The Thai Supreme Court’s decision to uphold a September injunction halting development of $12bn of petrochemical and power projects could affect the on-schedule start-up of capacities of a large amount of petrochemicals capacity. Note the word could because, despite the court ruling supporting claims by environmentalists about the impact of pollution at the site, PTT […]
Asian Chemical Connections
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 […]
Unravelling China’s polyester market
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) China’s immense appetite this year for all petrochemicals has been puzzling many of us. This blog has been regularly asking questions and some answeres for the polyester and PTA markets were provided by YJ Kim of PCI Xylenes & Polyesters at the Indian […]
To Cut Rates Or Not To Cut…
A Famous Ditherer Source of picture: sarafinewordpress.com Chasing higher oil prices and/or a response to the now long-running recovery in Chinese demand that’s become sustainable? Not wanting to sound too much like the start of a famous Shakespeare soliloquy, these are the questions that should be wracking everyone’s brains as they try to figure […]
China and M-E Delays To Offer More Market Support
As this updated table from my colleagues at CBI in China illustrates, cracker-complex delays in China have the potential to further stagger the arrival of new volumes into the market. Chinanewcapacitytable.doc This follows the widespread problems in starting up new capacity in the Middle East. The 800,000 tonne/year Fujian Petrochemical/ExxonMobil/Saudi Aramco cracker is on-stream, […]
Don’t count on Thai project delays
I have been digging a little deeper into the Map Ta Phut issue and it looks like expectations of major delays to projects at the site were a little premature. Construction has not stopped despite a ruling by Thailand’s Central Administrative Court to stop work on 76 projects at the site. The ruling was directed […]
Wearing blinkers is a job requirement
“Take it from me, peripheral vision isn’t all it’s cracked up to be, especially if you want to get a decent annual bonus….” Source of picture: www.whipnspurs.co.nz Here’s a rant for Tuesday – with thanks to Paul Hodges for informing some of the thinking (I’d like to lay credit to certain parts of this…) Purchasing […]
Thai project delays good news for markets, but…..
….what do these environmental issues mean for Thailand as an investment destination? The Map Ta Phut refinery-petrochemicals complex Source of picture: Pattaya News By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) Here’s yet another unexpected project delay that could prop up markets in the fourth quarter. […]
Micro-management gone too far?
micro-management, human resources, APIC, commodity chemicals, CEOs, credit control, financial meltdown
Crikey, did I eat that much?
Pimco, Mohamed El-Erian, financial meltdown, financial rescue package, American Chemistry Council