WATER & WASTEWATER TREATMENT CHEMICALS WORLD MARKET UPDATE HEADLINES

April 2015

PEOPLE NEWS

INDUSTRY NEWS

TECHNOLOGY/NEW PRODUCT NEWS

RECENT CHEMICAL BIDS

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GDP UPDATE

May 2015

TABLE OF CONTENTS

 

 AMERICAS

United States

Canada

 

ASIA

China

India

Indonesia

Japan

Malaysia

Pakistan

 

EUROPE / AFRICA / MIDDLE EAST

Eastern Europe

France

Norway

United Kingdom

 

AMERICAS

 

Canada

International Monetary Fund has lowered its outlook for Canadian economic growth.

 

It describes Canada’s recent performance as “solid” but says the risk to its growth has been increased by an unusually large drop in oil prices, weaker business investment in the energy sector and lower employment growth

 

The latest projection from the Washington-based agency calls for the Canadian economy to grow 2.2% in 2015, down from the January estimate of 2.3%.

 

Canada is expected to outperform Japan and countries that use the euro, but lag behind the United States and the United Kingdom.

 

The IMF estimates in a report that the American economy will grow 3.1% this year and the U.K’s real gross domestic product will grow by 2.7%.

 

The IMF also predicts the 18 countries that use the euro will expand 1.5% in 2015, up from a January forecast of 1.2%. The fund forecasts that Japan will grow 1.0% this year, versus an earlier forecast of 0.6%.

 

Exports have been touted as a savior of the economy, with Canadian exporting set to rise on the lower dollar…The remaining text is not included in this sample.

 

ASIA

 

China

Is it time to start panicking about China’s debt? If you believe Beijing won’t support the municipalities that have overdosed on credit over the last few years, then absolutely. But overall, China’s federal level debt remains low, bank’s remain strong despite higher non-performing loans on the balance sheet, and yet we still get a total debt to GDP ratio of a whopping 282%.

 

First, a little comparison. The U.S. total debt to GDP, which includes household and corporate debt, is 331.7%. The economy has not imploded because of that, though there are plenty of people out there with books and newsletters to sell who say it is only a matter of time. They might be right. The same holds for China.

 

McKinsey Global Institute blamed China’s debt burden on a credit bubble which began in earnest in 2009. Back then, China was trying to plug up the holes left by the U.S. and European financial crisis. China is export dependent. When its two biggest clients fell because of its own credit bubble, China did what all economies do in crisis — stimulate, stimulate, and stimulate some more.

 

McKinsey says local debt is the biggest problem. Central government debt is still low, at around 64% of GDP. That gives the government room to — well, stimulate some more. The central bank is currently running its own mini-QE program, which has helped the stock market beat the MSCI Emerging Markets Index by a landslide year-to-date…The remaining text is not included in this sample.

 

EUROPE / AFRICA / MIDDLE EAST

 

Eastern Europe

Investors can expect mostly upbeat data from Eastern European markets this week, despite the potential contagion from recession in Russia and financial crisis in Greece, according to Capital Economics.

 

Russia, Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia are scheduled to report first quarter GDP figures this week. The Russian economy likely contracted by around 3% year over year, with inflation hurting consumer spending. “But industry has held up reasonably well, which has prevented an even sharper fall in output,” Capital Economics writes. For central and southern Europe, Capital Economics sees an expansion in output of 3% year over year for the region, compared with 2.7% in the fourth quarter of 2014. Capital Economics adds:

 

“There has been very little evidence, so far at least, that the recession in Russia and renewed problems in Greece have had any impact on activity in the region … At a country level, we think that Hungary and Poland were the region’s best performers. We have penciled in GDP growth of 3.3% y/y in both countries, which would roughly be in line with the fourth quarter’s outturn. Elsewhere, we think growth in the Czech Republic accelerated to around 2.0% y/y in the first quarter, from 1.4% y/y in the fourth quarter, and would highlight that the chance of an upside surprise here is high.

 

As for Russia, Capital Economics expects preliminary first quarter GDP contraction due to the toll from “low oil prices, last year’s ruble crisis and Western sanctions.”

 

The slump in consumer-facing sectors was probably the biggest drag on growth in Q1 as households’ real incomes collapsed on the back of soaring inflation. Retail sales contracted by 6.9% y/y in real terms over the first three months of the year. Investment in productive capacity was also hard hit, falling by 6.1% y/y in Q1…The remaining text is not included in this sample.

A complete analysis of GDP and monthly updates for individual countries are included as part of World Cleanroom Markets or Ultrapure Water World Markets.

CHEMICAL INDUSTRY UPDATE HEADLINES

APRIL 2015

AMERICAS

ASIA

EUEA

MERGERS/ ACQUISITIONS

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OIL & GAS SALES LEADS HEADLINES

May 22, 2015

Oil and Gas Project Tracking is available at a discount to Water & Wastewater Treatment Chemicals World Market subscribers.

Treatment chemicals are an important addition to most oil and gas processes. Access to details on the worldwide oil and gas projects is provided at a substantial discount to Water & Wastewater Treatment Chemicals World Market subscribers.

(Listed by most current date)

ASCO Wins Shell Prelude Logistics & Supply Base Management Contract

Revision Date:  5/22/2015

Anadarko Considers Selling Mozambique Gas Assets to Exxon

Revision Date:  5/22/2015

Research Report Forecasts LNG Market Demand at 400M Tonnes

Revision Date:  5/22/2015

Total-led LNG Project in Papua New Guinea Targets 1st Gas in 2021

Revision Date:  5/21/2015

Philippines to Get Regas Terminal amid LNG Sector Uncertainty

Revision Date:  5/21/2015

Pioneering LNG-powered Containership Launched in San Diego

Revision Date:  5/21/2015

Petronas to Deliver LNG from World's First Floating Facility in Q1 2016

Revision Date:  5/20/2015

Total-led Papua New Guinea LNG Project Targets 1st Gas in 2021-InterOil VP

Revision Date:  5/20/2015

Japan's Toho Gas to Buy Cameron LNG from Mitsubishi

Revision Date:  5/20/2015

LNG Takes Off in Gas-Rich Mideast as Conflicts Endanger Pipelines

Revision Date:  5/20/2015

French Utility, Engie Considers Acquisitions to Expand in Renewables, LNG Market

Revision Date:  5/20/2015

Hoegh LNG to Deliver FSRU, Vessels to UK's Meridian Project

Revision Date:  5/20/2015

Freeport LNG Closes Financing and Commences Construction of Third Liquefaction Train

Revision Date:  5/19/2015

Venture Global LNG Announces Manufacturing and Engineering Team for Calcasieu Pass Project

Revision Date:  5/19/2015

Petronas Awards FVSB Contract for PFLNG1 Facility

Revision Date:  5/19/2015

Shell to Raise India LNG Plant Capacity by 50 Percent in 2016/17

Revision Date:  5/19/2015

Parallax Energy Purchases Louisiana LNG, Its Second Mid-Scale LNG Facility This Year

Revision Date:  5/19/2015

EPA and Dominion Cove Point Settle Violations at Maryland Natural Gas Distribution Facility

Revision Date:  5/18/2015

Apache Completes Sale of Kitimat LNG to Woodside

Revision Date:  5/18/2015

Bestobell Marine Receives Third Valve Order from China’s Hudong Zhonghua Shipyard

Revision Date:  5/18/2015

Shell to Buy BG Group in $70 Bln Energy Deal

Revision Date:  5/18/2015

Engro Corp and Excelerate Energy Commission Pakistan’s Port Qasim LNG Terminal

Revision Date:  5/18/2015

State Agency Upholds Clatsop County Decision against Gas Pipeline to Oregon LNG Plant

Revision Date:  5/18/2015

Pacific NorthWest LNG & Progress Energy Canada Welcome Approval of North Montney Mainline Project

Revision Date:  5/18/2015

Dominion and Business Partners Celebrate Construction of Cove Point Liquefaction Project

Revision Date:  5/15/2015

Sempra Energy Submits Port Arthur Liquefaction-Export Facilities for FERC Pre-File Review

Revision Date:  5/15/2015

CB&I, Chiyoda and Zachry Group Awarded Contract for LNG Liquefaction and Export Facility

Revision Date:  5/15/2015

Poland Expects LNG Terminal to Launch between Q2 and Q3

Revision Date:  5/15/2015

Texas LNG Initiates FERC Pre-filing for Brownsville Project

Revision Date:  5/15/2015

GE Oil & Gas Wins Long-Term Gas Services Contract

Revision Date:  5/15/2015

GE Wins Twenty Year Contract for Sabine Pass LNG Trains

Revision Date:  5/14/2015

U.S. LNG Projects Hit by Energy Price Slide

Revision Date:  5/14/2015

Delfin LNG Signs Memorandum of Understanding with LITGAS

Revision Date:  5/14/2015

Shell, Chevron Focus on Making Australian LNG More Competitive

Revision Date:  5/14/2015

Dutch Gasunie in $216 Mln Project to Boost Foreign Gas Imports

Revision Date:  5/14/2015

Top U.S. and Canada Officials to Have Oil Train Safety Plan May 1

Revision Date:  5/13/2015

Bechtel Plant Moves to Gas-fired Electricity at its Curtis Island LNG Plant

Revision Date:  5/13/2015

Deep Down Receives Orders Totaling $4.8 Mln

Revision Date:  5/12/2015

ONEOK Partners and Fermaca to Construct Export Natural Gas Pipeline from West Texas to Mexico

Revision Date:  5/12/2015

Chesapeake Utilities Corporation Completes Merger with Gatherco, Inc.

Revision Date:  5/12/2015

Siluria Technologies Announces Start-Up of First Demonstration Plant to Directly Convert Natural Gas to Ethylene

Revision Date:  5/12/2015

CONSOL Energy Appalachian Operations Certified for Completion of Air & Water Evaluation and Verification Process

Revision Date:  5/12/2015

Rise of Deadly Radon Gas in Pennsylvania Buildings Linked to Fracking Industry

Revision Date:  5/12/2015

Swiber Secures $710 Mln West African Contract

Revision Date:  5/12/2015

TransCanada Scraps Plans to Build Oil Terminal at Cacouna, Quebec

Revision Date:  5/12/2015

Puma Energy Opens One of World's Largest Offshore Fuelling Facilities

Revision Date:  5/12/2015

Pennsylvania DEP Begins to Collect Monthly Natural Gas Production Data

Revision Date:  5/12/2015

Alfa Laval Wins SEK 70 Mln Natural Gas Order in the US

Revision Date:  5/8/2015

Kinder Morgan and Keyera to Build New Crude Oil Storage Terminal in Edmonton, AB

Revision Date:  5/8/2015

North Dakota Oil Producers Complying with New Treatment Rules

Revision Date:  5/8/2015

Severstal to Supply 160,000 Tonnes of Large-diameter Pipes for Power of Siberia Project

Revision Date:  5/8/2015

Energy Recovery Commissions First IsoGenTM Turbogenerator System for Saudi Aramco

Revision Date:  5/8/2015

McDermott Awarded SURF Installation Scope for Atlanta Early Production System in Santos Basin, Brazil

Revision Date:  5/8/2015

Siemens Opens Oil & Gas Headquarters in Houston

Revision Date:  5/8/2015

CONSOL Energy and Halliburton Deliver Fracturing Spread Powered by EPA Tier 4F Emissions Standard-Compliant

Revision Date:  5/7/2015

Pipeline Owners and Developers Planning Host of Projects to Reach New Markets

Revision Date:  5/7/2015

Developers Proceeding with Billions of Dollars of Pipeline Work

Revision Date:  5/7/2015

Mcdermott Awarded EPCI Contract by Qatar Petroleum

Revision Date:  5/7/2015

Amarinth Enclosure Pumps for Maersk’s Offshore Rig

Revision Date:  5/7/2015

Plains, Delek to Build Oil Pipeline between Longview and Shreveport

Revision Date:  5/6/2015

BP Sees TANAP Gas Pipeline Project Deal within Two Months

Revision Date:  5/6/2015

NuStar Energy Building Storage to Enable Condensate Exports from Corpus Christi

Revision Date:  5/6/2015

Sinopec Says China's Crude Storage Nearly Full

Revision Date:  5/6/2015

Triyards Lands $100 Mln Deal to Build 2 MPSVs and Turret Mooring System

Revision Date:  5/6/2015

BNSF Railroad Adds New Safety Rules for Crude Oil Trains

Revision Date:  5/6/2015

BP Signs $12 Bln Deal to Develop Egypt West Nile Delta Gas Field

Revision Date:  5/6/2015

Two U.S. Funds to Invest $900 Mln in Mexican Gas Pipeline

Revision Date:  5/5/2015

OneSubsea Delivers Multiphase Compressor to Statoil for Gullfaks Field

Revision Date:  5/5/2015

EastSiberian Plc Signs Cooperation Agreement with Petronic in Nicaragua

Revision Date:  5/5/2015

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WORLD MUNICIPAL WASTEWATER PROJECT NEWS PROVIDED MONTHLY

May 2015

This monthly update is devoted to wastewater infrastructure news around the world, outside of the United States and Canada, and is meant to complement McIlvaine's Water and Wastewater Treatment Chemicals: World Market Updates.

AFRICA

ASIA

EUROPE

MIDDLE EAST

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INDUSTRIAL EMITTERS UPDATE HEADLINES

May 2015 – No. 1

 

AMERICAS

Cement

Mining

Other Industries

ASIA

Cement

Mining

 

Other Industries

EMEA

Cement

Mining

Pulp and Paper

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Bob McIlvaine
President
847-784-0012 ext 112
rmcilvaine@mcilvainecompany.com
www.mcilvainecompany.com