Archive | Olefins RSS feed for this section

resting-bull.jpg

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 …

Continue Reading
photo_1279484128993-1-0.jpg

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 …

Continue Reading

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 …

Continue Reading
shenhua.jpg

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 …

Continue Reading
Qatar.jpg

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 …

Continue Reading

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 …

Continue Reading

Kuwait plans another cracker

By Malini Hariharan

Despite doubts about availability of gas, its cost and viability of using naphtha or other feedstocks, companies from the Middle East are continuing to plan new petrochemical projects.

The latest is Kuwait’s Petrochemical Industries Co (PIC) which …

Continue Reading

Operating problems strike Asian polyolefins

By Malini Hariharan

Just when polyolefin markets have started recovering operating issues are cropping up at plants in Asia.

ExxonMobil was forced to shut its 600,000 tonnes/year polyethylene (PE) plant in Singapore on Tuesday for two weeks due to undisclosed …

Continue Reading
2010073100161.jpg

Taiwan’s tough talk

By Malini Hariharan

Formosa Petrochemical Corp’s problems are mounting after two accidents in less than a month at its refinery and petrochemical site in Mailiao, Taiwan.

Wu Den-yih, the country’s premier was at the site last week and ordered an …

Continue Reading

China PE Price Rebound Driven By Futures Market

By John Richardson

CHINA’S domestic linear-low density polyethylene (LLDPE) prices have rebounded by as much as Yuan 1,000/tonne ($147.5./tonne) or 8% over the last two weeks, according to this ICIS news article from my colleague Rainy Ma.

As these graphs …

Continue Reading