IHS Chemical Week

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

Displaying 1 - 20 of 850 stories.
September 22, 2014
Sibur (Moscow), Russia’s largest petrochemicals player, last week signed a cooperation agreement with the government of the Amur region, in far eastern Russia, covering a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sibur-will-seek-partners-for-petchems-project-in-Russias-Far-East_63920.html
September 16, 2014
Sibur (Moscow), Russia’s largest petrochemical company, said today that, following the completion of the front-end engineering design (FEED) contracts and assessment of the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sibur-proceeds-with-$9-5-billion-petchem-project-at-Tobolsk_63837.html
September 4, 2014
Boardwalk Pipeline Partners (Houston) has agreed to acquire Chevron Petrochemical Pipeline, which owns the Evangeline ethylene pipeline system, for $295 million in cash. The acquisition is expected to close in the fourth quarter, Boardwalk says....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Boardwalk-to-acquire-Evangeline-ethylene-pipeline-for-$295-million_63623.html
August 29, 2014
Odebrecht’s (Salvador, Brazil) Appalachian Shale Cracker Enterprise (Ascent) steam cracker project continues to move forward with the acceptance of its voluntary remediation application by the West Virginia Department of Environmental Policy (WVDEP). The agency says its office of environmental remediation and Ascent are currently negotiating an agreement for the identification of health and ecological risks associated with current and potential future uses of the site and the establishment remediation standards....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Odebrechts-Ascent-cracker-project-negotiates-remediation-agreement-with-WVDEP_63505.html
August 28, 2014
Start up company Appalachian Resins (Houston) is leasing land in Salem Township, OH for a proposed $1-billion ethylene and polyethylene (PE) production facility. Appalachian Resins had...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Appalachian-Resins-leases-land-in-Ohio-for-$1-billion-project_63456.html
August 27, 2014
Reliance Industries (Mumbai) said today that its Hazira, India, ethylene plant will be shut down for a planned turnaround. The plant, currently Reliance’s largest ethylene...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Reliance-Industries-plans-turnaround-at-its-largest-cracker_63413.html
August 15, 2014
Sabic has announced that it is going ahead with majorly upgrading its olefins plant at Wilton, UK, to enable it to use ethane gas feedstock imported from the United States. The company...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sabic-proceeds-with-converting-UK-cracker-to-use-US-ethane_63232.html
August 14, 2014
Borealis today reported improved second-quarter results and said that the recently signed contract with North American ethane suppliers will reduce its operating costs in Europe. Mark...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Borealis-reports-improved-results-says-ethane-deal-will-reduce-costs-significantly_63180.html
August 12, 2014
Nova Chemicals reports second-quarter profit of $167 million, down 17% year-on-year (YOY) from $201 million, with lower margins in the olefins segments partially offset by higher margins in polyethylene. Sales slipped 5.8%, to $1.29 billion....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Nova-quarterly-profit-down-17-percent-PE-gains-offset-by-weak-olefins_63126.html
August 12, 2014
Industries Qatar (IQ; Doha), a listed firm that controls some of the country’s major petrochemical, fertilizer, and steel manufacturing companies, reports a decline in earnings...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shutdowns-and-lower-fertilizer-prices-reduce-earnings-at-Industries-Qatar_63124.html
August 5, 2014
EPA has granted greenhouse gas prevention of significant deterioration (GHG-PSD) permits to Formosa Plastics Corp. (FPC) for the construction of a 1.6-million m.t./year ethane cracker, a 660,000-m.t./year propane dehydrogenation (PDH) unit, and a 570,000-m.t./year low-density polyethylene plant at its Point Comfort, TX, site....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/EPA-grants-permits-to-Formosas-ethylene-propylene-and-polyethylene-projects_63002.html
August 5, 2014
Dow has lost about 100,000 m.t. of ethylene production from its Fort Saskatchewan, AB, ethane cracker because of an unplanned outage on 22 July, the company says....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Unplanned-outage-at-Ft-Saskatchewan-costs-Dow-100000-m-t-of-ethylene_63001.html
August 5, 2014
Westlake (Houston) reports second-quarter net income of $169.4 million, up 35% year-over-year (YOY), on sales of $998.6 million, up 7% YOY. However, earnings of $1.26/share fell short of the analysts’ consensus estimate of $1.45, as reported by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-reports-record-operating-profits-but-misses-estimates_62987.html
July 31, 2014
Williams has pushed back restarting its Geismar, LA, cracker to September in order to install safety-related equipment, the company says in its second-quarter earnings release. Williams aims to begin ethylene production and sales in October....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Williams-postpones-Geismar-restart-to-add-safety-equipment_62897.html
July 31, 2014
Braskem-Idesa, the joint venture implementing the Ethylene XXI project in Mexico, says it has appointed Jorge Barreda Vázquez as its new commercial director effective 1 August...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Braskem-Idesa-appoints-new-commercial-director-for-Ethylene-XXI-project_62855.html
July 30, 2014
Westlake Chemical Partners (Westlake Partners; Houston), a master limited partnership formed to manage the ethylene production assets of Westlake Chemical, has begun trading on the New York Stock Exchange (NYSE). Shares opened the first day of trading, 30 July, at $30.28....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-Chemical-Partners-prices-IPO-at-$24share-begins-trading-on-NYSE_62810.html
July 30, 2014
Eastman shut down its HCC-4 hydrocracker at Longview, TX, on 28 July after discovering a leak in a process pipe. The pipe is being repaired, and Eastman expects to bring the unit back online later this week. The incident caused no injuries, and the company does not expect it to have any offsite impact....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Eastman-Longview-cracker-down-for-repairs_62778.html
July 23, 2014
Europe's ethylene producers expect to be able to defend current contract price levels despite a long market balance, as the European industry prepares for the scheduled turnaround of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Europes-ethylene-producers-hope-to-defend-August-prices-despite-oversupply_62662.html
July 21, 2014
Westlake Chemical Partners (Houston) announced on 21 July the start of its initial public offering of 11.25 million common units, which are to be listed on the New York Stock Exchange as WLKP. The company, a master limited partnership established to operate the ethylene production facilities of Westlake Chemical (Westlake; Houston), aims to be priced at $19–21/unit, about $225 million in total....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-launches-$225-million-IPO-of-ethylene-MLP_62611.html
July 11, 2014
US ethylene strengthened this week, spurred by an outage at Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) Port Arthur, TX, cracker; the delayed restart of LyondellBasell’s cracker at La Porte, TX; and imminent planned maintenance at ExxonMobil’s cracker at Baton Rouge, LA....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-ethylene-prices-strengthen-on-outages_62419.html
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