Archive | January, 2011

Stock market float planned for Poland chemical groups

The sorry tale of failed privatizations in Poland’s chemical industry is a familiar one to anyone with an interest in that region. After the collapse of the tender process for top fertiliser and melamine producers Zaklady Azotowe Pulawy (ZAP) and Zaklady Chemiczne Police (ZChP) we now learn that the government is considering another attempt, but on […]

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Middle East set to increase ethane feedstock prices

The era of massive feedstock cost advantage for the chemical industry may be coming to an end. According to a report out today from bank HSBC, a review is expected to gradually push natural gas prices up from $0.75/mmbtu up to $2/mmbtu by 2015.  With US natural gas prices falling to around $4mmbtu thanks to […]

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Exploding domestic water supplies blamed on shale gas extraction

Shale gas is proving to be a massive bonus for the US chemical industry, heralding an era of cheap ethane feedstocks disconnected from global oil prices. There is exploration going on in Europe, but it is proving to be controversial amongst environmental campaigners.  A report on this morning’s UK Radio 4 Today programme highlighted the […]

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INEOS proves itself a winner through China deal

The leaders of INEOS have once again proved themselves to be clever and innovative in seizing opportunities for growth and the reshaping of their company in both oil and chemicals.  The new deal with PetroChina and parent group China National Petroleuem Corporation (CNPC) gives the company access to the all-important Chinese market. It also reduces […]

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Petkim plans hail better future for Turkey petrochemicals

With a stable and fast-growing economy which held up well during the downturn, Turkey should already have a burgeoning chemical sector. But the country has been running a huge polymer deficit for many years thanks to decades of underinvestment in the country’s national champion, Petkim.  But since successful privatization, Petkim has made bold plans to […]

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Sibur stake is sold to owner of gas group Novatek

Rather out of the blue, Sibur owners Gazprombank have sold a 50% stake in the Russian petrochemical major to a company controlled by Leonid Mikhelson, CEO of Russia’s second-largest gas producer Novatek. Mikhelson has the option to boost this to 100%.  What this means for Sibur is anyone’s guess though Novatek would probably be a good […]

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