Archive | August, 2010

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Fingers Crossed For No Double-Dip Recession

 

 

The Risk Of Exhausted Optimism

Source of picture: http://www.thedigeratilife.com/blog/double-dip-recession/

 

By John Richardson

Global polyethylene (PE) oversupply will be “challenging but manageable” over the next year-and-a-half provided there is no double-dip economic downturn, said Joe Duffy, consultant with …

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China’s Unstoppable Consumption Juggernaut?

 

 

The major long-term shift in US refinery economics and C3s

 

Source of picture: blueplanetgreenliving.com

 

 

By John Richardson

CHINA will account for around one-third of global polypropylene (PP) consumption by the middle of this decade, up …

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Saudi PP producers react; put pressure on India

By Malini Hariharan

The Gulf Petrochemical and Chemicals Association (GPCA) is speaking up on behalf of Saudi producers who are worried about the Indian government’s recent ruling on dumping of polypropylene (PP).

The Indian position, outlined in a disclosure statement, …

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Saudi Feedstock Problems Worsen

SABIC headquarters in Riyadh

 

Source of picture: france24.com

 

By John Richardson

The days when the price of future ethane supply in Saudi Arabia – at the time called an advantaged feedstock because nobody knew what else to do …

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ExxonMobil Says Qatar C2s Still On

By John Richardson

EXXONMOBIL is insisting that its cracker and derivatives project with Qatar Petroleum is still on despite a media report to the contrary.

It certainly seems as if there are several suitors for this particular bride – perhaps …

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China’s coal chemical projects take shape

By Malini Hariharan

The first of China’s major coal-based chemical projects has finally started trial operations.

ICIS news reports that methanol has been fed at Shenhua Baotou’s 600,000 tonnes/year methanol-to-olefins (MTO) plant at Baotou, in inner Mongolia. The unit can …

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ExxonMobil Formally Out Of Qatar C2s – Report

Qatar Builds Its Future

 

Source of picture: The New York Times

 

By John Richardson

EXXONMOBIL and Qatar Petroleum have formally ended their agreement to build a $6bn petrochemical complex in Qatar, says a report by the Middle East …

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Qatar Petroleum in Algerian cracker jv

By Malini Hariharan

Qatar Petroleum’s (QP) ambition to extend its global reach has taken the company to Algeria.

QP is reported to have picked up a 10% stake in the Total-Sonatrach joint-venture petrochemicals project at Arzew, Algeria.

The entry of …

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Port congestion hits Saudi shipments

By Malini Hariharan

The blog is hearing a number of reports about delays in polymer shipments from Saudi Arabia because of port congestion. This is being attributed to a shortage of containers and labour ahead of Ramadan.

“It is now …

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Asian Polyolefins Face Two-Year Freight Squeeze

Container Freight Rates: Luck Before Brains

Source of picture: blogs.princeton.edu

 

By John Richardson

ASIA’S polyolefin industry is facing additional pressure from new Middle East capacity due to higher freight rates from the Middle East to Europe, the blog has been told.

This …

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