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INDUSTRY RISK RATINGS REPORTThis is the replacement for July 2009 edition of Petrochemical Manufacturing in the US Industry Risk Ratings Report.Industry Risk Ratings SynopsisThis Industry Risk Ratings report evaluates the inherent risks associated with the Petrochemical Manufacturing in the US ind ...
Industries : Petrochemical
US primary asphalt demand to increase 2.4 percent annually through 2013 Demand for primary asphalt in the US is projected to increase 2.4 percent annually from a weak 2008 base. Demand will benefit in large part from renewed growth in highway capital spending and road improvement and repair activity ...
Industries : Petrochemical
Recession and an increasingly competitive global market is forcing US petrochemicals producers to axecapacity to drive up operating rates and recover profitability, according to our latest US PetrochemicalsReport.Performance so far in 2009 has been poor due to the decline in demand from important en ...
Industries : Petrochemical
Rising naphtha costs have led to cuts in olefins output, prompting greater dependence on importedfeedstock further down the value chain, according to BMI?s latest Indonesia Petrochemicals Report.Chandra Asri, which supplies ethylene to domestic customers such as vinylsproducers Sulfindo Adiusaha and ...
Industries : Petrochemical
Bolstered by modest signs of domestic demand revival spurred on by a massive government stimulusprogramme, the Chinese petrochemicals industry is likely to witness the beginning of a recovery in outputin H209, according to BMI?s latest China Petrochemicals Report.In H109, ethylene output was down 6. ...
Industries : Petrochemical
Indian domestic petrochemicals demand slowed considerably in 2008/09 while exports were hit by theglobal financial crisis, but BMI?s latest India Petrochemicals Report projects domestic petrochemicalsproduction capacities more than doubling in the next five years with domestic and export markets set ...
Industries : Petrochemical
Despite the difficult business climate, the Philippines? oil refiner Petron continues its downstreamexpansion, according to BMI?s latest Philippines Petrochemicals Report.Petron is optimistic about the industry?s profitability and intends to boost its petrochemicals production,according to reports i ...
Industries : Petrochemical
Thai petrochemicals production is set to fall by 15-20% in 2009, but will make a quick recovery in 2010when new capacity comes onstream, according to BMI?s latest Thailand Petrochemicals Report.A number of new projects are nearing completion. PTT Chemical (PTTCH) is leading expansion efforts,with PT ...
Industries : Petrochemical
The Brazilian domestic petrochemicals market was showing signs of recovery by mid-20009 with BMI?slatest Brazil Petrochemicals Report forecasting a return to growth in Q4. However, long-standing issuesregarding access to more competitively priced feedstock will need to be addressed if Brazil is to a ...
Industries : Petrochemical
The newly published Petrochemical Manufacturing Industry report provides the latest market research on the industry. Its comprehensive scope contains analysis on the industry's key financial data, competitive landscape, upstream and downstream industries, and trends and opportunities within the con ...
Industries : Petrochemical
The Spanish petrochemicals industry may have reached a nadir by mid-2009, but BMI?s latest SpainPetrochemicals Report suggests a recovery is unlikely until H210 at the earliest, due to the impact of theeconomic crisis and difficulty raising capacity limits.With reduced demand in petrochemicals such ...
Industries : Petrochemical
Germany?s petrochemicals market will see greater stability in H209 but it will remain in a trough, withBMI?s latest Germany Petrochemicals Report forecasting a 12.5% decline in both sales and output in2009.According to the Verband der Chemischen Industrie (Chemical Industry Association, VCI), in H10 ...
Industries : Petrochemical
Polish petrochemicals demand should continue to slow through 2009, in line with the overall economictrend which should see the country dip into recession during H209, according to BMI?s latest PolandPetrochemicals Report.Key sectors determining output will be the construction, automotive, packaging ...
Industries : Petrochemical
Problems of plummeting demand and weakening margins will be compounded by the increase ofsubstantial new low-cost capacity which is due to come on stream in H209 and 2010. Owing to the effectsof the financial crisis, much planned Russian capacity has been delayed or shelved, leading to a majordownwa ...
Industries : Petrochemical
Aside from the ongoing recession, industrial action is a major threat facing South African petrochemicalsproducers, with increasing friction apparent between management and trade unions over pay, according toBMI?s latest South Africa Petrochemicals Report. Double-digit food price inflation has promp ...
Industries : Petrochemical
The UAE is making solid progress towards the development of new capacity, but BMI cautions that thecompletion of the second phase of the Borouge petrochemical complex at Ruwais, Abu Dhabi, couldsuffer owing to the sluggish recovery in demand in Asia at the same time as Chinese capacity is rising.Bo ...
Industries : Petrochemical
Petrochemicals had passed a nadir in mid-2009, but BMI?s latest UK Petrochemicals Report forecaststhat it will take some years for output to recover to pre-recession levels and during that time some plantswill be permanently shut with potentially devastating consequences for entire production chains ...
Industries : Petrochemical
The collapse in output at Azerbaijan?s chemicals and petrochemicals industries will be sustainedthroughout 2009 as the country is gripped by recession, while long-term prospects of the industry will beseverely constrained by major hurdles to investment, according to BMI?s latest AzerbaijanPetrochemi ...
Industries : Petrochemical
The Czech petrochemicals industry will be heavily influenced by economic trends in Germany, thecountry?s largest export market for petrochemicals-consuming industries. According to BMI?s latestCzech Republic Petrochemicals Report, although Germany?s economy has plummeted its car scrappageprogramme d ...
Industries : Petrochemical
Recent government assurances of financial support for the state-owned petrochemicals producer OltchimRamnicu Valcea should ensure the planned merger with Romanian refiner Petrom?s petrochemicals armgoes ahead smoothly. This would consolidate the petrochemicals industry and put it on a more securefoo ...
Industries : Petrochemical
Ukrainian plastics production failed to show any recovery in output in H109 with the industry facing adomestic economic crisis and a collapse in export markets, according to BMI?s latest UkrainePetrochemicals Report.Sales in the chemicals and petrochemicals industries in January-May totalled UAH15.9 ...
Industries : Petrochemical
The Czech Republic is feeling the squeeze of the global economic slowdown, and the country?s energysector is one of the few showing signs of life in the latest quarter. BMI?s latest forecast is thatconstruction industry value will amount to CZK208bn in 2009, down from the CZK211bn we wereforecasting ...
Industries : Petrochemical
While Egypt?s economic performance is set to deteriorate, it is still better than many other markets, withpetrochemicals demand expected to grow albeit at lower rates than in previous years, according to BMI?slatest Egypt Petrochemicals Report.The rate of economic growth is forecast to fall from 3.7 ...
Industries : Petrochemical
The Hungarian petrochemical industry will be faced with a sharp deterioration in both external anddomestic market conditions in 2009 and 2010, with levels of production unlikely to return to prerecessionlevels until 2011 at the earliest, according to BMI?s latest Hungary Petrochemicals Report.Struct ...
Industries : Petrochemical
Trends in Saudi petrochemical production are closely tied to its key export markets, notably Asia?seconomic powerhouse China. BMI?s latest Saudi Arabia Petrochemicals Report argues that the rise inChinese capacities at a time of falling Chinese demand is the largest threat to Saudi petrochemicalspro ...
Industries : Petrochemical
Foreign producers will be unable to use the Turkish market to offset declines in Europe with Turkey asthe country feels the full force of the economic meltdown, according to BMI?s latest TurkeyPetrochemicals Report. Turkey is typically dependent on imports for up to 2mn tonnes per annum (tpa) ofpoly ...
Industries : Petrochemical
State-owned Algerian energy producer Sonatrach has signed a slew of big-budget contracts for thedevelopment of upstream infrastructure which should bolster future growth of downstreampetrochemicals industries, according to BMI?s latest Algeria Petrochemicals Report. However, theindustry has not been ...
Industries : Petrochemical
BMI?s latest Iran Petrochemicals Report warns of a severe slowdown in investment in the sector as thecountry grapples with low oil prices, global recession and a sharp drop in foreign investor confidence inthe face of sanctions and the re-election of hard-line President Mahmoud Ahmadinejad.The Irani ...
Industries : Petrochemical
The Israeli chemicals industry is suffering generally from the effects of the global economic downturnwith both depressed exports and a sharp contraction in the domestic market, but BMI?s latest IsraelPetrochemicals Report predicts a fast recovery with domestic petrochemicals demand likely to be led ...
Industries : Petrochemical
Kuwait is pressing ahead with its rapid expansion of petrochemicals in 2009 with the recent election of amore moderate parliament likely to improve the chances of the approval of the massive Al-Zour refineryproject, according to BMI?s latest Kuwait Petrochemicals Report. A number of new projects are ...
Industries : Petrochemical
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