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October 30, 2015

Enterprise Products Partners is considering an expansion of the 270-mile Aegis ethane pipeline, which serves ethylene producers on the US Gulf Coast. The company says it will conduct a binding open commitment period during November to gauge shipper support.


October 30, 2015
Potash Corporation of Saskatchewan (PotashCorp; Saskatoon, SK) reports net income for the third quarter of $282 million, down 11% year-over-year (YOY), on revenues of $1.529 billion, down 7% YOY. Adjusted earnings of 37 cts/share fell just shy of the analysts’ consensus estimate of 38 cts/share as compiled by Thomson Reuters (New York)....
October 29, 2015
Water levels along the Rhine River in Germany are low and expected to subside further in the coming days. The low water levels are disrupting shipments of refined products and...
October 29, 2015
Methanex reports third-quarter net income of $78 million, up 50% year-over-year (YOY), on revenues of $527 million, down 29% YOY. Adjusted earnings of 26 cts/share missed the analysts’ consensus estimate of 37 cts/share. "Our third quarter adjusted net income reflects lower average realized methanol pricing compared to the second quarter of 2015,” says John Floren, president and CEO....
October 29, 2015
Saudi International Petrochemicals Co., (Sipchem) said on Thursday that it intends to shut down the Al Jubail-based methanol plant owned by affiliate International Methanol Co. (IMC)...
October 28, 2015
Samsung Engineering has been awarded an early-works contract by Lotte Chemical (Seoul) for a standalone 700,000-m.t./year ethylene glycol (EG) plant to be built alongside a steam...
October 28, 2015
To establish the first fertilizer plant in Tanzania, Tanzania Petroleum Development Corp.(Dar es Salaam) has entered into a joint venture  together with a consortium of Ferrostaal...
October 28, 2015
Technip announced on Wednesday that it has entered into a contract to supply its proprietary ethylene technology and process design package to an American subsidiary of PTT Global...
October 28, 2015
EuroChem (Zug, Switzerland), a leading global fertilizer company, said on Wednesday that its subsidiary EuroChem Trading USA has acquired Ben-Trei Fertilizer Co. (Tulsa, OK) a US-based...
October 27, 2015
Compass Minerals reports third-quarter net income of $27 million, down 69% year-over-year (YOY), on sales of $233 million, up 3% YOY. Adjusted earnings dropped 1% YOY to 80 cts/share, short of the analysts’ consensus estimate of 83 cts/share as compiled by Thomson Reuters (New York). The company has narrowed its full-year earnings guidance to $5.20-5.50/share, versus $5.10-5.60/share....
October 27, 2015
September statistics for Chinese imports show styrene volumes at an all-time high of 422,520 m.t., up 116,506 m.t. from the previous month. Monthly import volumes for 2015 had...
October 26, 2015
Advanced Petrochemical Co., a Saudi producer of propylene and polypropylene, said on Sunday that its joint venture in South Korea, SK Advanced, completed constructing a propane...
October 23, 2015

Styrolution has suspended development of an acrylonitrile-butadiene-styrene (ABS) joint venture with Braskem, citing market conditions in Brazil and the rest of South America. “Sadly, the rapid deterioration of the business climate in the region has significantly increased market and project execution risk,” says Kevin McQuade, CEO, Styrolution.


October 23, 2015
Pallas Nitrogen Texas (Dallas) says that it has completed "significant development, permitting, and engineering" on a project to build an ammonia plant at Pasadena, TX...
October 23, 2015
PhosAgro (Moscow) on Friday reported its fertilizer production and sales results covering the first nine months to 30 September 2015. The company’s production rose 9.7% to 5.034...
October 23, 2015
Syngas Energy Holdings (Houston) plans to build a $360-million, 500,000-m.t./year methanol plant in St. James Parish, LA, according to a press release issued by Louisiana Economic Development (LED). Assuming permits are granted, Syngas Energy expects to begin construction in the second quarter of 2016, with start up to come at the end of 2018. The plant would be expanded to 700,000 m.t./year in a later phase....
October 23, 2015
The deal, expected to be completed by the end of 2015, is the first step in Dow’s plans to reduce ownership and monetize stakes in a series of Kuwaiti joint ventures. Dow says it will receive $1.5 billion in pre-tax proceeds from the sale of MEGlobal....
October 22, 2015
Unipetrol (Prague), a subsidiary of PKN Orlen (Plock, Poland) has recorded an operational profit of 3.0 billion Czech kronor and a net profit of CzK1.6 billion in the third quarter...
October 21, 2015
Resources company BHP Billiton (Melbourne) says that its $2.6-billion potash project at Jansen, SK, is 51% complete and within budget. Work is progressing to finish the excavation and...
October 21, 2015
US nonfuel-use propylene stocks did not change during the week that ended on 16 October, but propane/propylene stocks fell for the first time in three weeks, according to data released on Wednesday by the Energy Information Administration (EIA)....
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