Archive | February, 2010

Cracker pipeline maps for CIS, Eastern and Western Europe

I’ve just discovered a fantastic set of resources free to download on the Association of Petrochemicals Producers in Europe website. I’ve pasted PDFs of the maps below. Click here for a link to these resources which show the locations of crackers, plus ethylene and oil pipeline networks across the region. I’ve printed the lot and pinned […]

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Turkey’s Petkim seeks partners for petrochemicals expansion

My colleague, Anna Jagger, attended a conference in Vienna, Austria, last week. There she learned that Turkey’s Petkim is seeking partners for a major petrochemicals expansion at its complex near Izmir in western Turkey. Petkim – the country’s main petrochemical major - has suffered decades of underinvestment resulting in a huge polymer deficit in Turkey. The […]

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WHITE-TAILED EAGLES FOUND NEAR ZAKŁADY AZOTOWE PUŁAWY

Enhancing its green credentials, a nest of white-tailed eagles containing a brood of three nestlings has been recently discovered near Polish chemical group ZA Puławy’s discharge canals. According to the company: “It is probably the third nest of that extremely rare bird to be found in the vicinity of the Company’s industrial facilities. The first one […]

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INEOS – MOL share swap offer ends in failure

Hungary’s oil and chemical major, MOL, has been the subject of takeover rumours and bids for many years. Not so long ago there were whispers that the Russians were intent on building a stake in MOL as they sought a foothold further West. A merger with Poland’s PKN Orlen has been on the cards for at least a […]

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Competition concerns for Univar’s acquisition of Quaron

The news that global chemical distributor, Univar, is to purchase Dutch-owned Quaron could raise some eyebrows amongst competition authorities in France, according to Marc Fermont of consultancy Districonsult. He says the merger would leave only two major chemical distributors in France, both with revenues above E500m. As he says, “the French market for industrial chemicals could be moving from […]

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Brenntag IPO draws near?

Here at ICIS we’ve been tracking progress towards an initial public offering for several months. I suspect this may be getting closer, or if not an IPO then some sort of M&A (merger and acquisition) activity. This is because the company has become exceptionally and unusually quiet in recent weeks. Brenntag is usually extremely keen to get […]

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Spolchemie rescue plan presentation

Spolchemie’s general manager, Francois Vleugels, has sent me a Powerpoint presentation detailing his strategy for rescuing the ailing Czech epoxy resin producer. He is presenting this at the World Refining Association’s Global Petrochemicals conference in Vienna this week. As you’ll see, Vleugels’ plan involves steep cost cuts, process optimisation, and major moves to improve the company’s image […]

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Vleugels goes all out to rescue Spolchemie

I’ve just interviewed Czech epoxy resins general manager, Francois Vleugels, about his strategy for rescuing this company which he took over later last year. Vleugels was forced to do a deal with lenders to stop the group going bankrupt. He has put in place a vigorous rescue plan, and has already regained the market share […]

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Top 10 chemical companies 2015

The top 10 chemical companies in 2015 will be dominated by Middle East and Asian players according to global consultancy KPMG. Take alook at their latest white paper on the chemical industry in Europe. The rank assumes historical growth rates will continue. I’ve pulled the list off:Top 10 chemical producers, 2015/16Rank  Company  Country1. SABIC Saudi […]

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Could Poland fertilizer agreement signal a merger?

Zaklady Azotowe Pulawy (ZAP), Poland’s largest fertilizer producer, and Zaklady Chemiczne Police (ZChP), the country’s second-largest fertilizer producer, today signed a business cooperation agreement.With the two groups in the midst of privatisation, I wonder if potential purchasers might look to merge the two groups, with all the consequent savings in overheads. ZAP produces nitrogen fertilizer, […]

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