GDP UPDATE HEADLINES
September/October 2014
TABLE OF CONTENTS
AMERICAS
United States
Argentina
ASIA
Australia
China
India
Malaysia
Singapore
EUROPE / AFRICA / MIDDLE EAST
Africa
Germany
Greece
Nigeria
Switzerland
United Arab Emirates
The Bureau of Economic Analysis released its third estimate of real gross domestic product for the second quarter of 2014 — covering April, May and June of this year. The release showed output in the U.S. increasing at an annual rate of 4.6%. This is relative to the first quarter when real GDP declined a sharp 2.1%. (The remaining text is not included in this sample.)
Argentina’s gross domestic product was unchanged in the second quarter from a year earlier, the government, reviving doubts over the veracity of the data after JPMorgan Chase & Co. estimated a 1.7% contraction.
First-quarter figures were also revised to an expansion of 0.3% from a 0.2% contraction, the national statistics agency said. From the previous three months, the economy grew 0.9% after shrinking for two quarters. (The remaining text is not included in this sample.)
Global growth will improve to around 3.5% year-on-year throughout 2015 and 2016, as US and India experience faster growth and Latin America normalizes, NAB said in an update of its global and Australian forecasts.
However, the report downwardly revised forecasts for Australian economic growth, amid a weaker third quarter and deteriorating terms of trade. NAB expects GDP growth at 2.8% during fiscal 2015, down 0.1%, and 3.2% for fiscal 2016, down 0.2%. (The remaining text is not included in this sample.)
China's economy likely grew at its weakest pace in more than five years in the third quarter as a property downturn weighed on demand, a Reuters poll showed, raising the chances of more aggressive policy steps that may include cutting interest rates.
The economy may have expanded 7.3% in the third quarter from a year earlier - the weakest reading since the first quarter of 2009, when growth hit 6.6% during the height of the global crisis, according to a poll of 20 economists.
None of the economists believed Q3 growth will dip below 7%, although four penciled in 7.1% and one expected 7%. (The remaining text is not included in this sample.)
ndiaCome 2015 economy watchers and experts will have more updated GDP data to analyze the Indian economy that is showing signs of reversing two years of slump. The statistics office said that the base year of GDP will be revised to 2011-12 and the new data will be available from 2015.
The overhaul of the GDP is expected to expand the size of the Indian economy, due to broadening of coverage of unorganized sectors, agriculture and corporate sector.
"In accordance with the recommendation of the National Statistical Commission to revise the base year of all economic indices every five years, it is proposed to revise the base year of national accounts from 2004-05 to 2011-12 in 2015," ministry of statistics and program implementation said. (The remaining text is not included in this sample.)
Malaysia is accelerating infrastructure investment as Prime Minister Najib Razak leans on public expenditure to boost growth amid concern subsidy cuts and a new consumption tax will curb private spending.
The government will start work on projects such as highways and rail worth at least 75 billion ringgit ($23 billion), Najib said in a budget speech in Kuala Lumpur today. He announced wider exemptions of items under the goods and services tax to reduce the impact of the levy, as the finance ministry targets growth of as much as 6% this year and next.
The central bank kept its benchmark interest rate unchanged last month after an increase in July and said it will assess the balance of risks between the outlook for growth and inflation when considering further policy moves. (The remaining text is not included in this sample.)
ingaporeSingapore’s central bank is keeping monetary policy steady despite the economy’s sluggish growth, signaling greater worry about inflationary pressures than the possibility of a slowdown.
The government reported that third-quarter gross domestic product rose 1.2% on quarter on a seasonally adjusted and annualized basis, according to advance estimates. The measure is below a 2.2% growth forecast by economists in a Dow Jones poll, though a reversal of a 0.1% contraction in the second quarter. (The remaining text is not included in this sample.)
On Sept. 30, Kenya announced the results of its "rebasing"—a recalculation of its gross domestic product to include previously unaccounted-for economic activity. Its GDP expanded 25.3%, to $55.2 billion, moving it up several rungs on the list of Africa’s largest economies, to 9th. The government adjusted its 2013 growth rate from 4.7% to 5.7%.
Kenya’s is the latest in a series of rebasings that have reinforced investors’ perception of the area’s growth potential. Even as Ebola ravages West Africa and civil war devastates the Democratic Republic of Congo, many of the other economies in the region remain dynamic: The International Monetary Fund predicts sub-Saharan growth will be 5.8% next year, up from an estimated 5.1% for 2014. (The remaining text is not included in this sample.)
Greece revised data on last year's gross domestic product, showing its economy shrank by 3.3% for the year as a whole, less than a previous estimate of a 3.9% contraction.
(The remaining text is not included in this sample.)
Nigeria gross domestic product (GDP), is expected to increase by another 20% to make it a competitive Information and Communication Technology hub through foreign investments shortly after the Gulf Information Technology Exhibition (GITEX) holding in Dubai, the United Arab Emirate.
"Nigeria and Dubai are formidable in terms of ICT and when we come together, we share experiences and compare notes for future use. This event is going to be a partnership that is far from learning, "he said. (The remaining text is not included in this sample.)
Switzerland has reduced its economic growth forecasts on the back of the declining performance of its main trading partners in Europe, most notably Germany. Gross domestic product (GDP) is now tipped to expand 1.8% this year, rather than 2%.
The State Secretariat for Economic Affairs (SECO) has also cut GDP growth predictions to 2.4% for 2015, down from the 2.6% it forecast earlier this year. But SECO warned that changes to the way it calculates growth make a direct comparison between these figures difficult. (The remaining text is not included in this sample.)
Falling oil prices won’t hurt the gross domestic product growth of the UAE this year, a Ministry of Economy official told reporters recently.
"Oil accounts for less than 30% of our GDP, so there will be no impact. The UAE economy is now very diversified," said Mohammed Ahmed bin Abdul Aziz Al Shehhi, undersecretary at the ministry. (The remaining text is not included in this sample.)
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http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/119-n005OIL & GAS SALES LEADS HEADLINES
September 30, 2014
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Treatment chemicals are an important addition to most
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(Listed by most current date)
North Dakota Group Plans $4 Bln Chemical Plant (Article Dated: 10/20/2014)
Duqm Refinery Floats Tender for Petrochemicals Project (Article Dated: 10/20/2014)
Industries Qatar Puts Multi Billion Dollar Al Sejeel Petrochemicals Project on Hold (Article Dated: 10/20/2014)
CB&I to License, Design Polypropylene Unit for China Project (Article Dated: 10/20/2014)
Tioga Delivers Specialty Pipe for LyondellBasell Expansion (Article Dated: 10/20/2014)
Univation to Become Wholly Owned Dow Unit in Deal with ExxonMobil (Article Dated: 10/20/2014)
UK's Ineos Extends Shale Gas Acreage with Eighty Percent of Scottish License (Article Dated: 10/20/2014)
Russia Petrochemicals Report Q4 2014 (Article Dated: 10/20/2014)
Asian Petrochemicals (Article Dated: 10/20/2014)
Sipchem to Build Ethylene Vinyl Acetate (EVA) Film Plant (Article Dated: 10/17/2014)
Saudi Sipchem Says Affiliate Restarts Butanediol Plant (Article Dated: 10/17/2014)
Saudi Sipchem Starts Plastics Plant with South Korea's Hanwha Chemical (Article Dated: 10/17/2014)
ExxonMobil to Boost Hydrocarbon Fluid Production at Antwerp, Singapore (Article Dated: 10/17/2014)
Japan's Mitsui Restarts Naphtha Cracker after Repair (Article Dated: 10/17/2014)
Kinder Morgan Reveals Anchor Shipper for Utica-Ontario Pipeline (Article Dated: 10/16/2014)
Borealis Awards Service Contract for Ethane Cracker Upgrade (Article Dated: 10/16/2014)
LyondellBasell Eyes Further Expansion at SE Texas Plant (Article Dated: 10/16/2014)
Dow Chemical Expects to Raise Over $2 Bln from Sale of 3 Units (Article Dated: 10/16/2014)
Huntsman to Add MDI Plant at Geismar, LA Site (Article Dated: 10/16/2014)
Saudi Aramco, Sumitomo Chemical Invite Banks to Back $8.5 Bln JV Plant Expansion (Article Dated: 10/15/2014)
PKN Orlen Awards CB&I a Contract for Olefins Plant in Poland (Article Dated: 10/15/2014)
Thai PTT and Saudi Aramco in Joint Vietnam Petrochemical Project (Article Dated: 10/15/2014)
Shell's Refining Business Looks for Strength in Its Downstream Chemicals (Article Dated: 10/15/2014)
Chinese Firm to Use UOP Technology to Produce Isobutylene (Article Dated: 10/15/2014)
Japan's Idemitsu Shuts Naphtha Cracker for Turnaround (Article Dated: 10/15/2014)
Momentive Specialty Chemicals Expands Alberta Triazine Plant (Article Dated: 10/15/2014)
Sasol Eyes Angola, Ghana and Tanzania Opportunities (Article Dated: 10/15/2014)
Boardwalk to Acquire Evangeline Ethylene Pipeline from Chevron (Article Dated: 10/15/2014)
South Korea Increases Emissions Cap in Proposed Carbon Trading Scheme (Article Dated: 10/15/2014)
Saudi Ethylene Plant Enters Planned Maintenance (Article Dated: 10/14/2014)
Shenhua Ningxia Coal Selects CB&I Technology for Chinese Petrochemicals Complex (Article Dated: 10/14/2014)
Water Shortage Curbing Growth of China’s Coal-to-chemicals Projects (Article Dated: 10/14/2014)
China's CNOOC Hizhou Petchem Plant Wants U.S. LPG as Feedstock (Article Dated: 10/14/2014)
Banking on U.S. Shale Gas Boom, Asia Petrochemical Firms Switch to LPG (Article Dated: 10/14/2014)
CB&I Licenses Technology for China PP Expansion (Article Dated: 10/14/2014)
Yamgaz Awards AG&P Modular Construction Contract for Yamal LNG Project (Article Dated: 10/10/2014)
BC Leader 'Confident' Petronas LNG Project in Canada to Move Ahead (Article Dated: 10/10/2014)
Yamal, Russia's Gas Megaplan, Becomes Symbol of Defiance against Western Sanctions (Article Dated: 10/10/2014)
Sembcorp Marine Wins $190 Mln Bechtel Contract to Fabricate LNG Process Modules (Article Dated: 10/10/2014)
Israel's Leviathan Gas Field Group Submits $6.5 Bln Development Plan (Article Dated: 10/10/2014)
Europe LNG Terminal Capacity Seen Adequate if Russian Gas Flows Stop (Article Dated: 10/10/2014)
Dominion Welcomes FERC Approval Of Cove Point LNG Export Project (Article Dated: 10/9/2014)
Louisiana LNG Energy Selects Bechtel as Project FEED Contractor (Article Dated: 10/9/2014)
TransCanada to Proceed With $1.9 Bln Merrick Mainline Pipeline Project (Article Dated: 10/9/2014)
Indonesia's Pertamina Seeks U.S. LNG Supply, Shale Equity (Article Dated: 10/9/2014)
Finland, Estonia Postpone LNG Plants Plan and Stay with Russian Supply (Article Dated: 10/9/2014)
Thailand's PTT Eyes Third LNG Terminal in Myanmar (Article Dated: 10/9/2014)
LE 'Hydro Deck' Commences Module Offloading for Ichthys LNG Project (Article Dated: 10/9/2014)
Louisiana LNG Gains Funding for Export Project (Article Dated: 10/9/2014)
Alaska LNG Project Marks Milestone with Submission of FERC Pre-Filing Request (Article Dated: 10/8/2014)
SPX Awarded Approximately $50 Mln Order to Provide Cooling Towers for Coal Liquefaction Process Facility in China (Article Dated: 10/8/2014)
Canadian Firms Plan BC Gas Plant, Target LNG Export (Article Dated: 10/8/2014)
Cameron LNG Receives Final FERC Approval for Landmark Liquefaction-Export Project (Article Dated: 10/8/2014)
Freeport LNG Selects GE for Major Freeport LNG Export Project in South Texas (Article Dated: 10/8/2014)
Gulf South Announces Open Season for Freeport LNG Terminal Natural Gas Transportation Project (Article Dated: 10/8/2014)
Air Products’ LNG Technology and Equipment Selected for Freeport Terminal Facility (Article Dated: 10/8/2014)
Linde AG Awarded Engineering Contract for LNG Plant in Canada (Article Dated: 10/8/2014)
Lithuania Signs First LNG Purchase Deal with Statoil (Article Dated: 10/7/2014)
PetroChina Reviews Push to Produce LNG Used in Transport (Article Dated: 10/7/2014)
High Gas-flow Tests Boost BG's Tanzania LNG Plans (Article Dated: 10/7/2014)
Turret for Shell's Prelude FLNG Sent from Dubai to SHI's Geoje Yard (Article Dated: 10/7/2014)
U.S. Energy Dept Finalizes Plan for Overhaul of Natural Gas Export Reviews (Article Dated: 10/7/2014)
Mozambique Sees $30 Bln Investment for 2018 LNG Exports Startup (Article Dated: 10/7/2014)
Qatargas Awards $125 Mln Wastewater Facility Contract for LNG Plant (Article Dated: 10/6/2014)
Fluor Wins LNG Terminal Contract in Rotterdam from Gate Terminal BV (Article Dated: 10/6/2014)
Alaska LNG Project Partners File Export Application with DOE (Article Dated: 10/6/2014)
CB&I Announces Contract for Golden Pass LNG Export Facility (Article Dated: 10/6/2014)
First Nations Group on Vancouver Island Signs LNG Project Deal (Article Dated: 10/6/2014)
Final Investment Decision Reached for Cameron LNG Liquefaction-Export Project (Article Dated: 10/6/2014)
Azbil Corp Chosen for LNG Carrier Integrated Automation System in U.S. Shale Gas Cove Point Project (Article Dated: 10/6/2014)
Shell in GateTerminal Expansion Deal To Boost LNG Fuel For Transport (Article Dated: 10/6/2014
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http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/119-n005OIL SANDS & OIL SHALE INDUSTRY UPDATE HEADLINES
September 2014
(Listed by most current date)
• Mistral Starts Construction of $70 Mln Saskatchewan NGL Plant, Pipeline (Article Dated: 9/15/2014)
• KMP Expanding Kinder Morgan Crude and Condensate System (Article Dated: 9/15/2014)
• Pioneer Natural Resources Announces $495 Mln Sale of Hugoton and Barnett Shale Assets (Article Dated: 9/12/2014)
• The Patriot Energy Center Holds Groundbreaking of 829 MW Marcellus Shale-Gas Power Plant (Article Dated: 9/12/2014)
• Link Strengthened Between Wastewater Injection and Oklahoma Earthquakes (Article Dated: 9/9/2014)
• Energy Transfer Announces Pipeline Project Connecting Marcellus and Utica Shale (Article Dated: 9/2/2014)
• ICF International Report Says Marcellus and Utica Shale Gas Production Continues to Grow (Article Dated: 9/2/2014)
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http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/119-n005PULP MILLS UPDATE
August 2014
TABLE OF CONTENTS
COMPANY NEWS
Newpage and Omya Start-Up New PCC Plant at Escanaba Site
ABB to Supply World's Largest Pulp Mill
Andritz Automation to Supply Klabin’s Puma Pulp Mill
Pöyry to Supply Technology to Kemira Plant in Brazil
Kemira Launches New Binder for Paper and Board Coating
Air Liquide to Invest Euro 40 Million in New Air Separation Unit at Klabin
Södra Appoints GL&V for Major Upgrade of Softwood Pulp Line at Sweden Mörrum Mill
Valmet Sealflo Technology Reduces Water Consumption By 50%
EXPANSIONS/ REBUILDS
Billerudkorsnäs Invests in Capacity Increase at Mills in Sweden
Arauco to Convert Kraft Pulp Valdivia Mill to Dissolving Pulp
China’s Shandong Dongshun Starts Up Three Tissue Pms, Six More Coming
IP to Start Euro 20 Million Upgrade In Green Production Process at France Saillat Mill
Green Bay Packaging Invests $30 Million in Arkansas Kraft Division
Voith to Supply Three Paper Machines to China’s Sun Paper
Södra Invests SEK 700 Million To Raise Softwood And Textile Pulp Production
ACQUISITIONS
Ashland Water Technologies Becomes Solenis After Acquisition
Stora Enso Acquires US-Based Biotechnology Company Virdia
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http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/119-n005CHEMICAL UPDATE
OCTOBER 2014
TABLE OF CONTENTS
INDUSTRY NEWS
Global Demand for PVC to Increase, per New Report
COMPANY NEWS
BASF Opens India Polyurethane Chemicals Plant
Tesla Selects Nevada for Battery Plant
Farmer Co-op CHS to Build $3-billion Nitrogen Fertilizer Plant in North DakotaLyondellBasell to Build World Scale PO/TBA Plant on U.S. Gulf Coast
Dow to Divest Three More Businesses
MERGERS/ ACQUISITIONS
Johnson Matthey Acquires Catacel
Solvay to Acquire CPChem’s PPS for $220 million
Albemarle Sells Antioxidant, Ibuprofen and Propofol Businesses to SI Grou
Albemarle, Israeli Firm to Produce Polymeric Flame Retardants in New Joint-Venture
PTT Global Chemical Increases Stake in French Chemical Firm Vencorex
PPG Industries to Buy Mexican Paint Maker Comex
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http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/119-n005Pharmaceutical & Biotechnology Industry Update
September 2014
TABLE OF CONTENTS
UNITED STATES
Mt. Sinai to Open NGS Facility
Akorn Breaks Ground on Expansion
Pandemic Vaccine Facility Dedicated in Texas
University of Alabama Opens New High Tech Cleanroom
Cubist Opening New International Headquarters in Zurich
Smithsonian Institution Opens LEED Platinum Lab Facility
LCMC Health announced Investment in the New Orleans Business Alliance (NOLABA)
Baxter’s Boom
Evonik to Open Global Innovation Center in Alabama
Ag-Bio Firm NewLeaf Symbiotics Grows
Wisconsin Energy Institute Lab Design
Ampio Pharmaceutical Opens New Facilities
Natoli Opens R&D Site
University to Open New Cleanrooms
Novartis to Build New Development Center
Pfanstiehl Gearing Up for Potent API Expansion
GE Healthcare to Open U.S. Life Sciences HQ in Massachusetts
Wisconsin Health Care Campus Achieves Water Conservation
AtriCure Plans Headquarter Building
Ashland expands HPC Production at VA plant
Xellia plans to Invest in Raleigh Plant
Reed-Lane Opens Dedicated Serialization Suite
DPT Laboratories Acquires Meda Pharmaceuticals Lakewood, New Jersey
Grand River Opens Second Manufacturing Facility
Bayer CropScience Plans Further Growth in the U.S.
Fujifilm Diosynth Biotechnologies Expands Cell Culture Manufacturing Capacity
Life Pack Labs Poised to Help Medical Device and Pharmaceutical Manufacturers
StartX-QB3 Labs Expands
BioConsortia opens Headquarters and R&D LaboratoriesAmerican Airlines Cargo Builds Pharmaceutical Handling Facility
Tamworth Facility for Midland Fertility Completed
JM Coull completes Multiple Lab Renovations at Northeastern University
Sanovas Moves Biotech Operations
Memorial Sloan Kettering plans Precision Oncology Center
Texas A&M Center Adds Mobile Cleanrooms
Grand River Aseptic Manufacturing Plans Expansion
REST OF THE WORLD
Allele Raises Money to Expand
3M Purification opens New Laboratory in Antwerp, Belgium
Foster Delivery Science to Build Facility For Manufacturing Drug Delivery Polymers
ProBioGen plans Expansion
Hospira plans Investment in Australia
ILS Completes Work on New Laboratory
Ireland plans New Hub
New Facility makes Ottawa a Centre for Medical Devices
Baxter Growth & Investment
Conwed expands Capacity in Belgium
Merck Millipore invests in Manufacturing Capabilities in France
Synthon sells Czech Plant to Mercachem
ProBioGen invests in Mammalian Manufacturing
Molecular Profiles expands Liquid Capsule Manufacture
China, France collaborate on Virus Lab
Telstar supplies Laboratorios Pisa with Upgrades
EMD Millipore expands in Japan and Opens New Location in Tokyo
Merck KGaA Breaks Ground on Facility in China
Synthon sells Czech Plant to Mercachem in API Consolidation
Ajinomoto Althea gains EU GMP Certification
Orion opens New Facility
Phase 2 opens Medical Device Contract Manufacturing in Tijuana
Eurofins plans Four Labs to Support Food Testing
Blueprint Genetics plans Growth
Stem Cells API Development by European Biobank
Synexus to acquire Helderberg Clinical Trials Centre
Lab Innovation around the Globe Highlighted in S-Lab Awards
Orion opens New Facility
Harlan Labs expands Presence in Australia and Southeast Asia
Merck targets Italian Production Site for Investment
Baxter opens its First State-of-the-Art Biologics Facility in Asia
SGS Life Science Services to expand Shanghai Facility
AstraZeneca designs New U.K. Global R&D Center
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http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/119-n005WORLD POWER GENERATION PROJECTS
This includes only projects where there was an update during the month. There are thousands of projects in the database.
Revision Date: October 1, 2014
|
Project Title |
First Entry Date |
Location |
Startup date |
|
Volta River Authority power plant |
10/1/2014 |
Ghana |
2018 |
|
Kothagudem power plant |
10/1/2014 |
India |
2018 |
|
Manuguru power plant |
10/1/2014 |
India |
2017 |
|
Hirono IGCC power plant-TEPCO |
10/1/2014 |
Japan |
Unknown |
|
Nakoso IGCC Power Plant-TEPCO |
10/1/2014 |
Japan |
Unknown |
|
Hub power project |
10/1/2014 |
Pakistan |
2018 |
|
Sunon Asogli- Shenzhen Energy power project in Ghana |
7/1/2013 |
Ghana |
2016 |
|
Malaysia Energy Commission Power Plants |
12/1/2012 |
Malaysia |
2019 |
|
Ennore SEZ supercritical power plant-Tamil Nadu Generation and Distribution |
8/1/2012 |
India |
Unknown |
|
Myeik ultra supercritical power plant |
3/1/2012 |
Myanmar |
2019 |
|
Jimah ultra supercritical expansion |
12/1/2010 |
Malaysia |
2019 |
|
Davao City CFB power plant-Aboitiz Power (Thermo South)/SMC Global Power |
9/1/2010 |
Philippines |
2015 |
|
Calaca CFB expansion-Trans-Asia Oil and Energy Dev./AC Holdings |
8/1/2010 |
Philippines |
2016 |
|
Atucha 3 power plant |
7/1/2010 |
Argentina |
Unknown |
|
Vinh Hai 2-1,2 |
6/1/2010 |
Vietnam |
2022 |
|
Meja supercritical power plant-NTPC |
7/1/2009 |
India |
2017 |
|
Shree Singaji II supercritical power project-Madhya Pradesh Power Gen.Co. |
2/1/2009 |
India |
2018 |
|
Balingian CFB power project-Sarawak Energy |
6/1/2008 |
Malaysia |
2018 |
|
Cernavoda 3 and 4 nuclear power plant-EnergoNuclear |
6/1/2008 |
Romania |
Unknown |
|
Hassyan clean coal-Dubai Electricity and Water Authority (Dewa) |
3/1/2008 |
United Arab Emirates |
2021 |
|
Kpone GT expansion - Volta River Authority |
11/1/2007 |
Ghana |
2017 |
|
Transition Power Blue Castle nuclear power plant |
10/1/2007 |
UT |
2020 |
|
Hongyanhe 1-6 nuclear power plant-CGNPC |
9/1/2007 |
China |
2016 |
|
Olkiluoto 3 Nuclear power plant-TVO |
6/1/2007 |
Finland |
2018 |
|
Hinkley Point C-British Energy (now EDF) nuclear power plants |
6/1/2007 |
UK |
2025 |
|
Naga CFB plant-Kepco Cebu Corp./Salcon Power |
4/1/2005 |
Philippines |
2011 |
|
Visakhapatnam (Vizag) 1,2-Hinduja National Power Corp. |
|
India |
2019 |
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New power generation projects are tracked in two publications. Fossil and Nuclear Power Generation includes both market forecasts and project data. World Power Generation Projects has just the project data.
For more information on World Power Generation Projects, click on:
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