Refinery closures – how many and how fast?

By Malini Hariharan

Many Asian aromatics producers are optimistic that the worst is over and a gradual improvement in global demand coupled with firm Chinese demand will help them through 2009.

There is also the expectation that a pressure on …

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Turkish Polyolefins Confront Tight Credit, China Uncertainty

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Source of picture: www.turkeytravel.com

 

By John Richardson

THE economic crisis continues to force the global chemicals industry to think on its feet due to, among many other things, persistently tight credit in some regions.

China has also become even …

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What’s next for Reliance?

By Malini Hariharan

Reliance Industries appears to have hit the end of the road in its quest for LyondellBasell which has filed its own restructuring plan, rejecting a $14.5bn Reliance offer.

LyondellBasell has said the Reliance offer was not “sufficiently …

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SEA Chemicals Need To Learn From The Past

By John Richardson

THE whinging is getting almost unbearable in Southeast Asia over the Asean-China Free-Trade Agreement (ACFTA).

The deal was under discussion for EIGHT years and yet chemicals and polymer producers and customers seem to have left it until …

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M&As – value creation or destruction?

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By Malini Hariharan

The current slowdown in M&As is perhaps for the best as according to a recent report by Alembic Global Advisors the chemical industry has a track record of value destroying M&A activity.

The study, which looked at …

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China – An Opportunity And Threat

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Source of picture: Dachangplastic.com

 

By John Richardson

WHAT a difference ten years have made in the plastics processing industry, according to a Southeast Asian converter who sees China’s machinery=manufacturing prowess as an opportunity and threat.

“Ten years ago …

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Asia’s Polyester Producers Get Greedy

By John Richardson

THE current glum mood in the Asian fibre intermediates chain is in stark contrast to the optimism in polyolefin and other petrochemical markets. A broad-based price rally has occurred following the end of the Chinese New Year …

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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

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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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Jurgen Talks A lot Of Sense

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Source of picture: http://www.referenceforbusiness.com/

 

By John Richardson

GROWTH in Europe isn’t going to return to 2008 levels before 2012, said BASF CEO Jurgen Hambrecht on the release of the German diversified chemical giant’s financial results for …

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