By Malini Hariharan Despite doubts about availability of gas, its cost and viability of using naphtha or other feedstocks, companies from the Middle East are continuing to plan new petrochemical projects. The latest is Kuwait’s Petrochemical Industries Co (PIC) which is looking to invest $5bn in a new 1.4m tonnes/year mixed-feed cracker and derivatives complex. […]
Asian Chemical Connections
What’s next for Reliance?
By Malini Hariharan Reliance Industries appears to have hit the end of the road in its quest for LyondellBasell which has filed its own restructuring plan, rejecting a $14.5bn Reliance offer. LyondellBasell has said the Reliance offer was not “sufficiently valuable to abandon” its amended reorganisation plan. “The proposal…did not assure a higher overall value […]
It’s fun to be miserable….
LyondellBasell, Woody Allen, Dow Chemical, PIC, K-Dow, Kuwait, financial meltdown, carbon footprint,
Where does Dow/PIC go from here in Asia?
What Andrew Liveris didn’t address when interviewed over the Dow/PIC deal is what the $19bn olefins and polymers deal could mean for Asia, the Middle East and commodities. All the talk was of specialities with speculation sure to be rife over the next few months over how the US major will use its now substantial […]
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