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Benjamin McKeown

Global M&A: Shifting the global chemical industry balance | KPMG | GLOBAL - 0 views

  • This assessment certainly holds true for the chemical industry. Many chemical companies now have strong balance sheets as the result of increased sales in 2010 and lower overhead due to cost-cutting measures taken during the recession. With volumes still below 2008 levels, further sales growth is expected in 2011.
  • In addition, political instability in the Middle East and North Africa have the potential of generating a significant and long-term impact on oil prices and hence the global economy. As a result, many chemical companies are adopting a wait-and-see attitude for deal making in the region.
  • BICME countries (Brazil, India, China, Middle East) will increasingly dominate chemical industry M&A activity in the years ahead, supported by growth in end markets, government policies and access to funding. Already, M&A in BICME countries have increased from 5 percent of deal value and 17 percent of deal volume in 2007 to 30 percent of deal value and 28 percent of deal volume in 2010.
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  • Recent KPMG research suggests that over US$100 billion in deals could be transacted for global chemicals in the next two years. Much of this activity will have a deeply transformative effect on the industry.
  • Possible new majors by 2020
  • The world's chemical producing regions are starting from different positions in the race to capture this downstream demand. The established companies in the West will continue to leverage their traditional strengths in technology and expertise. Asian and Middle Eastern companies will take advantage of their relatively strong cash positions, government funding and proximity to feedstocks and high-growth markets. At the same time, competition between emerging market companies is likely to increase as players in both areas seek to acquire the same assets.
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    "Global M&A: Shifting the global chemical industry balance"
Benjamin McKeown

Climate Prediction Center - Cold Episodes - 0 views

  • At times ocean surface temperatures in the equatorial Pacific are colder than normal. These cold episodes, sometimes referred to as La Niña episodes, are characterized by lower than normal pressure over Indonesia and northern Australia and higher than normal pressure over the eastern tropical Pacific. This pressure pattern is associated with enhanced near-surface equatorial easterly winds over the central and eastern equatorial Pacific.
  • bnormally cold waters in the equatorial central give rise to suppressed cloudiness and rainfall in that region, especially during the Northern Hemispherel winter and spring seasons. At the same time, rainfall is enhanced over Indonesia, Malaysia and northern Australia. Thus, the normal Walker Circulation during winter and spring, which features rising air, cloudiness and rainfall over the region of Indonesia and the western Pacific, and sinking air over the equatorial eastern Pacific, becomes stronger than normal.
  • Significant departures from normal are shown in the accompanying figures for the Northern Hemisphere winter and summer seasons.
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  • During cold episodes, the colder than normal ocean temperatures in the equatorial central Pacific act to inhibit the formation of rain-producing clouds over that region. Wetter than normal conditions develop farther west over northern Australia, Indonesia and Malaysia, during the northern winter, and over the Philippines during the northern summer. Wetter than normal conditions are also observed over southeastern Africa and northern Brazil, during the northern winter season. During the northern summer season, the Indian monsoon rainfall tends to be greater than normal, especially in northwest India. Drier than normal conditions during cold episodes are observed along the west coast of tropical South America, and at subtropical latitudes of North America (Gulf Coast) and South America (southern Brazil to central Argentina) during their respective winter seasons.
Benjamin McKeown

Are eco-friendly initiatives pointless unless we tackle overpopulation? | Life and styl... - 0 views

  • carrying capacity
  • His answer? “If you want to live like North Americans, 200 million.”
  • Determining some sort of final number that the human race can comfortably survive at is virtually impossible without considering the differing way we consume resources. Each American single-handedly produces the same amount of carbon emissions as 20 people from India, 30 from Pakistan or 250 from Ethiopia.
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