By Malini Hariharan The outlook for polyvinyl chloride (PVC) in India is bright was the conclusion at the end of last week’s Vinyls-India 2011 conference in Mumbai. Plenty of indicators were put up to justify this conclusion. India’s per-capita consumption of PVC is only 1.7kg as against 13.4 kg in the US, 9.2kg in China, […]
Asian Chemical Connections
Chinese PVC demand set to reach 13m
By Malini Hariharan The blog was at the Vinyls India – 2011 conference in Mumbai which has attracted over 400 delegates interested in hearing about the Indian market. The country has emerged as a major importer of polyvinyl chloride (PVC) with nearly 650,000 tonnes of suspension grade imported in 2009-10. But no PVC conference can […]
Huntsman to scale up India capacities
By Malini Hariharan US chemical producer Huntsman plans to rapidly expand capacities and sales in India, a country that has caught the attention of global majors. The blog caught up with the company’s President and CEO Peter Huntsman in Mumbai yesterday. “In every one of our businesses, except titanium dioxide, we will be spending money […]
Opportunities Can Vanish Before You Know It
By John Richardson “Just when you think it is the right time to make an investment case to a board of directors, the particular opportunity you have been studying has an annoying habit of disappearing,” said a business development manager for a global polyolefins producer. His comments reflect the increasingly complex world in which we […]
India projects see more delays
By Malini Hariharan The blog has been updating the status of Indian petrochemical projects and has found that many are running behind schedule. Reliance Industries’ mega cracker at Jamnagar has yet to get off the starting block. The company is holding on to an end-2014 start schedule for the 1.4m-1.6m tonnes/year cracker which will be […]
Pulled in all directions
By Malini Hariharan Asian polyolefin producers face a difficult time with markets being pulled in different directions. Feedstock costs have steadily moved up at a time when downstream demand and price direction remains uncertain. Political upheaval in Libya and Bahrain pushed WTI crude oil to over $94/bbl yesterday while Brent hit $107/bbl. Naphtha soared to […]
Polyolefin numbers look good
By Malini Hariharan Pic source: www.brandft.co.uk The blog is in undertaking the difficult task of collecting demand numbers for polyolefins across major Asian markets. Preliminary estimates show that demand growth has been quite healthy in the two major markets – China and India. Chinese polyethylene (PE) demand (measured as local production plus imports minus exports) […]
India’s OPaL inches forward
By Malini Hariharan Regular readers of the blog will remember a November post that had highlighted delays at ONGC Petro-Additions Ltd’s (OPaL) 1.1m tonnes/year cracker project at Dahej on the west coast of India. This time there is some progress to report. OPaL has finally selected Chevron Philips Chemical to provide technology for a standalone […]
India’s plastic problems
By Malini Hariharan A surprise court order in India earlier this month has put pressure on plastic packaging and has raised the risk of restrictions on its use in a very popular segment – cheap sachets or pouches that are used to pack a wide variety of consumer products ranging from shampoo to tobacco. The […]
India PE in a tight spot
By Malini Hariharan It is not just China where polyethylene (PE) producers face problems. Indian producers have been struggling to place volumes as huge imports during the last couple of months have saturated the domestic market. PE import volumes were said to have hit a record high of 104,000 tonnes in October. And my colleague […]
Jump to page: