By John Richardson
A MAJOR political battle is taking place in the US over the future of the booming natural gas industry which could well have major implications for the country’s petrochemicals industry.
There was angry reaction from Dow Chemical …
Source of picture: Wikimedia Commons
By John Richardson
EIGHTY percent of Saudi Arabian families get by on incomes of less than $3,300 a month, whereas Saudi Aramco makes $900m of profits every day, says Leslie McCune, managing director of the …
Dupont’s Ellen Kullman
By John Richardson
Dow Chemical’s decision to cut 2,400 jobs, as it posted a 32% drop in earnings per share, was the result of what CEO Andrew Liveris said was difficult conditions that “may have extended …
Next month’s World Aromatics conference is a must-attend event for anyone involved with the industry.
It features an impressive line-up of major players, including Saudi Aramco, the world’s largest oil company, as well as Dow, Shell and the International Energy …
Source of picture: Indiaagrifarms
By John Richardson
Saudi Arabia continues to pursue its vision of adding social value to its hydrocarbon reserves by creating jobs. This involves going further downstream from basic petrochemicals.
“The Ministry of Petroleum has said, …
By John Richardson
DOW Chemical’s Andrew Liveris has changed his views on China as a result of an economic slowdown that seems to have taken many people by surprise.
“China’s economy has continued to decelerate as European exports suffered,” …
By John Richardson
DOW Chemical CEO Andrew Liveris said in an earnings call, following the release of the company’s Q1 results: “China is stabilising and growth is likely to accelerate later this year as their government keeps shifting its policies …
By John Richardson
AS the US contemplates raising its ethylene capacity by up to 29 percent by 2017, we would be fascinated to know whether the companies involved in these proposed expansions, and the “cheer leader” chemical industry observers spurring …
By John Richardson
CONVENTIONAL thinking is that when you have a strong feedstock advantage, you should go ahead and build more petrochemicals capacity on the assumption that growth will eventually be sufficient to absorb volumes.
Hence, several more green-field crackers …
By John Richardson
THE US petrochemicals industry might be in danger of being lured into old thinking about the future direction of the global economy as a result of abundant shale gas.
Despite the short-term markets gloom which we …