Archive | December, 2010

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EU emissions trading will hit coal-reliant CEE chemicals industry

The EU’s Emissions Trading System is likely to put the chemical industry in central and eastern Europe under severe pressure and cause widespread shut downs. The third phase of the ETS kicks into action in 2013 and is based on a benchmarking system.  The most efficient 10% of chemical producers will be 100% exempt from […]

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Could chemicals benefit from European shale gas?

Shale gas has helped push the price of US natural gas and ethane to historically low levels, increasing the competitiveness of the chemical industry there. Until now it has seemed that European chemical producers have developed a structural feedstock disadvantage as it relies mainly on naphtha which is tied to oil prices.  Now, according to […]

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Time is ripe for an IPO in London for Russia’s Sibur

Russian chemical giant, Sibur, is controlled and wholly owned by the country’s gas giant, Gazprom. I think it is high time the company was set free and allowed to boost its potential for growth through an initial public offering. An IPO would give it independence and also access to stock market funds, especially if it […]

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Poland chemicals to lead eastern Europe out of doldrums

Poland and Hungary will lead central and east Europe’s chemical industry out of recession, according to a new forecast by Oxford Economics (see below). Although chemicals output fell by around 10% in late 2008, steady recovery since then has led to a peak of 25% growth at the mid point of 2010 (see graph, page […]

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Reach deadline passes uneventfully – the new Millennium bug?

Today – December 1 – marks the start of a new era in European chemical manufacture. From now any companies which have failed to register substances bought or imported over 1,000 tonnes/year with the European Chemicals Agency will be operating illegally in the European Union. In the build-up to this deadline there had been many, […]

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