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 …
Tag Archives | Dow Chemical
Dow and DuPont Make Major Job Cuts
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 …
Saudi Aramco, Dow, Shell, IEA To Speak At Berlin Conference
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 …
Saudi Arabia’s New Export Challenge
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, …
Dow: China GDP Growth 3-5 Percent
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,” …
Dow Sees China Growth Acceleration
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 …
Petchems And The Non-Profit Motive
By John RichardsonAS 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 them …
Conventional Thinking Revisited
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 …
The Risks For US Petchems
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 …
Middle East builds downstream
By Malini Hariharan
After years of making money in basic petrochemicals the Middle East focus has firmly shifted to downstream chemicals, a topic that is being discussed in great detail at this year’s GPCA forum being held in Dubai on …