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This is not the time to behave like an Ostrich

The United Nations report on climate change, released last Friday, warned of 50 million made homeless as a result of global warming by as early as 2010.
Reports such as this will serve to pile even more pressure on the …

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Is ExxonMobil taking a gamble?

Will China relax the price controls that have led to wallopping great losses for domestic refiners, thereby justifying ExxonMobil’s Fujian investment?
As we can see from this Bloomberg article, Exxon is pinning many of its hopes on these controls being …

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Oops a daisy, here we go again

A boring topic to harp on about again I know, but this article from my colleague Nigel Davis from the Insight section of ICIS news supports what I have been saying for the past two years.
The industry has overbuilt, …

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The case for investing in Indonesia

Indonesia before 1997 had three cracker projects and huge demand growth. It was mentioned in the same breath as China. And, of course, then came the crisis.
But this year GDP growth could be the highest since the crisis with …

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The flawed art of supply & demand forecasting

A guest blog – see Vanishing Post Boxes on this great blog by the authors of the book Freakonomics put me in mind of all those demand and supply forecasts that are invariably wrong.
Yes, I know I’ve written about …

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I told you so – Reliance firms up Jamnagar cracker

I had a feeling in my bones that Reliance was laying the groundwork for a major project announcement with its endlessly bullish forecasts about the Indian market (see my earlier blog ‘Is India about to crash?’).
And low and behold, …

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Is Thailand heading for the rocks?

A huge amount of petrochemical capacity – some $12bn worth – is being built in Thailand, way in excess of the quantity added before the Asian financial crisis.
This is all predicated on Thailand becoming a manufacturing hub for Southeast …

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Should we now discount Iran’s Olefins No 11, 12 and beyond?

The news that Iran is accelerating its uranium enrichment process brings the country closer to United Nations sanctions and quite possibly a military strike by the US or Israel.
The No 9 and No 10 Olefins projects are far too …

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Basell predicts tough times for polyolefins in 2009-10

Paul Cherry of Basell gave an excellent paper at the recent ICIS Olefins Conference – Download file
Paul offers some hints on how to survive the next downturn, and provides some sobering predictions on operating rates.
I bet that after …

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Global Warming And The Impact On Ethylene

Please read this excellent piece from my colleague Nigel Davis, who is editor of the Insight section of ICIS news.Some further thoughts: if 46% of existing and 45% of future ethylene production is taken offline by flooding, just think of …

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