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Markets Polymer Materials Petrochemicals

OMV Adnoc to take Mubadala's 25% stake in Austrian petchem firm / Move increases ownership in Borealis, Borouge	02.01.2023
USA Winter onset imminent: Several facilities shut as a precautionary measure	22.12.2022
BOREALIS Second renewable energy deal with Verbund / Hydropower for Schwechat / “Significant step” toward emissions target	22.12.2022
CHEMICAL INDUSTRY GERMANY Gas shortage takes its toll / Producers caught between rising prices, sinking profits / Firms look longingly to US	21.12.2022
TRINSEO Changes in Germany: styrene production to end, cut in PC capacity	20.12.2022
GERMAN ECONOMY A sense of hope: Mood among business managers improves / View of present environment rebounds	20.12.2022
SAUDI ARAMCO Expansion of petchem complex for Saudi Satorp refinery / Extended partnership with TotalEnergies	20.12.2022
PETROCHEMICAL MARKETS Polyolefins: Fire at Versalis' cracker in France / Downstream plants shut down	15.12.2022
INEOS Fourth Chinese JV with Sinopec / 1.2 mn t/y cracker due onstream in late 2023 / Deal includes ABS, HDPE plants	13.12.2022
GERMAN ECONOMY Supply bottlenecks cost industry almost EUR 64 bn in added value, up to mid-2022 / Automotive industry particularly hard hit	09.12.2022
PKN ORLEN Investments finalised with Saudi Aramco / Plans for world-scale cracker in Poland / Aramco to supply 45% of the Polish group's crude oil requirements	08.12.2022
PETROCHEMICAL MARKETS PC, MDI: Covestro declares force majeure following outage in Uerdingen, Germany	07.12.2022
LUKOIL Italy puts refinery in Sicily under trusteeship / Sufficient supply of non-Russian crude to keep the refinery going for “several months”	07.12.2022
RUSSIA EU sanctions on Moscow's crude oil exports, price cap come into force / Domestic PP demand at record lows / Southeast Asian imports flood the market	06.12.2022
PLASTICS AND ENERGY Germany, Qatar announce LNG deal / Gulf state to supply some 2 mn t/y from 2026 / ConocoPhillips tapped as shipper	05.12.2022
EUROPEAN ECONOMY Eurozone inflation drops more than expected / Has the peak passed? / Volatile energy prices remain focus	01.12.2022
MITSUBISHI CHEMICAL End of MMA production in UK? / Plant profitability issues remain / Work at US facility postponed	30.11.2022
STYRENE Infringement of cartel ban: EU competition regulators impose million-euro fines	29.11.2022
MANUFACTURING Economic indicators in Europe show surprise gains / Recession still coming, analysts warn	28.11.2022
BOREALIS Solar power to feed Schwechat site / Partnership with Verbund	28.11.2022
COVESTRO Production begins at Thai isocyanate plant / Output supports elastomer manufacturing	28.11.2022
LYONDELLBASELL Decision on 400,000 t/y propylene project to be made in late 2023	25.11.2022
BASF CEO Brudermüller on cost-cutting plans: any talk of massive cutbacks is “absolute nonsense” / But there will also be “some adjustments” in production	24.11.2022
CHEVRON PHILLIPS JV with Qatar Energy finalises plans for Texas complex / Ethane cracker and two PE plants due to start up in 2026	23.11.2022
RUSSIA Drop in Chinese imports worries Russian firms / Russia-Turkey trade perks up / Crises in related industries hinders domestic production	21.11.2022

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