In Europe buyers unwilling to acknowledge the US caustic soda price hikes


(chemmonitor) -- The US-based company Dow Chemical plans to escalate its contract price for caustic soda for Q2 in the European market by EUR 40 (USD 53) per dry metric tonne (dmt). The future hike in the contract values resulted from stable consumption of caustic soda in the northwest Europe and several turnarounds of the units.

Some companies consider the situation in the European market as balanced, while consumers of caustic soda are not apt to accept price surges because the supply increased in line with declined consumption.


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Brenntag 2011 earnings soared, growth seen in 2012

(marketwatch) -- German chemicals distributor Brenntag AG said Tuesday sales and earnings soared in 2011, primarily due to higher prices and volumes, as well as acquisitions, and the company projected growth in all relevant segments for 2012.

After-tax profit rose to EUR279.3 million in 2011, up 91% from a year earlier, with EUR277.4 million attributable to shareholders. In 2011, earnings per share jumped 84% to EUR5.39 versus EUR2.93 per share a year earlier. Revenue for the year was EUR8.68 billion, well over EUR7.65 billion a year earlier.

Despite a slowing global economy, industry trends indicate growth in all relevant segments in 2012.
"Brenntag is supported by its highly diversified business model, allowing for growth in various regions of the world," chief executive Steven Holland said in the release.

Brenntag is the global market leader in full-line chemical distribution. Linking chemical manufacturers and chemical users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to more than 160,000 customers. The value-added services include just-in-time delivery, product mixing, formulation, repackaging, inventory management, drum return handling as well as extensive technical support. Headquartered in Mulheim an der Ruhr, Germany, the company operates a global network with more than 400 locations in 68 countries.



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Sichuan Petrochemical project is nearing completion

(news.szenergy.biz) -- Once concern Sichuan Petrochemical project is nearing completion. Recently, more than a staff of China PetroChina Sichuan Petrochemical Co., Ltd. told this reporter, 'can be put into operation by the end of 2012.'


Sichuan Petrochemical project known as the customary 'Pengzhou petrochemical, mainly composed of 800,000 tons / year of ethylene, 10 million tons / year oil refining refining integration project, located in Sichuan Petrochemical Base, located in Pengzhou city northwest martial music town of Long Fengzhen between urban linear distance of about 5 km .1 18, this reporter to travel to, not yet close to the base, we can see distant steel construction is stretching groups a few chimney stands tall, especially eye-catching'.

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Super Resin set up its carbon fiber factory in Ningbo

(jeccomposites) -- Japanese Carbon Fiber Company Super Resin Inc. has formally entered into China beginning of the month.

This company is a joint venture registered in Wang Chun (Spring Sight) Industrial Park, Ningbo between Super Resin and the Chinese Shanshan Group with a registered capital of 20 million RMB in which Super Resin hold 80% shares while Shanshan holds the remaining of 20%, all investments are in cash.


This company is renting a plant from Shanshan Group, and will invest a total of 40 million RMB in the purchasing of equipments, the JV agreement covers a period of 15 years with the business scope of the following four areas: carbon or glass fiber reinforced plastic resins and related products research and development, manufacturing and sales, functional composite materials used in medical industry and related products research and development manufacturing and sales.


The Joint Venture board are consist of five directors from Super Resin and Shanshan, Super Resin is in charge of daily operation, and Shanshan takes the responsibility to provide assistance in the market development in China, internal management, and coordination with local Government. The factory floor reinforcement and plant internal transformation has completed, and formal operation started. The targeted industries include Machinery, Medical equipment presently, as well as electric automobile frames, airplane parts, cell notepad boxes. It is expected to reach a sales of 130 million RMB by 2015 with an accumulated profit of 23 million RMB.

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Honeywell opens India downstream technology hub

(hydrocarbonprocessing) -- Honeywell has opened a new technology center in India, expanding its technology development capabilities in areas such as refining, petrochemical, low-global-warming and nylon technologies and applications. Honeywell invested USD34 million in the 8,830-square-meter (95,000-square-foot) center.

Honeywell has opened a new technology center in India, the company said on Friday, further expanding its technology development capabilities in areas such as refining, petrochemical, low-global-warming and nylon technologies and applications.

The facility in Gurgaon, India, features pilot plants for developing and demonstrating refining and petrochemical process technology by UOP, part of Honeywell's performance materials and technologies (PMT) strategic business group, the company said.

The center will also perform other product and application development for PMT, including fluorine and nylon technologies.

Honeywell invested USD34 million in the 8,830-square-meter (95,000-square-foot) center.

⌠This new facility will allow Honeywell to put its vast resources to work in collaboration with some of the brightest engineering minds in India, said Rajeev Gautam, CEO of Honeywell?s UOP, who officially opened the center at a ceremony attended by Shri Jaipal Reddy, India's Minister of Petroleum & Natural Gas, and other dignitaries.

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