Archive | April, 2007

Are coal-to-chemicals projects in China a load of nonsense?

Maybe, if the mystery blogger at the excellent http://www.theoildrum.com/ site knows what he is talking about. I’ve pasted in his arguments below.
You need to register at this site, which takes only a few minutes, if you want to get …

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Liveris defends strategy after a very tough few weeks

Imagine having to sack two of your senior management team after unauthorised takeover discussions.
And then imagine just a few weeks later being forced to announce a 20% reduction in first quarter earnings.
Andrew Liveris, Dow CEO (continuing our Dow …

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Dow fit with Reliance makes the most sense

Reliance is building the world’s first cracker that will be entirely fed by off-gas from its huge refinery expansion at Jamnagar. This technology has been used before, but never on this scale because nobody has had enough refinery capacity to …

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Don’t read this if all you care about is today’s C2 price

The International Energy Agency has further brought forward its forecast on when China will become the world’s biggest polluter to 2007 from 2010. Only three years ago, they were predicting not before 2025!
Coal-fired power stations are big cause of …

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Two optimistic views of the future

The eternal optimists at Nova Chemicals presented a very bullish view of olefins and polyolefins markets at their recent results meeting.Aaron Yap, trader with Integra, was also equally bullish at the ICIS Asian Polymers Conference in Shanghai last week – …

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A new era of globalisation?

I was chatting to my good friend and contact Paul Hodges of International eChem yesterday.He believes we’ve entered globalisation part II, where the impact of higher raw material prices will trigger harmful inflation.
As Ben Bernanke has pointed out, oil …

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This is not the time to behave like an Ostrich

The United Nations report on climate change, released last Friday, warned of 50 million made homeless as a result of global warming by as early as 2010.
Reports such as this will serve to pile even more pressure on the …

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