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February 24, 2015
Westlake Chemical Partners LP (Houston) reports net income of $8.6 million on sales of $274 million for the fourth quarter of 2014. The period was the first full quarter for the business, a master limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop ethylene production facilities. Earnings of 32 cts per limited partner unit were short of the analysts’ consensus estimate of 34 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-ethylene-MLP-reports-net-income-of-$8-6-million-for-its-first-full-quarter_68048.html
February 24, 2015
Japan's benzene, toluene, and xylene (BTX) production in January was mostly lower on monthly and annual bases, data from the Japan Petrochemical Industry Association (JPCA; Tokyo)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Japans-January-BTX-output-mostly-down-on-monthly-annual-bases_68021.html
February 24, 2015
Japan produced 614,100 m.t. of ethylene in January 2015, 2.5%, or 16,000 m.t., less than in December 2014 and down 4.6% year-on-year (YOY), or 29,800 m.t., data from the Japan...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Japans-January-ethylene-production-declines-2-5-percent-versus-December_68020.html
February 24, 2015
The current arctic blast in the US northeast has so far had little operational impact on refinery operations in that region. Weather forecasts are showing that temperatures on 24...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/US-east-coast-refiners-report-little-operational-impact-from-freezing-temperatures_68019.html
February 24, 2015
US market participants said on 23 February that LyondellBasell Industries' recent production issue at the company's propylene oxide-styrene monomer (POSM) unit at Channelview, TX...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/LyondellBasells-Channelview-production-issues-short-lived-sources-say_68018.html
February 23, 2015
The Saudi Arabian Mining Co., (Ma’aden) said today that Ma’aden Phosphate Company (MPC), a joint venture owned 70% by Ma’aden and 30% by Sabic, has resumed operations...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Maaden-resumes-production-at-ammonia-plant-after-maintenance_67992.html
February 23, 2015
Cronus Chemicals (Chicago) has signed an engineering, procurement, and construction (EPC) contract with Tecnimont-Illinois, a Tecnimont subsidiary, for the previously announced Cronus...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/Cronus-Chemicals-signs-EPC-contract-for-Illinois-fertilizer-project_68008.html
February 23, 2015
Four petrochemical units at Feyzin, France, are expected to go into an eight-week maintenance turnaround starting tomorrow, according to local news report. Total operates a refinery at...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Report-Total-Solvay-petchem-JV-in-France-to-start-eight-week-turnaround_68001.html
February 23, 2015
Braskem has not yet approved its 2015 investment budget, and the company's board has decided to take a couple of extra months to refine it because of the volatility in energy markets...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Braskem-board-yet-to-approve-2015-budget-future-of-Comperj-petchems-project-uncertain_68005.html
February 23, 2015
India has extended an antidumping duty on acetone from South Korea by five years starting 18 February, the Ministry of Finance (New Delhi) says. The extension results from a sunset...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/acetone/India-extends-antidumping-duty-on-acetone-from-Korea-by-five-years_67994.html
February 21, 2015
Chevron Phillips Chemical (CPChem) is expected to restart production over the weekend at its Cedar Bayou, TX facility, according to US olefins sources. The company said in a state...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-expected-to-restart-production-at-Cedar-Bayou-this-weekend_67988.html
February 20, 2015
Petkim (Aliaga, Turkey) is restarting its newly expanded purified terephthalic acid (PTA) unit at Aliaga. The project to increase PTA capacity at the site from 70,000 m.t./year to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Petkim-restarts-expanded-PTA-plant_67979.html
February 20, 2015
ThyssenKrupp Industrial Solutions has won a follow-up order from the Hungarian fertilizer manufacturer Nitrogénmüvek Zrt. to expand production capacity. ThyssenKrupp...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/ThyssenKrupp-Industrial-Solutions-to-build-nitric-acid-plant-in-Hungary_67978.html
February 20, 2015
Propylene inventories were up slightly in the United States for the week ended 13 February, according to data released by the US Energy Information Administration. Domestic inventories...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Propylene-stocks-up-in-US_67931.html
February 20, 2015
US prompt benzene spot prices have again dropped below the $2.00/gallon mark this week on the back of ample supply, weak demand, declining crude futures, and the potential for imports...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Benzene-prices-fall-back-below-$2-00gallon-in-US-on-weak-fundamentals_67933.html
February 19, 2015
Fertilizer major PhosAgro (Moscow) has announced the commissioning of a new phosphate-potash fertilizer production line with a capacity of 100,000 m.t./year of PKS fertilizers...
http://www.chemweek.com/markets/basic_chemicals/inorganic_chemicals/fertilizers/PhosAgro-commissions-PKS-fertilizer-plant-in-Russia_67882.html
February 18, 2015
Tesoro's (San Antonio) board has approved two complementary investments—a mixed xylenes project and a naphtha isomerization project—at the company's Anacortes, WA...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/mixedxylenes/Tesoros-board-approves-mixed-xylenes-project-at-Anacortes_67855.html
February 18, 2015
Chandra Asri (Jakarta) plans to maintain production runs at its steam cracker at Cilegon, Indonesia, at about 80% of capacity until a scheduled maintenance program in the third...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Chandra-Asri-to-run-cracker-at-80-percent-of-capacity-until-third-quarter-turnaround_67849.html
February 17, 2015
South Korea’s benzene exports to the United States fell 48% in January from 136,501 m.t. in December 2014, to 71,615 m.t., but shipments to China almost tripled, to 95,149 m.t....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/benzene/Koreas-benzene-exports-sank-to-US-but-soared-to-China-in-January_67801.html
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