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Petrochemicals
LyondellBasell wins approval for first tranche of $8-billion DIP
LyondellBasell, which filed for Chapter 11 bankruptcy protection Tuesday, has been granted court approval for the first $2.167 billion out of a total $8 billion proposed debtor-in-possession financing...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 Asian aromatics to mend by Q2 '09 after volatility in '08
The Asian aromatics markets are likely to see a recovery by the second quarter of 2009, and a price rebound from what several market participants call an "over-correction" in the third and fourth quarters of 2008.
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