….that’s the case – in the Middle East case because of advantaged feedstock and in China’s case because it will be strategic. In previous downturns, far more capacity was western, or other Asian, and liquids based and so rate cuts brought markets more quickly into balance. The graphs below from ICIS Plants & Projects data […]
Asian Chemical Connections
It’s a whole new ball game
First of all, apologies to readers for my complete neglect of this blog over the last six weeks. I can only plead overwork and being too stunned by the collapse of the global economy to think about the blogosphere. I promise regular posts from now on, provided I am not once again dazzled by the […]
Shell plans for the long-term
See below for an extended interview with Shell Chemicals vice president, Ben van Beurden, who talks of the search for new feedstock sources. He raises the possiblity of using syngas from the Pearl GTL project in Qatar to make methanol and then olefins. Or perhaps the high paraffinic naphtha and ethane from the same project […]
This is unsustainable- crude correction soon
I am beginning to come to the view that something has to give in the medium-term. There is no way that the global economy can support crude prices at current levels, and you can argue, as Lehman Bros does, that speculation is behind a fair slice of the recent rallies. They also make the case […]
Operational Note
Operational Note: This blog will disappear for three hours on Saturday 17 May 2007 between 9am and 12 noon (UK summer time) for server maintenance. It will then magically re-appear.
China earthquake tragedy
An overused word – tragedy – but the events of the last week justify the description. But what a relief that the Chinese government has reacted so promptly and so efficiently, in complete contrast the callous incompetence of the thugs who run Myanmar. Worth clicking through to ICIS connect – our chemicals industry community forum […]
Aromatics become ever-more challenging
If the refining industry is the tail that certainly does not wag the dog of oil exploration, where does that leave aromatics? Quite probably, the flea on the coat of the dog. And it gets ever-more complicated and the risks keep multiplying for the industry What would be the effect on aromatics if the Goldman […]
How do you account for the externalities?
Economists refer to externalities as those factors that can influence growth but that are beyond the influence of humans to determine. As ar result, the members of this esteemed profession tend to ignore externalities. If we’ve left it too late on the environment, then the environment is clearly such an externality that could limit demand […]
The search for more basic petrochemicals
Very interesting speech from Alan Kirkley, Vice President of Strategy and Portfolio for Shell Chemicals, which first of all goes over the predictable ground of where we are in the cycle and the threat from the Middle East. However, he then makes the valid point – which I made earlier this week – that the […]
History will surely repeat itself
The mood at the recent NPRA International Petrochemical Conference in San Antonio, Texas, was mixed, despite all the economic gloom. Some producers said they were still making money – especially those selling into manufacturing sectors benefiting from a rise in exports due to the weak dollar. What’s certain, of course, though is that things will […]
Jump to page: