My Turn – Dr. Balaji B. Singh – The year for Specialty Polyolefins SPO-FlexPO2008, June 25-27, 2008 Houston/Galveston, TX Comments: The start of the New Year heralds a new race for Specialty and value-added polyolefins. Chemical Market Resources focused on technology and value-added polyolefins since 1990 and has conducted over 40 multiclient studies on various…
Details
My Turn – Dr. Balaji B. Singh – The year for Specialty Polyolefins SPO-FlexPO2008, June 25-27, 2008 Houston/Galveston, TX Comments: The start of the New Year heralds a new race for Specialty and value-added polyolefins. Chemical Market Resources focused on technology and value-added polyolefins since 1990 and has conducted over 40 multiclient studies on various…
Details
My Turn – Dr. Balaji B. Singh – Have a Happy New Year Comments: The start of the New Year heralds a new race for Specialty and value-added polyolefins. Chemical Market Resources focused on technology and value-added polyolefins since 1990 and has conducted over 40 multiclient studies on various specialty polyolefins. The year 2008 will…
Details
AMERICAS LyondellBasell Updates RIL raises an additional US$763 million to fund Lyondell’s buy Reliance Industries Ltd has raised US$763 million (Rs 3,465 crore), its third big equity fundraising in under four months. With this, the company has raised over Rs 9,000 crore (US$2 billion) by selling treasury stocks in three tranches. Reliance sold 33 million…
Details
AMERICAS LyondellBasell Updates Access Industriesterms US$12 billion offer by RIL too low for LyondellBasell Access Industries claimed that the US$12 billion which RIL has valued LyondellBasell was too low, and lacked merit. Access Industries claimed that since creditors like Apollo would make losses if the deal were to go through at RIL’s initial offer, the…
Details
AMERICAS LyondellBasell Updates LyondellBasell could emerge from Chapter 11 LyondellBasell Industries (LBI) has reached an agreement that could help it emerge from Chapter 11. LBI’s unsecured creditors swapped sides after being offered an extra USD150 million worth of shares. Unsecured creditors, including bondholders, are estimated to hold around USD 3 billion of debt and had…
Details
AMERICAS LyondellBasell Updates China Petroleum & Chemical and TPG may acquire LyondellBasell China Petroleum & Chemical Corporation (Sinopec) and TPG Capital, L.P. (formerly Texas Pacific Group) are planning a joint bid to acquire LyondellBasell Industries AF S.C.A.Reliance Industries Limited have previously submitted a preliminary non-binding offer to acquire a controlling interest in LyondellBasell in a…
Details
AMERICAS U.S plastic bag update U.S. to levy fees on bags from Vietnam, Taiwan, Indonesia The U.S. government plans to impose final duties of up to nearly 96 percent on plastic shopping bags from Indonesia, Vietnam, and Taiwan. The rulings from the Department of Commerce impose specific penalties on 18 companies from Vietnam, two from…
Details
AMERICAS LyondellBasell Updates LyondellBasell prices USD 2.75 billion senior notes LyondellBasellIndustries (LBI) has priced a senior note offering at USD 2.75 billion to support the chemical company’s emergence from Chapter 11 bankruptcy protection. The notes will be issued by LBI Escrow Corp., which will merge into subsidiary Lyondell Chemical Co., as part of Lyondell Chemical’s…
Details
AMERICAS PolyOne and Kautex introduce multilayer TPE technology PolyOne Corp. has introduced technology that allows extrusion blow molders to make co-extruded high-density polyethylene bottles layered with thermoplastic elastomers (TPE). PolyOne’s GLS Thermoplastic Elastomers unit unveiled the technology, which it co-developed with Kautex Maschinenbau GmbH. The new process can be used with traditional or recycled HDPE,…
Details