In my previous post, I talked about the collapse of the Doha round of trade negotiations and how this didn’t auger well for a new global agreement for setting greenhouse gas-emission limits and a worldwide price on carbon. The chemicals industry needs clarity. A global price for carbon would enable companies to plan R&D investments […]
Asian Chemical Connections
Why the Doha failure is bad
The failure, and quite possibly the death, of the Doha round of trade negotiations earlier this week could create a very confusing and erratic regulatory landscape for the chemicals industry. This excellent entry in the New Scientist environment blog by Fred Pearce, senior environment correspondent, makes the point that if the world cannot agree on […]
China earthquake tragedy
An overused word – tragedy – but the events of the last week justify the description. But what a relief that the Chinese government has reacted so promptly and so efficiently, in complete contrast the callous incompetence of the thugs who run Myanmar. Worth clicking through to ICIS connect – our chemicals industry community forum […]
How do you account for the externalities?
Economists refer to externalities as those factors that can influence growth but that are beyond the influence of humans to determine. As ar result, the members of this esteemed profession tend to ignore externalities. If we’ve left it too late on the environment, then the environment is clearly such an externality that could limit demand […]
Balancing economics with the environment
Recent comments by An Qiyuan, chairman of the Chinese People’s Political Consultative Committee for Shaanxi, warned of the environment and social catastrophe facing the northwestern province of China because of a shortage of water. He was referring to the diversion of water from Shaanxi to Beijing ahead of the Olympics and hydroelectricity plants which he […]
Life gets more complicated for methanol
In the good or maybe the bad old days depending on your standpoint, methanol was a fairly straightforward product. You had chemicals demand and that was more or less it. But as the extended analysis below explains, chemical producers who use methanol as feedstock have to factor in direct blending of gasoline into methanol, DME, […]
Will Dow ever crack India?
The two big gaps in the US major’s Asian presence (and gaping gaps they indeed are) are cracker complexes in India and China. China could be fixed through the alliance with PIC – meaning, Dow has leverage to get a license to build a naphtha cracker complex by offering crude supply through its new jv. […]
Bali doesn’t go anywhere near far enough
At least the US is on board, but the pact to reduce emissions by 25-40 per cent by 2020 might well not be sufficient to prevent the 1.5 centigrade rise in global temperatures that will be disastrous for the planet. In another excellent article from George Monbiot of The Guardian, he argues that we need […]
Asia needs a recesssion
Asian industry leaders are playing lip service to the environmental crisis the world confronts . George Monbiot, the excellent author and journalist, argues that what the West needs is a recession to give the planet a breather.Asia also needs a substantial economic slowdown to give policymakers and technology developers more time.
Asian biofuels face a big crisis
After all the optimism, all the hype and a lot of investors’ money, the industry has shot itself in the foot by failing to build demand ahead of supply. Plus the negativity caused by food versus fuel and environmental counter-arguments to supporting this current generation of technologies is making some Asian governments hesitate on providing […]
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