Douple-dip Appears To Have Begun

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By John Richardson

The start of the next dip in what this blog has long thought would be a double-dip economic crisis looks as if it could have begun.

If not now, it’s going to happen at some point because …

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Benzene: What Lies Beneath

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A Ring of Truth?

Source of picture: http://web.pdx.edu/~nathanh/benzene/benzene2.gif

 

By John Richardson

TUMBLING Asian benzene prices are being blamed on weaker crude, itself a reflection of macro-economic worries over higher-than-expected US jobless figures, government debt problems in the Euro zone and …

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Liveris on the chemical cycle, Dow’s asset-light strategy and Ras Tanura

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By Malini Hariharan

I have been reading a transcript of Dow Chemical’s Q4 2009 earnings call and here are some interesting comments made by Andrew Liveris, the company’s ceo.

Despite recording revenue and volume growth in 2009 Liveris was cautious …

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The Dangers Of A Three-Year-Old’s Attention Span

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“Hello everybody – welcome to the island of Sodor. Time to flip your positions’

Source of picture: www.dragoart.com

By John Richardson

MY three-year-old son has, quite rightly, an incredibly short attention span. A child of that age should be overwhelmed …

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Braskem makes its first US move; acquires Sunoco PP assets

By Malini Hariharan

Less then a week after the blog had highlighted Braskem’s plans for global growth through acquisitions the company has announced that it will buy the polypropylene (PP) assets of US-based Sunoco.

The $350m deal, still subject to …

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Corrected:Asian Naphtha-Ethylene Spreads Touch 2007 Levels

We should have originally written ‘integrated low-density polyethylene (LDPE) in paragraphsix, but instead wrote linear-low density PE (LLDPE). It’s now been corrected and apologies for the error – we will be buying some better glasses (less of this “we” – it’s actually “me”!)…

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Refinery Profit Squeeze Threat To Petchems

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“Any Old Iron?”

Source of picture: http://www.investorfsbo.com/refinery.html

 

By John Richardson

A LONG-TERM shift in refinery economics is posing a major threat to petrochemical margins – along with the delayed supply crisis that’s likely to hit the industry at some …

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SK moving to China?

South Korean producers have for long been dependent on the Chinese market to absorb a large percentage of their output. So it is perhaps not surprising to read that SK Energy plans to move the headquarters of its chemicals division …

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Map Ta Phut impasse continues

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By Malini Hariharan

There is no light yet for companies whose projects have been suspended at Map Ta Phut. Last Friday, Thailand’s Central Administrative Court rejected 30 petitions submitted by companies looking to resume work as their projects had received …

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China PVC Capacity Binge Clobbers Northeast Asia

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By John Richardson

CHINA’S capacity expansions in industries including steel, aluminium and petrochemicals continue to astound.

Take polyvinyl chloride (PVC) for example., where, according to a new report by ChemSystems, “capacity (in China) has expanded from 5m tonne/year in 2003 …

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