Archive | August, 2010

ICIS Top 10 CEE/Russia chemical company list: help!

I am compiling the 2010 ICIS Top 10 central and eastern Europe/Russia chemical companies list and I need your help! Please visit the spreadsheet I’ve set up and let me know if I am missing any companies. This list is based on the 2009 list.  These are the companies included so far: SIBUR, PKN ORLEN, […]

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Nabucco withdraws plan for link to Iran

The Nabucco natural gas pipeline project will will no longer link to Iran, the consortium for the multi-billion Euro European/Asian network said this week.   In a statement it said:  ”The shareholders agreed on a modification of the feeder line concept. Two feeder lines were confirmed and the respective engineering works were ordered but due to […]

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Could Univar IPO be on the rocks as CVC plans to sell debt?

The intelligence site Debtwire  reports today that investors in Univar are trying to block moves by majority owner, CVC Capital Partners, to offload a large tranche of its debt. The move would effectively give the unnamed investor a 45% stake in Univar, according to the report.   If Univar did pull out of the IPO, […]

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Merger of Uralkali and Silvinit could create new global champion

Russia is moving closer to creating a new national fertilizer champion, with Russian metals magnate Suleiman Kerimov’s Uralkali and Silvinit, Russian potash producer, expected to merge in the near future, according to rt.com. Kerimov bought a controlling stake in agro-chemicals giant Uralkali, and now two offshore firms, that are believed to be close to Kerimov, have […]

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Ciech seeks bail out from EBRD

The European Bank for Reconstruction and Development (EBRD) is becoming a friend of the chemicals industry in CEE and Russia. It recently agreed to bail out RusVinyl, the 330,000 tonnes/year PVC project, part owned by BASF, Sibur and Solvay.  Now Poland’s largest chemical group, Ciech, has applied for long-term financing from the EBRD to help […]

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ICIS pushes into Russia polymers with MRC joint venture

In addition to the weekly market analysis magazine ICIS Chemical Business, ICIS is a major provider of benchmark chemical pricing data. This fast-expanding division is now pushing into Russian polymers through a joint venture (jv) with specialist benchmark price provider MRC. A quick search shows just how relevant MRC will be for ICIS. In addition to […]

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INEOS terminal could allow Middle East ethylene into Europe

I’ve been writing a lot recently about the feedstock disadvantage naphtha-based European chemical producers have over Middle East and US ethane consumers. In the long term this could have a severe impact on chemical production here. So the news that INEOS is going to build a 1m tonne/year ethylene terminal at Zwijndrecht, Belgium, raises some […]

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