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.
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.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
