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A sleeping giant awakens

By Malini Hariharan

It’s a question that has puzzled many – why has Petronas, the state-owned Malaysian oil and gas major, not made any effort to scale up its petrochemicals business in the last five years.

But there are signs …

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Middle East Study Casts Doubt On Downstream Strategy

Petro Rabigh

Source of picture: arabianoilandgas.com

 

By John Richardson

Petro Rabigh’s attempt to move further down the value chain raises interesting questions over exactly how successful the Saudi joint venture will be in attracting the necessary investment.

As my …

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Map Ta Phut concerns refuse to fade away

By Malini Hariharan

Companies with projects at Thailand’s Map Ta Phut must have heaved a sigh of relief last week after the Administrative court ruled that 74 out of 76 suspended projects could move ahead after completing health impact assessment …

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A Downturn With Areas Of Persistent Strength

Tougher sanctions set to reduce Iranian exports

Source of picture: amix.dk/blog/post/19116

 

By John Richardson

I met a hedge-fund manager yesterday who wanted a straight answer as to why he felt that ethylene, propylene and polyolefin margins are holding-up relatively well, …

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Long-term Shift In LPG Cracking Economics

 

Source of picture: the truth about cars

 

By John Richardson

WHEN my fellow blogger Malini Hariharan once asked a particularly unhelpful individual who used to track polyethylene (PE) markets what was going on, his only response was “conditions are volatile”.…

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Diminishing Returns From Middle East Projects

Downtown Riyadh

 

 

By John Richardson

As my fellow blogger Malini Hariharan wrote last week “the projects environment in the Middle East has irrevocably changed” and with it the rather glib and outdated assumption still being frequently made that …

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The Unexpected Bonus For Polyolefins – In Summary

Every dark cloud has a silver lining…

By John Richardson

GLOBAL polyolefins markets are being kept very tight be a collection of what might seem like only temporary factors.

But in the case of the butene-1 shortage, for example, (see …

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US Polyolefins Confront Tough H2

Source of picture: www.usaembassy.com

 

 

By John Richardson

THE US poyolefins industry has enjoyed a remarkable recovery since the depths of the financial crisis thanks to major feedstock advantages in polyethylene (PE) and the rebound in the domestic economy.…

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Indian PP producers benefit from strong growth

By Malini Hariharan

Indian polypropylene (PP) demand continues to remain strong with most end-use sectors showing good growth and it is local producers who are catering to the additional requirement.

Polypropylene (PP) demand is estimated to have expanded by 13% …

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Polyethylene And Alice In Wonderland

 

Source of picture: the-office.com

 

 

By John Richardson

A FURTHER illustration of the Alice in Wonderland world of financial investors versus the fundamentals of real demand was provided by the Dalian Commodity Exchange earlier this week.

“Some investment …

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