By John Richardson OIL and gas companies might very well find themselves holding on to what Izabella Kaminska of the FT has aptly called “a trove of financially toxic assets” as a result of the growing, and irreversible, consensus that climate change is man-made. She was basing her phrase on the work of the consultancy, […]
Asian Chemical Connections
European Petchems: Necessity is Again The Mother Of Invention
By John Richardson WHEN has a European cracker gone beyond its useful life? Forty or 50 years? Or maybe if you spend the right amount of money, it can last for a great deal longer. Devoting enough ingenuity and capital on boosting your cracker’s energy efficiency and feedstock flexibility can also secure the future of […]
Nova Chems Company Of The Year
By Nigel Davis The ICIS Company of the year award goes to NOVA Chemicals, a company that has risen phoenix-like from near bankruptcy to produce a healthy set of financial results in 2011. Underlying its performance is the backing of a strong investor – the Abu Dhabi International Petroleum Investment Company (IPIC) – canny management […]
Saudi Private Petchem Cos To Consolidate
A-Jubail in Saudi Arabia Source of picture: www.chemicals-technology.com By John Richardson SOME of the privately-owned Saudi Arabian petrochemical producers could well be forced to consolidate as a result of lack of feedstock for expansions, an industry source told the blog yesterday. The private players in Saudi Arabia are listed on the local stock exchange, but […]