THAI PETROCHEMICAL INDUSTRY INSOLVENCY
Retained to assist with certain aspects of restructuring Thai Petrochemical Industry’s (TPI’s) debt. Analysis included an operational assessment, review of safety and maintenance practices, and analysis of business planning practices. Recommended improvements to Effective Planners Ltd., the court appointed planner for reorganizing debt.
FAIR MARKET ASSESSMENT OF A ROMANIAN PETROCHEMICAL COMPLEX
Provided an assessment of the fair market value of a large Romanian petrochemical plant based on the competitive petrochemical markets in Europe. This analysis examined the present worth of projected future cash flows based on historical performance of the facilities and their expected profitability as export facilities. A physical asset appraisal was also undertaken to provide an alternative basis for the fair market assessment.
POLYSTYRENE PLANT IN INDIA
Retained by the Overseas Private Investment Corporation (OPIC) to serve as the Independent Engineer on a grassroots polystyrene plant in India. Assessed technology, capital investment, operating expenses, environmental issues, and monitored the project schedule.
FEASIBILITY STUDIES OF MTBE PROJECTS
Conducted feasibility studies for MTBE projects in the U.S. and in the Middle East, including butane and methanol feedstock supply projections, an MTBE product demand forecast, and evaluation of available process technologies, including the offerings of UOP, ABB Lummus Crest Inc., Phillips Petroleum Company, and Snamprogetti S.p.A.