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Ineos Planning to Sell U.S. Assets?
Ineos declined to comment on reports in the U.K. press that the company is considering plans to sell some of its assets to reduce debt. The report in yesterday's Sunday Telegraph, quoting sources "familiar with its plans," says that Ineos "is...

ACCs's Economic Outlook for the Week Ended October 10, 2008
Our running tab of positive indicators remains at six out of 20 this week. As a result, we continue to post a red banner....


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Americas

DOE Awards Novozymes $12.3 Million for Bioethanol R&D
  The U.S. Department of Energy (DOE) has awarded Novozymes $12.3 million to fund an R&D project to increase the efficiency of enzymes for converting waste biomass to bioethanol. The project, named the Development of a Commercial-Ready Enzyme...


Europe

Technip Awarded Ethylene Plant Expansion Contract in Russia
Technip says it has been awarded a contract by Sibur Neftekhim (Moscow) for a previously announced expansion of Sibur's ethylene plant at Kstovo, Russia. The €45 million ($62.1...


Asia/Pacific

BASF Builds PU Car Components Plant in Shanghai
BASF says it will set up a new production and development facility at Shanghai for its Cellasto polyurethane (PU) based car components by early 2010. The move will allow BASF to create a base for close-to-the customer supplies for the...


New from Chemical Week and SRI Consulting

Click here for the latest news and innovations relating to sustainability and the chemical industry from the editors of Chemical Week and the team at SRI Consulting.
CW's Asia Chemical Prices for the Week Ended October 7, 2008
Forward naphtha prices drag down benzene and toluene and across Asia...


New from the GPCA and Chemical Week ... news and information about the Gulf and the upcoming GPCA Forum



Mideast/Africa

Safco's Profits More Than Double
Mohamed Al-Mady, CEO of Sabic and chairman and managing director of the Saudi Arabian Fertilizers Co. (Safco) says Safco's net profits for the first nine months rose to SR3.744 billion ($998.4...


Viewpoint

Crunch Time
Chemical makers have just closed out a challenging quarter with a very tough week. Shares in the CW75 index slipped 21% during the quarter and 9% for the week ended September 30. Fertilizer stocks, some of which soared tenfold during the past two years, are...




 
 
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