22 June 2012 12:30 [Source: ICIS news]
MUNICH (ICIS)--Clariant is set to benefit from the shale gas boom in the ?xml:namespace>
Hariolf Kottmann said there are positive implications from shale gas extraction, which is helping to reindustrialise the chemical industry in the US.
He added that the group's Oil and Mining Service's business unit should benefit, particularly following its acquisition of Canada-based oil services firm, Prairie Petro-Chem in April 2011.
"With our acquisition we are in a region in
Clariant's Catalysts business is also set to profit from the boom.
“Currently there are 8m tonnes of additional cracker capacity announced to be built in the
"An increase in capacity in any case means an increase in our business, how strong – we will see," Kottmann added.
I don’t think there will be a very negative impact on the company as we are far too downstream compared with our competitors,” he said.
Kottmann was speaking at Clariant’s capital markets and media day in
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections