Archive | December, 2009

Happy New Year.jpg

2010 – the year of the big bounce

GOOD RIDDANCE 2009! Surviving through the worst economic recession since the Great Depression was no easy task. But the chemical industry is ready to make a comeback in 2010. Sure there are worries. The global banking sector is not out of the woods yet, illustrated by the Dubai World debacle, along with continuing credit deterioration […]

Continue Reading
Silhouette of statue of Jesus Christ at sunset, Rio de Janeiro, Brazil

Chemical industry to change Brazil’s gas demand profile

Brazil’s future LNG requirements could be heightened by plans to upgrade and expand the country’s chemical industry, according to Brazilian industry participants.These plans come in addition to previously reported projects to build gas-fired power generation infrastructure in Latin America’s largest economy, which are designed to cover part a projected annual electricity demand growth rate of […]

Continue Reading

Dubai World debacle could have ripple effect

THE NEWS that government-owned conglomerate Dubai World would seek to delay payments on its debt rocked global financial markets. Bourses plunged worldwide, led by heavy losses in European and Asian banks, which have the most exposure to Dubai World’s more than $60bn in total debt. While the situation has so far been deemed mangeable, the […]

Continue Reading