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Asian Chemical Connections

Dow fit with Reliance makes the most sense

Reliance is building the world’s first cracker that will be entirely fed by off-gas from its huge refinery expansion at Jamnagar. This technology has been used before, but never on this scale because nobody has had enough refinery capacity to run a cracker 100% on very cheap off-gas. The Dow strategy includes looking for cheaper […]

Oops a daisy, here we go again

A boring topic to harp on about again I know, but this article from my colleague Nigel Davis from the Insight section of ICIS news supports what I have been saying for the past two years. The industry has overbuilt, and despite all the optimism engendered by project delays and probably cancellations in Iran of […]

Oh my goodness, when will it end?

We heard about this rumour last year, but it’s emerged again – Reliance is now said to be in advanced discussions for acquiring Nova Chemicals. Nova’s Alberta-based cracker and PE production might be attractive because of pretty competitive, locked-in gas prices, but would Reliance really want its styrenics business – the asset that’s officially on […]

Could Pride Come Before A Fall?

This article from Reuters highlights the danger of overpaying for assets in the current India M&A frenzy.Perhaps its point about the overall of over-confidence is valid, especially given that previous deals were small scale. Other Indian companies, following Tata Steel’s lead, are starting to bid the big league. Integrating small acquisitions to add value is […]

I told you so – Reliance firms up Jamnagar cracker

I had a feeling in my bones that Reliance was laying the groundwork for a major project announcement with its endlessly bullish forecasts about the Indian market (see my earlier blog ‘Is India about to crash?’). And low and behold, last week we saw the Indian major firm up its long-rumoured plans for a new […]

Reliance predicts a big India polymer deficit

The optimism seems infectious: Reliance’s market capitalisation breached the RS3 trillion level today, placing the giant in an elite group of only three Indian companies.And the petrochemicals major is predicting 12.59m tonnes of polymer demand in India in 2011-12 with local supply at slightly below 8m tonnes/year. The forecast big deficit is based on a […]

Prepare for a legislative flood

Global leaders from the Group of Eight rich nations plus Brazil, China, India, Mexico and South Africa have agreed that developing countries will have to face targets for cutting emissions as well as developed countries.If these noble words are followed by action, prepare to be legislated against. I wrote yesterday about Rex Tillerson and his […]

Global Warming And The Impact On Ethylene

Please read this excellent piece from my colleague Nigel Davis, who is editor of the Insight section of ICIS news.Some further thoughts: if 46% of existing and 45% of future ethylene production is taken offline by flooding, just think of the impact on food pricing and distribution and the resulting social and economic chaos due […]

The Chemical Industry Blame Game

Produce too little energy over the next 35 years, says the International Energy Agency in this article from the Guardian Weekly, and there will be price hikes and a financial crash; produce too much and the increased rate of global warming will also result in economic disaster. The rest of the article leaves you with […]

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