Ukraine to introduce fuel import duties if Ukrainian oil refineries improve fuel quality

(Interfax) -- Fuel imports duties will be introduced only when Ukrainian oil refineries considerably improve the quality of the fuel they produce, First Deputy Economic Development and Trade Minister Vadym Kopylov said at a press conference in Kyiv on Wednesday. He said that the ministry had proposed that Ukrainian oil refineries draw up a program on their upgrading to produce high-quality petrol.


"The Economic Development and Trade Ministry has proposed that oil refinery think up and draft a program on the upgrade of refineries to produce the required amount of high-quality petrol for our cars. We're ready to draw up and send the document on the introduction of the duty at once," Kopylov said.


He added that if the program is drawn up, the government is ready to announce the introduction of duties on imports of petrol to stimulate the upgrade of Ukrainian oil refineries. "Today the refineries are mulling the proposal," Kopylov added.


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Interim Containment System launched by Marine Well Containment Company

(BUSINESS WIRE) -- The Marine Well Containment Company announced the completion and availability of an initial well containment response system that will provide rapid containment response capabilities in the event of a potential future underwater well control incident in the deepwater Gulf of Mexico.


The initial response system includes a subsea capping stack with the ability to shut in oil flow or to flow the oil via flexible pipes and risers to surface vessels. The system also includes subsea dispersant injection equipment, manifolds and, through mutual aid among members, capture vessels to provide surface processing and storage.


ExxonMobil, in partnership with Chevron, ConocoPhillips and Shell, continues to lead the development of additional system components to expand the initial system's capabilities, with completion of the expanded system set for 2012.


The interim system can operate in water depths up to 8,000 feet and has storage and processing capacity for up to 60,000 barrels per day of liquids. The capping stack has a maximum operating pressure of 15,000 pounds per square inch. The equipment is located on the U.S. Gulf Coast.


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Iranian president inaugurated 8 petrochemical projects in Mahshahr

(Zawya) -- President of Iran Mahmoud Ahmadinejad inaugurated eight major projects in Special Economic Petrochemical Zone. One of the projects is Amir Kabir Light Petrochemical Polyethylene worth $310 million with a production capacity of 300,000 tons a year.


The project was completed at a time when foreign companies such as Seimens of Germany stopped cooperation in the project under the pretext of the sanctions imposed on Iran by the US and EU.


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India's first International conference on sustainable and green development

(Plastemart) -- A majority of trends witnessed by the global plastics industry in the recent past are focused towards sustainability and green development. These trends are slowly but surely shifting their focus towards economic benefits as well. The recent past has witnessed growing investment in environmentally sustainable technologies, along with increased interest from polymer manufacturers in biodegradable polymers and biopolymers.


These trends have led INK Business Media to conceptualize a unique endeavor titled PlastAvenues Summit 2011' with a focus on Green & Sustainable Development of Plastics' to be held in Mumbai.


With green initiatives aiming at strengthening their foothold in the mainstream plastics industry, PlastAvenues Summit 2011 brings together the industry's movers and shakers from leading manufacturers, brand owners, end users, innovators and policy makers under one roof.


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Zimmer's Longevity Highly Crosslinked Polyethylene demonstrated clinical success

(PRNewswire) -- Zimmer Holdings, Inc., a leader in musculoskeletal care, announced that results of an independent study presented at the 2011 American Academy of Orthopaedic Surgeons (AAOS) annual meeting demonstrated long-term clinical success for Longevity Highly Crosslinked Polyethylene.


Radiographic results presented in the study indicate very low wear in vivo with no signs of change over time and no signs of periprosthetic osteolysis in the patient cohort.


Zimmer's Longevity Highly Crosslinked Polyethylene is formulated specifically to resist wear under the conditions found in hips and represents a significant scientific advancement in wear reduction. In wear and damage mechanism studies, Longevity Highly Crosslinked Polyethylene consistently resisted oxidation and delamination, thereby decreasing surface wear and subsurface fatigue that can lead to delamination or pitting.


"The results of this study are encouraging and reinforce clinical experience with our Longevity Highly Crosslinked Polyethylene products," said Jeff McCaulley, President, Zimmer Reconstructive. "Today's total hip replacement candidates lead more demanding lives. Due to its reduced wear properties and improved delamination resistance, Longevity Highly Crosslinked Polyethylene represents a clinically-successful solution for these patients."


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