PVC industry consolidation in central and eastern Europe?

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Within the past few days the CEO of Hungary’s BorsodChem has restated his intention to sell or joint-venture out the company’s 365,000 tonne/year PVC operation. Poland’s PKN Orlen is also seeking a buyer for subsidiary Anwil, which has a 435,000 tonne/year PVC plant as well as a nitrogen fertilizer business. I sniff an opportunity here for […]

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Improved outlook for construction chemicals in CEE and CIS

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A new report by data group Frost & Sullivan suggests construction chemicals suppliers should encounter buoyant markets in central and eastern Europe (CEE) and in the Commonwealth of Independent States (CIS) for several years ahead. COnstruction took a massive hit in CEE during the downturn with many projects grinding to a halt or never breaking […]

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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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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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