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Daily news and top headlines for manufacturing professionals

Air Products’ Joint Venture Building China Facility

June 8, 2010 10:35 am | News | Comments

Company said its Chinese joint venture will build hydrogen production facility for PetroChina that can produce over 90 million standard cubic feet of hydrogen per day.

Mexico's Pemex Files Suit Against U.S. Companies

June 8, 2010 6:10 am | by E. Eduardo Castillo, Associated Press Writer | News | Comments

Oil company filed lawsuit against five companies, including U.S. subsidiary of German chemical maker BASF, for allegedly buying stolen Mexican petroleum products.

Cytec Industries To Raise Prices For Chemical

June 4, 2010 10:15 am | News | Comments

Specialty chemicals maker said it will raise prices for its Aero Melamine, citing a tight global supply and improving demand.


Oil Industry Says Thousands Of Jobs At Risk

June 4, 2010 5:10 am | by Alan Sayre, AP Business Writer | News | Comments

With a six-month moratorium ordered for deepwater drilling in the Gulf of Mexico, oilfield companies and analysts are warning of job losses and production delays.

Air Products Extends Hostile Bid For Airgas

June 3, 2010 5:25 am | News | Comments

Company extended by two months the expiration date of its $5.1 billion hostile takeover bid for rival Airgas Inc., with Airgas reiterating its opposition to the offer.

Amid Spill Anger, Obama Urges Cuts In Oil Tax Breaks

June 3, 2010 5:00 am | by Ben Feller and Julie Pace, Associated Press Writers | News | Comments

President Barack Obama pressed Congress to scrap billions in oil company tax breaks and pass legislation to help nation kick a dangerous ‘fossil fuel addiction.’

Oil Rig Workers Say BP Cut Corners

May 28, 2010 5:33 am | by Ben Evans and Mike Kunzelman, Associated Press Writers | News | Comments

Two workers injured when a Gulf oil rig exploded told Congress that the companies in charge of the drilling operation cut corners and neglected maintenance for higher profits.

BP: Gulf Spill Has Cost $930 Million

May 28, 2010 5:29 am | News | Comments

British oil giant says it has spent $930 million so far responding to ruptured oil well in Gulf of Mexico, which has surpassed the damage done by the Exxon Valdez.


Eastman Chemical Vows To Reduce Energy

May 28, 2010 5:15 am | News | Comments

Chemical company has formally pledged to reduce energy intensity 25 percent over a 10-year period in partnership with the U.S. Department of Energy.

Obama Pushes Alternative Energy Amid Oil Spill

May 26, 2010 10:42 am | by Julie Pace, Associated Press Writer | News | Comments

President Obama said that the 'heartbreaking' oil spill in Gulf of Mexico underscores urgent need for alternative fuel sources to feed energy needs in U.S.

Covidien Selling Specialty Chemicals Unit

May 26, 2010 6:00 am | News | Comments

Health care products supplier Covidien said it plans to sell its specialty chemicals business for $280 million in cash to an affiliate of New Mountain Capital.

Oil Tax Could Quadruple

May 25, 2010 5:14 am | by Stephen Ohlemacher, Associated Press Writer | News | Comments

Congress is getting ready to quadruple a tax on oil used to help finance cleanups to 32 cents a barrel, which would raise nearly $11 billion over the next decade.

BP Disaster May Lead To Changes In Offshore Drilling

May 25, 2010 5:09 am | by Chris Kkahn, AP Energy Writer | News | Comments

Massive oil spill in the Gulf of Mexico has focused attention on the petroleum industry's loose regulation and failure to plan for the worst.


Gulf Oil Spill Helps Some Companies

May 24, 2010 4:57 am | by Kevin Spears, AP | News | Comments

Ever since an offshore drilling rig exploded over three weeks ago, boom manufacturers have struggled to catch up in what amounts to the biggest boom in booms ever.

Raw Materials Force Hexion To Raise Prices

May 20, 2010 7:38 am | News | Comments

Hexion Specialty Chemicals said it plans to raise prices on is acrylic, styrene acrylic and styrene butadiene products in Europe, the Middle East and Africa.

Oil Prices Fall 20 Percent In Two Weeks

May 17, 2010 10:45 am | by Mark Williams, AP Energy Writer | News | Comments

Crude prices have fallen about 20 percent in two weeks as investors worry that a debt crisis in Europe could spread to the U.S. and hurt the global recovery.

OSHA Official: BP Has Issues With Safety

May 17, 2010 10:30 am | News | Comments

Deputy Assistant Secretary of Labor for OSHA says BP has 'systemic safety problem' and has not adequately addressed issues, despite being fined over $87 million.

BP Probe Finds Safety Issues On Atlantis Rig

May 17, 2010 5:57 am | by Noaki Schwartz and Ramit Plushnick-Masti, Associated Press Writers | News | Comments

Company probe finds problems with a second rig, which one official warned could 'lead to catastrophic operator error,' records and interviews show.

DuPont Buying Minority Stake In Chinese Chem Maker

May 14, 2010 10:40 am | News | Comments

Company said deal to buy Changshu 3F Zhonghao New Chemical Materials Co. will expand DuPont's reach into the fluorochemical market.

Green Groups Hope Oil Spill Boosts Movement

May 12, 2010 6:25 am | by Tamara Lush, Associated Press | News | Comments

Activists hope Gulf oil spill is the catalyst America's green movement needs to get Americans to pump less gasoline, buy hybrids and downsize their consumer lifestyle.

IEA Expects Global Oil Demand To Weaken

May 12, 2010 4:59 am | by Pablo Gorondi, Associated Press Writer | News | Comments

International Energy Agency said global oil demand is expected to rise less than previously expected as it cut its forecasts by a daily 220,000 barrels.

BP Shareholder Sues Execs Over Oil Spill

May 10, 2010 8:05 am | by Kevin McGill, Associated Press Writer | News | Comments

Lawsuit accuses BP's CEO and other executives of ignoring safety issues on oil rigs such as the Deepwater Horizon, which exploded on April 20.

Eastman Chemical Wins Energy Efficiency Awards

May 5, 2010 5:35 am | News | Comments

Tennessee-based company that makes chemicals, fibers and plastics used in everyday products earned energy efficiency awards again from the American Chemistry Council.

BASF 1Q Profit Hits $1.4 Billion, Nearly Triples

April 29, 2010 5:37 am | News | Comments

German chemical company said the economic recovery and a push by customers to restock their own inventories helped it nearly triple its first-quarter net profit to $1.4 billion.

Merck KGaA’s 1Q Profit Surges To $254M

April 28, 2010 5:25 am | News | Comments

German company reports demand for liquid crystals used in flat-screen televisions and computer monitors helped push first-quarter net profit more than three times higher.

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