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Companies
Polymer Materials
Petrochemicals
LYONDELLBASELL
US bankruptcy court grants emergency financing / European converters are concerned about bonuses
12.01.2009
LYONDELLBASELL
Chapter 11 filing in New York / Finance holding Basell Germany involved, other non-US business unaffected
07.01.2009
LYONDELLBASELL
Markets waiting for news of debt renegotiation / Highly leveraged company says bankruptcy an option
06.01.2009
WESTLAKE CHEMICAL
Ethylene plant idled due to falling demand
05.01.2009
EQUISTAR
Second Texas olefins unit temporarily idled
23.12.2008
PETROCHEMICAL MARKETS
Qapco and Honam project delayed
19.12.2008
SHELL
Cracker at Moerdijk is up and running again
18.12.2008
HUNTSMAN
Hexion merger plans “buried” for USD 1 bn in compensation / Out-of-court settlement / Billion-dollar litigation with banks still in play
16.12.2008
DOW
Three plants at Terneuzen to close in restructuring plan
16.12.2008
INEOS
Lenders approve request for debt covenant waiver
12.12.2008
OLTCHIM
Privatisation on ice for now / Bailout package to be presented to EU / Acquisition of Arpechim moving ahead
09.12.2008
DOW
Joint venture with Kuwait is finalised / K-Dow to start up in January / PET and EG business included
04.12.2008
ARKEMA
Restructuring of vinyls chain continuing / Two French sites targeted / Nearly 170 jobs on the line
03.12.2008
POLIMERI EUROPA
Entire petrochemicals complex in Sardinia to go offline for two months / Cracker, HDPE, chlorine chain and aromatics affected / Phenol chain down for all of 2009
01.12.2008
SABIC
Cracker in Geleen stays offline
27.11.2008
LYONDELLBASELL
Demand crisis forces wide-sweeping cost control measures / Plant closures and job cuts / Liquidity tight through Q1 2009
24.11.2008
BASF
“Massive decline in demand” prompts capacity cuts, plant shutdowns / Some 180 units affected / Preparing for “tough times”
20.11.2008
INEOS
Waiver of debt covenants sought as demand crashes / Debts four times EBITA / Crotty “battening down the hatches”
20.11.2008
INTERQUISA
Shutdown of 630,000 t/y PTA plant in San Roque / Rising Asian imports hit profitability
14.11.2008
ROSNEFT
Petrochemicals complex to be built near Vladivostok
12.11.2008
INDIA PETROCHEMICALS
GAIL / IOCL collaborate on new cracker complex
11.11.2008
PETROCHEMICALS
Financial crisis: merger of Hexion and Huntsman still touch and go / Ineos and LyondellBasell under pressure? / Companies deny media reports
10.11.2008
PETROCHEMICAL MARKETS
Repsol: Force majeure for styrene and PO from Tarragona
10.11.2008
PETROCHEMICAL MARKETS
Shell shutters Moerdijk cracker, citing technical problems
10.11.2008
PETROCHEMICAL MARKETS
Equistar idles Texas olefins unit as market declines
06.11.2008
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