Borealis has been able to weather the downturn because of actions taken before and during the recession, said Mark Garrett, CEO of Borealis, addressing the Fourth Annual GPCA Forum in Dubai. The company stayed away from acquisitions and kept a close eye on spending in anticipation of a downturn in a bid to keep the financial situation of the company strong....
Mideast chemical makers must respond to challenges and constraints as production continues to grow, said Hamad Al-Terkait, president and CEO of Equate (Safat, Kuwait) and vice chairman of Gulf Petrochemicals and Chemicals Association (GPCA) in his address during the fourth GPCA forum now taking place in Dubai....
Sabic CEO Mohamed Al-Mady says he is optimistic about 2010 prospects but notes that uncertainties cloud the outlook. Challenges include the diminishing size and effect of global stimulus packages...
Discussions around GPCA make clear that demand remains rotten, and customers paralyzed, with no bottom to the market turmoil yet in sight. Extensive capacity shutdowns and horrible...
The current economic crisis is likely to weed out opportunistic producers, according to panelists at the Gulf Petrochemical and Chemical Industry Association (GPCA) Forum in Dubai...
The global financial crisis and economic downturn have slowed growth in China, curbing projected 2009 ethylene demand growth rates in China to half of recent levels, says Li Xihong, president of Sinopec’s economics and development research institute....
At last night's Gala reception sponsored by Borouge, Hussain Sultan Lootah, Sr. VP Mideast & Africa, Borouge greeted delegates and VIPs to an evening of entertainment and dinner at...
We're talking a lot at GPCA about deleveraging balance sheets and about future rocketing demand for plastics. But maybe our minds are too much on our industry and too little on our end...
More than than 900 chemical industry executives are gathering at the brand-new Atlantis, The Palm Hotel Dubai for the Third Annual GPCA Forum. At the opening cocktail reception...
Chemical industry executives will be facing uncertainty for the next few quarters, says Andrea Borruso, petrochemicals advisor at SRI Consulting (SRIC; Zurich). Dilemmas include...
In the quest for alternative energy supplies, the outlook for ethanol in Brazil is excellent, says Jose Carlos Grubisich, CEO of ETH Bioenergia (Sao Paolo). Speaking to Chemical Week...