Archive | March, 2013

The ICIS Kavaler Award, sponsored by The Chemists’ Club

ICIS Chemical Business and The Chemists’ Club are launching a new unique global chemical industry award. The ICIS Kavaler Award, sponsored by The Chemists’ Club, will recognize one CEO or senior executive for outstanding achievement and excellence each year. The key distinguishing feature of this award is that the winner is selected by his/her peers […]

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Mardi Gras for US petrochemicals

Interesting comments from Wells Fargo analyst Frank Mitsch attending the IHS Global Petrochemicals Conference in Houston, Texas, which had record attendance of around 1,200. “The mood is rather jovial, with every other sentence containing shale gas and cheap ethane,” said Mitsch. “The Middle East, long thought to be advantaged, is having to shift its slate […]

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Downstream partnerships can take advantage of US shale

Non-US chemical companies may feel like they’re on the outside, looking into the shale gas party. But there’s an opportunity for these firms to take advantage of cheap shale gas feedstocks – through downstream partnerships. There are already plans to build 7 new world-scale crackers in the US. That combined with expansions of existing facilities […]

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A geographic disconnect

There is an interesting disconnect between how players in one geography view conditions in another, and how local players see their own market dynamics. For example, major European chemical companies have a rather optimistic outlook on growth in China and Asia, pinning their hopes on the region to drive earnings growth in 2013 and beyond. […]

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US ethylene and PE margins headed for a record in Q1

It’s going to be a bonanza in the first quarter for US ethylene and polyethylene producers using ethane/propane feedstock. Buoyed by abundant natural gas liquids (NGL) production from shale gas, margins are headed for record highs, even as spot ethylene prices come off a bit, noted Susquehanna International Group analyst Don Carson. “With increases in […]

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