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In the last five years, there has been a rise in announcements from Middle Eastern and Asian companies about shared petrochemical asset ownership. These have mostly been associated with refinery-to-chemicals complexes in Asia but also in the Gulf Cooperation Council (GCC).
This article dives into recent joint ventures in the petrochemical space involving parti...
In January 2026, the Ministry of Finance and the State Taxation Administration of China made a surprise announcement on the cancellation of the Value-Added Tax (VAT) refund on exports of photovoltaic and related products. The new policy is set to take effect from 1 April 2026 and polyether polyols are included within the range of products. The unexpected move ...
Escalating geopolitical tensions involving Iran are placing global hydrocarbon markets under renewed strain. The Middle East supplies roughly one-quarter of the world’s crude oil, LNG, and NGLs, with much of that volume transiting the critical chokepoint of the Strait of Hormuz. Recent U.S. strikes and subsequent retaliation have heightened the risk of supply disruptions; eve...