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Asian Chemical Connections

It Is Now Down To Seven Guys In A Room

 Source of picture: China Daily   By John Richardson The famous investor, Jim Chanos, warned three years years ago that the West places an inordinate amount of trust in “nine guys in a room” (i.e. China’s Politburo Standing Committee) getting it right. Since last year’s leadership transition that trust now needs to be placed in just […]

China NPC Underlines Inflation Focus

The course of true love never runs smooth…..Happy China couples get divorced and then plan to remarry in order to avoid new property tax Source of picture: Quirky China News/Rex Features   By John Richardson China will see “large inflation pressure in the second half of the year,” said a People’s Bank of China official on the […]

China Coal Cap: What It Means For Chems

By John Richardson IF China’s decade-long focus on coal-fuelled heavy industry is really coming to an end, as this article in The Sydney Morning Herald suggests, then the prospects for further approvals of coal-to-olefins (CTO) projects seem very bleak indeed. “In the first 12 years of this millennium, China increased annual coal use by a […]

Reassessing China Petchem Projects

By John Richardson Methanol-to-olefins (MTO) projects in China are subject to more disagreement over viability than any other group of petrochemicals investments, said HSBC in a report released last month. HSBC, for example, takes a pretty negative view of the economics of MTO projects. This applies both to planned investments based on locally-sourced coal – […]

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