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October 31, 2016
US benzene production in the third quarter of 2016 dropped by 1.29 million gallons (4,250 metric tons) compared to the second quarter of the year, whilst inventory fell by 24.94 million gallons, according to data released by the American Fuel and Petrochemical Producers (AFPM) Monday....
October 31, 2016
A fire took place at PCK Schwedt's (Schwedt/Oder, Germany) on 29 October at 23.00 local time causing "relevant installations" to be taken offline, the company said in a...
October 31, 2016
As part of the deal, Ineos will acquire the equity interests of KR Copolymer, a joint venture between CPChem and Daelim Industrial, which owns and operates an SBC plant in the Yeosu Petrochemical Complex in South Korea. Certain CPChem SBC intellectual property and other assets related to the business will also be transferred....
October 31, 2016
Europe's styrene barge contract price for November was agreed on today at €1,025/metric ton fob Rotterdam, an increase of €40, or 2.5%, from the October settlement. ...
October 31, 2016
GTC Technology (Houston) says it has agreed to provide its GT-BTX technology to Nizhnekamskneftekhim (NKNK; Nizhnekamsk) for the modernization of a benzene production facility at the company’s EP-600 olefins complex in Nizhnekamsk, Republic of Tatarstan, Russia. Start-up is planned for 2017....
October 31, 2016
Nylon 6 producer AdvanSix (Morris Plains, New Jersey) is extending ongoing fourth-quarter turnaround activities by two weeks to correct a problem discovered during inspection of its 600,000 metric ton/year ammonia plant at Hopewell, Virginia. The ammonia turnaround, which began on 17 October, was scheduled to finish in 20 days, on 6 November, but the additional two weeks push completion out to 20 November....
October 31, 2016
Olin (Clayton, Missouri), still in its first year after merging with Dow Chemical’s chlor-alkali and vinyls business in October 2015, reports third-quarter net income of $17.5 million, up from a loss of $1 million in the second quarter. Sales totaled $1.453 billion, up 6.5% from the second quarter. Adjusted net earnings per share of $0.33 equaled the consensus forecast....
October 31, 2016
The European benzene contract price for November has settled at $659 (€603) per metric ton, a decline of $11 (an increase of €6) from the October settlements of $670 (€597) per metric ton....
October 31, 2016
BASF has declared force majeure on deliveries of dispersions, dispersion powders and hotmelts on acrylic monomer basis from BASF sites in Ludwigshafen, Germany and Tarragona, Spain...
October 28, 2016
Jilin Connell Chemical Industry Co. (Jilin, China) has selected Honeywell's advanced methanol-to-olefins (MTO) process to tap domestic coal resources to produce ethylene and propylene...
October 28, 2016
The European butyl acrylate spot market has spiked dramatically over the past week on tightened domestic availability, fallout from the 17 October explosion at BASF’s Ludwigshafen, Germany, site and production issues at other European producers. The higher prices could drive an increase in imports during the fourth quarter, and they have already drawn price increases in Asia....
October 28, 2016
The board of mining company Vale (Rio de Janeiro, Brazil) has approved the previously announced sale of the company's fertilizer business, according to a report from Brazilian...
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