played down the importance of the US stock decline seen in the week, attributing

"It means absolutely nothing. The main petro-leum import port of the United States ... wa

Oil prices have also been hoisted higher by more evidence of Opec's resolve to make go

"From Opec's point of view, they should be careful ... these are prices that hurt economie

Mandil added that he was concerned Russia was not investing enough in energy product

"The problem is not reserves," he said.<br><br>

"Investment is insufficient," he added later. <br><br>

<br>

Global Info Tech<br>


1462 IEA chief says current price very
www.polymerbiz.com###excessive
Reuters
<br><br><br>

Singapore, Hong Kong: China's Citic Group, a diversified state-owned investment vehicle

It has agreed to buy the Kazakh oil assets of Canada-based Nations Energy Co Ltd, the c

The firms said the deal was due to close in December, pending approval of shareholders

Nations Energy had been in talks with China International Trust and Investment Corp (Ci

A year ago top producer CNPC bought independent PetroKazakhstan for $4.2 billion, part

Analysts said Citic's deal, at $5.59 per barrel of proven reserves, was relatively cheap. C

However, the crude from the area is also very dense. It has an API of 19 degrees, similar
<br><br><br>

Global Info Tech<br>


1463 Citic buys big
www.polymerbiz.com
Kazakh oilfield ###
for $1.9b

Page 121
News

Qatar will be cutting 35,000 barrels per day (bpd) from its
crude production from November 1 this year to comply with
Opec's decision to slash 1.2 million bpd of oil output reached
in Doha early yesterday. <br><br>

Qatar, which sits over the world's third largest


non-associated natural gas reserves, is a small crude producer
compared to other Opec members. <br><br>

Saudi Arabia, the largest producer in the cartel, will cut


380,000 bpd from its actual production, followed by Iran
(176,000bpd), Venezuela (138,000bpd), UAE (101,000bpd), Kuwait
(100,000bpd) and Nigeria (100,000 bpd). <br><br>

Libya ranks next with a 72,000 bpd output reduction figure,


followed by Algeria (59,000 bpd) and Indonesia (39,000). The
latter does not export crude and uses it exclusively for
refined petroleum products for local consumption. <br><br>

Iraq is presently excluded from the list, according to


country-wise details of output cuts posted on the Opec
website. <br><br>

Talking of the consultative meeting held in Doha, the website


report said the conference extended a warm welcome to Sheikh
Ali Jarrah Al Sabah, Kuwait's oil minister and head of its
delegation, as he was attending the Opec meet for the first
time since taking over as minister. <br><br>

The report hinted that the meet particularly looked at the


fourth quarter (Q4) 2006 and 2007 forecasts and took the
decision to cut output to help stabilise the market, to the
benefit of producers and consumers alike. <br><br>

The interim arrangement (1.2m bpd cut) will be reviewed at


Opec's Abuja meet to be held on December 14. <br><br>

"In the interim, the conference has requested the Secretariat


to continue closely monitoring the market," the report added. <br><br>

"The Conference expressed its sincere gratitude to Qatar and


the authorities of the city of Doha for their warm hospitality
and the excellent arrangements made for the meeting," the
report noted. <br><br><br>

-- <br>
Global Info Tech<br>
1464 Qatar to slash
www.polymerbiz.com
oil output by 35,000
### bpd

Page 122
News

Oil giants BP and Royal Dutch Shell are expected to report a


fall in underlying third quarter profits this week, ending a
three year run of record earnings on the back of rising oil
prices. <br><br>

Analysts believe a higher oil prices quarter will fail to have


compensated for soaring oil field costs, higher taxes, a fall
in refining margins and lower production. <br><br>

The results will bolster the view that big oil companies'
earnings have peaked and that a fall of over 20 per cent in
oil prices since early August points to tougher times ahead. <br><br>

A Reuters poll of 10 analysts gave an average forecast of $4.7


billion for London-based BP's replacement cost profit
excluding non-operating items, such as gains from asset sales.<br><br>

This would represent a 12 per cent fall from the same period
in 2005 at the world's second-largest fully publicly quoted
oil company by market capitalisation. <br><br>

However, because BP was hit with a $700 million charge for


damage by Hurricane Rita in the third quarter of 2005, the
headline result is likely to be up year on year. <br><br>

A poll of 11 analysts gave an average forecast of $5.7 billion


for smaller rival Shell's third quarter current cost of supply
(CCS) net income, excluding one-off items, down from $5.8
billion in the same period last year. <br><br>

The replacement cost and CCS figures are similar measures and
exclude changes in the value of inventories. Analysts say
these figures, excluding one-offs, best reflect the underlying
performance of oil firms.
<br><br>
Other oil companies such as Chevron and ExxonMobil are
expected to report higher year-on-year profits, but Merrill
Lynch said for the first time in 13 quarters, the big oil
companies as a group will report a drop in earnings compared
with the previous quarter. <br><br>

This is despite the fact that average oil prices were at a


record high of around $70 per barrel during the period.<br><br>

"We expect a lacklustre quarter from the (large oil companies)


due to lower volumes, higher taxes and a greater exposure to
the fall in global refining margins," analysts at Morgan
Stanley said. <br><br>

Given none of these negative trends are expected to disappear


any time soon, a forecast $10 drop in average oil prices in
the fourth quarter suggests the sector's prospects may
continue to deteriorate. <br><br>

Analysts forecast Shell's production of oil and gas to fall to


3.1 million barrels of oil equivalent (boepd) per day in the
third quarter from 3.3 million in the third quarter of 2005,
as ethnic strife in Nigeria
Pagekept
123fields shut. <br><br><br>
News

US-based drug delivery specialist West Pharmaceutical is to invest some $80 million in tw
In China the company plans a new plastic injection moulding plant for 2009 completio
The Bodmin expansion involves doubling the size of the tooling facility. <br><br><b

Global Info Tech<br>


1466 West Pharma
www.polymerbiz.com
invests in China###
and Cornwall
US president Bush has warned Opec that curbing production to keep oil
prices high could 'wreck economies', and that market speculators had
caused the recent drop in crude prices, according to a CNBC interview
cited by AP. Bush also restated his government's aim of reducing
America's dependence on oil by investing in new technologies.<br><br><br>

Kazakhstan General Newswire


<br><br><br>
-- <br>
Global Info Tech<br>
www.polymerbiz.com
1467 Bush warns Opec on supply strategy
###
An ethylene plant in Lanzhou of north-west China, its design capacity
being 700,000 tons per year, is commissioned for trial operation, the
managers of PetroChina Lanzhou Petrochemical.informed
Interfax-Kazakhstan agency.<br><br>
Currently 22 out of the 33 production trains at the plant are in operation.
The plant is to reach its full capacity by end 2006. Crude oil comes
from Kazakhstan through a pipeline, which was commissioned in June.<br><br>
The throughput capacity of the pipeline is 10 million tons of oil per
year. Later the capacity will be increased up to 20 million tons per
year. <br><br><br>

October 23, 2006<br><br><br>

Asia Pulse<br><br><br>

October 24, 2006 Tuesday 4:40 PM EST<br><br><br>

NATIONWIDE INTERNATIONAL NEWS<br><br><br>


Global Info Tech<br>
1468 Trial operation
www.polymerbiz.com
of an ethylene###
plant in China started; crude oil comes from Kazakhstan

Page 124
News

Following the U.S. and Germany, China has


become the third largest market for the US-based Dow Chemical, the
world's largest chemical business, which kicked off its Dow Center
project in China's economic engine Shanghai recently.<br><br>
It is learned that Dow Chemical's revenue in China hit 2.3 billion US
dollars in 2005. <br><br>
The Dow Center project, which is expected to be completed by 2007,
incorporates a research center, a global information technology center
and some 60 labs. It will provide services and solutions about
building, auto, medical and health care industries for its clients
across China and the Asia-Pacific region.<br><br>
Dow Chemical is an integrated chemical company with its business
involving drinking water, food, medicine, paint, package and personal
health care products. The company's annual global sale turnover is
about 46 billion US dollars<br><br><br>

SHANGAI (CEIS)<br><br><br>

Global Info Tech<br>


1469 China becomes
www.polymerbiz.com
Dow Chemical's
###third largest market in the world

Page 125
News

DUBAI -- The global petrochemicals industry is expected to hit a


downtown by 2009, according to forecasts by Chemical Market Associates
(CMAI), an international petrochemicals consultant. The downturn will
impact all segments of the industry -- plastics, methanol,
chlor-alkali and olefins, said Patrick Rooney, managing director of
CMAI Middle East. <br><br>
The downturn will be a result of the 'capital-build' cycle and the
consequent increased capacity that will be coming on stream, primarily
from the Middle East, China and Iran, he said, estimating that between
75-80 per cent of new capacity will come from these regions.<br><br>
The company's forecasts put Iran's new capacity at 13 per cent of the
world's additions. The exact timing of these additions is unknown,
however, but is critical to how companies deal with the up-cycle.
Rooney also added that history has showed that a concentration of new
capacity benefited the industry when the upturn came.<br><br>
CMAI also forecasts show that by 2010 countries in the Middle East
will produce about 40 per cent of the world's basic petrochemicals and
polymers, such as ethylene, benzene, methanol, HDPE, LDPE, LLDPE,
chlorine and caustic soda -- production of $40 billion of
petrochemical products annually, equivalent to the size of Europe's
production. And by 2015 Middle East production would have grown to
nearly $60 billion annually, the size of the US petrochemical
industry. This represents a very big structural change in the global
petrochemical sector, said Rooney.<br><br>
This structural change is being brought about as a result of a
concerted effort by Middle East governments to diversify their
industries and hence revenue sources. These countries are being
encouraged to produce more finished and semi-finished plastic goods,
rather than, for example, shipping the base chemicals to China where
they are converted into finished plastic goods. And the Middle East is
also expected to continue to have an increasing influence on global
petrochemical markets over the long term due to its advantaged
feedstock position, commented Rooney. <br><br>
While global markets will face oversupply by 2009 'less surplus
capacity will appear than most are expecting,' said CMAI's president,
Gary Adams, recently. This reflects strong and rising retail-based
consumption, especially for non-durable consumer goods which, Adams
estimates, to be as high as 75 per cent.<br><br>
He said: 'A sustaining strength for the current up-cycle is the
continuing growth in retail sales, not just in the large, developed
economies like the US, but especially in the emerging and rapidly
growing economies such as China, Russia and India.' Retail activity
levels have increased 30 to 50 per cent above levels evident in 2002,
he continued, and this rate of growth is expected to continue at least
for the next two years and most likely beyond 'adding impetus to
demand growth for basic chemicals and plastics products,' he said.
Consumer demand continues to intensify as the global economy becomes
more connected. And the very efficient product-to-market 'global
assembly line' that has evolved over the years 'is feeding an almost
fanatical appetite for consumer goods around the globe,' said Adams.
So when the upturn comes, and assuming that the Middle East economies
continue to strengthen their position in the petrochemical sector,
they should be well positioned to reap some rich rewards.<br><br><br>
BY LUCIA DORE (Senior Correspondent)<br><br><br>
a
-- <br>
Global Info Tech<br>
1470 Rising capacity
www.polymerbiz.com
in Middle East###
to fuel downturn in petrochemical sector
Page 126
News

Marked improvement has been seen in the outlook for the projected
375 km ethylene pipeline from Ludwigshafen to Münchsmünster, Germany -
connecting petrochemical sites in Gendorf and Burghausen to the ARG
network. Members of the EPS Ethylene Pipeline Süd consortium are BASF,
Borealis, Clariant, OMV, Ruhr Oel, Vinnolit and Wacker-Chemie.
Authorities in European Union authorities have granted approval to the
project, after the state of Bavaria agreed to reduce the subsidy from
50% to around 30% of the investment sum. In absolute terms this
amounts to just under EUR 45 mln.<br><br><br><br>

Global Info Tech<br>


1471 EU approvalwww.polymerbiz.com
for ethylene pipeline
###
Increasing demand for halogen-free flame retardants has led Ciba Specialty Chemicals to
<br><br><br><br>

Global Info Tech<br>


1472 Ciba expands
www.polymerbiz.com
high temperature###flame retardant capacity
New managing director of PVC Group in Chinley, Derbyshire, is Gary Morton, former chie
<br><br><br>
British Plastics and Rubber Industry News<br><br><br>

Global Info Tech<br>


1473 Morton takes
www.polymerbiz.com
over at PVC Group
###

Page 127
News

Bucharest: Europe's gas market is dysfunctional and needs alternatives to Russian mono

Gazprom, Russia's gas export monopoly, currently supplies a quarter of Europe's gas nee

"Our national security is best served when energy and other markets function efficiently

"When gas prices in central Asia are $100 for 1,000 cubic metres and in a country like Ro

"What's wrong is a lack of competition," he said in an interview after attending a regiona

Gazprom shocked Europe at the start of this year when it cut supplies to Ukraine, the ke

The firm said its gas deliveries never fell below its contractual volumes and says it will al

EU politicians have pressed Moscow to liberalise its gas market. They want Russia to let

However, earlier this year Russia enshrined Gaz-prom's gas export monop-oly in law, ste

Bryza said the United States wants Gazprom to remain a reliable gas supplier to Europe,

"We want competition as well. We want Europe to have an alternative so it is safe and so

He said Azerbaijan was under "a lot of pressure by others in the region" not to ship gas b

"We hope that by next year, when the Turkey-Greece-Italy pipeline is completed, at leas
<br><br>
Bucharest: Europe's gas market is dysfunctional and needs alternatives to Russian mono

Gazprom, Russia's gas export monopoly, currently supplies a quarter of Europe's gas nee

"Our national security is best served when energy and other markets function efficiently

"When gas prices in central Asia are $100 for 1,000 cubic metres and in a country like Ro

"What's wrong is a lack of competition," he said in an interview after attending a regiona

Gazprom shocked Europe at the start of this year when it cut supplies to Ukraine, the ke

The firm said its gas deliveries never fell below its contractual volumes and says it will al

EU politicians have pressed Moscow to liberalise its gas market. They want Russia to let

However, earlier this year Russia enshrined Gaz-prom's gas export monop-oly in law, ste

Bryza said the United States wants Gazprom to remain a reliable gas supplier to Europe,

"We want competition as well. We want Europe to have an alternative so it is safe and so

He said Azerbaijan was under "a lot of pressure by others in the region" not to ship gas b

"We hope that by next year, when the Turkey-Greece-Italy pipeline is completed, at leas
<br><br><br>

Gulf News <br><br><br>

Global Info Tech<br>


1474 Europe gas www.polymerbiz.com
market 'needs competition'
###

Page 128
News

Managing director of National Iranian Central Oil Company


noted that Homa, Varavi, and Shanol gas fields will start
producing 35.7 million cu. m. gas per day as of next month. <br><br>
Alireza Zighami told Petroenergy Information Network that
Parsian 2 refinery is going through pre-commissioning and will
be launched next month. <br><br>
The official noted that the first phase of developing the gas
fields will be operational by November 6 and includes drilling
31 wells. <br><br>
The official stated that Homa, Varavi and Shanol gas fields
will be connected to cross-country gas network next month
after pre-commissioning and commissioning operations are
complete. <br><br>
Varavi, Shanol and Homa gas fields are being developed through
drilling four repair and 27 developmental wells. The fields
are expected to produce 37.5 million cu. m. sweet gas per day
including 15 million cu. m. by Shanol, 7 million cu. m. by
Varavi and 15.5 million cu. m. by Homa. The fields will also
yield 14,420 barrels gas condensate per day. <br><br>
The gas from three fields will feed the second phase of
Parsian refinery while its first phase will be fed by Tabnak
gas field. <br><br>
679.8 million dollars as well as 1,325 billion rials have been
allocated to development of Varavi, Homa and Shanol gas
fields. <br><br><br>

-- <br>
Global Info Tech<br>
1475 3 Fields to Start Gas Production
www.polymerbiz.com###in a Month

Page 129
News

Abu Dhabi: Abu Dhabi-listed Dana Gas and Dutch company Single Buoy Moorings (SBM)
<br><br>
The two firms also signed a Memorandum of Understanding (MoU) with the US-based Gra
<br><br>
Hamid Dhiya Jaafar, Executive Chairman of Dana Gas, and Didier Keller, Chief Executive
<br><br>
"Through this key agreement, we are delighted to partner with SBM, a world leader in pr
<br><br>
Solutions
<br><br>
Dana Gas is the region's first private sector natural gas company and SBM is a top globa
<br><br>
The newly formed alliance will initially target LNG terminal projects in Pakistan, Lebanon

"Within the alliance, Dana Gas will be more particularly involved in the LNG marketing ac

"The newly formed consortium with Granada Group is quite advanced in the definition of
<br><br>
Details about investments in other projects were not disclosed.
<br><br>
Natural gas consumption in the Middle East has been growing at an average of 5.9 per c
<br><br>
Abu Dhabi: Abu Dhabi-listed Dana Gas and Dutch company Single Buoy Moorings (SBM)
<br><br>
The two firms also signed a Memorandum of Understanding (MoU) with the US-based Gra
<br><br>
Hamid Dhiya Jaafar, Executive Chairman of Dana Gas, and Didier Keller, Chief Executive
<br><br>
"Through this key agreement, we are delighted to partner with SBM, a world leader in pr
<br><br>
Solutions
<br><br>
Dana Gas is the region's first private sector natural gas company and SBM is a top globa
<br><br>
The newly formed alliance will initially target LNG terminal projects in Pakistan, Lebanon

"Within the alliance, Dana Gas will be more particularly involved in the LNG marketing ac
<br><br>
"The newly formed consortium with Granada Group is quite advanced in the definition of
<br><br>
Details about investments in other projects were not disclosed.
<br><br>
Natural gas consumption in the Middle East has been growing at an average of 5.9 per c
<br><br><br>
Gulf NEWS
<br><br><br>
Global Info Tech<br>
1476 Dana Gas signs
www.polymerbiz.com
deal to develop
### LNG terminals

Page 130
News

Located in three main deposits across an area the size of Florida, the Alberta oilsands ar

The sands have been exploited since the 1970s. But as the price of oil soared, oilsands r

Canada already supplies about 2 million barrels per day of the US's consumption of 12 m

The problem, however, is that costs of producing oil from the sands are high and rising f
<br><br>
As the oil price has fallen by more than 20 per cent from its peak in the summer, the out
<br><br>
Thick<br>

The oilsands, which look and feel like molasses, are found in bands between 6-10 metres
<br><br>
Extracting the oil is laborious. Two tonnes of oilsands yield just 1.25 barrels of bitumen a
<br><br>
Foreign players have flocked to the oilsands in recent years. ExxonMobil, Royal Dutch Sh
<br><br>
Two of China's biggest energy groups, China National Offshore Oil Corporation and Sinop
<br><br>
The half-dozen or so existing oilsands producers currently turn out about 1 million barrel
<br><br>
But as investment has poured into the region, at a time of strong demand for skilled staf
<br><br>
Dominion Bond Rating Service of Toronto concluded in a study that companies were taki

The study noted that "the non-discretionary nature of oilsands capital spending, long lea
<br><br>
Several companies are having second thoughts about their projects.
<br><br>
Upgrade<br>

For instance, Husky Energy, controlled by Hong Kong businessman Li Ka-shing, is recons
<br><br>
"Under the current economics and also the labour supply, and the cost of construction, it
<br><br>
Murray Edwards, vice-chairman of Canadian Natural Resources, which has big plans for t
<br><br>
However, different companies take different views. Integrated oil companies have the ab
<br><br>
However, while oilsands may have their difficulties, none of the other options available t

"International oil companies are having to adapt to survive," says Jason Kenney of ING.
<br><br>
"Politically, outside of the OECD countries, things are getting worse and worse. With oilsa
<br><br>
For optimists about global oil reserves and US energy security, Canada's oilsands are a v
<br><br>
Located in three main deposits across an area the size of Florida, the Alberta oilsands ar

The sands have been exploited since the 1970s. But as the price of oil soared, oilsands r
<br><br>
Canada already supplies about 2 million barrels per day of the US's consumption of 12 m
<br><br>
The problem, however, is that costs of producing oil from the sands are high and rising f
<br><br>
As the oil price has fallen by more than 20 per cent from its peak in the summer, the out
<br><br> Page 131
Thick<br>

The oilsands, which look and feel like molasses, are found in bands between 6-10 metres
News

LG International is to start selling polypropylene in Britain as its new plant in Oman come
LG's Luban material is made to a Novolen gas-phase technology licence from Novolen
All the materials will be held in stock in the UK ready for delivery within 48 hours in b

Global Info Tech<br>


www.polymerbiz.com
1479 LG bids for supremacy in polypropylene
###
A joint venture polyurethane systems operation has
been set up in the Middle East by Bayer MaterialScience and Pearl
Insulation Materials Industries of Dubai. The new BaySystems Pearl
will be a full polyurethanes systems provider with emphasis on
supporting customers in the construction industry and oil and gas
extraction, where rigid polyurethane foam is used on a large scale for
thermal insulation.<br><br><br>

Brotish Rubber Industry<br><br><br>

Global Info Tech<br>


1480 Bayer joins www.polymerbiz.com
in Dubai PU systems
### operation
PolyOne Corporation is to buy a Chinese PVC compounder as part of its
strategy to accelerate growth in Asia. It is to buy the vinyl
compounding subsidiary of Ngai Hing Hong Company. The current
shareholders of Ngai Hing Hong will retain 5 per cent of a new company
that PolyOne will set up to conduct vinyl compound business in Asia.
PolyOne will also take a stake in Ngai Hing Hong Company.<br><br>
The acquisition will give PolyOne its first PVC plant in China,
at Dongguan, in the Guangdong province of South China. It already has
three other plants making products for its Engineered Materials, Color
and Additives, and Polymer Coating Systems businesses.<br><br><br>

British Rubber Industry<br><br><br>

Global Info Tech<br>


www.polymerbiz.com

1481 PolyOne to buy Chinese PVC ###


compounder
Dubai is the hub for a buoyant local market. <br><br>

Bayer MaterialScience (BMS) is linking up with Dubai-based rigid PU foam specialist Pea

BaySystems Pearl will be located at Dubai and is expected to start operations early next

The move extends BMS's network of local, customer-focused foam system formulators w

"One key task for the new systems house is to support customers in the construction ind

-- <br>
Global Info Tech<br>
1482 Bayer establishes
www.polymerbiz.com
PU systems###
house in Middle East

Page 132
News

Engel's Chinese injection machinery manufacturing plant, currently under construction in

The 9,000 sq metre facility will manufacture large machines from the company's Duo tw

"For us there is no question of downgrading machines for the Chinese market," he told P
<br><br>
Manufacturing large machines in China will enable Engel to offer shorter lead times to cu

"We see cost advantages in producing the clamping unit in China," he said. "Castings are

The Shanghai plant will manufacture some 30 machines in the 650 to 1,500 tonne capac

Engle set up its first Far Eastern manufacturing plant – in Korea – five years ago to build

PRW News Resources <br><br><br>

Global Info Tech<br>


1483 Engel's Chinese
www.polymerbiz.com
factory plans###
on course
The Pakistani government plans to establish an 'oil city' with an investment of $US40 bill

The project is planned to be complete in two phases. In phase-1, a 'petrochemical city' a


<br><br>
A consortium, including Dana Gas Single Buoy Moorings (SBM) and US-based Granada G
<br><br><br>
PLASTMART
<br><br><br>
Global Info Tech<br>
1484 Pakistan to www.polymerbiz.com
establish oil city and
### LNG terminal
Brazil <br>
Petrochemical company Petrobras Química S.A. (Petroquisa), a subsidiary of Brazilian s

The companies are going to produce PTA and PET resin and polyester fibers, and the est

Source: Investnews <br><br><br>

Global Info Tech<br>


1485 Brazil - Petroquisa to resume
11/2/2006
www.polymerbiz.com negotiations with Mossi & Guisolfi
31 Oct, 2006 - Qatar <br>
Qatar Petroleum and ExxonMobil Chemical Qatar Ltd, a subsidiary of ExxonMobil Corp, h

The facilities will include a 1.3 M tonne/y cracker and associated derivatives units, includ

The complex will utilise feedstock from gas development projects in Qatar's North Field a

Source: Financial Times Information Limited <br><br><br>

Global Info Tech<br>


1486 Qatar Petroleum
www.polymerbiz.com
and ExxonMobil
11/2/2006Chemical sign heads of agreement for petrochemical complex.

Page 133
News

1 November 2006 – China is likely to remain a major net importer of polypropylene, desp

A number of analysts have forecast China's PP imports to fall as the new capacity comes

The consultancy bases its expectation on a detailed review using a large number of inter

Exports of products using PP accounted for about 25% of the total Chinese market in 200

In 2005, 68% of PP was used in China for extrusion applications and 32% for injection mo

-- <br>
Global Info Tech<br>
1487 China may increase imports
11/2/2006
www.polymerbiz.com of PP, says report
Oil fell 2 per cent to near $57 yesterday, deepening sharp losses from the previous sessi

London Brent crude futures fell as low as $57.39, the lowest price in 2006, and at 1649 G

US light crude fell $1.18 to $57.18 a barrel by 1712 GMT, after tumbling $2.39 or nearly
<br><br>
Traders waited to see if Opec producers will adhere to an agreement to cut 1.2 million ba

"The dominant speculative sentiment remains overwhelmingly bearish," Barclays Capita

Saudi Arabia, the world's largest oil exporter, and the UAE have told customers of supply

Analysts also attributed oil's decline to slowing US economic growth and swelling fuel sto

Global Info Tech<br>


1488 Oil prices slide
www.polymerbiz.com
to lowest11/2/2006
level this year

SEOUL, Nov. 2, 2006 (WAM) -- Abdallah S. Jum'ah, president and chief executive officer o

In 1991, Saudi Arabian Oil, widely known as Saudi Aramco, acquired a controlling stake i

The visit by the head of Saudi Aramco comes as the oil giant is pushing to unload the bu

Saudi Aramco, which presently owns a 35-percent stake in S-Oil, has been engaged in ta

Saudi Aramco is the world's largest state-owned oil company that produces, manufactur

It has subsidiaries or joint ventures in countries around the world including China, Japan,

news sourse upi<br><br><br>


-- <br>
Global Info Tech<br>
1489 Saudi Aramco's
www.polymerbiz.com
CEO to visit
11/4/2006
S. Korea next week

Page 134
News

03 Nov, 2006 - Thailand <br>


The planned jv venture liquids cracker in Rayong, Thailand, between Dow Chemical and

The cracker will include capacities of 900,000 tons/y of ethylene and 800,000 tons/y of p

Plans include a hydrogen peroxide-to-propylene oxide (HPPO) joint venture with BASF. Th

Source: Chemical week <br><br><br>

-- <br>
Global Info Tech<br>
1490 Thailand - Dow, Siam cement
11/4/2006
www.polymerbiz.com advance naphtha cracker plans.
03 Nov, 2006 - Qatar <br>
ExxonMobil Chemical and Qatar Petroleum (QP) will advance studies on their planned $3

The Qatar project includes capacities for 1.3 M tonnes/y of ethylene, downstream plants

With the cracker project, ExxonMobil aims to raise capacity by nearly 50% in the Asia/Mi

Source: Chemical week <br><br><br>

-- <br>
Global Info Tech<br>
1491 ExxonMobilwww.polymerbiz.com
and Qatar Petroleum
11/4/2006agree to advance cracker project.
PolyOne is to expand its share of the European market with the start
up of a new line for the manufacture of OnFlex range of TPE compounds
in Spain. The new line has a capacity of 3,500 tpa and will bee the
first time that Polyone manufactures these materials in Spain. In
addition to making the company's existing range of OnFlex-S TPE-S,
Styrenic type compounds, the line will also be the first full-scale
unit for OnFlex-U TPE-U compounds in Europe. This addition totals the
group's overall European capacity to more than 10,000 tpa.<br><br><br>

news sourse world press<br><br><br>

-- <br>
Global Info Tech<br>
1492 PolyOne to www.polymerbiz.com
produce TPE11/6/2006
compounds in Spain

Page 135
News

As part of China's massive expansion in the petrochemicals sector to


reduce it dependence on imports, Sinopec Corp is to start construction
of a one mln tpa naphtha cracker in eastern Ningbo city at an
investment estimated at US$2.8 billion. The cracker is estimated to be
complete by the end of 2009.<br><br>
Sinopec plans to source feedstock locally in order to minimise the
impact on the regional naphtha market. This will require expansion in
crude refining capacity, which is supported by expansion work at
Zhenhai to 460,000 bpd over the same period. Capacity addition will be
coupled with retooling of the refinery to favour high output of
feedstock, particularly naphtha.<br><br><br>

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1493 Sinopec to commence construction
11/6/2006 of US$2.8 bln naphtha cracker
Reliance and IPCL have announced a downward polymer price change wef
Nov1, 2006, as follows:<br>
LDPE is down by Rs 3 per kg on basic<br>
LLDPE is down by Rs 2.50 per kg on basic<br>
HM HDPE film grade is down by Rs 3 per kg on basic<br>
HDPE, all other grades, are down by Rs 2.50 per kg on basic<br>
PVC is down by Rs 4 per kg on basic<br>
PP Random Copolymer is down by Rs 2.40 per kg<br>
PP Raffia and TQ is down by Rs 2.70 per kg<br>

<br><br><br>
news sourse pm
<br><br><br>

-- <br>
Global Info Tech<br>
1494 Indian polymer
www.polymerbiz.com
prices slide
11/6/2006

Page 136
News

on track after a delay caused by conflict over Teheran's nuclear


program.<br><br>

"The recent conflict has resulted in the operation beginning one year
behind the original schedule," said Cholanut Yanaranop, president of
Cementhai Chemicals Co, the petrochemical flagship of Siam Cement.<br><br>

He said the project was originally planned to come online in early


2008 but would now begin late the same year.<br><br>

The launch of construction follows an easing of the nuclear dispute


between the United States and Iran and a solution to minimize the risk
of moving money in and out of the Muslim country.<br><br>

"We (the project operator) have opened an escrow account offshore and
use it as a tool to move the money facilitating the project," said Mr
Cholanut.<br><br>

Siam Cement, Thailand's largest industrial conglomerate, holds a 38%


stake in the $225-million Mehr petrochemical project in Iran. It is
intended to produce high-density polyethylene (HDPE), with a capacity
of 300,000 tons per year.<br><br>

Other shareholders in the venture are National Petrochemical Co of


Iran with 40%, Itochu Corporation of Japan (12%) and Thailand's PTT
Chemical Plc (10%).<br><br>

Earlier, the project came under pressure when Washington reportedly


lobbied for operations to halt because of the dispute over Iran's
nuclear program.<br><br>

Mr Cholanut said Siam Cement projected a slowdown in its chemical


business, which had become a major money spinner over the past two
years.<br><br>

He said earnings before interest, taxes, depreciation and amortization


(EBITDA) in the fourth quarter this year would decline from a peak in
the third quarter.<br><br>

In the third quarter, the company posted revenue of 32.7 billion baht
and EBITDA of around seven billion baht.<br><br>

Its average sales margin in the fourth quarter of this year is


estimated at U.S.$700 per ton of ethylene, down from $730 in the
previous quarter. However, the margin would still be higher than in
the second quarter which was $580, and $560 in the first, according to
Mr Cholanut.<br><br>

The average sales margin for the full year is estimated at $650 per
ton compared to $570 last year.<br><br>

"Next year's margin and revenue are expected to decline from this year
to similar levels as those recorded in 2005," he said.<br><br>

Currently, the petrochemical business contributes 40-50% of the net


profit of Siam Cement, Mr Cholanut said.<br><br>

Siam Cement's petrochemical business reported total sales of 86.08


Page 137
billion baht last year, up 15% from the previous year, given growing
global demand as well as supply delays from China and Iran.<br><br>
News

will stabilise at about the $60 a barrel level. If the VLCC market is
anything to go by, there is slightly less oil being moved as freight
rates eased very gently downwards and then settled.<br><br>

Where last week the rate from the Gulf to Northwest Europe was
Worldscale 70, the fixture of the Younara Glory to Total at WS67.5
demonstrates the pattern. Cargo movements from the Gulf to such
destinations as South Korea have been more affected. The previous
week's WS75 has now fallen 10 points as the Front Highness was
concluded at WS65 to GS Caltex.<br><br>
Not only was the Opec move to blame for these reductions in oil
movements. Europe has had one of its warmest Octobers on record.<br><br>

A similar picture is seen in East Asia, where refinery runs have been
cut in some parts.<br><br>

Warmer temperatures in the region are curbing demand for heating oil,
which keeps oil stocks at a higher level than normal.<br><br>

This of course has a knock-on effect on crude demand for eastern


destinations. Thus oil prices continue weak.<br><br>

There was initially more VLCC demand in West Africa, firming rates.
But the market is now quieter for cargoes to the Gulf of Mexico, where
brokers have marked rates down to WS95, and to Asia, where rates have
fallen to WS80.<br><br><br>

Suezmax<br><br><br>

The story is similar for Suezmax tonnage. Demand dropped in their


prime trade of West Africa to the US, driving sharply down. After
peaking at WS185 last week, the latest fixtures reported are close to
WS120. In fact, Exxon and Valero are reported to have concluded three
Suezmaxes from West Africa to the US Gulf at WS120. Voyages to Europe
from West Africa have fallen as low as WS115.<br><br>

In the Med, demand also fell, as rates dropped to WS125. In the Black
Sea, there are two opposing pressures.<br><br>

First, the pipeline feeding Supsa has been damaged and fewer cargoes
are being quoted.<br><br>

And weather in the Turkish Straits has deteriorated, with more


freq-uent fogs causing delays of four to five days in both directions.<br><br>

But rates have been weakening and the latest fixture is that of an
undisclosed vessel to Turkey at WS125.<br><br><br>

Aframax<br><br><br>

Rates were also affected for smaller sizes in the Med as Aframax rates
came under pressure. Having fallen last week from WS220 to WS155, the
drops continued but bottomed out at WS135. In the Black Sea, Aframax
rates followed the Suezmax trend and also fell slightly. The Ceram Sea
was fixed from Novorossiysk to the Med at WS132.5.<br><br>

Northern Europe also followed a weaker path, with rates for the usual
80,000-tonne parcels having been concluded at WS210. These have now
eased back to WS170. Page
In the138
Caribbean, demand continued at a high
level, but rates eased back slightly from WS280 to WS255. The Rebecca
was taken by Shell from east coast Mexico at that level for discharge
in the Gulf of Mexico.<br><br>
News

Shell has decided to pursue construction of the Shell Eastern


Petrochemicals Complex (SEPC) on Singapore's Bukom Island, which will
include an 800,000 tonne/y ethylene plant due for launch in late 2009
or early 2010. Shell hopes to tap synergistic effects and boost global
competitiveness by integrating its refinery on Bukom Island with
petrochemical production. Reclamation work is currently being
undertaken by JTC Corp on Bukom Island.<br><br>

Shell also plans to establish a 750,000 tonne/y monoethylene glycol


production unit in a plant operated by Petrochemical Corp of Singapore
(PCS). PCS has two ethylene hubs on Merbau, Jurong Island, while
ExxonMobil has a 900,000 tonne/y ethylene complex on Chawan, also on
Jurong Island. The two companies have a combined production capacity
of about 2 M tonnes/y. ExxonMobil, which started up an 800,000 tonne/y
plant in 2001, is set to undertake a debottlenecking effort to boost
production of ethylene and derivatives.<br><br>

The company is also evaluating a plan to establish an 800,000-1 M


tonne/y naphtha cracker in anticipation of strong demand from China
and other parts of Asia. All these projects would boost Singapore's
production capacity for basic petrochemicals by 1.6-1.8 M tonnes/y.<br><br><br>

Source: Financial Times Information Limited<br><br><br>

-- <br>
Global Info Tech<BR>
1497 Ethylene capacity
www.polymerbiz.com
to reach
11/6/2006
3.5-4 M tonnes/y in Singapore
06 Nov, 2006 - Singapore<br>
Shell has started work on its new Bukom petrochemical complex in
Singapore.<br>
<br>

The complex will have an 800,000 tonnes/y ethylene cracker and a


750,000 tonnes/y EG unit and is due onstream in 2009 or 2010.<br>
<br>
<br>

Source: Chemical and Engineering news<br>


<br>
<br>

-- <br>

Global Info Tech<br>

www.polymerbiz.com

1498 Shell breaks ground in Singapore.


11/6/2006

Page 139
News

Iran's Fund for Export Development of Oil Derivatives planned to


dispatch a delegation of 30 experts in oil and petrochemical industry
to Beijing and Hong Kong, Managing director of the fund Pedram Soltani
said on Sunday.<br><br>

He said that China is currently Iran's major partner in the field of


oil and petrochemical products and Iran is keen on Chinese investment
in the sector.<br><br>

Soltani said that according to existence of opportunities to develop


Iran-China cooperation in the field of oil and petrochemical industry,
the fund has planned to send an expert delegation to China in
cooperation with Ministry of Foreign Affairs and the Trade Promotion
Organization of Iran (TPOI) on November 12-19.<br><br>

The delegation is comprised of managers of major private companies


active in the oil and petrochemical products.<br><br>

Coordination has been made to hold seminar in both Beijing and Hong
Kong to introduce opportunities for investment in Iran's
petrochemical, oil and gas industries concurrent with arrival of the
delegation in order to get Chinese investors, tradesmen and industry
owners acquainted with Iranian industry sector, he added.<br><br>

Soltani expressed hope that the tour will bolster economic relations
between the two countries and encourage Chinese investors to invest in
Iran's oil and gas downstream projects.<br><br><br>

-- <br>
Global Info Tech<br>
1499 Iran to dispatch oil, petrochemical
11/6/2006 industry experts to China
www.polymerbiz.com
PolyOne is to expand its share of the European market with the start
up of a new line for the manufacture of OnFlex range of TPE compounds
in Spain. The new line has a capacity of 3,500 tpa and will bee the
first time that Polyone manufactures these materials in Spain. In
addition to making the company's existing range of OnFlex-S TPE-S,
Styrenic type compounds, the line will also be the first full-scale
unit for OnFlex-U TPE-U compounds in Europe. This addition totals the
group's overall European capacity to more than 10,000 tpa.<br><br><br>

Plastmart<br><br><br>

-- <br>
Global Info Tech<br>
1500 PolyOne to www.polymerbiz.com
produce TPE11/6/2006
compounds in Spain

Page 140
News

Oil remained practically at the same level as last week, of US$ 58/barrel, although price
All commodity polymers were traded at lower prices. PVC price collapsed drastically, whi

OIL<br>
Oil increased by about US$ 2 / 3 barrel for a couple of days due to lower inventories in

NAPHTHA <br>
Naphtha lost steam again and slid as low as US$510/MT before settling at around US$53
ETHYLENE<br>
Ethylene price remained static at US$1080 to US $ 1100 , in the week of October 30th 2

PROPYLENE<br>
Propylene prices have also remained at the same level as that of October 30, 2006 at US

EDC<br>
EDC lost price again for the second consecutive week, finally settling at US$400/MT. The

VCM<br>
The bearish Chinese demand of PVC exerted tremendous pressure on price of VCM that e

STYRENE<br>
Due to sharp reversal of price of benzene styrene monomer also lost heavily and reache

POLYMERS<br>
LDPE<br>
LDPE lost again, but at a lower level compared to the week of 30 October 2006. From US

LLDPE<br>
LLDPE price also slipped down to a level of US$1260/MT in the week of 30th October 200

HDPE<br>
Cheaper deep-sea cargoes have compelled the suppliers to cut down the price from US$

PP<br>
The weaker demand scenario in China and other Asian countries compelled suppliers to
PVC<br>
PVC price collapsed again to US$810/MT from US$880/MT in the week of 23rd October 2

PS <br>
GPPS price remained static at US$1290-1300/MT in the week of October 30th 2006 due t

ABS<br>
ABS also remained stagnant at US$1600/MT in the week of October 30th October 2006.

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1501 Week in Review 11/6/2006

Page 141
News

Shanghai November 7 <br>

The Russian and Chinese governments have instructed experts to work out a program fo

The plan was entered on a protocol, signed after a meeting of the Russian-Chinese Comm

The protocol says that, while keeping a long-term perspective in view, Russia and China

Zhukov told Chinese reporters on Tuesday that after commercial talks are over, Gazprom

China's annual demand for Russian gas is estimated at 68 billion cubic meters (bcm) by

News sourse <br><br><br>

Interfax News Agency<br><br><br>


-- <br>
Global Info Tech<br>
1502 Russia, China to map out
11/8/2006
nine-year program for energy cooperation
www.polymerbiz.com
OPEC may make another cut in its oil output when its ministers meet next month in Abuj

''The oil market is imbalance now .....we will review the situation in the market in light of

The Organisation of Petroleum Exporting Countries (OPEC), he added would take stock o

He indicated that the committee would not discuss oil prices and production as the main

The Qatari minister and his Kuwaiti counterpart Sheikh Ali Al Jerah arrived here today to

Meanwhile GCC energy under secretaries concluded a meeting here today to hammer ou

Nasser Al Sharhan, Under Secretary of UAE Ministry of Energy, said recommendations of

News Sourse<br><br><br>

WAM<br><br><br>
-- <br>
Global Info Tech<br>
1503 OPEC may make
www.polymerbiz.com
another11/8/2006
output cut in Abuja next month : Qatar

Page 142
News

Showcasing plastic and rubber products as well as machineries and raw materials, Iran P

It covers a land area as large as 30,435 sq. m, and is hosting foreign companies from Ge

Also attending Iran Plast 2006 opening ceremony, Gholam-Hossein Nejabat, the managin

The goal, he added, will be realized through the operation of polymer productions units u

He noted that polymer products constitute 231,000 tons of annual petrochemical export

Europe, China, India, and southeastern Asian states are the major importers of Iran's pet

Annual refining capacity to increase by 3m barrels by 2011 <br>

Deputy oil minister Mohammad-Reza Nematzadeh said that Iran's oil refining capacity w

Speaking at Iran's annual seminar of oil, gas, and petrochemical exporters held in Tehran

The construction of a gasoline production unit at Abadan, in southwestern province of Kh

The managing director of the National Iranian Oil Refining and Distribution Company (NIO

Moreover, the head of the Majlis (Iranian Parliament) Energy Commission Kamal Daneshy

MP noted that oil, gas, petrochemical, exploration and production require a total investm

"Given that the governmental budget necessary for the investment is insufficient, the pr

On the other hand, the official added, more participation of the private sector calls for re

The attendees at the annual seminar of oil, gas, and petrochemical exporters then voice

-- <br>
Global Info Tech<br>
1504 Iran to share 3% of world's
11/8/2006
petrochemicals by 2008: minister
www.polymerbiz.com

Page 143
News

Oil Minister Kazem Vaziri-Hamaneh said here on Tuesday that the National Iranian Petroc
According to Fars, the minister said at the opening ceremony of the Fifth Iran Plast Intern
The minister pointed out that Iran has the world's second largest gas reserves--a major a
"Other advantages include the vast and dynamic domestic market for petrochemicals, th
He said Iran accounts for 16 percent of regional petrochemical output, adding that the sh
Iran's petrochemical market faces serious price-related challenges as domestic prices sta
It was announced last month that the petrochemical sector has suffered annual losses of
Asghar Ebrahimi, managing director of Iran's National Petrochemical Company (NPC), ha
President Mahmoud Ahmadinejad has tasked a group of four ministers, including Comme
Brokers have reportedly earned huge sums by misusing the discrepancy between the do

-- <br>
Global Info Tech<br>
1505 Petrochem Sales
www.polymerbiz.com
Projected
11/8/2006
At $20b by 2015
Mechanical failure shuts down Wesseling unit. <br><br>

8 November 2006 – A mechanical problem has forced Dow Europe GmbH to close its pol

News Sourse PRW<br><br><br>

-- <br>
Global Info Tech<br>
1506 Dow declares
www.polymerbiz.com
force majeure
11/8/2006
at PP plant
A senior official of Saudi Arabia's SABIC Company noted that his company seeks long-ter
Fahd bin Hamad al-Dabian told Petroenergy Information Network on the sidelines of the
He added that SABIC has special plans for presence in the vast petrochemical market of
The official said SABIC is one of the most important producers of petrochemicals, especia

Global Info-tech<br>
1507 SABIC Seeks
www.polymerbiz.com
Long-Term Presence
### in Iranian Market

Page 144
News

Japan has protested to China over a disputed gas field in the East China Sea after seeing

The row over gas fields in the East China Sea is one of several issues that have chilled tie

An official at Japan's Trade Ministry said that flames had been confirmed at a drilling plat

Japan in August protested activity around the Bajiaoting drilling platform, but China said

Chief cabinet secretary Yasuhisa Shiozaki said that apparent flames, as if gas was being

"We are extremely concerned about this and, upon verification of the flames, have once

Japan fears that energy-hungry China's exploration of the area could tap into resources i

China started pumping natural gas in the Pinghu field in 1999 and Chinese state media i

Shiozaki said both nations had agreed to peaceful and cooperative use of the East China

"Japan, while maintaining our rights to exploration, would like to quickly reach a solution

The trade ministry official said that the next step would be to speed up discussions on th

The Chunxiao oil and gas field, also in the East China Sea, is similarly disputed. Japan, wo

News Sourse<br><br><br>

RUETERS<br><br><br>

Global Info-Tech<br>
1508 Japan protests to China over ###
www.polymerbiz.comgas field

Page 145
News

He would not disclose the purchase price as Polymer is a private company. <br><br>

With the acquisition, the company is renaming itself Polymer Plainfield Companies Inc. It

The addition of Plainfield will diversify the company's product base and alleviate its depe

Founded in 1959, Plainfield makes parts for the automotive, electronics, medical and con

The soon-to-open plant in China, which will initially manufacture electronic products, also

"It was a particular attraction to us because we know we have to go there and this gave

On the other hand, Plainfield has no plants in Mexico while Polymer opened one earlier th

"In the auto industry, the low-cost countries are critical and global strategies are critical,

"Since we've gone to Mexico we've expanded our customer base substantially just becau

Negotiations for the purchase began in early July and were completed late last week in C
Plainfield was targeted because of one of the owners wanted to retire so the company w

"The availability was key, and also they have some strong management skills which we a

Polymer employs 250 people at its 65,000-square-foot facility in Cambridge and will emp

The addition of Plainfield will boost its total workforce to 700. <br><br>

Polymer has 22 customers while Plainfield has about 80, Bell said. <br><br>

The acquisition is another major step for Bell who bought Polymer in 1996, ironically from

"It makes us a global player. It puts us close to the $100 million mark (in revenues), and

NEWS SOURSE<br><br><br>
1509 Polymer doubles its Star
Toronto global presence
###
Newspapers, Ltd<br><br><br>

Page 146
News

The acquisition doubles the size of Polymer's business and will push its annual revenues
Research and Markets () has announced the addition of Chinese Markets for Injection Mo

Historical data (1995, 2000 and 2005) and long-term forecasts through 2010 and 2015 a

Research and Markets () has announced the addition of Chinese Markets for Injection Mo

China's demand for injection molded plastics has grown at a fast pace in the past decade

This report examines China's macroeconomic trends, investment environment, injection

Key producers are profiled. Top Chinese injection molded plastics producers are listed in

Data was collected from Chinese government publications, Chinese language newspaper

NEWS SOURSE<br><br><br>

Business Wire<br><br><br>

1510 Demand for Injection Molded###


Plastics in China will Continue to Grow
Trans Polymar, UK, which is planning a 310,000 tonnes production facility of high-density

Both discussed the polyethylene (PE) project in detail. The company has entered into ag

This plant can meet the entire demand for polyethylene in Pakistan. The production capa

Estimated cost of the project is 400 million Euros (about $480 millions) with debt/equity

1511 UK's Polyethylene


The British
makercompany
eyes
###
$100m
is demanding
exports tariff protection for 10 years for all the items in the PE
ABU DHABI Nov 9 <br><br>

The Higher Corporation for Specialized Economic Zones announced on Monday that it pla

This will be the third among the five industrial cities planned by the corporation in differe

The announcement was made at the ongoing Abu Dhabi International Petroleum Exhibiti

The corporation said it had been greatly encouraged by the successful launch of the two

The Baynouna Petrochemical Industrial City will cover a 60-sq-km area to the east of the

1512 DUBAI TO LAUNCH


(DubaiPhotoMedia)
PETROCHEMICAL
### INDUSTRIAL CITY

Page 147
News

(Nov 8, 2006)<br><br>

BRISTOL -- A new report from AMI Consulting points to the potential for China to continue

End Use Demand for Polypropylene in China 2005 <br><br>

AMI's 225 page review of the polypropylene market in China was based on a large numb

In 2005 68% of PP was used for extrusion applications and 32% for injection moulding re

Exports of products using PP accounted for about 25% of the total Chinese market. In rec

Source: AMI <br><br><br>

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1513 China's Imports of Polypropylene
###Could Rise to 5 Million Tonnes
Crude oil prices rose strongly above 61 dollars a barrel on Thursday amid concern over O

New York's main contract, light sweet crude for delivery in December, rose 1.33 dollars t

In London, Brent North Sea crude for December delivery climbed 1.73 dollars to settle at

The Department of Energy said Wednesday that crude oil inventories rose by 400,000 ba

Traders are now less skeptical of the OPEC's promises to cut production enough to curb

Source: Xinhua
1514 Oil prices rise above 61 dollars
###
Zhenhai Petroleum Refinery and Chemistry Corporation (ZRCC), a subsidiary of China Pe

The new ethylene project will be located in the southern part of the Hangzhou Bay Petro

To be completed in 2009, the facility will be able to produce one million tons of ethylene

Ethylene, one of the major petrochemicals, is used to manufacture ethylene glycol amon

ZRCC is one of the largest producers in China for high-quality clean gasoline, premium d

(MP)<br>

1515 Sinopec launches 1 million-ton


###
ethylene project

Page 148
News

A mechanical problem has forced Dow Europe GmbH to close its polypropylene resins pl

Dow declared force majeure on 7 November and in a written statement said it is doing a

A spokeswoman told PRW.com that only Dow's PP customers are affected and no further

Dow acquired the near 200,000tpa unit from Basell in 2001. <br><br><br>

-- <br>
Global Info Tech<br>
1516 Dow declares force majeure at
www.polymerbiz.com###PP plant
PTT Plc and Bangchak Petroleum Plc have shown interest in buying oil processed from a
The firms yesterday signed a letter of interest with Single Point Energy and Environment
SPEE, a 50-50 joint venture of Single Point Parts and US-based Northern Technologies Int
Meechai Viravaidya, the SPEE chairman, said polymer-based and polypropylene-based p
Of the total output from the process, diesel would make up 50 percent, gasoline 20 perc
According to an SPEE study, Thailand produces plastic waste of five million tonnes per ye
The price of the technology, including full service, has been set at 65 million baht per pro
The investment could break even within four years, according to Mr Meechai. <br><br>
Chaiwat Choorit, senior executive vice-president of PTT said it would distribute petrol ou
Anusorn Sangnimnuan, the president of Bangchak Petroleum, agreed with Mr Chaiwat an
"The technology sounds interesting as it could help reduce waste and imported oil. Howe

News Provided by COMTEX <br><br><br>

-- <br>
Global Info Tech<br>
1517 New venture
www.polymerbiz.com
makes fuel from###
plastic waste

Page 149
News

Oil continued to remain between US$56-61/barel in the week of 5 to 12, November 2006
All commodity polymers with the exception of GPPS and ABS lost in the week of Novemb

OIL<br>
Oil remained range bound between US$56-US$61/barrel in this week. This represents a m

NAPHTHA <br>
Naphtha slipped to US$510/MT in the week of 12, November 2006 due to softening of oil

POLYMER FEEDSTOCKS<br><br>

ETHYLENE<br>
Ethylene price weakened slightly to US$1070/MT due to bearish demand. Weaker oil pric

PROPYLENE<br>
Propylene price remained range bound between US$1115-1125/MT in the week of Novem

EDC<br>
EDC remained stagnant at US$400/MT due to tighter supply in Asia. The less demand of

VCM<br>
The weaker demand of PVC and lowering of PVC prices across the Asian region coupled w

STYRENE<br>
Further drop in price of benzene reduced the price of styrene to US$1200-1220/MT in the

POLYMERS<br><br>

LDPE <br>
The supplies of cheaper cargoes from USA made LDPE slip to US$1250/MT. The weaker d

LLDPE<br>
The weaker demand along with cheaper cargoes from deep sea reduced the price of LLD

HDPE<br>
HDPE price softened to US$1250/MT due to weaker demand in Asia. It is likely to drop fu

PP <br>
The price of PP remained almost static or at the most reduced by US$20/MT and reached

PVC <br>
PVC continued to fall further and reached a level of US$800/MT. Asian processors particu

PS<br>
GPPS remained quiet and maintained the price of US$1290/MT in the week of November

ABS<br>
ABS like GPPS remained static at US$1580-1600/MT No upward or downward movement

Page 150

-- <br>
Global Info Tech<br>
News

All the units of Petrochina's expanded cracker are estimated to be running by the end of

NEWS SOURSE<br><br><br>

PM<br><br><br>

Global Info Tech<br>


1519 PetroChina www.polymerbiz.com
expanded cracker###
start up on schedule
United Arab Emirates<br>
Emirites News Agency<br>
Abu Dhabi's International Investment Company "IPICIPIC" is expecting its current year pr

The refinery was among a number of future ventures that IPICIPIC's Board of Directors di

With an estimated capacity of 200,000 to 300,000 barrels per day, the refinery is expect

Established in 1984, IPICIPIC is wholly owned by the Government of Abu Dhabi and is inv

-- <br>
Global Info Tech<br>
1520 IPIC to buildwww.polymerbiz.com
Pakistani refinery
###
price opened flat at around US$59 on Monday morning, on a lack of fresh news. Oil price
A report by the International Energy Agency has trimmed outlook for 2006 global oil dem

NEWS SOURSE<br><br><br>

PM<br><br><br>

-- <br>

Global Info Tech<br>


1521 Oil prices flat
www.polymerbiz.com
at US$59 at the###
beginning of the week

Page 151
News

NAIROBI, Kenya,<br><br>

Environmentalists attending the climate treaty negotiations in Nairobi today called for an

The environmentalists' appeal follows a report by UN experts that warned that the contin

Last week countries meeting for the ozone layer treaty in New Delhi issued an alarm spe

"We're shooting ourselves in the foot," said Alexander von Bismarck, Campaigns Directo

Pointing to a decision made by Parties to the ozone treaty, the EIA and other environmen

The decision from the ozone treaty meeting calls on the technical experts of the Montrea

The Clean Development Mechanism (CDM) allows industrialized countries to buy emissio

Thus far, the CDM has registered 8 companies that produce HCFC-22 to be eligible for em

In addition to a cap, the EIA is also calling on countries receiving CDM money to use the

"Parties to the Montreal Protocol took an important step to reach out to their colleagues

Discussions are now taking place within the climate treaty about how to address the per

Argentina, which played a key role in developing the decision in New Delhi is active in th

NEWS SOURSE <br><br><br>

US NEWSWIRE<br><br><br>

-- <br>
Global Info Tech<br>
1522 Chemicals Trapped
www.polymerbiz.com
Between ###
Treaties Undermine Progress on Climate
Iran's oil revenues reached nearly $33 billion in the first seven months of the current Ira
The figure shows realization of 130 percent of the figure sought in the national budget fo
Also during the same period, some $28.1 billion was generated by crude exports, a repo
In addition, around $4.3 billion came by the exports of oil products and gas condensates

NEWS SOURSE<br><br><br>

MEHR NEWS<br><br><br>

-- <br>
Global Info Tech<br>
1523 Iran Earns $33b
www.polymerbiz.com
from Oil Sale###

Page 152
News

Lion Chemical Capital is mystery buyer of synthetic rubber businesses. <br><br>

13 November 2006 – Lion Chemical Capital has been revealed as the party involved in ta

Earlier this month (PRW.com 3/11/06) Chemtura announced that a letter of intent to buy

Now it has been revealed that Lion, a synthetic rubber marketer and manufacturer, is th

These businesses have a combined annual turnover of around $300m and Lion said it pla

Lion Copolymer chair, Peter De Leeuw, said: "We think the Chemtura businesses are exc

"All these businesses will be core to our future and will position us to provide exceptiona

"We intend to expand our research and technical service to ensure that customers can c

Chemtura said it wanted to focus on its core businesses and planned to use the proceed

Chemtura chair and CEO, Robert L Wood, said: "We are very happy to be selling these bu

*ethylene propylene diene monomer<br><br><br>

NEWS SOURSE <br><br><br>

PRW <br><br><br>

-- <br>
Global Info Tech<br>
1524 Buyer of Chemtura
www.polymerbiz.com
businesses
###
revealed

Page 153
News

The Indian stock market looks expensive in comparison to others, but there are still som

However, big flows of money from hedge funds in recent months have made the market

"Particularly in a bull market, that's when mistakes happen," said Mark Mobius, who also

"That's when the bad companies come out of the woodwork and investors don't look ver

The index has been boosted by overseas fund investment of more than $7 billion, compa

"Some parts of the market look overdone," Mobius said. <br><br>

India's central bank estimated the economy would grow about 8 per cent in the financial

It also said last week it had to recognise the possibility that Asia's fourth-largest econom

Mobius, however, said emerging markets are in fine fettle. <br><br>

"We are in a sweet spot in emerging markets," said Mobius, who spends more than 200

"There is good growth, foreign exchange reserves are rising and inflation and interest ra

Templeton is invested in Indian oil and gas firms, consumer goods and financial services

"Plus, they pay dividends and there is limited downside because of government ownersh

The state controls explorer Oil and Natural Gas Corp Ltd, refiners Indian Oil Corp, Bharat

Reliance Industries Ltd is independent. <br><br>

Templeton favours consumer goods firms and companies that are ripe for global merger

It also continues to be interested in commodities and is bullish on speciality chemicals. <

"Commodities have come off a bit, but we think you can still make money in them," said

NEWS SOURSE<br><br><br>

-- <br>

Global Info Tech<br>


1525 Indian stocks 'expensive and###
volatile'
www.polymerbiz.com

Page 154
News

LEVERKUSEN -- From January 1, 2007 chemicals group LANXESS will run its operations in

The Managing Director of the new company LANXESS Korea Ltd. based in Seoul will be K

In 2005 LANXESS sales in South Korea totaled approx. EUR 88 million, making the countr

The Asia Pacific region is of central importance for LANXESS. The company achieved gro

This significant development was made possible through the commissioning of new and

To push its expansion plans in Asia forward, LANXESS will employ up to 1,000 new peopl

This news release contains forward-looking statements based on current assumptions an

Source: LANXESS<br><br><br>

-- <br>
Global Info Tech<br>
1526 LANXESS Establishes
www.polymerbiz.com
Separate
###Legal Entity in South Korea
With immediate effect, or as contracts allow, BASF will increase its prices for all acid chlo

Neodecanoyl Chloride - Europe/ROW: €320/t - Asia/NAFTA: $410/t <br>


Pivaloyl Chloride - Europe/ROW: €260/t - Asia/NAFTA: $330/t <br>
Ethylhexyl Chloroformate - Europe/ROW: €170/t - Asia/NAFTA: $220/t <br><br>
These price increases are predominantly necessary due to increasing raw material costs

Acid chlorides and chloroformates are chemical intermediates used to manufacture phar

Source: BASF<br><br><br>

-- <br>
Global Info Tech<br>
1527 BASF Increases
www.polymerbiz.com
Prices for Acid
###
Chlorides, Chloroformates and Related Specialties

Page 155
News

Cincinnati Extrusion GmbH, Vienna, Austria has been a technology leader in the extrusio

The reputation of the Viennese machine manufacturer as one of the most innovative com

Of course this Viennese machine manufacturer's product range also includes counter-rot

SMS GmbH is the holding for a group of companies internationally active in plant constru

Source: SMS GmbH<br><br><br>

-- <br>
Global Info Tech<br>
1528 European Appeal
www.polymerbiz.com
Against Milacron
### Patent
Extem offers easy processing to high-tech processors. <br><br>

15 November 2006 – GE Plastics has unveiled a new family of high performance amorph

The product has been made for the past two years at a pilot plant in the US and is now a

News of the Extem family accompanied details of the company's commitment of some $

1529 Plastics launches


The company
new high
has
performance
###
developed apolymer
30-strong patent position in Extem, which is its first new p
Oman will abandon its retroactive oil export price mechanism and use the new Dubai Me

Oman is one half of the benchmark for over 12 million barrels per day of Middle East oil e

By switching to the DME, Oman would provide an incentive for trading on the exchange

"Oman will adopt forward pricing of its crude oil based on the daily settlement price of th

The oil minister of non-Opec producer Oman said this month the crude contract was set

Oman's current system sets the price of its crude - based on market conditions - after th

"We believe this is one of the most significant developments in the Middle Eastern oil ma

Al Rumhy said MOG would monitor price discovery to ensure the contract was trading in

-- <br>
Global Info Tech <br>
1530 Oman to adopt
www.polymerbiz.com
forward pricing
###on Dubai exchange

Page 156
News

Research group Freedonia has forecast that demand for sterile medical packaging will ex
Inhalers will see above-average growth, Prefillable inhalers will experience the largest gr
Freedonia expects PVC, polyethylene, polypropylene and thermoplastic polyesters to con

News Sourse<br><br><br>

PM <br>

-- <br>
Global Info Tech<br>
1531 US medical www.polymerbiz.com
packaging market###
to grow

Page 157
News

Chandra Asri's 520,000 tonne/y naphtha cracker at Merak, West Java will be closed down

This will raise the unit's capacity for ethylene by around 12% to 70,000 tonnes/y. A 50,00

Source: Chemical Business (India) <br><br><br>

Dow to build Thai cracker<br><br><br>

Dow Chemical plans to build a new 900,000 tonnes/y ethylene cracker at Map Ta Phut in

The $1.18 bn naphtha cracker is a joint venture between Dow Chemical and Siam Cemen

Source: Financial Times Information Limited <br><br><br>

Fourth-quarter prices sliding for PE, PP, PVC<br><br>


AKRON, OHIO -- Commodity resin demand has swooned early in the fourth quarter, takin

Since Oct. 1, PE and PP prices each have slipped an average of 4 cents per pound. PVC p

"Demand is off and the resin companies' cost basis [for higher prices] is off," a Texas-ba

The 4 cent PE drop — affecting all grades of high, low and linear low density PE — comes

Through August, U.S./Canadian sales of LLDPE were up almost 3 percent vs. last year, an

Cash prices for PE feedstock natural gas climbed above $7 per million Btu in early Novem

At the Equistar unit of Houston-based Lyondell Chemical Co., sales of ethylene and deriv

The PP drop of 4 cents comes amid a slowing market for automotive products and major

Regional PP prices had climbed an average of 9 cents per pound since May 1 before the

The late-year drop in PVC demand has been extreme as well. "Things started to slow dow

U.S./Canadian PVC demand through August was down almost 1 percent, according to AP

Sales of PVC and related products at Atlanta-based Georgia Gulf Corp. were up 13 perce

Source: PlasticsNews<br><br><br>

-- <br>
Global Info Tech<br>
1532 Cracker gets furnace: Chandra
###
www.polymerbiz.com Asri

Page 158
News

Refinery based project would use IntegRex technology. <br><br>

16 November 2006 – PET major Eastman Chemical is in discussion with global oil compa

The planned project would integrate Eastman's PET resins back to existing refining econ

The company's new 350,000 tpa PET plant at Columbia, South Carolina, has now begun
1533 Eastman seeks world scale facility
### with global oil player
The UK's Europe-leading performance in the recycling of PVC products was one of the po

Morton's message to delegates to spread the word on the industry's progress was in line

Aimed particularly at the construction and packaging sectors, the event featured speake

"We are all working in a highly dynamic industry, well supported by extensive research a

News Sourse <br><br>


1534 UK exceeds PVC recycling target
###
Metal alkyls plant proposed for Saudi Arabia. <br><br>

Al-Zamil, the Saudi chemicals group, and US multinational Chemtura have agreed to de

The new facility, which would be located in Jubail Industrial City, would serve the growing

Responsibility for sales of the metals alkyls outside of the Gulf Coast Countries would fal

The two companies have worked together before in Saudi Arabia. They are partners in a

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1535 Al-Zamil and Chemtura plan joint
###venture

Page 159
News

WASHINGTON (AFX) - The price of oil sank by more than $2 a barrel Thursday, settling at

These mixed signals help explain why crude futures have settled in a range roughly betw

Even as oil prices fell through the low end of that range Thursday, many analysts remain

'Prices should be rallying,' said Peter Beutel of New Canaan, Conn.-based energy consult

But Michael Guido, Societe Generale's director of commodity strategy, said traders are n

'Too much money has been lost on what-if scenarios,' Guido said, and that has pushed m

Light sweet crude for December delivery fell $2.50 to settle at $56.26 a barrel on the Ne

Another factor influencing Thursday's selloff: the December contract expires on Friday. <

'This is the new pattern for oil trading, it gets weak into expiration,' or as the delivery da

Nymex crude futures for January delivery also fell sharply, settling at $58.57, down $2.15

In its latest weekly report, the Energy Department said Thursday that the nation's invent

Natural gas futures fell after the data were released, dragged down in part by what has s

Nymex natural gas for December delivery slid by 36.5 cents to settle at $7.755 per 1,000

The Organization of Petroleum Exporting Countries last month announced its intention to

Still, some market skepticism persists about how serious OPEC members are about actua

At the same OPEC is trying to tighten up the market, economic growth is slowing in the U

In its monthly oil market report, released Wednesday, OPEC signaled particular concern

In other Nymex trading, gasoline futures declined by 5.25 cents to settle at $1.5296 a ga

On Wednesday, the U.S. Energy Information Administration said in its weekly report that

The EIA reported that demand for distillates over the last four weeks has been the highe

'This week's petroleum data can be interpreted by different analysts to reach totally diffe

Associated Press Writer George Jahn in Vienna, Austria, contributed to this report. <br><

Copyright 2006 Associated Press. All rights reserved. This material may not be published

News Sourse<br><br><br>

AFX News Agency <br><br><br>

Global Info Tech<br> Page 160


1536 Oil prices sink
www.polymerbiz.com
by more than $2
###
a barrel
News

US States News <br><br>

ANN ARBOR, Mich. <br><br>

The University of Michigan issued the following press release: <br><br>

Polymers, large molecules comprised of chains of repeating structures, are used in every

But long polymer chains are subject to breakage, called scission, and a new study by the

This is important for a few reasons, said Michael Solomon, associate professor in the Dep

For the past 40 years, scientists have not understood exactly which forces caused scissio

"This paper understands how they are breaking in a new way that resolves some issues

The experiments that yielded the prevailing scission theories, Solomon said, did not take

Yet, during their own experiments, the U-M team discovered that flow turbulence did ind

The equation they developed can be applied to design flows that break polymers into ce

"When the polymers are working their best the friction can be reduced by 70 percent," C

The research also has implications in the field of gene therapy, allowing scientists anothe

The research is supported by the Department of Defense. It's part of a larger project to e

-- <br>
Global Info Tech<br>
1537 SCIENTISTSwww.polymerbiz.com
FIND NEW WAY TO ###
MANIPULATE POLYMERS, INCLUDING DNA

Page 161
News

Dubai launched the Gulf region's first fuel oil futures contracts last month that could mar

The year-old Dubai Gold and Commodities Exchange began trading the Fujairah 380 CST

But until November 13, no contracts had been traded. <br><br>

"I think the energy market players are still gearing up for this. There is a lot of interest, p

"People have to get their credit lines in place, their procedures in place. That is taking a

Analysts say energy futures contracts sometimes take time to develop liquidity and a fue

Fuel oil, also known as bunker fuel, is used to power ships and plays a key role in the reg

Bunkering accounts for 80 per cent of the fuel oil consumption in the UAE with the Port o

Fuel oil futures with Fujairah delivery, will help oil industry players better protect themse

Industry players currently use the over-the-counter market to hedge price risks and the d

DGCX, the region's only commodities derivatives market, also plans to introduce a gasol

In April, oil producer Oman and the Dubai Mercantile Exchange, a joint venture between

Despite its status as the world's largest hydrocarbon region, the Middle East still lacks a

The sour crude contract, backed by the Omani government, will be physically delivered u

The contract size will be 1,000 barrels and settled daily at the close of the Singapore trad
In September, DME also signed an agreement with the Emirates National Oil Co to devel

-- <br>
Global Info Tech<br>
1538 Oil futures launch
www.polymerbiz.com
may turn Dubai
### into derivatives hub

Page 162
News

Virtually starting negotiations afresh on gas supply to India, Iran Thursday said it was rea

"We are going to offer a new price. If it is accepted, the project would be implemented,"

He said during his meetings with Singh and Mukherjee, the two sides had evolved a mec

The new price will be discussed during a meeting Friday between Mottaki and Petroleum

Iran had last year signed a deal for supply of 5 million tonnes of LNG (Liquefied Natural G

Mottaki, who arrived here on a two-day visit, said the new price mechanism was evolved

The Iranian Minister said he would discuss this mechanism with Petroleum Minister Murli

"Under the mechanism (evolved during meetings Friday), if the new price is not mutually

"I believe there is a possibility of reaching an agreement for supply of five million tonnes

Mottaki said his country had sought revision of prices because of changes in LNG prices

On the proposed Iran-Pakistan-India gas pipeline, the Iranian Minister said he had "conve

Noting that India is looking for secure energy resources, he said Iran is "an independent
On the proposed 7.4 billion dollar Iran-Pakistan-India (IPI) gas pipeline project, Mottaki sa

"The main important point was pricing and based on strong instructions from the leaders

He was referring to the meeting between Prime Minister Manmohan Singh and Iranian Pr

"Iran has given its views on modalities and mechanism to that company," Mottaki said, a

-- <br>
Global Info Tech<br>
1539 Iran offers new price for supplying
www.polymerbiz.com ### 5 MTPA LNG to India
An Oil Ministry official said here on Friday that if the 1.2 million barrels per day (bpd) cut
Javad Yarjani, who is in charge of OPEC affairs at the Oil Ministry, told ISNA that the OPEC
He said that member-states agreed in the recent Doha talks to reduce production quotas
The official further said that all member-states will reduce their crude oil production.
Global crude prices plunged in Asian trade to their lowest level in 17 months Friday as m
Light sweet crude for delivery in December was 21 cents lower at $56.05 a barrel after s
Brent North Sea crude for January delivery declined three cents to $58.51 a barrel after d
The 11-member Organization of the Petroleum Exporting Countries decided last month t

-- <br>
Global Info Tech<br>
1540 More OPEC www.polymerbiz.com
Output Cut Likely###

Page 163
News

SIEGSDORF -- As the leading manufacturer of BOPP films in the Middle East, Dubai based

Commenting on the new investment, Mr. Rashed Saif Al Ghurair, Chairman of Taghleef In

Dr. Detlef Schuhmann, CEO of Taghleef Industries, said: "This investment of a new state

Bruckner's proven track record and competence in both, highest speed lines and lines of

Layout planning and engineering


Planning, delivery and installation of all energy and utility supply systems, incl. mechanic
Storage facilities for raw material <br>
Slitter <br>
Handling of mill rolls and slitted rolls <br>
Packaging and storage incl. final warehouse <br>
Recycling plant with storage of fluff and recycled material <br><br>
With their exciting new production plant and Bruckner at their side, Taghleef is sure to c

Source: Bruckner<br><br><br>

-- <br>
Global Info Tech<br>
1541 Ground Breaking New BOPP Film
###Project for the Middle East
www.polymerbiz.com
Borealis announced that it will increase the price of its polypropylene based products use

"Feedstock, energy and transportation costs have continued to increase throughout 200

Borealis is a leading provider of innovative, value creating plastics solutions. With more t

With an in depth understanding of the value chain and a focus on customer needs, Borea

News Sourse<br><br><br>

Borealis<br><br><br>

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1542 Borealis Increases Price of its###
Polypropylene based Products for European Automotive and Appliance

Page 164
News

advanced packaging market," says David Rolph, Borealis Executive Vice President of Pol

"The expansion of the PP plant will increase the capacity of our Burghausen operations b

Demonstrating the close collaboration between Borealis and OMV, a 35% shareholder of

Borealis is a leading provider of innovative, value creating plastics solutions. With more t

Borouge is a Borealis joint venture with the Abu Dhabi National Oil Company. Its state-of

Borstar is Borealis' proprietary technology supporting differentiated PE and PP products.<

Source: Borealis<br><br><br>

Global Info Tech<br>


1543 Borealis Invests €200 million ###
www.polymerbiz.comin Borstar® Polypropylene Plant in Central Europe
According to the Statistics Department of Malaysia, the country outputted 113,209 tonne

In terms of export, the country exported 98,125 tonnes of natural rubber in September,

In the first nine months, the total production volume of natural rubber in Malaysia amoun

(CYL)<br><br><br>

-- <br>
Global Info Tech<br>
1544 Malaysian rubber
www.polymerbiz.com
production ###
dropped 11.9% in Sep
Saudi Aramco is negotiating to reach an agreement for the memorandum of understandi
The core units of the project are an ethane/naphtha-based cracker, a high olefin fluid cat

News Sourse <br><br><br>

WP <br><br><br>

-- <br>
Global Info Tech<br>
1545 Saudi Aramco to sign MOU with
###
www.polymerbiz.com Dow

Page 165
News

Borealis has announced a price increase for its polypropylene based products for Europe
This increase follows an increase in price of propylene (feedstock), energy and transport

News Sourse <br><br><br>

BOREALIS<br><br><br>

-- <br>
Global Info Tech<br>
1546 Borealis increases
www.polymerbiz.com
price of PP###
in Europe
Saudi Aramco is negotiating to reach an agreement for the memorandum of understandi
The core units of the project are an ethane/naphtha-based cracker, a high olefin fluid cat

News Sourse<br><br><br>

ARMACO<br><br><br>

-- <br>
Global Info Tech<br>
1547 Saudi Aramco
www.polymerbiz.com
to sign MOU with
### Dow
Saudi International Petrochemical Company (Sipchem) plans to invest SR25 billion ($6.67
The new olefins and derivatives complex is planned to have an annual production capaci

-- <br>
Global Info Tech<br>
1548 Sipchem to www.polymerbiz.com
invest US$6.7 bln###
in petrochem complex

Page 166
News

Oil continued to remained price below between US$55-57/barel in the week of 13, to 20
While GPPS was stable, all other commodity polymers reduced in the week of November

All commodity polymers with the exception of GPPS and ABS lost in the week of Novemb

OIL <br>
Oil remained weaker just below US$56-57/barrel. A very weaker declined marginally of o

NAPHTHA <br>
Naphtha gained significant on the demand build up of some derivatives such as benzene

POLYMER FEEDSTOCKS<br><br>

ETHYLENE <br>
Ethylene prices declined by about US$20/MT and reached US$1060/MT. The quiet marke

PROPYLENE <br>
Propylene price also declined along with ethylene price reduction in the week of Novemb

EDC <br>
The sluggish demand from China has made the sentiments weaker. EDC therefore declin

VCM <br>
The weaker sentiment coupled with wait & watch policy of the customers kept the price

STYRENE <br>
The strong price of benzene used in manufacture of styrene monomer was responsible fo

POLYMERS <br><br>

LDPE <br>
LDPE remained stable at US$1260/MT due to quiet market conditions. Deep cargo parce

LLDPE <br>
LLDPE, like LDPE also remained quiet. The price therefore remained stable at US$1250/M

HDPE <br>
HDPE price either remained at US$1250/MT or marginally increased to US$1265/MT on a

PP <br>
The price of PP remained almost static at US$1240/MT as the deep cargo parcels dried u
.

PVC <br>
PVC remained quiet with stability of price at US$800/MT. The market expects December

PS <br>
The increase in the price of styrene monomer did help to increase the price of GPPS by U

ABS <br> Page 167


ABS price declined to US$1580/MT in the week of 20 November 2006 from US$1600/MT
News

(Bangkok Post - McClatchy-Tribune Business News via COMTEX) -- Copyright (c) 2006, Ba

Polyplex (Thailand) Plc, a listed polyester (PET) film maker, wants to become one of the w

The company planned to add more value to its products and increase supply by setting u

It will also focus more on high-margin markets such as Japan where it can sell products a

"We're very strong in the international PET-film market as we are the lowest-cost produc

To achieve its goal faster, Mr Singh said that Polyplex, currently number four in the world

"We won't limit ourselves, as the global market is growing by around 7 percent per year

Polyplex plans to spend US$50 million through its wholly owned subsidiary Polyplex Euro

The second plant is due to start production in 2008. The first PET-film line with a similar

Polyplex Europa is handling additional investments in a PET-resin plant there, scheduled

Mr Singh said that the business model in Turkey was similar to that in Thailand. It would

Polyplex (Thailand), or PTL, is investing in an extrusion-coating project that is due to ope

"It's a good time to invest as the market is still over-supplied. If we invest today, when th

PTL, established 18 years ago, produces three products: PET film (20,000 tonnes per yea

Polyplex Corp in India, the parent firm of PTL, holds a 70 percent stake in the Thai unit. T

From July to September, the second quarter of its 2006 fiscal year, Polyplex posted 75.39

He said profit margins declined due to oversupply and high oil prices. But the firm expec

Polyplex (PTL) shares closed on Friday on the SET at 3.64 baht, up two satang, in trade w

News Sourse <br><br><br>

1550 Polyplex eyesCOMTEX<br>


place in world's###
top three
The turnover of Israel''s plastic industry will grow 5.4 percent in 2006 to $3.53 billion, ac

30 percent of domestic plastics sales are household products, 23 percent are for agricult

Israeli plastics manufacturers have invested $160 million in the planning, development a

News Sourse <br><br><br>

1551 Israeli PlasticsCOMTEX


industry sale to
###
top $3.5b in 2006: Exports of plastics rose 10% to $1.8 billion.

Page 168
News

Dow and BASF mull flexible foam intermediates unit. <br><br>

21 November 2006 – BASF and Dow Chemical are to carry out a joint feasibility study int
The two chemical giants have already cooperated in a plant to produce propylene oxide
Pat Dawson, business vice president of Dow Polyurethanes, says the two partners can cr
Both BASF and Dow have been operating European plants for the manufacture of TDI, wh

News Sourse <br><br><br>

1552 World scale prw<br>


TDI plant under study
###

Page 169
News

During 2006, chemicals business has improved driven mainly by strong domestic deman

NEWS SOURSE<br><br><br>

PM<br><br><br>

Mitsui to close out all futures positions at Singapore unit<br><br>

Mitsui & Co., Japan's second-biggest trading company, has closed out all futures positio
Mitsui Oil (Asia) Pte. Ltd. now holds only physical positions and no positions in futures, in

NEWSSOURSE<br><br><br>

PM<br><br>

Adnoc cuts naphtha premiums for Asian customers <br><br>

Abu Dhabi National Oil Company (Adnoc) has cut premiums by 44% of naphtha destine

NEWS SOURSE<br><br><br>

PM<br>

Mitsui loses US$81 million from its Singapore unit's naphtha-related trading<br><br><

Mitsui & Co. has lost an estimated US$81 million as of Nov. 17, from its Singapore unit's
The Japanese trading house is still investigating the matter and the company has not dec

NEWS SOURSE <br><br><br>

PM<br><br>

China's PP imports to rise? <br><br><br>

Despite investment plans for adding over 6 million tons of new capacity over the next 4

Analysts opine that 6 mln tons going onstream in China shortly will result in a gradual fa
In 2005 68% of PP was used for extrusion applications and 32% for injection moulding re

Page 170
News

By David Vink <br><br>

The new Swiss Plastics fair will take place in Lucerne in January 2008. <br><br>

23 November 2006 – Messe Luzern has announced that it will hold the first ever plastics

Swiss Plastics will take place therefore in the same year as, but well separated from, the

The aim of the new fair is to show as many specialities and innovations as possible as "th

Support for the event has already come from the Swiss KVS plastics industry association

NEWS SOURSE <br><br><br>

PRW<br><br><br>

China's PP imports to rise? <br><br><br>

Despite investment plans for adding over 6 million tons of new capacity over the next 4

Analysts opine that 6 mln tons going onstream in China shortly will result in a gradual fa
In 2005 68% of PP was used for extrusion applications and 32% for injection moulding re

-- <br>
Global Info Tech<br>
1554 Switzerlandwww.polymerbiz.com
to have its own plastics
### fair in 2008

Page 171
News

The DIBOP project has developed a biodegradable plasticizer for PLA <br><br>

– A project, part-funded by the UK government, has developed a biodegradable plasticize

The DIBOP (Development of Inherently Biodegradable Packaging Materials) project at As

The DIBOP project, which has support from the government's Sustainable Technologies I

The modifier is based on a block co-polymer formed between PLA and polyethylene glyco

Dr Allan Amass of Aston University said: "The important thing about these plasticizers is

The project developed a non-toxic replacement for the tin-based catalyst used in the syn

After laboratory trials in the DIBOP project, a full scale system for producing plastic bags

The group said: "With further research the new packaging products could be in the shop

-- <br>
Global Info Tech<br>
1555 UK project develops
www.polymerbiz.com
new biodegradable
### plastic film
Reuters<br><br><br>

Cairo: The Egyptian economy grew at the equivalent of 7.2 per cent a year in the July-Se

Growth in gross domestic product (GDP) had already reached a recent high at 6.9 per ce

Factors<br><br><br>

The main factors driving growth have been the expansion of the natural gas industry sin

The government says it expects foreign direct investment (FDI) in Egypt to rise to betwe

But much of that is in the form of sales of state assets to foreign investors rather than in

Prime Minister Ahmad Nazif said in September that the government hoped to keep GDP

Finance Minister Yousuf Boutros-Ghali said his estimate for this financial year was 7 to 7.

GULFNEWS<br><br><br>

Global Info Tech<br>


1556 Egypt growth
www.polymerbiz.com
picks up in July-September
###

Page 172
News

Page 173
News

A deal for China's Sinopec to develop Iran's Yadavaran field

Iran<br><br><br>

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1558 Yadavaran Oilfield Development
###Agreement
Page 174 Finalized with China
News

A project, part-funded by the UK government, has developed a biodegradable plasticizer


The DIBOP (Development of Inherently Biodegradable Packaging Materials) project at As

The DIBOP project, which has support from the government's Sustainable Technologies I

The modifier is based on a block co-polymer formed between PLA and polyethylene glyco

Dr Allan Amass of Aston University said: "The important thing about these plasticizers is

The project developed a non-toxic replacement for the tin-based catalyst used in the syn

PRW<br><br><br>
-- <br>
Global Info Tech<br>
1559 UK project develops new biodegradable
###
www.polymerbiz.com plastic film
Toshiba has developed a printer that works on plastics paper – PET is the polymer emplo

Quoted by the BBC, Toshiba TEC Europe spokesman Mike Keane said a sheet of the plas

The system uses a heat sensitive coating on the PET film, which becomes white or black

The printer, designated B-SX8R, generates much less carbon emission than laser printer

Launched in Japan this year, the model is unlikely to come to Europe before 2008.<br><

-- <br>
Global Info Tech<br>
1560 Printer can www.polymerbiz.com
use plastics paper###
Carbon fibre composites are forecast to grow to a value of $13.6bn by 2010, an increase
The group says in a new report that the global carbon fibre industry is poised to enter a

It said carbon fibre composites offer benefits such as light weight, high strength, corrosio

The industry produces 27,000 tonnes of carbon fibre tow globally, but demand will grow

The new capacity will generate price reductions, which should stimulate opportunities fo

In 2006, worldwide carbon fibre consumption was geographically divided between Europ

-- <br>
Global Info Tech<br>
1561 Carbon fibrewww.polymerbiz.com
composites market### may see new spurt
Plastics closures across Europe are going up in price in January as one of the world's larg
GCS says its customers should expect 'up to double digit percentages' on some produ
British Rubber & Plastic Industry<br><br><br>
-- <br>
Global Info Tech<br>
1562 GCS to raisewww.polymerbiz.com
closures prices in
###
January

Page 175
News

A deal for China's Sinopec to develop Iran's Yadavaran field

Iran<br><br><br>

-- <br>
Global Info Tech<br>
1563 Yadavaran Oilfield
www.polymerbiz.com
Development
###Agreement Finalized with China
Page 176
News

Page 177
News

Reuters<br><br>

Cairo: The Egyptian economy grew at the equivalent of 7.2 per cent a year in the July-Se

Growth in gross domestic product (GDP) had already reached a recent high at 6.9 per ce

Factors<br><br>

The main factors driving growth have been the expansion of the natural gas industry sin

The government says it expects foreign direct investment (FDI) in Egypt to rise to betwe

But much of that is in the form of sales of state assets to foreign investors rather than in

Prime Minister Ahmad Nazif said in September that the government hoped to keep GDP

Finance Minister Yousuf Boutros-Ghali said his estimate for this financial year was 7 to 7.

GULFNEWS<br><br><br>

Global Info Tech<br>


1565 Egypt growth picks up in July-September
www.polymerbiz.com ###
The DIBOP project has developed a biodegradable plasticizer for PLA <br><br>

– A project, part-funded by the UK government, has developed a biodegradable plasticize

The DIBOP (Development of Inherently Biodegradable Packaging Materials) project at As

The DIBOP project, which has support from the government's Sustainable Technologies I

The modifier is based on a block co-polymer formed between PLA and polyethylene glyco

Dr Allan Amass of Aston University said: "The important thing about these plasticizers is

The project developed a non-toxic replacement for the tin-based catalyst used in the syn

After laboratory trials in the DIBOP project, a full scale system for producing plastic bags

The group said: "With further research the new packaging products could be in the shop

-- <br>
Global Info Tech<br>
1566 UK project develops
www.polymerbiz.com
new biodegradable
### plastic film

Page 178
News

NTDA warns of threat from single logistics suppliers. <br><br>

The chairman of the National Tyre Distributors Association's Tyre Wholesalers Group (TW

Ashley Croft, a director with Micheldever Tyre Services, said at a lunch last week hosted

Croft said for wholesalers this is potentially the greatest threat they have experienced in

He argued that wholesalers are able to deliver a number of different brands to small-size

On the subject of pricing, Croft said that the UK is "bombarded" by cheaper prices from b

In terms of moving forward, Croft had a clear message for the manufacturers present: "W

PRW<br><br><br>
-- <br>
Global Info Tech<br>
1567 Tyre wholesalers
www.polymerbiz.com
in UK fear logistics
### changes
The first private petrochemical unit in the country is due to

IRAN<br><br><br>

-- <br>
Global Info Tech<br>
1568 Private Petrochem
www.polymerbiz.com
Complex ###
Coming on Stream

Page 179
News

Deputy head of Chabahar Free Trade Zone (CFTZ) for investment

Iran<br><br><br>
Global Info Tech<br>
1569 Chinese Team
www.polymerbiz.com
in Chabahar ###
Borouge, the leading provider of innovative plastic solutions, announced that it has awar

The value of the contract is approximately USD 1.3 billion and is awarded on a lump sum

This award is the first step in Borouge 2, the major expansion project being undertaken b

Borouge 2 is a key part of Borouge's strategy for growth, tripling its production capacity

As well as the ethylene cracker, the Borouge 2 project comprises the world's biggest ole

In addition, it will include a general Utilities and Offsite package. The award of the above

The new expansion will be located next to Borouge's existing petrochemical complex in R
Borealis is a leading provider of innovative, value creating plastics solutions. With more t

Borouge is a Borealis joint venture with the Abu Dhabi National Oil Company. Its state-of

Borstar is Borealis' proprietary technology supporting differentiated PE and PP products.

Source: Borealis<br><br><br>

-- <br>
Global Info Tech<br>
1570 Borouge Awards
www.polymerbiz.com
Approximately
###USD 1.3 billion Borouge 2 Cracker (EU2) Contract to Linde Engineeri

Page 180
News

Second phase of Parsian Refinery will be put into operation in

-- <br>
Global Info Tech<br>
1571 Phase II of www.polymerbiz.com
Parsian Refinery operational
### in Dec

Page 181
News

Iran's Petroleum Minister Kazem Vaziri Hamaneh and his Iraqi

-- <br>
Global Info Tech<br>
1572 Iran, Iraq Discuss Oil Cooperation
###
www.polymerbiz.com

Page 182
News

By Keith Boi <br><br>

A production plant may follow on from the sales office. <br><br>

30 November 2006 – PolyOne has announced plans to set up a liaison office in Mumbai,

Ludovic Tonnerre, PolyOne's business development director for Asia, said the new local o

A full range of PolyOne's engineered plastics, TPE compounds, non-halogen materials as

In addition, PolyOne is considering the setting up of a local production base in India as pa

"With an overall growth in plastics of 8-10% in India, customer demand in some regions

Key markets for PolyOne in India include the electrical, automotive, packaging and wire a

PRW<br><br><br>
-- <br>
Global Info Tech<br>
1573 PolyOne establishes Indian office
www.polymerbiz.com###
The UK company is planning an expansion at its Oldham facility. <br><br>

30 November 2006 – PVC recycler Shredtec Recyclers is planning to expand its Oldham f

A proposed purpose-built plant on a three-acre site adjoining Shredtec's existing operatio

The new facility will be capable of processing whole PVC window frames. It has recycling

Shredtec is hoping to gain funding from the Construction Waste Recycling Infrastructure

Recycling of PVC profiles and window frames has been increasing in the UK as the constr

As well as taking deliveries at its Oldham plant, Shredtec is working with PVC Group to p

Shredtec managing director Ian Murray said: "With demand so great for PVC recyclate an

-- <br>
Global Info Tech<br>
1574 Shredtec towww.polymerbiz.com
recycle whole PVC
###
window frames
Rompetrol Petrochemicals expects growth in next years' turnover by 40%, due to moder

Rompetrol has an planned extensive investment of Euro 320 million over the next three

Source: PlasticNews <br><br><br>

-- <br>
Global Info Tech<br>
1575 Romania - Major
www.polymerbiz.com
expansion plans
###at Rompetrol Petrochemicals

Page 183
News

All PE as well as PP gained by US$15/MT while PVC remained dull and static. GPPS & ABS

OIL <br><br>

Oil stable US$58-59/barrell. One of the possible reason is that US is experiencing warme

NAPHTHA <br><br>

Naphtha again lost heavily due to sharp decline in oil price & reached US$53o-535/MT in

POLYMER FEEDSTOCKS <br><br>

ETHYLENE <br><br>

Ethylene price decreased by about US$10/MT and reached US$1050-1060/MT despite str

PROPYLENE <br><br>

Propylene remained stagnant at US$1100/MT because the customers were not willing to

EDC <br><br>

There was no change in the price of EDC in the week of November 20, 2006. It remained

VCM <br><br>

VCM remained quiet in the week of 20 November 2006 with no change in the price that r

STYRENE <br><br>

The higher price of benzene used in manufacture of styrene monomer could not affect th

POLYMERS<br><br>

LDPE <br><br>

An increased demand of PE from China made price of LDPE to rise to US$1275/MT. The s

LLDPE <br><br>

LLDPE like LDPE also increased in price from US$1250/MT to US$1265/MT in November 2

HDPE <br><br>

Sudden demand surge from China was responsible for HDPE to go up from US$1260/MT
Page 184
PP <br><br>
News

It might be the homemaker's dream: a machine that will dry and iron clothes in one unit

-- <br>
Global Info Tech<br>
1577 Fagor Uses www.polymerbiz.com
BASF Specialty
12/2/2006
Plastic in New Household Appliances
State owned Indian Oil Corporation (IOC), in line with its plans to becoming an integrated

This plan encompasses new standalone units to utilise product streams from IOC's existi

Source: PlasticNews <br><br><br>

-- <br>
Global Info Tech<br>
1578 IOC plans Rs
www.polymerbiz.com
30,000 crore
12/2/2006
investment in petrochemicals by 2011-12
Haldia Petrochemicals Ltd (HPL) is planning to set up its second naphtha cracker unit by

HPL is getting the power from HPL Cogeneration Ltd. The company is expanding the cap

Source: Financial Times Information Limited <br><br><br>

-- <br>
Global Info Tech<br>
1579 India - Haldia
www.polymerbiz.com
Petrochem 12/2/2006
to go ahead with Naphtha cracker unit plan
On 8 Oct 2006 Repsol YPF bought Borealis Polimeros Lda, owner of the petrochemicals c

The purchase is included in Repsol YPF's strategic plan and enables the company to deve

Plans include the construction of facilities with the capacity to produce 300,000 tonne/y

Source: Financial Times Information Limited <br><br><br>

-- <br>
Global Info Tech<br>
1580 Repsol YPF www.polymerbiz.com
buys Sines complex
12/2/2006

Page 185
News

BASF is working on opening up a new avenue in its renewable polymer portfolio with a re

"PHB, a semi-crystalline polyester, is the only naturally occurring polymer suitable for po

The material's property profile lends itself to blending with another polymer, the compan

"Moreover," Dr Schneller continued, "by adding suitable substrates to the nutrient solutio

BASF has previously announced that it is combining its Ecoflex material with PLA in its Ec

Source: PRW<br><br><br>

-- <br>
Global Info Tech<br>
1581 BASF pursues
www.polymerbiz.com
another route
12/4/2006
to renewables
PolyOne has announced plans to set up a liaison office in Mumbai, India, to strengthen it

Ludovic Tonnerre, PolyOne's business development director for Asia, said the new local o

A full range of PolyOne's engineered plastics, TPE compounds, non-halogen materials as

In addition, PolyOne is considering the setting up of a local production base in India as pa

"With an overall growth in plastics of 8-10% in India, customer demand in some regions

Source: PRW<br><br><br>

-- <br>
Global Info Tech<br>
1582 PolyOne establishes
www.polymerbiz.com
Indian
12/4/2006
off
Stagnation in global demand is inhibiting polystyrene market growth, says CMAI in a new

The US research group said the annual average demand growth rate for polystyrene was

CMAI said: "Regionally, there is further concern about the slowing of demand growth in C

In contrast, expandable polystyrene has experienced strong global demand with an aver

China accounted for one-third of global EPS demand this year and its growth is likely to c

Source: PRW<br><br><br>

-- <br>
Global Info Tech<br>
1583 Slow polystyrene
www.polymerbiz.com
demand 12/4/2006
forecast to continue

Page 186
News

KINGSPORT, Tenn. -- Eastman Chemical Company (NYSE:EMN) announced it has complet

Included in the sale are three polyethylene manufacturing units, an Epolene facility, all o

Eastman manufactures and markets chemicals, fibers, and plastics worldwide. It provide

Source: Eastman Chemical Company<br><br><br>

Global Info Tech<br>


1584 Eastman Completes Sales
12/4/2006
of Polyethylene Business to Westlake
www.polymerbiz.com
BRUSSELS -- Crude oil production in the European Union dropped by 10.4% in 2005 with

Net exports of the UK have strongly declined over the last years. <br><br>

For the first time the UK imported more crude oil than it exported. <br><br>

On the other hand imports of petroleum products into the EU rose by 10%. <br><br>

Compared to 2004, net EU-25 imports of crude oil and petroleum products increased by

Russia was the biggest exporter of crude oil to the EU in 2005 with 184 million tons follo

The biggest importer of Iranian crude oil in the EU in 2005 was Greece with 27%, followe

Estonia, Latvia, Luxembourg and Slovenia rely totally on imports of oil products as no ref

Ireland receives three quarters of its crude oil from Norway. <br><br>

Slovakia (100%), Hungary (98%), Lithuania (97%), Poland (95%) and Finland (81%) are s

Around a third of the EU exports of petroleum products, about 30 million tons, goes to th

Above all motor spirit and residual oil are exported in the USA. <br><br>

The share of motor spirit rose strongly compared with the previous year, from 12 million

This corresponds to an increase of 38% and is due to the impacts of the hurricane "Katrin

A significant growth of EU exports of petroleum products is recorded to Singapore with a

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1585 Crude Oil Production in 12/4/2006
EU Drops by 10%

Page 187
News

Indian Petrochemicals Corporation (IPCL) plans to invest Rs 350 crore to expand its petro

- Ethylene capacity in the Baroda cracker to increase by 12,000 tons<br><br>


- Poly-butadiene rubber capacity to increase by 6,000 tpa<br><br>
- Installation of a fourth spinning machine in its acrylic fibre unit at Baroda, to raise capa
- Expansion of gas cracker capacity at Gandhar. <br><br>

The fresh expansion plans come after IPCL completed various projects to enhance capita

IPCL in 2005-06 has completed four years of operations under the management of Relian

Source: Plastemart <br><br><br>

-- <br>
Global Info Tech<br>
1586 IPCL to invest
www.polymerbiz.com
Rs 350 crore
12/4/2006
to expand ethylene, gas cracker capacity
Iran's production share from giant gas field of South Pars has reached to equal measure

Phases 1-5 at South Pars (SP) gas field are currently producing 5 billion cubic meters of

Torkan described Iran's status in Middle East 'adequate' as far as hydrocarbon reserves a

-- <br>
Global Info Tech<br>
1587 Iran equalizes production
12/4/2006
from SP with Qatar
www.polymerbiz.com

Page 188
News

DUBLIN -- Research and Markets has announced the addition of European Markets for Pla

Colourants consist of pigments and dyes which are used to impart colour on a plastic sub

This Frost & Sullivan research service titled European Markets for Plastic Colourants prov

Market Sectors<br><br>

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this

Classic organic pigments <br>


High-performance organic pigments <br>
Organic plastic dyes <br>
Inorganic plastic pigments.<br>
Market Overview<br><br>

Growth in the HDPE and PET Sectors to Contribute to Market Expansion<br><br>

In recent years, several sectors of the European manufacturing industry have shifted the

The plastics market is growing in the European Union (EU) in virtually every sector of the

Growth of the Plastics Market to Propel Greater Demand for Plastic Colourants<br><br>

To a large extent, expansion of the European plastic industry is driving the plastic colour

Competition for sales has largely been on a price basis as the degree of innovation in the

Source: Research and Markets<br><br><br>

-- <br>
Global Info Tech<br>
1588 Growth of the
www.polymerbiz.com
Plastics Market
12/4/2006
to Propel Greater Demand for Plastic Colourants - European Markets fo

Page 189
News

The weakening dollar is increasing the chances of a cut in output by oil producers' group

The weakening dollar is increasing the chances of a cut in output by oil producers' group
On Monday the dollar hit a 20-month low against both the euro and the pound, denting t

Experts believe most Opec members want another reduction in oil quotas, after opting fo

The 1.2 million barrel-a-day cut was the first in two years. <br><br>

'Soft dollar' <br><br>

Ministers opted for the cut - which came into effect in November - to help stabilise prices

But prices have since rebounded. In early afternoon trade US light, sweet crude was at $

We cannot ignore the extremely soft dollar amongst other factors <br><br>

Edmund Daukoru, Opec president <br><br>

Despite recent rises, most officials from Opec countries are supporting a further cut in ou

They are concerned about the dollar, which has been steadily falling on the back of fears

"Opec is in the process of taking up the challenge of a market that is clearly and steadily

While Opec is not seeking a specific oil price, Mr Barkindo said the value of the dollar wa

"We cannot ignore the extremely soft dollar amongst other factors" said Edmund Daukor

But he added that oil stocks were "very high". <br><br>


1589 Weak dollar makes Opec12/5/2006
cut likely
An output cut, if approved by consensus of other OPEC members, will not meet oppositio

-- <br>
Global Info Tech<br>
1590 Kuwait to support
www.polymerbiz.com
output12/5/2006
cut by OPEC

Page 190
News

With effect from March 1, 2007, Dow Chemical Company will terminate Ashland Distribut
The impact of this decision on a plastics distribution contract Ashland has with Dow in Eu

NEWS SOURSE <br><br><br>

PM <br>

-- <br>
Global Info Tech<br>
1591 Dow to terminate supply12/5/2006
agreement with Ashland Distribution
www.polymerbiz.com
Acting as a joint lead manager and Joint Bookrunner for Sabic Europe BV, the European s
The capital raising follows Sabic's groundbreaking SR3 billion domestic Islamic bond (Suk

NEWS SOURSE<br><br><br>

PM <br><br><br>

-- <br>
Global Info Tech<br>
1592 HSBC raiseswww.polymerbiz.com
€2 bln in debt
12/5/2006
for Sabic Europe
Basell has successfully completed an expansion of its catalyst manufacturing facility loca

-- <br>
Global Info Tech<br>
1593 Basell expands
www.polymerbiz.com
catalyst12/5/2006
plant in Ferrara, Italy

Page 191
News

Punj Lloyd Group (BSE:532693), global infrastructure services provider, has bagged a lar

The Low Density Polyethylene (LDPE) plant is to be built at Map-Ta-Phut site of PTT PE, a

However, financial details regarding the contract were not mentioned. <br><br>

The contract was signed by UK-based Simon Carves, a member company of the Punj Lloy

This plant would be the 36th high pressure polyethylene plant of this type to be execute

Simon Carves is an established international contractor with more than 100 years of exp

The track record of a group company of Punj Lloyd, Sembawang Engineers and Construc

Recently, Punj Lloyd had entered into a joint venture with Swissport International, a glob

(PTI) <br><br><br>

-- <br>
Global Info Tech<br>
1594 INDIA'S PUNJ LLOYD GROUP
12/5/2006
TO SET UP POLYETHYLENE PLANT IN THAILAND
www.polymerbiz.com
Great United Petroleum Holdings Company Limited (GUPC), on behalf of China, has start

A memorandum of understanding (MOU) has been signed by the Board of Investment (B

To this effect, the government has allocated 12,500 acres of land in Gwadar, which will b
In the first three years, the refinery will be able to refine 10.5 million tpa of oil. In the firs

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1595 Chinese company commences
12/7/2006
work on feasibility study of petrochem project in Gwadar,
Expectations of further production cuts by OPEC along with reports of violence in Nigeria
Organization of Petroleum Exporting Countries (OPEC) members have been pressing for

On the demand side, forecasts of warmer weather in the United States next week, kept b

--
Global Info Tech
1596 Oil prices rise,
www.polymerbiz.com
but continue
12/8/2006
to linger around US$62

Page 192
News

Compounding and colour are on the company's Asian agenda. <br><br>

8 December 2006 – Bayer MaterialScience, which took market leadership in polycarbona

The company plans additional compounding plants to be built in China and India and will

Southern China will be the location of the new compounding unit with a Color Competen

BMS now boasts polycarbonate capacity of 1.2 million tpa worldwide, having added 170,

Uerdingen, in Germany, is the company's largest site at 330,000tpa, followed by Map Ta

News Sourse<br><br><br>

PRW<br><br>

-- <br>
Global Info Tech<br>
1597 Bayer MaterialScience
www.polymerbiz.com
keeps
12/8/2006
up polycarbonate drive
Global demand for conductive electronic polymer products is slated to expand by 14.5%
Currently, the industry heavily relies on plastic as low-cost solution for thermal managem

The ongoing trend toward miniaturization and the consequent demand for high-performa

Moreover, thermally conductive thermoplastics are also eyed as alternatives for aluminiu

News Sourses<br><br><br>

PM<br><br>

-- <br>
Global Info Tech<br>
1598 Demand forwww.polymerbiz.com
conductive 12/8/2006
electronic polymer products to grow globally
Sales joint venture to be formed with Plastic-Centre by end 2006. <br><br>

11 December 2006 – Ningbo Haitian Group says that it is aiming for market leadership in
Ningbo Haitian says that it will form a sales, technical and service joint venture with Plas
Plastic-Centre is a company with several years of sales and service experience with Haiti
Alexander Dokouchaev will be CEO of the new company and Hu Bo will be CTO. Bo has e

NEWS SOURSE<br><br><br>

1599 Haitian seeks lead


PRWin Russia and
###former CIS countries.

Page 193
News

Oil prices have risen above $63 a barrel after the president of the Opec producers' carte

Opec's 11 members meet next week and are poised to trim production again after Octo

Prices were also boosted by threats of more violence from Nigerian militants, who are ta

US crude rose $1 to $63.53 by 1350 GMT and Brent crude rose $1.20 to $63.78. <br><b

Opec members, which include Saudi Arabia, Iraq, Venezuela, Nigeria and Iran, have been

One key factor has been the fact that countries are holding higher stocks of oil than usua

Oil producers have also been hit by the steady decline in the value of the dollar, in which

Prices have rebounded somewhat since production was trimmed, but most officials are s

NEWS SOURSE <br><br><br>

BBC
1600 Oil rises as production cut looms
###
1. The plant is currently running below capacity- at about 50% capacity but it will be max

The unit, which commenced operations a day earlier than planned, also underwent a we

unexpected technical problem. It continued running at low rates before the December sh
1601 South Korea's
also
SKwent
Corp.
through
has restarted
###
a 34-dayoperations
planned turnaround
at its 620,000
to raise
tpa No.
its capacity
2 naphthaincracker
late August.
after a pla
Bayer MaterialScience AG is steadily increasing polycarbonate production at its various
An investment outlay of around EUR 80 mln has been earmarked by the company to be
A Color Competence Center (CCC) is to be built at the compounding plant in Shanghai, in
A compounding plant with an integrated Color Competence Center is to come into opera
Under planning is an investment in Bayer MaterialScience's new site in New Delhi, to com
Bayers' existing successful network of existing compounding plants with integrated Colo
1602 Bayer steadily increasing polycarbonate
### capacity
The Dammam7 Petrochemical Company recently signed an agreement with two multina

Badr Abdulaziz Kanoo, chairman of the board of directors of the Dammam-based Damma

The chairman also acknowledged the support offered by the Royal Commission for Jubail

Kanoo said the Dammam7 concluded earlier several agreements with some companies f

The company's products, particularly propylene, play a significant role in the petrochemi
1603 Dammam7 Signs Deal With 2###
Firms

Page 194
News

High prices on most major commodity resins will continue through 2007, triggered mainl
Polyethylene<br><br>
With Asia expected to be the region of highest demand growth uptil 2015, the potential f
Ethylene prices are estimated to increase through 2007 due to an increase in the averag
Polypropylene<br><br>
Operating rates for olefins and polyolefins (PO) are currently high, with low inventories in
A downturn is projected to begin in 2009, triggered by an influx of material when the new
The global demand for polypropylene (PP) reached an estimated 65 million tons in 2005,
On the supply side, the Middle East is projected to become the major supplier of PP in th
Poly Vinyl Chloride<br><br>
High prices of PVC can be attributed to escalating energy costs. In 2007, energy costs ar
But demand for PVC in North America is expected to decrease, due to overseas pressure
In 1980, Asia accounted for 21% of the total global capacity of 36 million metric tons for
Styrenics<br><br>
Prices for polystyrene (PS) are predicted to remain high and volatile throughout 2007. Th
The cost of PS, however, is influenced by the monomers used to produce it, hence price

NEWS SOURSE<br><br>

1604 Polymer resin outlook


PM<br> 2007 ###

Page 195
News

Oil gained sharply and attained US$61-62/barel in the week ending December 8, 2006. A
Naphtha also rose sharply due to sharp rise in the price of oil price. However the higher p
Oil price coupled bring uncertainty in the price of feedstocks as well as commo0dity poly

OIL<br><br>

Oil price bounced back very sharply to US$61-62/barrel due to very cold winter in the Ea

NAPHTHA <br><br>

Naphtha rose very steeply to US$583/MT due to very sharp increase in oil price. Since th

POLYMER FEEDSTOCKS<br><br>

ETHYLENE <br><br>
A sharp gain in the price of oil did not permit the price of ethylene to go up because of w

PROPYLENE<br><br>

Propylene also followed ethylene and remained unchanged at US$1100/MT in the first w

EDC <br><br>

EDC remained static at US$400/MT in the first week of December 08, 2006, as the custo

VCM <br><br>

VCM price was declined marginally by US$5/MT in the week of December 04 2006. Chine

STYRENE <br><br>

An increase in the price of oil coupled with a sharp increase of price by US$30/MT of ben

POLYMERS<br><br>

LDPE <br><br>

LDPE price firmed up to US$1290/MT in the week of December 08, 2006. This was due to

LLDPE <br><br>

LLDPE prices, unlike that of LDPE remained stable at US$1280/MT in the week of Decem

HDPE <br><br>
Page 196

willing to pay higher resulting in no change in the price of HDPE at US$1290/MT. The sup
News

Plastic doors and windows, and plastic pipes have been included in the first list for the pr

According to list, plastic doors and windows will be bought from Royal Building Systems(

For plastic pipes for construction use, they will be sourced from Foshan Rifeng Enterprise

Source: Plastic2456
<br><br><br>--
<br>Global Info Tech<br>
1606 Chinese Government
www.polymerbiz.com
procures
###
green plastic building materials

Page 197
News

Tyre manufacturer Bridgestone Australia Ltd has moved to privatise its operations after

Bridgestone has flagged a $50 million buy-back of the minority shareholding in the tyre m

If successfully, the company will become a wholly-owned subsidiary of major shareholde

Bridgestone executive director of finance Andrew Moffat said the company could be a m

"We believe there are benefits as a private company, it gives us flexibility over the opera

"As a public company the disclosure requirements are quite stringent, and it is not good

"We can do away with that aspect, which is our objective."<br><br>

Bridgestone said continuing competition and cost pressures in the Australian automotive

Minority shareholders hold about 14.5 million shares while majority shareholder Bridgest

Bridgestone is offering $3.40 a share, which comprises a return of capital of 50 cents and

Shares in Bridgestone surged $1.36 or 49.45 per cent after the news, to close at $4.11 o

Mr Moffat said the increasing share price is a positive and shouldn't make the transaction

"The market is factoring in the value of the franking credits, so if people go and buy the

Bridgestone has appointed Lonegran Edwards & Associates to prepare an independent e

The report is expected to be complete within the next two weeks.<br><br>

John Spalvins, the second largest of the minority shareholders, said the proposal appeare

"This is most welcome, it certainly has been a long time coming after several years of sh

"Unfortunately, however, what it does not properly reflect is the underlying value of the

"The company's net tangible asset backing would now be above $5 per share."<br><br>

Mr Spalvins holds about 1.5 per cent of the tyre maker through his company Gaulfo Pty L

If the transaction is successfully, Bridgestone will delist at the end of May 2007.<br><br

Bridgestone posted a net profit of $3.26 million for the first half of calendar 2006, down

Bridgestone listed on the Adelaide Stock Exchange under the banner of South Australian

Source:Ninemsn<br><br><br>
-- <br>
Global Info Tech <br>
1607 Bridgestonewww.polymerbiz.com
seeking to privatise
###

Page 198
News

Slow trading amid mixed signals from OPEC officials about the possibility of production c
Uncertainty shrouds the market about OPEC's meeting on Thursday, as some OPEC offici
Expectations of milder temperatures in the United States also weighed on prices. Tempe

Source:Plastmart<br><br><br>

-- <br>
Global Info Tech<br>
1608 Oil prices dip below US$62 a ###
barrel, ahead of OPEC meet
www.polymerbiz.com
Metabolix and ADM get clearance to build PHA facility in US. <br><br>

A major commercial manufacturing facility for polyhydroxyalkanoate (PHA) has received

Metabolix, the US company that manufactures PHA under the tradename Natural Plastic,

The proposal was announced at the beginning of this year (PRW 17 February 2006), but

PHA plastics are produced using a fermentation process that converts corn sugar into co

Source:PRW<br><br><br>
-- <br>
Global Info Tech<br>
www.polymerbiz.com
1609 Bioplastics plant gets green light
###
By John Whitehead <br><br>

Family retains stake in the business. <br><br>

Europackaging, the Birmingham-based film and bag maker and distributor, has been so

With sales of some £200m, Europackaging is a leading supplier of both plastics and pape

No price for the deal with MidOcean has been divulged but the FT speculates that the fig

MidOcean, a transatlantic private equity player already owns Bezier, a major point-of-sal

Source:PRW<br><br><br>

-- <br>
Global Info Tech<br>
1610 Retail bag giant
www.polymerbiz.com
sold to private
###equity firm
Honam Petrochemical intends to temporarily close its naphtha cracker in Yeochun, South

The cracker churns out 720,000 tonnes/y of ethylene and 360,000 tonnes/y of propylene

1611 South KoreaSource:


- Equipment delays
Financial ###cracker
Times outage Limited <br>
Information

Page 199
News

The Middle East's share of planned capacity expansions in 2008 is expected to be modes

The Middle East is expected to maintain its competitive edge despite rising gas costs, be
<br><br>
Governments are expanding the range of downstream investments to products such as p

However, construction works at some plants in Iran are being delayed, with National Petr

1612 Middle EastSource:


- Petrochemical
Financialindustry
###
Times Information Limited
Lotte Daesan Petrochemical based in South Korea is boosting its cracker and downstream

Capacity for linear low density polyethylene (LLDPE) will increase from 160,000 tonnes/y

1613 South KoreaSource:


- Lotte Chemical
Daesan plans
###
Business
cracker
(India)
expansion.
DUBAI -- The petrochemical sector in the Middle East is poised to capture a significant po

According to Hamad Al-Terkait, Vice Chairman of Gulf Petrochemicals and Chemicals Ass
<br>

"The GCC is expected to contribute more than 60 million metric tonnes of petrochemical
<br><br>

Mohamed Al Mady, Vice Chairman and CEO of SABIC, who has been elected as the first C

Al Mady said there is significant liquidity in this market place for project finance which gi
<br><br>

He said the first annual conference of Gulf Petrochemicals and Chemicals Association in
<br><br>

Thomson Financial estimates that the EMEA region accounted for 63.7 per cent or $56.6
<br><br>

In the first half, while the power sector remained industry leader, the petrochemical sect
<br>

Within the GCC, new and ongoing liquefied natural gas projects are gobbling up huge am

Qatar's Minister of Economy and Commerce Shaikh Mohamed bin Ahmed bin Jassim Al T
<br>

According to figures from Taylor-DeJongh, a merchant-banking firm specialising in the en

News Sourse<br>

Khaleej Times <br><br><br>

1614 Mideast project finance doubles


### to $70 billion
1615 Oil below $53
ThebyWorld
2008Bank predicts
### oil prices will ease to $56 a barrel in 2007 and drop below $53 i

Page 200
News

United Arab Emirates:<br><br><br>


1616 GCC, 60m tonnes of petrochems
The GCC ###
is expected to contribute more than 60m tonnes of petrochemicals to the world
access to feedstock, access to the latest technology, and strategic location at the interse

Mohamed Al-Mady, added: "There is significant liquidity in this market place for project f

The founding members of GPCA - Saudi Basic Industries Corporation (SABIC), EQUATE PE

Mr. Hamad Al-Terkait, President and CEO of EQUATE and Vice Chairman of GPCA, said: "A

Commenting about the establishment of GPCA, Abdullah Bin Zaid Al-Hagbani, Secretary

GPCA, which has its headquarters in Dubai, has set up three sub committees to deal with

More than 400 delegates are expected to attend GPCA's forthcoming conference in Duba

Keynote speakers include Michael J. Dolan, President - Exxon Mobil Chemical Company, U

News Sourse<br>

1617 GCC expected toZawya<br>


contribute 60
###million metric tons of petrochemicals in 2007
Engineering work has started on the construction by INVISTA of a new Asian facility for th

The new facility will use proprietary, next-generation ADN technology based on butadien

Source: China Chemical Reporter<br><br><br>

-- <br>
Global Info Tech<br>
1618 INVISTA to expand
www.polymerbiz.com
global nylon
###6,6 capabilities.

Page 201
News

US group Huntsman has announced plans to close its textile products site in Saint-Fons,

The closure is part of the restructuring of the whole of the group's Textiles Effects divisio

The plan includes the loss of 650 jobs in the Americas and Europe. Cost-cutting measure

Source: Financial Times <br>Information Limited <br><br><br>

-- <br>
Global Info Tech<br>
1619 Huntsman to
www.polymerbiz.com
close site in Saint-Fons,
###
DSM has announced it is building 2 technical polymers units in Geleen, in the Netherland

Representing an investment of EUR 100 M, these units will double capacity of the produc

This will open in 2008 making high viscosity grades for the packaging films sector. The u

Source: Financial Times <br>Information Limited <br><br><br>

-- <br>
Global Info Tech<br>
1620 DSM increases
www.polymerbiz.com
technical polymers
### capacity in China and the Netherlands
Wellman is selling its materials recycling business based in Johnsonville, SC. The busines

Production will be concentrated at Wellman's site in Palmetto, SC. In response to growing

Wellman has a 25,000 tonnes/y polyethylene terephthalate recycling unit in Verdun, Fra

Source: Financial Times <br>Information Limited <br><br><br>

-- <br>
Global Info Tech<br>
1621 Wellman restructures
www.polymerbiz.com
US operations
### and quits Europe
The 6th International Paint, Coating, Composites and Chemical (IPPC) Exhibition will be h

Over 200 producers of paint, resin and related machinery from 24 countries have alread

The TPIF is also to host the 13th International Packing & Printing Machinery Exhibition fro

NEWS SOURSE<br><br><br>

PIN<br>
1622 6th IPPC to Start in Tehran ###

Page 202
News

JAKARTA Dec 21 <br><br>

The Organisation of Petroleum Exporting Countries (OPEC) expects that global crude pric

* "OPEC is happy that oil prices stabilize at US$60 a barrel. We will maintain the prices a

* Both consumers and producers expected stable prices, he said. <br><br>

SUMMARY <br><br>

OPEC cartel says it will work to stabilize global crude oil prices around US$60 a barrel in

ASIA IN FOCUS <br><br><br>

December 21, 2006


1623 OPEC aiming
<br>
for stable crude###
oil prices in 2007
Chinese Petroleum Corp., Taiwan's state oil refiner, is seeking a 75,000 metric ton cargo

The company wants to take delivery of the cargo at its terminal in Kaohsiung in southern

Potential sellers are asked to submit offers by Dec. 26, which must remain valid until 6 p

Chinese Petroleum, which can process 720,000 barrels of crude oil a day, operates three

Naphtha, distilled from crude oil, is a raw material for chemicals and gasoline. Full-range

Source: Bloomberg
1624 Taiwan`s Chinese
<br> Petroleum ###seeks naphtha for February delivery
The Center for Global Energy Studies (CGES) has reversed next year's average oil price f

Using the case presented by the International Energy Agency, the London-based center

Last month, it drastically cut next year's forecast to 49.9 dpb from 58.7 dpb it estimated

"OPEC's obsession with output cuts is being driven by its bearish view of the need for its

But it said it was not convinced of the need for the cuts announced in Abuja last week an

"In reality, the path of oil prices over the next few months will be determined to a large e

But instead of forecasting that Brent crude would fall to an average of 51.6 dpb in the fir

In an IEA reference case, which sees demand growth barely being outstripped by increm

For the remainder of this year, it expected Brent crude would average just over 60 dpb in

In earlier reports this year, CGES had forecast that oil price could average over 70 dpb fo

1625 2007 oil price forecast back up


###to dlrs 57 after OPEC agreement

Page 203
News

Seibu Oil Co. Ltd., a Showa Shell Sekiyu KK group refiner, plans to construct a 25,000 bp

The existing facility will not be torn down and will work as a back-up facility for the new u
1626 Seibu Oil Co. to build naphtha###
reformer
A high heat crystal polystyrene that enhances flow and is designed to satisfy demanding

Benefits to the processors include better-engineered and more economical products due
1627 A new high heat crystal polystyrene
###
Taiwan's leading petrochemical conglomerate - Formosa group plans to expand its naph

Under the expansion plans, the new projects will add one oil refinery to the current three

1628 Formosa to Post-expansion,


invest US$3 bln the
in
###
naphtha
Formosacracker
group's annual sales are expected to be over 2 trillion dolla

Page 204
News

Oil, after a Quick upward for Opec announse cut to oil production in February .2007
Naphtha also lost due to weak demand of its derivatives. Price of all polymer feedstocks

OIL <br>

After a sharp increase, oil prices fell to hover around US$62-63/barrel. One of the major

NAPHTHA <br>

The increased price of naphtha could not be sustained and fell back to US$570/MT in the

POLYMER FEEDSTOCKS<br><br>

ETHYLENE <br>

After resisting price pressures last week despite oil price hike, ethylene prices could not

PROPYLENE <br>

Propylene, like ethylene also rose, though as not sharply, to US$1140/MT in the week of

EDC <br>

Tighter availability and drying up of supplies from USA provided gain in the price of EDC

VCM <br>

Tight availability, increase in the price of ethylene, and in anticipation of supplies disrupt

STYRENE <br>

Styrene price finally rose due to ethylene and benzene price hike in the week of 15th De

POLYMERS<br><br>

LDPE <br>

LDPE price continued to march northwards due to price rise in ethylene and tighter avail

LLDPE <br>

While the market sentiments in Asia are still quiet, ethylene price rise coupled with firm

HDPE <br>

The bullish oil and ethylene coupled with good demand of HDPE from China resulted in th
Page 205
PP <br>
News

Oil, after a Quick upward for Opec announse cut to oil production in February .2007
Naphtha also lost due to weak demand of its derivatives. Price of all polymer feedstocks

OIL <br>

After a sharp increase, oil prices fell to hover around US$62-63/barrel. One of the major

NAPHTHA <br>

The increased price of naphtha could not be sustained and fell back to US$570/MT in the

POLYMER FEEDSTOCKS<br><br>

ETHYLENE <br>

After resisting price pressures last week despite oil price hike, ethylene prices could not

PROPYLENE <br>

Propylene, like ethylene also rose, though as not sharply, to US$1140/MT in the week of

EDC <br>

Tighter availability and drying up of supplies from USA provided gain in the price of EDC

VCM <br>

Tight availability, increase in the price of ethylene, and in anticipation of supplies disrupt

STYRENE <br>

Styrene price finally rose due to ethylene and benzene price hike in the week of 15th De

POLYMERS<br><br>

LDPE <br>

LDPE price continued to march northwards due to price rise in ethylene and tighter avail

LLDPE <br>

While the market sentiments in Asia are still quiet, ethylene price rise coupled with firm

HDPE <br>

The bullish oil and ethylene coupled with good demand of HDPE from China resulted in th
Page 206
PP <br>
News

The European Commission has cleared Basell Polyolefine GmbH (a unit of US based Acc

Basell's first plant at Muenchsmuenster was damaged by an explosion and fire in Decem
1631 EU clears Basell's acquisition###of Muenchsmuenster cracker
the leading provider of innovative plastics solutions in the Middle East and Asia-Pacific -
1632 Reflection of
The
thenew
continued
office forms
growth
###part
of of
Borouge's
Borouge's
presence
strategic
in expansion
the Asia Pacific
in theregion
region and will help se
National Iranian Oil Co. (NIOC) marketing deputy here Saturday

<br><br>

<br><br>

<br><br>

<br><br>

<br><br>

<br><br><br>

Source: ITC
<br><br><br>-- <br>
Global Info Tech<br>
1633 Spring Decline
www.polymerbiz.com
in Crude Demand
###Could Decrease Oil Prices

Page 207
News

Turkey has no right to re-export gas it is importing from Iran

Source: ITC<br><br>
Global Info Tech<br>
1634 Petroleum Minister
www.polymerbiz.com
Proposes ###
$36-40 Crude Price for New Budget
As most market participants are on holiday leaving very few factors to spur interest, oil p

Heating oil demand has been dampened by an unusually mild winter in the US and expe

Concerns continue to persist over developments in Nigeria, Africa's largest oil producer a

Source:Plastmart<br><br><br>
-- <br>
Global Info Tech<br>
1635 Oil prices rise
www.polymerbiz.com
in thin Asian trade
###

Page 208
News

PERLEN, SWITZERLAND (Dec. 26, 2:35 p.m. EST) -- Perlen Converting AG, a coated and la

Source:Plastic News<br><br><br>
-- <br>
Global Info Tech<br>
1636 Swiss converter Perlen buying
www.polymerbiz.com###
Germany´s ac-Folien

Reuters<br><br>

New Delhi: India's state-run Oil and Natural Gas Corp Ltd is investing in new projects on

The estimate may help explain why ONGC has beaten Western rivals in a handful of dea

"I think safest is $35-$40 a barrel. We should not go beyond $40 and the best is $35," D.

He said the ONGC was looking at submitting bids to acquire oil blocks in North African an

Most major oil companies, which now typically refrain from giving explicit base-case oil p

While most big oil companies are skittish about investing at higher levels after surviving

source: Gulf News<br><br><br>

-- <br>
Global Info Tech<br>
1637 ONGC eyes www.polymerbiz.com
investments with###
$35-$40 price view
Freedonia is forecasting 8% annual demand growth in China. <br><br>

8 January 2007 – PVC demand in China is being driven up by 8.0% per annum largely du

Consumption grew to a level of 8.2 million tonnes in 2005, when China overtook the US t

Use of PVC in pipes, windows and doors will continue to bolster the market, as China stri

China's northeast region is experiencing the strongest growth in construction activity, le

The PVC packaging market is also coming through, Freedonia added. "Packaging will soo

NEWS SOURSES <br><br><br>

1638 ConstructionPRW
boosts
<br><br><br>
PVC 1/8/2007
demand in China
Taiwan's Kuokuang Petrochemical Technology Co.- a venture led by the state oil compan

Failure to get government clearance or acquire land may force a move to shift the plann

This will be Chinese Petroleum's second failure to build an ethylene plant in Taiwan this d

Source: Plastemart.com <br><br><br>


1639 Taiwan`s Kuokuang Petrochemical
1/8/2007 may shift ethylene project to Middle East

Page 209
News

Biomethane, chemically the same as natural gas yet available from essentially any kind

Biomethane's fundamental production efficiencies make it competitive with such better


That's the word from Fleets & Fuels, a newsletter on advanced technology vehicles and t
Biomethane is made from waste--from animals, crops or even municipal sewage--so unli
"We're extremely excited about the potential for biomethane," said Fleets & Fuels editor
"It's potential production efficiencies are terrific, and not at all dependent on the fossil fu
"The single investment in suitable vehicles pays off many times during the life of those v
"Biomethane is fast proving itself in Europe, and entrepreneurs and policymakers in the
Biomethane is most commonly made via anaerobic digestion of organic biomass materia
Biomethane can be injected into existing natural gas pipelines, and drawn from the pipe
Biomethane can easily be processed into compressed natural gas (CNG) for natural gas v
Biomethane (chemically CH4) can also be used as a renewable hydrogen source. <br><
The January 1 issue of Fleets & Fuels is dedicated to biomethane. The newsletter compri
1640 2007 Could Be Year of Biomethane
1/8/2007
LONDON (Dow Jones) -- The Organization of Petroleum Exporting Countries will consider

"OPEC ministers are watching the market vigilantly. If these prices persist or there is a co

On Thursday, crude prices were holding ground above $58 a barrel but the market, for th

Kazempur didn't give a timeframe as to when OPEC may discuss meeting. <br><br>

OPEC officials have repeatedly suggested that the group has an unofficial pact to keep th

Concern over a fall in oil prices and rising inventories, was behind the group's decision in

That cut closely follows an agreement in October to rein in output by 1.2 million b/d or a

Kazempur, however, said prices may correct themselves in coming days. <br><br>

"What we are seeing is probably temporary and a reaction to the weaker dollar and an a

Industry sources also say that geopolitical tensions, particularly in Iran and Iraq will keep
1641 OPEC to mull meeting if weaker
1/8/2007
oil price persists
Basell has purchased a cracker from Ruhr Oel GmbH at the Münchsmünster petrochemic
The purchase of ROG - a joint venture between Deutsche BP and PdVSA, the Venezuelan

1642 Basell acquires cracker from


1/8/2007
ROG to secure ethylene supply
Asia's largest oil refiner by output-China Petroleum & Chemical Corp. (Sinopec), plans to

Sinopec took over two listed units - Sinopec Beijing Yanhua Petrochemical Co. and Sinop
1643 Sinopec to sell
In February
stake and
2006,
1/8/2007
buy Sinopec
back assets
tookoffour
Sinopec
of its Wuhan
China-listed units - Sinopec Qilu Petrochemical

Page 210
News

The Argentine unit of Dow Chemical Co. (DOW) wishes to double its production of polyet

Argentina's economic crisis in 2001-2002, which brought on the devaluation of the local
This problem is predominantly felt in the energy sector, whose bottlenecks threaten the

1644 Dow's plan to double polyethylene


1/8/2007 production in Argentina stalled due to gas shortage
After briefly rebounding in early morning trade, oil prices declined on Monday, continuing

Forecast reports indicate that U.S. temperatures should return to normal over the next c

-- <br>
Global Info Tech<br>
1645 Oil prices fall
www.polymerbiz.com
as temperatures
1/9/2007
continue to rise
Opec producers, concerned about a steep drop in oil prices, are holding consultations on

The Organisation of Petroleum Exporting Countries agreed last month to cut oil output b

But oil prices fell nearly eight per cent last week to below $56 a barrel, pressured by mild

"The fast and deep drop in the oil market in the last week is worrying oil producers," the

1646 Opec holds discussions 1/12/2007


on possible further action to stabilise market
The weekly data of the Energy Information Administration reported a rise in inventories o
Light, sweet crude for February delivery dropped by US$1.62 to settle at US$54.02 a bar
OPEC
1647 Oil prices dip had
to 19 resolved
month to inventories
1/12/2007
low as cut output by 1.2 mln bpd in November, but has delivered only ab
rise
South Korea's SK Group, parent company of oil refiner SK Corp., plans to invest US$7.47

1648 SK Group plans record investment


1/12/2007 in energy and petrochem
1649 Thailand's IRPC's
Thailand's
ethylene
IRPC
1/12/2007
unit
PCL's
back
360,000
in production
tpa ethylene cracking unit, formerly known as Thai Petroc
Speculations indicate that Reliance Industries (RIL) may be looking to bid for General Ele
1650 Reliance in RIL
raceisto
determined
bid for
1/12/2007
GE to
Plastics?
be among the leading global companies in the entire petrochemical
The Yanbu National Petrochemical Company (Yansab) complex will add four million tons

Al-Mady was speaking after an inspection tour of Sabic affiliates Saudi Yanbu Petrochem

Al-Mady, with other senior officials, inspected the progress of works at the Yansab constr

Al-Mady said Yansab's output will include 1.3 million tons of ethylene, 400,000 tonnes of

Source: TradeArabia News Service


1651 Saudi Arabia - Yansab output
1/12/2007
to top 4m tonnes

Page 211
News

This article presents a review of China's chemical fibres industry during 2000-2005. Chal

Consumption has risen by 15%/y, from 8.492 M tonnes in 2000 to 17.1 M tonnes in 2005

Zhejiang supplied 40.5% of chemical fibres in 2005 (22.8% in 2000), followed by Jiangsu

For polyester, operating rates have varied from 74.2% (in 2005) to 92.4% (2003 and 200

During 2006-2010 growth is expected in the industry, supported by strong economic gro

1652 China Chemical fibre


Source: industry:
1/12/2007
China present
Chemical status and measures.
Reporter
DUBAI — The demand for plastic bottles and containers in the UAE is estimated to be gro

According to a recent report by the Emirates Industrial Bank (EIB), the country is a net ex

"There is also a substantial re-export of plastic bottles and caps with about 16 per cent o

Though goods sourced from the free zones are to be treated as imports, the study has in

The entire plastic industry in country comprises 250 establishments, with a capacity of a

Out of these, 32 units are engaged in the manufacturing of plastic bottles and containers

Majority of the plants are located in Dubai and Sharjah. Abu Dhabi and Ajman are the on

Plastic bottles and containers are extensively used worldwide today as receptacles for m
1653 UAE demand for plastic 1/15/2007
bottles growing at 5pc
World oil prices have firmed on expectations that the Organization of Petroleum Exportin

World oil prices have firmed on expectations that the Organization of Petroleum Exportin

Last week, prices fell to levels last seen in June 2005 because of unusually warm winter t

In London on Monday, the price of Brent North Sea crude for February delivery rose 40 c

New York's main oil futures contract, light sweet crude for delivery in February, gained 3

"OPEC might be further galvanised to take action, so this morning the market is reacting

Recent sharp price falls have sparked speculation that OPEC could soon hold an emergen

Iran and Venezuela had called on Sunday for new OPEC oil production cuts to support plu

OPEC ministers had decided last month at a meeting in the Nigerian capital to cut outpu

This followed OPEC's reduction of 1.2 million bpd that became effective in November. Bu

1654 Oil Prices Hold Above $53


1/17/2007
On Prospects For OPEC Cut

Page 212
News

The difference between the contract price of benzene in the USA and Asia has declined s

This translates to a disparity of $61/tonne, which is a considerable drop from the $355/to

USCP, on the other hand, will continue to weaken due to higher toluene prices and increa

1655 Asia-US price disparity


Source: for
Japan1/17/2007
benzene shrinks.
Chemical Week
The Shanghai Chemical Industry Park (SCIP) in China is projected to have 3.5 M tonnes/y

A 900,000 tonne/y ethylene unit was commissioned by Shanghai Secco Petrochemical in

The project, which will most likely be a jv with SCIP, includes a 1 M tonne/y ethylene crac

China's growing economy may cause a domestic shortfall of ethylene, equivalent to 10 M

Source:to
1656 Shanghai forecast Japan Chemical
for 3.5 Week
be1/17/2007
site million tons per year ethylene capacity.
Asian petrochemical producers and traders are predicting that new capacity and fewer c

YNCC will be able to send all of the 350,000 tonnes/y of new ethylene capacity for expor

Chandra Asri will increase its ethylene capacity by around 12% (some 70,000 tonnes/y) a

1657 Asian petrochemical


Source: Chemical
supplies
1/17/2007
Business
are expected to rise in 2007.
Opec has cut its forecast for this year's world oil demand growth to 1.5% from 1.6%, Reu

1658 Opec cuts demand estimates


Opec has 1/21/2007
cut its forecast for this year's world oil demand growth to 1.5% from 1.6%, Re
VIENNA, Austria — Oil prices edged higher Friday, recovering ground lost a day earlier af

Traders appeared eager to cover their short positions ahead of the weekend, accounting

Light, sweet crude for February delivery rose 20 cents to $50.68 a barrel in electronic tra

February Brent crude on London's ICE Futures exchange added 45 cents to trade at $52.

Heating oil futures were up by over a penny at $1.4876 a gallon while natural gas prices

Crude futures have slipped for eight of the first 12 trading sessions of 2007, partly on mi

Skepticism about the Organization of Petroleum Exporting Countries' commitment to del

Crude stockpiles rose by 6.8 million barrels to 321.5 million barrels in the week ended Ja

Gasoline
1659 Oil Prices Edge Up stockpiles rose by 3.5 million barrels and distillates, which include heating oil an
1/21/2007
Teijin Chemical Ltd. has commenced production at its the second plycarbonate (PC) plan
1660 Teijin Chemical's
Teijin Chemical
50,0001/21/2007
tpa
Ltd.
polycarbonate
has commenced
plantfull-scale
on streamconstruction of its third PC plant in China

Page 213
News

Most equity and sector analysts are speculating that IPCL might be merged with Relianc
This theory can find support in two factors:<br><br>
First, naphtha has been replaced by gas as the fuel feedstock in IPCL's Gandhar plant.
Secondly, subsidiaries have been merged with IPCL. This should bring in synergies and h

News Sourse <br><br>

1661 IPCL and RIL Pm


to merge? 1/21/2007
Output of ethylene has witnessed double digit growth this fiscal at Asia's largest refiner b

1662 Sinopec ethylene


In 2006,
ouput
Sinopec
1/21/2007
witnesses
produced
double-digit
6.16 million
growth
tons of ethylene, up 15.87%, beating its guidanc
American plastics processors are expected to use their stockpiles and begin buying agai
Processors are expected to replenish inventories in early 2007. However, in the event of

News Sourse<br><br>

WP 1/21/2007
1663 US demand for petrochemicals estimated to slowdown in 2007
To strengthen its market positions in products where we have a long-term competitive a
Expansion of PP capacity at its facilities in Geel, Belgium, and Grangemouth, Scotland. A
At the Grangemouth complex, the company will raise the 220,000 tpa liquid pool PP unit
At its Lillo site in Belgium, Ineos will invest in its HDPE production. The capacity of its bi-m

News Sourse<br><br>

1664 Ineos plans €150 PMmln investment


1/21/2007 in European assets
A report by CMAI estimates world ethylene demand growth will average just over 4% ove
1665 Global petrochemical
After a significant
oulook
1/21/2007
decrease between 2000 and 2001, world demand for butadiene increa
Oil prices rose on Thursday in Asian trading after an overnight rally of more than a dollar
A barrel of crude has not settled below US$50 since May 24, 2005. But prices slid as low
Saudi Oil Minister on Wednesday is reported to have stated that OPEC production cuts w
1666 Overnight rally
Adding
in Asian
to the
1/21/2007
trading
bearish
spikes
news,oil
theprices
International Monetary Fund has revised down its 2007 e
The recent decline in oil prices, after a long run-up since 2001, has some people wonder

The recent decline in oil prices, after a long run-up since 2001, has some people wonder
Certainly, the oil market faces near-term drags as the global economy cools and some n

The first is that there's no reason to expect a monetary squeeze or recession. Back in the

The higher oil prices of recent years simply reflected the emerging world's tremendous d
The second reason is that the emerging world's thirst for oil will only increase. China and

Thirdly, OPEC is poised to limit oil price declines below the U.S.$55-to-$60-per-barrel zon

OPEC's job is made easier because it is getting much tougher to find oil globally. The num

Fourth, the oil correction took the froth out of the market. Speculators in crude oil and re

And finally, geopolitical strains will keep oil price risks to the upside. Our surveys of glob
<br><br>
1667 Canadian Business
We believe
Predicts
oil
1/21/2007
prices
Oil Prices
are headed
Between
to $60
between
And $70
U.S.$60
A Barrel
and In
U.S.$70
2007 a barrel in 2007. Price

Page 214
News

Price Trends<br>
Oil prices declined further and reached just below US$49-50/barrel, the lowest price in th
Naphtha prices, on account of inactive market conditions and decline in oil prices, also re
While LDPE and LLDPE remained stagnant, HDPE declined due to weaker market conditio
The outlook for February 2007 appears to be good for customers and not good for suppli

OIL<br>
A warmer-than-normal winter in USA, with temperatures that has not been experienced

NAPHTHA <br>
The price decline in oil has caused further erosion in the price of naphtha to US$510-520

POLYMER FEEDSTOCKS<br><br>

ETHYLENE <br>

Ethylene price increased sharply despite a sharp decline in the oil price. It reached US$1

PROPYLENE<br>
Propylene, after going up in the week of January 12, 2007, became weak and reduced to

EDC <br>
EDC sharply increased to US$450-460/MT in the week of 19th January 2007 due to tight

VCM <br>
VCM continued to remain firm mainly due to tight availability of EDC and higher price of

STYRENE <br>
of styrene monomer to go down to US$1290/MT in the week of 19th January 2007. The p

POLYMERS<br><br>
LDPE <br>
LDPE remained stagnant at US$1320-1330/MT in the week of 19th January 2007 due to w

LLDPE <br>
LLDPE also remained stagnated at US$1290-1300/MT in the week of 19th January 2007.

HDPE <br>
Sluggish demand from China and availability of cheap cargo from deep sea saw the price

PP <br>
PP stagnated at US$1290/MT in the week of 19th January 2007. The weaker market sent

PVC <br>
PVC rose by US$10/MT to US$825-830/MT mainly due to increase in the feedstock prices

PS <br>
GPPS stagnated at US$1410-1420/MT in the week of 19th January 2007 mainly due to qu

ABS <br>
1668 Weekly Review in third1/21/2007
The sluggish week ofconditions
market January 2007
and weaker oil price kept ABS stagnated at US$1600/MT

Page 215
News

NEW DELHI— India is considering oil-rich Venezuela's offer to set up a refinery in the cou

There are several issues to be looked into in this regard," DowJones Newswires quoted R

ONGC is India's largest oil and gas producer. <br><br>

The Economic Times daily reported Thursday that Venezuela's state oil company, Petrole

The daily said the proposed refinery would process the Venezuelan crude from the San C

The block has the potential to produce 900,000 to 1 million barrels of oil daily, it said. <b

1669 Venezuela Offers


"In India,
Oil we
Refinery
1/22/2007
are evaluating
In India the options of setting up a refinery, where ONGC's crude from
Expected growth in China and India three times more than global average. <br><br>

22 January 2007 – Asia Pacific will emerge ahead of North America and Europe as the wo

World flexible packaging growth is forecast to increase in value terms by an average of 4

Already world consumer flexible packaging has grown by 3.7% in value terms over the p

It added that the most dynamic major markets will continue to be China and India where

The mature West European market is forecast to grow by no more than 1% per year as p

Study author of the report, The World Flexible Packaging Market 2006, Paul Gaster said:

"Other positive factors include the trend from rigid to flexible packaging in pursuit of low

"Moreover, the huge volumes of food products in the developing world, which continue t

News Sourse<br><br>

1670 Asia Pacific PRW


will be largest
1/22/2007
flexible packaging market by 2010
Opec wants to maintain a price of at around $55 a barrel for its crude basket, which is at

Opec wants to maintain a price of at around $55 a barrel for its crude basket, which is a

News Sourse<br><br><br>

1672 Opec says $55


AMEa barrel
INFO<br>
1/24/2007
OK
1673 Petrochem The
plants
occurrence
planned
1/24/2007
in
ofMap
cancer
Ta Phut
in theinRayong
Rayongregion
to be delayed
has put on hold the planned power and p
A team of South Korean researchers from SK Corp. and the state-run Korea Research Ins
1674 S. Korean researchers
The currentinvent
1/24/2007
naphtha
highly
cracking
efficient
method
method
requires
of processing
the application
naphtha of heat measuring 850 de

Page 216
News

SIBUR OJSC plans to invest US$750 mln in the construction of a propylene and polypropy
It is expected that a final decision on the project's implementation will be made and inve

News Sourse<br><br>

1675 SIBUR to invest


PMUS$7501/24/2007
mln in propylene and polypropylene plant
Oil and Natural Gas Corp (ONGC) has issued a tender offering a 35,000 ton naphtha carg
The tender closes on Tuesday and bids will remain valid until Wednesday. In a previous t

News Sourse<br><br>

1676 ONGC offers 35,000PM ton1/24/2007


naphtha for February
The US federal government has announced plans to boost the country's emergency crud
1677 Oil prices settle
Light,above
sweetUS$55
1/24/2007
crude on
forannouncement
March delivery by
on US
thefederal
New York
government
Mercantile Exchange spiked by US

Page 217
News

By Suttinee Yuvejwattana and Anuchit Nguyen<br><br>

Jan. 23 (Bloomberg) -- Siam Cement Pcl, Thailand's third- largest publicly traded compan

Net income rose 3.7 percent to 5.29 billion baht ($150 million) in the fourth quarter from

Siam Cement, founded by the nation's king in 1913, has increased investments in petroc

Earning from petrochemicals ``supported the company's bottom line in the last quarter,'

Siam Cement and Dow Chemical Co., the largest U.S. chemical maker, are building a $1.

The difference between Siam Cement's selling price for high- density polyethylene and t

`Pretty Optimistic' <br>

``We're pretty optimistic about petrochemical margins for 2007,'' said Keith Neruda, hea

In the first nine months, high energy prices increased the cost of producing cement, whil

The price of crude oil has tumbled 33 percent from a record $78.40 a barrel reached on

Siam Cement's shares have fallen 4.1 percent this year, following a 0.8 percent decline i

Profit in the fourth quarter may have also been boosted by the sale of most of Siam Cem

Economy, Coup <br>

Floods and falling demand for new homes probably curbed sales of cement and other bu

Thailand's economic growth slowed to 4.7 percent in the third quarter from 5 percent in

Armed forces led by army chief Sondhi Boonyarataklin seized power, ousting Prime Minis

Siam Cement's petrochemicals business contributed 45 percent of its earnings before int

Cement Sales <br><br>

Cement sales were weaker in the quarter because rain disrupted building projects and fl

Floods in more than half of Thailand's 76 provinces from Aug. 27 killed 290 people and d

Land & Houses Pcl, Thailand's biggest homebuilder, reported profit in the first nine mont

News sourse<br><br>

Bloomburg<br><br><br>
-- <br>
Global Info Tech<br>
1678 Siam Cement's
www.polymerbiz.com
Profit May
1/24/2007
Rise on Petrochemicals Sales

Page 218
News

A major new study by UK based market intelligence firm, PCI Films Consulting, forecasts

The most dynamic major markets will continue to be China and India where flexible pack
Commenting on the report, study author Paul Gaster said "Global demand will be underp

The 480 page study notes that the world consumer flexible packaging market has grown
"The World Flexible Packaging Market 2006" is the 2nd report on the global market publi

-- <br>
Global Info Tech<br>
1679 Asian tigerswww.polymerbiz.com
in the US$451/24/2007
billion World Flexible Packaging Market
Sabic Europe has ended force majeure on ethylene (C2) and propylene (C3) from its no.

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1680 Force majeure on C2 and1/24/2007
C3 from Sabic's Geleen site ends
Contracts for Jan refinery-grade propylene were up 2.5 cts at 37.5 cs/lb. The increase com

Meanwhile, a move to lighter feedstocks in ethylene crackers, which produces less propy

Source: Financial Times Information Limited <br><br><br>

-- <br>
Global Info Tech<br>
1681 The New Year
www.polymerbiz.com
brings price
1/24/2007
hikes:propylene
Statistics show that the Japanese petrochemical industry is on a downward trend, after r

Domestic prices for naphtha, however, reached record highs during Apr-Sep 2006, spurr

Combined operating profit dropped 1.9% to Yen 92 bn; pretax profit declined 30.7% to Y

Source: Japan Chemical Week <br><br><br>

-- <br>
Global Info Tech<br>
1682 Petrochemical
www.polymerbiz.com
industry 1/24/2007
in Japan seen as declining

Page 219
News

Mitsubishi Chemical Logistics will add two 12,000-deadweight tonne class chemical freig

Construction of two new PTA lines at Mitsubishi Chemical's Haldia site is ongoing. The un

The logistics company had earlier expanded its routes and fleet with a large-sized vessel

Source: Japan Chemical Week <br><br><br>

-- <br>
Global Info Tech<br>
1683 Mitsubishi Chem
www.polymerbiz.com
Logistics
1/24/2007
to add ships for PTA transport
Readiness on part of Siam Cement to meet tighter environmental standards will not dera
The 7-8 power and petrochemical plant proposals to be set up in Map Ta Phut will have t

-- <br>
Global Info Tech<br>
1684 Compliancewww.polymerbiz.com
with environmental
1/25/2007
standards will not upset Siam Cement's plans
U.S. government report indicating that stocks of crude, gasoline and distillates rose last
On Tuesday, a federal government announcement to add to the Strategic Petroleum Res

Light sweet crude for March delivery rose 33 cents to settle at US$55.37 on the New Yor

-- <br>
Global Info Tech<br>
1685 Oil prices rise
www.polymerbiz.com
despite inventory
1/25/2007rise report
Crude oil prices that continued to fall due to a rise in inventory levels as per the weekly r
Market players were quite passive as operation rates at VCM plants across Asia were kep
As buying sentiments were lifted by surging crude oil values, Asian benzene prices soare
Despite another sharp gain of ethylene prices, HDPE prices were pulled down further. Ge

-- <br>
Global Info Tech<br>
1686 Ethylene, Benzene,
www.polymerbiz.com
Styrene
1/25/2007
prices spike in Asia as PE prices plunge

Page 220
News

Dow Chemical (Australia) has been unable to secure a long-term, economically sustainab
Dow will supply the Australian and New Zealand markets from its PS plants in Asia, while

-- <br>
Global Info Tech<br>
1687 Dow Chemical announces1/25/2007
closure of Australian polystyrene facility
www.polymerbiz.com
Capacity expansion being planned by South Korea's ethylene makers will result in an inc
Asia's second-largest ethylene maker, Yeochun Naphtha Cracking Centre (YNCC), will inc
The rise in naphtha use will increase South Korea's domestic demand for petroleum prod

--
Global Info Tech
1688 Naphtha demand
www.polymerbiz.com
in South
1/25/2007
Korea to rise by 5.4% in 2007
Transactions involving purified terephthalic acid (PTA) futures started on 19 Dec 2006 at

Chinese production of PTA, the main raw material for polyester fibres, bottles, and films,

The spot price for PTA in China rose from RMB Yuan 7600/tonne in Mar 2006 to RMB Yua

Source: China Chemical Reporter <br><br><br>

-- <br>
Global Info Tech<br>
1689 China - PTAwww.polymerbiz.com
futures transact
1/25/2007
in Zhengzhou.

Page 221
News

TEHRAN -- Director for International Affairs of the National Iranian Oil Company (NIOC) H

TEHRAN -- Director for International Affairs of the National Iranian Oil Company (NIOC) H
Addressing the inaugural session of the fourth meeting of the Iran-Pakistan-India gas pip

The two-day meeting, which began earlier Wednesday, is attended by representatives of

Representatives of the three states will try to hammer out a price agreeable to all three

Referring to the historical commonalties of Iran, Pakistan and India, Ghanimifard said tha

"Iran, as a main source of energy in the present century, plays a key role in the developm

Progress of countries in terms of technology is closely related to their ability to access en

Implementation of the USD 7-billion pipeline project has been delayed because of differe

The current sessions are expected to focus on ways to resolve these differences. <br><

Tehran has proposed a price equivalent to 10 percent of the price of Brent crude plus a f

On the other side, New Delhi does not want to pay more than USD 4.25 per mBtu for the

-- <br>
Global Info Tech<br>
1690 Iran Ready www.polymerbiz.com
To Meet Regional
1/25/2007
Countries' Energy Demands
In a bid to compete with European rivals like BASF AG and reduce vulnerability to price s
Petrochemical makers in the Middle East are expanding as they benefit from abundant ra

News Sourse<br><br>

PM<br><br><br>

-- <br>
Global Info Tech<br>
1691 Sabic plans www.polymerbiz.com
to expand into
1/31/2007
specialty chemicals

Page 222
News

Forecasters have predicted below-normal temperatures in the U.S. East Coast region to c
Another factor supporting crude prices reports that more OPEC members were complyin

News Sourse<br><br><br>

WP <br><br><br>

-- <br>
Global Info Tech<br>
1692 Oil prices rise
www.polymerbiz.com
on expected
1/31/2007
increase in demand driven by cold weather in Eastern USA
Basell has successfully developed Hostalen CRP 100 RESIST CR black- an enhanced vers

-- <br>
Global Info Tech<br>
1693 Basell PE 100
www.polymerbiz.com
Pipe Grade1/31/2007
offers increased resistance to slow crack growth
ExxonMobil's Singapore subsidiary plans a month long turnaround at its aromatics reform

Hyundai Petrochemical Co., Ltd. plans to shut down its 400,000 tpa PX plant in Daesan fo

-- <br>
Global Info Tech<br>
1694 Paraxylene www.polymerbiz.com
plant shutdowns
1/31/2007
planned in Asia
Surging demand within Asian-Pacific markets in the food processing sector will continue
Alongside more mature markets in the region like Australia and New Zealand, Asian coun

-- <br>
Global Info Tech<br>
1695 Driven by growth
www.polymerbiz.com
in food
1/31/2007
processing, Asia-Pacific region will lead in flexible package
Sellers of propylene in Asia have lowered intentions to US$1,100/mt FOB Korea for Febru
In comparison, ethylene prices in Asia were more stable last week despite a wide price g
Thin sale ofethylene,
1696 Market for propylene, Styrene Monomer
1/31/2007 was witnessed
styrene continues by key
on a low producers
in Asia based in the north of China o
Oil prices dipped by more than a dollar to US$54 a barrel, as traders pushed aside worrie

1697 Oil prices fall by more


Light, than
sweet 1/31/2007
a dollar
crude for March delivery on the New York Mercantile Exchange settled at US

Page 223
News

Plunging crude oil and downstream feedstock prices this month have depressed transact
Ethylene prices for the month have averaged 39¢/lb, down from the December price of 4
After rejecting suppliers' attempts at boosting prices by 6¢/lb earlier in January, the mark
Flat styrene prices this month combined with weak demand, caused polystyrene spot pri
1698 Crude oil, feedstock
The recentand1/31/2007
polymer prices
downward continue
adjustments dipping
in poly inchloride
vinyl USA (PVC) were prompted mainly by
1699 Jilin PetroChemical
Jilin PetroChemical,
penalized
1/31/2007
fora benzene
subsidiary
spill
of PetroChina,
in Songhua river
responsible for the benzene spill in China
1700 Thai PTTCHPTT to invest
Chemical
US$34
1/31/2007
PCLmln
(PTTCH),
in petrochem
Thailand's
expansion
largest olefins maker, plans to spend 1.3 billion ba
Regional markets are planned for HDPE, LDPE, LLDPE and PET. <br><br>

30 January 2007 – The Dubai Multi Commodities Centre (DMCC) is planning to launch pla

The futures contracts would be regional, covering Middle East, North Africa and Asia. Det

James Bernard, newly appointed as DMCC associate director of commodities, said: "We h

An advisory committee is being formed to work on the details of the contracts, which wo

Dubai, Saudi Arabia and other countries in the Gulf have been rapidly developing polyme

DMCC chief executive, David Rutledge, said: "With huge volumes coming on line over th

News Sourse<br><br>

1701 Dubai plans PRW


plastics futures
1/31/2007
trading

Page 224
News

Page 225
News

Abu Dhabi will restore full term crude supplies to Asia for

-- <br>
Global Info Tech<br>
1703 Abu Dhabi to Resume Full2/6/2007
Supplies to Asia
www.polymerbiz.com
Automotive, electronics and consumer brand owners will be at IMD 2007. <br><br>

2 February 2007 - Leading OEMs from the automotive, electronics and consumer goods i

Registered attendees at IMD 2007 include technical experts from several global OEMs. T

Leading plastics and IMD processing specialists will also be out in force, with representat

The two-day IMD conference focuses on the very latest market, design and technology tr

-- <br>
Global Info Tech<br>
1704 IMD proves www.polymerbiz.com
its attraction 2/6/2007
to OEMs
A 350,000 tonnes polypropylene plant is to be built in Egypt for 2009 start-up. The Egypt

-- <br>
Global Info Tech<br>
1705 PP plant planned for Egypt
2/7/2007
www.polymerbiz.com

Page 226
News

MOSCOW - Russia's TMK , the world's second-largest producer of

-- <br>
Global Info Tech<br>
1706 Russian Pipe
www.polymerbiz.com
Producer TMK
2/7/2007
Buys Engineering Plant
TEHRAN - Giant auto manufacturer Iran Khodro is to launch its

-- <br>
Global Info Tech<br>
1707 Iran to Launch
www.polymerbiz.com
Gas Based2/7/2007
Auto Platform Design

Page 227
News

The company that will spearhead marketing programs for the Plastics USA
2008 and NPE 2009 trade shows will be Fixation Marketing, the agency that
has represented four of the triennial NPE shows since 1994, it was
announced by The Society of the Plastics Industry, sponsor of both shows. <br><br>

Selected by SPI after a competitive bidding process, Fixation will create


design and promotional concepts for Plastics USA 2008 and NPE 2008,
execute direct mail and advertising campaigns, develop and administer the
show websites, and work with SPI to increase international participation
by exhibitors and attendees. <br><br>

"Fixation contributed to the success of NPE 2006 by developing outstanding


creative concepts, preparing the largest media program in the history of
the show, expanding international promotion, and producing an award
winning website," said Walt Bishop, SPI vice president of trade shows. <br><br>

"For Plastics USA 2008 and NPE 2009, Fixation will be responsible for
finding ways to reach even broader audiences with the message that these
shows are indispensable resources for plastics professionals." <br><br>

The NPE 2006 website developed by Fixation recently received a first place
award in the '2006 Art of the Show' competition sponsored by the
International Association of Exhibitions and Events. The award was in the
category for shows comprising more than 14,000 square metres of exhibit
space.<br><br><br>

Source: Plasticnews<br><br><br>
-- <br>
Global Info Tech<br>
1708 SPI appointswww.polymerbiz.com
marketing agency
2/7/2007
for Plastics USA 2008 and NPE 2009

Page 228
News

TOKYO — Suzuki Motor, Japan's top mini-vehicle maker, said

-- <br>
Global Info Tech<br>
1709 Suzuki To Triple
www.polymerbiz.com
Diesel Engine
2/7/2007
Output In India
Administrator Baker Tilley is shutting the PVC plant of Storeys Industrial Products in Bra

Appointed on 30 January and making 80 employees redundant the same day, Baker Tille

A further 54 staff were made redundant on 2 February, leaving around 25 in employmen

Storeys Industrial Products produced flexible and rigid PVC sheet for industrial applicatio

Baker Tilley said the business faced weakening profitability and insurmountable debt pro

-- <br>
Global Info Tech<br>
1710 Little prospect
www.polymerbiz.com
of saving PVC
2/7/2007
sheet plant in the UK.

Page 229
News

By David Eldridge <br><br>

Spot prices and regional markets for PP and LLDPE will be launched in June. <br><br>

6 February 2007 – The London Metal Exchange has announced changes to its plastics fut

In addition to its existing global contracts for polypropylene and LLDPE, it will launch reg

Another development is the creation of a spot futures market, said the LME, confirming e

The LME is still working on other "prompt dates" which will be traded in the weeks betwe

LME director of exchange development, Neil Banks, said: "The changes will revitalise the

Since launch in May 2005, around 715,000 tonnes of PP futures and 635,000 tonnes of L

Banks said: "We have had a tremendous amount of support from people we have consul

-- <br>
Global Info Tech<br>
1711 LME expects
www.polymerbiz.com
boost from plastics
2/7/2007futures changes
Chemical group Siberian-Ural Petrochemical plans to build a new petrochemical complex

1712 Plans Polypropylene plant2/8/2007


1713 Ethylene prices
Offers
tumble
for ethylene
in2/8/2007
Asia have dipped below USD1,300/mt CFR FE as prices plunged last week
1714 IPCL restarts
Indian
naphtha
Petrochemicals
cracker
2/8/2007
andCorp.
polyethylene
Ltd. has units
restarted the naphtha cracking and polyethylene un
South Korea's Yeochun Naphtha Cracking Centre (YNCC) has shut down its 857,000 tpa,

1715 YNCC shuts down cracker2/8/2007


for a week
1716 Chemtura to
Ashive
partoff
of global
its plan
2/8/2007
EPDM
to divest
business
non-core businesses and assets to focus on core businesses,
With effect from 25 June, London Metal Exchange has announced changes to its plastics
Another development is the creation of a spot futures market, as well as the global and r
1717 LME announces changes 2/8/2007
to its plastics futures contracts
As buyers adopted a wait and watch policy, very few transactions were seen in the Asian

1718 Propylene and derivatives


China's 2/8/2007
market market
Polypropylene remainsalso
softrecorded
in Asia thin transactions last weekend, as offers sta
Huntsman Corporation and NMG have announced the creation of a new, Russia-based jo
Huntsman will benefit from NMG's dynamism, skills and market leadership position that

1719 Huntsman and NMG in polyurethanes


2/8/2007 JV in Russia
Bayer MaterialScience AG plans to boost toluene diisocyanate (TDI) capacity in Shangha
Bayer MaterialScience expects its newly developed TDI process technology to cut invest
1720 Bayer to almost
The TDI
double
plantToluene
2/8/2007
in Shanghai
Diisocyanate
forms part
(TDI)
of Bayer
capacity
MaterialScience's
at Shanghai long-term investment pl
growing demand, the region seems poised to lead growth in the global biodegradable pa
In 2006, consumption rates of biodegradable packaging in North America and Western E
With advancements like multi-layered packaging used for products demanding a longer
1721 Eastern Europe to lead growth
2/8/2007
in global biodegradable packaging up to 2011
Mitsui & Co. Ltd., Japan's second-biggest trading house, is mulling a joint venture in Saud
This will be the third Japanese companies establishing and operating petrochemical facil
1722 Mitsui mulls first large petrochemical
2/8/2007 JV in the Middle East

Page 230
News

Borouge, the leading provider of innovative plastics solutions, and a consortium of the En
The signing ceremony took place in the presence of senior dignitaries of the UAE govern

The cracker is the first step in Borouge 2, the major expansion project being undertaken

'Borouge is about to enter the most exciting phase of its evolution,' commented Harri Bu

'We are proud to be working closely with Borouge on what is a genuinely exciting project

Borouge 2 is a key part of Borouge's strategy for growth, maximising output and consolid

The commencement of new expansion coincides with the celebrations last month of five

1723 Borouge and Linde sign USD1.3


2/8/2007billion cracker contract
NEW DELHI -- India is likely to sign by June a 145 billion dollar deal to import natural gas
<br><br>

"On preliminary analysis, the new price offered by Iran looks alright for us. Subject to sat

Tehran, as a last ditch attempt to salvage the project that would give the US sanction hit

At 60 dollars per barrel crude price, the cost of gas at Iran-Pakistan border translates int

Besides, India would pay 1.5 dollars per mBtu for piping gas through Pakistan and transi

Petroleum Secretary M S Srinivasan said, "the price looks comfortable." At 4.93 dollars p

Pakistan had agreed to the price offered by Iran at the trilateral official level talks in Teh

"Officials of India and Pakistan will meet this month to synchronise various issues," he sa

"If the Iranian proposal is accepted that would mean a delivered price of close to 6.5 doll

Previously, India and Pakistan had expressed willingness to pay 4.25 dollars per mBtu de

The official said Iran's new formula has a floor (minimum price) of 30 dollars a barrel of J

Price of gas will be on the agenda of External Affairs Minister Pranab Mukherjee's two-da

-- <br>
Global Info Tech<br>
1724 India May Sign
www.polymerbiz.com
$145b Gas 2/9/2007
Import Deal with Iran
On Thursday, Iran stepped up its warnings to the United States, rekindling worries that s
Many market watchers feel that this reaction is an overreaction as geopolitical risks, esp

---<br>
Global Info Tech<br>
1725 Oil prices rise
www.polymerbiz.com
above US$602/9/2007
a barrel

Page 231
News

Qatar Gas Transport Company has ordered eight LNG ships worth $2.1bn from Korean sh

Qatar Gas Transport Company has ordered eight LNG ships worth $2.1bn from Korean sh
1726 Qatar orders eight LNG 2/11/2007
ships
TEHRAN — A $500 million contract on ‘Iran LNG’, a project to produce liquefied natural g
<br><br>

The contract was inked by Iran’s Khatam-ol-Anbia Construction Headquarters (KOA) — an

Iran LNG is to produce 10 million tons of LNG per annum plus 700,000 tons of liquefied p

The project constitutes of three packages namely sweetening and liquefying operations,

The Wednesday contract was signed on the second and third packages, respectively the
<br><br>
Kheir-Andish further said that talks are being held with contractors on the implementatio

Moreover, negotiations are currently underway with four international companies on the

Kheir-Andish stated that the basic designing of the project has been carried out by a con

Akbar Torkan, the managing director of the Pars Oil and Gas Company (POGC) on 2 Febr

Kheir-Andish further stated that the Iran LNG Project is scheduled to come on stream in 2

Also ISNA reported Kheir-Andish as saying that the NIOC holds 49 percent of the shares i
<br><br>
Iran is pursuing two more projects to produce LNG from the South Pars phases, which ar

Moreover,
1727 Contract worth $500mthe POGC
signed onManaging
2/11/2007Iran LNG Director
Project on 2 February told ISNA that a FID on the Pars LN
Eastman Chemical has shut its PET production site at Son Roque / Spain as part of a rest

Eastman Chemical (Kingsport, Tennessee / USA; www.eastman.com) has shut its PET pro

Source: Plastics Information Europe <br><br><br>

-- <br>
Global Info Tech<br>
1728 Eastman: Spanish
www.polymerbiz.com
PET unit
2/13/2007
closes as profits fall

Page 232
News

Formosa Plastics Group, Taiwan's biggest diversified industrial company, said it is in talk

Formosa Plastics needs to overcome political obstacles to complete projects that will ena

"We are renewing our efforts to get the Taiwan government to lift its ban" on building et

Taiwan bars the island's businesses, which have a total of US$150 billion invested in the

The government in Beijing claims the island as part of its territory and has said it may so

Formosa Plastics' chemical project in Ningbo, including a 1.2 million-ton-a-year ethylene

Wang Yung-ching, Formosa Plastics' founder, proposed about 15 years ago building in Ch

Formosa Plastics has factories in China that produce PVC, pipes and fabrics. It lacks a pla

Wong visited China last week, holding talks with officials that handle Taiwanese affairs a

Source: Bloomberg

--
Global Info Tech
1729 Formosa Plastics in talks2/13/2007
for China refinery joint venture
www.polymerbiz.com
The European Food Safety Authority (EFSA) has declared safe to consumers the use of p

EFSA scientists have re-evaluated BPA after studies showed significant differences betwe

EFSA has now set a comprehensive rather than the existing temporary 'tolerable daily in

This is actually more liberal than the previous temporary TDI of 0.01 milligram/kg/day of

The substance is used to produce polycarbonate and epoxy-phenolic resins. Polycarbona

Meanwhile, EFSA has declared safe using polyethylene glycol as a film coating agent for

Source: PRW<br><br><br>

-- <br>
Global Info Tech<br>
1730 EFSA approves
www.polymerbiz.com
two plastics
2/13/2007
ingredients

Page 233
News

Britain could have its first food-grade PET recycling plant by the end of the year, accordin

"We remain optimistic that at least one food-grade plant will be established by the end o

"WRAP hopes to make an announcement in the near future," said Davidson.<br><br>

The latest figures from WRAP reveal 100,000 tonnes of mixed plastics bottles were collec

WRAP estimates demand for food-grade recycled PET (rPET) to be around 60,000 tonnes

Davidson is confident a greater use of rPET is something that customers want to see. "Th

Speaking at WRAP's one-day conference The Opportunity for rPET in Retail Packaging, D

Scheduled for screening in May/June, the adverts will centre on the strapline "Give your p

The media campaign will be part of WRAP's Target Ten – an initiative aimed at boosting

Source: PRW<br><br><br>

-- <br>
Global Info Tech<br>
1731 Plans on thewww.polymerbiz.com
table for food-grade
2/13/2007PET recycling plant
The Chinese government has agreed in principle to the mega ethylene investment proje

The ethylene facility boasts annual capacity of 1.2 million metric tons, while the oil refine

Meanwhile, as a bargain chip, China will also approve application of FPG to invest US$60

If approved by the State Council, the two mega investment projects in Ningbo will vault F

Source: Taiwan Economics Times <br><br><br>

-- <br>
Global Info Tech<br>
1732 FPG to buildwww.polymerbiz.com
100 percent2/13/2007
owned mega ethylene plant in ningbo
China Petroleum & Chemical Corp (Sinopec) plans to double annual ethylene production

In September 2006, Sinopec had started operations at an expanded ethylene plant in Gu

Source: Plastemart <br><br><br>

-- <br>
Global Info Tech<br>
1733 Sinopec plan
www.polymerbiz.com
to double ethylene
2/13/2007capacity to 2 mln tpa at Maoming

Page 234
News

Several Asian ethylene producers have postponed maintenance to benefit from near-rec
A large majority of the demand comes from China, that imported 8.8 million tons of chem
Margins are likely to fall as much as 33% to an average of US$400 a ton later this year, w
Margins are likely to come under pressure in the second half - Chemical makers in Japan
Honam Petrochemical, South Korea's fourth- biggest maker has also delayed work on its
Sanyo Petrochemical has also postponed its maintenance shutdown by a year to March 2
Honam Petrochemical said last week it had pushed back plans to shut its 720,000 tpa pla

News Sourse<br><br>

PM
1734 Ethylene makers in Asia2/14/2007
delay plant maintenance to benefit from near-record prices
Bangladesh Government has decided to set up petrochemical complex at Ashuganj. The
1735 BangladeshAGovernment
committee2/14/2007
plans
of petrochemical
senior officials has complex at Ashuganj
been constituted for providing recommendations on t
SHANGHAI (AFP) -- Energy-hungry China imported a record 47 percent of its oil last year,

Net oil imports were up 19.6 percent year-on-year at 162.9 million tones last year, of wh

The newspaper said China's import dependency will remain high in 2007, as the country

Even as its economy expanded by double digits, China's crude output rose a mere 1.7 pe

Further driving Chinese demand was the ever greater need for auto fuel and the governm

China, an oil importer for more than a decade now, also expects output of its main oil fie

President Hu Jintao just returned from a controversial 12-day visit to resource-rich Africa

China's burgeoning economic presence in several African nations has sparked criticism t
1736 China oil dependency rising
2/14/2007
MOSCOW -- Construction of a massive oil pipeline from Siberia to feed energy-hungry As

The first section of the pipeline, which is planned to be completed in 2008, will cost 11 b

A Transneft official was quoted as saying the increase was due to inflation, as well as the

The first stage of the project includes a pipeline from Taishet to Skovorodino near the Ch

Future plans for the pipeline include a section running 2,100 kilometers from Skovorodin

Transneft built 540 kilometres of the pipeline in 2006, Vedomosti said. <br><br><br>

News Sourse <br><br>

AFP

1737 High cost for Russian pipeline


2/14/2007
to Asia: report

Page 235
News

Contracts cover BPA feedstock. <br><br>

14 February 2007 – Saudi Kayan, a jointly owned grouping established last year, has awa
The BPA plant, of 240,000tpa, will be built by Tecnicas Reunidas while Korea's Daelim gr
According to Sabic, which holds a 35% stake in Saudi Kayan, the new products will stren
Kayan Petrochemical Company holds 20% of the company and the remaining 45% of the
Last year, the company awarded Kellogg Brown and Root the contract to build a 1.35m t

News Sourse<br><br>
PRW

1738 Saudi Arabia set for new2/14/2007


polycarbonate plant
out, said the company, adding the construction operations started in 2001 and the plant

"The project has certain features as an auto-thermal reformer reactor has been applied t

Zagros Petrochemical Complex Managing Director Mehdi Hamidi told PIN the second me

Several petrochemical projects in southern Iran are expected to come on stream in the n

The ethylene unit at Zagros, being commissioned at the moment, is to reach annual cap

Urea and ammonia at Ghadir and the 9th Olefin (Arya Sassol) are also among the next y

Rejal Petrochemical Complex, which is implementing polypropylene granule project as th

The complex is located at Bandar Imam Special Economic Petrochemical Zone in Mahsha

The plant will produce 160,000 tons polypropylene in the first phase of its development.

Another goal of the new plant is to produce propylene gas from methanol gas through a

Propylene is widely used in downstream industries, including textile industries, and one j

It is used for production of moquette fibers, machine-made carpets, bottles and disposab

1739 World's largest


Rejalmethanol
Petrochemical
2/16/2007
plant to
Complex
come on
is stream
under construction
in southern Iran
in a 227,000
soon square meter land at Ba
Japan's second-biggest trading house -Mitsui & Co., plans to shut its Singapore oil unit by

News Sourse<br>

1740 Mitsui to shutWP


Singapore2/16/2007
oil trade unit
The Films Business of ExxonMobil Chemical has announced plans to significantly increas
ExxonMobil Chemical's white opaque OPP films, each specifically tailored for targeted ap
This current upgrade is a continuation of ExxonMobil Chemical's strategy to invest in spe

News Sourse<br><br>

1741 ExxonMobil upgrades


PM Oriented
2/16/2007
Polypropylene (OPP) film manufacturing

Page 236
News

Before the forthcoming of Chinese New Year Holidays, Asian , PVC producers were estim

March offers from Japan are reported at $890-900/ton C/F China, cash, (subject to duty, i

The new offers mark an increase of $40-60/ton from the confirm deal level in February. (
Asian major, Tosoh Corp, settled its February VCM at $690-700/ton CFR China, $50-60/to

First, they are pointing to the high costs.<br><br>

The second reason behind is as they sellers and buyers are considering markets will be b

But in the opinion of Asian Buyers, it may not effect on the demand and costs.<br>
They also indicate that, the price of ethylene has fall in Asia in the last two weeks and su

Turkish Markets/troupe also waiting for the offers from Asian Producers and also activitie

Source: Polymerbiz <br><br><br>

-- <br>
Global Info Tech<br>
1742 March Startwww.polymerbiz.com
Will Turn Up2/19/2007
The Offers For Asian PVC Producers
Exports of the plastic, melamine and polyethylene products during the first ten months o
Increased by about 16.6 percent in terms of the weight, in comparison with the same pe
Plastic, melamine and polyethylene products accounted for around 0.3 percent of the we
Also during the same period, the value of the plastic and melamine goods in the export g
Based on the report, exports of polyethylene products during the period grew by 107 pe

News Source<br><br>

Polymerbiz<br><br>

-- <br>
Global Info Tech<br>
1743 Export of plastic,
www.polymerbiz.com
melamine
2/19/2007
products hits $211m in 10 months

Page 237
News

The International Energy Agency has raised its forecast for 2007 world oil demand growt

The agency that advises 26 industrialized nations said oil stocks held by its members fel
Lawrence Eagles, head of the IEA's oil industry and markets division, said the downward
OPEC has noted that its 1.7 million barrels per day reduction has removed much of the e
That view would find support at the IEA, Reuters said.
"OPEC risks over-compensating in its attempts to rebalance fundamentals and to suppor
'Upward demand revisions, a now-weaker non-OPEC growth trend and declining Iraqi pro
The IEA raised its global oil demand growth forecast for 2007 to 1.55 million barrels per
It said strong demand from China , the world's second biggest fuel burner, had lifted non
The agency's reappraisal of Chinese demand boosts expectations for the country's consu
"The report is straightforward and should be constructive for prices," said Mike Wittner o
'Demand has been revised up significantly and non-OPEC supply has been trimmed. Bott
Supply from non-OPEC producers was revised down by 70,000 bpd for 2007 to 50.5 milli
"There is a possibility that over the first half we could see a significant tightening of crud
'Weak second quarter demand is a bit of a myth as far as crude oil is concerned because

-- <br>
Global Info Tech<br>
1744 World Oil Demand
www.polymerbiz.com
Growing
2/19/2007
(Oil Review )
Volume of non-oil exports from Iran to the United Arab Emirates (UAE) accounted for 16

According to TDOI Public Relation Department, Mehdi Fathollahzadeh added that Iran ex

Natural gas, pistachio, liquefied propane and hydrocarbons are among goods exported to

He pointed to the Arab country as Iran's most important economic partner in the current

He said that Asia is the largest continent of the world with a population of 3.9 billion peo

………………………………………………………………………………………………………………………
News Source : Iran Press<br><br><br>

-- <br>
Global Info Tech<br>
1745 16% of Iran's
www.polymerbiz.com
total non-oil
2/20/2007
exports shipped to UAE

Page 238
News

Europe : From the beginning of the month of February, the price of the ethylene in Europ

In the opinion of Market Sources, they stated that Shell lifted the force majored on its eth

Though, the forthcoming cracker upholding period is expected to exercise extra stress o

Some of the companies authority think that the future shutdowns are expected to more

In the meantime, PE market is expected to be stronger although it is slower season. LDP

Source :Polymerbiz <br><br><br>

-- <br>
Global Info Tech<br>
1746 In Future, Will
www.polymerbiz.com
the Ethylene
2/20/2007
Firm Got Shutdown in Europe?
Borouge has awarded a contract worth $1.3 billion to consortium of Linde Engineering an

The ceremony took place in the presence of senior UAE government officials and the Ger

The contract was signed by Abu Dhabi Polymers (Borouge) CEO Harri Bucht, Linde Group

The cracker is the first step in Borouge 2, the major expansion project being undertaken

"We are proud to be working closely with Borouge on what is a genuinely exciting projec

As well as the ethylene cracker, Borouge 2 will comprise the world's biggest olefins conv

………………………………………………………………………………………………………………………
1747 UAE - $1.3bn contract
Source: signed
2/23/2007
for ethylene cracker
gulfconstructionworldwide.com
Oil prices spiked on Wednesday and hover around US$60 a barrel for the first time this y

A combination of strong demand worldwide and tight supplies will likely continue to put p

………………………………………………………………………………………………………………………

News sourse : pm
1748 Oil prices Increase around
2/23/2007
US$60

Page 239
News

The next decade of research in crops improved by biotechnology will include a major role

Countries in Asia increasingly are investing in agricultural biotechnology research aimed

ISAAA is a nonprofit international network based at Cornell University in New York with c

Biotech crops, also known as genetically modified crops, increasingly are being grown in

The researcher, recently back from visiting several countries in Asia, said acceptance is

"The development of biotechnology will be a major development for all of agriculture" as

Plants with genes conferring some degree of drought tolerance, which are expected to b

India is emerging as a key biotech leader in Asia, surpassing China for the first time in th

In 2006, India tripled from the previous year the area it planted in biotech cotton, its firs

The other countries in the top eight in of terms of number of hectares devoted to growin

After cotton the next main crop to be commercialized in Asia likely will be "golden rice" -

China, the largest investor in Asia in biotech research, is expected to spend $200 million

India is projected to invest $80 million in 2007 to develop a national network of research

Already, with support for the U.S. Agency of International Development and Cornell Univ

He said Vietnam is investing $70 million for new biotechnology laboratories, equipment a

Developing countries would benefit significantly from establishing partnerships with pub

Biotech crops potentially can contribute to reduction of greenhouse gases, James said. B

The outlook to 2015 points to continued growth in the global number of hectares planted

1749 Asia seen as next focus 2/23/2007


of agricultural biotech production
...........…………………….……………………….………………………………………………………………
Saudi Aramco has announced that it will produce 1.5 million tonnes of polymer grade eth

In a statement the company said that an 800-ton regenerator vessel has been lifted into

The regenerator, which is 18 meters wide and 40 meters tall, was put into place 19 Janua
---------------------------------------------------------------------------------------------------------------<br><br
Source: SPA news agency
1750 Saudi oil company plans2/23/2007
major petrochemical project

Page 240
News

Oil rose to near $61 a barrel on Thursday after U.S. government data showed a sharp fal

Inventories of distillate fuels, which include heating oil, fell 5 million barrels last week aft

"(The numbers) were certainly bullish with the large distillate drawdown reflecting the de

Gasoline stockpiles fell 3.1 million barrels last week, compared with forecasts for a 100,0

REFINERY PROBLEMS <br><br>

……………………………………

Adding to bullish sentiment, a string of U.S. refinery problems and other operational snag

A fire over the weekend at Valero Energy Corp."s (NYSE:VLO - news) 170,000 bpd refiner

In addition, BP (BP.L) shut its 47,000 bpd North star oil field in the Beaufort Sea off Alask
Elsewhere, a pipeline carrying fuel to the densely populated U.S. Northeast was shut this

The operational problems come against the backdrop of rising tensions between the Unit

Tensions are also rising in fellow OPEC member Nigeria, ahead of April elections. Militant

OPEC next meets in Vienna on March 15, where the producer group will probably decide
The group, excluding Iraq and Angola , is on course to trim oil output in February by 500

bpd as members led by Saudi Arabia curbed supply further, consultant Petrologistics said

1751 Oil Jumps To $61 On Drop


2/25/2007
In Inventories
………………………………………………………………………………………………………………………
Saudi Basic Industries Corp. may find another location for a US$5.2 billion petrochemical

SABIC, the world's largest petrochemical company by market value, said that approval to

Speaking to reporters at the Red Sea port of Jeddah on Sunday, Prince Saud bin Abdullah

SABIC produces chemicals such as ethylene, used to make plastics for goods such as toy
............................................................................................................................................

1752 SABIC mightSource:


re-locate
chinaknowledge<br>
pending
2/26/2007petrochemical plant from China
Two joint venture contracts that mark significant milestones in the development of China
Province. It will be 55% owned by Sinopec, 22.5% owned by ExxonMobil and 22.5% owne
The Fujian Refining and Ethylene Joint Venture Project, located in Fujian Province, will ex
million tpa). The upgraded refinery will refine and process sour Arabian crude. In addition
……………………………………………………………………………………………………………………

News Sourse : pm
1753 sign ethylene JV in China
2/26/2007
Sinopec, Fujian Province , ExxonMobil and Saudi Aramco
As a storm moved toward the U.S. East Coast after dumping 2 feet of snow in the Midwe
This seems to be USA's last winter storm of the year, passing through the U.S. Midwest t

………………………………………………………………………………………………………………………
1754 Oil prices rise above
News US$61
2/26/2007
Source: PMin Asian trading

Page 241
News

With effect from March 1, 2007, or as contract terms allow, Dow plans to increase prices
This hike can be attributed to a robust demand for polyethylene resins coupled with high

………………………………………………………………………………………………………………………

News Source :pm

1755 Dow Europe announces2/26/2007


price increase for polyethylene resins
Iran, holder of the world"s second-biggest oil and gas reserves, expects to sign US$4 bill

Iran, holder of the world"s second-biggest oil and gas reserves, expects to sign US$4 bill

Iran has already signed US$4 billion worth of refining contracts in less than a year and "h

Nematzadeh didn"t name any of the contractors. The projects include expanding existing

Iran needs to invest US$15 billion to increase its refining capacity, Oil Minister Kazem Va

Iran, the second-largest oil producer in the Organization of Petroleum Exporting Countrie

Iran said in November it will let foreign investors acquire a majority stake in the develop

Iran in May signed a preliminary accord with Indonesia to build a US$5 billion, 300,000-b

It is also negotiating a US$3 billion refinery project with Malaysia , and holding talks with

Iran produces 1.6 million barrels of petrol a day, from nine refineries, Nematzadeh said.

The plan is to double the country"s refining capacity to 3.2 million barrels a day by 2021

About 620,000 barrels a day will be generated from gas condensates, the deputy oil min

At current production rates, Iran"s oil reserves will last 90 years, and gas reserves 200 y

…………………………………………………………………………………………………………
<br>
1756 Iran ExpectsNews
To Sign
Source
US$4b
2/26/2007
:Polymerbiz
Oil Refinery Deals

Page 242
News

Oil rose to near $61 a barrel on Thursday after U.S. government data showed a sharp fal

Inventories of distillate fuels, which include heating oil, fell 5 million barrels last week aft

"(The numbers) were certainly bullish with the large distillate drawdown reflecting the de

Gasoline stockpiles fell 3.1 million barrels last week, compared with forecasts for a 100,0

<b>REFINERY PROBLEMS </b><br><br>

……………………………………

Adding to bullish sentiment, a string of U.S. refinery problems and other operational snag

A fire over the weekend at Valero Energy Corp."s (NYSE:VLO - news) 170,000 bpd refiner

In addition, BP (BP.L) shut its 47,000 bpd North star oil field in the Beaufort Sea off Alask
Elsewhere, a pipeline carrying fuel to the densely populated U.S. Northeast was shut this
The operational problems come against the backdrop of rising tensions between the Unit
The group, excluding Iraq and Angola , is on course to trim oil output in February by 500

bpd as members led by Saudi Arabia curbed supply further, consultant Petrologistics said

………………………………………………………………………………………………………………………
1757 Oil Jumps To $61 On Drop
2/26/2007
In Inventories
KARACHI : Pakistan State Oil (PSO) issued a tender seeking up to 0.910 million tonnes of

1758 PSO issues Source:


tender for
Business
high-sulphur
2/27/2007
Recorder
fuel oil import
KARACHI (February 27, 2007): MCB Bank Ltd has entered into an agreement with Petroli

1759 MCB Bank and


Source:
Petronas
Business
2/27/2007
jointly
Recorder
bid for PSO
Reuters<br><br>

Jeddah: Saudi Basic Industries Corp (Sabic) may find another location for a $5.2 billion pe
Sabic, the world's largest petrochemical company by market value, says it has been wait
"We hope this approval gets completed so that we can go ahead with our investment in
"Sabic has alternatives in more than one country ... There are many opportunities in the

Sabic hopes a big plant in China will help achieve its goal of almost doubling output to 10
"We still believe the China market is promising and that the opportunity to invest in Chin
Sabic has been in talks on the project with China's Sinopec and Dalian Shide for three ye
The companies have been waiting for the Chinese authorities to approve the project for
Sabic said last April the project was on track after Chinese President Hu Jintao stopped a

1760 Three companies


Source:
toGulfnews
triple
2/27/2007
output
The Board of Executive Directors and Supervisory Board of BASF Aktiengesellschaft have

Source: BASF Media


1761 BASF plans transformation
2/27/2007
into a European Company (SE)

Page 243
News

By David Eldridge <br><br>

Freedonia forecasts demand growth for PLA and other natural polymers. <br><br>

27 February 2007 – Freedonia Group is forecasting 5.9% annual growth in US demand fo


This growth rate would take total demand from $2.70bn in 2005 to $3.59bn in 2010. The
Freedonia also expects average natural polymer prices to stabilise, reflecting declining p
The group believes that declining prices, attributable to improved production efficiencies
Freedonia did not reveal any production forecasts for PLA. Natureworks is the only volum

1762 Natural polymers onPRW


Source: the2/27/2007
rise in US
Reuters<br><br>

London: Oil resumed its climb away from $61 yesterday as world powers prepared to dis
US crude was up 28 cents at $61.42 a barrel by 1025 GMT. The market has recorded a h
London Brent was up 45 cents at $61.33.<br><br>
Some analysts see a building upward momentum for oil and note the latest data from th
"It is the first time this year that the large speculative funds are showing a net long posit

Source: Gulf News


1763 Oil prices climb on rising 2/27/2007
Iran tensions
1764 Nova to boostNova
EPSInnovene
output
2/27/2007
is aiming for increased EPS production in Europe through greater product
1765 Ticona extends
Ticona
Chinese
is planning
2/27/2007
investment
a series
plans
of investments in Asia across its engineering plastics portfolio
BASF is emphasising its international status with a plan to restructure itself into a Europe
According to chairman Dr Jürgen Hambrecht 'The European Company is a modern leg
The change would go a little deeper than just cosmetic. Dr Hambrecht said that the tr
In 2006 BASF posted approximately 60 per cent of its sales in Europe and employed a

1766 BASF to become


Source: truly
British
European
2/27/2007
& Plastics Industry News
All petrochemical products of Iran have been sold in advance in the international market
............................................................................................................................................
Managing-Director of Iran 's Petrochemical Commercial Company Mohammad-Ebrahim M

"Iran 's petrochemical outputs have been sold through pre-export and pre-financing. The

"Based on the adopted mechanism, buyers have paid the cost and price of Iran's petroch

He added that Iran's Petrochemical Commercial Company has no problem with opening f

"The petrochemical industries of Iran are among industries which have the highest share

1767 Iranian petrochemicals


............................................................................................................................................
sold
2/27/2007
in advance in int'l markets up to 2009

Page 244
News

Formosa Petrochemical Corp., Taiwan 's only publicly traded oil refiner, has postponed m

The plants, which turn the crude distillate naphtha into ethylene, typically require repair

The company has obtained official approval to postpone the shutdown after meeting gov

"We plan to shut the plant for maintenance when the new cracker is operational," said Li

The new cracker, which has an annual capacity to produce 1.2 million metric tons of ethy

Formosa, based in Mailiao, operates a third cracker with an annual ethylene capacity of 7

Taiwan's only other ethylene producer is state refiner Chinese Petroleum Corp. <br><br
............................................................................................................................................
Source: Bloomberg

1768 Taiwan - Formosa postpones 2/27/2007repair of naphtha unit


............................................................................................................................................

An increased production capacity and healthy demand growth for polyethylene (PE), wi
As an initial step, PE production will be expanded to 300,000 tpa this year, a significant i
Production of butadiene and propylene would be increased to 480,000 tpa late next year

............................................................................................................................................
News Source : PB
1769 Titan plans to capture a2/28/200750% market share of Indonesian polyethylene (PE) by end 2008
A new petrochemical project is being planned in Port Said, Egypt, at an investment outl
Cooperation of the Egyptian private sector has been instrumental in establishing this pro
<br><br><br>
............................................................................................................................................
News Source :PB

1770 Egypt to invest US$750 2/28/2007mln in project to produce propylene and polypropylene compound
............................................................................................................................................

A world-scale propylene oxide/styrene monomer (POSM) manufacturing project, to be b


............................................................................................................................................
1771 world-scale News
propylenesource : PM
oxide/styrene
2/28/2007 monomer project receives approval in China
Ten South Korean petrochemicals companies have been fined by the country's Fair Trade
The price rigging is said to have gone on since 1994. The three largest fines were lev

Source: British Rubber & Plastic Industry news<br><br><br>

Global Info Tech<br>


1772 Korean producers
www.polymerbiz.com
fined 2/28/2007
for price fixing on PP, HDPE
The 300,000 tonnes polypropylene plant being built by Repsol at Sines in Portugal will us
<br><br><br>
--
<br>Global Info Tech<br>
1773 Repsol names
www.polymerbiz.com
Spherizone2/28/2007
for new PP plant

Page 245
News

The new fair is a joint development. <br><br>

Demat, as organiser of the successful Euromold fair in Frankfurt am Main, has announce

Euromold Asia is being organised jointly with Messe Frankfurt Guangzhou and will be ma

The main aim, Demat states, is to even the path of European exhibitors and visitors to th

Guangzhou has been chosen for the site of the new fair as it is one of the largest centres

A special "Auto Mold" section of Euromold Asia will be devoted to automotive OEMs and

Demat is clearly banking on similar success in China as in Frankfurt with Euromold, estab

Source: PRW <br><br><br>

-- <br>
Global Info Tech<br>
1774 Demat launches Euromold
2/28/2007
Asia 2007
www.polymerbiz.com
Reuters<br><br>

Singapore: Oil extended gains into a fifth day yesterday, pushing towards a new two-mo

US light crude for April delivery was up 10 cents at $61.49 a barrel by 0631 GMT, after h

London Brent crude was up three cents at $61.36.<br><br>

"I am not sure how long it will last for, but there is an issue with Iran and it could be wort

World powers met on Monday in London and agreed to work on a new Security Council r

A US State Department spokesman said the world powers would hold phone talks tomorr

Renewed violence in Iraq and continued unrest in Nigeria also continue to threaten supp

"A welter of geopolitical factors are now moving closer to the fore in terms of market sen

Meanwhile, a cold snap in the US Midwest and Northeast, two key heating oil markets, ha

-- <br>
Global Info Tech<br>
1775 Oil holds above
www.polymerbiz.com
$61 over2/28/2007
Iran stand-off
The role played by plastics products in the staging of the 2012 Olympic Games is to be d
Representatives from the BPF attended the first 'Olympic Briefing', and then had a m

Source: British Palstic & rubber industry News<br><br><br>


-- <br>
Global Info Tech<br>
1776 How plastics
www.polymerbiz.com
will play a 2/28/2007
part in the Olympics

Page 246
News

Plans to build a propylene pipeline from Rotterdam / The Netherlands to Marl / Germany

The regional development authority LEG, majority stakeholder of the German operating

The European Pipeline Development Company said it regrets not being able to execute t

1777 Petrochemical markets:


Source: German
3/1/2007
Plastics pipelineEurope
Information plans shelved
Brazilian Petrobras' petrochemicals unit, Petrobras Quimica SA (Petroquisa) and textile fi

Petroquisa also plans to build a US$320 million joint venture named Citepe to produce ra

Production at the unit for raw materials for polyester is expected to start in early 2008. <

The two petrochemical units will be located in proximity to Petrobras' planned 200,000 b

Source: Plastemart.com
1778 Petrobras commences construction
3/1/2007 of US$862 mln PTA complexes
...........................................................................................................................................

Amcor- the Australian packaging major plans to sell its PET bottle operations in Europe.

This decision to hive off the European operations has been arrived at after a strategic re
In a similar review of its flexible packaging business in Europe, Amcor arrived at a decisi
The strategic changes will eventually lead to total asset sales of A$1 bln (€600 mln) and
............................................................................................................................................

News Source : WP
1779 Amcor to sell PET bottle operations
3/2/2007 in Europe
Chinese production of chemical fibres rose 24.3% to 20.26 M tonnes in 2006. The produc

Whereas Chinese imports of chemical fibres fell 15.8% to 1.18 M tonnes in Jan-Nov 2006

Profits in the Chinese chemical fibre sector were expected total about RMB Yuan 6 bn in

1780 Chemical fibres:


Source:
shaking
China3/2/2007
off
Chemical
predicament
Reporter
in China: overall improvement in 2006.
Hojjatollah Ghanimifard told Isna that the country has also increased its oil swap ties wit

"Iran"s crude oil exports have declined since summer, but oil swap contracts have regist

The official did not reveal the exact amount of the country"s oil export cut, but Isna said

Ghanimifard said Iran"s crude oil exports stood at 2.4 million bpd plus a 120,000 bpd oil

He expressed hope that Iran"s oil industry would boost export of oil derivatives in the co

Ghanimifard noted earlier that a portion of Iranian oil in the world market is exported fro

A UAE website claimed recently that the UAE has replaced Norway as the world's third la

It added that a Norwegian Energy Ministry spokesman said that Saudi Arabia topped the

The second portion is oil swap with some Caspian Sea littoral states in northern part of th

1781 Iran Cuts OilGhanimifard


Exports to 2.4mbpd
said
3/5/2007
the volume of Iran's oil swap reached 155,000 bpd in certain months o

Page 247
News

Soon, a new, greener alternative to conventional thermosets will be available in the form

In the REPLANT project, a research team from BC, the BioComposites Centre at the Unive
A key step was the development of a technique known as ozonisation to turn the vegeta

1782 New commercially


News source
viable:PM
3/5/2007
bio-resins thermosets derived from vegetable oils
The Board of Executive Directors and Supervisory Board of BASF Aktiengesellschaft have

News Source :PM


1783 BASF to become a European
3/5/2007
company

Where as in Europe , The market seems to be build up as In future the season will be hig

In Asia the market remained slow due to the Chinese new Year. Since the upcoming high

On the other hand, the impacts of these major reasons have not been directly experienc

-- <br>
Global Info Tech<br>
1784 PET Market www.polymerbiz.com
Will be Stable3/5/2007
in the Upcoming Season

Page 248
News

LONDON -- Oil prices increased slightly above $62 a barrel Thursday, pressured by conce

LONDON -- Oil prices increased slightly above $62 a barrel Thursday, pressured by conc

U.S. crude was up 12 cents at $62.12 a barrel in electronic trading after ending 33 cents

Oil prices have been volatile since a drop of nearly 9 percent on China"s main stock mar

Analysts said oil and other commodities could continue to be influenced by nervous stoc

"It is difficult to say which direction the next $5 on crude will take," Edward Meir wrote in

"It will probably be by only next week that we decouple from the equity markets altogeth

Crude prices bounded higher Wednesday in response to U.S. data that showed unexpect

Analysts said the fall in stocks offset concerns about a slowdown in U.S. growth after wea

"We are not unduly worried about U.S. demand being hit if the U.S. economy slows down

"The underlying supply-demand situation is quite tight," he said. <br><br>

The stock data, published by the U.S. Energy Information Administration, helped push th

After enjoying a rise in share price despite falling oil prices, major producers including Ex
1785 Oil Inches Above $62 In Nervous
3/5/2007Market

Page 249
News

TAIPEI (XFN-ASIA) - Formosa Plastics Corp (1301.TW) said its parent sales in February fel
Parent sales in the first two months of the year increased to 23.22 bln twd from 21.42 bl
In today's trade, Formosa Plastics closed up 0.50 twd at 57.00. <br>
(1 usd = 32.90 twd) <br>
pw/km

...........................................................................................................................................

1786 Taiwan 's Formosa Plastics


NEWS SOURCE 3/6/2007
Feb parent
: Xinhua sales 10.16
Financial bln twd
Network vs 10.68 bln
News
According to Market News Sources , After the consecutive decline in the previous month

In Turkey , the domestic producer publicizeD a $11/ton increase for March, at $1470/ton

Where as in Europe , The market seems to be build up as In future the season will be hig

In Asia the market remained slow due to the Chinese new Year. Since the upcoming high

On the other hand, the impacts of these major reasons have not been directly experienc

-- <br>
Global Info Tech<br>
1787 Upcoming season
www.polymerbiz.com
will give
3/6/2007
stability to the PET Market
After the completion of PS agreement in Europe , a big turn down placed in February. Ma

News Resources also stated that the primary styrene monomer agreement was set at €1

Following this progress, more manufacturers are estimated to publicize higher offers for

On the other hand, buyers contradict these objectives by spotting out that PS supply is a

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1788 European PS manufacturers
3/6/2007
look for rambles in the month of March
RTP Company has expanded its long fiber-reinforced thermoplastic (LFRT) capacity at Ch
RTP Company had significantly expanded its LFRT capabilities earlier this year with the o
News Source : PM
1789 RTP adds Long Fiber Thermoplastics
3/8/2007 line at Suzhou

Page 250
News

In a bid to meet growing demand from processors for food packaging applications, Malay

1790 Titan plans Indonesia's


to attain
For polyethylene
the month 3/8/2007
demand fordominance
of March in Indonesia
polyethylene
agreements, is not
PP being met by
manufacturers current production. Titan expec
publicized
increases of €35-55/ton in Europe-This is reported by the markets
resources after the mixed completions in February. Whereas some of the
buyers reported rollovers, and some of them concluded their deals with
a €35/ton increase.<br><br>

In this condition, the manufacturers are seemed to be determined for


attaining their targets in March although there are some parties which
stated that they conclude deals with increase and majority still had
not settled their agreements.<br><br>

The more over they have given explanations by spotting their aims to
upstream procession and also planning to close crackers during March
and April which could effect and reduction in the propylene supply
could occur. Therefore the buyers with less inventories are expecting
to stock up the propylene in advance before these line ups. The
forthcoming recurring renewal for PP is also anticipated to increase
the buying curiosity for marked propylene cargoes, although spot
values recently posted a decline of €10/ton on a weekly basis to
€880-890/ton FD NWE because of the comfy supply in the section. In
totaling, the Q2 propylene monomer contract is extensively expected to
resolve with increases, which supports PP producers in seeking
increases<br><br>

But the views are totally different from the buyers. As they
criticized and stated that they will be no change neither on demand
nor Supply for the propylene in Market as they consider it will be
balance equally. And they do not expect increase in price in the month
of March except some of them are not sure about the stability in the
prices in PP Contracts. There could be increase in price but not as
nominated amounts like €25-35/ton.<br><br>

While .the manufacturers and the buyers are not at any end result due
to the late discussions made in the last week .whereas manufacturers
are expecting enough increase so that they can easily hit their
required targets<br><br><br>

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1791 NWE PP manufacturers will
3/8/2007
be able to accomplish their required targets in March?

Page 251
News

The managing director of Bandar Imam Petrochemical Complex Tuesday announced that

The managing director of Bandar Imam Petrochemical Complex Tuesday announced tha

Abbas Nejad-Salim added the complex had exported petrochemical products to 25 count

According to managing director, the BIPC has exported 1.95 million tons of products to t

"Bandar Imam Processing Company has the lion's share in exports by exporting over 1.9

The complex's benzene was transported to Saudi Arabia, Singapore, India, Spain, Taiwan

China, South Korea, and France were also the importers of propane and butane the Band

Nejad-Salim said the BIPC was playing a key role in exporting non-oil products by produc

The Aromatic Unit of BIPC has had a 28 percent growth in its output within the first nine

The unit has produced 346 thousand tons of benzene, raffinate, liquefied gas, and xylene

The Aromatic Unit yearly consumes one million tons of naphtha supplied by Abadan Refi

BIPC has four aromatic and olefin units. <br><br>

Iran is the second largest petrochemical producer in the Persian Gulf littoral states, stand

National Petrochemical Company (NPC) predicted that 35 petrochemical projects would c

The inauguration of the projects in question by 2015 will considerably promote its status

Some parts of mentioned projects, including polyethylene, methanol, and olefin units are

1792 Bandar Imam Petrochemical


News3/8/2007
Source
Complex
: IranExports
press Fetch over $1b
Oil prices edged higher Wednesday ahead of U.S. government inventory data expected t
Light, sweet crude for April delivery on the New York Mercantile Exchange (Nymex) rose

The Brent crude contract for April gained 31 cents to $61.70 a barrel on London's ICE Fu

"Crude prices were helped higher on expectations that the (U.S. inventory) data released

Heating oil futures rose a cent to $1.7575 a gallon and natural gas gained 0.8 cent to $7

Department of Energy was expected to show a 1.4 million-barrel fall in gasoline stockpile

Kyle Cooper, director of research at IAF advisers in Houston, said traders will also be wat

News Source :(AP)


1793 Oil prices hover near $623/8/2007
a barrel

Page 252
News

The completion of a number of oilfield development projects in central Iran will result in

The completion of a number of oilfield development projects in central Iran will result in

Around $118 million in foreign currency as well as Rls.710 billion (about $75.7 million) ha

He added that the 30-month project, which began in November, is expected to boost the

The installation of output processing plants, desalination units, pressure boosters, wellhe

In addition, a natural gas injection well to collect the oil-associated gases of the field will

Zeighami also said that the Khesht Oil Field Development Plan, which is currently underw

He went on to say that the drilling of three new oil wells and the repair of another are ex

News Source : Iran Press<br><br><br>

-- <br>
Global Info Tech<br>
1794 ran Oil Output
www.polymerbiz.com
to Increase
3/8/2007
by 45,000bpd

Page 253
News

Iran says OPEC doesn't need to further reduce production after reports of decreased dem
<br>

Given the supply and demand figures, Iran believes that there is no need to decrease (O
<br>

He said OPEC should keep the 26.3 million barrels per day quota when it meets in Vienna
<br>

Since November the oil body has reduced its quota by 1.7 million bpd. Iraq is the only co
<br>

"If world (oil) prices do not fall dramatically, which is not likely based on (market) indicat
<br>

He also said the predicted second quarter drop in OPEC oil demand does still not pose a
<br>
<br>

NEWS SOURCE : UPI<br>


<br>
<br>

-- <br>

Global Info Tech<br>

www.polymerbiz.com
1795 No need to cut OPEC production:
3/8/2007Iranian official

Page 254
News

China National Petroleum Corp. has signed a deal for a refinery and ethylene plant in sou

CNPC agreed with the Sichuan provincial government Wednesday to build a refinery with

The deal signals a change in the competitive landscape in southwest China as the region

CNPC's existing refining facilities are located in the north, meaning it has to transport its

On Feb. 14, the company was awarded the right to become the sole investor in the CNY1

Together, CNPC and Sinopec account for 90% of all refining capacity in China, with the re

China National Offshore Oil Corp., or CNOOC, and China National Chemicals Import & Exp

No details were given on the scale of the investment in the Sichuan project, although the

Source: Market Watch <br><br><br>

-- <br>
Global Info Tech<br>
1796 CNPC signs www.polymerbiz.com
deal for new 3/8/2007
refinery, ethylene plant in SW China
Private Chinese firm Shide and Sabic may have to wait another year for approval on a $5

Saudi Arabia's Sabic, the world's largest petrochemical company by market value, said la

Sabic and Shide - which makes everything from appliances to chemical building material

If it goes ahead, it will be China's first petrochemical project built by a private company,

It would also give Sabic a coveted foothold in the world's second-largest oil consumer. Th

Source: Daily News


1797 Sabic`s $5bn China project
3/9/2007
is delayed
Husky is to consider whether it should put itself up for sale or merge with another compa
The Canadian injection machine manufacturer has engaged Citigroup Global Markets
Whether a sale or 'strategic combination with another business' will happen is played
Mr Schad said that while over the past decade Husky has made substantial investmen
President and chief executive John Galt confirmed that he and the Husky board were
The review was announced as Husky published its second quarter results for 2006 - 0
The company also revealed that it has cut its Bolton, Ontario, workforce by 85 and co
Over recent years Husky has been attempting to broaden its scope as a supplier of ge

-- <br>
Global Info Tech<br>
1798 Husky to consider
www.polymerbiz.com
sale or3/9/2007
merger

Page 255
News

UK company is developing bipolar plates. <br><br>

Bac2, the fuel cell materials company based in Southampton, UK, has announced a sign

Bac2 ceo Mike Stannard told PRW.com that independent testing by Portsmouth Universit

According to Stannard, testing in June of last year had yielded in-plane conductivity of th

The company said: "… the material now comfortably exceeds the US Department of Ene

Stannard said Bac2 is "aiming to be selling plates this year."<br><br><br>

Source: PRW<br><br><br>

--<br>
Global Info Tech<br>
1799 Bac2 racks www.polymerbiz.com
up conductivity
3/9/2007
improvement in fuel cell polymer
Dow Technology Licensing's world-leading UNIPOL™ PP Process Technology has been se
Aker Kvaerner will provide the basic engineering design and certain offshore equipment
UNIPOL™ PP Process Technology offers features such as simple and safe design, extrem

News Source : PM
1800 PetroChina GuangXi's new
3/12/2007
Polypropylene plant to use Dow's UNIPOL Technology
In a move to further solidify the company's position as a leading producer, Huntsman Co

1801 Huntsman breaks


Huntsman
ground
is3/12/2007
one
for of
Maleic
the world's
Anhydride
largest
plant
producers
at Geismar
of maleic anhydride, producing 300 mi
Dubai: Nissan expects to sell 29,500 light commercial vehicles (LCVs) in the Middle East

The carmaker is polishing is LCV strategy in the region by strengthening its distribution n

In the financial year ending March 2008, NissanNissan aims to sell a total of 140,000 pas

The figures do not include sales in Iran and Egypt. <br><br>

The separate LCV business unit will be fully operational from next month, Alavi said. <br

"As part of our commitment to the region we have set our goals of bringing new quality p

NissanNissan said the new unit will help in product enhancements and allow the compan
<br><br>
The carmaker plans to introduce five new vehicle models in the coming four years. <br>

Globally, it hopes to sell 470,000 units by in the current fiscal year. <br><br>

NissanNissan has achieved its target of selling 434,000 units worldwide one year ahead

1802 Nissan plans


"The
to boost
LCV business
LCV
3/12/2007
sales
is in
growing
Mideast
in importance for NissanNissan, both in terms of volumes a

Page 256
News

GS Engineering & Construction Co. Ltd. has been awarded a 681.1 billion won ($721.8 m

news Sourse :PM<br><br><br>

-- <br>
Global Info Tech<br>
1803 South Korea's GS Engg awarded
3/13/2007US$722 mln rder in Oman
www.polymerbiz.com
South Korean petrochemical companies saw their margins shrink in 2006 from a year ea

The average operating margin, or the ratio of operating profit to sales, for SK Corp. and s
<BR><BR>
"Despite a surge in crude oil prices, the prices of petrochemicals didn't go up, contributin
<BR><BR>
The sector's operating margin has fallen by more than half since 2004 when it was 15.9
<BR><BR>
The association predicted that the companies will not see a turnaround in their operating
<BR><BR>
However, petrochemical exports are expected to rise 6.9 percent annually to $24.8 billio
<BR><BR><BR>
Source: Yonhap
<BR><BR><BR>
-- <BR>
Global Info Tech <BR>
1804 S. Korea`s petrochemical
www.polymerbiz.com
3/13/2007
firms see drop in profit margins in 2006
A federal investigation has concluded that an explosion at the Illiopolis Formosa Plastics
The employee's error could have been prevented if Formosa and its predecessor, Borden
In 2003, the plant's new owner, Formosa, reported a similar incident at its facility in Bato
Among other problems, the board said:
* Not only was it too easy to override the safety valve interlock, but the reactors themse
* There was nothing on the bottom level of the plant to indicate whether reactors were in
* There was no way for people on the bottom level of the plant to communicate with peo
* Neither Formosa nor Borden had held a mass evacuation drill or conducted training for
News Sourse : PM<br><br><br>

--
<br>Global Info Tech<br>
1805 Formosa report
www.polymerbiz.com
blames 3/13/2007
owners for plant failure and explosion

Page 257
News

TEHRAN — Bandar Imam Petrochemical Company (BIPC) has produced over 4.7 million t

Gas liquid, raffinate, heavy polyethylene, polypropylene, chlorine, and light polyethylene

BIPC produces 30 kinds of petrochemical products which are used for the production of p

The company's products are also utilized for the production of detergents, toys, threads,
<br> <br>
The BIPC's products play significant role in feeding other petrochemical units, meeting d

1806 BIPC produces


Newsover 4.7m
sourse3/14/2007
tons of products
:Tehran Times
India and China are significant contributors to the rising petrochemical demand. Worldwi

Polymers demand has increased in the country in 2006. According to ChemSystems Onli

Indian Oil Corp will bring online its 800,000 tonne/y ethylene facility at Panipat, Haryana

Ethylene capacity in India will climb to 5.1 M tonnes/y by 2013 from 2.8 M tonnes/y in 20

Source: Chemical Business Newsbase


1807 Asia - Driving expansion3/14/2007
in petrochemicals
Borealis has introduced a new grade Borclear RB709CF that will yield transparent polyp
News Sourse :Borealis

1808 New transparent polypropylene 3/14/2007 film with improved clarity


CSEMP, the French plastics packaging and film industries trade association has announce
Profit margins continue to decline, as producers are faced with a situation where it is not
...........................................................................................................................................
1809 rench plastics
News packaging
Sourse3/14/2007
:PM
and<br>film industry records 2.4% increase in salesin 2006
Asia, the ethylene market has been bearish since the initiation of February. Prices have p

Concerning the shutdowns, quite a few crackers with a total capacity of around 1,600,00

For the moment, soft surface crude oil prices have recently contributed to the price decl

Down Fall, the effects of the falling ethylene prices have been felt. The buying interest h

...........................................................................................................................................

News source: Polymerbiz WP


1810 Ethylene prices go under
3/14/2007
the surface in Asian Market

Page 258
News

(Polymerbiz News) <br><br>

................................................................................... <br><br><br>

In Pakistan Market For the moment, soft surface Asians Suppliers PE,PP prices have rece

Stable, the effects of the move ethylene prices have been downstream. The buying inter
Grade offered $1290-1300, PP, Copolymer offered $1310-1340 CRF Pakistan cash. Inside

............................................................................................................................................
1811 Pakistan Market Surface3/14/2007PP PE Prices in Asians suppliers
Dow Europe has announced a price increase across the European and the Middle-Eastern
............................................................................................................................................
News sourse :PM<br><br><br>

1812 Dow announces


............................................................................................................................................
price increase
3/14/2007 for polycarbonate, PC compounds and blends
Dow Technology Licensing's world-leading UNIPOL™ PP Process Technology has been se
Aker Kvaerner will provide the basic engineering design and certain offshore equipment
UNIPOL™ PP Process Technology offers features such as simple and safe design, extrem
...........................................................................................................................................
1813 PetroChina News
GuangXi's Sourse new
3/15/2007
: PMPolypropylene plant to use Dow's UNIPOL Technology
Light, sweet crude for April delivery rose to US$58.41 a barrel in Asian electronic trading

At its meeting in Vienna, Organization of Petroleum Exporting Countries (OPEC) is expec


............................................................................................................................................
News Sourse: PM
1814 Oil prices rise on eve of 3/15/2007
OPEC meeting
German standards for polypropylene (PP) pressure pipes have been revised, creating a n
PP-RCT is a random copolymer with a crystalline structure.
According to Borealis, the structure gives improved pressure resistance at elevated temp
The plastics major, which is now offering the material under the trade name Beta-PPR, cl
Borealis said: "PP-R materials were brought to the market more than 20 years ago and h
<br><br>
The company said that its Beta-PPR satisfies all key European drinking water regulations

News Sourse : PRW


1815 Opens up new category3/15/2007
for PP water pressure pipes.

Page 259
News

Polymerbiz EYE <br><br>

Asian Market surface ABS requirement has been sluggish for a while as most buyers in C

At the moment, sellers emerge firm in their offers, ahead support from the high styrene

Alike dynamics are also valid inside Fareast, and China . Insist is allegedly still poor, and
Meanwhile, traders say they need to meet their instantaneous requirements soon, althou
Now, many buyers consider that ABS prices will stay firm, while some supplier hope for a

………………………………………………………………………………………………

-- <br>
Global Info Tech<br>
1816 ABS producers
www.polymerbiz.com
waiting for
3/15/2007
recovery in Asian market
POLYMERBIZ EYE <br><br><br>

By RF Federal Customs Service data, in January-November, 2006, Russia's export of chem

The deal of chemical products export to far-abroad countries was 5%, what is 0.6% decre

In January-November physical quantity of exported anhydrous ammonia grew by 11.7%,

The deal of chemical products export to CIS countries decreased by 0.6% to 9.1%. This e

Physical quantity of exported nitrogen fertilizers grew by 77.6%, complex fertilizers – by

For eleven months of 2006, Russia exported 3.328 million tons of anhydrous ammonia fo

News Source :Russian press<br><br><br>

-- <br>
Global Info Tech <br>
1817 RUSSIA EXPORTED
www.polymerbiz.com
CHEMICAL
3/19/2007
PRODUCTS FOR 14.2 BILLION DOLLARS

Page 260
News

Polymerbiz Eye <br><br><br>

OPEC, the producer of 41 percent of the world's oil, probably won't cut output at a meeti

OPEC, the producer of 41 percent of the world's oil, probably won't cut output at a meet

The Organization of Petroleum Exporting Countries, whose members will meet in Vienna

Prices are right about where OPEC wants them to be, so they will take no action,"" said P

The U.S. is at odds with Iran, the second-biggest producer in OPEC, over its nuclear resea

OPEC agreed to reduce supplies at its two earlier meetings by a combined 1.7 million ba

No Cut Needed <br><br>


Kuwaiti Oil Minister Sheikh Ali-Jarrah al-Sabah and Qatari Oil Minister Abdullah bin Hama

If there's compliance with the previous cuts, the market will be balanced and there won'
OPEC completed in February about 60 percent of the supply cuts it agreed to last year a
Compliance is ``very good,"" United Arab Emirates Oil Minister Mohamed al-Hamli, who i

IEA"s Stockpile Warning <br><br>


The International Energy Agency, an adviser to 26 oil- consuming nations, said OPEC ma

Oil inventories in Organization for Economic Cooperation and Development nations have

So far, most signals by OPEC suggest that there will be no change in output targets at its

Global demand is expected to rise 1.8 percent this year, to 86 million barrels a day, the I

Including Iraq and Angola, the two members that haven't cut output, production from all

Attack Speculation <br><br>


The U.S. has two aircraft carriers, the USS John C. Stennis and USS Dwight D. Eisenhowe

Ensuring oil tankers pass uninterrupted through Hormuz is one of the missions for the tw

An attack on Iran by the U.S. or Israel would send oil higher, Charles Robertson, the chie

There's an awful lot of speculation in the last few weeks that it's possible there will be a

U.S. Defense Secretary Robert Gates said Feb. 2 the U.S. isn't planning to attack Iran, an

`It's a show of strength,"" Ebel said. ``I wouldn't think it is a prelude to an invasion or a w

Increased Output <br><br>

OPEC members will produce about $635 billion worth of crude oil this year, based on Feb

OPEC does not need to make any further output cuts to support oil prices,"" Leo Drollas,

During the past two years, oil supply from non-OPEC countries didn't rise as much as the

The CGES expects OPEC"s


Pagedaily
261 crude output to rise to 31 million barrels in the final qua
............................................................................................................................................
News

............................................................................................................................................
Polymerbiz Eye<br><br><br>
Strong inventories with the producers, pressured by abundant availability in the Far East
Tight supplies ensured that propylene markets remained strong in Asia, as S.Korean car

............................................................................................................................................
News source : WP<br><br><br>

- <br>
Global Info Tech<br>
1819 Ethylene prices
www.polymerbiz.com
dip as propylene
3/20/2007remains strong in Asia
............................................................................................................................................
Polymerbiz Eye <br><br><br>
............................................................................................................................................

A part of its plans to expand beyond India,


Reliance Industries is reported to be in advanced stage of discussions with North Americ
............................................................................................................................................
1820 Rliance Industries
News Sourcein talks3/20/2007
: with
PM Nova Chemicals :
............................................................................................................................................
Polymerbiz Eye<br><br><br>
............................................................................................................................................
German standards for polypropylene (PP) pressure pipes have been revised in 2006. Th

According to EN ISO 1043 designations, PP-RCT is a PP random copolymer with special cr


A wider internal diameter gives pipes a higher hydraulic capacity, thus benefiting system

Borealis is the first company to offer this new solution, marketed under the trade name B
............................................................................................................................................
News Source : PM<br><br><br>

-- <br>
Global Info Tech<br>
1821 German Standard
www.polymerbiz.com
for Polypropylene
3/20/2007 Pressure Pipes revised
............................................................................................................................................

Polymerbiz Eye<br><br><br>

China's domestic ABS market continued to remain dull. Demand maintained a bearish to

............................................................................................................................................

-- <br>
Global Info Tech<br>
1822 ABS prices fall
www.polymerbiz.com
on dull demand
3/20/2007
from China.

Page 262
News

............................................................................................................................................

Polymerbiz Eye <br><br>


Japan's February naphtha imports for ethylene production fell 9.3 percent from January t

The drop, due to fewer days in February, follows a 4.4 percent on-month rise in January.

The value of last month's naphtha imports also fell 2.6% to $545.4/ton from January, acc

Naphtha is used as a feedstock in the production of ethylene, a base chemical used to m


............................................................................................................................................
News Source: Dow Jones <br><br><br>

-- <br>
Global Info Tech<br>
www.polymerbiz.com
1823 Japan - Feb naphtha imports
3/20/2007
for ethylene down 9.3 percent on month
Polymerbiz Eye <br><br><br>
Europe, numerous Polyethylene producers are in quest of amplify in April. They emerge
For the meantime, many Traders observation that there is not a big supply problem to su
Traders also note that demand will not be as strong as producers claim because of recur
As a effect, ideas about March be at variance between buyers. Some EU Countries PE pr

............................................................................................................................<br><br>

Sources :Wp<br><br><br>

-- <br>
Global Info Tech<br>
1824 Polyethyleneproducers
www.polymerbiz.com
in
3/21/2007
Euroap turn from pre-buying?
Polymerbiz Eye <br><br><br>
April PVC offers by Japanese suppliers Reported a cut by US$20-25/MT, with deals conc

Orbit at foremost plants has kept the market prices for VCM steady across Asia, due to ti
............................................................................................................................................
News source PM<br><br><br>

-- <br>
Global Info Tech<br>
1825 Cut in April www.polymerbiz.com
PVC prices by3/21/2007
Japanese suppliers

Page 263
News

Polymerbiz Eye <br><br><br>


In a progress that is aimed to further improve the company's European asset competiti
Phasing out of research and development activities in Norway
Focus on and accelerate improvement capability in Austria, Finland and Sweden, as well
Move its business management currently situated in Mechelen, Belgium, to its head offic
The consolidation of management in one location will improve coordination and effective
............................................................................................................................................
News source : pm<br><br><br>

-- <br>
Global Info Tech<br>
1826 Borealis plans
www.polymerbiz.com
restructuring 3/21/2007
in Europe
Polymerbiz Eye <br><br><br>
As part of a move to tap the tough demand in increasing markets of China without its m
Samsung plans to open more offices in business centres such as Beijing, and will no long
BP is the world's largest producer of PTA, while over 50% of Samsung's 1.8 mln ton PTA p
...........................................................................................................................................
News Source : PB<br><br><br>

-- <br>
Global Info Tech<br>
1827 Samsung towww.polymerbiz.com
see the sights 3/21/2007
Chinese market without BP Plc.
Polymerbiz Eye <br><br><br>
In Asia aromatics market in stay put lackluster on Monday, as benzene prices down at
Toluene prices chop down for April shipment, but May prices were appraise higher at US
............................................................................................................................................
News Sourse :polymerbiz<br><br><br>

-- <br>
Global Info Tech <br>
1828 SM market remnants
www.polymerbiz.com
dull
3/21/2007
in Asia Benzene price fall
Polymerbiz Eye <br><br>
The Kuwait and Gulf Link Company is interested in the strategic sale of Pakistan State Oi
............................................................................................................................................
1829 KGL eyes PSO
News bidsource3/22/2007
: Kuwait Times

Page 264
News

Polymerbiz Eye <br><br><br>

U.S. gasoline stocks declined by 3.4 million barrels to 210.5 million barrels in the week

Interestingly, crude inventory rose by 4 million barrels to 329.3 million barrels, more tha
............................................................................................................................................
News Source : WP

1830 Larger than expected drop 3/22/2007


in gasoline inventory triggers oil prices hike
...................................................................................................................................<br><
Polymer Eye<br><br><br>
Polyolefins major Borealis has decided to build a 350,000 tpa LDPE plant, using Basell tu
As part of its scrap and build philosophy, the company will phase out three old LDPE line
............................................................................................................................................

1831 Borealis to build


NewsaSource
350,000
3/22/2007
:PMtpa LDPE plant in Sweden
Polymer Eye <br><br><br>

AMI forecasts 3 per cent annual growth to 2010. <br><br>

22 March 2007 – Masterbatch demand in Europe is predicted to grow annually by 3% to

The UK-based plastics consultancy said the market for European masterbatch has exper
<br><br>
The main drivers for growth have been: the penetration of masterbatch into the enginee

AMI said the European masterbatch market is the world's largest and that Europe is a ne

The UK has not benefited from the growth in the European market, dropping its market s

In terms of sectors, white masterbatch was the largest in the market in 2006 (29%). Colo

............................................................................................................................................

News Source : PRW


1832 Masterbatch market in 3/22/2007
Europe continues upwards :
ExxonMobil Chemical has announced the successful completion of the expansion of its st

...........................................................................................................................................
1833 ExxonMobilNews
completesSource expansion
3/25/2007
: PM of its steam cracker in Singapore
Qatar Petroleum could may bid for chemicals maker Petkim Petrokimya Holding AS, an is

Expansion is being planned by Middle Eastern petrochemical makers to benefit from abu
............................................................................................................................................
News Source : PM
1834 Qatar Petroleum, could 3/25/2007
bid for Petkim Petrokimya

Page 265
News

Polymerbiz Eye

In Asia, ethylene prices have been in a downward trend for awhile, as reported earlier i

China, domestic producers took action to stabilize the local PE market this week. Produce

In the interim, Asian producers are yet to announce their April offers. They are perceptiv

Current offers for HDPE film are reported at $1250-1290/ton, sight L/C. The theoretical C

In the Pakistan market, Asian HDPE film offers are reported mostly stable at $1300-1330

...........................................................................................................................................

News Source: Polymerbiz

1835 PE Market fall in Asia region


3/25/2007
Polymerbiz Eye
<br>

Shell Global Solutions engineering and analytical technology manager (Asia-Pacific Serv
<br>
Shell Global Solutions, the technology arm of the Royal Dutch/Shell group, is involved in

1836 Shell Global Solutions' to


3/27/2007
focus on Shell's ethylene cracker in Singapore
PolymerBiz Eye

Brazil's state-owned oil and gas company Petrobras plans to set up a petrochemical com
Petrobras, Braskem and oil and gas distributor Ultra, announced a deal to jointly buy the
News Source :WP

1837 Petrobras to set up petrochemical


3/27/2007 complex in Southeast Brazil

Page 266
News

Polymer Eye

Unrest in the Middle East region and Nigeria rose, causing oil prices to catapult past US
<br><br>

Iranian naval vessels are reported to have seized 15 British sailors and marines in Iraqi w
<br><br><br>News Source :Pm

1838 Oil prices catapult past


3/27/2007
US$62 a barrel on Friday
Polymerbiz Eye <br>
MITSUBISHI CHEMICAL and PT TITAN PETROKIMIA NUSANTARA INTERINDO plan to build a

Company sources told the newspaper Investor Daily that the two companies were lookin

Meanwhile, chairman of the Indonesian Association of Olefin and Plastic Industry, Didiek

News Source: Asia in Focus

1839 Mitsubishi Chemical, Titan


3/27/2007
to build ethylene plant in Indonesia
Polymerbiz Eye
<br>

The average annual oil demand of China is estimated to grow at 6.5% pa till 2010. By t
<br>
This scenario of growing robust demand for oil refining and petrochemicals has made Ch
............................................................................................................................................
News source PM

1840 Foreign petrochemical majors


3/27/2007
ramp up investment in China

Page 267
News

Polymerbiz Eye
<br>
Capacity raised to 900,000tpa.
<br>
26 March 2007 – ExxonMobil Chemical has completed the expansion of its petrochemica
With the successful expansion of its steam cracker to drive up ethylene production capa
<br>
As anticipated when the project was first announced in 2005, the ethylene capacity of th
<br>
ExxonMobil Chemical Asia Pacific manufacturing director Lynne Lachenmyer said: "We a
<br>
............................................................................................................................................
<br><br>
News Source : PRW

1841 ExxonMobil completes ethylene


3/27/2007expansion in Singapore
PolymerBiz Eye<br>
Past Few Week, smudge styrene chop down by $20-30/ton in the middle of march after f
<br>
whilst various took last week’s move as a sign that the styrene market was weakening, p
<br>
In accumulation, there is a long list of styrene maintenance shutdowns in the region, wh
<br>
At the same time, PS demand is expected to pick up in April, when converters should sta
1842 Styrene Progress Stable3/27/2007
in Asian Region:
PolymerBiz Eye<BR>
Deteriorating relationship between Iran and the West and last week's further falls in U.S.

<BR>Tensions with Iran escalated after the United Nations voted to impose new and tou
<BR><BR>News source :PM
1843 Oil prices spike to their 3/27/2007
highest level in 2007
Tests have shown no migration, the company says. <BR>

26 March 2007 – PolyOne has launched liquid colourants for use in bioplastics in biodegr
The concentrates, which are European food contact compliant, are based on sustainable
PolyOne said testing has shown no significant migration even after a long ageing period.
The company has aimed to make adoption of the new colorants as easy as possible, say
The colourants are part of PolyOne’s OnColor Bio portfolio. Standard colours have been d
In the French market, PolyOne has already provided colours for biodegradable starch bas
The company is supporting customers with a service to produce bottles in its laboratory
.........................................................................................................................
<BR><BR>News Source :PRW
1844 PolyOne launches colours 3/27/2007
for bioplastics
Saudi offer could nudge the USD12bn mark. <BR>

27 March 2007 – Saudi Arabia’s Sabic group will make a bid to buy GE Plastics during the
The $7bn turnover GEP business, famed for its Lexan and Noryl polymers, was put up for
Speculation on bidders has included a combination of private equity firm Blackstone and
Sabic, 70% owned by the Saudi government, has been expanding its product breadth fro
News Source : PRW
1845 Sabic joins GEP auction,3/27/2007
FT reports

Page 268
News

Polymer Biz eye Middle Eastern producer announced its April offers at a upturn to consid

For the moment, the producer move over its April PP contracts in Lebanon and Syria. The
<br>
Meanwhile, players in Turkish market that the manufacturer's new offer plunk $10-20/to
<br>
&or the meantime, the producer has not given its new offers for April to the Chinese mar
<br>
............................................................................................................................................
<br><br>
1846 A Mideast producers
Polymer Biz concern
3/29/2007
Eye PP proffer for April
Polymer biz Eye
<br>
………………………
<br><br>

South China's Guangdong Province, government officials plan to construct oil reserve am
The province's annual petrochemical industry output is expected to grow to 730 billion y
<br>
Despite this, local production is not ample to meet demand. The province has to import

………………………………………………………………………………………………………………………
<br><br>
1847 GuangdongNews Source
Province :PZto more than double petrochemical output by 2010
plans
3/29/2007
Polymer Biz Eye<br>

BASF plans to increase capacity for its styrenic foam Neopor at Ludwigshafen , Germany
At Ludwigshafen, BASF will gradually switch production of Styropor (its EPS insulation ma
The first expansion will take Neopor capacity to 100,000 tpa in a project set to be compl
1848 BASF to expand
Ulsan,
capacity
South3/29/2007
Korea
in Europe
, has, been
Southchosen
Korea for
as the
styrenic
second
foam
global
Neopor
production site for Neopor an
Polymer Biz Eye<br>
The company's Dutch plant will receive a 180,000tpa boost.
<br>
Dow Polyurethanes is raising polyols capacity at Terneuzen in the Netherlands by 180,0
<br>
Dow said global demand for polyols continues to rise as the use of rigid, flexible and mou
<br>
The polyols boost is supported by construction of new capacity of the feedstock hydroge
<br>
At Stade in Germany, Dow has also completed a 40,000tpa expansion of capacity for pro
<br>
Dow Polyurethanes business vice president, Pat Dawson, said: "Europe is a critical region
<br>
1849 Dow Polyurethanes
News Source
to increase
3/29/2007
: PRW polyols capacity
capacity<br>As a result of expansions in PO and PG production at it's Stade, Germany fa

Upon completion in 2009, expansions at Stade will make it the world's largest PG facility
<br><br>
News
1850 Dow increases source
global :PM
propylene
3/30/2007
oxide and propylene glycol

Page 269
News

Warburg Pincus, the U.S. buyout firm will invest US$175 mln in Titan Petrochemicals Gro
The New York-based buyout firm will buy US$75 million of stock, convertible preferred sh
<BR><BR>

1851 Warburg Pincus


Newsinvests
Source: 3/30/2007
inPBTitan Petrochemicals
polymer biz Eye<br>
Sabic could bid around $12bn for General Electric's plastics unit, the Financial Times rep
<br>
............................................................................................................................................
<br><br>
1852 Sabic mullsNews
$12bnSourceplastics
3/30/2007
:Amebid Info
polymer Biz Eye<br>
Oil prices briefly surged over $68 and hovered around $65 a barrel on Wednesday over t
<br><br>
1853 Oil surges on
NewsIranSource
tension 3/30/2007
: Ame Info
Polymer Biz Eye<BR>
Turkish market, buying concentration for Chinese PVC was portray as unmoved, while i
<BR>
Although Turkish buyers are currently hang about away from this origin, Chinese exporte
<BR>
Meanwhile, further Asian offers to Turkish market are reported strong to higher this wee
<BR>
Despite this current slowness, most traders claimed that the low end of the Asian PVC pr
<BR>
But, it was learned this week that Asian producers have abortive to achieve their ramble
<BR>
...........................................................................................................................
<BR><BR>
1854 PVC procedures
NewsinSource China 3/30/2007
:Polymerbiz
raise up, no surprise even so
Polymer Biz Eye<br>
<br>

Middle East's bigger petrochemical producer Iran, holder of the world"s second-biggest o
<br>
Iran, holder of the world"s second-biggest oil and gas reserves, expects to sign US$4 bill
<br>
Iran,will improve ethylene sales to Asia in the Q2 of 2007 when state-run National Petro
<br>
Iran is developing its affluent Natural gas reserves to make privileged- valued raw mater
<br>
The three crackers, which will more than double Iran's ethylene capability, ``will put con
<br>
National Petrochemical's further two new plants, in the Pars Special Economic Zone on th
<br>
1855 Iran to Improve
Ethylene,
Ethylene
made
4/2/2007
Sales
frominthe
Asia
crude concentrate naphtha and gas, is the essential building bl

Page 270
News

Polymer Biz Eye


<BR>
Malaysia's biggest petrochemical company, Titan Chemicals Corp plans to make more a
<BR>
The company is in the process of accepting tenders for the PP expansion project. A new
<BR>
Titan will begin an expansion in April and spend the amount over 3 years, Titan sources
<BR>
We've been looking at Indonesia as tactical for our growth along with a couple of other m
<BR>
Titan, stand in Kuala Lumpur, intend to escalate capacity in Asia amid inflammation dem
<BR>
The company's profit last year missed a forecast of 610 million Ringgit as higher prices o
<BR>
The company will increase its capacity in Malaysia 20 percent by building a butadiene ex
<BR>
Construction will start at the end of April and the butadiene plant will begin operating at
<BR>
Titan Source Reported Company want to invest in other Asian countries where there is g
<BR>
Petrokimia, the largest polyethylene producer in Indonesia which Titan bought for US $78
<BR>
The Indonesian factory can produce 450,000 tons of polyethylene a year, increasing Tita
<BR>
The plant will sell to users in Indonesia, which currently imports much of its polyethylene
<BR>
Titan's profit rose 38 percent last year to a record 366 million ringgit and sales gained 27
<BR>
Titan Officals said Polymer margins, or the difference between raw material and plastic p
<BR>
1856 Titan to get………………………………………………………………………………………………………………………
attainment,inflate
4/2/2007
Malaysian capability

Page 271
News

Polymer Biz Eye<br>

IN European PE manufacturer have preferred Eur40-50/MT amplify for April, seeking to in


<br>

The burly stipulate in Quarter 1 subsist forecast to remain in April and May, as converter
<br>

A Euro, €35-40/MT raise in Q2 ethylene has to be concentrate on in April," one maker sai

<br>

Using the Q2 ethylene CP of Eur890-900/MT FD Europe and current LDPE repellent levels

<br>
European PE traders estimated an April increase in proportion to the increase in Q2 ethy
<br>
Buyers accredited the presence of some bearish factors in the market as well. The signif

<br>

In accumulation to possible downhill pressure from Asia, some buyers probable to posse

<br>

Although these affirmation voiced by PE players, manufacturer keep on positive about A

<br>
<br>
News Source :polymerbiz
1857 PE producers in Europe Get
4/2/2007
to perk up margins in Q2 April
Polymer Biz Eye<BR>

Oil prices Keep on to climb in Asian trading alongside with growing tensions between Iran
<BR> Crude prices did fall earlier in the day after the British government said it was in d
<BR>Iran is located along the Strait of Hormuz, through which tankers ship about 17 m
<BR>...................................................................................................................................
1858 Oil prices keep
<BR><BR>News
on to climb 4/2/2007
nearby
Source with: polymerbiz
tensions among Iran and Britain.
Polymer Biz Eye
<BR>
The growing environmental problem of plastic waste seems to have found yet another so
Currently, the research is investigating the properties of polymers created from poultry
............................................................................................................................................
1859 Biodegradable
<BR><BR>News
polymers 4/2/2007
fromsource
poultry: feathers
PM

Page 272
News

Polymer Biz Eye


<br>
Although ethylene suppliers plummet offers to level US$880-900/Mt FOB Korea for Spril
<br>
In asia ethylene prices continued to fall last week pressurd by ampleavails for april and
<br>
Korea. Buying give the impression to have slowed down from most end-users in Taiwan,
<br>
Propylene prices also fall down expand due to increasing supply from South Korea and T
1860 Polymerbiz <br>
Eye in Asia ethylene
4/3/2007
and propylene prices fall?
Polymer Biz eye
<br>
In china Pvc Markets offers kept basically strong as no invigorate constructive Aspect ha
<br>
Curtail the upward since last week, the market offers for PS constant to climb humbly, w
<br>
1861 PVC, PS, PP markets in China
4/3/2007
Polymer Biz eye<br>

China Petroleum & Chemical Corp. (Sinopec) is to Central China's largest ethylene plant.
This capacity has been planned to meet the central government plan to raise the countr

1862 Sinopec to build Central China's


4/3/2007largest ethylene plant
Polymer Biz eye
<br>
Oil prices saw a marginal increase in prices on reports of a U.S. citizen missing in Iranhas
Iran is located along the Strait of Hormuz, through which tankers ship about 17 million b
<br>
News Source : PM

1863 Oil prices rise on reports 4/3/2007


of a U.S. citizen missing in Iran
Polymer Biz Eye <br>
The Turkmenistan Commodity and Raw Materials Exchange signed 27 contracts worth U
<br>
Lint cotton and yarn was also purchased by British, Swiss, Virgin, and Seychelles and Ru
<br>
Russian, Indian, UAE, Pakistani, Swiss, Turkish, US and Virgin Islands traders procure gre
<br>
News Source: YarnsandFibers
1864 Turkmenistan: 27 contracts 4/3/2007
worth $72mn signed
Polymer Biz Eye <br>
China's oil and petrochemicals industry continues to boom. Sales rose 28% in 2006 to EU

1865 China: Petrochemicals industry


4/3/2007
of China again posts record profits.
Polymer Biz Eye <br>
Three separate ceremonies took place at the Ethylene Cracker Complex on Pulau Bukom
<br>
Land reclamation works by JTC Corp for the cracker project have been successfully comp
<br>
News Source: PM
1866 Malaysia: MEG plant of Shell
4/3/2007
on Jurong Island on target

Page 273
News

Polymer Biz Eye <br>


Work on progress at the Laffan Refinery site at Ras Laffan Doha: Construction activity ha
<br>
Laffan Refinery, a joint venture among QP (80%), ExxonMobil (10%) and Total (10%) has
<br>
The refinery, a 100% export-oriented project, would produce LPG, naphtha, heavy napht
<br>
"The construction activities are in full swing," Qatargas said, after the Laffan Project achi
<br>
Foundations for most of the equipment are in place and purchase orders for the equipme
<br>
Qatargas said the underground piping work was also in progress. Work on the East-West
<br>
The construction of the main electrical sub station is nearing completion and is expected
<br>
The pipe fabrication shop, warehouse and equipment storage facilities at the refinery sit
<br>
Qatargas said the project was now in its final phase of detailed engineering at the contra
<br>
The engineering, procurement and construction (EPC) contract was awarded to a consor
<br>
The EPC contract also involved the establishment of associated storage and export facili
<br>
Currently, there are about 2,100 workers assigned to the project. The EPC contractor rec
<br>
Sources said the Laffan Refinery would help both Qatargas and RasGas process rising vo
<br>
With six huge LNG trains being set up by RasGas and Qatargas, QP might consider anoth
<br><br>
Source: Gulf Times Newspaper
1867 Qatar: Laffan Refinery on4/3/2007
track to meet 2008 completion target
Polymer biz Eye <br>
Oil prices dipped today as the market was soothed by the potential for a diplomatic solut
<br>
US light crude for May delivery fell 22 cents to $65.72 a barrel by 0348 GMT, after rising
<br>
Prices pulled back after comments from Ali Larijani, the secretary of Iran's Supreme Nati
<br>
"I think there is going to be a peaceful resolution," said Tony Nunan, a manager at Mitsu
<br>
The two countries are at odds over whether the British sailors and marines had been in I
<br>
Exports from neighbouring Iraq rose in March to 1.62 million barrels per day (bpd), their
<br>
But analysts say it would be difficult to replace the roughly 2.5 million bpd of oil exported
<br>
The heightened tension over Iran has widened the spread between U.S. crude and Brent
<br>
US refinery glitches and a drawdown in fuel stocks in the world's top oil consumer ahead
<br>
But US and European fuel supply concerns have eased after the end of an 18-day strike
<br><br>
Source: The Irish Times
1868 Oil falls on talk of Iran dispute
4/3/2007
resolution

Page 274
News

Polymer Biz Eye <br>


Rhodia Polyamide Co Ltd is considering constructing an adiponitrile facility in Asia to boo
<br>
Source: Financial Times Information Ltd

1869 South Korea: Rhodia considers


4/3/2007
adiponitrile plant in Asia
polymer Biz Eye China <BR>
The refining business of Sinopec Shanghai Petrochemical (0338) _ China's largest ethyle
<BR>
``The refining arm basically stopped making a loss in the fourth quarter last year, when
<BR>
The 12-month average was US$64 per barrel, said Rong, adding that the refining segme
<BR>
He expects the cost of crude oil to hover between US$50 and US$70 a barrel this year _
<BR>
This largely dragged down profit by 54 percent to 844.4 million yuan, despite receiving a
<BR>
Asked about the full-year outlook for the refining business, Rong said it depends on inter
<BR>
The company is targeting oil processing output of about 8.9 million to 9 million tonnes th
<BR>
The company is also working to speed up the process of its state-held share reform, Ron
<BR>
Sinopec Shanghai shares closed Tuesday at HK$4.12, up 1.5 percent.
<BR><BR>
1870 China - Sinopec
Newsrefining
Source:returns
4/5/2007
The Standard
to profit
Polymer Biz Eye
<BR>

Yesterday, Britain called for direct talks with Iran to resolve a dispute over 15 captive ma
Britain's announcement followed the sudden release of an Iranian diplomat in Iraq that r
............................................................................................................................................
<BR><BR>News source : PM
1871 Oil prices steady as Iran-Britain 4/5/2007 issue appears closer to a resolve
Polymer Biz Eye
<br>
The price of Japan's direct-deal crude oil imports from Iran increased by more than $3 pe
According to the report, the price of Iran's heavy crude oil for March delivery increased b
Japan's leading financial newspaper also reported a hike of $3.33 in the price of light cru
The price of Saudi heavy crude oil shipped to Japan in March increased by $4 to $54.39 c
Experts cite political instability in the oil-rich Middle East for the rise in prices of Japan oil
Japan meets approximately 80 percent of its oil requirements through long-term direct d
<br>
1872 Rise in CrudeNewsExportSource
Prices4/5/2007
:Iranto Daily
Japan

Page 275
News

Polymer Biz Eye <BR>


Haldia Petrochemicals Ltd, West Bengal's harbinger of industrial resurgence on Wednesd

Company Managing Director Swapan Bhowmik told a group of visiting journalists that the
<BR>
HPL is now implementing an expansion programme that will increase its capacity from 5
<BR>
Although promotership and legal issues continue to dog the company, it has overcome t

"We were once on the verge of sinking with HPL facing a bleak future within a few years
<BR>
1873 India - Haldia
News
Petro
Source:
plans4/5/2007
The
investments
Hindu
Polymer Biz Eye <BR>
National Petrochemical Co (NPC) has summarized the anticipated delivery dates of olefin
<BR>
Olefins 5, 8 and 11 will supply feedstock to a previously announced 10 downstream plan
<BR>
The Meyandoab site will produce polyvinyl chloride. The companys overall ethylene capa
<BR><BR>
1874 Iran outlinesNews
cracker
Source:
schedules.
4/5/2007
Chemical Week
Polymer Biz eye
Demand for aromatics, including xylenes used for gasoline blending in the summer mont

This situation will hold p-xylene prices in a stable position, particularly during the summe

P-xylene capacity in the country is expected to more than double by 2012 to 10.2 M tonn

1875 Product focus:


NewsParaxylene
Source:4Chemical
/5/2007 Week
Polymer Biz Eye

<BR>

Pvc producers in Europe announced price in April up to 50-60 than on top of small increa
<BR>
In the buyers side thinking counter these arguments, saying that they are comfy with the
<BR>
Accumulation to the holiday deliberate the market, players in Italy reported reasonable o
<BR>
Players reported some Northwest European PVC k67 offers at 1000-1020/ton CFR Turkey
<BR>
1876 Pvc producers
Market
in Europe
sources
4/6/2007
increases
accredited
prices
the repetition of several European origins after an absence in

Page 276
News

Polymer Biz Eye

<BR>
China polymer market players are pointing to the improvement in the Asian market. Asia
Turkey, domestic polypropylene manufacturer Petkim improved the domestic polypropyl

Conversely, the market response started to impulsive in the middle of last week on the b
This condition is construe as an difference between the two major spot markets in Asia v
News Editor :Polymerbiz.

<BR><BR><BR>

-- <BR>
Global Info Tech<BR>
1877 In Turkey polypropylene
www.polymerbiz.com 4/6/2007
Players Eye in China
Polymer Biz eye
<BR>
Saudi Aramco has signed a $100m deal with Russian construction firm Stroytransgaz, a s
<BR>
............................................................................................................................................
<BR>
1878 Russian firmNews
$100m Source
Sabic 4/6/2007
:Saudi
deal Press
Polymer Biz Eye<br>
Abu Dhabi's International Petroleum Investment Company plans to start building a 500,0
<br>
1879 Fujairah refinery
News to Source
go ahead4/6/2007
: Ame
Polymer Biz Eye

<br>
Light, sweet crude for May delivery dropped to US$64.10 on the New York Mercantile Exc
<br>
On London's ICE futures exchange, Brent crude for May delivery slipped to US$68.06.
<br>
………………………………………………………………………………………………………………………
<br>
1880 Oil prices dip
News
as British
Sourcesailors
4/6/2007
: PM come home
Polymer Biz eye
<BR>
In a step to forward the company's specialty chemicals business, Chevron Phillips Chemi
<BR>
The project is expected to be complete in early 2009, with construction slated to comme
<BR>
Jacobs Engineering has been selected to provide engineering and procurement services,
<BR>

………………………………………………………………………………………………………………………
<BR>
1881 Chevron Phillips
Newsplans a Polyphenylene
Source 4/6/2007
:PM Sulfide plant in Texas

Page 277
News

Polymer Biz Eye

<BR>
Nova Innovene, the joint venture between Nova and Ineos, has increased prices for all its

<BR>
1882 Nova Innovene
Newsannounces
Source:4/6/2007
Pbprice increase for all polystyrene products
Polymer Biz Eye

<BR>
Despite an increase in industry cost estimates by two times to US$22 bln, Saudi Aramco
<BR>
Though a memorandum of understanding (MOU) was due to be signed at the start of this
<BR>
This is not the only project that seems affected by escalating costs. Aramco and Sumitom
That project is now estimated to cost the two companies up to US$10 billion to develop
Total SA (TOT), due to rocketing costs on a planned US$10 billion liquefied natural gas p
A proposed new 615,000 bpd refinery in Kuwait, Al Zour was estimated to cost around U
In February, ExxonMobil Corp. and partner state-run Qatar Petroleum agreed to abandon
Aramco and Dow declined to provide details on the Ras Tanura project's latest cost<BR>
............................................................................................................................................
News Source : WP
1883 Escalating project costs jeopardizing
4/6/2007 expansion of Middle East oil and petrochem sect...
Polymer Biz Eye
<BR>

China Petroleum & Chemical Corp (Sinopec), China's largest refiner by capacity, has rece
<BR>
Two of the foreign companies in talks with Sinopec for the project include South Korea's
............................................................................................................................................
1884 Sinopec scouting
News Source
overseas 4/6/2007
: PMpartners for ethylene investment
Polymer Biz Eye
<BR>
China will retain Paraxylene prices in a stable position, particularly during the summer m
<BR>
Paraxylene capacity in the country is expected to be more then double by 2012 to 10.2 m
If the projects under construction do not get delayed, global Paraxylene capacity is expe

<BR><BR>

1885 Demand for


News
Aromatics
source in
:4/6/2007
PB
China on the rise

Page 278
News

Polymer Biz Eye

<BR>
National Petrochemical Company (NPC) announced that 11 petrochemical projects will co
Carbon monoxide and acetic acid project at Fanavaran
The first phase of isocyanate Project at Karun
The second pure terephthalic acid (PTA) and polyethylene terephthalate (PET) project at
The low density polyethylene (LDPE) project at Laleh
The third ammoniac and polycarbonate project at Razi complexes.
The value of petrochemical exports represented 21% of Iran's total non-oil exports.
The projects to be implemented in Mahshahr Special Economic Petrochemical Zone will i

<BR>

1886 11 Petrochemical projects


News Source 4/6/2007
to bePress
: Iran launched in Iran this year
Polymer Biz Eye<br>

Latin amricans biggest thermoplastics reasin manufacture company Braskem SA

said its signed a long way contract with souther brazilian refap refinery,PETRO BRAS

for supply of propylene, 6000/MT per month,to help it boots polypropylene production

Braskem soruses said the deal firstly predict refap suppling it with virtullay 70,000-80,0

year of propylene, but that level could rise s to 100,000/mt year.<br>

refap boosting its propylene productivity subsequent a 1.2 billion improvement.even as

plans to inflate its polypropylene creation in south brazil with new industrial units,The co

appearance of Refap into the market to supply petrochemicals.


<br>

Braskem freshly boosted its pledge in southern Brazil, adjoining

Petrobras, during its obtain last month of shares in Copesul from the

Ipiranga Group, giving Braskem additional manage in excess of southern Brazil's main

1887 Braskem topetrochemicals


spigot Petrobras
4/10/2007
complex.
refienry Braskem
for propylene
officals
supply
reported also it plans to splurge Real$700 m
Polymer Biz Eye

<BR>
In Asia With buying objective dowel as low as US$900/mt FOB Korea, markets in Asia for
<BR>
Propylene also saw limited transactions and the market continued to be weak in Asia.las

<BR>

----------------------------------------------------------------------------------------------
<BR><BR>
1888 Asian outlook
www.Polymerbiz.com
ethylene 4/10/2007
and propylene markets trends in last week

Page 279
News

Polymer Biz Eye

<BR>

TEHRAN – Iran will establish Europe's first ethanol refinery in Bosnia & Herzegovina, Man
<BR>
Corn, which due to shortage of water in Iran cannot be cultivated, gives off ethanol, a ch

<BR>
He said the contract worth $150 million, adding that a plot of land will be allocated to the
<BR>
………………………………………………………………………………………………………………………
<BR><BR>
1889 Iran to buildNews
first European
source4/10/2007
ethanol refinery in Bosnia
: PB
Polymer Biz Eye

<br>
The construction work on two petrochemical complexes at Gachsaran and Dehdasht is to
<br>
The plant at Gachsaran will have a capacity to produce over one million tons of ethylene
<br>
Upon completion, Dehdasht complex will produce 300,000 tons of heavy polyethylene an
<br>
The two complexes are scheduled to come on stream in 2010.

<br><br>
News
1890 Construction workSource:PM
for petrochemical
4/10/2007 complexes in Iran

Page 280
News

Polymer Biz Eye


<BR>
In Asia Polymer prices of Ethylene ,an oil based polymer chemical used to make plastic
<BR>
Ethylene fell 17 percent to $975-1000/MT in the ended of March, Yeochun NCC Co., Sout
<BR>
Sources reported, additional from Yeochun will keep prices under pressure, Formosa's ne
<BR>
Taiwanese and South Korea chemical companies have been buildup capability to spout s
<BR>
The growing expense of naphtha, a raw material for making ethylene, may compound th
<BR>
In Q2, 2007, LG Chem Ltd. will increase its ethylene capacity by 55 percent to 760,000 t
<BR>
Iran, Largest chemicals manufacture in the Middle East after Saudi Arabia, is utilize its ga
<BR>
The margin for production in ethylene, deliberate by the dissimilarity between ethylene a
<BR>
Japan market sources said Profits at Japan's ethylene manufacturer may fall from last
<BR>
Two projects in the Pars Special Economic Zone on the Persian Gulf coast, Arya Sasal Pol
<BR>
Saudi Arabian Oil Co., known as Saudi Armco, Exxon Mobil Corp. and China Petroleum &
<BR>
China, the world's biggest energy consumer behind the U.S., plans to move up ethylene
<BR>
Formosa Petrochemical, Taiwan's only private refiner, be expecting to start in the Q2 a 1
<BR>
………………………………………………………………………………………………………………………
<BR><BR>
1891 Asian Ethylene
News May possibly
Editor 4/10/2007
Renovate sufferers as Korea, Taiwan Raise Supply.
polymerbiz

Page 281
News

Polymer Biz Eye

<BR>
In China last week after long time sellers welcomed the optimistic ambiance in PP and P

<BR>

Conversely, crude oil prices curled around and fell three days in a row last week as geo p

<BR>

The PP market, several players had been look forward to to see stable to firm prices in th

<BR>

In the china polyethylene market, comparable development expansion is experiential wi

<BR>
For the moment, players in China reported that the PP and PE inventory levels at the bon

<BR>
Now, weakening demand is interpreted as a setback in depleting the high stocks and aff
<BR>
............................................................................................................................................
<BR><BR>
1892 Oil's pressure on China's
News anylist 4/10/2007
PP, PE markets
: polymer Biz wanes
The country's largest petrochemical company PT CHANDRA ASRI PETROCHEMICAL CENTE

<BR><BR>
1893 ndonesian Chandra
News Source:
Asri4/10/2007
toAsia
acquire
PulseStyrindo
Pte Ltd Mono

Page 282
News

Oil prices fell Monday following last week's release of British sailors detained by Iran, but

<br>

Volume was light with much of Europe celebrating an extended Easter holiday.

<br>

Light, sweet crude for May delivery fell 44 cents to US$63.84 a barrel in electronic tradin

<br>

Brent crude for May slipped 24 cents to US$68.00 a barrel in electronic trading on Londo

<br>
In other Nymex trading, natural gas fell 3.9 cents to US$7.568 per 1,000 cubic feet, and

<br>

Oil prices rose more than US$5 a barrel _ hitting six-month highs _ after the March 23 de

<br>
Peter Beutel of Cameron Hanover noted that prices did not retreat the full US$5 after Ira

<br>
"That is a sign that we remain in a bullish market, and events are likely to be seen throu
<br>

Last week's annual report by the U.S. Energy Information Administration showed a larger

<br>

Refinery problems in the U.S. have prompted traders in the physical market to look over

<br><br>

1894 Oil prices drop


Newsbut geopolitical
4/10/2007
Source: issues andPress
The Associated tight US supplies still a concern

Page 283
News

Borouge has awarded a contract worth $1.3 billion to consortium of Linde Engineering an
<BR>

The ceremony took place in the presence of senior UAE government officials and the Ger

<BR>

The cracker is the first step in Borouge 2, the major expansion project being undertaken

<BR>

We are proud to be working closely with Borouge on what is a genuinely exciting project

<BR>
As well as the ethylene cracker, Borouge 2 will comprise the worlds biggest olefins conve

<BR>

1895 UAE - $1.3bn contract


News signed
Source:4/10/2007
Gulf for ethylene cracker
Construction
Polymer Biz Eye
<BR>
In Asia today polymerbiz eye in Ethylene prices are subsequent conflicting patterns in m

<BR>

In Asia, preceding hikes in energy were only sufficient to remain the ethylene prices con

<BR>

In the meantime, Europe's spot ethylene market moved up by €25-30/ton on a weekly ba

<BR>

Meanwhile, spot ethylene prices have been on a rising trend in the US since March 2007

<BR>

At the present, players observe that Asian ethylene cargoes may locate their way to Eur
<BR>
………………………………………………………………………………………………………………………
<BR><BR>
1896 Ethylene fallNews
in Asia,
Editor
rising
4/10/2007
in US, Europe

Page 284
News

ASIA IN FOCUS
<br>
PVC pipe manufacturer FINOLEX INDUSTRIES (BSE:500940) has signed a contract wit
<br>
* The Indian company will also buy 60,000 metric tonnes of ethylene dichloride and v

* The supply is scheduled to start from Jan 1, 2008 until 31st December 2009, under
<br>
SUMMARY
<br>
PVC pipe manufacturer Finolex signs contract with two Qatar companies to purchase

<br>
…………………………………………………………………………………………………………………
<br><br>
1897 India's Finolex to
News
buy Source
ethylene
4/10/2007
:Asia
fromPulse
twoPty
Qatar
Limited
suppliers

Page 285
News

Iran is close to a deal with Sinopec of China on developing the Yadavaran oil field, the Ira

<br>

Iran is close to a deal with Sinopec of China on developing the Yadavaran oil field, the Ira

<br>

Sinopec Group, the state-owned parent of Sinopec Corporation, agreed in October 2004

<br>

We are getting very close to a final decision on Yadavaran," Vaziri-Hamaneh said on the

<br>

The two sides have failed to agree on final terms and a senior industry official familiar w

<br>

Vaziri-Hamaneh said also Iran was still in talks with the French energy giant Total over th
<br>

Their offer was not in line with our expectations," he said. "We have given our views and

<br>

Christophe de Margerie, chief executive of Total, said this month that spiraling costs and

<br>
Total had signed a $2 billion deal for the first phase of the South Pars project in 1997, sn

<br>

De Margerie is facing a probe in France over the deal and was questioned by French inve

<br>

Vaziri-Hamaneh said two supply cuts agreed by OPEC last year had stabilized oil markets

<br>

A proposal to create an OPEC-style cartel of gas exporters, would take time to implemen

<br>

The proposal for organizing a council of gas exporters and compiling a specific financial a

<br><br>

1898 Iran and Sinopec


News Close
Sourceto
4/10/2007
: Oil
IranField
PressDeal

Page 286
News

<BR>
The initial step towards development of the Iranian petrochemical industry dates back to
<BR>

In 1965, Iran's National Petrochemical Company (NPC) was established to undertake the

<BR>
The NPC's major activities focus on manufacture, production, sale, distribution, and expo

In keeping with Iran's policy of achieving more active presence in world markets and dev

<BR>

Petrochemicals are chemical products made from crude oil. Although certain chemical co

<BR>

Recently, the environment surrounding the petrochemical industry in the Middle East ha

<BR>

As of April 1999, prices of petrochemical feedstock have soared. Ethane-based price com

<BR>

The trend in the Middle Eastern petrochemical industry, which directly and greatly affect

<BR>
Investing in Iran's petrochemical industry has competitive advantages of indisputable an

<BR>

The industry also provides other benefits including, a vast local market, diversifying petr
<BR>

The positive impact of these factors will eventually bring to the forefront, the comparativ

<BR>

The Ministry of Petroleum and its subsidiaries have resolved to unabatedly meet the petr
<BR>

A precise look at the government's policies for developing the sector demonstrates that

<BR>

Based on these policies, NPC should develop and diversify the petrochemical chain by at

<BR>
NPC's current plans hinge upon the priority to use ethane, LNG, and condensate and will
Page 287
<BR>
News

According to the analyse of CWDA (China Weave Distribution Association), China's produ

<BR>
In January, the output and sales volumes of ACRYLIC FIBER increased while the stocks de

<BR>

In February, the output and sales volumes of ACRYLIC FIBER decreased, but the stocks in

<BR>
In February, the production of ACRYLICS WOOL TOPS reached 15746 tons, decreased by

<BR><BR>
1900 The Analysis
News
of China
Source:
acrylic
4/11/2007
CNTEXfiber production and sales from Jan to Feb. 2007
BASF has embarked on a programme to revamp its polyamide product range in Europe,
<br>
The exercise, scheduled to be completed by the end of this year, entails rebranding som
<br>
Most of the Capron grades, reflecting the Honeywell business taken on board in a swap d
<br>
According to the Ludwigshafen-based group, all of its polyamide grades will continue to b

<br><br>

1901 BASF to rationalise


News Source
polyamide
4/11/2007
: PRWportfolio
Oil prices were stable in Asia in anticipation of the US inventory report which is expected

<BR>

Despite an anticipated rise in crude oil inventories, a sharp dip in oil prices has not been
<BR>
.---------------------------------------------------------------------------------------------------------------------------

1902 Oil prices today


News
outlook
Source4/11/2007
stable
: PM in Asia
Taiwan's state-owned CPC has completed repairs at its No.5 naphtha cracker. The compa
<BR>

……………………………………………………………………………………………………………………
<BR><BR>
1903 Taiwan's CPC
News
restarts
source
cracker
4/11/2007
:pbw after a month

Page 288
News

LDPE prices remained flat in Asian region, as supplies continued to be inadequate.


<BR>
Latest offers were heard in the range of US$1320-1330 CFR amid tight availabilities, with
<BR>
LLDPE deals for April shipment were mostly done at between US$1,260-1,280/mt CFR As

<BR>

………………………………………………………………………………………………………………………
<BR>
1904 Asian LDPE News
market stable
Source4/11/2007
despite stringent supplies
: PB
Arguing that the planned sale of petrochemicals firm Petkim was contrary to Turkish law

In the
1905 Turkish union past, the
launches caselabour
4/11/2007 union
versus Petkimhassale
won court cases, delaying the sale of oil refiner Tupras
In line with the company's newest growth strategy, Dow Chemical Co has decided to form
<BR>
1906 Dow to associate with to
Dow plans Chevron
4/11/2007
Phillips
contribute in Polystyrene
to the venture a styrene monomer plant in Camacari, Brazil, and
Dow plans to form a joint venture with Chevron Phillips Chemical for styrenics in the Ame
Details regarding the JV are awaited.

<br>

News source
1907 Dow mulls styrenics : PMChevron Phillips Chemical
JV with
4/11/2007
A new composite that uses the bioplastic PLA with heat conductivity greater than stainle
<BR>
1908 New bioplastic
Mass composite
production
4/11/2007
forofelectronic
these bioplastic
applications
composites is expected by the end of the fiscal year
Following the guidelines of 'reform, restructuring, innovation and development,' Sinopec

<BR>

The company's
1909 Sinopec ethylene output, income from
4/11/2007
operating principal
revenues and operations was RMB
income increase 50.66 bln (US$6.36 bln), up 2
in 2006
Following the guidelines of 'reform, restructuring, innovation and development,' Sinopec
<Br>

The company's income from principal operations was RMB 50.66 bln (US$6.36 bln), up 2

<Br><Br>

1910 Sinopec ethylene


News Source
output,
4/11/2007
: operating
PM revenues and income increase in 2006

Page 289
News

Singapore-based SP Chemicals has signed a memorandum of understanding with the Ph

<br>

The products, with applications in a range of industries like textiles, petrochemicals, pap
<br>

The facility is likely to be ready in 2012, SP Chemicals CEO Chan Hiang Siang said

<br>
The company will provide $3 million to acquire land and pay compensation to residents.

<br><br>

1911 Singapore`sNews
SP chemicals
Source:
4/11/2007
Toan
plansViet
US$Ltd
1.2 billion petrochemical plant in Vietnam
Formosa Petrochemical Corp., Taiwan's only publicly traded oil refiner aims to start prod

<BR>

"We're aiming to start the cracker next month," Lin Keh-yen, a director at the company,

<BR>
Asian chemical makers are boosting capacity to tap China's soaring demand for petroche

<BR>

The new cracker is the third such plant operated by Formosa at its refinery and petroche

<BR>

Ethylene, typically made from naphtha and gas, is a key ingredient for plastic bags, drink
<BR>

1912 Taiwan - Formosa


News Source:
plans4/11/2007
toBloomberg
start new naphtha plant next month

Page 290
News

National Petrochemical Company (NPC) Managing Director Gholam-Hossein Nejabat here

<BR>

Talking after an East Asia-Pacific states forum, he said the Iranian and Chinese officials h
<BR>

According to the NPC chief, the company's output in the current Iranian calendar year (s

<BR>

"To this end, Iran's presence in foreign countries with the aim of doing marketing of petr

<BR>
Nejabat said NPC would welcome foreign investments in the petrochemical sector, addin

<BR>
He said Iran was holding talks with overseas enterprises on implementation of petrochem
<BR>

The managing director said scores of projects, including Arya Sassol Petrochemical Comp
<BR>

"NPC has also made investments in the Philippines and India; and has outlined a host of

<BR>
Shifting to the development of petrochemical industry in the eastern, western, and centr

<BR>

Pointing to the parliament's approval on removal of subsidies on petrochemical products

<BR>

The Fourth Development Plan had allocated 12.5 billion dollars for petrochemical project

<BR>

The NPC predicted that 35 petrochemical projects would come on stream by the end of I

<BR>

Iran is the second largest petrochemical producer in the Persian Gulf littoral states, stand

<BR>
The inauguration of the projects in question by 2015 will considerably promote its status

<BR>

1913 China eagerNews


to invest US$
4/11/2007
Source: 2.7billion
Tehran in Olefin 12
times

Page 291
News

Domestic Polymers, a joint venture between SIBUR Holding and LUKOIL-Neftekhim, has a

<BR><BR>
1914 Russia - SIBUR,
News Lukoil-Neftekhim
Source4/11/2007
:Interfaxbuy
News
50Agency
percent of polyester plant
The Romanian plastics processing industry has "huge potential" for growth, according to
<BR>
EuPC has published the study on the Romanian plastics industry in conjunction with Aspa
<BR>
West European OEMs from the automotive, food processing and construction sectors hav
<BR>
Following accession to the EU, structural funds will become available in Romania by the
<BR>
Extrusion of film products accounts for the largest consumption of plastics in Romania, fo
<BR>
The report is published after a visit to Aspaplast by EuPC managing director Alexandre D
<BR><BR>

1915 Romanian plastics


Report published
industry
4/11/2007
set
byfor
EuPC
growth
and Aspaplast.

Page 292
News

Talking after an East Asia-Pacific states forum, he said the Iranian and Chinese officials h

<BR>

Nejabat said, "China is the first country the Iranian party will pay a visit to hold official ta

<BR>

According to the NPC chief, the company's output in the current Iranian calendar year (s

<BR>
"To this end, Iran's presence in foreign countries with the aim of doing marketing of petr

<BR>

The port of Hong Kong was one of the world's main markets for selling petrochemical pro

<BR>

Nejabat said NPC would welcome foreign investments in the petrochemical sector, addin
<BR>

He said Iran was holding talks with overseas enterprises on implementation of petrochem
<BR>

"Most of negotiations have resulted in signing memorandums of understandings and est

<BR>
The managing director said scores of projects, including Arya Sassol Petrochemical Comp

<BR>

"NPC has also made investments in the Philippines and India and has outlined a host of p

<BR>
Shifting to the development of petrochemical industry in the eastern, western, and centr
<BR>

"Iran accounts for 12 percent of the Middle East's petrochemical products and 0.7 percen

<BR>

The official said a 50 billion dollar fund would be needed for achieving the objectives of t

<BR>
Pointing to the parliament's approval on removal of subsidies on petrochemical products

<BR>

The Fourth Development Plan had allocated 12.5 billion dollars for petrochemical project

<BR>
Page 293
The NPC predicted that 35 petrochemical projects would come on stream by the end of I

<BR>
News

ABU DHABI -- Abu Dhabi Polymers (Borouge) is planning to take over a project currently
<br>
The development would see the creation of a melamine plant with an annual production
<br>
Increasing global demand for melamine, particularly in the Middle East and Asia Pacific r
<br>
The development of a melamine plant within Brouge would represent a rational step for
<br>
Harri Bucht, Chief Executive Officer of the Brouge production company in Abu Dhabi , co

<br><br>

1917 Borouge to News


take over Melamine
Source4/11/2007
:Khaleejproject
Times
The Halliburton Company said yesterday that its subsidiary that does business in Iran ha

<BR>

The Halliburton Company said yesterday that its subsidiary that does business in Iran ha

<BR>

The Department of Justice subpoenaed documents from Halliburton in July 2004 for an in

<BR>

Halliburton has said that its operations in Iran, handled through a Dubai office, were lega

<BR>

Halliburton's prior business in Iran was clearly permissible under applicable laws and reg

<BR>
Last month, Halliburton said its chief executive, David J. Lesar, would move to Dubai from
<BR><BR>

1918 Halliburton News source


Says It's : Iran
Done
4/11/2007Press
in Iran

Page 294
News

Polymer Biz Eye

<Br>
In China, PVC prices have been progressively growing for a whilst without posting an ap

<Br>
Certainly, the upward outlook in China's PVC market is mainly hold up by the good expor

<Br>

Chinese producers fulfilled their monthly quotas in the export market in the very beginni
<Br>

The majority players consider that PVC prices will be steady to firm in the near period. H

<Br>

For the meantime, no new proffer for May have been attend to yet in China's import mar
<Br>

………………………………………………………………………………………………………………………
<Br><Br>
1919 PVC marketNews
in chain s continue
Editor:4/11/2007
upward growth
PolymerBiz

Page 295
News

awarded contracts valued at approximately US$3 billion for Borouge 2, the major
expansion project at the company's production facilities in Ruwais, Abu Dhabi in the
United Arab Emirates.<br>
The two contracts awarded today comprise:<br>
o A contract worth approximately US$1.855 billion for the construction of three
new Borstar® technology polyolefins units and associated material handling
facilities, laboratory facilities and marine works to Tecnimont S.p.A. of Italy,
awarded on a lump sum turnkey basis
o A contract for an estimated value of US$1.234 billion with Tecnicas
Reunidas S.A. of Spain, awarded on a convertible lump sum basis to
construct the offsite and utility facilities for the expanded plant
The contract with Tecnimont S.p.A. Italy will see the development of two Borstar
polypropylene plants with a combined annual capacity of 800,000 tonnes and a new
Borstar Enhanced PE plant with an annual capacity of 540,000 tonnes to
complement the existing 600,000 tonnes per year unit. Preliminary work on the
polyolefins unit will begin immediately and is scheduled to be completed in 2010.
The contract with Tecnicas Reunidas S.A. will see the supply of utilities to all the
associated EPC packages for the Borouge 2 project. Preliminary work will begin
immediately and is also scheduled to be completed in 2010.
These contract awards represent an important step in the Borouge 2 project which
will triple Borouge's annual production capacity to two million tonnes of polyolefins.
This increased capacity will enable Borouge and its customers to supply high
performance products in an increasingly broad range of demanding applications.
Borouge has already signed a US$1.3 billion contract with Linde Engineering for the
construction of a new ethylene cracker. The contract was awarded to Linde on a
lump sum turnkey basis, with preliminary work already under way and completion
scheduled for 2010.<br>
2 (3)<br>
Harald Hammer, Chief Executive of the Borouge marketing company commented:
"Borouge has made extraordinary achievements since its inception in 1998 and
market acceptance of the Borstar range has been exceptional. These contracts
increase the momentum of the Borouge 2 expansion which will bring additional
Borstar Enhanced Polyethylene and now Borstar Enhanced Polypropylene to
customers across the Middle East and Asia-Pacific."
End<br>
For further information please contact:
Borealis: Craig Halgreen, Group Communications Director,
tel. +43 122 400 334 lypresbo@borealisgroup.com
Borouge: Marnie Woodd, Acting Group Communications Manager
Mob. +971 50 8184 602, Email: marnie.woodd@borouge.com
Borealis and Borouge are leading providers of innovative, value creating plastics solution
With more than 40 years of experience in polyolefins and using our unique Borstar®
technology, we focus on the infrastructure, automotive and advanced packaging market
across Europe, the Middle East and Asia. Our production facilities, innovation centres and
service centres work with customers in more than 170 countries to provide materials tha
an essential contribution to society and sustainable development. We are committed to
principles of Responsible Care® and to leading the way in 'Shaping the Future with Plast
Borouge is a joint venture established in 1998 between the Abu Dhabi National Oil Comp
and Borealis. It is currently implementing a multi billion dollar expansion at its world-sca
state-of-the-art production facility in Ruwais, Abu Dhabi in the United Arab Emirates. The
project, called Borouge 2, is due for completion in 2010 and will triple the company's pol
production capacity.<br>
About Borstar®<br>
Borstar technology is a critical element in developing the next generation of innovative,
creative plastics.<br>
Borstar is Borealis' proprietary technology that supports differentiated PE and PP produc
enables production of tailored plastic grades that reduce costs through efficient processa
Other benefits include Page
short 296
start-up times, quick transitions among grades and the capa
produce a whole range of product mix in one cycle. Borouge's cracker and Borstar PE un
consistently achieve first-time-right products with minimal downtime.
Now, Borstar PE 2G, Borealis' next generation technology, represents a leap forward in
News

State-owned natural gas transmission company Gujarat State Petronet Ltd (GSPL) will ca

<BR>

GSPL would carry 11 million standard cubic meters of gas every day from Bhadbhut in Ba

<BR>

The transportation of gas would start in the second quarter of 2008 and the agreement i

<BR>

The company would transport of a portion of its gas from its KG basin from Kakinada thro

<BR>

Similarly, Gujarat State Petroleum Corporation (GSPC) has signed a gas transportation ag

GSPC also has an option to increase the volumes of gas up to 11 million cubic meters of

<BR>

For transportation of gas from Kakinada to Gujarat, RGTIL is developing a pipeline betwe

<BR><BR>
1921 RIL, GujaratNews
StateSource
Petronet
4/12/2007
ink logistics
: Chemical newstie-up

Page 297
News

US oil giant Exxon Mobil, Saudi Aramco and Sinopec announced Friday two joint ventures
<BR>
The announcement of the project, Exxon Mobil"s largest single investment in China, mar
<BR>
"It"s our biggest project so far in China," a Beijing-based Exxon Mobil spokeswoman, told
<BR>
"Developing this type of joint venture is a very complicated process and Fujian is the mo
<BR>
In a joint statement, the companies called the two joint ventures "the first fully integrate
<BR>
The refining joint venture, which will start operations in early 2009, will expand one that
<BR>
It will lead to a tripling of the production of refined Saudi Arabian crude to 240,000 barre
<BR>
A joint venture co-owned by Sinopec, China"s top refiner, has a 50 percent stake in the v
<BR>
The second joint venture will operate some 750 service stations and a network of termin
<BR>
Sinopec holds a 55 percent stake in the service station venture, with Exxon Mobil and Sa
<BR>
The partnership, which aims to meet Chinas rapidly growing demand for petroleum prod
<BR>
The three companies said the government had approved both joint ventures. Breakdown
<BR>
"It will ... boost the development of China"s petrochemical industry and contribute to the
<BR><BR>

1922 US, Saudi, Chinese firms4/12/2007


News source announce news
:chemical $5 billion energy deal
Early production project from Azadegan oilfield in southern Iran has been awarded to Na

<Br>

The National Iranian Oil Company (NIOC) has awarded the early production project from

<Br>
Nozari added that NISOC was granted the project because of its good performance durin

<Br>

Currently, NIOC subsidiary Naftiran Intertrade Company (NICO) holds 90 percent of share

<Br>

1923 NISOC awarded


To start
Azadegan
the 4/12/2007
development
early production
of the project
Azadegan, PEDCO has signed a deal with the National Ir

Page 298
News

A project to more than double the output of Qatar"s Al Shaheen oilfield to 525,000 barre

<BR>

The managing director of Maersk Oil Qatar, said the $5bn project would be completed by

<BR>

In February, rising costs forced Exxon Mobil to drop plans to build a major gas-to-liquids

<BR>
The managing director said that, despite spiraling costs, the project was on schedule and

<BR>
"We have a major challenge ahead, and we have a good confidence we can make it, but

<BR>

Qatar said in 2006 its crude production was expected to rise to more than 1 million bpd

<BR><BR>

1924 Qatar Al Shaheen


News Source
project
4/12/2007
:Qatar
on track:
press
Maersk
Researched Industrial Info Resources (Sugar Land, Texas). China's largest, most technolo
<BR>
For details, view the entire article by subscribing to Industrial Info's Premium Industry Ne
<BR>
Industrial Info Resources (IIR) provides marketing communication services ranging from

<BR><BR>

1925 Maoming Petrochemical


News source 4/12/2007
Completes
:Market Wire
China's Largest Low Density Polyethylene Unit
Researched by Industrial Info Resources (Sugar Land, Texas). China Petroleum and Chem
<BR>
For details, view the entire article by subscribing to Industrial Info's Premium Industry Ne
<BR>
Industrial Info Resources (IIR) provides marketing communication services ranging from

<BR><BR>

1926 Sinopec Looks


NEWS
for Foreign
SOURCE:
4/12/2007
Investment
Industrial Info
Partners
Resources
in $1.9( Billion
MarketEthylene
Wire ) Project

Page 299
News

DPA FINANCE World Economy WTO World economy faces slowdown owing to increased u
<BR>
The world economy risked slowing down this year,
<BR>
after a robust performance in 2006, the World Trade Organization,
<BR>
WTO, forecast Thursday.

<BR>

In its report for 2006 and look ahead to 2007, the Geneva-based
<BR>
WTO said risks in financial and property markets and large trade
<BR>
imbalances in goods and services meant increased uncertainty for the
<BR>
coming year.
<BR>
Growth in merchandise trade could slow to around 6 per cent this
<BR>
year compared with 8 per cent in 2006 which was however the second
<BR>
highest since 2000.
<BR>
Growth in gross domestic product had been stronger than expected
<BR>
in Europe and Japan in 2006, while the Chinese and Indian economies
<BR>
had experienced outstandingly high growth.
<BR>
The least developed countries saw trade expand by about 30 per
<BR>
cent to reach record levels, buoyed by high prices for petroleum and
<BR>
other primary commodities. Fears among smaller suppliers of a setback
<BR>
in textiles and clothing in the face of fierce Chinese competition,
<BR>
failed to materialize.
<BR>
WTO Director-General Pascal Lamy said the strong performance in
<BR>
2006 was welcome but needed to be consolidated by further world
<BR>
economic reform.
<BR>
As six of the key world trading nations; the US, EU, India,
<BR>
Australia, Japan and Brazil gathered in Delhi this week to try to
<BR>
push ahead with the Doha Round of negotiations, aimed at liberalizing
<BR>
global trade, Lamy again urged progress.
<BR>
"A successful conclusion to the Doha Round holds great potential
<BR>
for boosting growth and alleviating poverty," he said. "An agreement
<BR>
would also deliver more relevant
Page 300 trade rules, helping to establish a
<BR>
more stable and certain foundation for today's dynamic and global
<BR>
News

Polymer Biz Eye


<BR>
In Mideast outlook Saudi Arabian Petrochemical Co (NatPet) strategy to establish its pro
<BR>

Lurgi isconsistent for edifice of the 400,000 tonne/year PDH plant, which is based on UOP

<BR>

The NatPet project embrace a polypropylene (PP) plant, based on basell technology, and

<BR>

funding of $411.1m for the project was finalised on first week in April 2007, according to
<BR>

The financing was planned to incorporate with parallel held funding by the Saudi Industr
<BR>
1928 Saudi Petrochemical Co4/12/2007
(NatPet) turn on propylene PDH plant in Yanbu May 2007
………………………………………………………………………………………………………………………
Polymer Biz Eye

<BR>
European PP suppliers in offers to Turkish market have climb for April contract. In the fir

<BR>

This week's offers from the same informant are upper even as the worth of the euro has

<BR>

Europe's stipulation in Turkey is appropriate with market intelligence from that region. T

<BR>

As a result, the higher offers and longed-for euro keeps the door open to imports in Turk

<BR>

Thet domestic prices in Turkey are well exceeding the conservative finest that Turkey pa
<BR>

As well, Turkish buyers have spoken their interest in Malaysian origin as a new source of

<BR>
____________________________________________________________________________________
<BR><BR>
1929 European facilitate
News editor
in Turkey
4/12/2007
: Polymer
retain
Bizits PP preeminent

Page 301
News

Polymer Biz Eye


<BR>
Iran has commenced construction of a major petrochemical facility slated to become one

<BR>

Construction of the Gachsaran Petrochemical Complex in Iran's Kohkiloyeh-Boyerahmad

<BR>

Gholam-Hossein Nejabat, managing director of the National Iranian Petrochemical Comp

<BR>

The ethylene will be used to feed petrochemical units in Boroujen, Dehdasht, Mamasani
<BR>
Nejabat, who is also Iran's deputy oil minister, estimated that the Gachsaran complex wi

<BR>

"The facility is established along the ethylene transfer pipeline in the west of the country
<BR>
The deputy minister expressed optimism that the project will help create jobs in the regi
<BR>
Gachsaran, which lies in a major oil-rich region in southern Iran, boasts of a daily output
<BR>
---------------------------------------------------------------------------------------------------------------------------
<BR><BR>
1930 Construction of Petrochem
News Source4/12/2007UnitPress
: Iran Launched
Successful marketing and globalization strategies raised the implementation of Petro Ch

<BR>

The company produced 13.33 M tonnes of chemical products in 2006, up 1.4% from 200
<BR><BR>

1931 Petro ChinaNews


postsSource:
record Chemical
4/14/2007
profits News
in 2006.
Mossi & Ghisolfi (M&G) has commissioned its 450,000 tonne/y polyethylene terephthalat

<BR>
The plant, touted to be the biggest PET plant in the world, will serve the Brazilian market

<BR><BR>

1932 Brazil - M&GNews


starts
Source:
up PET
4/14/2007
Chemical
plant. Week

Page 302
News

Chart Industries, Inc. announced that its wholly-owned subsidiary, Chart Energy and Che

<BR>

"This award adds to our growing portfolio of energy and chemical related projects throug

<BR>
This news release contains certain "forward-looking statements," as defined under U.S. f
<BR>

Chart is a leading global manufacturer of highly engineered equipment used in the produ

<BR><BR>

1933 Chart Energy


News
andSource:
Chemicals
4/14/2007
PR Newswire
Awarded Ethylene Project in Thailand
Polymer biz Eye

<BR>

Dow Chemical has curleda new agreement with Siam Cement in order to construct a sec

<BR>

The unit (a 67:33 joint venture between Siam Cement and Dow) will have 1.7 M tonnes/y

<BR><BR>

1934 Second cracker


NewsinSource:
Thailand
4/14/2007
ICM
for Dow
The National Development and Reform Commission cited several development programm

<BR>
The ExxonMobil and Saudi Aramco partnership, a jv between Dow Chemical and Sinopec
<BR>

Jilin Chemical Industrial also plans to raise output by 250,000 tonnes/y. Foreign-affiliated

<BR><BR>

1935 China expansions


News Source:
at full4/14/2007
steam
Japan under
Chemical
11thWeek
five-year plan: petrochemicals.

Page 303
News

Polymer Biz Eye


<BR>
In European Polyethylene market is affecting elevated in April, Price boosts are on avera

<BR>

Highlighted that producers are sustained not only by higher expenses, but also recupera

<BR>

PE supply Partial from European producers plus from the Middle East has been talked ab

<BR>

In Europe's LDPE market, say sources boosts in deal prices by approximately€25-35/ton

<BR>

With the higher prices and the escalate euro, there is now market talk of Europe existen

<BR>

Apart from the require to mitigate stiff supplies, there is a ample differential between Eu
<BR>
1936 ARE European
………………………………………………………………………………………………………………………
buyers Eyes
4/14/2007
look PE imports ?
Officials at Abu Dhabi-based Borouge announced that the company has signed two contr
<BR><BR>

1937 Borouge signs $3.1b


News contracts
source4/14/2007
with Italian, Spanish firms
: MENAFN
BASF plans to carry out nine new projects in Russia, Pyotr Golitsyn, head of the German
<BR>
Golitsyn said the projects would cover all BASF segments, including plastics, paints, fine

<BR><BR>

1938 BASF plans News


nine new
Source
projects
4/14/2007
: Interfax
in Russia
News Agency

Page 304
News

Polymer Biz Eye


<BR>
<BR>
The largest petroleum and petrochemical companies in Asia, the second largest crude oi

<BR>

Sinopec's down flow process are primarily located in China's affluent and fast-growing co

<BR>

Sinopec remains well situated to advantage from China's burly economic expansion and

<BR>
¢ Growing contest from overall incorporated petroleum and petrochemical companies in

<BR>
¢ Compassion of sales to the accessibility and prices of feedstock and general economic

<BR>

¢ Government regulations that will inspiration the company's activities by influential reta

<BR>
¢ The special oil income duty when crude oil price will exceed to US$40-42 per barrel, is

<BR>
............................................................................................................................................

<BR>
1939 Sinopec projects expansion
<BR>News 4/14/2007
in production
source : WP and capacity
The Russian chemical sector's aggregate net profits in 2006 reached Roubles 93.5 bn ($3

<BR>

Polyethylene (PE) output rose by 2.4% to 1.075 M tonnes. PE makers Tomskneftekhim an


<BR>

Russian polystyrene (PS) output surged 22% in 2006, spurred by higher production at Ni

<BR>

1940 Russia posts


News
big chemical
Source:
4/14/2007
Chemical
industry earnings
Week in 2006.

Page 305
News

Sinopec has obtained approval from China's State Council in Jan 2006 for the expansion

<BR>

Meanwhile, Sinopec and Shanghai Chemical Industry Park have received approval from t

<BR><BR>
1941 China development
News Source:
at satiated
4/14/2007
Japan condensation
Chemical WeekSinopec projects
Shanghai SECCO Petrochemical is 50% owned by UK's BP Chemicals, 30% by Sinopec, an

<BR>

It also has a 600,000 tonne/y propylene capacity that includes an output of 120,000 tonn

<BR><BR>

1942 China extension


NewsatSource:
complete
4/14/2007
Japan
smog
Chemical
foreign-combined
Week projects - Shanghai SECCO Petrochemical.
Polymer Biz Eye

<BR>

India's largest petrochemical company ostensible ethylene capacity in 2005 is quantified

<BR>

Propylene output declined by 100,000MT/ to 1,747,000/MT in 2005 with the shutting of


<BR><BR>

News Source
1943 Reliance continues :PB - olefins.
to boost
4/14/2007
Polymer biz Eye
<BR>
In Indonesia Ethylene production keep on at 500,000/Mt/year, resemblance to propylene

<BR>

Imports from Singapore declined to 63,000 from 156,000/ tones in 2004 whilst individua

<BR>

Chandra Asri Petrochemical Center is increasing its ethylene facility to move up capacity

<BR><BR>

1944 Indonesia olefins


News Source
industry
4/14/2007
: facing
jcw prices for imported feedstock .

Page 306
News

Nova Chemicals has agreed to set up an ethane extraction plant in Fort Saskatchewan, A

<BR>

The new ethane extraction plant, which is slated for startup in mid-2010, will have the ca

<BR>

1945 Canada - Nova


Newssigns
Source:
deal
4/14/2007
Chemical
for Alberta
Week
ethane extraction plant.
ExxonMobil Chemical has concluded a project that boosted the capacity of its ethylene fa

<BR>

The company is now considering a second cracker in the country.

<BR><BR>

1946 ExxonMobilNews
adds Source:
Singapore
4/14/2007
Chemical
ethylene.
Week

Page 307
News

Polymer Biz Eye

<BR>

High Asia naphtha prices have opened up new scenario for further non-naphtha feedstoc

<BR>

Price sensitivities, have optimistic the use of an replacement naphtha feedstock as Asian

<BR>

That while there may be growing interest this year to look at naphtha replacement, the n

<BR>

Sustained high naphtha prices be inclined to promote further concentration among petr

<BR>

Asians market initiate to naphtha prices had attained a nine-month high this week at $68
<BR>

Asia's petrochemical firms have been hard-pressed to create the switch – and several sti

<BR>

Japan based several naphtha manufacture already convert switched non naphtha fee

<BR>

In South Korea third biggest Naphtha cracker operative company LG Chem ,bearing in

<BR>

In Taiwan Petrochemical company Formosa FPC corp. and CPC corp. increasing naphth

<BR>

The proportion switch to such replacement feeds is in fact very, extremely small. Naphth

<BR>

"The problem is we don't have an independent cracker burner to crack just LPG alone. Th

In Asia cracker operator the switch to substitute feedstock's still gave advantage to en

<BR>

Japanese Cracker operator currently using a few LPG and its gives more propylene y
<BR>

Asian propylene prices were balanced progressively in the $1100-1120/tonne CFR NE an

<BR>
In Asia Ethylene Review,ethylene
Page 308 prices had been diminishing to squat
<BR>
$950-1000/tonne CFR NE Asia since begin January to yet, due to additional ethylene cap
<BR>
News

The United Arab Emirates aims to boost oil output capacity at its lower Zakum oilfield by
<BR>
The UAE is the world's sixth largest oil exporter. The government said last year it was aim

<BR>

Paris-based Technip will carry out the engineering and design for the lower Zakum expan

<BR>

The engineering and construction package would be tendered in the second or third qua

<BR>
The project will take capacity at the field to 425,000 bpd in 2010 from a projected 325,0
<BR>

The field is operated by the Abu Dhabi Marine Operating Company.


<BR>

State-run Abu Dhabi National Oil Company holds 60 percent of ADMA-OPCO, BP BP.L hold

<BR><BR>

1948 UAE to boost lower


News Zakum
Source4/16/2007
oil capacity 100,000 bpd
:ITC
Oil prices increased marginally on Monday when the market looked for the direction ahe

<BR>

Last week oil prices were boosted because of problems at US refineries and a dip in US g

<BR><BR>

1949 Oil prices increase


News Source
in Asian
4/16/2007
: Pm
trading
The contract for Mahabad and Lorestan petrochemical complexes worth 436 million Euro

<BR><BR>
Newscontracts
1950 Two petrochem Source4/16/2007
: signed
PM in Iran after year long delay
Qatar Petrochemical Co. (QAPCO)'s that a US$1.2 billion polyethylene plant is due to com
<BR>
QAPCO - an 80:20 joint venture between Industries Qatar IQCD and Total Petrochemicals
<BR>
QAPCO is studying setting up a polyethylene plant, called plant number 3, with an estim
<BR><BR>
1951 QAPCO's polyethylene
News Sourceproject
4/16/2007
:WP to be completed on schedule

Page 309
News

TEHRAN –Iranian company Nargan and Italy's Technimont signed the contracts of Mahab

<BR>

The financer of the contract is the France's Calyon Corporate and Investment Bank, Bakh

<BR>

He blamed the financial shortcoming for the yearlong delay in the projects.
<BR>
Due to the postponement, the projects will be launched in 2010.
<BR><BR>

1952 Iran signs Nargan, Technimont


News Source 4/16/2007
: ITC €436m petrochemical contractsc
Polymer Biz Eye
<BR>
European market, the spot ethylene was absorbed in a descending trend in March. Price
<BR>

Market players said that Borealis was slated to shut its cracker at Porvoo, Finland with a

<BR>

It is also noted that an unforeseen shutdown at Total's 520,000 tons/year cracker at Gon

<BR>

European market Sources reported that some manufacturers are not make available ma

<BR>

For the moment, requirement is recuperating in the downstream PE market in line with t

<BR>

Meanwhile, demand is improving in the downstream PE market in line with the high seas

<BR>
………………………………………………………………………………………………………………………
<BR><BR>
News Editor :Polymer BIZ Eye

1953 Ethylene is strongly on cracker


4/16/2007
in European market:

Page 310
News

According to the data statistics of China Weave Distribution Association, from Jan. to Feb

<BR>

From Jan. to Feb.2007, China (Statistic sample corporations) has accumulatively produce

<BR>

From Jan. to Feb.2007, China has accumulatively produced 852522 tons of polyester chip

<BR><BR>

News Source: CNTEX

1954 Analysis of China Chemical


4/16/2007
Fiber from January to February 2007
Oil prices rose slightly Monday as the market looked for direction ahead of the expected

<BR>

Light, sweet crude for May delivery inched up 14 cents to $63.77 a barrel in midafternoo

<BR>

Brent crude for June was up 14 cents at $68.77 a barrel on London's ICE Futures exchang

<BR>
"On a short-term basis we don't really have specific factors" guiding the market, said Tet

<BR>

Last week, oil prices were lifted by problems at several U.S. refineries and a decrease in

<BR>

"We will not know that refinery snag contagion has ended, until it ends. The bullish case

<BR>

Gasoline supplies sank in the first week of April amid strong demand, with stockpiles dow
<BR>

Nigerians vote Saturday in presidential elections, a week after at least 21 were killed in v

<BR>

In other Nymex trading, heating oil futures rose 0.41 cent to $1.9048 a gallon while natu

<BR><BR>

News Source: AM New York


1955 Oil Prices Inch Up in Asian
4/16/2007
Trading

Page 311
News

Polymer Biz Eye

<BR>

IN Mideast participate of global polyethylene (PE) exports would boosts appreciably by 2

<BR>

Middle East exports of high density polyethylene (HDPE) would rising to88- 90% of globa
<BR>
Exports of low density PE (LDPE) from the Middle East, would increase to 40-42% of glob

<BR>

A leading share of these exports would be concentrating at China, they further.


<BR>
Supply of PE in the Middle East is conventional to touch 10-10.2/millions tonnes/year in 2

<BR>

Global PE demand was forecast to increase to 77-77.3/ millions /tonnes /year in 2008, up

<BR><BR>

1956 Mid-East PENews


exports
Editor
to growth
4/17/2007
: polymerbiz
by 2010
The National Commodity & Derivatives Exchange Ltd (NCDEX) has launched trading in fu
<BR>
NCDEX has designed the polymer futures contract as per the requirements of the marke
The prevalent spot prices of polymer products as specified in the futures contracts are d
1957 NCDEX launches
News PP, LLDPE
Source 4/17/2007
and PVC trading in futures contract
: PM
By the end of decade, Alberta will see a world-class 800 million pounds polyethylene pla
<BR><BR>

1958 Nova Chemicals


Newsplans
Source:
major
4/17/2007
WP expansion of Alberta petrochemical industry
Petronet LNG Ltd anticipated acquiring 13 more spot cargoes of Liquefied Natural Gas (L

<BR>

Petronet has bought 350,000 tonnes of LNG this year for Dabhol, at US$7.5-8.5 per millio
<BR>
Petronet expects the 500 km pipeline, which will have a capacity of 20 million standard c
<BR><BR>

1959 Naphtha-dependent Dabhol


4/17/2007
News Source : PMto switch to LNG in Q3

Page 312
News

Polymer Biz Eye


<BR>
Grades slate expansion is coupled with supply chain boost.

<BR>

Basell's Alastian online business ordering system grew its European sales by 45% last ye
<BR>
The three-year-old e-business model is now poised to expand its grade slate as well as b
<BR>
"The next few months are going to see some significant changes for Alastian and its cust
<BR>
"Apart from offering an even wider range of quality grades, the closer integration of our
<BR>
Despite its online nature, Alastian continues to back face-to-face customer contact and w
<BR><BR>
1960 Alastian e-business
News Source
enjoys
4/17/2007
:PRW
growth

Page 313
News

Polymer Biz Eye


<BR>
In Asia, Fareast and Southeast Asian naphtha cracker manufactures sustained to functio

<BR>

Asian ethylene margins plummet to a last 15-month low of $98.90/MT on March 15, dow

<BR>

Cracking precincts have slump owing to lesser ethylene values and high naphtha costs. E

<BR>

The imminent turn on of Formosa's No 3 naphtha cracker in not on time April or early Ma

<BR>

Naphtha prices, on the other hand, had surged from a low of $503/MT CFR Japan on Janu
<BR>

Although the sharp fall in ethylene margins, cracker operative in South Korea, Japan and

<BR>

Asian propylene prices, for instance, were at $1100-1125/MT FOB Korea on April 13, whic
<BR>

Various producers have curved to butane cracking in an endeavour to minimize their fee

<BR>

Conversely, Asian crackers' use of butane is reasonably small and crackers which can co

<BR><BR>

1961 Asian cracker


News
runAnalyst
full ,4/17/2007
despite
: Polymer
ethylene
Biz price fall

Page 314
News

Polymer Biz Eye


<BR>
China is accepted to approximately dual its propylene production capability by
201--to around 14.7 million mt--up brusquely from 7.4 million mt in 2005,
<BR>
According to the sources Reported, China's propylene capacity isPresumed to
<BR>
raise annually on an be around of 12.3% between 2005 and 2011, defeat
the global average of 4.1%.
<BR>
The only constituency improve on China's expansion rate will be the Middle East,
which is probable to observe its propylene capacity upsurge by 239%, from 2.6
million mt in 2005 to 8.8 million mt in 2011, the ministry said.
<BR>
METI expertise that between 2005 and 2011 the Middle East will perceive an
average annually propylene capability sequence rate of 22.2%.

.<BR>

………………………………………………………………………………………………………………………
<BR><BR>
1962 China to dual
News
propylene
Analysis:
4/19/2007
capability
Polymerbiz
to 14.7-m/MT by 2011:
Polymer Biz Eye
<BR>

In Asia, many PS sellers improved their offers two weeks in a string, attainment sustain f

<BR>

Meanwhile, the benzene prices maintain their firm trend, touching up to the level of $10

<BR>

Consequently suppliers are confident about the direction of the market and they emerge

<BR>

PS producers offers to GPPS in China are at $1395-1430/ton/CFR, sources reported. The

<BR>

In the interim, the response in China's PS market changes accordingly to the movements

<BR>

Numerous market players accept that the raise up in the PS market is predictable in the

<BR><BR>

News editor :Polymer Biz


1963 In Asia PS market higher4/19/2007
sustain restraints

Page 315
News

The biaxially oriented polypropylene (BOPP) film industry is set for a period of readjustm

<BR>

The research group said over-enthusiastic investment in new BOPP capacity in the first p

<BR>

Demand for BOPP film globally reached nearly 4.5 million tones in 2006. Asia represents

<BR>
Western Europe accounted for 18% of global demand and the North American Free Trad

<BR>
Utilization levels in these regions have mainly been supported by export markets. Growt

<BR>

AMI said there have been substantial increases in BOPP film use in the Indian sub-contin

<BR>

There has been increased investment in new lines in these regions, with Russia, for exam

<BR>

AMI said there have been substantial increases in BOPP film use in the Indian sub-contin

<BR>

There has been increased investment in new lines in these regions, with Russia, for exam
<BR><BR>
1964 Investment News
slowsSource:
in global
4/19/2007
BOPP film industry
Prw
Mitsubishi Chemical Corp has plans for substantial increase in polycarbonate capacity in
<BR>
Sinopec Yanshan Petrochemical will hold 40% stake in the JV and MCC will hold 55% of th
<BR><BR>
1965 Mitsubishi plans
Newstosource
expand
4/19/2007
: PM
polycarbonate capacity in Asia
Total Petrochemicals France has declared "force majeure" on all PE products from its site

<BR><BR>

1966 Total declares Force


News Majeure
Source4/19/2007
: PM on PE from Gonfreville site in France

Page 316
News

Polymer Biz Eye


<BR>
Iran's National Petrochemical Company (NPC) Managing Director Gholam-Hossein Nejaba

<BR>
although, he added, As a substitute the company will take on further responsibility, toge

<BR>

Nejabat said the numeral of petrochemical products trade at permitted prices was limite
<BR>

According to a current Majlis approval the government has been appreciative to eradicat

<BR>

Iran President Mahmoud Ahmadinejad has also preserved that abolition of grant would b

<BR>

Under the 20-year Outlook Plan, Iran Middle East and 0.9 percent in the world. 's NPC is c

<BR>

The company is holding talks with several foreign companies over a petrochemical proje
<BR>
………………………………………………………………………………………………………………………
<BR><BR>
1967 Iran (NPC)Price
News slacken
Editor4/19/2007
to concept Petrochemical Market Visible
: Polymerbiz

Page 317
News

Polymer Biz Eye


<BR>
Asian PVC producers finishing their April production in the exceptionally starting of the m

<BR>

The new offer concentration signify an raise on average of $ 40-50/ton over April deals,

<BR>

Rising downstream demand impelled the producers to look for upper prices for May in lin

<BR>

On the require side, players in China reported that re-export converters have been bellig

<BR>

At the similar time, Chinese producers elevate their export offers by $ 20-40/ton to $860

<BR>

With the export business strong, manufacturer have not been affliction from up inventor

<BR>

Instantly that stipulate in China's domestic market has also amplified, producers keep on

<BR>
………………………………………………………………………………………………………………………
<BR><BR>
1968 China's MayNews
contracts for
4/19/2007
Analyst PVC settling
:Polymer biz privilege

Page 318
News

Polymer Biz Eye

<BR>
China's total ethylene production was predictable to hit 16 million mt/year

in 2010,disparity with lately over the 10 million mt planned for 2007, said

Qin Wei Zhong, Director( Sinopec)

<BR>

He said China's ethylene utilization would likely boosts to 25 millions

mt/year in 2010 evaluated with 20/ million mt/year in 2007. Due to the

Considered cracker extension in China, ethylene imports to China would

Probable be unmoved.

<BR>

He said a cracker project in Fujian, which has been manage by Sinopec,

ExxonMobil as well as Saudi Aramco, would be concluded in late 2008 The

cracker was planned to switch on experimental 2009 and was accepted to

produce 800,000/mt/year of ethylene.

<BR>

In Tianjin, Sinopec was scheduled to start up a cracker with one million/MT

year ethylene capacity in the first-half of 2009.

<BR>

Qin said China's naphtha imports would not improve significantly even as of the

series of cracker development as essentially of these plans come with refinery

upgrades.<BR>

Qin said impact on such cracker projects from MTO(methanol-to-olefins)process

he was not too concerned about it.

<BR>

There are several difficulties for MTO process as it needs large coalsupplies and

ample water supplies," . Qin said Sinopec itself hasbeen developing a MTO process

technology as well.<BR>

………………………………………………………………………………………………………………………
<BR><BR>
1969 China's ethylene output
News 4/19/2007
Editor
to hit 16
:Polymerbiz
mil mt/year in 2010
Page 319
News

Polymer Biz Eye


<BR>
Globally propylene prices have been gradually rising in major regions since the end of M

<BR>

An apparent improve was also experiential in the downstream PP market. April contracts

<BR>

Asian market, propylene prices have also posted build up within the same period. Source

<BR>

The consequence on the downstream PP market, although, have not been as noticeable

<BR>

In the US, propylene prices have stirred up by $86 /ton since end March, as well, on the b
<BR><BR>

1970 propylene prices


News higher 4/19/2007
in global markets
Analysis:Polymerbiz
<BR>The battle between Singapore and China to become the leading production and sp

<BR>

The government has committed to raise ethylene output from 2.1/Millions tones/year to

<BR>

Most of the budget will be allocated for chemicals and related sectors such as engineeri

<BR><BR>

1971 China: Singapore


News Source:
and China
4/20/2007
Elsevier
battleEngineering
to be top chemicals
Information
hotspot
<BR>Demand For Ethylene Glycol And Ethylene Oxide is predicted to grow by 6.5-7% pa
<BR>
America with 27% of EG production capacity is considered to be a major producer of this

<BR>

Ethylene glycols are used in the manufacture of polyester fibre, polymers like PET, polye

In the countries with a highly developed automotive industry (USA, Western Europe), the
<BR>
Ethylene oxide gas kills bacteria and fungi, and can therefore be used to sterilize substan
<BR><BR>

1972 Demand ForNews


Ethylene
Source
Glycol
4/19/2007
: PMAnd Ethylene Oxide to grow by 6.5-7% pa

Page 320
News

<BR>

The products were transported to Britain, Turkey, Pakistan, Spain, the Netherlands, Chin

<BR>

Gas liquids, naphta, natural gas, xyelene compounds, methanol, and salt constitute the f

<BR>

Petrochemical products accounted for the highest share of non-oil goods Iran exported d

<BR>

Totally 42.2 percent of the weight and 38.6 percent of the value of exported non-oil prod

<BR>

The country exported 14,236,800/MT ,of petrochemical products, valued at $ 6.11 billion

<BR>

According to the Customs Administration, gas liquids (propane, butane), polyethylene, m

<BR>

Iran"s petrochemical products have been sold to more than 260 clients from 42 countire

<BR>

Iran Petrochemical Commercial Company's total output is predictable to reach 80/ million

<BR>

According to the prediction, 64/ million tons of the figure will be salable and the compan

<BR>

IPCC also aims to produce 6.5% percent of the world"s petrochemical output and to hold

<BR>

The company has planned to produce 30.3/ million tons during the current Iranian calend

<BR>

National Petrochemical Company (NPC) prides itself on carrying out eight petrochemical

<BR>

The NPC managing director announced that Ghadir Petrochemical Complex, the world's l

<BR>

Iranian Govt Officals said inauguration ceremony of the plant would be held in the pres

<BR>
Page 321
"Everything is ready for the inauguration of Ghadir Petrochemical Complex in Assalouyeh
News

<BR>In Oman Sayyid Fahd Bin Al Julanda Bin Majid Al Said, a Member of Oman's Royal F

<BR>
The $1.35 billion Sohar Refinery Co (SRC) forms an integral component in the governmen

<BR>
According to Ahmad Bin Yahya Al Hadabi, Acting CEO of Sohar Refinery, the larger upstre

<BR>
The SRC complex is designed to process a mixed feedstock of 65 per cent Oman export

<BR>

The daily productivity of Sohar Refinery is 765/MT, liquefied gas, 1196/MT polypropylene

<BR><BR>

1974 Oman puts Middle


$1.6b plant 4/19/2007
on stream
East Outlook
<BR>Oman Polypropylene (OPP) announced that the possibility survey for the refinery, c

<BR>

The suggested project, called Duqm Refining and Petrochemical Complex (DRPC), will en

<BR>

It is expected to include four trains. In Q3 2006, the company launched its 345,000/MT p

<BR>

Recommencement of operations is impending. The pp plant is operational at a rate of as

<BR><BR>

1975 Oman strategy


NewsPPEditor:
cracker
4/19/2007
Polymerbiz
upstream in multi-complex

Page 322
News

<BR>Northwest European cracker operators have seen their ethylene production margin
<BR>

Captivating European spot ethylene values on January 12, €925/MT FD NWE ($12oo/MT
<BR>

Evaluate that with the ethylene and naphtha values on April16 of € 947/MT
<BR>
FD NWE ($1278.73/MT FD NWE) and $674/MT CIF , NWE respectively, the
cracker margins worked out to around $348/MT, a drop of $344/MT since January 12.
<BR>

The basis reason following the steady amplify in naphtha prices was the persistent arbitr
<BR>

Since the opening of the year, players approximate an average illustrate ofAlmost 300,0

<BR>
The naphtha high of 2007 equaled that on July 14, 2006, when the market Respond to th

<BR>

The stiffly cracking margin in July 2006 versus April 2007 was due to the, General increa

<BR>

In the meantime, NWE ethylene producers who have the capability to switch from napht
<BR>

The naphtha-butane spread, April 13, attained its widest point in more than year, consid
<BR>

In the NWE ethylene stain market, a kind contango into May was seeming by market co
<BR>

Players said a firmer market was to be probable due embarrassed Supplies following cra

<BR>

Some ethylene producers stated that they would be watching the


growth in the upstream naphtha market closely before coming up with
potential offers for May products. Other producers said they would refrain from offering i

<BR><BR>
News Source :WP

1976 NWE cracker margins suffer


4/19/2007
on surging naphtha, stable ethylene

Page 323
News

<BR>Iran's state-owned National Petrochemical Company did not expect any rescheduli

<BR>

NPC had to shut down the Fanavaran plant last week due to not mentioned technical pro
<BR>
However the nature of the problem was seen as severe, with the shutdown acceptedto l
<BR>
The source did pointed, however, that if demand for methanol were to recover strapping
<BR>
NPC was running the Zagros plant at its uppermost probable rate of 50% and would not
<BR>
Market interest for methanol from the Zagros plant had been chilly inpast weeks as the f
<BR>
However, the source noted that the contamination problem had been solved
completely and that methanol shipped out from the Zagros plant was all on-spec
now.
<BR><BR>
1977 Iran NPC monitor no methanol
News source 4/20/2007
: WP consignment delays even though Fanavaran outage
<BR>Taiwan's petro chemical company CPC Corp, state oil refiner, slash its naphtha p

<BR>

CPC, which can make 1.1 million metric tons of ethylene per annum from naphtha, has b

<BR>
A 25% percent plummet in ethylene prices since embark on February has prompted chem

<BR>

``Ethylene has drop sharply seeing that regional supply is outdo demand,' sources said i

<BR>

In Region other petrochemical companies , South Korea's Yeochun NCC Co. and Exxon M

<BR>

The drop in CPC's naphtha exception rates has engrave the refiner's naphtha import pre

<BR>

Ethylene, predictably made from naphtha and gas, is the basic building block of plastics.
<BR>
Oriental Union Chemical makes ethylene glycol, a key ingredient in polyester fibers and

<BR><BR>

1978 Taiwan's petrochemical


News Editor 4/20/2007
:Polymerbiz
unit Cuts Operating Rate as Ethylene Require plunge

Page 324
News

<BR>PP, LLDPE and PVC can be traded on NCDEX.

<BR>

The National Commodity & Derivatives Exchange (NCDEX) in India has started trading in
<BR>
Managing director and chief executive of NCDEX, PH Ravikumar, said: "Currently polyme
<BR>
Reliance Industries, India's major polyolefins producer, has shown support for the launch
<BR>
Targeted at the Indian market, the NCDEX plastics futures differ from the global contract
<BR>
The unit of trading is 3 tonnes and NCDEX accredited warehouses are located at Bhiwan
<BR>
NCDEX has set a daily price fluctuation limit of 6% for the contracts. In addition, membe
<BR>
The exchange establishes spot prices twice a day through a polling process, in which it r
<BR><BR>

1979 Indian plastics


Newsfutures
Source
trading
4/20/2007
: PRWstarts
<BR>Chinese producers offer in Turkish market HDPE blow molding at $1320-1330/ton C
<BR>

although, players in Turkey are uncertain to procure long distance shipments, since they

<BR>

When appearance at the Chinese market, trading activities are reported to be significant

<BR>

Accordingly, players are taking their chances in substitute export markets to advantage

<BR>

seem to be ahead, the outlook of China's manufacturers will be the influential reason in

<BR><BR>

1980 In Turkey Chines


News manufacture
source4/20/2007
Hdpe offer prices Fall down
:Polymerbiz

Page 325
News

PTT Chemical has belated the conclusion of its $225m joint venture project in Iran by as

<br>

"Iran right now is appearance to sanctions, so it's facing very complicated to find a serv
<br>

PTT Chemical, Thailand's largest olefins manufacture, embrace a 10% venture in the pro

<br>

Further focal stake holders incorporate Thailand- largest petrochemical company Siam C

<br>
PTTCH's first-quarter revenue was predictable to fall due to the planned shutdown of var

<br>

Its ( Proppane dehydrogenation unit ) was closed for 25 days, while (2 of its crackers )w

<br>

PTT 'production capability has amplified to 1.75m tonnes/year from 1.60/MT/year after th

<br>

As for earnings, the company official reported ethylene was forecast to cost $500/tonne

<br>

Average spreads for olefins and HDPE this year should drop about $50-60/tonne from $6

<br>
"We're very cautious about margins. When new production capacity comes online later t

<br>

PTT Chemical strategy to concern $300m values of debentures in the later part of the ye

<br>
PTT Corp policy to release first-quarter profit through the first week of May 2007.

<br><br>

1981 PTT Chem instability


News Sourcebelated
4/21/2007
: IranHDPE
Pressproject in Iran

Page 326
News

<BR>Polymer market players EYE both in Turkey and China that demand has slowed d

<BR>

In China, PS prices moved up both in the local and the import markets as the sentiment

<BR>
Certainly, sources reported that trading conduct are not as busy as sellers accepted. Fre

<BR>

In the same way in Turkish market, sellers criticize that their sales are not as well as the

<BR>

For the meantime, Asian PS proffer keep on steady. Turkish purchaser are not enthusiast

<BR><BR>

1982 PS demand News


downward
Editor in
4/23/2007
China and Turkey
: polymerbiz

Page 327
News

<BR>Indian petrochemical industry naphtha sell overseas grown to its record levels so f

<BR>

There are absolutely further consignments from India this month and virtually each key

<BR>

India's exports for April cargos have attained slightly above 600,000-610,000/MT as spot

Several players wait for Indian refiners to stay up their selling impetus in the Coming few
<BR>

Since January, Indian naphtha exports had turn down to 400,000-480,000/Mt, th smalles

<BR>

But now, the surge is varying as Indian refiners such as Indian Oil Corp , Oil & Natural Ga

<BR>
Demand from power plants for naphtha is subordinate as they have also stride up cheap

<BR>
This, next to with the coming of arbitrage consignments from the Mediterranean and Eur
<BR>

"At the moment, we can see that one of these refiners would concern a spot tender to se

<BR>

The first-half June/second-half June intermonth paper backwardation conical to $4-6/tonn

<BR>

Even as increasing Indian exports had supported effortlessness the region 's current dea

<BR><BR>

1983 In India April naphtha


News exports
4/23/2007
Analysis flow
:Polymerbiz

Page 328
News

<BR>Borouge today announced the launch of the Gulf Plastics Pipe Academy (GPPA), of

<BR>

The GPPA is an independent, non-profit organisation that has been formed to promote th
<BR>

The GPPA is committed to raising the knowledge and skills required to develop high qual

<BR>

It is well recognised that there is a need for more durable and reliable pipe systems to b

<BR>

Harald Hammer, Chief Executive Officer of the Borouge marketing company commented

<BR>

Rob Lawrence, Chief Executive, GPPA commented: "We are pleased to have the support

<BR>

"The GPPA model also has relevance in the significant pipe markets in India and China w

<BR><BR>

1984 Borouge announces launch


News Source4/23/2007
of the Gulf Plastics Pipe Academy to promote the use of high...
: PM

Page 329
News

<BR>Borouge today announced the launch of the Gulf Plastics Pipe Academy (GPPA), of

<BR>

The GPPA is an independent, non-profit organisation that has been formed to promote th
<BR>

The GPPA is committed to raising the knowledge and skills required to develop high qual

<BR>

It is well recognised that there is a need for more durable and reliable pipe systems to b

<BR>

Harald Hammer, Chief Executive Officer of the Borouge marketing company commented

<BR>

Rob Lawrence, Chief Executive, GPPA commented: "We are pleased to have the support

<BR>

"The GPPA model also has relevance in the significant pipe markets in India and China w

<BR><BR>

1986 QAPCO signs technology


News Source4/23/2007
:agreement
PM with Basell
<BR>South Korea's biggest refiner SK Corp. (KSE:003600) said Monday it plans to const

<BR>

The facility with an annual capacity of 800,000 tons of ethylene will be built in Wuhan, a

<BR>
It is the first time that a South Korean refiner has decided to build such a large plant in C

<BR>
"The size and site of the plant have roughly been decided, but more details have yet to b

<BR>

Ethylene is a colorless flammable gas derived from natural gas and petroleum, and used

<BR><BR>

1987 China: SK Corp


NewstoSource:
build 4/23/2007
naphtha
Asia Pulse
cracker
Pte plant in China

Page 330
News

<BR>Otechestvennye Polimery LLC, Lukoil-Neftekhim and Sibur's joint venture have con

<BR>

.............................................................................................................

<BR><BR>

1988 Russia: DealNews


concluded
Source:4/23/2007
onElsevier
the purchase of Polyesf
Engineering JSC controlling stake.
Information.
Iran plans to become Middle East's largest petrochemicals producer by the end of its 20

<BR><BR>
News Source : WP
1989 Iran set to become Middle4/24/2007
East's main petrochemicals producer
China is likely to double its production capacity of propylene by 2011 to 14.7 million mt f

<BR>

Middle East growth rate will be even faster as the production capacity will increase more

<BR><BR>

News Source :PB


1990 Propylene capacity in China
4/24/2007
and Middle East to double by 2011
Braskem signed an agreement aiming at the formation of two joint ventures to develop J

<BR><BR>
News Source :PB
1991 Jose Petro Project to include
4/24/2007
1.3 million tons ethylene cracker
Global Growing demand and delays in new ethylene and polyethylene (PE) capacity addi
<BR>
Most market consultants had projected strong market conditions until 2009-2010, when
<BR><BR>
1992 Global: NovaNews
Expects Strong
4/24/2007
Source: Ethylene
Access and PE Demand Through 2011
Intelligence

Page 331
News

U.S. spot ethylene prices continued to rise last week on the back of brisk trade, increasin

<BR>

European spot olefins prices rose in response to higher steam cracker feedstock prices. E
<BR>

Aromatics prices gained across the board last week as a result of higher energy prices. B

<BR>

Methanol producers, who recently cheered the return of buying interest, say they are reg

<BR>
Spot polymer prices in Europe accelerated their recent increases, as converters continue

<BR><BR>
News Source: Access Intelligence
1994 USA: Spot ethylene prices
4/24/2007
continued to rise last week

Page 332
News

In Asia, the ethylene market was in a sliding tendency for the past few months. Sufficien

<BR>

Ethylene prices on CFR Asia basis also moved up last week, although not to the same de

<BR>

Sources accredited the current pick up of the ethylene market to good PE demand joint w

<BR>

IN Korea PE producers reported are to be content with the demand in the export markets

<BR>

In the interim, some Asian PE offers with May shipment have been announced to China.

<BR>

Conversely, China's PE market has been slow presently due to the forthcoming May holid
<BR>

As a result, Asian sellers are accepted to carry on deflect some of their consignments to
<BR><BR>

News Analysis :: Polymerbiz

Taiwan's Formosa delays Naphtha cracker startup to end-May

Polymer Biz Eye

Taiwan's biggest petrochemical company Formosa Petrochemical has decisive to impedi

Cracker No 3 was intended with a name plate capacity of 1.2 million tones/per annum

The suspension could be accepted to press on Asian ethylene prices over the near-term

News Editor :Polymerbiz

1995 IN Asia Ethylene Market4/24/2007


Outlook

Page 333
News

Taiwan's biggest petrochemical company Formosa Petrochemical has decisive to impedi


<BR>
Cracker No 3 was intended with a name plate capacity of 1.2 million tones/per annum
<BR>
The suspension could be accepted to press on Asian ethylene prices over the near-term

<BR><BR>
News Editor :Polymerbiz
1997 Taiwan's Formosa delays
4/24/2007
Naphtha cracker startup to end-May

Page 334
News

Oil Search Ltd (ASX:OSH) has posted a drop in first quarter production, due to a planne

<BR>

Oil production for the first quarter of 2007 was impacted by a planned maintenance shut

<BR>

"This work was successfully completed without incident in February, and all fields have s

<BR>

"However, production is now averaging just under 50,000 barrels of oil per day and the c

<BR>

Sales revenue also sank in line with the reduced production, to $US115.1 million ($A137
<BR>
"The average realised oil price achieved for PNG crude was US$65.02 per barrel, six per

<BR>

Oil Search said that after encouraging results from the first phase of studies into a poten

<BR>

Managing director Peter Botten said there was little doubt that the key development dur
<BR>
"Given the significant time and effort the company had invested into the Project over a n
<BR>
"However, the reasons were compelling: the studies completed in January clearly demon
<BR>

"The key drivers of these better returns are the ability to access global gas pricing, which
<BR>
Oil Search's annual reserves audit was recently completed, with both proven and proven

<BR>

The sale cut proven reserves by 13.4 million BOE and proven and probable reserves by 1

<BR>
"It is hoped that the very active exploration, appraisal and development activity planned

<BR>

But despite some setbacks, Mr Botten said he is expecting a strong year.

"Looking to the rest of 2007, while production in the first quarter was impacted by plann
<BR>

"With the first contribution from the East Ras Qattara block expected before the end of t
<BR>

"Based on the current outlook


Page 335of continued buoyant oil prices, we look forward to anothe

<BR><BR>
News

Sinopec Zhenhai Refining & Chemical Co, a unit of China Petroleum & Chemical Corp, ha
<BR>
Sinopec said in a statement that the joint venture involves total investment of 4.44 bln y
<BR>
The plant will have designed annual output of 285,000 metric tons of propylene oxide (P
<BR>
The joint venture will use Lyondell's POSM technology. The partners will jointly market al
<BR>
Sinopec said revenue from the plant is expected to surpass 10 bln yuan annually.
<BR>
In February, Lyondell said it and Sinopec Zhenhai had received final government approv

<BR><BR>

News Source: Xinhua Financial Network News

1999 Sinopec Zhenhai, Lyondell


4/24/2007
Chemical set up 4.44 bln yuan chemical jv in Ningbo
China's strong demand for petrochemicals has attracted investment from many Taiwane

<BR>

There are no restrictions on either side for private company investments in downstream
<BR>

The investment is helping China meet the growing demand due to its booming economy

<BR><BR>

Today News : PM
2001 Taiwan's Chinese Petrochem
4/24/2007
Ties

Page 336
News

Oman Polypropylene is accepted to start again regular manufacture at its 340,000/tonne

<BR>

Oman Polypropylene is hold by Oman Oil (40%), LG International (20%), Gulf Investment

<BR>

The plant has been operation at a 50-55% operational rate following its regenerate last w

<BR>

The restart was established to effortlessness the stiff supply condition in the MiddleEast

<BR>
Inadequate availability of PP in the past few weeks has escort foremost regional produce
<BR>
to elevate offers for May in the Gulf Cooperation Council region.
<BR>

Offers were hike by $30/tonne from April to $1350-1360/tonne delivered (DEL) for raffia

<BR>
The plant was strained to shut down on first week of February following an outage at the

<BR>

The refinery, which provides propylene feedstock to the PP plant, was also reopen mid h

<BR>

With the reviveof the unit, all of the propylene produced from the refinery was being use

<BR><BR>

News Source :WP


2002 IN Oman PP plant to restart
4/24/2007
full production

Page 337
News

<BR>
China aims to boost its oil reserves to 30 days worth of imports by 2010, Chen Mingde, v

<BR>

Oil reserve sites should be located at places where transport infrastructure was advance
<BR>
It was the first time that an official from the commission revealed details about the oil re

<BR>
Chen said the country does not plan to increase its reserves to the levels of many develo

"We have so many areas that need money - education, healthcare and social security," h
<BR>

"We are short of funds. On the other hand, oil prices at international markets are still fluc

<BR>

Chen said China had decided that it needed oil reserves to deal with emergencies.
<BR>
He said rules were being drafted concerning the issue of oil reserves. The rules will stipu
<BR>
Enterprises in the oil business will also be required to keep a reasonable amount of reser

<BR>

Meanwhile, Chen said China regarded nuclear power as a "transiting replacement" for pa

<BR>

He added that China's solution to the energy problem was to boost energy efficiency and
<BR>
Renewable, clean energy includes that produced by wind farms, hydropower and solar p

<BR>
"Nuclear power can not save us because the world's storage of uranium and other radioa
<BR>
In addition, there was still no real solution worldwide to how to properly dispose of nucle

<BR>
"(For our descendants), the price for disposing of them could be very high."
<BR>
China's current capacity for nuclear power generation is about 7 million kilowatts.
<BR>
By 2020, the figure will grow to 40 million kilowatts, with facilities to produce 18 million k

<BR>

"But we still don't know where we should obtain all the needed material," he said.
<BR>
"We are still searching."
Page 338
<BR>
News

Sinopec Zhenhai Refining & Chemical Co, a unit of China Petroleum & Chemical Corp, ha
<BR>
Sinopec said in a statement that the joint venture involves total investment of 4.44 bln y
<BR>
The plant will have designed annual output of 285,000 metric tons of propylene oxide (P
<BR>
The joint venture will use Lyondell's POSM technology. The partners will jointly market al
<BR>
Sinopec said revenue from the plant is expected to surpass 10 bln yuan annually.
<BR>
In February, Lyondell said it and Sinopec Zhenhai had received final government approv

<BR><BR>

News Source:Xinhua Financial Network News


2004 Sinopec Zhenhai, Lyondell
4/24/2007
Chemical set up 4.44 bln yuan chemical jv in Ningbo
China may have the equivalent of 30 days worth of crude oil imports as its strategic rese

<BR>

He added China wouldn't spend too much on reserves while prices were high. The first p

<BR><BR>

News Source : SP
2006 China looking at oil reserves
4/26/2007
There is unlikely to be any downward pressure on oil prices in the near future with contin

<BR><BR>
News source : WP
2007 No oil price let-up likely4/26/2007
Saudi Arabia will lift its refining capacity by 62% to 3.4m bpd by 2012, according to a rep

<BR><BR>
News Source :AME
2008 Saudi refining to grow 62%
4/26/2007
Qatar Petroleum has been selected by the Tunisian government to build an oil refinery in

<BR><BR>
News Source :Qatar Press

2009 QP selected for Tunisian4/26/2007


refinery

Page 339
News

Market underdeveloped, says report on Russia and CIS.


<BR>
Demand for thermoplastics in Russia reached nearly 3.3/millions tones in 2006 according
<BR>

The market grew last year by more than 15% and has more than doubled since 2000.

<BR>

Nonetheless, the market remains underdeveloped, noted the report. Per capita productio

<BR>

Commodity polymers, especially PVC and EPS, account for more than 97% of demand, m

<BR>
The building and infrastructure and food packaging sectors will also continue to set grow
<BR>
Of the other CIS markets, only the Ukraine has a polymer demand of any substantial volu

<BR>

Current capacity for commodity thermoplastics within the CIS is just over 4m tones, with

<BR><BR>

News Source :PRW


2010 Russian thermoplastics 4/26/2007
market sees 15 per cent growth

Page 340
News

Focus on climate change is a "unique opportunity", says Wilfried Haensel.


<BR>

25 April 2007 – The growing international focus on climate change presents the plastics
<BR>
Speaking exclusively to EPN at the Identiplast plastics recycling conference in Brussels, H
<BR>
Climate change – and life cycle analysis - is moving to the centre stage of the environme
<BR>
Plastics, he said, enable more value to be extracted from every barrel of increasingly cos
<BR>
"When it comes to oil we have two options, we can burn it or extend its use for other pur
<BR>
Haensel, who took on the role of Plastics Europe executive director from BASF at the beg
<BR>
"The new member states are much more willing to listen. They are pragmatic and relate
<BR>
Organizations such as Plastics Europe have a key part to play in ensuring the plastics ind
<BR>
"This industry did not dare to talk to the public and has developed a defensive attitude,"
<BR><BR>

News Source: PRW

2011 Plastics Europe executive


4/26/2007
says climate's right for plastics
Upward price trend continues.
<Br>

25 April 2007 – Good demand, tightening supply and higher feedstock contracts drove st

<Br>

Sellers were able to pass on virtually all of the increase in Q2 feedstock costs during the

<Br>

Order intake was good with unexpectedly strong sales after Easter. Converter attempts t

<Br>

Stock levels remain on the low side across all polymer sectors. Tight supply is likely to re

<Br>

Having already achieved their price target to at least cover monomer cost increases in A

<Br><Br>

News Source :PRW

2012 Polymer price round-up 4/26/2007


for April

Page 341
News

A joint oil and gas company set up by Iran and Venezuela is all but complete, an official w
<BR>

A joint oil and gas company set up by Iran and Venezuela is all but complete, an official w
<BR>

Ali Talebi, who runs Petropars office in Caracas, said on Tuesday that the joint venture w

<BR>

During a visit to the Latin American state last September, Iran"s President Mahmud Ahm

<BR>

The joint drilling operation will allow the companies to quantify and formally certify the d

<BR>

This certification process is a part of Venezuela"s Bumper Reserve plan which foresees a

<BR>

The 11,593-square km belt consists of four areas - Boyaca, Junin, Ayacucho and Carabob

<BR><BR>

News Source :PB


2013 Iran, Venezuela Joint Oil4/26/2007
Company

Page 342
News

Japan's naphtha imports for ethylene production in March rose 6.7% from a
<BR>
month earlier to 1.405/ million/ mt, the Ministry of Economy, Trade and
Industry said in a statement Wednesday.

<BR>

The country's naphtha import price rose to $574.9/mt in March from


$545.4/mt in February, METI said.

<BR>
The Ministry also issued demand data for the following polymers for the
three months to March:
<BR>

<BR>

<BR>

<BR>

<BR>

<BR>

<BR><BR>

News Source : PT

2014 Japan's naphtha imports4/26/2007


rise 6.7% on month in March.

Page 343
News

Saudi Methanol Co, or Ar-Raz i, imagine to go further on with plans to closedown two of
methanol plant for 60 days of maintenance, and from June 25 the company be expecting
<BR>
The No 2 plant shutdown will consent with a fold down of the utilities. That provide both

<BR>
The company hasstill not determined if it will deflate its No 3 or No 4methanol plants at
<BR>

Saudi Methanol is presently in the midst of its 5th methanol plant at Al Jubail, which, wh
The conclusion of this new plant has been set for the first quarter of 2008. Ar-Razi is a 5

<BR><BR>

NEWs Source : SP
2015 Saudi Methanol on track4/26/2007
to take down for maintenance
United States spot ethylene prices continued to rise last week on the back of brisk trade
<BR>
ted to rise by nearly 9 cents / kg. European spot olefin prices rose in response to higher

<BR><BR>

News Source : PM
2016 Ethylene and Propylene4/26/2007
prices rise last week
Basell will expand polypropylene capacity at Bayport by restarting a polypropylene plant
<BR><BR>

2017 Basell to expand


News polypropylene
Source4/26/2007
:WP capacity

Page 344
News

China's demand for diesel oil, gasoline, kerosene and naphtha in the coming two to three

<BR>

The relatively stable international price of crude oil, which has hovered around US$60/ba

<BR>

Diesel in the second quarter of this year will see a surge by 6 per cent year on year, as t

<BR>

Demand for gasoline and kerosene will rose by 6.5 per cent and 5.5 per cent, respective

<BR>

Demand for naphtha is expected to jump 20 per cent thanks to the sharp growth of petro

<BR>
Fuel oil might suffer a small drop because the fast development of renewable energy is e

<BR>

Demand for LPG in the second quarter of this year might follow an up-and-down curve, s

<BR><BR>
2018 China: Demand
Newsfor oil products
Source:4/26/2007
forecast
Asia Pulse Pte to rise
SK Corp, the biggest oil refiner by capacity in South Korea, recently confirmed that it pla

<BR>
The South Korean company said that its President and CEO would visit China on May 1, a

<BR>

SK Corp said in a public announcement that no detail about the deal has been finalized s

<BR>
Planned to have capacity of producing 800,000 tonnes of ethylene annually, the project

<BR>
For lack of funding, Sinopec has not decided when to start the Wuhan project before brin

<BR><BR>

2019 Sinopec to Tie


Newsup Source:
with S.
4/26/2007
Korean
Financial
Counterpart
Times Information

Page 345
News

In Asia, a various of manufacturer herald their May PP offers to China with amplify. Sever

<BR>

A Malaysian producer also amplified its PP offers by $20-30/ton to $12801290/ton with th

<BR>
In the interim, traders have been inflate their offers from bonded warehouses in line with

<BR>

Other usual suppliers, including Taiwanese and Middle Eastern producers, are expected

<BR>

Certainly, producers are attainment support from various factor. First, the upward propy

<BR>

In adding up, they are indicate to healthy market environment in the overseas markets p
<BR>
although
<BR>
although, few players have observed the upstream tendency in the Asian offers and in p

<BR><BR>

2020 In Asia polypropylene producers


4/26/2007
News Editors intention for higher May possibly prices
:POLYMERBIZ

Page 346
News

Polyethylene (PE) and polypropylene (PP) prices in the Middle East rose by up to 3.6% fo

<BR>

The increase was obsessed by stretched supply due to shutdowns, as well as low operati

<BR>

Low density PE (LDPE) prices showed the razor-sharp climb, upper by $40-50/tonne in th

<BR>

In Asia LDPE Offers were estimated at $1390-1400/tonne CFR GCC for the May delivery.

<BR>

The contracts of HDPE , film Grade and LLDPE were done $20-30/tonne elevate at $13

<BR>
PP prices also increased by $20-30/tonne for all grades to $1350-1380/tonne shipments

<BR>
produce was limited, outstandingly for PE, with producers petite of material due to sturd

<BR>

although, several players said market rudiments were feeble in the East Med due to follo

<BR><BR>
2021 Middle EastNews
PE, PPAnalysis
prices
4/26/2007
rise on tight supply
: polymerbiz
China lager petrochemical Shanghai Petrochemical company official reported recurring

<BR>

The Sinopec additional, China's leading ethylene producer by capability, also accepted p

<BR>

In the quarter 1, Shanghai Petrochemical placement an operational profit of $168.2m e

<BR>

Functional profits rose 11.3% to CNY12.8bn whilst it dispatch a net profit of CNY1.1bn co

<BR>

Outlay income more than doubled to CNY225.7m as growth from joint venture Shanghai

<BR><BR>
2022 Shanghai petrochemical
News Source4/27/2007
reverse
: WP in profit in Q1, up

Page 347
News

European, PE manufacturer announced raises of €35-80/ton for May on upper of the €10

<BR>
First, they are acquisition sustain from the upward sequence, where naphtha and ethylen

<BR>

There is a list of shutdowns in the region, plummeting the inclusive availability.

<BR>

Ineos started a month-long maintenance shutdown at its 330,000 tons/year LLDPE


<BR>
plant in Grangemouth, the UK on April 25. Total's 250,000 tons/year HDPE plant in Gonfr

<BR>
On the other hand, trades consider that it will not be possible for manufacturer to achiev

<BR><BR>

2023 European Polyethylene


News Analysis4/27/2007
(PE) go on to climb?
:polymerbiz
Prices as they stood in the week before 16 Apr 2007 are discussed for naphtha, ethylene

<Br>

The units of INEOS and Borealis are scheduled to be shut down in the week of 16 Apr 200

<Br>

Propylene prices were higher in Europe than in Asia. Spot demand in Asia was sluggish b
<Br>

The European and Asian markets for mixed xylene, paraxylene and orthoxylene were re

<Br><Br>

2024 Global: Styrene


Newsfollows
Source:
4/27/2007
onElsevier
heels ofEngineering
benzene Information

Page 348
News

Iran's ambassador to Thailand denied report about delay in the Mehr petrochemical proje

<BR>

Iran, Thailand and Japan have shares in the project up to 40, 48 and 12 percent

<BR>

Mohsen Pak-Ayeen said that construction of the project is underway in Assalouyeh and n

<BR>

polymer Update News Agency reported two days ago that the project has encountered d

<BR>
Calling the report as baseless, the Iranian envoy to Bangkok said that the Thai and Japan

<BR>
Pak-Ayeen noted that Iran's petrochemical officials have also confirmed that the the proj

<BR>

Mehr petrochemical project is under construction with spending a 225 million dollars.
<BR>
Its production capacity is 300 thousand tons of Polyethylene annually.

<BR><BR>

2025 ran's envoyNews


denies delay
source4/27/2007
: in Mehr Petrochemical Project
Irna

Page 349
News

The U.S. senate's initiative in passing No Oil Producing and Exporting Cartels (NOPEC) le

<BR>
As reported earlier, the Senate Judiciary Committee on Wednesday passed legislation aim

<BR>

"Relations between countries that are rich in hydrocarbons and countries that depend on

<BR>

The said that the authorities in the U.S. and many countries in Europe are openly promot

<BR>

senators proposed to set up an 'energy NATO' to ensure stable supplies of hydrocarbons


<BR>
"In turn the European Commission is proposing to EU members to drop their independen
<BR>

In conditions when the U.S. is already using military force to establish "energy stability"
<BR>
The situation has now changed, Pravosudov said. "The U.S. has become the only superpo

<BR>

Therefore there is nothing surprising that resource-rich countries are again approaching
<BR>
"In connection with this, discussion of a 'gas OPEC' is necessary to demonstrate the unity

<BR><BR>

2026 NOPEC aimed at beating


News Source4/27/2007
:down prices
Russia & CIS- expert
Business and Financial Newswire

Page 350
News

CNOOC Ltd (SEHK:0883), China's top offshore oil and gas company, expects to discover
<BR>

"Our major discoveries at Bohai Bay are close to each other. Therefore, we anticipate a c

<BR>

PetroChina (SEHK:0857), China's leading oil producer, announced in March it had discove

<BR>

"While our production target for 2007 remains flat at 162 to 170 million barrels oil equiva
<BR>
CNOOC is undertaking steady exploration efforts to prepare for a production increase fro

<BR>

In the first quarter of 2007, CNOOC's capital expenditure increased by 70.3 per cent to 6

<BR>

A large part of the expenditure went to the OML 130 project in Nigeria, Yang said. CNOO

<BR>

Also yesterday, CNOOC reported total net production from the first quarter reached 473,

<BR>

In first quarter of 2007, CNOOC's net gas production increased by 41.1 per cent year-on-
<BR>
The company's unaudited revenue, however, dropped 10.9 per cent year-on-year to 14,8

<BR>

Liu Gu, a veteran analyst with Shenzhen-based Guotai Jun'an Securities (Hong Kong) Ltd

<BR><BR>

2027 NOOC EXPECTS


NewsTOSource
FIND4/27/2007
'CLUSTER OF OIL AND GAS FIELDS' AT BOHAI
: Asia Pulse

Page 351
News

China's PP and PE markets have shown a inactive presentation in the first four months of

<BR>

Concerning the deliberate than accepted trade of PP and PE, players mostly responsible

<BR>

Accordingly, buyers did not feel it was essential to buy more than their needs, as they w

<BR>

In the PP market, prices were in a downward tendency for the period of April. Producers

<BR>

Nowadays, producers are expression further sales difficulties due to the week-long Labor

<BR>

However, there are a few players who are embrace a positive point of view about the dir

<BR>

Comparable dynamics are also experiential in China's PE market. The domestic market h

<BR><BR>

2028 China polymer


News market
Editoroutlook
4/30/2007PP And PE price pick up in after holidays
: Polymerbiz
Japan's crude oil import from Iran in March recorded a 64.9 percent growth compared to
<BR>
According to a report released by energy agency affiliated to Japan's Economy Ministry,
<BR>
This accounts for 14.2 percent of Japan's overall crude oil imports, making Iran the third
<BR>
Iran exported an average of 485,000 bpd of crude oil to Japan during 2006.
<BR>
The report stated that Japan secures over 80 percent of its crude oil from the Middle Eas
<BR>
This is the first time the UAE has ranked as the number one supplier for that country. Qa
<BR><BR>
2029 Japan Oil Import Up 4/30/2007

Page 352
News

An open spec naphtha consignment was dealings at a record lofty of $686/tonne CIF (cos

<BR>

The trade on Friday saw shell buy a 13,500 tonne cargo with 8-12 May freight from Tota
<BR>

The elevate deal was attributed to requirement for gasoline invention slightly than expor
<BR>

Down flow, the gasoline market has been optimistic in current weeks, which axiom 10pp

<BR>

Bids on Thursday 26 April were heard at $665-668 /tonne, $670 /tonne and $671/tonne C

<BR><BR>
2030 Naphtha Prices
Newstrend
Source
records
4/30/2007
: WP high up in Europe

Page 353
News

Japan will provide an initial one billion dollar in concessionary loans to the Abu Dhabi Nat
<BR>
The loan to Adnoc complements an innovative deal signed in Riyadh, under which Japan

<BR>

The deals, announced at the start of a five-day tour of the Middle East by Shinzo Abe, Jap

<BR>
Japan, which is entirely dependent on foreign oil and gas, has grown more worried about

<BR>

Under the Abu Dhabi deal, the Japan Bank for International Cooperation, a sovereign trad

<BR>
The Japanese government has set a target of raising the percentage of oil imports in whi

<BR>
Under the proposed deal with Saudi Arabia, Japan would store Saudi oil in Okinawa. Toky

<BR>
The scheme, proposed during a meeting between Abe and Saudi Arabia's King Abdullah

<BR>

Foreign Ministry officials said Japan was keen to help Persian Gulf states diversify into no

<BR><BR>
News Source :Financial Times
2031 Japan to give $1b in loans
5/2/2007
for Persian Gulf oil
The Japan Petrochemical Industry Association (JPCA) expects the positive outlook in the c
<BR>

Japan's ethylene crackers are running at 100% capacity and shipments of polypropylene
<BR>

The startups of some ethylene projects n the Middle East might be postponed because th

<BR><BR>

News Source :Wp

2032 Japan: JPCA expects rosy 5/2/2007


outlook for petchem sector

Page 354
News

Qinzhou in China's Guangxi Zhuang Autonomous Region plans to build a large ethylene p

<Br>

The plant will require a total investment of 2.5 billion yuan (US$324 million).

<Br>

Upon completion, it will form an annual production capacity of one million tons of ethylen

<Br>

China's ethylene output is forecast to reach 8.1 million tons by 2010. Its market demand

<Br><Br>
News Source: Asia Pulse Pte

2033 China: Qinzhou to build US$324


5/2/2007
mln ethylene plant
According to anba: Petrobras is investing US$ 2.1 billion in the Presidente Getlio Vargas

<BR>

This is the largest investment ever made by the state-owned company in a single indust

<BR>

The funds will be invested in the installation and expansion of coke, gasoline and diesel,

<BR>

Late last year, the tender process for ground levelling and civil construction works bega

<BR>
The boiler will generate 180 tonnes per hour of steam, used in the refining of petroleum.

<BR><BR>

News Source: Infoprod

2034 Brazil: Petrobras to invest5/2/2007


US$2.1 bln in Southern Brazil

Page 355
News

Japanese output capacity of ethylene grew by 57,000 tonnes/y to 7,289,000 tonnes/y an


<BR>

A leaning towards partial expansions of crackers with aims such as shifting to heavy cru

<BR>

Also, Mitsubishi Chemical launched a feedstock diversification project at its plant in Kash

<BR><BR>

Source: Elsevier Engineering Information


2035 Japan: Domestic output capacity
5/2/2007of ethylene inched up.
Growth in chemicals and plastics helped increase the intimately observed procure mana

<Br>

An key reading of 50% or above specify that the manufacturing economy is generally gro

<Br>

The institute reported the broad US manufacturing sector extended in April for the third

<Br>

The purchasing managers index rose 3.8 points in April, the institute said, indicating a co
<Br>
Chemicals and plastics were among 11 manufacturing sectors that reported growth in Ap
<Br>
The April PMI of 54.7% is the highest measure since May of last year when the PMI was a

<Br><Br>

News Source : WP
2036 US manufacturing sustained
5/2/2007
upturn in April
US ethanol importer Gulf Ethanol Tuesday said it plans to build a 30million gal/year etha

<BR>

The Houston-based company, in a statement, said it has conducted preliminary on site a


<BR>
The initial inspection indicated utility requirements, including power and water, are "mor

<BR><BR>

News Source : WP

2037 Gulf Ethanol says plan ethanol-blending


5/2/2007 plant near Houston port

Page 356
News

Iran will be invest $12.5/ billion to develop 27 petrochemical projects as part of the coun

<BR>

Out of the $12.5billion, $9.5billion would be finance supported by hard currencies, he sa

<BR>
HE said 24 petrochemical projects with a $14.8 billion fund had been included in the Fou

<BR>

At present, Iran accounts for 12% of the Middle East's petrochemical output, valued at $
<BR><BR>
News source : PB

2038 Iran to invest $12 billion 5/2/2007


in fifth 5-year petchem project: NPC
Global PET markets are on an emergent tendency, since requirement is be converted int

<BR>

In Asia, PET prices are set to boost additional following the elevated PX feedstock values

<BR>

In China manufacturers elevated their proffers last week in the domestic market on the b

<BR>

US, producers are looking for raises of around $65/ton for May. They defensible their obj
<BR>

European, PET manufacturers emerge significant in attaining their hike intentions for Ma

<BR><BR>

News Analysis :Polymerbiz

2039 Globally PET prices increase


5/2/2007
in the coming summer

Page 357
News

TOKYO May 1
<Br>
Sumitomo Chemical Co. (TSE:4005) is establishing sales locations in Singapore, China an
<Br>
The Japanese firm has already created a sales company in Singapore that will specialize
<Br>
In China, where demand for the materials is strong, Sumitomo Chemical plans to set up b
<Br>
And in Europe, the firm intends to form a team specializing in products from the Saudi jo
<Br>
These overseas sales units are to start taking orders in October in an effort to secure buy
<Br>
The joint venture in Saudi Arabia will use ethane gas, which is significantly cheaper than
<Br>
For example, Sumitomo Chemical's Chiba Prefecture factory currently manufactures mor
<Br>
By setting up sales channels to market the low-cost materials made at the Saudi joint ve
<Br>

<Br>

News Source :Asia Pulse (Nikkei)


2040 S'TOMO CHEMICAL TO OPEN5/2/2007
SALES UNITS IN SINGAPORE, CHINA, BELGIUM
SUMITOMO CHEMICAL CO. (TSE:4005) is establishing sales locations in Singapore, China
<BR>
* In China, where demand for the materials is strong, Sumitomo Chemical plans to set up
<BR>
* And in Europe, the firm intends to form a team specializing in products from the Saudi
<BR>
SUMMARY
<BR>
Sumitomo Chemical to set up sales offices in Singapore, China, Belgium to coincide with

<BR><BR>

News Source : Asia Pulse


2041 Sumitomo Chemical to set
5/2/2007
up new sales offices in Asia, Europe
The country's largest petrochemical company PT Chandar Asri Petrochemical Center (CA
<BR>
The additional facility is expected to increase its installed production capacity for polyeth
<BR>
Naphtha is used as a basic material for polyethylene, which is a feedstock for benzene.
<BR>
CAPC secretary Suhat Miyarso said the new facility and the recent acquisition of PT Styre
<BR>
CAPC is 40 per cent owned by Strategic Investment from Malaysia, and the remaining sh
<BR><BR>
(ANTARA)
2042 INDONESIA'S CAPC TO BUILD
5/2/2007
US$40 MLN NAPHTHA CRACKING FACILITY

Page 358
News

An oil industry official has said that Iran is currently the second largest producer of petro
<br>

Managing Director of Iran's National petrochemical Company (NPC) Gholam-Hossein Neja

<br>

The figure will rise to 34 percent in the next 20 years, making Iran the top petrochemica

<br>
Referring to the extensive disinformation campaign against Iran, the NPC chief pointed o

<br>
Iran's petrochemicals export will be rise to 12 million tons in the year to March 2008, he

<br>

The official approximate that the value of petrochemical production in the country would

<br>

Nejabat announced earlier that a new petrochemical plant would be opened in Iran each

<br>

Meanwhile, Jam petrochemical, which produces 350,000 tons of ethylene annually, is the

<br>

The factory is the biggest in terms of output, announced the company's managing direct

<br>
The plant, he said, aims to increase foreign exchange revenues by expanding the export

<br>

Jam petrochemical is fed by 2.2 million tons of gas from South Pars, the ethane unit of Pa

<br>

Beigi said, "Of the total production, nearly 90 percent is exported and the rest is used to

<br><br>

News Analysis : Polymerbiz

2043 Iran Mideast's Second Petrochem


5/2/2007 Producer

Page 359
News

US' based largest petrochemical company Huntsman Corp announced that stream of its

<BR>

The company in the beginning will manufacture the bio-based propylene glycol at its Pro
products in middle scale magnitude, imminent further scale up and transfer of the proce
Neches, Texas.
<BR>

Huntsman official said global requirement for propylene glycol was around 20,000,000/M

<BR>

Propylene glycol is used to de-ice commercial aircraft prior to


take-off, and in the manufacture of construction materials, among other end
uses.

<BR><BR>

News Source : Polymerbiz

2044 Huntsman Corp , bio-based


5/2/2007
propylene glycol production up by 2008
In Europe, spot styrene prices marked a notable increase of $115-120/ton in April and ar

<BR>
The raises in the splotch market also borrow support to the indenture market. An preface

<BR>

In the meantime, in the downstream PS market, indenture for April finished with €35-40/

<BR>

Consequent features are accepted to prolong subsequent them in May contract consulta

<BR>

They are seem to be at the expansions in Turkey's PS market, players are unmoving wai

<BR><BR>

NEWS Analysis :Polymerbiz


2045 Strong styrene prompts hikes
5/2/2007
in NWE PS market

Page 360
News

Sinopec Group recently approved the design scheme for the one million tons/year ethyle

<Br>
The project is to go into trial run by September 2009, containing three parts respectively

<Br>
After completion, Tianjin Petrochemicals will reach a 15 million tons/year refining capacit

2046 Sinopec approves design5/2/2007


scheme of Tianjin ethylene project
Iran is a reliable country to supply energy demands of the EU countries, the country's de

<BR>

Gholam-Hossein Nozari made the remarks while speaking in the ceremony of developme
<BR>
Nozari, who is also managing director of the National Iranian Oil Company (NIOC), said th

<BR>

"Neighboring countries and the European states are interested in sourcing energy suppli
<BR>
He said that priority has been given to the development of Khesht Fars Oilfield, and that

<BR>

Nozari added that seismological studies show there is a gas field in Sarmashhad area of

<BR>

The official also said that research studies in the cities of Lar and Fasa, Fars province, ind

<BR><BR>

News Source :IRNA


2047 IRAN A RELIABLE ENERGY5/2/2007
SUPPLIER FOR European Union

Page 361
News

The country's largest petrochemical company PT Chandra Asri Petrochemical Center (CA

<Br>

The additional facility is expected to increase its installed production capacity for polyeth

<Br>

Naphtha is used as a basic material for polyethylene, which is a feedstock for benzene.
<Br>
CAPC secretary Suhat Miyarso said the new facility and the recent acquisition of PT Styre

<Br>

CAPC is 40 per cent owned by Strategic Investment from Malaysia, and the remaining sh

<Br><Br>

News Source : Asia Pluse

2048 INDONESIA'S CAPC TO BUILD


5/2/2007
US$40 MLN NAPHTHA CRACKING FACILITY
BP MIDDLE EAST is set to double its investment in the region this year as part of its expa

<BR>

* Speaking at the launch of BP's range of new and improved Visco engine oils with paten

<BR>

* Using BP patented CleanGuard protection, the Visco range comes complete with a uniq

<BR><BR>

News source : Asia Pulse


2049 BP Middle East set to double
5/2/2007
regional investment

Page 362
News

China's PP and PE markets have shown a inactive presentation in the first four months of

<BR>
Concerning the deliberate than accepted trade of PP and PE, players mostly responsible

<BR>

Accordingly, buyers did not feel it was essential to buy more than their needs, as they w

<BR>

In the PP market, prices were in a downward tendency for the period of April. Producers

<BR>

Nowadays, producers are expression further sales difficulties due to the week-long Labor

<BR>

However, there are a few players who are embrace a positive point of view about the dir

<BR>

Comparable dynamics are also experiential in China's PE market. The domestic market h

<BR><BR>

News Editor : Polymerbiz


2050 China polymer market outlook
5/2/2007PP And PE price pick up in after holidays
Ethylene prices continued to rise last week. Ethylene prices increased above US$1000/m

<Br><Br>

News Analysis : Polymerbiz

2051 Ethylene prices higher in5/4/2007


Asia
The country's largest petrochemical company PT Chandra Asri Petrochemical Center (CA

<BR>
<BR>
News Source : PM
2052 Indonesia's CAPC to build5/4/2007
US$40 million facility

Page 363
News

KP Chemical Corp., the petrochemical arm of the Lotte Group, said Thursday it is reviewi
"We are planning to build a plant that can produce 800,000 tons of PTA annually in China
PTA is a raw material for polyester fiber used to make conveyor belts and fishing nets.
Details, however, have yet to be fixed, as it is subject to approval by the Chinese govern
The factory will be built in the city of Jiaxing in the eastern province of Zhejiang, a compa
The petrochemical company revealed its plan to construct the plant in China at the fifth
South Korean retail giant Lotte Group acquired KP Chemical in July 2004.
<BR><BR>
News Source : Asia Pulse (Yonhap)
2053 SOUTH KOREA'S KP CHEMICAL
5/4/2007
PUSHES TO BUILD PTA PLANT IN CHINA
After 13 succeeding days of do business above 400 cents/gallon FOB US G,benzene price
<BR>
There is stagnant some ambiguity about production, the source said, observe that an NP
<BR>

The splash was the preeminent extend ever of successive days with benzene
trading over $ 398- 400 cents/gallon. For the duration of the straighten, benzene increas
record-high of$ 420 cents/gallon.
<BR><BR>
News Analysis :Polymerbiz
2054 US benzene falls below 400
5/4/2007
cents/gallon after inventory report
Iran's National Petrochemical Company strategy to regenerate its 1 million/MT/ per year
<BR>

The company was obligatory to shut down the plant in the Second week of April, due to
<BR>
In the meantime, the company's 1.8million mt/year methanol plant at Assaluyeh is also p
<BR>

NPC usually exports 15,000-20,000mt monthly to Asia, mainly to India.The company sou
<BR>
In market news, methanol prices were seen to have hit the bottom amid the plant outag

<BR><BR>
News Source
2055 Iran NPC to restart Fanavaran
5/4/2007
methanol unit mid-May after repairs
The Russian government is supporting Lukoil's bid to develop major oil fields in Iraq, the

<BR><BR>

News source : ME Press


2056 Moscow backs Iraq oil bid5/4/2007
India's Oil and Natural Gas Corporation is in talks to acquire up to 33% of an Egyptian de

<BR><BR>

News source : ME Press

2057 ONGC in Egyptian stake talks


5/4/2007

Page 364
News

Crude oil prices are likely to average around $62.3 a barrel in New York this year accordi

<BR><BR>
News source : ME Press
2058 Oil to average $62.3 5/4/2007
Sabic subsidiary Saudi Kayan has signed a preliminary agreement with China's HuanQiu

<BR><BR>

News source : ME Press


2059 Saudi Kayan signs poly. Deal
5/4/2007
Saudi Arabia has assured Asian oil importers of secure supplies, but without pumping mo

<Br><BR>
News source : ME Press
2060 Asia given oil supply assurance
5/4/2007
India is willing to store Saudi oil, although it currently does not have any strategic storag

<BR><BR>

News source : ME Press


2061 India, Japan eye Saudi oil5/4/2007
storage

Page 365
News

Teknor Apex-owned company Singapore Polymer Corporation (SPC) is starting up its new

<BR>

A newly formed company, Teknor Apex (Suzhou) Advanced Polymer Compounds, will ope

<BR>

Additional capacity is expected to come on stream within the next two years, according

<BR>
Lederer further highlighted the wide range of the Suzhou plant's current production, add

<BR>

The Suzhou plant opening will be formally announced at Chinaplas 2007, to be held in Gu

<BR>

"Teknor Apex Suzhou will provide Chinese processors with fast access to custom compou

<BR>

Besides starting up the Suzhou facility, Teknor Apex has begun production of TPEs in the

<BR><BR>

News source PRW

2062 Singapore Polymer to launch


5/4/2007
China plant
In Europe, April PP contracts settled with €20-40/ton increases. The planned PP maintena

<BR>

Polymer payers Sources in Italy reported that currently producers have started to give th

<BR>

There was a slide of scheduled shutdowns in the region for the period of April. However a
<BR>
There were also a few unexpected shutdowns in late April. Borealis had to shut its 290,0

<BR>
Producers are also expectant the quarter 3 propylene contract to settle higher. For that

<BR>
Meanwhile, several converters in the region confirmed the rising tendency in the PP mar
<BR><BR>
News Editor : Polymer Biz
2063 In Europe: PP market set 5/5/2007
to increase in May

Page 366
News

KP Chemical Corp., the petrochemical arm of the Lotte Group, said Thursday it is reviewi
<BR>
"We are planning to build a plant that can produce 800,000 tons of PTA annually in China
<BR>

PTA is a raw material for polyester fiber used to make conveyor belts and fishing nets.
<BR>
Details, however, have yet to be fixed, as it is subject to approval by the Chinese govern
<BR>
The factory will be built in the city of Jiaxing in the eastern province of Zhejiang, a compa

<BR>
The petrochemical company revealed its plan to construct the plant in China at the fifth
<BR>
South Korean retail giant Lotte Group acquired KP Chemical in July 2004.

<BR><BR>

News Source :: Asia Pulse


2064 SOUTH KOREA'S KP CHEMICAL
5/5/2007
PUSHES TO BUILD PTA PLANT IN CHINA
Iraq has invited Indian companies to build a 8-10 million tonne refinery in the war-ravage

<BR>

"We had a very good meeting with Iraqi oil minister Hussain Al-Shahristani on Wednesda

<BR>

The Iraqi oil miniser is visiting New Delhi in the next two weeks to further discuss the pro

<BR><BR>

News Source : ( PTI ) Asia Pulse


2065 IRAQ INVITES INDIAN FIRMS
5/5/2007
TO BUILD US$2 BLN REFINERY

Page 367
News

With oil companies having been directed to market five per cent petrol blended with eth

<BR>

Announcing this in Lok Sabha, Minister of State for Petroleum Dinsha Patel said there wa

<BR>

There are no plans to import ethanol for the blended petrol programme, he said adding a

<BR>

Patel said the government has asked all car manufacturers to study and implement the c
<BR>
May 4, 2007

<BR><BR>

News source : The Press Trust of India


2066 No plan to import ethanol:
5/5/2007
Minister
China plans to build an ethylene plant in its Qinzhou economic development zone. The to

<BR><BR>
News Source : PM

2067 thylene plant to be built in


5/5/2007
Qinzhou
Libya´s National Oil Corp and Dow Chemical will establish a joint venture to expand the R

<Br><BR>
News Source : PM
2068 Libya's National Oil Corp.5/5/2007
in joint venture with Dow Chemical
South Korea' Petrochemicals company Samnam restarted PTA pant in next week its C
<BR>
The plant was shut up April 18 and embark on restart procedures on April 30. It is curren
<BR>

In the meantime, Asian PTA stain prices prolonged to be sturdy on the back of growing fe
<BR>
Polyester plant sprint were attached at about 80% of capability on average. It
was a relatively high rate as polyester manufacture were positive about creature able to
<BR>

There is not much considerable consequence from the May Labor holidays as
the majority Chinese polyester firms are quiet running their plants," amplification the mo

<BR><BR>

NEWS Analysis :polymerbiz


2069 amnam Petrochemical restarts
5/5/2007
PTA plant after maintenance

Page 368
News

In Asia LPG traders are ramping to naphtha and gasoline renvois, predominantly the forw
<BR>
Even as this inter-market prevarication has been going on for for a moment, there is an a

<BR>
There is an absence of a liquid physical and paper market for LPG especially during Asia
<BR>
Petrochemical players utilize naphtha to evade when they buy butane. If it goes into gas
<BR>
But sources said it is not a great evade, as there is no close up co-relation concerning L
further than their historical relation this year, ambitious by current highs on
<BR>
Naphtha prices, while LPG prices have hold-up the rise.

<BR>

The relation stuck between LPG and gasoline is still more far-flung than naphtha. But it is

<BR>
CFR Japan naphtha prices eased back late week to $690-695/MT as of Thursday, down fr
<BR><BR>
News Source : polymerbiz

2070 In Asia LPG traders turn to


5/5/2007
naphtha, gasoline alternative to evade.

Page 369
News

Khazar Oil Exploration and Production Company (KEPC) managing director Friday said B

Mohammad-Hossein Dana told PIN his company was negotiating with Petrobras to finaliz

<BR>

He scotched the rumors that the two sides were to finalize the contract on April 30. "The
<BR>

According to the contract, Dana added, Petrobras would be duty-bound to transfer the te

<BR>

"The value of contract is 450 million dollars and it is increasable by 10 billion dollars whe

<BR>

Based on the agreement, Petrobras would explore the two blocks and its executive opera

<BR>

Iran-Alborz is made by Iran Marine Industrial Co. (SADRA)," added Asghar Rafiei.

<BR>

The project will be completed in collaboration with the Chinese experts.

<BR><BR>

News source : Iran Press


2071 Brazil's Petrobras to develop
5/7/2007
Caspian oilfield

Page 370
News

World oil prices rose Friday on concerns about tight supplies amid a rash of kidnappings
<BR>
In London, the price of Brent North Sea crude for June delivery climbed 43 cents to 66.48

<BR>

New York's main oil futures contract, light sweet crude for delivery in June, rose 11 cents

<BR>

"The market is currently well supported by declining U.S. gasoline (petrol) stocks and ge

<BR>
Investors are monitoring the latest developments in Nigeria, Africa's biggest oil exporter

<BR>
Nigeria is the world's sixth-biggest oil exporter but its output is being severely hit by freq

<BR>
Meanwhile dealers said that U.S. gasoline stockpiles remained in focus ahead of the U.S.

<BR>
U.S. gasoline reserves fell 1.1 million barrels to 193.1 million last week and are down 34.

<BR>
Despite last week's smaller-than-expected drop, it was the 12th weekly decline in a row

<BR>

"In the short-term, the U.S. gasoline market will continue to underpin (prices)," said Victo
<BR>

The DOE added that American refineries ratcheted up their gasoline production last wee

<BR>

"There is some market expectation that U.S. refinery operating rates will increase and th

<BR>

He added that a U.S. government announcement Wednesday that it would halt buying cr

<BR>

Despite concerns over stockpiles, oil producers cartel OPEC on Wednesday said that it sa

<BR><BR>
News Source :AFP
2072 Oil prices ending week higher
5/7/2007

Page 371
News

Europe must secure liquefied natural gas (LNG) supplies from Iran if it wants to corrobora
<BR>
There are a lot of other producers in the Middle East, but all are more or less covered by

<BR>
E.ON Ruhrgas is a unit of E.ON AG.

<BR>
Iran enjoys 15% of proven recoverable gas reserves -- 2nd largest in the world, next only
<BR>

"There is a tight supply market for those who want to get LNG supply for 2010 onwards,"

<BR>

Pfaff further added that ensuring stable rapport between the producers of LNG and coun

<BR>

According to a report compiled by the industry research firm RNCOS -- European LNG Ma

<BR>

This research report on "European LNG Market Analysis" helps clients in analyzing the op

<BR><BR>

News source : Tehran Times


2073 Europe eyes Iran for LNG5/7/2007
supplies?

Page 372
News

Naphtha price in April extended its record-breaking streak in the Asian Region with the

<BR>
The Mean of Japan naphtha judgment, , which is the reference for all naphtha consignm
<BR>
This is the third time MOPJ has hit inventive lofty this month--the first was on April 13 wh

<BR>

Various market contestants said they were not amazed that prices had raised to fresh le

<BR>

few trader in Korea cited an inequity flanked by demand and supply as the initial driver f

<BR>
Taiwan's Formosa Petrochemicals has a new naphtha cracker at Mai Liao, the company's

<BR>
In South Korea, naphtha cracker operator YNCC expanded the capacity of its No. 1 unit t
<BR>
"In consequence, requirement has go up sharply while the supply side has continue the s

<BR>

Several buyer emerged to hold a dissimilar view although, proverb that requirements fro

<BR>

Formosa is only customary to consume about 60,000/MT of spot naphtha a month since

<BR>

Momentous, the plunge in Asian ethylene prices was likely to affix another drag on respo

<BR>

"We expect the naphtha cracks to deteriorate." The extend between the June naphtha ch
<BR>
Created: May 4, 2007

<BR>
<BR>
News AnalYsis : polymerbiz
2074 In Asia's naphtha prices smack
5/7/2007
current record up in April

Page 373
News

Tension in the Persian Gulf, which is the hub of world energy transport, will undermine se

<BR>

Minister of Petroleum Seyyed Kazem Vaziri-Hamaneh noted that in view of various aspec

<BR>

"Just in the same way that security of energy supply is important to consumer countries,

<BR>

Vaziri-Hamaneh added that Iran has also announced in the meeting that oil and gas indu

<BR>
Referring to other topics discussed in the second meeting of Asian ministers of oil and en

<BR>
"In view of the increasing growth of world energy demand in the coming decades, countr

<BR>

The minister said emphasis was also put on bilateral, multilateral, regional and internatio

<BR>

The second conference of oil and energy ministers of Asian countries was held in the Sau

<BR>
Japan will host the next conference. Riyadh conference was attended by energy minister

<BR>
The first edition was held in India in 2005.

<BR>
Oil and energy ministers of Asian countries meet within framework of International Energ

<BR><BR>

2075 Tension in Persian


News source
Gulf undermines
:5/8/2007
Pin energy supply security

Page 374
News

Crude-oil production in April by members of the Organization of Petroleum Exporting Cou

<BR>

Output increased to an average 30m bpd, according to the survey of oil companies, prod

<BR>

Production in March was revised to 29.5m bpd from 29.88m estimated last month.

<BR>

The 10 members of OPEC with production quotas, all except Angola and Iraq, raised outp

<BR>

The 10 countries, in an effort to bolster prices, pledged to trim a total of 1.7m bpd from p

<BR>

Higher output in Nigeria, the UAE, Angola, Algeria, and Qatar offset declines by other me

<BR><BR>

2076 OPEC output rosesource


News in April:
:5/8/2007
survey
BloomBerg

Page 375
News

Taiwan's biggest petrochemical company Formosa Petrochemical strategy to get going


feedstock into its third and newest naphtha cracker in Mai Liao on May 25, a source close
<BR>
The company officials expects Formosa to run the cracker, which was designed with an
<BR>

although, the companyPage


look 376
forward to attain full capacity at the unit swiftly in spite of c
<BR>
The SM and MEG plants are equipped. There is an responsibility to supply feedstock to th
<BR>
News

European, PVC demand did not stimulate to a great magnitude in the past three months

<BR>

Initial time this month, manufacturers in progress to announce their May PVC offers, as e

<BR>

Sellers are bottom their hikes on burly demand and low inventories. Some impending ma

<BR>

Players also emphasize that end requirement is performing well this month. Mainly conv

<BR>

Players in Italy also observed that there is import material on the way from countries suc

<BR><BR>
2078 PVC TradersNews
probable
Desk:to5/10/2007
consent insignificant climb in NW Europe
Polymerbiz

Page 377
News

India's crude oil import bill flying over 24 per cent to US$48.2 billion in 2006-07 on the b

<BR>

The country imported 11295 million tones of crude oil in 2006-07, which is 11.6 per cent

<BR>

In stipulations of rupee, crude oil imports cost Rs 2199.99 billion in FY'07 against Rs 171

<BR>

Oil product imports at 16.97 million tones for US $8.90 billion in 2006-07 were up 45.3pe

<BR>

Total imports (crude plus products) in 2006-07 were worth US $56.99 billion against US $

<BR>
Exports of petroleum products in the year was up 50 per cent to 32.39 million tonnes wo

<BR>

Officials said India's fuel demand grew 5.9 per cent to 119.84 million tonnes in 2006-07.

<BR>

During 2006-07, 11.64 million tonnes of diesel was exported for US $6.59 billion, 8.3 mill

<BR>

Major petroleum products imported included 1.96 million tonnes of LPG for US $1.09 billi

<BR>

Net oil import bill (total imports minimum exports) stood at US $39.34 billion in 2006-07

<BR><BR>

2079 India`s crude oil import


News 5/10/2007
bill
Source: jumps
Asia 24Pte
Pulse pctLtd.
to US$ 48.1 bln

Page 378
News

PP contracts for May are being settled with increases of €10-20/ton, in Europe At the sta

<BR>

In the meantime, various converters observed that they need material but find the recen

<BR>

Accordingly, these traders are appearance for optional sources amid firm supplies in the

<BR>

Central European source offered in the spot market have been a good substitute with rea

<BR>
A comparable condition is also experiential in the other counties of European PP markets

<BR><BR>

2080 European PP buyers


News Eye5/10/2007
Analysisalternative sources
: PolymerBiz
Eastman Chemical Corp strategy to expand its subject copolyester production to its man
<BR>
In Columbia site would then develop into the 2nd Eastman resource in North America co
<BR>
These funds support Eastman's long-term obligation to ourspecialty copolyester clients a
.<BR>

Copolyesters are utilize in a broad range ofpurpose together with rigid medical and elect
<BR><BR>
2081 Eastman develop
News Desk
specialty
:5/10/2007
Polymerbiz
copolyester capacities
Belgium's Solvay will close its 51,000 mt/year chloromethane unit at Bussi in Italy in thir

<Br>

The Bussi unit was mainly consecutively to produce chloroform but, it was implicit that t

<BR>

Solvay operates two other chloromethane units; one in Tavaux, France(also 50,000 mt/y

<BR>

Overall, demand for chloromethanes in Europe is declining, according to analyst forecast

<BR>

Separately, Solvay is running its 28,000 mt/year Rosignano plant at reduced rates throug
<BR>
<BR>

2082 Belgian Solvay


Newsto close
Source5/10/2007
Bussi,
: WWPItaly chloromethane plant mid-May

Page 379
News

Polycarbonate producers are feeling the squeeze from increasing feedstock bisphenol-A

<BR>
May discussions have kicked off but there is burly confrontation to price hikes from end-
<BR>
"CD-R (CD-Recordable) demand is feeble in Hong Kong and China. Stock levels are high

<BR>

proffer of optical-grade PC were heard at $2700-2730/tonne CIF Hong Kong/Taiwan but

<BR>

Demand for general purpose moulding PC was likewise lacklustre and producers and trad

<BR>
Players appear atmove some sales volumes from China to Europe and America," reporte

<BR>

Former producers mentioned higher business targets at $2780-2800/tonne CIF Hong Kon

<BR>
Producers, although, said that they feature sincreased strain to elevate prices as fresh fe

"Our profit margins are very thin," another Taiwanese producer reported.
<BR>
Spot BPA prices rose $30-50/tonne to $1930-1,980/tonne CFR northeast Asia last :week.

<BR><BR>

2083 Polycarbonate
News(PC) price
Desk :5/10/2007
up in asian markets
Polymerbiz
2084 Petrochemical
Theexports
managingto
5/10/2007
earn
director
Iran of
US$6
Iranbillion
Petrochemical Commercial Company (IPCC) reported that
2085 Solvay Advanced
SolvayPolymers
Advanced
5/10/2007
Launches
PolymersNewly
launches
Enhanced,
a full line
FullofLine
highoftemperature,
High- Temperature,
wear resistant
Wea. plasti
Polyester and nylon textured yarn manufacturer Unifi will close its recently acquired Dillo

"We continue to streamline our product mix and look to maximize our facility utilization r
<BR>
Unifi reported a net loss of $13.2 million for the third quarter ended March 25 2007, com
<BR>
Net sales from continuing operations, including the sales from the Dillon acquisition, wer
<BR>
Lowe said, "Volumes rebounded in the March quarter as expected, and our pre-tax incom
<BR><BR>
2086 USA - Unifi to
News
close
Source:
plant,
5/11/2007
Reed
reports
Business
loss Information

Page 380
News

China Petroleum & Chemical Corp (Sinopec) said it will issue 5 bln yuan worth of 10-year

<BR>

According to a statement published on the official China Securities Journal, Sinopec said

<BR>

The plants need total investment of 53.7 bln yuan. China International Capital Corp Ltd (

<BR><BR>

News Source: AFX News Ltd


2087 China`s Sinopec to issue
5/11/2007
5 billion yuan worth of 10-yr bonds
Japan has almost reached a capacity of 15 M tonnes/y for aromatics benzene, toluene an

<BR>

Facility expansion was primarily noted in 2006 in the benzene sector. Idemitsu Kosan's 2

<BR><BR>

News Source: Japan Chemical Week


2088 Japan`s production capacity
5/11/2007
for BTX nudging 15 M tonnes/y.

Page 381
News

Saudi Kayan Petrochemical has increased $8.5/billions through an preliminary public of

<BR>

"The IPO was over pledge ,4.7 times and raised about SR 32/bn," said financial officer of

<BR>

Saudi Kayan, in which SABIC has a 35% stake, received endorsement last month from t

<BR>

Saudi Kayan is to develop a 1.4/millions/ tonne/year ethane-butane mixed feed cracker i


<BR>

The complex will annually produce 110,000 tonnes, of ethanolamines, 60,000 tonnes of

<BR>
There will also be a 250,000 tonne/year bisphenol A (BPA) unit and a 270,000 tonne/yea

<BR>
The phenol plant will receive 110,000 tonnes/year of propylene feedstock from the crack

<BR>

The remaining 460,000 tonnes/year of propylene will feed a 360,000-460,000 tonne/yea


<BR>

The complex will also include a 550,000 tonne/year monoethylene glycol (MEG) plant.

<BR><BR>
News Desk :polymerbiz
2089 Kayan petrochemical inflates
5/11/2007
$8.5 Billoins
Thai authorities have approved several plans by PTT Chemical and Siam Cement Group (

<BR>
The SCC projects are at subsidiary Thai Polyethylene and comprise a Baht 8.6 bn. 440,00

<BR><BR>

News Source: Chemical Business


2090 Thailand approves stalled
5/14/2007
projects.

Page 382
News

China National Petroleum Corp., the parent company of PetroChina Co., signed a deal Su

<BR>

The ethylene plant will be built in Yan'an city, Shaanxi province, and will be controlled by

<BR>

Ethylene, derived from petroleum, is used mostly to make plastics and petrochemical fib

<BR><BR>

News Source: MarketWatch


2091 CNPC signs deal for NW5/14/2007
China ethylene project

Page 383
News

Jam Petrochemical Company's olefin unit, the largest in the world, would become operat

<BR>

Hassan Beigi added the olefin unit would meet the feedstock of other units of the compa

<BR>

He said other units of the company had experienced pilot production process and were u

<BR>

Olefin 10 is one of the most lucrative projects of the petrochemical industry, which aims

<BR>

Of products, less than 10 percent is used by domestic industries and the remaining is ex

<BR>

The contract on the tendered Olefin 12 of Assaluyeh would be finalized within the next fo
<BR>

Mohammad Khayyat talking to PIN blamed lack of the necessary technology for the dela

<BR>

Elaborating on other projects of the company, he said the tender documents of two Assa

<BR>

According to him, the three tenders of the private sector's Golestan, Zanjan, and Lordeg

<BR>

Khayyat, who is also the head of company's board of directors, said two one million ton e

<BR>

"The company also put the Assaluyeh centralized reserves plan to the tender in a bid to

<BR>

The NPC Managing Director Gholam-Hossein Nejabat had already announced that China

<BR>

He said the Iranian and Chinese officials held new round of negotiations, whose main top
2092 World`s largest
<BR><BR>
olefin unit
5/14/2007
to be on stream in S. Iran by March

Page 384
News

In efforts to stabilize prices, US propylene buyers have launched an attack on the typical

<BR>

Contract prices for PGP have also been volatile. Other propylene players involved in the

<BR><BR>
News Source: Chemical Business
2093 USA - Propylene buyers 5/14/2007
seek stable prices.
2094 Eastern Petrochemical
Sharq will venture
to
5/14/2007
launch
in anew
newethylene
ethyleneproject
project in Saudi Arabia. This is a joint venture betwe
Saudi Arabian Oil company ARAMCO and Dow Chemical Company entered into a major d
2095 Dow and Saudi Aramco 5/14/2007
to Build Integrated Plastics and Chemicals Plant in Saudi Arabia
Taiwan's Formosa Petrochemical has begun downstream operations. The downstream pl

<BR><BR>
News Source :PB

2096 Formosa starts up downstream


5/14/2007
plant before cracker launch
Mitsubishi Chemical Corporation will establish an olefins conversion unit (OCU) at its Kas

<BR><BR>

News Source : WP
2097 Mitsubishi to increase propylene
5/14/2007capacity
China National Petroleum Corporation signed a deal with Shaanxi provincial government

<BR><BR>
News Source : PM
2098 CNPC signs deal for NW5/14/2007
China ethylene project
China National Petroleum Corporation signed a deal with Shaanxi provincial government

<BR><BR>
News Source : PM
2099 CNPC signs deal for NW5/14/2007
China ethylene project

Page 385
News

In United states acrylonitrile market streamed to record up this week, Prices indicated u

<BR>
Preceding highs were at $1620-1640/mT FOB USG for export last week and 71-74 cents/
<BR>
some producer reported doing contracts in last week at $650/MT and $1660/MT FOB USG
<BR>

In Asia, some sources said that the US was shunning the region because the European m
<BR>

Sources said that Dupont's unit at Beaumont, Texas, was down, but it
could not be confirmed by press time. In other production news, Cytec Industries' Fortier
<BR>
Asia and Europe also broke new records. Asian prices hit $1,690/mt CFR Far East and So
<BR><BR>
News Source :WwP
2100 US acrylonitrile export, 5/14/2007
domestic prices hit record highs

Page 386
News

Dramatic changes have occurred and will continue to occur in global ethylene markets d

<BR>
But the geography of the ethylene supply base is shifting. Because of their proximity to c

<BR>

According to Mark Eramo, CMAI's president of olefins and derivatives, at the end of 2006

<BR>

By 2012 ethylene production capacity in the Middle East will equal that of North America

<BR>

The world's largest ethylene producers in descending order are Equistar Chemicals, Exxo

<BR>

In the U.S., 60% of total ethylene production capacity comes from liquefied natural gas (

<BR>

Eramo says over-supply could hit the ethylene market by 2010. Another issue from a U.S

<BR>

This could make light feedstock cracking on the U.S. Gulf Coast very competitive vs. hea

<BR>

So while global ethylene production will increase substantially, even with flat production

<BR>
The biggest factor that may dictate where supply comes from may be feedstock costs. In

<BR>

Prem Cholia, group manager of petrochemicals for Jacobs Engineering Group in Pasaden

<BR>

Eramo forecasts no growth in U.S. ethylene consumption between now and 2011. Over t

<BR>
Eramo reports that first quarter U.S. average capacity utilization is about 86% of namepl

<BR>

Eramo estimates 2007 ethylene prices to average 41.5¢/lb. He forecasts 2007 ethylene

<BR>

U.S. margins on the merchant spot market were 13¢/lb according to Eramo. He forecas

Page 387
<BR><BR>
News Source: Reed Business Information
2101 Global ethylene supply markets
5/14/2007
shifting to new geographies
News

Insufficient propylene feedstock compelled Dalian Petrochemical, a subsidiary of PetroCh

<BR>

The PP unit is scheduled to recommence operations by the end of Apr 2007. Propylene is

<BR><BR>

News Source: Chemical Business


2102 China PP line closes on feedstock
5/14/2007shortage.
Insufficient propylene feedstock compelled Dalian Petrochemical, a subsidiary of PetroCh

<BR>

The PP unit is scheduled to recommence operations by the end of Apr 2007. Propylene is

<BR><BR>

News Source: Chemical Business


2103 China PP line closes on feedstock
5/14/2007shortage.
Omsk Refinery of Russia will increase the capacity of its paraxylene facility from 165,000

<BR>

The project is scheduled for early 2008 completion.

<BR><BR>
News Source: Chemical Business (India)
2104 Russia - Omsk to raise PX.
5/14/2007
Ube Industries says it will build a 50,000-m.t./year nylon-6 resins plant at its Ube Nylon (

<BR>

Ube also has 60,000 m.t./year of nylon-6 capacity at Ube, Japan and 20,000 m.t./year at

<BR><BR>

News Source: Access Intelligence


2105 Ube builds large Nylon-65/14/2007
resins plant in Thailand
Eastman Chemical says it has completed the sale of polyethylene terephthalate (PET) as

<BR>
"This transaction is a major step forward as we implement our strategy to improve the o

<BR><BR>

News Source: Access Intelligence


2106 Spain - La Seda completes
5/14/2007
purchase of Eastman`s PET unit

Page 388
News

Asian,PE maker ongoing to terminate their May PE contracts to China with boosts. They

<BR>

Regular LDPE suppliers to China, like the Middle East and Malaysia, elevated their prices

<BR>
Concerning HDPE film sales, some contracts started to be done at $1290-1310/ton CFR C

<BR>

Similarly, LLDPE offers are higher with deals finished at $1290-1300/ton CFR China, cash

<BR>

Chinese producers have been sustaining their offers since they returned from the holida

<BR>

Now, Chinese players are watching the moves of domestic producers, as they will be a d
2107 Asian PE improve
<BR><BR>
China's
5/14/2007
market perk up?
Asian styrene prices rose to $1360-1364/ton FOB Korea, defeat a record elevated for this
<BR>

Similar with these expansion, Chinese producers raised their PS prices by RMB150-250/t

<BR>

NOW, sources emerge persuaded that purchaser will start to refill their stocks in the nea

<BR>

In the meantime, Asian manufacturers have not formally announced their new prices sin

<BR>
Meanwhile, various traders elevated their offers, culpability the higher costs. GPPS offers

<BR>

Appear at the purchaser' side, the growing inclination in the PS market can also be seen

<BR><BR>

2108 Ps price hikes


Newsin china
Source5/14/2007
: Polymerbiz

Page 389
News

But PlasticsEurope says producer margins remain under pressure.


<BR>
14 May 2007 – During its annual members meeting last week, the German plastics produ
<BR>
Production volumes rose by 2.7% to a record 18.5m tonnes, but the organisation warned
<BR>
With the plastics materials price index up 4.3%, it has not been possible to pass on the f
<BR>
All the main industries consuming plastics had positive growth, namely packaging, autom
<BR>
But strong domestic growth caused the foreign trade surplus to worsen, as it declined 11
<BR>
2007 has started well and is expected to end with both turnover up by 3-3.5% and produ
<BR>
Hilken referred to the present discussion on energy saving and climate protection and th
<BR>
There was heavy criticism by Hilken of the Reach chemical legislation. "It binds capital a
<BR><BR>
2109 German plastics
Newsproducers
source5/15/2007
enjoy turnover increase
: PRW
Globally Ethylene prices have been following differing tracks in Europe and Asia. In April

<BR>
European market ethylene for May shipment lost minced by €30-35/ton in the last week

<BR>

Disparate to Europe, the Asian ethylene market features stiffness amidst various cracker

<BR>

Smudge ethylene prices on CFR NEA basis also go up, but not as much as on FOB Korea

<BR>
However traders are enthusiastically penetrating for consignments, they are also being w

<BR>

Meanwhile, Southeast Asian ethylene prices were at $1200-1230/ton on CFR SEA basis, i
<BR><BR>

2110 Ethylene move


Newsup
Analysis
in Asia,
5/15/2007
:polymerbiz
down fall in Europe

Page 390
News

Qatar Petrochemical Company (QAPCO) has announced it officially opened its regional w

<BR>

This is in addition to the liaison office, which was opened in Cairo in 2002 by HE Abdullah
<BR>

Mohd Jassim Al-Na'ama, Public Relations Manager, , Mr. Naji Johar, Assistant Marketing M

<BR>

Such a step would help us better understand the requirements of the Egyptian market, g
2111 QAPCO opens regional warehouse
5/15/2007 in Egypt
China National Petroleum Corp, the country's largest oil and gas producer, has signed an

CNPC, the parent of PetroChina Co Ltd (HK 0857), would hold controlling stake in the pla

It did not provide details about investment levels and operating timetables.

A provincial official announced the plan in March and said a local government-owned oil

<BR><BR>
News Source :Xinhua Financial Network News
2112 China's CNPC signs ethylene
5/15/2007
project agreement with Shaanxi govt - report
China's oil and petrochemical equipment industry reported an export delivery of 10.089
<BR>
This shows that the industry's "going out" strategy to explore overseas market is showin
<BR>
Customs statistics reveal that China's import and export of oil and petrochemical equipm
<BR>
Of total export, export of oil drilling equipment was worth US$4.277 billion, accounting fo
<BR>
By variety, the export of complete sets of oil/natural gas driller was US$815 million; that
<BR>
Of total import, import of oil drilling equipment was worth US$515 million, accounting for
<BR>
Zhao warned export enterprises to timely adjust the structure of export products accord
<BR>
According to official statistics, the sales output value of the industry fulfilled was 72.333

<BR><BR>
News Source : Asia Pulse (XIC)

2113 CHINA'S PETROCHEMICAL


5/15/2007
EQUIPMENT INDUSTRY EXPANDS OVERSEAS MARKET

Page 391
News

Dow Chemical shuttered its 1 M tonne/y No 8 cracker in Texas, USA, on 1 May 2007 afte

<BR>

The fire also momentarily interrupted operations at the 614,000 tonne/y No 7 olefins uni

<BR><BR>

News Source: Chemical Business (India)


2114 USA - Fire shuts down plant.
5/15/2007
Rhodia intends to boost phenol and acetone capacities by 25% and raise cyclohexanol ca

<BR>
Rhodia also has plans to build up its nylon intermediates business in China. It intends to

<BR>
An adipontrile facility in Asia is also being explored by the company. Sales of Rhodia's ny
<BR><BR>

News Source: Chemical Week


2115 Rhodia plans nylon intermediates
5/15/2007 boost in Brazil; forms silicates jv in China.
Polyef, a jv between Russian companies Sibur and Lukoil-Neftekhim, will get an additiona

<Br>
While construction of the complex's PTA plant has already been finished, the PET facility

<Br><Br>
News Source: Chemical Week
2116 Russia - Sibur and Lukoil5/15/2007
invest further in polyef jv.
Formosa Plastics anticipates meeting the May 2007 startup date it has set for its 1.2 M to
<BR>

The plant will use naphtha as raw material and is slated to have its initial output in Jun 2

<BR><BR>

News Source: Chemical Week


2117 Taiwan - Formosa cracker
5/15/2007
to start up in May 2007.
SK Corp, based in Seoul, South Korea, is looking into partnering with Sinopec in a naphth

<Br>
SK is one of the major oil refiners in Asia with an overall production of 1.15 M bbls/day. T

<Br><Br>

News Source: Chemical Week


2118 SK Corp eyes petrochemical
5/15/2007
jv in China with Sinopec.

Page 392
News

Total Petrochemicals is likely to participate in a third olefins project in Qatar, says compa
<BR>

ExxonMobil Chemical, jointly with QP, is next in line to build a cracker complex at Ras La

<BR><BR>

News Source: Chemweek Business Daily


2119 Total eyes a third cracker
5/15/2007
project in Qatar

Page 393