FROM SCRATCH NEWSWIRE

SCAVENGING THE INTERNET

Archive for the ‘CHEMICALS (processed components)’ Category

EXPORTERS MAY GET MORE SOPS (India)

Posted by Gilmour Poincaree on January 21, 2009

22 Jan 2009, 0253 hrs IST

ET Bureau

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

Advertisements

Posted in CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDIA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PRECIOUS STONES, RECESSION, TEXTILE INDUSTRIES | Leave a Comment »

ROHM & HAAS CUTS 900 JOBS, TAKES $90M IN CHARGES (USA)

Posted by Gilmour Poincaree on January 21, 2009

Jan 20, 2009 8:24 PM

Associated Press

PUBLISHED BY ‘THE EXAMINER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE EXAMINER’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, UNEMPLOYMENT, USA | Leave a Comment »

FRESH EVIDENCE OF ISRAELI PHOSPHORUS USE IN GAZA EMERGES

Posted by Gilmour Poincaree on January 17, 2009

Saturday 17 January 2009 00.18 GMT

by Richard Norton-Taylor

PUBLISHED BY ‘THE GUARDIAN’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE GUARDIAN’ (UK)

Posted in BANKING SYSTEM - USA, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, CRIMINAL FOREIGN POLICIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, FOREIGN POLICIES - USA, HATE MONGERING AND BIGOTRY, HOUSING CRISIS - USA, HUMAN RIGHTS, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, INTERNATIONAL RELATIONS, ISRAEL, MILITARY CONTRACTS, PALESTINE, RECESSION, STATE TERRORISM, THE ARMS INDUSTRY, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE UNITED NATIONS, USA, WAR CRIMES, WARS AND ARMED CONFLICTS, WEAPONS | Leave a Comment »

RBS REVEALS $3.5BN LOANS TO BANKRUPT U.S. CHEMICALS FIRM – EXPOSURE INCLUDES $1.6BN OF LOWER-RANKED DEBT THAT COULD BE WORTHLESS

Posted by Gilmour Poincaree on January 13, 2009

Tuesday, 13 January 2009

by Sean Farrell – Financial Editor – Bloomberg

PUBLISHED BY ‘THE INDEPENDENT’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INDEPENDENT’ (UK)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CENTRAL BANKS, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, DEPRESSION, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FINANCIAL SERVICES INDUSTRIES, FRAUD, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, UNITED KINGDOM, USA | Leave a Comment »

CURTIN UNIVERSITY MISLED ABOUT ADHD DRUG – THE ETHICS COMMITTEE OF AN AUSTRALIAN UNIVERSITY GAVE THE GREEN LIGHT TO A STUDY INVOLVING A TRIAL OF A NEW ADHD DRUG AFTER BEING WRONGLY TOLD BY A RESEARCHER THAT THE US FOOD AND DRUG ADMINISTRATION HAD DROPPED A “BLACK BOX” WARNING THAT THE DRUG BROUGHT AN INCREASED RISK OF SUICIDAL THOUGHTS (AUSTRALIA)

Posted by Gilmour Poincaree on January 10, 2009

January 10, 2009

by Julie-Anne Davies – The Australian

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in AUSTRALIA, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FRAUD, HEALTH SAFETY, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JUDICIARY SYSTEMS, PHARMACAL INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »

AIR PRODUCTS, PARTNER BUILDING JAPANESE PLANT

Posted by Gilmour Poincaree on January 8, 2009

January 7, 2009

Associated Press

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL, JAPAN, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, USA | Leave a Comment »

DOW MAY DELAY ROHM AND HAAS DEAL TO RAISE NEW CASH: FT REPORT (USA)

Posted by Gilmour Poincaree on January 8, 2009

Wednesday, January 7, 2009

by Joseph N. DiStefano

PUBLISHED BY ‘PHILLY.COM’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘PHILLY.COM’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENERGY INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN POLICIES, FOREIGN POLICIES - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL, INTERNATIONAL RELATIONS, JUDICIARY SYSTEMS, KUWAIT, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, USA | Leave a Comment »

BIODELIVERY SCIENCES EXPANDS PARTNERSHIP (USA)

Posted by Gilmour Poincaree on January 7, 2009

Tue, Jan. 06, 2009 12:30AM

by Sabine Vollmer – Staff Writer

PUBLISHED BY ‘THE NEWS OBSERVER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS OBSERVER’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, RECESSION, STOCK MARKETS, SWEDEN, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, USA | Leave a Comment »

PRO-PHARMACEUTICALS ISSUES DOWNBEAT UPDATE (USA)

Posted by Gilmour Poincaree on January 2, 2009

December 31, 2008 12:24 PM

From the Boston Globe Business Team

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, UNEMPLOYMENT, USA | Leave a Comment »

LOTS OF NEGATIVES IN COLLAPSE OF DOW DEAL

Posted by Gilmour Poincaree on December 30, 2008

Tuesday, December 30, 2008

Jonathan Ratner – Financial Post

PUBLISHED BY ‘THE NATIONAL POST’ (Canada)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NATIONAL POST’ (Canada)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CHEMICALS (crude components), CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, KUWAIT, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, USA | Leave a Comment »

INDONESIA SAYS CHEVRON MAY INVEST $3 BILLION THERE

Posted by Gilmour Poincaree on December 27, 2008

Dec. 26, 2008, 6:05AM

Bloomberg News

PUBLISHED BY ‘THE HOUSTON CHRONICLE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE HOUSTON CHRONICLE’ (USA)

Posted in CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GASOLINE, INDONESIA, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, NATURAL GAS, PETROL, RECESSION, REFINERIES - PETROL/BIOFUELS, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, TRANSPORT INDUSTRIES, USA | Leave a Comment »

CONCRETE MASONERS PUT THEIR CASE (South Africa)

Posted by Gilmour Poincaree on December 13, 2008

11 Dec 2008

PUBLISHED BY ‘THE BUSINESS NEWS’ (South Africa)

THE claims regarding environmental issues relating to products and services are often misleading because the subject is a complex matter that is fraught with misinformation and half truths. The claims often only select snippets of information, and the attributes often have no real impact on the environmental issues at large, says Bob Low of Inca, talking on behalf of concrete masoners.

It is therefore key to any discussion relating to environmental issues, to ask the right questions, namely:

– What environmental issues are being addressed? (e.g. global warming, energy, biodiversity, water scarcity etc).

– Are the claims material to environmental issues at large?

– Is the entire ‘cradle to grave’ life cycle (i.e. manufacturing, operational life and end of life) taken into account?

The main concern with environmental issues today relate to global warming, which is directly proportional to the amount of carbon dioxide emitted into the atmosphere. Over 90% of CO2emissions in South Africa are produced in the burning of fossil fuels to produce energy. It is therefore safe to assume that the energy employed during the entire life cycle of the product has a direct impact on global warming issues.

It is estimated that South Africa produces 3.5 billion bricks per annum which equates to 1.6 million tons of CO2 per annum. To put this into context, brick production has the equivalent global warming contribution as the annual emissions from 360 000 average sized sedan cars.

Bricks also constitute approximately 30-60% of a buildings total embodied energy. The global warming effect from masonry products is therefore substantial and material to the environmental issues at large.

One has to analyse the carbon footprint of masonry holistically. The energy employed in the manufacturing of the product (i.e. embodied energy), the energy efficiency of a building built with different masonry materials (i.e. operational energy), and the energy savings resulting from recycling all have be taken into account, before a fair judgment can be made about a products complete environmental impact, Low says.

Embodied energy refers to the amount of energy required to produce the product. Clay and concrete bricks (also called cement bricks in the industry) both employ energy intensive processes. The main contributor of the carbon footprint in clay bricks is in the firing process. Clay is fired in kilns at 1000°C for 2 – 3 days.

The main contributor of embodied energy in concrete is cement. Cement only comprises 10% of a concrete brick. Cement is produced by heating limestone and other materials at 1450°C for 30 minutes. It therefore stands to reason that concrete bricks employ substantially less energy to produce than clay bricks. International and local research concur that the embodied energy of clay products are 2.5MJ / kg whilst concrete bricks are 0.95MJ / kg, according to Low.

The operational life refers to the energy utilized in the life time of the building to heat and cool the ambient temperatures. Clay and concrete have marginally different thermal properties. Concrete generally has a higher thermal capacity (i.e. ability to store heat), which enables the product to store heat at night and release this stored heat during the day. Clay has however better thermal resistance properties making it a better insulating material. Clay and concrete therefore effect the energy utilization of a building differently in different climatic conditions.

“This is however a nebulous comparison as studies show that the choice of masonry has a marginal effect of a buildings energy utilization as more than 80% of heat is transferred via windows, doors and ceilings,” says Low.

He points out that all concrete is 100% recyclable and makes an excellent aggregate to produce other concrete bricks. Clay bricks can be recycled to form sub-base materials in the construction industry. The recycling process ultimately reduces the total embodied energy by only 0.08 MJ / kg (i.e. 8%) which has a marginal effect on the cradle to grave total carbon footprint of clay and concrete masonry.

Low says the correct choice of masonry products will have a massive impact on green house emissions and energy consumption. Embodied energy, the only differential between masonry products, is the most critical and important factor in the entire life cycle of masonry in a building and can account for up to 60% of a buildings embodied energy. Masonry has little impact on the energy utilization during the life of a building and all masonry materials can be recycled effectively.

Concrete has a carbon footprint 2.5 times less than an equivalent clay brick, and the choice of concrete can therefore reduce the carbon emissions of a mid size residential dwelling by 30 tons, which is equivalent to a cars emissions for 7 years. The choice of masonry material is the easiest and most cost effective manner to substantially reduce a buildings carbon footprint, says Low.

FROM SCRATCH NEWSWIRE EDITORIAL BOARD – We would like to highlight the fact that the author of the above text simply did not mention all the mining procedures as to what concerns cement production.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BUSINESS NEWS’ (South Africa)

Posted in CEMENT, CHEMICALS (processed components), COAL, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MINING INDUSTRIES, RECESSION, RECYCLING INDUSTRIES, SOUTH AFRICA, THE FLOW OF INVESTMENTS, THE WORK MARKET | Leave a Comment »

ROMANIAN-ENGLISH FERTILIZER PRODUCERS SACKS 5 500 WORKERS

Posted by Gilmour Poincaree on December 11, 2008

10 December 2008, Wednesday

PUBLISHED BY ‘BULGARIAN BUSINESS – NOVINITE.COM’

The Romanian-English fertilizer company InterAgro is going to lay off about 5 500 workers, or about 90% of its employees, the Romanian newspaper Adevarul reported.

The company is going to close down all of its six chemical plants, which produce fertilizers. The only way to save the factories would be if the Romanian state supported the company, the InterAgro President Ioan Niculae is quoted as saying.

Such a step, however, would be a breach of EU competition rules, and is therefore unlikely.

Niculae also said the closure of the company factories would incur losses of USD 100 M. InterAgro exports its fertilizer production, and the declining demand on the international market due to the global financial crisis has affected the company.

Bulgaria’s fertilizer producer Agropolychim has also been troubled by the effects of the global financial crisis, and has had to shut down temporarily its production lines.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘BULGARIAN BUSINESS – NOVINITE.COM’ (Spain)

Posted in AGRICULTURE, BULGARIA, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENGLAND, FERTILIZERS, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, JUDICIARY SYSTEMS, NATIONAL WORK FORCES, RECESSION, ROMANIA, STOCK MARKETS, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, UNITED KINGDOM | Leave a Comment »

MANUFACTURERS STEP ON THE BRAKES – PRODUCERS SAY THE RECESSION HAS KNOCKED THEIR WHEELS OFF, AND THE NEAREST TOW IS AT LEAST A YEAR AWAY (USA)

Posted by Gilmour Poincaree on December 9, 2008

Last update: December 8, 2008 – 9:06 PM

by Dee DePass (612-673-7725) – Star Tribune

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

The U.S. manufacturing recession steamrollered through the third quarter, setting the stage for one of the worst global recessions in recent history, according to a report released Monday by the Manufacturers Alliance (MAPI), which tracks 27 industries.

“There was a sudden and acute acceleration of the decline in the industrial sector in September and October,” said report author Daniel Meckstroth, the trade group’s chief economist.

“The vicious circle of financial crisis, decline in wealth, consumer spending cuts and job loss continues to spiral into a severe recession – certainly the worst since the early 1980s,” Meckstroth said.

Manufacturing industrial production dropped 4.4 percent in the second quarter and 7.8 percent in third. The trade group now predicts a decline for the entire industrial sector this year and next before showing some marginal improvement in 2010. The organization expects manufacturing production to fall 1.4 percent in 2008 and 4.2 percent in 2009; production is expected to grow a modest 0.9 percent in 2010.

The report comes as no surprise to scores of struggling manufacturers, who have severely slashed employee ranks in the last few weeks.

Maplewood-based 3M will cut 2,300 workers in the fourth quarter, on top of 1,000 cuts in the third quarter.

AT&T, which announced 4,600 job cuts in April, said Friday that it will lay off 12,000 more. Dow Chemical said Monday that it will close 20 plants and cut 5,000 full-time workers and 6,000 contractor jobs. DuPont is cutting 2,500 jobs, General Motors, 2,000. And Ford continues to lower production and has shut its Ranger truck plant in St. Paul through December because of declining sales, idling about 770 workers.

The downward spiral of the auto industry has sent the chiefs of all three U.S. auto giants to Congress seeking $35 billion in aid.

“The financial crisis in the United States has spread to most other regions of the world, creating a global downturn,” Meckstroth said. “A recession among our trading partners has weakened the outlook for exports, which is one of the few remaining pillars providing positive support to the economy, particularly to the manufacturing sector.”

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL WORK FORCES, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, THE WORKERS, USA | Leave a Comment »

PRODUCEN ACEITES DIELÉCTRICOS A PARTIR DE CRUDO AVILEÑO (Cuba)

Posted by Gilmour Poincaree on November 11, 2008

(Actualizado 5 de noviembre de 2008, 9:00 am)

por Lubia Ulloa Trujillo (AIN)

La obtención de aceite dieléctrico a partir del crudo avileño se consolida en Cuba después de 10 meses La refineria Sergio Soto, en Sancti Spiritus sin necesidad de importar ese producto.

Rafael de la Grana León, director general de la refinería Sergio Soto, en Sancti Spíritus, informó que al cierre del 2008 la Isla habrá ahorrado más de un millón de dólares por ese concepto, gracias a la calidad del combustible que se extrae de los pozos de Ciego de Ávila.

La producción del lubricante garantiza la demanda que exigen los 12 000 equipos que elabora la fábrica de transformadores cubanos marca Latino, aseguró el directivo.

Por cada tonelada de aceite adquirida en el exterior el Estado cubano desembolsaba 1 975 dólares, mientras que procesarlo en el territorio nacional cuesta menos del 50 por ciento de ese precio, explicó el especialista.

La refinería de Sancti Spíritus asimila todo el crudo que los petroleros del municipio de Majagua, en Ciego de Ávila, extraen de los cuatro yacimientos, pues es el único que sirve para alcanzar este tipo de grasa dado su bajo porcentaje de azufre, que oscila entre 1,9 y 2,0.

Además del hidrocarburo de Ciego de Ávila se logra diésel, keroseno, aceites básicos demandados en la industria y en la agricultura, así como también la nafta, que se emplea para obtener gasolina y como reductora de viscosidad.

La Sergio Soto, que cumplirá 61 años de fundada el próximo diciembre, fue la primera de las cuatro refinerías nacionalizadas en Cuba y la que inició el procesamiento del crudo soviético que entró al país cuando Estados Unidos suspendió su entrega.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘INVASOR’ (Cuba)

Posted in CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, CUBA, ECONOMIC CONJUNCTURE, ECONOMY, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PETROL, REFINERIES - PETROL/BIOFUELS, THE FLOW OF INVESTMENTS | Leave a Comment »

SAUDI MARKET JUMPS 6% AT WEEK’S START

Posted by Gilmour Poincaree on November 2, 2008

First Published 2008-11-01 – Updated 2008-11-01 13:38:31

Saudi stock market shows gains in all sectors, with 9.06 percent surge in petrochemicals.

RIYADH – The stock market in oil powerhouse Saudi Arabia, the largest in the Arab world, rose by six A crowd of mostly stock traders gathers at the Kuwait Stock Exchange on Monday, Aug. 21, 2000 in Kuwait City one day after the government announced the approval by Kuwait's cabinet of regulations necessary to implement a bill allowing foreigers to own stock and trade at the local stock market - AP Photos - Gustavo Ferraripercent on the first day of the trading week on Saturday, with all sectors, but chiefly the leading petrochemicals sector, showing gains.

The Tadawul All-Shares Index (TASI) closed on 5,871.24 points, up 6.02 percent on last week’s close on Wednesday.

All sectors were up, with petrochemicals surging 9.06 percent gain as petrochemicals giant SABIC finished the day 9.85 percent up.

The construction sector also climbed by more than nine percent while the banking sector registered a more modest gain of 3.72 percent.

The Saudi stock market trades from Saturday to Wednesday, while other bourses in oil-rich Arab countries in the Gulf operate from Sunday to Thursday.

The TASI finished last week down 10.1 percent and shed a massive 25.8 percent in October amid the global financial turmoil. The index is 46.81 percent lower than at the end of last year.

The Saudi bourse’s gains on Saturday came a day after US and European share markets ended their week with solid gains at the end of a month of wild volatility and losses amid fears that a deep recession lies ahead.

The total value of shares listed on stock markets in the Gulf region plummeted by 250 billion dollars in The Saudi stock market is the largest in the Arab worldOctober as indexes sank by an average 25 percent amid the global market meltdown.

A mild upturn at the end of the month did little to counteract the earlier rout and markets in the oil-rich states ended October worth 720 billion dollars, an enormous 400 billion less than at the start of the year.

Bourses in Gulf states other than Saudi Arabia closed slightly higher at best on Thursday, their final trading day of the month, as low investor confidence prevented them from responding to a huge rally by global stock markets in the previous few days.

Investors also failed to react to concerted support moves by Gulf state governments, such as injection of funds in the financial system and the guaranteeing of bank deposits.

Dubai topped the list of October losers, diving 28.7 percent, while Oman fell 26.9 percent. Doha plunged 25.6 percent, Kuwait shed 23.8 percent and Abu Dhabi was down 16 percent.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘MIDDLE EAST ON LINE’

Posted in CHEMICALS (processed components), COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PETROL, REFINERIES - PETROL/BIOFUELS, SAUDI ARABIA, STOCK MARKETS, THE ARABIAN PENINSULA, THE FLOW OF INVESTMENTS | Leave a Comment »