Life gets more complicated in the Middle East

In the old days all you had to do was propose an ethane cracker with PE and MEG downstream and you were away.
But these days if you want to get feedstock, especially in Saudi, you need to offer something …

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Watch out for the Black Swans and dump the consultants

The former trader turned professor, Nassim Nicholas Taleb, in his new book The Black Swan: The Impact of the Highly Improbable warns against the danger of forecasting. Forecasting is, obviously, always based on what he know and not what we …

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Capacity build-up to force volumes west…even from Asia?

There’s been a lot of talk about the next wave of Middle East capacity being too great for Asia to absorb all the Asian volumes. Indeed, estimates abound over western growth being satisfied by the M-E over the next 3-5 …

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Bad news for polyvinyl chloride?

And also a whole host of other chemicals if this article on the excellent All Roads Lead to China blog is correct and incentives that have encouraged the real estate boom are removed.
This serves of the dangers of overheating. …

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Are coal-to-chemicals projects in China a load of nonsense?

Maybe, if the mystery blogger at the excellent http://www.theoildrum.com/ site knows what he is talking about. I’ve pasted in his arguments below.
You need to register at this site, which takes only a few minutes, if you want to get …

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Liveris defends strategy after a very tough few weeks

Imagine having to sack two of your senior management team after unauthorised takeover discussions.
And then imagine just a few weeks later being forced to announce a 20% reduction in first quarter earnings.
Andrew Liveris, Dow CEO (continuing our Dow …

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Dow fit with Reliance makes the most sense

Reliance is building the world’s first cracker that will be entirely fed by off-gas from its huge refinery expansion at Jamnagar. This technology has been used before, but never on this scale because nobody has had enough refinery capacity to …

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Don’t read this if all you care about is today’s C2 price

The International Energy Agency has further brought forward its forecast on when China will become the world’s biggest polluter to 2007 from 2010. Only three years ago, they were predicting not before 2025!
Coal-fired power stations are big cause of …

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Two optimistic views of the future

The eternal optimists at Nova Chemicals presented a very bullish view of olefins and polyolefins markets at their recent results meeting.Aaron Yap, trader with Integra, was also equally bullish at the ICIS Asian Polymers Conference in Shanghai last week – …

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A new era of globalisation?

I was chatting to my good friend and contact Paul Hodges of International eChem yesterday.He believes we’ve entered globalisation part II, where the impact of higher raw material prices will trigger harmful inflation.
As Ben Bernanke has pointed out, oil …

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