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Petrochemicals
LyondellBasell, holding company Basell file Chapter 11 bankruptcy
LyondellBasell and one of its European holding companies, Basell has filed for Chapter 11 bankruptcy in the US order to restructure debts, the company announced Tuesday. LyondellBasell's non-US operating...More...
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Carmaking collapse cuts commodities consumption
US carmaking collapse The US federal government is apparently poised to help troubled US carmakers with a $13.4 billion infusion, but it remains to be seen if such assistance can stall the destruction of demand for the major materials and commodities that go into the typical North American light vehicle.
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Asian Petrochemical Scan GPCA: Impact of global recession on chems industry 'overblown'
The impact of the global recession on the chemicals industry is "overblown," though the industry is facing many challenges in terms of cracks in profitability and a reduction in valuations, Hassan Ahmad, managing director of HSBC Securities (USA), said December 3.
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