BP signs license agreement with Weilian Chemical for PTA technology

first_imgThe new unit will be located at the Dongying Port Economic Development Zone in eastern Shandong province BP signs license agreement with Weilian Chemical for PTA technology. (Credit: bp p.l.c.) UK-based oil and gas company, BP has signed a license agreement with Weilian Chemical, a subsidiary of Dongying United Petrochemical, for the production of purified terephthalic acid (PTA) production technology.Weilian Chemical is planning to build a 2.5 million tonnes per annum PTA production unit, for which the firm has selected bp’s proprietary PTA production technology in a global bidding process that was initiated last year.The key features of the technology licensed to Weilian Chemical are said to have been proven at BP’s Zhuhai plant in southern China.BP Petrochemicals chief operating officer Rita Griffin said: “We are pleased to be able to provide bp’s most advanced PTA technology, bpPTAg5, to Weilian Chemical, helping our partners to grow their business to meet the demand for high quality products with a lower carbon footprint. Together, we hope to lay strong foundations for future cooperation.”To be located at the Dongying Port Economic Development Zone in eastern Shandong province, the new facility will be an addition to the existing refineries and paraxylene (PX) facilities portfolio of Dongying United Petrochemical.The new unit is expected to be completed in the first half of 2020BP said that the design of the new unit is underway and is estimated to be completed in the first half of the year while the initial production is expected by the second quarter of 2022.Dongying United Petrochemical chairman Li Zhanchen said: “Adding a PTA production facility is an important step for our company to accelerate industrial transformation, while improving quality and efficiency.“We are delighted to work together with bp, providing us with leading technology and services. With bp’s support, we believe our PTA project will start-up successfully, showcasing the fruitful cooperation between us.”Furthermore, the PTA technology is expected to significantly reduce both operational costs and capital costs.In May, BP Australia has announced plans for a feasibility study into an export-scale renewable hydrogen production facility in Western Australia.The study will assess the feasibility of building a renewable hydrogen and ammonia production facility in Geraldton.last_img read more

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Lenders approving more mortgages as crash risk subsides, says broker

first_imgHome » News » Housing Market » Lenders approving more mortgages as crash risk subsides, says broker previous nextHousing MarketLenders approving more mortgages as crash risk subsides, says brokerLenders including the Nationwide are taking a more positive outlook about the housing market as valuations rise.Nigel Lewis10th December 20200615 Views Mortgage lenders are taking a more relaxed view of the housing market’s future and one of the largest, Nationwide, has returned to offering 90% LTV mortgages, a leading mortgage broker has claimed.Dan Lee of Total Landlord Mortgages says over the past week or so his team have been able to get 90% LTV mortgages approved by the lender, and that other mortgage firms are following suit.“Only a few weeks ago we had clients whose mortgages were being rejected by the lender and house sales were falling apart,” he says.“But now we’re able to go back to them and say their mortgage application is likely to be given the green light, which will be good for the property market.”Dan also says that this underscores the importance of brokers, which these days handle approximately 80% of all mortgage applications.He says lenders clearly believe that the risk of a post-boom housing crash is easing off, helped by a surge in property price valuations in recent weeks.This includes the most recent Halifax house price index, which revealed a staggering 7.3% annual increase in house prices including a leap of 1.2% last month.“At the moment it feels like the good times of the early noughties, and it’s certainly not where I thought we would be now following two lockdowns,” adds Lee (pictured).“And as the Covid vaccine is rolled out, and if the Chancellor modifies his plans to end the stamp duty holiday on 31st March, then this boom may continue.”Dan Lee Total Landlord Mortgages Mortgage broker Nationwide December 10, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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PPE-mail list spammed by trolls

first_imgThe Oxford PPE Society has had to apologize after dozens of emails were sent out to all members of its groupspaces page, many of which were sent by what appears to have been internet ‘trolls’ from outside the University.The original inquiry read, “I joined PPE Society on the door at the Shami Chakrabarti event yesterday evening, but don’t think I was added to the list of members even though I paid the full £10. I was asked to email you to confirm my membership. If you can confirm that I have been added, that would be much appreciated.”However as the email was sent to [email protected] it was received by the entire PPE society mailing list.The matter was made worse by people complaining about the situation as the emails were received by everyone. One member wrote “Please stop sending me irrelevant emails,” which was sent to everyone on the groupspaces mailing list. Another person complained to everyone on the list, “Everyone. If you hit reply you are replying to everyone on the freaking list of group spaces. So stop it. Send your personal inquiries to the designated recipient.”One person using a non-Oxford email account sent round spam messages to all members afterwards, asking “How do you feel about Benedict Cumberbatch getting married?” and “Do you have a no Jews policy?”According to the PPE Society President Victor Jivanescu more than 50 emails were received within the space of 20 minutes, with the whole incident lasting for about an hour. When asked about how the situation was eventually dealt with, Jivanescu explained to Cher- well that “As I saw that some actually enjoyed this situation I took the only responsible action and changed the settings of our mailinglist to only allow group managers to access the ‘reply to all’ function. The first email came in at about 11:10 and by 12:10 the situation was under control and no more messages were received.”Immediately after the incident, Victor Jivanescu sent round an email to all members saying, “On behalf of the PPE Society, we would like to notify you that we are sorry that this error has occurred, we stopped sending emails to everyone and replied only to particular senders. “If you would like to not receive these emails any more than please stop using the groupspaces address (i.e. stop replying). Stop sending general emails to be removed from the list because you can do so yourself and you are only spamming people’s accounts. Don’t let this situation get out of control.”Meanwhile the author of the original email commented to Cherwell, “Obviously, I shouldn’t be allowed out of the house or to use technology. Something perfectly innocent became quite embarrassing quite quickly, but it’s all been laughed off, so who cares?”last_img read more

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Mayoral Candidate John Flood Says Ocean City Has Too Much Debt

first_imgMayoral candidate John Flood, a former city councilman, is looking to make a comeback in politics. By Donald WittkowskiMayoral candidate John Flood discusses his concerns about Ocean City’s capital plan, municipal debt and taxes in the third story published in OCNJDaily.com leading up to the May 8 election.He also describes how he would plan, finance and build major construction projects to ease the tax burden associated with the city’s debt payments.His comments follow in this question-and-answer format.During the campaign you have talked about the importance of the city’s capital plan. However, you’ve also said you have concerns because you believe it has been growing at too fast a pace. Would you elaborate on some of your concerns?The capital plan and infrastructure replacement are essential. Most of the infrastructure was placed in the 1950s and has outlived its useful life. It needs to be replaced. We didn’t get into this mess overnight, and it’s not going to be fixed in a short time.One of the examples I can give is that when they redid the Boardwalk, which absolutely needed to be done, they never did any more of the Boardwalk that couldn’t be completed between the Monday after Columbus Day weekend and Palm Sunday. Most of the time, they were done ahead of schedule. So, there was no real inconvenience for the people on the Boardwalk.But when we look at road and drainage projects that are very large and complex, they seem to go on for years. I believe those projects, any large project like that, should be broken down into smaller increments. There should be more lead time – they should start in the fall and be completed by early spring – so that nobody is inconvenienced during the summer and the roads aren’t torn up, with the exception of an emergency.A chart by John Flood illustrates Ocean City’s growing debt.Driving through Ocean City, you now see a number of roads torn up for various drainage and road projects. Do you believe that’s an example of the capital plan being too ambitious and moving along at a pace that might be a little too fast because of the extensive road improvements and detours you see around town?Absolutely. Projects just need to be planned out better. By spreading the large projects out over several years, you also get to spread out the funding over several years. The physical plans and the scheduling are one part of the plan. The other part is planning for how it will be repaid. I’ve found out that what came as a surprise to most people is that all of this work is being done with borrowed money. They hear the rhetoric from the city that, ‘We’re watching your money, we haven’t had tax increases, we’re fiscally prudent,’ so a lot of them believe this work is all being done out of what they’re paying in their taxes. They’re totally unaware of the amount of growing debt being incurred to do these projects.Continuing with your concerns about the debt, what do you believe the financial implications are about the extensive capital plan as well as the debt that’s associated with it, on the city taxpayers?It’s impossible to believe that we could go from $67 million in debt to $126 million in debt in the last eight years and not incur some sort of a tax increase. And with another $88 million in debt planned over the next four years, it will lead to more tax increases.The other potential problem is that by borrowing so much money, so fast, it could potentially lead to a lower bond rating. A lower bond rating equates to a higher interest rate. A higher interest rate equates to us having to pay back more money. We need to have more of a measured pace for both the work and the repayment schedule.last_img read more

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Speech: United Kingdom’s support for the OSCE and its efforts to achieve stability, peace and democracy for the people of Europe

first_imgThank you Mr President,And thank you Foreign Minister Alfano for your briefing.The United Kingdom fully supports the OSCE and its efforts to achieve stability, peace and democracy for the people of Europe, including through dialogue. Like the United Nations, the OSCE is a pillar of the international rules based system and respect for its fundamental principles must be restored.Nowhere in Europe is this more important than in Ukraine. Let me reaffirm the United Kingdom’s full support for Ukraine’s independence, sovereignty and territorial integrity, including in Crimea. These are words by which we open so many of our Council’s resolutions. They are fundamental to all Member States of the United Nations. Yet last month we marked the fourth anniversary of Russia’s illegal annexation of Crimea. That act, by a permanent member of this Council, showed complete disregard for our UN Charter and trampled all over international law. In addition to annexing Crimea, Russia has destabilised Eastern Ukraine and continues to fuel the conflict at enormous human and material cost to the Ukrainians people.As always, it is civilians that suffer most. Since the conflict began, over 10,300 people have lost their lives, almost 25,000 have been injured and 3.4 million people are in need of humanitarian assistance, particularly along the line of contact. And we have seen reports that over 1000 Russian military personnel and mercenaries have lost their lives, so the Russian people are also mourning their children. It is only through a truly sustainable ceasefire and genuine political will, through the implementation of the Minsk Agreement, that this conflict will be brought to an end. We welcome the latest recommitment to the ceasefire by the Trilateral Contact Group, but ceasefires have been broken in the past, and have not resulted in sustained improvements to the security situation.While the conflict continues, the Special Monitoring Mission, ably directed by Chief Monitor Apakan, must be permitted to carry out its mandate in full and be granted full, safe and unhindered access to all of Ukraine, including those parts of the border with Russia not under Ukraine’s control, and Crimea. The increasingly aggressive behaviour and threats we are seeing towards OSCE monitors are deeply concerning and we remember the sacrifice of paramedic Joseph Stone on 23 April last year.Mr President,If, as Russia claims, it truly cares about the people of the Donbas, it should end the fighting that it started, withdraw its military personnel and weapons and cease its support for the separatists. Russia should also show a genuine political will to end the conflict and to abide by the Minsk Agreements that it signed. Until these steps are taken, we will work with our EU partners to ensure that sanctions remain fully in place.Mr President,We must retain the Council’s focus of this Council on Ukraine. Next Thursday the UK will co-host an Arria-formula meeting to discuss this blatant violation of international law and the UN Charter. The chaos, violence and ongoing loss of life resulting from Russia’s military operations more than merit this Council’s time. We must be ready to remain seized of this issue.Foreign Minister Alfano, we welcome and strongly support Italy’s intention to prioritise tackling Modern Slavery, and addressing the challenges associated with migration, including corruption and trafficking. In addition, we support your focus on the implementation of the OSCE Gender Action Plan and on protracted conflicts, which continue to undermine security in the OSCE region. These are areas where the OSCE’s cross-dimensional approach can really add value. We are keen to work with you to ensure that OSCE activities complement, rather than duplicate, the work of UN Agencies and other organisations.Mr President,The OSCE’s autonomous institutions and network of Field Operations can and do make a significant contribution to the promotion of security, stability, democracy and the rule of law across the region. However, it is only able to do so when Member States stand up for the principles which guide it. This is the task of all of us on the Security Council. To stand up for those who suffer acts of aggression from their bigger neighbours. To stand up for the UN charter. To stand up for international law.Thank you Mr President.last_img read more

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Soulive Adds George Porter Jr., Marcus King, Shady Horns To Bowlive Night Seven

first_imgAs anticipation continues to mount for the return of Soulive‘s 8-night “Bowlive” Brooklyn Bowl residency this summer, the band has announced The Meters’ singer/bassist George Porter Jr., guitar phenom Marcus King, and Lettuce’s Shady Horns as the special guests for the penultimate show of the residency on June 16th.For years, the instrumental jazz/funk fusion trio held down an annual spot at the Brooklyn Bowl for an extended residency, bringing in different artists on each night of the run to collaborate with Soulive’s Eric Krasno, Neal Evans, and Alan Evans. After taking a year off from that tradition last year, Soulive announced the triumphant return of this cherished New York music scene tradition in 2017. Unlike past Bowlives, which were held in March, this run will take place throughout the month of June, broken into two consecutive 4-night stands: June 7th – 10th, and June 14th – 17th. The band has already announced their special guests for June 7th (Karl Denson & Steve Kimock), June 8th (Doyle Bramhall II), June 14th (GRiZ, Son Little, & The Shady Horns), and June 15th (John Scofield & The Shady Horns). The remaining three nights’ guests are slated to be announced in the coming week.You can buy tickets to the June 16th show with George Porter Jr., Marcus King, and the Shady Horns here.[Photo credit: Bill McAlaine (Porter); Emily Butler (King)]last_img read more

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American Chemical Society presents two with awards

first_imgRobert J. Madix, a senior research fellow in chemical engineering at Harvard’s School of Engineering and Applied Sciences (SEAS), and Sang-Hee Shim, a postdoctoral fellow in chemistry and chemical biology in the Faculty of Arts and Sciences along with her mentor Martin T. Zanni, an associate professor of chemistry at University of Wisconsin, Madison, were honored by the American Chemical Society (ACS) in San Francisco on March 23 for their chemistry research.Madix was presented with the 2010 Garbor A. Somorjai Award for Creative Work for his role in establishing the molecular foundation for elementary surface reactions on single crystal catalytic metals and for his contributions to the understanding of partial oxidation reactions on silver surfaces, the dynamics and kinetics of adsorption and surface reactions, and the atomic-scale imaging of reactive processes on surfaces.Shim and Zanni received the Nobel Laureate Signature Award for Graduate Education in Chemistry for revolutionizing the technology of two-dimensional infrared spectroscopy. With the new technology, they have performed a groundbreaking study of amyloid fibers.last_img read more

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Broadway Theater Lights Will Now Be Dimmed for Joan Rivers

first_img View Comments The reversal came after the Main Stem’s New Amsterdam, Helen Hayes, Studio 54, Stephen Sondheim and five Jujamcyn theaters announced that they would be dimming their lights in Rivers’ honor anyway. The comedy icon, Tony nominee and longtime Broadway cheerleader got the last laugh. Of course she did. “Joan Rivers loved Broadway and we loved her. Due to the outpouring of love and respect for Joan Rivers from our community and from her friends and fans worldwide, the marquees of Broadway theatres in New York will be dimmed in her memory,” said Charlotte St. Martin, Executive Director of the Broadway League in a statement.center_img After receiving criticism for their initial decision to not dim the Great White Way marquee lights in tribute to the late Joan Rivers, the Broadway League has now agreed to do so at 6:45PM on September 9.last_img read more

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Buggy year

first_imgBy Brad HaireUniversity of GeorgiaDamage from insects and caterpillars can vary yearly in most Georgia crops. University of Georgia experts say this year will go down as a buggy one.Crop-eating bugs like Georgia’s subtropical climate, says Steve Brown, a UGA Cooperative Extension entomologist.Peanut pestsGeorgia peanut farmers usually don’t spray for foliage-feeding insects, Brown said. But this year was different. Some growers had to spray two or three times.The three-cornered alfalfa hopper caused most of the problems, reducing yields in some fields. This stem-eating bug wasn’t much of a problem a decade ago.Peanut farmers apply an insecticide in the furrow with seeds at planting time to protect against thrips. These tiny insects feed on leaves and can carry the tomato spotted wilt virus. This year, thrips showed up later in the spring anyway. The yield loss to TSWV is expected to be 7 percent, the worst in a decade.Estimates for the cost of control and damage from pests aren’t available yet for 2005, Brown said. But peanut pests cost Georgia farmers $14.3 million in 2004. And the cost to the state’s 750,000-acre crop is expected to be higher this year.Cotton crittersCotton pests cost Georgia farmers $102 million in control measures and losses this year. About $84 per acre. That’s 15 percent more than last year, said Phillip Roberts, a UGA Extension cotton entomologist.Farmers sprayed about 20 percent more for cotton pests this year than last, Roberts said. They sprayed mostly to control stinkbugs, now a major pest in Georgia cotton.In 2003, farmers lost about 72,000 bales of cotton to stinkbugs. They grew 2.1 million bales (roughly 480 pounds of lint) that year. This year, they’ll lose about 44,000 bales while producing 2 million.”The reduction in damage is primarily due to our growers now understanding the problems stinkbugs cause and … doing a good job managing them,” Roberts said.About 90 percent of Georgia’s 1.21 million acres of cotton is planted in Bt cotton. This cotton has a gene that lets the plant produce a toxin from the bacterium, Bacillus thuringiensis. The toxin kills many caterpillar pests. Before Bt cotton became available in the mid-1990s, Georgia farmers sprayed insecticides about five times per year. They averaged three times this year. Back before boll weevils were eradicated, farmers had to spray about 20 times a year.Corn earworms damaged cotton in Georgia and other states, too. Bt cotton controls this worm, but not completely. The caterpillar feeds and grows inside cotton flowers, where the toxin isn’t as strong. When it moves to feed on developing bolls, where the toxin is stronger, it’s not easily killed.Farmers spray pyrethroid insecticides to kill them when they get out of control. Many worms survived this year, Roberts said. It isn’t completely clear why they did. But Roberts and scientists in other states are studying the problem.Veggie villainsStinkbugs are hurting Georgia’s $700 million annual vegetable crop, too, said Stormy Sparks, a UGA Extension vegetable entomologist. Their piercing bite can damage forming fruit. And damaged fruit can’t be sold. The industry is looking for ways to control it.Georgia farmers grow about 30 kinds of vegetables, such as peppers, sweet corn, tomatoes and eggplant. Because of the crops’ high per-acre value and consumers’ intolerance of insect damage, farmers spray to protect the crops.Spring sweet corn can be sprayed as much as 20 times during its growing season. At times during the critical silking stage, it’s sprayed twice a day. Tomatoes often need spraying weekly.Farmers minimize insecticide use by growing most crops when pest populations are low, Sparks said. Still, insects cost vegetable farmers about $57 million in 2004.This year will likely cost as much or more. “I’d say, all in all, it was a buggy year,” Sparks said.last_img read more

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Accounts that experience fraud run from their credit union

first_imgby: Paul Bjerke“You never know who might be watching.”You’ve heard that saying before. When applied to your money, it used to mean that you shouldn’t flash large amounts of cash in a public place or let anyone stand too close to you when using the ATM.Nowadays, though, the thieves who are watching are nowhere near their victims. They may not be in the same state or even the same country. They’re out there, however, on the Internet, targeting businesses and financial institutions, looking to steal customer information. And when they do, the results are so much worse than simply losing a handful of cash, for both the consumers and the business. Consider this, according to an Aite Group survey, 47 percent of customers who fall victim to an identity theft experience said they changed financial institutions because of it.Can you afford to lose 47 percent of your business if your FI is hacked?Data breaches are no longer a unique occurrenceTarget’s breach in 2013 affected 110 million people and made national headlines, but the retail giant is hardly alone in its victimization. Instead, Target’s attack only foreshadowed a string of breaches that occurred throughout 2014. Here are some of the most notable: continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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