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Companies Polymer Materials Petrochemicals

TOTAL PETROCHEMICALS Styrene expansion at Gonfreville started up	23.01.2009
SABIC Net profit plummets in Q4 2008 / Abrupt downturn in demand hits Saudi petchems giant / Markets shocked	22.01.2009
LYONDELLBASELL Equistar La Porte cracker set to restart this month	20.01.2009
TEXAS PETROCHEMICALS Plants idled as C4 and butadiene demand falls	19.01.2009
INDIA Linde consortium wins EUR 1.03 bn contract to build a turnkey ethylene plant	16.01.2009
MITSUI CHEMICALS MMA and PU subsidiaries to be absorbed	13.01.2009
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

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