WATER & WASTEWATER TREATMENT CHEMICALS WORLD MARKET UPDATE
March/June 2014
GENERAL NEWS
CHEMICAL INDUSTRY NEWS
For more information on Water and
Wastewater Treatment Chemicals: World Market
http://home.mcilvainecompany.com/index.php/markets/27-water/449-n026-water-and-wastewater-treatment-chemicals
GDP UPDATE HEADLINES
JULY 2014
TABLE OF CONTENTS
AMERICAS
ASIA
EUROPE / AFRICA / MIDDLE EAST
AMERICAS
United States
The latest data shows the U.S. economy contracted significantly more than
previously estimated in the first quarter of this year.
The Bureau of Economic Analysis released its third and final estimate of real
gross domestic product for the first three months of 2014. The release showed
output in the U.S. declining at an annual rate of 2.9%. This is relative to
fourth quarter 2013, when real GDP grew 2.6%.
The final number is also down from BEA’s negative 1% second estimate released
last month and even more sharply from its first estimate that showed GDP growing
0.1%. While this makes Q1 the economy’s worst since Q1 2009, the heart of the
recession, economists were anticipating the further downward revision.
“The bad weather in much of the U.S. in early 2014 was a significant drag on the
economy, disrupting production, construction, and shipments, and deterring home
and auto sales,” wrote PNC Senior Economist Gus Faucher in a note out prior to
the release. “But data show growth rebounding in the second quarter, with
improvements in home and auto sales and residential construction.”
The major stock indices slipped into the red as the opening bell approached but
quickly returned to positive territory. This seems to indicate that investors
were also writing off the contraction as temporary.
In an interview following the release Stephen Auth, Chief Investment Officer at
Federated Investors, called the revision “pretty incredible” but says that
underlying trends have shown improvement that has simply been “masked” by the
weather. He expects second quarter GDP growth to come in north of 4% and
continual market gains.
The revision, BEA explained in a release, was largely due to a smaller than
previously estimated increase in personal consumption and larger than previously
estimated decline in exports. The 2.9% decrease in real GDP reflected the
negative contribution from exports as well as declines in private inventory
investment, both residential and nonresidential, fixed investment and lower
local government spending. The rate was also negatively impacted by an increase
in imports but partially offset by an increase in federal government spending
(the first in a year and a half) and in personal consumption.
(The remaining text is not included in
this sample.)
ASIA
China
1) HSBC raised its 2014 GDP
forecast from 7.4% to 7.5%, surprised by the strong recovery especially in June.
Monthly fixed asset investment and industrial production grew by 17.9% and 9.2%
respectively, compared with 16.9% and 8.8% in May.
The strong recovery was largely driven by government policies. State-owned bank
lending picked up strongly; fiscal spending grew by almost 25% in both May and
June, up from an average of 8% from January through April. HSBC believes China’s
GDP growth could exceed its 7.5% forecast if more easing comes over the next few
months. “Policies, particularly fiscal policy, will likely be more supportive in
2H as it is traditionally the spending season,” wrote HSBC economists Qu Hongbin
and Julia Wang.
China’s property sector continues to be the main downside risk, says HSBC, but
“our baseline case remains that policymakers can offset the negative impact
given that they have a broad range of policy tools at their disposal.”
In June, property prices in 55 out of 70 cities surveyed fell, up from 35 cities
in May and just 8 in April. Local governments have been taking steps to prop up
real estate markets, using measures such as abolishing local resident purchase
requirements. (The remaining text is not
included in this sample.)
EUROPE / AFRICA / MIDDLE EAST
Germany
German gross domestic product stalled in the second quarter as geopolitical
concerns weighed on industrial output and construction weakened after a
weather-induced boom in the first three months of the year, the Bundesbank said.
The warning, contained in the central bank's monthly bulletin, is an indication
that the euro zone will struggle to improve on the first quarter's meager growth
rate.
Germany accounts for about 30% of the bloc's GDP. During the first quarter, euro
zone GDP expanded just 0.8% at an annualized rate, or 0.2% on a quarterly basis,
despite annualized growth of 3.3% in Germany. Excluding Europe's largest
economy, the euro zone economy will have contracted slightly in the first
quarter.
"Considering that the service sector is likely continued to expand, the real,
adjusted gross domestic product (in Germany) was likely unchanged from the first
quarter," the Bundesbank said. "Geopolitical tensions are reflected not only in
weaker future indicator surveys, but also in ebbing demand for interim goods."
(The remaining text is not included in
this sample.)
For more information on Water and
Wastewater Treatment Chemicals: World Market
OIL & GAS SALES LEADS HEADLINES
JULY 25, 2014
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)
RDIF to Invest $700 Mn in Ust-Luga Terminal
(Article Dated: 7/25/2014)
Persian Gulf Petrochem Company Offers to Build NGL Plants
(Article Dated: 7/25/2014)
SABIC and Korea’s SK Global Sign $595 Mln JV Agreement
(Article Dated: 7/25/2014)
Jacobs Wins Engineering Package from Borealis on Belgium Chemical Sites
(Article Dated: 7/25/2014)
BASF and Yara to Build Ammonia Plant in Freeport, TX
(Article Dated: 7/25/2014)
SABIC Plans Crude-to-chemicals Facility in Saudi Arabia
(Article Dated: 7/24/2014)
Bechtel Completes Installation of Modules for LNG Train at Curtis Island GLNG
Facility (Article Dated: 7/21/2014)
Golden Pass LNG Files FERC Application
(Article Dated: 7/18/2014)
Kinder Morgan Lodges Gas Transport App for Magnolia LNG (Article Dated:
7/18/2014)
China Huaneng's Changji SNG Plant One of Many More Approvals in 2013
(Project Dated: 7/18/2014)
Excelerate, Petrobangla Plan Bangladesh's First Import Terminal (Article
Dated: 7/18/2014)
Gasunie and Vopak to Expand Gate LNG Terminal with Fuel Distribution Facilities
(Article Dated: 7/17/2014)
Alaska Governor Parnell Says Design Work to Start on New LNG Project
(Article Dated: 7/17/2014)
Australia Pacific LNG Reaches Milestones of CSG-LNG Project (Article
Dated: 7/17/2014)
Inpex Launches FPSO Hull for Ichthys LNG Project (Article Dated:
7/17/2014)
Chile to Import U.S. Shale Gas as of Late 2015 (Article Dated: 7/17/2014)
Steelhead LNG Joins Canada Natural Gas Export Race (Article Dated:
7/17/2014)
FERC Approves Cameron LNG Liquefaction-Export Project (Article Dated:
7/17/2014)
CB&I Awarded FEED Contract for Goldboro LNG Project Development by Pieridae
Energy (Article Dated: 7/16/2014)
LNG America and Liquiline Announce Cooperation Agreement (Article Dated:
7/16/2014)
Kentz Awarded $125 Mln Contract at Qatargas LNG Plant (Article Dated:
7/16/2014)
Woodfibre LNG Changes Its Strategy and CB&I Receives the Contract for Goldboro
LNG (Article Dated: 7/16/2014)
Sinopec Set to Build World's Largest Coal to Gas Conversion Plant (Project
Dated: 7/16/2014)
Cheniere and Gas Natural Fenosa Sign 20-Year LNG Sale and Purchase Agreement
(Article Dated: 7/15/2014)
Iberdrola Agrees to 20 Year €4.1Bln LNG Export Deal with Cheniere (Article
Dated: 7/15/2014)
Cheniere and Iberdrola Sign SPA for LNG Sales from Corpus Christi (Article
Dated: 7/15/2014)
Technip Awarded New LNG Plant Contract in China Using an Air Products
Liquefaction Process (Article Dated: 7/15/2014)
Technip Confirms the EPC Contract of Yamal LNG Project (Article Dated:
7/15/2014)
Kitsault Energy Proposes Dedicated Energy Corridor and Export Terminal near
Kitsault, BC (Article Dated: 7/15/2014)
Foster Wheeler JV Awarded FEED and Project Execution Services Contract for
Kitimat LNG Project (Article Dated: 7/15/2014)
An Innovative Solution for Fixed Offshore LNG Regasification Terminals
(Article Dated: 7/15/2014)
From LNG Imports to Exports: Process Safety and Regulatory Challenges
(Article Dated: 7/15/2014)
Chinese Officials to Monitor Datang's SNG Project Following a Troubled Phase I
Startup (Project Dated: 7/15/2014)
Louisiana LNG Energy Secures Funding, Selects Chart Energy & Chemicals for Plant
Design, Supply (Article Dated: 7/14/2014)
Kingho Group sees successful Phase I Production in World's Largest Single Train
SNG Plant (Project Dated: 7/14/2014)
Favorable FERC Environmental Assessment for Dominion’s Cove Point LNG Export
Project (Article Dated: 7/14/2014)
Keystone Foes Rally to Block Maryland Natural Gas Project (Article Dated:
7/14/2014)
North Dakota LNG, LLC Announces First-to-Market LNG Production Facility for the
Bakken (Article Dated: 7/14/2014)
Dresser-Rand's First Small-scale LNG Unit Successfully Produces LNG
(Article Dated: 7/11/2014)
ExxonMobil Starts Production Ahead of Schedule at $19 Bln PNG LNG Project
(Article Dated: 7/11/2014)
Air Products Selected for Second Malaysia PETRONAS FLNG Project (Article
Dated: 7/11/2014)
High Costs May Cause Australia to Miss $180 Bln LNG Expansion Wave
(Article Dated: 7/11/2014)
Yamal Arctic Gas Project Backs Political Strategy as Russia Turns East
(Article Dated: 7/10/2014)
GE Selected by Lihuayi Group to Partner in Phase II Expansion (Project
Dated: 7/10/2014)
Global Market for Fuel Diversity Supported by Black & Veatch Patented LNG
Technology (Article Dated: 7/9/2014)
Iran to Build Mini-Refineries in Arvand Free Zone (Article Dated:
7/8/2014)
Honeywell Sees Market for Modular Refineries in Nigeria (Article Dated:
7/8/2014)
Bashneft Selects GE's MBR with MACarrier Technology for Russian Refinery’s
Industrial Wastewater (Article Dated: 7/8/2014)
Iran's Persian Gulf Star Refinery 75 Percent Complete (Article Dated:
7/8/2014)
U.S. Refinery Update (Article Dated: 7/8/2014)
Oman Plans a Month of Refinery Maintenance in June (Article Dated:
7/8/2014)
Graham Awarded Four Orders Worth Approx $10 Mln for Refining, Ethylene Upgrade
(Article Dated: 7/8/2014)
North American Refiners Beating European Profits by $6 per Barrel (Article
Dated: 7/8/2014)
General Electric Deploys 75mw Gas Turbines to Port Harcourt Refinery
(Article Dated: 7/7/2014)
U.S. Export Decision Deals Blow to Some Gulf Coast Refiners, Processers
(Article Dated: 7/7/2014)
Russian Refinery Modernization to Continue Despite Tax Uncertainty
(Article Dated: 7/7/2014)
Independent Marketers of Nigeria Plan to Invest $3 Bln in Refineries
(Article Dated: 7/7/2014)
Japan May Cut Oil Refining Capacity by up to 10 Percent (Article Dated:
7/7/2014)
Origin Appoints MWH to Provide Design Services for Australia Pacific LNG Water
Treatment Facility (Article Dated: 7/7/2014)
Liquefied Natural Gas Limited (LNGLF) Increasing Global Energy Demand and
Innovative LNG (Article Dated: 7/7/2014)
EIA Says Capacity Up, Ownership Shifting at U.S. Refineries (Article
Dated: 7/3/2014)
U.S. Court Won't Hear Dispute over California Fuel Standard (Article
Dated: 7/3/2014)
Takeover Builds Hopes to Save Milford Haven Oil Refinery (Article Dated:
7/3/2014)
Czech Refinery Renews Slovak Deal for Russian Oil Supply (Article Dated:
7/3/2014)
Micro Refineries' a Solution to Oil-train Woes, Energy Firm Quantum Energy Says
(Article Dated: 7/3/2014)
Quantum Enters LOI to Acquire Land for Montana Diesel Refinery (Article
Dated: 7/3/2014)
Uganda Selects Two Final Bidders for Its Oil Refinery Project (Article
Dated: 7/3/2014)
Russia's Rosneft Signs Further Oil Products Supply Deal with BP (Article
Dated: 7/3/2014)
Petronas to Build $27 Bln Refinery Complex (Article Dated: 7/2/2014)
U.S. Senators Request Meeting with BP after Lake Michigan Oil Spill
(Article Dated: 7/2/2014)
LyondellBasell Receives Offer for Mothballed French Refinery (Article
Dated: 7/2/2014)
Honeywell to Train Next Generation of Refinery Technicians in Vietnam
(Article Dated: 7/2/2014)
Global Refining Industry Outlook Predicts Growth in 2014, 2015 (Article
Dated: 7/2/2014)
Foster Wheeler Awarded Pemex EPC Contracts for Coker Slide Valves (Article
Dated: 7/2/2014)
URS Awarded Five-Year Contract Extension by WRB Refining at Wood River Refinery
(Article Dated: 7/2/2014)
Pacific Future Energy Announces $10 Bln Bitumen Refinery Project for B.C. North
Coast (Article Dated: 7/2/2014)
Alfa Laval Wins SEK 55 Mln Refinery Order in Vietnam (Article Dated:
7/2/2014)
Key Units at Argentina's Campana Refinery Stopped for Maintenance (Article
Dated: 7/1/2014)
The Oil and Gas Industry Will Pay $19 Billion for Valve Solutions In 2015
(News Release Dated: 7/1/2014)
Unconventional Oil and Gas Will Cause Valve Sales to Be $3 Billion Higher In
2015 (News Release Dated: 7/1/2014)
Total Says Saudi JV Jubail Refinery to Reach Full Output by Mid 2014
(Article Dated: 7/1/2014)
Coast Guard Says BP Whiting Refinery Spilled 9-18 Barrels of Oil (Article
Dated: 7/1/2014)
Global Power Equipment Group Awarded Over $30 Mln of Orders (Article
Dated: 7/1/2014)
Laffan Refinery 2 Foundation Stone Laying Ceremony Held April 1 (Article
Dated: 7/1/2014)
These sales leads are part of Oil, Gas, Shale and Refining Markets and
Projects, and are issued bi-weekly. As a subscriber to Water & Wastewater
Treatment Chemicals: World Market you receive a 30 percent discount
for this service.
For more information on Oil, Gas, Shale and Refining Markets and Projects,
click on:
https://www.mcilvainecompany.com/brochures/order/OilGasShaleandRefiningMarketsandProjects.htm
For more information on Water & Wastewater Treatment Chemicals: World
Market
http://home.mcilvainecompany.com/index.php/markets/27-water/449-n026-water-and-wastewater-treatment-chemicals
World Municipal Wastewater Projects Monthly Update - July 2014
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.
ASIA
EUROPE
MIDDLE EAST
NORTH AND SOUTH AMERICA
For more information on Water and
Wastewater Treatment Chemicals: World Market
http://home.mcilvainecompany.com/index.php/markets/27-water/449-n026-water-and-wastewater-treatment-chemicals
-------
You can register for our free McIlvaine Newsletters at:
http://www.mcilvainecompany.com/brochures/Free_Newsletter_Registration_Form.htm.
Bob McIlvaine
President
847-784-0012 ext 112
rmcilvaine@mcilvainecompany.com
www.mcilvainecompany.com
191 Waukegan Road Suite 208 | Northfield | IL 60093
Ph: 847-784-0012 | Fax: 847-784-0061