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April 15, 2015Braskem is reevaluating its planned Parkersburg, WV cracker, a joint venture with Odebrecht, to address uncertainties generated by the steep decline in crude oil pricing. Assuming it proceeds, startup would come after 2020, says Fernando Musa, CEO of Braskem America. “This is something that we will continue to pursue, and look for the right timing and moment to invest,” he adds....
April 15, 2015The US chemical industry is poised to capitalize on the increased supply of energy and feedstocks that will allow it to reestablish itself as a leading global supplier, ACC president...
April 15, 2015The output of chemicals in the European Union rose by a paltry 0.2% in 2014, while sales fell 1.1% compared with the previous year because of lower prices, according to the latest...
April 10, 2015New DuPont director and former LyondellBasell Industries CEO Jim Gallogly was approached by Trian Fund Management (New York) to join the activist hedge fund’s dissident slate for...
April 10, 2015Total Petrochemicals & Refining USA (Houston) has filed environmental permit applications with the Texas Commission on Environmental Quality and the U.S. Army Corp. of Engineers to...
April 2, 2015Siluria (San Francisco) has started up a plant at La Porte, TX, to demonstrate its process for the manufacture of ethylene by the oxidative coupling of methane (OCM). The development represents the world’s first large-scale production of ethylene directly from natural gas via OCM, says Siluria. The company intends to commercialize the process in 2017-18....
March 27, 2015Demand for key basic chemicals has surged since the financial crisis of 2008-2009, but imbalances in supply and demand have emerged that will shape margins through the end of the decade, says Mark Eramo, v.p./global chemical insights at IHS Chemical. Ethylene and vinyls are set to benefit, but methanol could be challenged....
March 25, 2015“Changing oil prices have not changed the fact that shale production technologies have unlocked an abundant long-term supply of natural gas in the region,” says Matt Aguiar, senior v.p. at ExxonMobil Chemical. “US gas production has grown by 45% over the past six years. The nation has a nearly 100-year natural gas supply, and it’s still growing.”...
March 20, 2015DSM has agreed to sell a 65% stake in its polymer intermediates business—caprolactam and acrylonitrile—and composite resins to CVC Capital Partners (London). The enterprise...
March 20, 2015A. Schulman has signed a definitive agreement to acquire Citadel Plastics Holdings (West Chicago, IL), a portfolio company of private equity firms HGGC (Palo Alto, CA) and Charlesbank Capital Partners (Boston), for $800 million....