BASF granted award for contribution to green concept car

(PlastEurope) -- BASF has been presented with the ⌠OkoGlobe international environmental award for its energy-efficient automotive solutions incorporated in the ⌠i-flow concept car project. The award, sponsored by the University of Duisburg-Essen and championed by automotive expert Ferdinand Dudenhoffer, is issued for groundbreaking concepts, innovations, products and production processes in the area of mobility. BASF took the 2010 third prize in the supplier innovations category for its contributions to the i-flow concept car, designed in cooperation with Korean carmaker Hyundai and unveiled at the International Geneva Motor Show in March 2010.

BASF's CEO in Russia and CIS Sergey Andreev is going to chair "Russian Petrochemical Summit - 2010" international conference organized by ICIS and MRC. For more information please refer to http://www.polymersummit.ru/ Summit official web page.

MRC

(PlastEurope) -- Ashland Distribution, will continue to distribute ⌠Xantar polycarbonate in Europe for the new owner of the business, Mitsubishi. In June, DSM swapped its PC activities for the Japanese group's polyamide production. Ashland has had long and successful ties to both companies, explained Gianpaolo Armando, director of the European subsidiary of Ashland Inc. He said his company is ⌠working closely with the Japanese group during the transition period to assure deliveries of existing and new orders.

MRC

(IRIS) -- A fire that broke out on September 11 during a routine maintenance operation at GAIL`s petrochemical plant at Pata was soon brought under control.

The fire broke out in the Crude Hexane Reboiler of High Density Polyethylene (HDPE) Plant Unit 1 at petrochemical complex at Pata, District Auraiya (U.P.) around 3:20 p.m on September 11. Only minimum men and material were at the site of the incident as it was a holiday on September 11.

While the fire was brought under control within an hour of occurrence of the incident, unfortunately one engineer succumbed to the injuries and two persons sustained minor burn injuries. The injured have been sent to Kanpur for treatment after first aid was provided to them at Pata.

MRC

DALLAS (BusinessWire) -- Celanese Corporation, a leading global technology and specialty materials company and global leader in emulsion polymers, announced today that it will increase the price of all emulsions sold globally, according to the table below, effective October 1, 2010, or as contracts allow.

These price increases include all emulsions and affect applications including, but not limited to, adhesives, paint and coatings, nonwovens, glass fiber, carpet and textiles.

MRC

NEW DELHI (WSJ) -- Indian Oil Corp. plans to use the proceeds of its follow-on public offering to revive shelved petrochemical and liquefied natural gas projects, the state-run refiner's chairman Brij Mohan Bansal said.

India's largest listed company by sales is planning a follow-on public offering by January, through which it will sell fresh shares equivalent to 10% of its equity to raise about 100 billion rupees ($2.16 billion.).

The state-run refiner, which accounts for 28% of India's installed refining capacity of 3.76 million barrels a day, had to put some projects

MRC