Industry: Power Generation

While renewable energy costs decline, some developing nations prioritize energy access over economic considerations.

Thermax, a leading energy and environmental service firm in India, is partnering with Reykjavik Geothermal to develop power plants in India.  A 3 MW pilot project in Ladakh has been planned.  This deal is in alignment with similar deals Thermal has executed on in the recent past, seeking to strengthen its position as a supplier […]

Despite the cost, altering China’s energy mix is feasible due to its adaptable infrastructure and directed investment capacity, enabling a shift to renewables for rising demand. Ongoing green investments and emissions reduction efforts reflect this strategy and address global climate concerns.

AMERICAS BP oil leak in Gulf of Mexico – Updates After a series of unsuccessful efforts, BP has made some headway in containing the oil spilling out of a well at a depth of 5,000 feet in the Gulf of Mexico. Following the failed “top kill” operation, BP deployed the lower-marine-riser-package (LMRP) cap containment system, […]

AMERICAS LyondellBasell Updates Access Industries terms US$12 billion offer by RIL too low for LyondellBasell Access Industries claimed that the US$12 billion which RIL has valued LyondellBasell was too low, and lacked merit. Access Industries claimed that since creditors like Apollo would make losses if the deal were to go through at RIL’s initial offer, […]

While solar energy’s growth pangs continue to challenge industry leaders, First Solar, the Arizona-based world’s largest maker of solar cells, breaks into the difficult Chinese market with a $5-6-billion deal to build a two gigawatt plant. Meanwhile, a stock analyst downgrades the company’s stock from “hold” to “sell” and halves the target price.  Why?  In […]

My Turn – Dr. Balaji B. Singh – Have a Merry Christmas Comments: The coming year, 2008 will be different than any in the past. Everyone including the organizations, people, and government – are bracing themselves for “CHANGE”. The fear of the Unknown will dominate all our discussions in 2008. Excitement and growth are omnipresent […]

Basell to acquire Solvay Engineered Polymers, Inc. Basell, the global leader in advanced polyolefins, announced that it has signed a definitive agreement with Solvay by which Basell will acquire Solvay Engineered Polymers, Inc., a leading supplier of polypropylene compounds in North America. The transaction is subject to relevant regulatory approvals and is expected to close […]

My Turn – Commentary on Global Polyolefins and Elastomers – Dr. Balaji B. Singh India – China Opportunities and Reactions of people who visit for the first time With PlastIndia just completed and ChinaPlas around the corner, the thoughts turn to the media coverage of the plastics industry and life in these countries. It has […]

Basell to acquire Repsol YPF’s position in Argentine PP joint venture Petroken Basell announced its plans to assume ownership of the 50% portion of Argentina’s Petroken Petroquimica Ensenada that is currently held by its partner in the joint venture, Repsol YPF. Petroken operates a 180 KT per year polypropylene plant, a 20 KT per year […]

BP and Philips starts up HDPE Plant BP Solvay and Chevron Phillips Chemical have started up their joint 700-million lbs/year high density polyethylene (HDPE) plant at Cedar Bayou, TX. The new plant replaces three lines at Deer Park, TX which had a combined HDPE capacity of 260 million pounds per year. BP Solvay Polyethylene North […]