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April 18, 2013
Sabic Europe (Sittard, Netherlands) has announced a major restructuring of its operations, resulting in 1,050 job cuts. Sabic employees represent two-thirds of the cuts announced...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sabic-restructures-European-operations-cuts-more-than-1000-jobs_51273.html
April 17, 2013
Sibur (Moscow), Russia’s largest petrochemicals company, has outlined its investment plans and announced the completion of a 500,000-m.t./year polypropylene (PP) plant at...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sibur-readies-world-scale-PP-plant-to-decide-soon-on-major-olefins-complex_51212.html
April 15, 2013
In a bid to beat the crowd of ethane cracker projects destined for the United States, Sasol has ordered the main ethylene compressor trains of its Lake Charles, LA, $5–7-billion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sasol-orders-compressors-licenses-process-technology_51120.html
April 12, 2013
Braskem (São Paulo) says it will start a training program for the employees of its Idesa plant in Nanchital, Mexico, in May. A total of 400 industrial workers will have to be...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Braskem-to-start-training-of-workers-for-its-Mexican-petrochemical-complex_51148.html
April 9, 2013
"The placement of this order has secured vital manufacturing capacity,” says Johan du Preez, executive v.p./US megaprojects....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sasol-orders-ethylene-compressors-for-planned-Lake-Charles-cracker_51004.html
April 2, 2013
Titan Kimia Nusantara (Jakarta), a subsidiary of Lotte (Seoul), plans to build a naphtha cracker complex near the company’s industrial plant at Merak, Indonesia, with capacity...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Report-Lotte-subsidiary-to-build-naphtha-cracker-in-Indonesia_50884.html
March 21, 2013
Although shale gas has cut into North American benzene supply and raised prices, it has simultaneously advantaged the production of benzene derivatives...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/IHS-WPC-Shale-will-drive-benzene-derivatives-in-North-America_50684.html
March 21, 2013
Weaker demand growth coupled with stronger rates of capacity expansion has dampened the profit outlook for ethylene, particularly for high-cost producers that use heavier feedstocks, says Mark Eramo, v.p./chemical market insights for IHS Chemical....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/IHS-WPC-Ethylene-profit-outlook-muted-by-weaker-demand-supply-surge-Eramo_50683.html
March 20, 2013
Huntsman says it has successfully completed scheduled maintenance of its olefins and ethylene oxide facilities at Port Neches, TX, and the units are operating at normal rates. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Huntsman-completes-olefins-EO-maintenance-at-Port-Neches_50640.html
March 19, 2013
Increases in polyethylene (PE) prices are expected to take place in Europe during March on the back of higher ethylene prices, but weak downstream converter and consumer demand are...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/European-PE-price-hikes-could-be-limited-by-weak-demand_50616.html
March 19, 2013
LyondellBasell Industries announced plans last week to add 800 million lbs/year of ethylene capacity at its Corpus Christi, TX, site by late 2015 as part of a capital spending ramp-up...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LyondellBasell-boosts-US-ethylene-PE-expansion-plans_50545.html
March 14, 2013
LyondellBasell Industries said today that it will add 800 million lbs/year of ethylene capacity at its Corpus Christi, TX, site by late 2015. Company officials also announced plans to add as much as 1.2 billion lbs/year of polyethylene (PE) in the United States by 2016 at an analyst meeting in New York today....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LyondellBasell-details-ethylene-boost-at-Corpus-Christi-plans-PE-unit_50474.html
March 4, 2013
Sabic will not be going ahead with plans announced last year to build a $5.3-billion methanol-to-olefins complex in Trinidad and Tobago in a joint venture with Sinopec, Sabic said...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sabic-pulls-out-of-$5-3-billion-methanol-to-olefins-JV-project-in-Trinidad-and-Tobago-Update_50216.html
March 1, 2013
Hanwha Chemical (Seoul) plans to build an ethylene plant in the United States in collaboration with a local shale gas company, Korean reports said today, citing an unnamed source...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Hanwha-Chemical-plans-ethylene-plant-in-the-United-States-based-on-shale-gas_49896.html
March 1, 2013
Hanwha Chemical (Seoul) plans to build an ethylene plant in the United States in collaboration with a local shale gas company, according to Korean press reports, citing an unnamed...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Hanwha-eyes-US-ethylene-plant-based-on-low-cost-shale_50173.html
March 1, 2013
Net income for the fourth quarter 2012 totaled $95.3 million, or $1.42 per diluted share, compared to net income of $26.4 million, or $0.40 per diluted share, in the year-ago period....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-earnings-soar-on-shale-advantage_49940.html
March 1, 2013
Fourth-quarter 2012 profit totaled $57 million on revenue of $1.104 billion, versus profit of $77 million on revenue of $1.102 billion in the year-ago period....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Nova-earnings-down-on-falling-ethylene-prices_50200.html
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