China PO demand will continue to expand but slower than capacity

By John Richardson

China’s capacity to produce polyethylene and polypropylene will expand at a double-digit pace next year, while demand growth is expected to ease, says Longston Li, analyst at Shanghai-based CBI.

CBI expects China’s polyethylene (PE) capacity would jump …

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Concerned about the Asean FTA? There’s not much you can do about it.

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The implementation of a zero-tariff regime in Asean from 1 Jauary 2010 has raised concerns among polymer producers in Indonesia and the Philippines about intense competition from Singapore and Thailand leading to a erosion in market shares.

Producers from these …

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Map Ta Phut work stops but no clarity on when crisis will be resolved.

By Malini Hariharan

Companies executing projects at Map Ta Phut in Thailand have finally received a notice from the government to stop construction work. The notice comes after the Thai Supreme court’s ruling in early December to suspend 65 projects …

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Qatar says there will be one more cracker

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By Malini Hariharan

Qatar has reconfirmed its commitment to build more petrochemical plants including a new worldscale cracker.

At a ceremony to mark the start of construction of Qapco’s new ldPE project, the deputy premier and minister of energy and …

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ExxonMobil Gas Buy Supports “Fuel Of The Future” Argument

 

By John Richardson

ExxonMobil’s purchase of XTO Energy for US$41bn seems to support the widely-held view that natural gas is the fuel for the future.

XTO specialises in the technology necessary to exploit shale gas and other hard-to-get-at unconventional …

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LyondellBasell court hearing deferred to 12 Jan

Yesterday’s crucial court hearing to determine whether LyondellBasell would have until 6 September 2010 to solicit votes for its reorganization plan has been adjourned to 12 January.
It means some more waiting for Reliance Industries which is said to be …

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Recycling Dip Boosts China By 8-10 Percentage Points

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It can be a dirty business….

Source of picture: www.China-environmental-news-blogspot.com

 

By John Richardson

THE sharp drop in plastics recycling in China has added 8-10 percentage points to virgin polyolefin demand growth in 2009, estimates a major Asian producer.…

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Reliance decision on LyondellBasell after court hearing

By Malini Hariharan

Yesterday’s media report about Reliance Industries on the verge of taking a final decision on LyondellBasell appears to have been a little premature. My sources say that a decision will be made only after the US bankruptcy …

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Will Reliance decide today on LyondellBasell?

By Malini Hariharan

Reliance Industries will take a call today on submitting a final bid for LyondellBasell, says this report from CNBC TV18.

The report, quoting unnamed sources, adds that Reliance may be having second thoughts about the acquisition. Key …

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More action needed at Mitsubishi Chem

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By Malini Hariharan

Japan’s largest chemical company Mitsubishi Chemical Holdings has been actively restructuring this year but more needs to be done to complete its transformation.

High on the list is reorganization of its cracker operations at Mizushima. Mitsubishi and …

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