Entries from Asian Chemical Connections tagged with 'aromatics'
More Than Just Absence Of "Animal Spirits"
By John Richardson THE blog held a full day of discussions with our ICIS China price reporting team in Shanghai (we will provide a lot more details next week) and the story was consistent: *Government policy to rein-in liquidity, most...
China set for aromatics expansion
By Malini Hariharan China is preparing to bring onstream huge capacities for aromatics this year. Nearly 1.7m tonnes/year of toluene capacity is due to be added, writes Dolly Wu in the latest issue of ICIS Chemical Business. The major projects...
Middle East looks overseas for growth
By Malini Hariharan The US shale gas buzz is now drawing Middle East companies with Sabic's CEO revealing yesterday that the company is considering investing in a US cracker. Sabic would pursue the US cracker on its own or with...
Fresh US sanctions to target Iran petchems
By Malini Hariharan The US is looking to introduce fresh measures targeted at the petrochemicals industry. The specifics of the new sanctions are not yet available but the goal, says this report, is to bar foreign companies from doing business...
Petro Rabigh phase 2 and Aramco's ambition
By Malini Hariharan Petro Rabigh, the Saudi Aramco and Sumitomo Chemical joint venture, has moved to the next round of its ambitious phase 2 expansion which includes a new aromatics facility and a number of value-added derivatives. Construction tenders for...
Consolidation Thai style
By Malini Hariharan The long-awaited merger between PTT Chem and PTT Aromatics (PTTAR) was finally announced last week. A presentation made to financial analysts gave details on what the merged entity will look like, planned synergies and opportunities for growth....
Total waits for Qatar to decide
By Malini Hariharan Qatar Petroleum seems to be in no rush to sign up a foreign partner for its next cracker project. With doubts about ExxonMobil's participation, the field has narrowed to Total Petrochemicals and Shell. Total's proposal for a...
PTT merger delayed yet again and Map Ta Phut tops new minister's agenda
By Malini Hariharan A merger of PTT Aromatics and Refinery (PTTAR) and IRPC has once again been postponed to early next year due to concerns about legal issues and the business outlook, reports to Bangkok Post. The legal concerns relate...
Aromatics get complicated
By Malini Hariharan Asian aromatics markets are getting increasingly hard to read not merely because of volatile crude prices. Demand, usually strong at this time of the year, has so far failed to materialise. The US gasoline season has...
Refinery closures - how many and how fast?
By Malini Hariharan Many Asian aromatics producers are optimistic that the worst is over and a gradual improvement in global demand coupled with firm Chinese demand will help them through 2009. There is also the expectation that a pressure on...
Asian Aromatics Crawl Towards Post-Chinese New Year
A roar or a whimper? Source of picture: http://break4fun.zarke.net By John Richardson THE ASIAN aromatics market has had "both its legs chopped off below the knees, and has also had its proverbial hands broken," said an Asian-based petrochemicals consultant...
China Latest Credit Tightening Blow To Chemicals
By John Richardson CHINA'S decision to temporarily halt lending by some banks - which was announced yesterday - as it attempts to further cool the economy will likely have a significant effect on chemicals demand and pricing. This follows last...
The more the merrier
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) Sumitomo Chemical and Saudi Aramco appear to be in a generous mood. After successfully launching the first phase of their joint venture and starting work on the second...
Benzene the barometer?
Source of picture: Wikipedia Because benzene has so many end-uses it's widely seen as a pretty good barometer for the overall health of the industry. As C6 led the recovery last time are recent declines a sign of another...
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