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June 21, 2012
The government of Croatia says it has failed to persuade the main creditors of heavily indebted petrochemical producer Dioki Group (Zagreb) to accept a debt-equity swap as part of a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Creditors-Reject-Debt-Equity-Swap-for-Croatian-Petchem-Producer_44360.html
June 14, 2012
Mitsubishi Chemical says it will close permanently the company’s No. 1 naphtha cracker at Kashima, Japan, citing expected lower demand. The intended closure, scheduled by 2014...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Mitsubishi-Chemical-to-Close-Kashima-Cracker_44074.html
June 13, 2012
Showa Denko says it has today restarted operations at its ethylene plant at the company’s production complex at Oita, Japan, following completion of repair work in the equipment...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Showa-Denko-Restarts-Ethylene-Plant_44125.html
June 12, 2012
LyondellBasell was awarded a $4.5-million grant to develop catalyst-assisted technology to improve the energy efficiency of ethylene production from ethane while emitting less...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LyondellBasell-Awarded-DOE-Grant-for-Energy-Efficient-Ethylene-Production-Technology_44107.html
June 8, 2012
This Week on CW:   At ACC’s 2012 annual meeting in Colorado Springs, CO, industry leaders expressed growing concern about declining energy and chemical prices and inventory...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Chemical-Industry-Weekly-News-Round-Up-June-8_44068.html
June 6, 2012
Westlake Chemical says it has split its olefins and business development unit into two separate departments in order to provide focused attention and resources to the company’s...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-Divides-Olefins-and-Business-Development-Units_44000.html
June 5, 2012
U.S. ethylene contracts for the month of May have settled at a decrease of 9 cts/lb, to 46.25 cts/lb, on lower spot prices and reduced production costs. The settlement reflects a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Ethylene-Falls-to-Near-10-Year-Low_43969.html
May 25, 2012
Rosneft (Moscow), Russia’s oil and gas major with petrochemical ambitions, has appointed Igor Sechin as the new president of the company. The appointment was endorsed by...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/New-Company-President-Plans-to-Revitalize-Rosneft_43717.html
May 22, 2012
Technip (Paris) has reached a definitive agreement to acquire the energy and chemicals (E&C) business of Shaw Industries for €225 million ($287 million)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Technip-to-Acquire-Shaws-Energy-and-Chemicals-Group-for-&euro225-million-Update_43652.html
May 21, 2012
Braskem (São Paulo) and Grupo Idesa (Mexico City) say they have received final approval for $300 million in financing from the International Finance Corporation (Washington)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Ethylene-XXI-Receives-Financing-Environmental-Approvals_43631.html
May 18, 2012
This Week on CW:   At APIC 2012 in Kuala Lumpur, speakers and attendees discussed the positive outlook for Asia’s petrochemicals sector, calling it a bright spot in an...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Chemical-Industry-Weekly-News-Round-Up-May-18_43621.html
May 18, 2012
Braskem (São Paulo) reported first quarter Ebitda of of R$787 million ($395 million), down 11% from the year-ago quarter, due to pricing pressures and increased raw material...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Braskem-Earnings-Drop-Updates-Ethylene-XXI-Status_43569.html
May 18, 2012
Eramo: Asian demand will drive global growth. The state of the global petrochemical industry and strategies for chemical markets in Asia topped discussion at the Asia Petrochemical...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/APIC-2012-A-Positive-Outlook-For-Asias-Petchem-Industry_43562.html
May 18, 2012
Woelfel: Positioning the company for growth. Nova Chemicals has set out to capitalize on abundant and cost-advantaged ethane by expanding ethylene and polyethylene (PE) operations in...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Nova-Chemicals-Boosting-Feedstocks-Reaping-Benefits_43534.html
May 17, 2012
Sabic says that its previously announced project to upgrade the Olefins 4 plant at the company's petrochemical production complex at Geleen, the Netherlands will cost €135...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sabic-to-Invest-&euro135-Million-for-Olefins-Upgrade-in-the-Netherlands_43541.html
May 11, 2012
This Week on CW:   Westlake has dropped its $1.3-billion unsolicited bid for Georgia Gulf after the rival vinyls maker refused to enter into negotiations.   Ineos is...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Chemical-Industry-Weekly-News-Round-Up-May-11_43431.html
April 30, 2012
  Nizhnekamskneftekhim (Nizhnekamsk, Russia), one of the largest petchems producers in Russia, has selected the Lummus ethylene and Linde alpha olefins processes for a major...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Nizhnekamsk-Signs-Contracts-with-Lummus-and-Linde-for-Petchems-Projects-in-Russia_43107.html
April 19, 2012
Dow Chemical says it will build a previously announced ethylene plant at its Freeport, TX complex to take advantage of low-cost feedstocks available from increasing U.S. supplies...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Dow-Selects-Freeport-TX-Site-for-New-Ethylene-Plant_42791.html
April 18, 2012
Jacobs Engineering says it has received an engineering, procurement, and construction management (EPCM) services contract from Sabic, to support the upgrade of the Olefins 4 plant at...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Jacobs-Awarded-Contract-for-Sabic-Olefins-Upgrade_42749.html
April 11, 2012
KBR says it has been awarded a contract by Ineos Olefins & Polymers USA to design and construct an ethylene furnace at Ineos's Chocolate Bayou olefins complex at Alvin, TX. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/KBR-Awarded-Contract-for-Ineos-Ethylene-Hike-at-Chocolate-Bayou_42628.html
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