SINGAPORE (ICIS)--Iran’s Petrochemical Commercial Co (PCC) is planning to establish five new bonded warehouses in China by the end of March to facilitate its polyethylene (PE) and polypropylene (PP) exports to that market, a company source said on Tuesday. SEE MORE
SINGAPORE (ICIS)--Yara’s fourth quarter 2010 net income rose 9.9% year on year to Norwegian kroner (NKr) 1.56bn (€198m, $267m), on the back of stronger demand for fertilizers and higher prices, the Norway-based fertilizer major said on Tuesday. SEE MORE
Production tests of Syngenta Seeds Inc.’s new amylase corn at Western Plains Energy LLC showed an 8 percent increase in ethanol production and an 8 percent decrease in natural gas use. It’s enough to make Steve McNinch, general manager and CEO of the Oakley, Kan., plant, never want to go back to a liquid amylase enzyme ever again. “What that means for us is more profits, with less expense,” he said. “And there are no ‘gotchas’ for the plant either.” SEE MORE
Indorama plans to invest over €437 mln in a joint venture project to construct a 400,000 tpa polyethylene plant in Uzbekistan with national gas company Uzbekneftegaz. SEE MORE
Government policies to curb inflation are on the right track, according to Planning and Investment Minister Vo Hong Phuc in an interview with the Tuoi Tre (Youth) newspaper.