On A Very Sticky Wicket www.theage.com.au By John Richardson As one my colleagues said – it’s a good job the US stock markets were closed for Thanksgiving. Lots of efforts are being made to talk the Dubai World crisis and down – and despite drops in Middle East market equities – Asian markets rallied […]
Asian Chemical Connections
Update 2: Reliance Betting On US Competitiveness
He’s not bad at making money Source of picture: www.dealbreaker.com SOME of the logic behind Reliance Industries’ bid for LyondellBasell could be a recognition that the globalisation of petrochemicals markets may have gone into partial reverse. A climate bill passed by the House of Representatives has a provision for taxing imports from countries where emissions […]
Reliance Bid For LyondellBasell Confirmed
Reliance Industries has made an offer for LyondellBasell says an official statement released yesterday on the LyondellBasell website: “LyondellBasell has received a preliminary non-binding offer from Reliance Industries Limited to acquire for cash a controlling interest in the company contemporaneously with the company’s emergence from Chapter 11 reorganization. “This offer is in addition to the […]
“Middle East To Control Basic Chems In 3-5 Years”
Abu Dhabi ahead in the race? Source of picture: www.gulftrackservices.com By John Richardson The global basic chemicals industry is likely to end up under the dominant control of the Middle East, and possibly Asia, within the next 3-5 years, a senior chemicals industry source told this blog. “We have known for a long time that […]
Disappointment in India…speculation on Rabigh
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) The 17 Nov public hearing arranged by the Indian government at Delhi to discuss provisional anti dumping duties levied on PP imports from Saudi Arabia, Singapore and Oman was postponed at the very last minute causing a great deal frustration among lawyers and […]
The more the merrier
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) Sumitomo Chemical and Saudi Aramco appear to be in a generous mood. After successfully launching the first phase of their joint venture and starting work on the second phase the two are willing to welcome others to the Rabigh party. Pic source: Saudi […]
Naphtha Highest Level For More Than A Year
Shelf-space to be in short supply again? Source of picture: www.zrdata.com ASIAN naphtha prices hit their highest level for more than a year yesterday – reaching $701/tonne CFR Japan for second-half December open-spec material on “improved market conditions”. Earlier this week we picked up more reports of bleak demand in styrenics and fibre intermediates that […]
Qatar-Shell Sing Deal Feedstock, Investment Options
Singapore’s Jurong Island Source of picture: www.pcs.com Qatar Petroleum International (QPI) sees Singapore as a good base for expanding in to the Far East, said CEO Nasser Al-Jaidah yesterday after the announcement of the new partnership with Shell. QPI and Shell signed a series of agreements on Wednesday to jointly own 50% of Petrochemical Corporation of […]
Qatar Petroleum buys into Singapore petchems
Just picked up on the interesting news (not sure how big a deal this is) after attending one of those long interminably-long internal planning meetings. But on this occasion we at least were discussing something useful – not just the new colour for the carpet in reception. So why has Qatar Petroluem bought into Petrochemical […]
A fight to the finish
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) The Indian government has announced 17 November as the date for a public hearing to discuss the provisional anti dumping duties that it had imposed in June on imports of polypropylene (PP) from Saudi Arabia, Singapore and Oman. The hearing will give a […]
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