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The Petronas Decision And Singapore

By John Richardson

THE blog continues to ponder the significance of the Petronas announcement that it is to go ahead with its $27bn refinery-petrochemicals project – the Pengerang Integrated Complex (PIC) at Johor in Malaysia.

“It means that Singapore faces …

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The Petronas Decision: What It Means

By John Richardson

LAST week’s decision by Petronas to go ahead with its $27bn refinery and petrochemicals complex at Pengerang in Johor, Malaysia, tells us that:…

Nation building remains important in the petrochemicals business. This project will create huge further

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US Shale Gas: Demand Is The Thing

By John Richardson

Here is one way of looking at the shale gas industry in the US from a March Oxford Economics Report:…

While most of the companies that have made write-downs are not quitting, many players in this industry

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US Petchems Risk Getting Only One Cookie

By John Richardson

WALTER Mischel, the psychologist, carried out an experiment on four-year-old children in the late 1960s.

“They were given a choice between a small reward (one Oreo cookie), which they could have at any time, or a larger …

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What Comes After Shale Gas

By John Richardson

IF the blog had a dollar for every occasion it had heard the phrase “ the shale gas revolution” over the last five years, we would be sitting on the deck of our yacht in Monte Carlo …

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China Jobs Versus The Cost Curve

By John Richardson

ACHIEVING approval for any new petrochemicals projects in China is going to be a lot harder in the future, is a a growing view across the chemicals industry.

A senior executive with a US-based polyolefins producer, for …

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China: One “Blink” And We Are Back To Normal

By John Richardson

Temporary factors might be behind the weakness in China’s polyethylene (PE) market that has been highlighted by our colleagues at ICIS pricing. Last week, pricing in China was either flat or declined on bearish sentiment (see the …

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China: More Credit For Less Growth

By John Richardson

REMEMBER this time last year when a surge in credit availability occurred in China,  thanks to the shadow-banking system?

This helped support a pick-up in economic activity in the second half of the year, including stronger chemicals …

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China’s About Turn: The Seven Global Implications

By John Richardson

HISTORIANS will end up concluding that falling emerging market currencies and stock markets – the prelude to what could be a full-blown crisis –  is really about China and not about the US Federal Reserve. The Fed …

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US Shale Gas And Income Distribution

By John Richardson

THE US shale gas and tight oil-driven energy revolution offers fantastic economic opportunities.

Kevin Swift, Chief Economist and Managing Director of the American Chemistry Council, provided a comprehensive and very valuable summary of the opportunities during his …

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