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Asian Chemical Connections

India Chems Look For Govt Support

By Malini Hariharan The Indian government is being asked to give a fresh boost to the chemicals industry in the 12th Five Year Plan beginning from 1 April. A working group for the chemicals industry has detailed key measures that the government must take to ensure growth of 12% during the plan period (2012-2017). Top […]

IOC Defers PX/PTA, Proceeds With Acetic Acid, Butene-1

By Malini Hariharan The blog continues with a review of Indian projects. State-owned refinery major Indian Oil Corp (IOC) has deferred its paraxylene (PX) and purified terephthalic acid (PTA) projects at Vadodara in Gujarat state, to post 2015. “The project is on hold because of commercial issues; we are looking at the total PX/PTA picture […]

BP and Indian Oil plan acetic acid jv

By Malini Hariharan Indian Oil Corp (IOC) is looking to set up a second joint venture in petrochemicals, this time with BP for production of acetic acid. The two companies have signed a memorandum of understanding (MoU) to explore the feasibility of a 1m tonnes/year plant in Gujarat state, on the west coast of India. […]

Speculation Drives China Methanol

By Malini Hariharan Methanol continues to be an exception to the general weakness seen in Asian petrochemical markets. Spot prices have crossed $410/tonne in the important China market and could remain firm for the rest of the year. Prices have risen by 11% in the last month. Chinese speculators have been driving up prices as […]

China’s methanol economy

By Malini Hariharan China is well set to take on an even larger role in the global methanol industry. The country already accounts for a little over 40% of demand and its share is set to expand rapidly in the coming years. The blog recently caught up with Ken Yin, the China methanol markets editor […]

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