By John Richardson THERE is an important connection between this week’s announcement by Saudi Aramco and SABIC of an MoU for a direct oil-to-chemicals complex and the Tesla Semi electric truck, which is being trialled by DHL and other logistics companies. To fully understand this link, let’s first consider the wider context behind the Tesla truck […]
Asian Chemical Connections
The US And China: Saudi Arabia’s Big Picture Oil Strategy
By John Richardson THE above chart should tell you a great deal of what you need to know about Saudi Aramco’s interest in buying the LyondellBasell Industries (LBI) refinery that’s located in the Houston Ship Canal in the US: Between January 2007 and October of this year, the Eagle Ford shale-oil field in Texas will have seen the efficiency […]
Saudi Arabia’s “Vision 2030”: What It Means
Demand: The New Direction for Profit By John Richardson SAUDI ARABIA’S “Vision 2030”, which was released on Monday, underlines what has been clear from government statements for a long while – that the Kingdom knows it has to move beyond just exporting crude oil. It needs to break what Saudi Deputy Crown Prince Mohammed bin Salman has […]
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