Tag Archives | chemical

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Poland chemicals privatization to restart in September

The privatization of Poland’s chemical industry may lurch into action again later this year, according to the country’s treasury ministry which gives September for the kick-off.   Since 2007, Poland has twice abandoned efforts at completing the sell-off of substantial state-held assets in its chemical industry, citing unsatisfactory bids. According to ICIS news, efforts at […]

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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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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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ICIS Top 100 chemical companies list out next week

Next Monday 13 September ICIS publishes its annual Top 100 chemical companies listing. 2009 was an incredibly tough year for the industry and the results reflect that. Will there be any new entrants? Will any of the global superstars – BASF, ExxonMobil, Dow Chemical, LyondellBasell Industries, Shell, INEOS, SABIC, Sinopec, DuPont and Mitsubushi Chmical – […]

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Hungary to rely on exports for chemicals recovery

BorsodChem, TVK, MOL and others are in for a tough 2010 as a new report suggests there will be no recovery before 2011. Hungary’s chemical industry has suffered from plummeting domestic demand as well as falling demand from export countries, particularly Germany.According to www.companiesandmarkets.com, 75% of the country’s polymer production is exported. While Germany has […]

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Poland chemical privatization firm ZChP still waiting for bailout

Poland’s largest nitrogen phosphorus potassium (NPK) fertilizer producer, Zaklady Chemiczne Police, is still waiting for a zloty (Zl) 150m ($51.4m, €38.7m) state bail out to be approved by the European Commission.As you can see from the table I recently put together below (click to open), Police is due to be sold by the second half […]

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Enhancing its green credentials, a nest of white-tailed eagles containing a brood of three nestlings has been recently discovered near Polish chemical group ZA Puławy’s discharge canals. According to the company: “It is probably the third nest of that extremely rare bird to be found in the vicinity of the Company’s industrial facilities. The first one […]

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Vleugels goes all out to rescue Spolchemie

I’ve just interviewed Czech epoxy resins general manager, Francois Vleugels, about his strategy for rescuing this company which he took over later last year. Vleugels was forced to do a deal with lenders to stop the group going bankrupt. He has put in place a vigorous rescue plan, and has already regained the market share […]

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New gas agreement gives hope to Poland chemical privatisation

Good news for Poland’s chemical industry this week as a long term gas supply agreement is finally signed off, guaranteeing feedstocks for many chemical firms there. Lack of an agreement could have threatened the privatisation of the country’s second-largest Polish fertilizer producer Zaklady Chemiczne Police (ZChP), and others currently under offer.According to ICIS news, Under […]

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