Petrochemicals

Petrochemical companies face major test

THE CHEMICALS INDUSTRY faces a difficult period with the combined strain of plunging demand and frozen credit markets taking their toll as the global economy continues to struggle. The world's third-largest petrochemical company, LyondellBasell, recently filed for bankruptcy, while many other chemical companies have closed factories, reduced their workforces and withdrawn from deals so they can stay afloat.

Hits: 1299

Read more ...

New elastomers project agreement signed

SAUDI BASIC INDUSTRIES Corporation (SABIC) and affiliates of ExxonMobil Chemical have signed a heads of agreement (HOA) and are finalising detailed studies for a new Elastomers project at their petrochemical joint ventures, Kemya and Yanpet. The agreement was signed by Mansour Al Kharboush, SABIC vicepresident, speciality products, and by Robert G. Hutchinson, vice-president chemicals, ExxonMobil Saudi Arabia Inc.

Hits: 1501

Read more ...

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?