Hints and tips:
...Demin made his fortune trading petrochemicals and is now a British citizen....
...Reliance’s core businesses continue to be in oil refining and petrochemicals, which provide the majority of revenues but have been hit by the global economic crisis sparked by the coronavirus pandemic....
...Family feud: a petrochemical princeling vs his activist uncle South Koreans are very accustomed to watching members of the chaebol families — aka the powerful clans that dominate the country’s business...
...He switched into industry, building Mexichem within a quarter of a century into a major global chemicals and petrochemicals businesses....
...Saudi Arabia has held talks about taking a stake in the refining and petrochemicals arm of India’s Reliance Industries....
...Reliance, whose core businesses are in oil refining and petrochemicals, launched the telecom operator in 2016 using cheap 4G data plans and incentives to gain market share....
...Its lucrative core business in oil refining and petrochemicals has been hard hit by turmoil in global oil markets, with net profit in the quarter through March falling 37 per cent....
...(FT) Ineos making waves in sport The sight of Petrochemicals billionaire Jim Ratcliffe receiving a raucous reception from OGC Nice football fans might appear strange....
...Argus seeks further expansion beyond oil into metals, fertilisers and petrochemicals....
...The moves are intended to ease concerns that the materials science business would not be focused on plastics and petrochemicals, but instead also have a broad portfolio of speciality chemicals operations...
...earnings reports scheduled for today include China Telecom, China Resources Land, Woolworths, Guangzhou Auto, China Huarong Asset Management, Insurance Australia Group, China Coal Energy and Sinopec Shanghai Petrochemical...
...Westlake, a maker of petrochemicals and building products, will pay $33 a share for Axiall, compared to the group’s closing price on Thursday of $25.81....
...The company, formerly named Honam Petrochemical, took over Malaysia’s Titan Chemicals for Won1.5tn in 2010....
...Malaysia is increasingly seeking to compete with Singapore to seize opportunities in Asia’s oil, gas and petrochemicals markets....
...Dow’s petrochemical operations provide the inputs used in DuPont’s ethylene copolymers, used in everything from food packaging to golf balls....
...However, a three-way break-up of the merged group could allow the creation of more focused businesses, concentrating on areas such as speciality chemicals or petrochemicals....
...One big demand driver for such chemical carriers is shipping the plastics made by newly competitive US petrochemical companies to China, where they will go into cars built on mainland assembly lines....
...But while equity crowdfunding sites have widened the net of investors, Mr Westlake warned that it was too soon to say whether they would always generate returns....
...The weak gas prices created by the shale boom have given US-based petrochemical producers a huge cost advantage over their Asian and European rivals, such as Germany’s BASF and Taiwan’s Formosa Petrochemical...
...Third Point had earlier in the year suggested a more radical break-up of the company into petrochemicals and speciality chemicals businesses, but more recently had concentrated its criticism more on governance...
...It argued that improving Dow’s performance in petrochemicals would “require a combination of closures, modifications, brownfield investments, and divestitures”....
...We have examined Dow’s aggregate petrochemical capacities (and associated industry product margins) and compared its petrochemical cost base and profitability with pure-play peers....
...However, he added, Dow’s board had already considered the separation of Dow’s petrochemicals businesses proposed by Mr Loeb and rejected it because it would increase costs....
...sent to its own investors on Thursday, Third Point said that Dow had taken some “shareholder-friendly actions”, but had still failed to address concerns that it was “under-earning its potential in its petrochemical...
...The fund also called for Dow to split off its petrochemicals business, which generates roughly two-thirds of its earnings....
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