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Braskem makes its first US move; acquires Sunoco PP assets

By Malini Hariharan

Less then a week after the blog had highlighted Braskem’s plans for global growth through acquisitions the company has announced that it will buy the polypropylene (PP) assets of US-based Sunoco.

The $350m deal, still subject to …

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Corrected:Asian Naphtha-Ethylene Spreads Touch 2007 Levels

We should have originally written ‘integrated low-density polyethylene (LDPE) in paragraphsix, but instead wrote linear-low density PE (LLDPE). It’s now been corrected and apologies for the error – we will be buying some better glasses (less of this “we” – it’s actually “me”!)…

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Refinery Profit Squeeze Threat To Petchems

“Any Old Iron?”

Source of picture: http://www.investorfsbo.com/refinery.html

 

By John Richardson

A LONG-TERM shift in refinery economics is posing a major threat to petrochemical margins – along with the delayed supply crisis that’s likely to hit the industry at some …

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SK moving to China?

South Korean producers have for long been dependent on the Chinese market to absorb a large percentage of their output. So it is perhaps not surprising to read that SK Energy plans to move the headquarters of its chemicals division …

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Map Ta Phut impasse continues

By Malini Hariharan

There is no light yet for companies whose projects have been suspended at Map Ta Phut. Last Friday, Thailand’s Central Administrative Court rejected 30 petitions submitted by companies looking to resume work as their projects had received …

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China PVC Capacity Binge Clobbers Northeast Asia

By John Richardson

CHINA’S capacity expansions in industries including steel, aluminium and petrochemicals continue to astound.

Take polyvinyl chloride (PVC) for example., where, according to a new report by ChemSystems, “capacity (in China) has expanded from 5m tonne/year in 2003 …

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Beware The Motives of Optimists

By John Richardson

IT is always useful to make a note of both what economists are saying and where they are coming from.

To give you an example, I was at a conference last year when I heard a ridiculously …

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Post merger Braskem talks of global growth through acquisitions

By Malini Hariharan

After overcoming legal objections, Braskem took the final step late last week to announce the merger of the petrochemical operations of Petrobras, Odebrecht and Quattor, to create not only Brazil’s largest petrochemical company but also America’s largest …

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China Latest Growth, Inflation Raise Rate Rise Fears

By John Richardson

CHINA’S soaring fourth-quarter GDP (gross domestic product) growth – and the release of the latest inflation statistic – has heightened fears among economists that interest-rate rises will be necessary, risking collapse in house prices if it’s not managed …

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China Latest Credit Tightening Blow To Chemicals

By John Richardson

CHINA’S decision to temporarily halt lending by some banks – which was announced yesterday – as it attempts to further cool the economy will likely have a significant effect on chemicals demand and pricing.

This follows last …

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