Tag Archives | MEG

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MEG Continues To Struggle

By John Richardson

THE above chart is a further illustration of what we believe is the wrong consensus view over China.

Q1 2012 mono-ethylene glycol (MEG) imports surged by 30% compared with the same period last year, as traders bet …

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PX Goes Green

By Malini Hariharan

Work on commercialising a green route to paraxylene (PX) purified terphthalic acid (PTA) and other aromatics is speeding up.

US companies are at the forefront of recent developments. Virent is looking to produce a sugar-based ­aromatics stream …

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China Polyester Chain Weakens

By Malini Hariharan

The polyester chain is feeling the strain of poor Chinese demand.

Weak export demand and Chinese government policy are also impacting this sector, as is the case in polyolefins.

A further factor behind the problems in the polyester …

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Honam’s next expansion

By Malini Hariharan

Honam Petrochemical’s plans for Indonesia appear to be progressing.

Company sources told ICIS news yesterday that a feasibility study is underway for a $4-5bn petrochemical complex in Southeast Asia with Indonesia the most likely location. The study …

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China coal-based MEG moves ahead

By Malini Hariharan

China’s second coal-based monoethylene glycol (MEG) plant is due to start in the second half of 2012, reports ICIS news.

The plant, located in Hebi, Henan province, will have a capacity of 250,000 tonnes/year and will be …

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Polyester still booming

By Malini Hariharan

The blog has been listening to some interesting presentations on the polyester chain at the Indian Petrochem – 2011 conference in Mumbai.

The global economic slowdown does not appear to have dampened prospects for polyester demand.

“Demand …

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Q2 setback for Korea

By Malini Hariharan

The margin pain experienced in Asia in the last quarter is clearly evident in the recently released results by South Korean majors Honam Petrochemical and LG Chem.

Honam’s operating profit for Q2 declined 36.8% from the previous …

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Cotton corrects; will polyester follow?

By Malini Hariharan

After last year’s stunning rise, cotton prices have plunged 53% in the last four months from a 140-year peak of $2.15/lb on 4 March.

Prices have fallen 38% in July with cotton for December delivery quoted at …

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Shell Firms-up Interest in New US Capacity

By Malini Hariharan

Shell Chemicals has become the latest entrant to a steadily growing list of companies looking at new cracker investments in the US.

As we wrote about last week, Shell Chemicals told us in an interview at the …

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MEG reacts to Taiwan developments

By Malini Hariharan

Spot monoethylene glycol (MEG) markets have quickly reacted to news that Nan Ya Plastics, an affiliate of the Formosa Plastics Group, has been ordered by the Taiwanese government to shut down two plants.

Prices surged by $15-30/tonne …

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