Source: Ministry of Commerce's website January 29, 2019 Chile's \"Messenger\" reported on January 21 that US company Ensorcia invested US$220 million in cooperation with Chile's National Mining Company (Enami) and will begin in the third region in the fourth quarter The Aguilar Salt Lake (Atacama Region) mines and produces lithium.　　Different from the traditional solar evaporation pool extraction technology, Ensorcia will adopt a technology called MU, that is, install a mobile device near the salt lake to extract lithium mixed salt, and then inject lake water and other minerals into the salt lake. This technology has been successfully tested in the United States and hopes to achieve commercial production in Chile. Ensorcia has discussed cooperation with the Chilean government since 2016 and has now reached an agreement with Enami holding 10% of the shares.　　 The project plan is divided into two stages: the initial stage is to produce 40% lithium chloride Read More

Source of information: Trade Remedy and Investigation Bureau of the Ministry of Commerce Time: 2019-06-14On June 12, 2019, the United States International Trade Commission (ITC) decided to determine the specific food processing equipment and packaging materials thereof A 337 investigation was initiated. The investigation was filed by the US 3-A Sanitary Standards on March 12 in accordance with Section 337 of the US Customs Tariff Act 1930, alleging that the above-mentioned products exported to, imported from, and sold in the United States violated their trademark rights , Request ITC to initiate a 337 investigation and issue a general exclusion order or a limited exclusion order and a prohibition order. 5 China including Gaozhaopa Valve Manufacturing Co., Ltd., Wenzhou Qingke Steel Co., Ltd. Read More

Source: China National Chemical News, June 27, 2019 Recently, a senior official of the world’s largest independent oil trader, Victor, stated that the company has begun construction of a small refinery at a storage terminal in Malaysia, which will produce low-sulfur marine fuel. Kho Hui Meng, President and CEO of Victor Asia, said that the refinery will include a crude oil distillation unit with a daily processing capacity of 30,000 barrels, located at the company's oil storage terminal in Tanjung Bin, Johor, southern Malaysia. The refinery is expected to be completed in May 2020 and will provide low-sulfur marine fuels together with Victor’s refinery in Fujairah, UAE. Kho said that the new refinery in Malaysia will be able to produce a variety of low-sulfur crude oil, including US WTI crude oil, to comply with the current low sulfide trend and meet demand in a timely manner. At present, the world's major oil traders Read More

Source: Sinopec News Network, January 29, 2019, Sinochem New Network News, according to Reuters news on January 28, Reuters quoted two people familiar with the matter on Monday reported that ExxonMobil plans to refine its Beaumont, Texas oil The scale of the factory doubled.　　 reports that the expansion will make the plant the largest refinery in the United States.　　 reported that after the expansion, the daily capacity of Beaumont Refinery will reach 615,444 barrels. Read More

Source: SINOCHEM, January 29, 2019 SINOCHEM, according to foreign media reports, Saudi Aramco will acquire no more than 19.9% ​​of Hyundai Oilbank's shareholding in Hyundai Oilbank for up to 1.8 trillion won , This part of the equity is held by Hyundai Heavy Industries Holdings. The world's largest oil production company is seeking to increase investment in downstream operations in Asia.　　Hyundai Heavy Industries, the parent company of Hyundai Oil, disclosed the transaction in a document submitted to the Korean Stock Exchange on Monday.　　 Saudi Aramco is the largest shareholder of S-Oil Corp, the third largest oil refining company in South Korea. The acquisition will be Aramco’s second acquisition of a South Korean refinery, which already owns 63.4% of S-Oil. Read More

Source: Sinochem New Network January 29, 2019 Sinochem New Network News According to Yonhap News, a data released by the Korea Trade Association on the 28th shows that in 2018, South Korea's LNG imports increased by 17.3% year-on-year to 4404 10,000 tons, a record high. From the perspective of importing countries, Qatar is the largest gas source country in South Korea, accounting for 32.4% of the total imports, followed by Australia (17.9%), the United States (10.6%), Oman (9.7%), Malaysia (8.4%), Indonesia (7.8%) and Russia (4.4%).　　 It is worth noting that last year, LNG from the United States surged 138% year-on-year to 4.66 million tons, and South Korea also became the largest LNG export target country of the United States. In this regard, experts commented that South Korea is getting rid of the import pattern dominated by the Middle East and Southeast Asia and gradually diversifying its imported gas sources. (Finish) Read More

Source: Xinhuanet 　　 January 29, 2019 　　 Xinhua News Agency The US Treasury Department announced on the 28th that it will impose sanctions on Venezuelan oil companies.　　The U.S. Treasury Department said in a statement that Venezuela’s oil company is a Venezuelan state-owned enterprise and a major source of revenue and foreign exchange for the country. The company’s assets within the United States will be frozen and U.S. citizens may not conduct transactions with it.　　 The U.S. government announced on the 23rd that it recognizes Juan Guaido, chairman of the Venezuelan parliament and opposition party, as \"temporary president\" and said that the United States will continue to exert pressure on Venezuela through economic and diplomatic means. Venezuelan President Maduro announced on the same day that Venezuela officially broke off diplomatic relations with the United States.　　In the general election held in May 2018, Maduro won and was re-elected as President of Venezuela. On the 10th of this month, Maduro was sworn in as the new president of Venezuela. But some countries such as the United States refused on the grounds of democracy and human rights Read More

Source: China Petrochemical News Network January 28, 2019 　　 Xinhua News Agency January 25 It is reported that the strong growth of US production continued to drag down the propylene contract price in January, the market is expected to continue to face downward pressure in the short term.　　 At the end of 2018, the contract price of propylene in the United States fell due to the increase in the production of propylene from cracking units, refineries and other sources, as well as the end of year destocking restricting demand. At the end of 2018, U.S. propylene inventories rose to a three-year high.　　 Entering 2019, due to increased demand for replenishment of downstream stocks, coupled with recent price declines that have increased interest in propylene derivatives exports, it was originally expected that tighter supply will bring some upward pressure on pricing.　　Despite the increase in demand, strong production in January has exceeded the growth rate of demand. Propylene stocks continued to increase in 2019, reaching the highest level in seven years. Read More

Source: China Chemical Industry News January 24, 2019 Sinonews.com Recently, the Moscow State Institute of Iron and Steel and Russian National Research and Technology University cooperated with the Czech-European Institute of Technology to develop a biodegradable material for dressing with antibacterial effect. Bandages made with this material have a point effect and have a long-lasting effect without the need to replace new bandages. Elizabeth Permiakov, a researcher at the Institute of Inorganic Nanomaterials at the Moscow State Institute of Iron and Steel, said that the basis of the study was polylactone nanofibers, a biocompatible self-dissolving material in fibers Gentamicin, which has a broad-spectrum antibacterial effect, was added, and after 48 hours of using this material, a significant reduction in the number of bacteria could be observed.　　Researchers pointed out that this material can not only treat skin and skin, but also be used in the treatment of osteoporosis such as osteoporosis and osteomyelitis. They will continue to test Read More