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Asian Chemical Connections

IOC moves ahead with Panipat cracker

By Malini Hariharan Commissioning activity at Indian Oil Corp’s (IOC) new cracker and derivatives complex at Panipat, India, is progressing well, according to a company source. Operations at the new 857,000 tonnes/year cracker have started. “Onspec propylene is in the storage tank and ethylene is expected in a day or two,” he said. Among the […]

Speed Of China’s Growth Triggers New Official Warning

By John Richardson The chairman of China Construction Bank has spoken about the dangers created by China’s GDP (gross domestic product) expanding by more than 9.5% in 2010, which, according to many analysts, seems highly likely: GDP is estimated to have risen by 11-12% in Q1. “It (too-rapid growth) will mean more duplication of construction, […]

Formosa awaits approval for big expansions in China

By Malini Hariharan In a research note released today, UBS has highlighted plans by Formosa Chemical and Fibres (FCFC) for major expansions at Ningbo, China. The Taiwanese petrochemicals major is in the process of getting Chinese government approval for a new 1.5m tonnes/year PTA plant, a 200,000 tonnes/year PS unit and a 150,000 tonnes/year ABS […]

Bright Future Predicted for Saudi Private Cos

           Riyadh Source of picture: help.berberber.com   By John Richardson PRIVATE Saudi Arabian petrochemical companies need not fret about the ethane-gas shortage that two sources had last week told us would hold up their development, according a third industry source we spoke to today, who is based in the Middle East. “The private companies I’ve spoken […]

No More Gas For Saudi Private Cos – Industry Source

Ras Tanura in Saudi – private companies bunkered by feedstock shortage? By John Richardson The gas feedstock shortages in Saudi Arabia – which we have commented on before – are such that no private company will receive any allocations in the future, claimed an industry source. “It’s only going to be for Saudi Aramco and […]

US-China Yuan Row And The Threat To Chemicals

  Source of picture: The China Daily   By John Richardson THE outcome of the row between the US and China over the value of the Yuan has the potential to bring to an end a tentative and highly unbalanced global economic recovery, economists and chemicals industry sources have told the blog. If the US […]

Saudi Feedstock Pricing May Change Next Year

What’s the gas? Source of picture: wwww.arabianoilandgas.com     By John Richardson SAUDI Arabian feedstock pricing arrangements for ethane, liquefied natural gas (LPG) and naphtha could change in 2011 – affecting the competitiveness of existing and future investments, two well-placed sources have told this blog. Ethane is currently still priced at around 75 cents/mBTU and […]

Asia’s Polyester Producers Get Greedy

By John Richardson THE current glum mood in the Asian fibre intermediates chain is in stark contrast to the optimism in polyolefin and other petrochemical markets. A broad-based price rally has occurred following the end of the Chinese New Year (CNY) holidays belying fears, for the time being at least, that China’s credit tightening will […]

Dear Mr Ambani – or can I call you Mukesh?…..

    Source of picture: http://www.twelveatthetop.uku.co.uk/page18.htm     …I see from this news report – – that you have denied claims of your interest in buying Liverpool Football Club. If, perhaps, you do have any interest in buying an English football club may I turn your attention slightly eastward to the wonderful city of Leeds […]

Benzene: What Lies Beneath

A Ring of Truth? Source of picture: http://web.pdx.edu/~nathanh/benzene/benzene2.gif   By John Richardson TUMBLING Asian benzene prices are being blamed on weaker crude, itself a reflection of macro-economic worries over higher-than-expected US jobless figures, government debt problems in the Euro zone and tighter credit in China. “It’s not a question of whether, but when the secon dip […]

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