GLG News by Council Members Knowledgeable about Oleochemicals

 In the first half of 2007 Sinopec’s chemical business experienced a 38% increase in operating profit($1.1 billion) on a 22% increase in sales. PetroChina’s chemical business realized an 86% increase in first half operating profits($ 0.70 billion).

·With the acquisition of GE Plastics, Sabic has become the worlds leading engineering plastic producer. ·The new business, “Sabic Innovative Plastics” (SIP), had revenues of $6.6 billion(as GE Plastics) in 2006 and is a leading polycarbonate(PC) producer.

China is addressing the myriad of safety concerns that have arisen due to lax/failed enforcement of product safety standards. Failure to reform the present situation may irreparably damage the $343 billion US-China trade. The American Public is already aware of the dangers posed by many imported Chinese...

Degussa is the main growth vehicle for RAG(Essen, Germany). RAG plans to issue an IPO of non-coal operations(this includes Degussa, energy operations, and real estate).

·ICI has accepted an ₤8.1 billion($16.1 billion) bid by Akzo Nobel. ·The combined company will be the largest paint/coatings producer and significantly increase Akzo’s market share in decorative coatings. ·The combined company will be the largest paint/coatings producer and significantly...

·Mideast oil producers will soon dominate the world Polypropylene(PP) Market. ·Exports from Mideastern PP producers are predicted to rise by 3.48 million m.t. to 3.65 m.t. in 2010 as a huge amount of capacity comes on stream.

Mideast oil producers will soon dominate the world Polypropylene(PP) Market. Exports from Mideastern PP producers are predicted to rise by 3.48 million m.t. to 3.65 m.t. in 2010 as a huge amount of capacity comes on stream.

Rising volume and falling prices are causing a shake-up in the nanotechnology industry; some companies are exiting, others consolidating; and a few being acquired. The world market for nanomaterials is expected to increase 94% (from 2006) to $560 million this year; in 2008 a CAGR of 70% is expected....

·To stimulate expansion the Alberta provincial government has initiated an “Incremental Ethane Extraction Policy” (IEEP) that will provide incentives for ethane extraction in the form of royalty credits ( for ethane production used as feedstock by petrochemical facilities in Alberta). ·The...

·Lyondell has accepted Basell’s offer of $48/share ( 20% over market price on 7/16/07); total value of the offer is $19 Billion (includes debt). ·This acquisition will almost triple the size of Besell, from $12 billion to $34 billion in revenue.