By John Richardson ALBERT Einstein is widely credited with saying this: “The definition of insanity is doing the same thing over and over again, but expecting different results”. Who cares if it is either paraphrased or he didn’t even say it at all? This is a fantastic quote. For me, what makes this quote so […]
Asian Chemical Connections
China Consolidation? Forget It in Purified Terephthalic Acid
By John Richardson TOO many people still assume that the above kind of chart always leads to capacity closures in any industry that is as oversupplied as purified terephthalic acid (PTA) is in China right now. In 2015, we estimate that China’s capacity will total 4.6 million tonnes/year versus consumption of just 3 million tonnes. […]
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