Thai Start-up Delays On Court Ruling: The Details

The Thai Supreme Court’s decision to uphold a September injunction halting development of $12bn of petrochemical and power projects could affect the on-schedule start-up of capacities of a large amount of petrochemicals capacity.

Note the word could because, despite the …

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China PE Growth All-Time High

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Source of picture: www.americanprogress.org

 

By John Richardson

China’s high-density polyethylene (HDPE) demand is expected to grow by 38% to around 7m tonnes forecasts CBI China, the Shanghai-based commodity information service.

Linear-low density (LLDPE) is expected to rise by …

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The Immediate Dubai Impact

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On A Very Sticky Wicket

www.theage.com.au

 

 

By John Richardson

As one my colleagues said – it’s a good job the US stock markets were closed for Thanksgiving.

Lots of efforts are being made to talk the Dubai World …

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Reading The Minds of China’s Leadership

 

By John Richardson

A lot of the projects which have pushed the world into severe overcapacity were based on the assumption that China would remain in big deficits for many basic commodity chemicals and polymers.

It was thought that …

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China Polyolefin Demand Set To Rise By 30%

By John Richardson in Shanghai and Malini Hariharan

China is set to see polyolefins demand growth of 30% or more this year, depending on the which particular grade, according to preliminary estimates prepared by companies and market analysts.

Even if …

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Anxiety Builds Over China Growth

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Will growth spread quickly enough?

Source of picture: www.oraclemarketplace.co.uk

 

 

 

By John Richardson

Global chemicals production had returned to 2006 levels by October of this year, according to this slide ACCProduction09Versus06.ppt from the American Chemistry Council (ACC).

Worldwide chemicals growth …

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Twists expected in the LyondellBasell-Reliance story

By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections)

Reliance’s bid for LyondellBasell is likely to be a long drawn out affair with potential for complications from competitive bids.

I talked to some sources familiar with the …

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Update 2: Reliance Betting On US Competitiveness

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He’s not bad at making moneySource of picture: www.dealbreaker.com

 

SOME of the logic behind Reliance Industries’ bid for LyondellBasell could be a recognition that the globalisation of petrochemicals markets may have gone into partial reverse.

A climate bill passed by …

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Update 1: Reliance said to be offering $10-12bn

Reliance Industries – which is attempting to buy LyondellBasell – is offering $10-12bn, according to this report from Reuters quoting two sources with direct knowledge of the deal. 

This would be one of the biggest-ever acquisitions by an Indian company. In 2007, …

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Reliance Bid For LyondellBasell Confirmed

Reliance Industries has made an offer for LyondellBasell says an official statement released yesterday on the LyondellBasell website:

“LyondellBasell has received a preliminary non-binding offer from Reliance Industries Limited to acquire for cash a controlling interest in the company contemporaneously …

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