By John Richardson POLYOLEFIN end-users in China and Southeast Asia began to re-stock in significant numbers last week on anticipation that supply is going to remain tight for the next few weeks at least, the blog has been told. “There was a feeling among the converters that because of scheduled maintenance work in August and […]
Asian Chemical Connections
Lotte’s Indonesian gamble
By Malini Hariharan South Korea’s Lotte Group, parent company of Honam Petrochemical, is making yet another bold move. After acquiring Malaysia’s Titan Chemicals last year, Lotte has set its sights on a major petrochemical project in Indonesia. “We will start the feasibility study to develop a petrochemical project in Merak, Banten province, this year. The […]
Polyolefin numbers – Part 2
By Malini Hariharan Its not just China and India that have posted healthy demand numbers for last year. Vietnam maintained double-digit growth in polyethylene (PE) and polypropylene (PP) last year, driven mainly by the local food packaging sector, reports ICIS pricing editor Bee Lin. PE consumption increased 27% to 800,000 tonnes while PP demand was […]
Asian Inflation And Vietnam Polyolefins
Guess who’s coming to Christmas dinner Source of picture: biology.ucf.edu By John Richardson THE widespread problem of surging inflation in Asia ex-Japan is a major threat to petrochemicals demand growth in 2011. Governments need to put the brakes on to prevent economies from overheating. But the problem is that raising interest rates could […]
The LPG Cracking Myth Debunked
We are deeply ashamed of ourselves…. By John Richardson AT the risk of boring you completely senseless let us once again return to the subject of liquefied petroleum gas (LPG) and its likely usefulness as a cracker feedstock over the coming years. The reason why we keep going on and on about this subject […]
No Going Back, But Don’t Expect Smooth Ride
Cloth nappies?….you have to be kidding Source of picture: babygavin.com By John Richardson IT IS the biggest transformation that the global economy has probably ever undergone, resulting in numerous opportunities and challenges for the chemicals industry as emerging markets continue to boom. The obvious opportunity is for those who can meet […]
Abandon Fear And Plan For The New Utopia
Michael Corleone once told his fiancee, “The old way of doing things is over – even my father knows that. In ten years time, the Corleone family will be entirely legitimitate” and ten years later he was still killing lots of people. So beware of what follows… Source of picture: www.i-italy.com By John Richardson […]
Chandra Asri And TriPolyta To Merge
By John Richardson The consolidation talked about in Indonesia for more than ten years – that between cracker operator and polyethylene (PE) producer Chandra Asri and polypropylene (PP) producer TriPolyta – is finally set to happen by January next year. Now it will be up to the companies to make the synergies work with the most […]
Honam Set For Further Buys After Titan Deal
The layout of the Pasir Gudang complex Source of picture: Titan Chemicals By John Richardson and Malini Hariharan HONAM Petrochemical’s plan to buy Malaysia’s Titan Chemicals for $1.5bn – which was announced today – is likely to be followed by further buys, including a refiner, an industry observer has told the blog. “I am […]
Indonesia is back on the projects scene
By Malini Hariharan After a decade of inactivity since the Asian financial crisis, Indonesia is once again drawing attention. Two news reports indicate that companies are evaluating major investments in refining and petrochemicals. Taiwan’s Chinese Petroleum Corp (CPC) is said to be planning a $2.8bn petrochemical complex at Kalimantan in Indonesia. Indonesia’s Coordinating Ministry for […]
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