Reliance offers c$10bn for LyondellBasell
November 22, 2009
Reliance offers about $10bn for Lyondell | www.ft.com
First IPIC, now Reliance. The ongoing crisis is the petrochemical industry is encouraging deep-pocketed buyers to step forward. These are strategic purchases, but they are taking place at very discounted values compared to those of the 2003-7 Boom years.
Abu Dhabi looks to build its petchem activities
November 18, 2009
IPIC Mulls Bayer Joint Venture, Not Acquisition, Chairman Says | www.bloomberg.com
The Middle East is continuing to grow its role in petrochemicals. The latest move is by Abu Dhabi, to access technology for its ambitious new multi-$bn Chemaweyaat project.
Superabsorbent Dilemma at Rabigh?
November 18, 2009
Disappointment in India...speculation on Rabigh | www.icis.com
Cross ownership and a necessity to access key raw materials complicate the discussion. It is necessary to consider the history and current status of participants in the Acrylic Acid - Superabsorbent product chain.
How Sustainable is Demand for Chemicals?
November 3, 2009
Manufacturers boost hopes of economic revival | www.ft.com
Demand has recently been boosted artificially by incentives such as 'cash for clunkers'. 2008 ended dreadfully, companies are terrified of another crash in demand. Caution is justified.
Chemical Companies remain Cautious on the Outlook
October 31, 2009
Looking at the world from a stable but low level of activity | www.icis.com
The chemical industry is a leading indicator for the global economy. The recent company results season gives no support for the idea that earnings are about to stage a major recovery.
Specialty Chemicals Growth in 2010 Will be Modest and Uneven and Led by China
October 21, 2009
10,000: Then and Now | www.nytimes.com
Signs are emerging in the specialty chemicals value chains that show an overall improving global economy, but one with unevenness by region and by economic sector. Our indicators show China leading all regions in 2010 growth while manufacturing will lead all sectors. Lagging will be housing and the regions of North America and Europe.
Chemical Companies face Bumpy Road in 2010
October 17, 2009
10,000: Then and Now | www.nytimes.com
2010 should be a better year for the chemical industry, as demand grows in line with a recovery in global GDP. But a quick V-shaped return to the 2003-7 Boom years in terms of volumes/margins seems unlikely.
Ineos Nitriles Moves to Further Improve Position in Acetonitrile Market
October 16, 2009
INEOS Nitriles breakthough secures global supply of Acetonitrile | www.yourpetrochemicalnews.com
Ineos sends a clear message that it is willing and able to implement new technologies even in difficult times.
Flexible Packaging Industry depends on Consumer Spending for Growth
October 13, 2009
Flexible packaging will return to growth in 2011 | www.europeanplasticsnews.com
Flexible packaging volume growth is highly dependent upon the growth of consumer products, particularly non-discretionary products such as food. Value growth is dependent upon volume as well as pricing which has been under pressure in 2009 as the inputs associated with oil have dropped in price forcing packaging producers to pass on much of the decrease. Value will likely be down this year but volume will not.
Huntsman's Move In China Should be Polyurethane
September 28, 2009
Huntsman seeks deals in China | www.ft.com
Huntsman has announcement they are seeking deals for their textile chemicals business in China which seems misplaced given the strength and importance of their polyurethane business in this region.
Big-Foot YRC Drops the Other Shoe on Shareholders
November 3, 2009
Bombardier Barbs Shows CSeries Can't Cut The Mustard
November 2, 2009
New 777 Depends On 787 Success
October 13, 2009
Another Leash on Life for YRC Worldwide
October 12, 2009
Airbus Lost $7.5bn+ Trying to Flog the A350XWB
August 28, 2009