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China Petrochemical Corp. (Sinopec), plans to invest CNY 13 billion (USD 1 = CNY 8.28) in the next five years in oil and gas exploration and production in western China's Tarim and Junggar basins.

Spence Engineering Company Inc., Walden, New York, has announced the introduction of the new RXSO-S stainless steel safety relief valve.

The Pentagon has announced that an international team led by Lockheed Martin has won the competition to build the Joint Strike Fighter (JSF), a stealthy, supersonic, multi-role fighter designed for the US Air Force, Navy and Marine Corps, as well as the UK Royal Air Force and Royal Navy.

IPSCO Inc. has announced that Roger Phillips, its President and Chief Executive Officer since 1982, will retire as previously planned at the beginning of January 2002.

Nearly a century of progress and achievement in the chemical process industries will take centre stage when the biennial CPI Exposition – better known as the CHEM SHOW – marks its 50th edition at its next gathering in 2003.

Kvaerner has reached an agreement to sell the recycling and dewatering activities of Kvaerner Pulp & Paper to Voith Paper HoldingGmbH of Germany.

Shell has announced that Rosemarie Mecca is the new executive vice president of finance and business systems for Shell Chemicals Ltd (SCL).

President and CEO Kjell E Almskog has informed the board of directors that he wishes to resign, effective 1 November 2001.

BASF is to build a new plant for the production of 3000 metric tons per year of vitamin B2 at its site in Kunsan, Korea.

Allegheny Ludlum, an Allegheny Technologies Incorporated company, will indefinitely idle the melt and associated service operations located at its facility in Houston, Pennsylvania.