Sinopec Group will complete a 20-million-barrel crude reserve base in the southwestern Chinese port of Beihai by September 2011, an industry source told Reuters on Wednesday.
Sinopec would also add a new 100,000 barrel-per-day crude refining unit in Beihai, Guangxi region, where the state oil giant eventually plans to establish a refining and petrochemical base, said the source with knowledge of the refiner's plans.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
Compelling solutions through strategic partnerships
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
