By John Richardson NO SMOKE without fire? Perhaps, as there more and more reports that China will buy into next year’s Saudi Aramco IPO.. This would further cement already strong economic and geopolitical ties between China and Saudi Arabia. It was Reuters that first reported back in April that China was interested in buying into Aramco […]
Asian Chemical Connections
Does the industry need more PTA?
By Malini Hariharan The impending oversupply in purified terephthalic acid (PTA) and likely problems in securing feedstock paraxylene (PX) does not seem to have dampened enthusiasm for new investments, Around 10m tonnes of PTA capacity is expected to come on stream from the third quarter of 2011 to late 2012, while another 12.9m tonnes of […]
Kuwait plans another cracker
By Malini Hariharan Despite doubts about availability of gas, its cost and viability of using naphtha or other feedstocks, companies from the Middle East are continuing to plan new petrochemical projects. The latest is Kuwait’s Petrochemical Industries Co (PIC) which is looking to invest $5bn in a new 1.4m tonnes/year mixed-feed cracker and derivatives complex. […]
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