Tag Archives | chemicals

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Poland calls on US expertise for shale gas

Imagine how Central and Eastern Europe’s chemical industry could be transformed if Poland managed to access the massive shale gas reserves which have been discovered in the country.  The region’s chemical sector currently relies for feedstocks mainly on expensive, imported oil and Russian natural gas. Shale gas could give CEE the same, structural advantage currently […]

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Poland prime minister sees bright future in shale gas

Imagine if central and eastern Europe had ample supplies of cheap natural gas, gushing from the ground, and lowering ethane feedstock prices across the chemical sector in the region. Such a pipe dream would surely transform the fortunes of the chemical sector in CEE and further afield, in the same way North America is enjoying […]

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Poland’s ZAT to spend $106m on petchem investments

It’s refreshing to see that money is being invested in updating and expanding chemicals in Poland. So much news coming out of this country concerns the failed privatization process. ICIS news reports that Poland’s Zaklady Azoty Tarnow (ZAT) group will spend up to Zl 300m ($106m, €74.4m) on investments in 2011 with a possible expansion […]

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PVC industry consolidation in central and eastern Europe?

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

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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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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Russia chemical markets on road to recovery

Russia’s economy and chemical industry were hit hard by the downturn, as oil and gas prices plummeted, the main generator of wealth for this country. Oil prices, though faltering slightly at present, have recovered well and with it the economy. Figures I’ve obtained from Andrew Sparshott at consultancy Cirec show much basic chemical production for […]

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Poland’s chemical industry may be hit by currency, feedstock costs

An interesting report, just out, today says growth in the Polish petrochemicals industry could be hindered by the appreciation of the zloty and rising naphtha costs.According to the report, Poland has a position as a regional outperformer owing to its resilient internal demand driven economic model, manageable private sector leverage, robust banking sector and stable […]

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Hope for Czech chemicals as GDP data shows improvement

Analysts forecasts just out suggest that Czech Republic will boast GDP growth of 1.2% in the first quarter (Q1) this year, pointing to a gradual, permanent revival of the economy this year. Construction should lead the recovery, good news for commodity chemical producers in the region.According to the Prague Daily Monitor recovery will be slow, […]

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