Word: petroleum
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...only place you feel the pain. About 1 million bbl. a day--roughly 5% of U.S. consumption--go toward the manufacture of plastics, detergents and other nonfuel products. Researchers are working on cheaper, eco-friendlier alternatives to oil-derived ingredients, but with the prevalence of petroleum, that's a big challenge. Here's another: Test your knowledge by checking the boxes next to the products that typically use petroleum-based ingredients. Answers are at the bottom. HOUSE PAINT...
...population. As Iraqis voted, DNO had a 55-m rig driven across the Turkish border in about 100 trucks and then assembled it a few kilometers inside Iraq, near Tawke. The rig - owned and operated by the Great Wall Drilling Co., a subsidiary of China's state-owned National Petroleum Corp., has hit several potential deposits of oil more than 3,000 m underground. And a second DNO rig is planned to go up nearby in June. DNO has tried to tamp down soaring expectations. Eide says that although there is "movable oil, we still don't know how much...
...partner in Petrodar, which began to drill for oil in the Sudan early this year, with production expected to rise to 250,000 barrels per day by the end of the year. In the Petrodar venture, Sinopec is a partner with both the Sudanese government and the Chinese National Petroleum Company, the parent company of PetroChina. Sinopec has also announced its intent to purchase oil fields in the Sudan so it can further expand its business there...
...Tsinghua-BP Clean Energy Research and Education Center as director when it opened in July 2003. The center's most promising project is a new technology called polygeneration, by which coal is converted into a cleaner gaseous fuel that can both generate electricity and be processed into a petroleum substitute. Polygeneration could cut the carbon emissions China generates by burning its copious coal reserves and reduce its dependence on oil imports. While his team continues to refine the technology--it's still more expensive than direct coal combustion--Li is lobbying the government to construct a $600 million demonstration plant...
...most recent filing with federal regulators on Feb. 9, Harvard revealed that it owned 134,050 shares in Sinopec, also known as the China Petroleum and Chemical Corporation. Those shares were worth a total of $8.3 million on the New York Stock Exchange at noon yesterday. Since Sept. 30, 2001, when Harvard first reported to the federal Securities and Exchange Commission (SEC) that it had purchased a stake in Sinopec, the price of shares in the Beijing-based firm has quadrupled...