By Malini Hariharan Formosa Petrochemical Corp’s problems are mounting after two accidents in less than a month at its refinery and petrochemical site in Mailiao, Taiwan. Wu Den-yih, the country’s premier was at the site last week and ordered an investigation report to be submitted on 6 August. And in a bid to reassure residents […]
Asian Chemical Connections
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 […]
BMS Plans New Asia Polycarbonate
By John Richardson Bayer Material Science (BMS) has announced plans for a new polycarbonate ((PC) plant in Asia in another sign of confidence that the chemicals industry, despite major macro-economic threats, is continuing to benefit from the continent’s soaring growth. BMS will make a decision on whether to build a new polycarbonate plant either […]
PTT merger delayed yet again and Map Ta Phut tops new minister’s agenda
By Malini Hariharan A merger of PTT Aromatics and Refinery (PTTAR) and IRPC has once again been postponed to early next year due to concerns about legal issues and the business outlook, reports to Bangkok Post. The legal concerns relate to the country’s competition law and outstanding lawsuits filed by Prachai Leophairatana, the founder of […]
China Polyolefins – A Bad Case Of Indigestion
By John Richardson IT IS always dangerous to assume that the future will be exactly the same as the past – a big lesson from the recent financial crisis. But so seems to have been the assumption amongst China’s polyolefin traders late last year as a close look at import statistics for December and January, […]
China Polyolefin Buyers Smell Blood……
…..but time to party for some thanks to re-exports to Brazil Source of picture: edgsgonesouth.com By John Richardson It’s a funny old world – or so it seems in poylolefins at the moment as traders re-export resin from China to Latin America and elsewhere. “I phoned up a trader in China the other day […]
Thailand’s Map Ta Phut crisis – the NGO side of the story
By Malini Hariharan Penchom Saetang of Ecological Alert and Recovery – Thailand (Earth) is not a typical activist vociferously denouncing companies for their environmental misdeeds. She is soft spoken and rational in her criticism of the state of affairs at Map Ta Phut, Thailand’s premier industrial zone and a major petrochemicals hub. After spending over […]
Asian propylene pricing heading for “a crash”
By John Richardson PROPYLENE pricing is heading for “a crash” in Asia as a result of spot supply increasing by around 20,000 tonne/month, a senior industry source has told the blog. Shell Chemicals will have a surplus 440,000 tonne/year of C3s from its Singapore cracker – in the process of starting up right now – […]
SEA Chemicals Need To Learn From The Past
By John Richardson THE whinging is getting almost unbearable in Southeast Asia over the Asean-China Free-Trade Agreement (ACFTA). The deal was under discussion for EIGHT years and yet chemicals and polymer producers and customers seem to have left it until after-the-fact to start raising objections. Indonesian industry association representatives have gone as far as to […]
Action in the propylene market
By Malini Hariharan Just when Asian propylene prices started easing comes news of disruptions in production and price hikes in the West. Propylene availability in Europe was hit after a strike by Total’s refinery workers early in the week resulted in the closure of 36% of France’s C3 capacity. This forced Total to declare force […]
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