Archive | September, 2010

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Typhoon triggers shutdowns in Taiwan

By Malini Hariharan

More news of plant shutdowns emerged today with Chinese Petroleum Corp (CPC) forced to stop production at its 500,000 tonnes/year No 5 cracker in Kaohsiung, Taiwan, after typhoon Fanapi resulted in extensive flooding.

Operations were suspended to …

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Saudi ethane price revision to be delayed?

By Malini Hariharan

The much talked about revision in Saudi ethane prices may not take place in 2012. In a recent report on the Middle East petrochemical sector analysts from Nomura expected the current price of $0.75/mmbtu to continue until …

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Asian Ethylene Market Uncertainty Continues

By John Richardson

THE outlook for ethylene spot market availability remains muddled as a few weeks ago due to higher freight rates and uncertainties surrounding Middle East natural-gas feedstock supply.

Freight rates for all Middle East, Asia and West Mediterranean …

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Saudi Private Petchem Cos To Consolidate

A-Jubail in Saudi Arabia

Source of picture: www.chemicals-technology.com

 

By John Richardson

SOME of the privately-owned Saudi Arabian petrochemical producers could well be forced to consolidate as a result of lack of feedstock for expansions, an industry source told the …

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PO demand slows, will prices slide?

By Malini Hariharan

After a fairly steady climb Asian polyolefin markets have hit the pause button.

Demand for polyethylene (PE) and polypropylene (PP) in China and Southeast Asia has weakened but this development has so far been balanced out by …

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Picking The Winners And Losers

 

Source of picture: ICIS

 

By John Richardson

ICIS has just published its Top 100 listing for 2009, which, not surprisingly, reveals the nothing-short-of devastating impact of the global economic crisis on chemical company financial performances.

“Unprecedented operating and …

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Looking for ethane? Head West

By Malini Hariharan

A problem of plenty is building up in the US where the rise of shale gas production could create problems in disposal of ethane. This may sound hard to believe but a new report by Bentek Energy …

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When Does Consolidation Become A Strategic Problem?

All our yesterdays… the ICI Runcorn site in its heyday

Source of picture: Chesterchronicle.co.uk

 

 

By John Richardson

Yesterday’s blog post on Petronas illustrates once again how the state-owned giants, albeit in this case one that is about to …

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A sleeping giant awakens

By Malini Hariharan

It’s a question that has puzzled many – why has Petronas, the state-owned Malaysian oil and gas major, not made any effort to scale up its petrochemicals business in the last five years.

But there are signs …

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Middle East Study Casts Doubt On Downstream Strategy

Petro Rabigh

Source of picture: arabianoilandgas.com

 

By John Richardson

Petro Rabigh’s attempt to move further down the value chain raises interesting questions over exactly how successful the Saudi joint venture will be in attracting the necessary investment.

As my …

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