Monday 12 April 2010
Nord Stream pipeline will benefit chemical producers
Construction of the E8.8bn Nord Stream gas pipeline from Russia into Germany officially began last week. This should be good news for European chemical manufacturers who rely on natural gas as a feedstock, or for those planning to introduce more flexible feedstocks to their manufacturing capability. For the full entry click here http://www.icis.com/blogs/east-european-chemicals/2010/04/nord-stream-pipeline-will-benefit-chemical-producers.html
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Nord Stream is a project to construct a gas pipeline with the capacity of 55 billion cubic meters annually under the Baltic Sea. Gazprom owns a 51-percent stake in the venture, and two German companies (E.ON Ruhrgas and BASF/Wintershall) each acquired 24.5 percent.
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