CHEMICAL

UPDATE

MAY 2007

TABLE OF CONTENTS

UNITED STATES

• Employment at U.S. Chemical Processing Plants Declines 

• NOVA Chemicals to Expand Joint Venture with INEOS to North America

• RiverWright Energy Ethanol Plant in Buffalo River Gets Key City Approval

• Matrixx Group to Open Plastics Manufacturing Facility in Bedford, Virginia

• ConocoPhillips Establishes Biofuels Research Program at Iowa State

INTERNATIONAL

• RAG Subsidiary Degussa Announces Further Investments

• Dow and Saudi Aramco to Build Integrated Plastics and Chemicals Plant in Saudi Arabia

• Libya’s National Oil Corporation and Dow Chemical Announce Joint Venture Plans

• Clariant Sells Custom Chemicals Business to ICIG

• Ashland and Cargill Intend Biobased Chemical Joint Venture

• Rosneft Purchases Angark Petrochemical Company

• Sipchem Launches $1.87b Project in KSA

• Jose Petro Project to Include 1.3 million tons Ethylene Cracker

• Shaw Ethylene Technology Selected for New Grass Root Plant in China

• SK Corp & Sinopec to Set Up a US$2.2 billion Cracker

• Petroleos and Braskem Form Petrochemical JV in Venezuela

• South Korean Building Orders in Saudi Arabia Reach $3B

• Qatar Petrochemical’s Plant on Schedule for 2008 Completion

• Construction Work for Two Petrochemical Complexes to Begin in Iran

The above news is excerpted from the May Chemical Industry Update Table of Contents which is part of the World Market for Your Products and is also included in most other McIlvaine market reports.