Nova's CEO, Jeffrey Lipton, has always been the great optimist of the petrochemical industry. As recently as December, he was arguing at the GPCA meeting that "demand forecasts will prove to be too low", and forecasting a shortage of ethylene...
Many Asian companies have been cutting back petchem production in recent weeks. Now TOTAL have become the first to follow suit in Europe, with the announcement that they will shutdown the Carling No 2 cracker for a month from mid-November....
If you use an RSS reader, you can subscribe to a feed of all future entries tagged 'Jeffrey Lipton'. [What is this?]