IHS Chemical Week

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

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March 30, 2012
Braskem (São Paulo) says it has a signed a deal with Mitsubishi Heavy Industries to supply three compressor trains for the planned 1.05 million m.t./year Ethylene XXI complex at...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Mitsubishi-to-Supply-Compressor-Trains-for-Braskem-Idesa-Ethylene-XXI-Project_42403.html
March 29, 2012
A significant premium in crude oil prices relative to natural gas has made ethane-to-ethylene economics in North America very profitable once again. Midstream energy and petrochemical companies are making significant investments in the North American market to leverage low-cost natural gas and natural gas liquids (NGL) feedstocks, Mark Eramo, v.p./research and analysis at IHS Chemical told attendees at the IHS World Petrochemical Conference currently being held in Houston....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/IHS-WPC-2012-North-American-Shale-Developments-Reshaping-Global-Ethylene-Markets_42366.html
March 29, 2012
Global petrochemical and plastics demand will expand about 4.4%/year through 2020, Gary Adams, chief advisor for IHS Chemical, told attendees at IHS Chemical’s World Petrochemical Conference being held this week in Houston. Petrochemical earnings should reach a global peak in 2015-2017, he adds.
...

http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/IHS-WPC-2012-Basic-Chemical-Demand-to-Hit-1-Billion-m-t-year-in-2020_42363.html
March 28, 2012
Showa Denko says it has temporarily suspended operations at its ethylene plant at the company’s production complex at Oita, Japan, for repair. The two-line ethylene plant has a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Showa-Denko-Temporarily-Shuts-Ethylene-Plant_42345.html
March 28, 2012
Toyo Engineering (Narashino, Japan) says it has been jointly awarded with the Engineering for the Petroleum & Process Industries (Enppi; Cairo), a contract to build a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Toyo-Engineering-Awarded-Contract-for-Ethylene-Plant-in-Egypt_42343.html
March 26, 2012
A surge in shale gas production is rapidly transforming the North American petrochemical industry, improving the cost position of producers and prompting major plans for new...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Petrochemicals-Shale-Gas-Restores-U-S-Competitiveness_42235.html
March 23, 2012
The rapid transformation of the North American petrochemicals outlook will dominate discussions at key industry conferences over the next few weeks, including the American Fuel and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Petchem-Revival_42254.html
March 20, 2012
Enterprise Products Partners says it will build two more natural gas liquid (NGL) fractionators at its Mont Belvieu, TX complex that will provide 150,000 bpd of incremental...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Enterprise-to-Build-Two-More-NGL-Fractionators-at-Mont-Belvieu_42122.html
March 16, 2012
This Week on CW:   Shell Chemical says it is evaluating a site in Pennsylvania for a new, world-scale ethane cracker that will mostly serve the U.S. northeast. The company has...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Chemical-Industry-Weekly-News-Round-Up-Mar-16_42093.html
March 14, 2012
Indorama Ventures (Bangkok) says it is studying a world-scale, greenfield steam cracker and ethylene glycol (EG) project in the U.S....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Indorama-Planning-U-S-Cracker-Project_42019.html
March 13, 2012
Total today signed a "comprehensive" memorandum of understanding with Kuwait Petroleum International (KPI) and Petrochemical Industries Co. (PIC; Kuwait City) covering...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Total-Signs-Deal-to-Partner-with-Kuwait-and-Sinopec-in-Petchems-Project_41961.html
March 13, 2012
Nova Chemicals reported fourth-quarter net income of $77 million, up 22% from the year-ago quarter, on higher margins in the company’s olefins segment. Sales were down 5.8% from...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Nova-Chemicals-Posts-Fourth-Quarter-Profit_41962.html
February 27, 2012
Formosa Plastics says it will invest about $1.7 billion at its Point Comfort, TX site to build a new, grassroots 800,000-m.t./year ethane cracker, an associated 600,000-m.t./year propane dehydrogenation (PDH) unit and a new 300,000-m.t./year low-density polyethylene (LDPE) resin plant. Start-up is expected in 2016, Formosa says.
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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Formosa-Updates-Plans-for-U-S-Expansion_41617.html
February 24, 2012
This Week on CW:   BASF’s fourth-quarter earnings were adversely impacted by economic weakness, but the company still showed profitability and forecasts growth for this...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Chemical-Industry-Weekly-News-Round-Up-Feb-24_41588.html
February 21, 2012
Westlake Chemical reported fourth-quarter 2011 net income of $26.4 million, down 68% from the year-ago period, primarily due to higher feedstock costs. Sales were up 8%, to $859.2...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Higher-Feedstock-Costs-Drive-Down-Earnings-at-Westlake-Chemical_41504.html
February 15, 2012
Bayer has leased its 1,400-acre site at New Martinsville, WV to Gastar Exploration (Houston) for $30-million deal. Gastar will drill for gas at the site for 30 years, and plans to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Bayer-Leases-WV-Land-to-Gastar-Exploration-for-$30-Million_41373.html
February 14, 2012
Aither Chemicals (South Charleston, WV) and Pittsburgh’s Renewable Manufacturing Gateway (RMG: Pittsburgh, PA) have signed a letter of engagement to invest about $750 million...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Start-up-Petrochemical-Company-Seeks-to-Build-Catalytic-Based-Ethane-Cracker-in-U-S-Northeast_41300.html
February 14, 2012
Saudi Arabia's Royal Commission for Jubail and Yanbu says it has authorized previously announced chemical expansion projects totaling SR21.2 billion ($5.6 billion) at Jubail. The deals...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Saudi-Arabia-Approves-$5-6-Billion-Expansion-Projects-at-Jubail_41339.html
February 13, 2012
Qatar Petroleum (QP; Doha) and Qatar Petrochemical Co (Qapco; Doha) have reached agreement to build an integrated petrochemical complex in Ras Laffan, Qatar....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/QP-and-Qapco-to-Build-Petrochemical-Complex-at-Ras-Laffan_41304.html
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