IHS Chemical Week

Archives :: Markets :: Basic Chemicals :: Petrochemicals :: Ethylene

Displaying 1 - 20 of 1140 stories.
February 5, 2016
Indian Prime Minister Narendra Modi on Friday officially inaugurated the long-delayed 100 billion Indian rupees ($1.48 billion) Brahmaputra Cracker and Polymer complex at Lepetkata...
February 8, 2016
LyondellBasell reports net income for the fourth-quarter of $795 million, up 0.5% year-over-year (YOY) from $791 million. Sales totaled $7.071 billion, down 31.3%. Adjusted earnings of $2.20/share beat the average analyst estimate of $2.14/share as compiled by Thomson Reuters (New York). Lower ethylene margins took a large chunk of the earnings, partly offset by higher polyolefin volumes and margins....
February 2, 2016
The US January ethylene net transaction contract settled lower for the second consecutive month on Tuesday, coming on the back of strong operating rates, healthy supply and bearish sentiment during January. The January ethylene net transaction (NT) contract price settled at 24.75 cts/lb, down by 1.00 ct/lb from December....
February 1, 2016
Sinopec’s output of the major petrochemical products increased in 2015, the company has announced. In its unaudited report, Sinopec says its production of ethylene rose 3.9%, to...
January 29, 2016
Unipetrol (Prague) estimates that lost earnings due to a previously reported explosion and fire at the company’s Litvínov, Czech Republic steam cracker on 13 August 2015...
January 28, 2016
A fire at one of MOL Petrochemicals’ two steam crackers at Tiszaujvaros, Hungary, on 21 January caused limited damage and no injuries. Production at the plant was halted but the...
January 28, 2016
Sadara, a Saudi Aramco-Dow Chemical joint venture now in the final stages of building a $20-billion petrochemical complex at Jubail, will commission its core unit, a mixed feed cracker...
January 26, 2016
DuPont on Tuesday reported a fourth-quarter 2015 net loss of $253 million, or 26 cts/share, due mostly to restructuring charges as the company implements cost-cutting programs. Sales...
January 25, 2016
Flint Hills Resources said in a filing with state regulators on Saturday, 23 January, that it was restarting a light olefins unit (LOU) at its Port Arthur, TX, facility following an upset on 22 January. The filing, published by the Texas Commission on Environmental Quality (TCEQ), said the upset caused the LOU to shut down....
January 25, 2016
ExxonMobil confirmed on Monday that flaring at its Beaumont, TX, facility will continue as the company works toward normal operations over the coming days. The company did not say when it aims to complete the process.  A spokesperson said the company expects to continue meeting contractual commitments....
January 25, 2016
Chandra Asri Petrochemical (Jakarta), the largest integrated petrochemical company in Indonesia, on Monday announced the completion of its naphtha cracker capacity expansion project at...
January 22, 2016
US ethylene spot prices began Friday on the rise, following a power failure at ExxonMobil's Beaumont, TX, facility during the afternoon of Thursday, 21 January. The company says that the refinery and chemical plant operations at Beaumont are in a safe-park mode, and the company will work to restore normal operations over the coming days....
January 21, 2016
US ethylene spot prices hit another seven-year low on Wednesday, amid bearish market sentiment, healthy supply, and limited storage. Ethylene traded on Tuesday at 15.50 cts/lb. The record low for ethylene since IHS Chemical began tracking daily ethylene spot trades in 2002 was 15.25 cts/lb in December 2008....
January 21, 2016
Kuwait is considering two options for its previously announced Olefins 3 complex, one with a steam cracker, the other with just aromatics, propylene, and polypropylene (PP)...
January 25, 2016
Saudi Arabian chemical producers are assessing the impact of the energy and feedstock price hikes announced by the Saudi government in its state budget on 29 December 2015. The...
January 8, 2016
Continued uncertainty in the energy markets will keep feedstocks at the forefront of developments in petrochemicals this year. The price of oil remains surprisingly low. IHS expects...
January 7, 2016
Cosmo Energy Holdings (Tokyo) will boost its stake in Maruzen Petrochemical, aiming to increase earnings amid cratering oil product prices, according to a company filing with the Japan...
December 22, 2015
An explosion at the high-density polyethylene (HDPE) plant of Marun Petrochemical Co. (MPC), a subsidiary of National Petrochemical Co. (Tehran), at Mahshahr, Iran, killed three...
December 22, 2015
Axiall and Lotte Chemical have made a final investment decision to build a 1 million m.t./year ethane cracker in Lake Charles, LA. Work to clear and prepare the site began in the fourth quarter, the companies say, and construction is scheduled to begin in the second quarter of 2016....
December 22, 2015
Some 400 people, including 80 high-ranking officials from Taiwan and China, attended the ground-breaking ceremony on 14 December for Fujian Gu Lei Petrochemical Corp., a previously...
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