The news that Iran is accelerating its uranium enrichment process brings the country closer to United Nations sanctions and quite possibly a military strike by the US or Israel. The No 9 and No 10 Olefins projects are far too progressed to be cancelled – the plants are virtually complete and the only issues remaining […]
Asian Chemical Connections
Iran could stop exporting oil by 2015
Quota cheating, lack of investment in oil infrastructure and incredibly low domestic gasoline and other oil-product prices mean that Iran could be forced to exit oil export markets by as early as 2015, according to Roger Stern of John Hopkins University. The government would be under threat if local prices were jacked up. Cutting back […]
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 […]
If you think you’ve had a bad day at work….
……spare a thought for whoever at Formosa ends up carrying the can for perhaps the biggest blunder in the history of petrochemicals. Any other candidates?
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