CIREC Monthly News
- ID: 473765
- May 2016
- Region: Europe
Chemical and petrochemical industries in Russia, CIS, & East Europe, monthly report.
CIREC Monthly News provides market analysis of the chemical and petrochemical sectors in East Europe & CIS.
The information is collated from a combination of empirical and anecdotal sources for a report that has been running since the start of 1991.
The report is published 12 times a year and is backed up by online databases.
CE Oil & Gas
GE Plastics BV
Jansens & Dieperink
M.P.I Chemie B.V
Nafta Polska SA
Rohm & Haas
ZA Kedzierzyn SA
CIREC Monthly News - Sample Contents from Issue No 197, May 2007
ZA Pulawy-gas supplies
Market trends in Russia
Russian production/capacity volumes
SIBUR-Holding, structural changes
Angarsk Petrochemical Company
Potential markets for Orenburgpolymer
Russian polypropylene trends
Nikokhim-new petrochemical complex
Paraxylene expansion at Omsk
Polief co-operation with Bashkortostan government
Kaliningrad PET project
Methanol/Gas based products
PVC market in Russia
Renova Orgsintez-Khimprom Novocheboksarsk
Renova Orgsintez-Khimprom Volgograd
Stirol increased production
Ukrainian government aims to sell stakes
Headlines from CIREC Monthly News, 28 May 2007
MOL's income of $236.6 million for the first quarter of 2007 showed a 65% increase over the first quarter of 2006. This was due to a one-off sale of MOL's gas storage and wholesale business, and the benefit from a tax holiday.
PKN Orlen witnessed an improvement in EBITDA in the first quarter of 2007 (zl 995 million against zl 983 million in Q1 2006), despite an operating loss at the Mazeikiu Group. The Mazeikiu Group reported a loss of zl 334 million, due to the consequences of the fire, which took place in October 2006.
Romanian oil company Petrom is currently in the process of setting up a new petrochemical company, by splitting petrochemicals from its refinery operations. The spin-off, Petrom Petrochemicals Arges, will operate as a self sufficient company.
Spolana has been instructed that it must terminate mercury-based chlorine production by 2014, having received a deadline from the Central Bohemian Regional Office.
Chimcomplex has selected Bertrams Salt Plants Ltd as the supplier for the basic engineering and key equipment for the 12,000 tpa calcium chloride plant (flakes and pellets) at Onesti.
PKN Orlen is keen to follow its acquisition of Mazeikiu Nafta in Lithuania by working closely with chemical company Achema at Jonava.
Despite a relatively successful year for the Russian petrochemical industry in 2006 coupled to a positive investment climate, Russian petrochemical producers have been facing mounting challenges over feedstock and energy costs.
SIBUR-Holdiing and Orenburggazprom have been in further talks regarding the possible construction of a polyolefin complex in the Orenburg region by 2015-2016.
Kazanorgsintez has started the process of initiating the first equipment of the bisphenol A project. Construction was started on the reactors in readiness for the intake of phenol for the production of bisphenol A. The two reactors will each require around three weeks of work before they are ready.
Hexion Specialty Chemicals and Shchekinoazot have announced the formation of a joint venture company to manufacture resins for the forest products and construction markets.
Nizhnekamskneftekhim has indicated plans to increase ethylene capacity up to 1.6 million tpa as a key part of the company's development programme for 2007-2012.
An increase in the demand for chlorine has been seen in the past few years in Russia, with consumption reaching 1.092 million tons in 2006, 4.4% higher than in 2005.
Uzbekneftegaz and Korean gas company Kogas are assessing project plans to construct a gas-chemical complex in Uzbekistan. The project is being at completion by 2010-2011, and estimated at a cost of $1.5 billion.
Construction of the new petrochemical complex in Kazakhstan is expected to start in December 2007. Investments of up to $5.2 billion will be directed towards the construction of plant facilities.