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Time to get aggressive

By Malini Hariharan

LyondellBasell’s board is reported to have rejected Reliance Industries’ revised $14.5bn buyout offer.

The rejection is not surprising as LyondellBasell is said to have valued itself at $15.5bn in its restructuring plan.

Reliance still has room to …

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It helps to have the right partner

By Malini Hariharan

And Sumitomo Chemical has discovered this.

The company recently said that PetroRabigh, its joint venture with Saudi Aramco in Saudi Arabia, has managed to secure fresh ethane allocation of 30m scf of ethane for a second phase …

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Action in the propylene market

By Malini Hariharan

Just when Asian propylene prices started easing comes news of disruptions in production and price hikes in the West.

Propylene availability in Europe was hit after a strike by Total’s refinery workers early in the week resulted …

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The Dangers of Forgetfulness

By John Richardson

“IF YOU want to develop a good memory, you should learn to stop xxxxxxx forgetting, you brain-dead idiot” a former editor of mine often said, in his charming Glaswegian accent, after I had made the same mistake …

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Reliance makes it next move in quest for LyondellBasell

By Malini Hariharan

It is not surprising to read that Reliance Industries has raised its offer for LyondellBasell by $1bn to $14.5bn. The blog had been told last month that a higher offer was one of the strategic moves that …

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Ethylene Margin Feast On Borrowed Time

By John Richardson

A remarkable feature of early 2010 has been the tremendous margins enjoyed by Asian ethylene producers.

Profitability in February, up until the end of the second week, had been the strongest since 2001, according to my colleagues …

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Asian Aromatics Crawl Towards Post-Chinese New Year

A roar or a whimper?

Source of picture: http://break4fun.zarke.net

 

By John Richardson

THE ASIAN aromatics market has had “both its legs chopped off below the knees, and has also had its proverbial hands broken,” said an Asian-based petrochemicals consultant …

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China Polyolefin Inventories Surge

A post-Chinese New Year dream….

Source of picture: http://www.scsa.net.au/

 

 

By John Richardson

The large amount of polyolefins delivered to China over the past few months is causing further head-scratching and anxiety among producers and traders.

One view, well …

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Map Ta Phut pressure mounts

By Malini Hariharan

PTT Chem is likely to miss its revenue growth target of 20% this year because of the Map Ta Phut crisis.

The company had set a 2010 revenue target of about Baht100bn (US$3bn), up from Baht80bn in …

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India growth story – Part 3

By Malini Hariharan

Some numbers today on Indian polyolefin and polyvinyl chloride (PVC) demand growth during April-December 2009.

The strong growth trend noticed in the early part of last year continued and belied earlier expectations of a slowdown because of …

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