Sabic’s Dismal Q2 Results Unlikely Representative of the Petrochemical Industry
July 20, 2009
UPDATE 1-Saudi Basic Industries' Q2 profit plummets on crisis | www.iii.co.uk
Sabic buys feedstocks at a low, fixed price, so falling prices mean falling EBITDA.Market conditions for Sabic in Q2 of 2008 were different that for other non-Middle Eastern producers.
After Dow’s Petrochemical Plant Closures – More Yet to Come
July 5, 2009
Dow Chemical to Shut Three Louisiana Ethylene Plants (Update3) | www.bloomberg.com
This plant closure will have no immediate impact on the ethylene market. There may be additional rationalization coming in petrochemicals. What may close in the future is a big gamble.
PVC Futures Contracts – A Very Tough Hedge
May 18, 2009
Shanghai Chlor-Alkali to Run PVC Futures Hedging Business | www.tradingmarkets.com
The economics of PVC have always been complicated; much more complicated than polyolefins. Several years ago as China undertook a rapid expansion in the PVC capacity, they introduced a very old concept which has further complicated the market.
Petrochemicals : Japan Out, Japan In, Venezuela Tries Again
April 14, 2009
Chavez Says Japan to Spend $33.5 Billion in Venezuela (Update3) | www.bloomberg.com
Venezuela has the potential to build ethylene operations that would rival Middle Eastern plants. Japanese companies actively supporting and participating in Venezuela's ambitious plans.
Can India take on the Global Petrochemical Industry?
April 7, 2009
India sets out plans for rapid petrochemicals growth | www.yourindustrynews.com
India plans large increases in petrochemicals making it long ethylene. Can Indian petrochemical capacity compete with the Middle East?
Middle Eastern Petrochemical Companies have Incentives to Expand to Other Regions
March 24, 2009
Gulf petrochemicals industry has to make most of slump | www.meed.com
Sentiment in the Middle East is that these times are an opportunity for local petrochemical producers to become global players.
The Independent Petrochemical Producers Are Ready
January 21, 2009
LBO Burden May Force Ineos, Georgia Gulf Bankruptcy (Update2) | www.bloomberg.com
Production activity in petrochemicals appears to be restarting. Ineos, LyondellBasell, and Georgia Gulf have optimized their operations.
January 16, 2009
Equistar to reopen La Porte olefins plant | houston.bizjournals.com
Lyondell is using the flexibility of their ethylene production system to optimize their costs.
Some Good News for Petrochemicals
January 15, 2009
CPC to Restart No. 4 Naphtha Cracker as Market Demand Improves | www.bloomberg.com
Restarting of this cracker in Taiwan is an indication of improved profitability in ethylene, and maybe improving demand.
“The worst I’ve ever seen!,” in the Petrochemical Market
December 20, 2008
Equistar to Temporarily Idle Second Olefins Unit | www.marketwatch.com
The shuttering of Lyondell's and Westlake's ethylene facilities brings operable capacity to about 70% of nameplate, and utilization rates below 65%. By closing Chocolate Bayou, Lyondell most likely, stands to improve their net cash flow.
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