Tag Archives | shutdowns

Refining the red-headed stepchild

In the Western world, refining is the red-headed stepchild of the oil, gas and petrochemical business. Companies are either selling, spinning off or shutting down refineries – spurred by near-term profitability issues as well as long-term strategic shifts in direction. The desirability, or more aptly the lack thereof, of these assets is highlighted by LyondellBasell’s […]

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BASF moves reflect global chemical manufacturing shift

Nowhere is the global tectonic shift in chemical manufacturing more apparent than in the largest chemical company’s latest restructuring and expansion moves. Germany’s BASF, which acquired Swiss specialty chemical giant Ciba for $5.1bn in April, laid out its massive restructuring plan last week. The bottom line – 23 out of 55 acquired production sites will be […]

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