Archive | February, 2011

Libya’s chemical plants dominated by fertilizers, plastics, PVC

As this ICIS plants and projects list shows (see below), Libya’s chemical manufacturing is based in three locations. The Abu Kammash site manufactures in the chlorine chain, whilst Marsa El Brega produces ammonia, urea and methanol. The Ras Lanuf location includes a 330,000 tonnes/year ethylene cracker.  It is difficult to get information about disruption to […]

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IPIC’s Cepsa acquisition gives it a major European position in phenol and acetone

IPIC’s acquisition of the remaining 48.83% stake in Cepsa gives it a major footprint in phenol and acetone in Europe. It will also acquire an interest in Cepsa’s Canada operations, also listed below. We will try to find out more about what this means for Cepsa’s operations.  Cepsa operates the following manufacturing plants in chemicals […]

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IPIC expands into Europe through Cepsa acquisition

Abu Dhabi’s IPIC has agreed to purchase Total’s 48.83% stake in Spain’s Cepsa, giving IPIC a 100% stake in the company. This consolidates IPIC’s breakthrough into European refining and petrochemicals and is a significant move for the company. Cepsa is big in petrochemicals. More to follow.

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Sibur’s new investor speeds up asset sales, builds stake

I had an interesting interview last week with Sibur CEO Dmitry Konov and the president of “Miracle”, the holding company formed by Leonid Mikhelson who is working towards a 100% takeover of the company. What strongly came across was a determination to keep Sibur separate from Novatek, the gas producer owned by Mikhelson. Longer term he […]

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