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Asian Chemical Connections

Singapore’s aromatics binge

By Malini Hariharan Jurong Aromatics Corp (JAC), part of a rare breed of standalone aromatics projects, is finally seeing some progress. At a time when most new aromatic projects are integrated with refinery operations, JAC plans to build a condensate splitter and an aromatics facility to produce 800,000 tonnes/year of paraxylene (PX), 450,000 tonnes/year of […]

Long-term Shift In LPG Cracking Economics

  Source of picture: the truth about cars   By John Richardson WHEN my fellow blogger Malini Hariharan once asked a particularly unhelpful individual who used to track polyethylene (PE) markets what was going on, his only response was “conditions are volatile”. And so as you kick-off this fine and sunny morning (at least it is here […]

Indian PP producers benefit from strong growth

By Malini Hariharan Indian polypropylene (PP) demand continues to remain strong with most end-use sectors showing good growth and it is local producers who are catering to the additional requirement. Polypropylene (PP) demand is estimated to have expanded by 13% to 809,000 tonnes during April-July, reports my colleague Prema Viswanathan on ICIS news. But import […]

Asia awash with aromatics

By Malini Hariharan Excess availability of product continues to trouble Asian aromatics markets. Commissioning of new plants and reluctance to cut operating rates has resulted in a steady build up of stocks over the last few months. Take the case of paraxylene (PX). The spread between naphtha and PX prices has been running below $250-300/tonne, […]

What’s next for Honam?

By Malini Hariharan Honam Petrochemical’s plan to acquire Malaysia’s Titan Chemical could well be the start of the South Korean major’s foray overseas. “Honam will keep looking for other M&A opportunities in the chemicals space,” said a source close to the company. Their interest is not only in basic chemicals but also intermediates and speciality […]

Honam plans Titan expansion

By Malini Hariharan News is trickling in on Honam Petrochemical‘s plans for Titan Chemicals once it completes the acquisition at the end of the year. A source close to the company said that revamping of Titan’s two crackers have been evaluated including expansion of derivatives and building new downstream units at Titan’s Pasir Gudang complex […]

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 […]

Crunch time for Asian polyolefins

By Malini Hariharan August could well be the time for some tough decisions by Asian polyethylene (PE) and polypropylene (PP) producers. Demand has languished for the last three months and although many are hoping for a recovery at the end of this month or in early August, there are as yet no signs of this. […]

India set to announce final ADD on PP

By Malini Hariharan India’s long-running investigation into dumping of polypropylene (PP) from Saudi Arabia, Singapore and Oman is inching to a close. Final anti-dumping duties (ADD) are expected to be announced soon, say industry sources. Affected producers have made their case but are unlikely to escape from ADD. Provisional duties, ranging from $44.40 to $1033.65/tonne, […]

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