Tag Archives | Sinopec

The “Why” Behind Sinopec’s Investment Freeze

By John Richardson

SINOPEC has announced that it will halt some of its new petrochemicals investments. This could involve the postponement of up to three cracker projects with a combined ethylene capacity of 2.8m tonnes/year, according to this excellent story …

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China Turns A Corner On Shale Gas

By John Richardson

CHINA has more shale gas reserves than the US, and, like the US six years ago, confronts a dangerous reliance on imported energy.

But the development of the shale industry in China is being hampered by water …

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Sinopec And The Blog’s Favourite Triangle

By John Richardson

ONE of Sinopec’s subsidiaries, Shanghai Petrochemical, has weighed-in to the debate over US shale gas by warning that cheap petrochemicals imports from the States could erode the whole of China’s competitiveness.

“We can’t tell how severe the …

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Sinopec A Litmus Test For Reform

By John Richardson

CHINA’s new leaders are under increasing pressure to do something about the dreadful pollution that blights the lives of hundreds of millions of people.

One Shanghai resident told the blog, “The air quality is so bad here …

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China’s Environmental Balancing Act

A woman wearing a mask looks across the Pudong on 16 January this year

Source of picure: Zuma/Rex Features

 

By John Richardson

A DISPUTE between state-owned refiners Sinopec and PetroChina and environmental regulators serves as a good example of …

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US Support For Big China Shale Gas Challenge…..

……..Significant Commercial Production “At least Ten Years Away”

By John Richardson

A US-China Shale Gas Training Programme has been launched by the independent White House agency, the US Trade & Development Agency (USTDA).

An initial $378,000 will be invested to …

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Tackling The SOEs

“The state advances as the private sector retreats…” The table below shows the size of China state-owned enterprises versus some other corporate giants.

Source of table: The Economist. ICBC is the Industrial and Commercial Bank of China. 

 

By John …

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Multiple Energy Options In China

Source of table: The Economist

 

By John Richardson

WHEN you are an energy giant such as Shell you can afford to explore multiple avenues in an effort to profit from China’s long-term energy needs.

Thus Shell re-affirmed last week …

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US Chemicals Still Behind 2007

 By John Richardson

US chemicals production remains way below its pre-crisis 2007 level but production in Asia-Pacific, after a brief blip in 2009, continues to soar, according to these charts from the American Chemistry Council.

Whereas US producers have carried …

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Northeast Asia PE Weakest Margins

 

Source: ICIS pricing Weekly Asian PE Margin Report

 

By John Richardson

The slide above shows how Northeast Asian naphtha-based polyethylene (PE) producers are struggling as a result of the weak China market (dark blue bars).

And it confirms …

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