Please read this excellent piece from my colleague Nigel Davis, who is editor of the Insight section of ICIS news.Some further thoughts: if 46% of existing and 45% of future ethylene production is taken offline by flooding, just think of the impact on food pricing and distribution and the resulting social and economic chaos due to the shortage of food–packaging material. These estimates maybe wrong, but if Lehman Brothers are only halfway right God help us, and I don’t just mean the chemicals industry. On a more immediate bottomline level, how many banks, consultants and project proponents are factoring in the increased risks of flooding into feasibility studies? Or does anyone really care enough to look beyond their next promotion or their imminent retirement? If you won’t be around in 10 years’ time, why bother asking awkward and potentially career-threatening questions?
Global Warming And The Impact On Ethylene
By John on 13 February, 2007 in Business, China, Economics, Environment, India, Middle East, Projects, Singapore, Technology
FREE TRIAL TO ICIS NEWS
LATEST CHEMICAL INDUSTRY NEWS
This blog looks at Asian and global commodity chemicals and polymer pricing trends, supply and demand and macroeconomics.
12th Five-Year-Plan China China credit China economic reforms China economy China environment China exports China inflation China petrochemicals China plastics industry China real estate cracker Dalian Commodity Exchange demographics Dow Chemical ethane European economy European petrochemicals Eurozone eurozone debt crisis Eurozone economy India Indian economy Middle East petrochemicals New Normal oil prices one-child policy OPEC petrochemicals polyester polyethylene polyolefins polypropylene PP PTA SABIC Saudi Arabia Saudi Aramco shale gas Sinopec the Fed US US economy US petrochemicals US shale gas