We had visitors in the ICIS office a few days ago from a big new pan-European multi-product privately owned petrochemical company. We drank coffee together and talked about the structure of their company versus the structure of ours. It was a friendly and constructive meeting in the spirit of Glasnost, but I’m not going to mention their company name here, because there is still a culture of fear amongst some major chemical companies about being named in print, no matter how harmless the context.
At ICIS we respect all information given to us in confidence, but when news is already out in the public domain, then that will be reported with as much detail as can be confirmed.
There are, in fact, very few companies which are forbidden to confirm news reports, at least through their press offices.
When it comes to plant shutdowns, news generally comes out through the plant’s customers, or co-producers, and most producers are prepared to give their version of events to ensure that they are correctly reported, along with the right company name, location and capacity.
Is naming companies in production news a good thing? Post a comment here.