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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
January 26, 2012
Kuwait has confirmed that it has selected Total as the partner in a previously announced $9-billion refinery and petrochemical complex to be built at Donghai Island near Zhanjiang...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Total-Partners-with-Kuwait-Petroleum-Sinopec-in-Donghai-Island-Petchems-Project_40780.html
January 25, 2012
The Asian Development Bank (ADB; Manila) said today that it has approved a loan and political risk guarantees of up to $400 million to help build a previously announced petrochemical...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/ADB-Helps-Develop-Uzbekistans-Largest-Petchems-Complex_40740.html
January 20, 2012
China National Petroleum Corp. (CNPC), parent of PetroChina; Qatar Petroleum International (QPI); and Shell signed an agreement this week to proceed with a previously announced...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/PetroChina-Qatar-Petroleum-and-Shell-Ink-Agreement-for-World-Scale-Project-in-China_40657.html
January 19, 2012
Chevron Phillips Chemical (CPChem) has announced several management changes. Effective February 1, Greg Wagner will become v.p./human resources. Wagner replaces Chantal Veevaete, who...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-Announces-Management-Changes_40593.html
January 19, 2012
Kuwait’s previously announced Olefins III project is expected to be completed by end 2016, Maha Mulla Hussain, chairperson of Petrochemical Industries Co. (PIC) told CW recently...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Kuwait-Details-Olefins-III-Mohammad-Hussain-to-Succeed-Al-Terkait-at-Equate_40582.html
January 18, 2012
Arkema says it will withdraw the Evatane 33-15 and Lotryl 14MG02 grades from its Evatane and Lotryl functional polyolefin ranges. Evatane 33-15 is an ethylene vinyl acetate (EVA)-based...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Arkema-to-Withdraw-Two-Grades-from-Functional-Polyolefin-Ranges_40544.html
January 12, 2012
With the North American turnaround season is beginning to gear up, U.S. ethane prices have fallen 7% since the start of the year, to about 68 cts/gal, as a result of reduced operating...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Cracker-Turnarounds-Drive-Feedstock-Costs-Lower-but-Boost-Ethylene-Pricing_40412.html
January 9, 2012
Petrochemical producers expect a stronger year as demand continues to recover and capacity additions in the Mideast slow. Global demand for ethylene is expected to increase 3.9% in...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Petrochemicals-Stronger-Demand-Expected_40268.html
January 5, 2012
Petronas is in discussions with several companies including Dow Chemical, ExxonMobil, and Shell for building petrochemical plants at Petrona’s previously announced $20-billion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Petronas-in-Discussions-with-Several-Petrochemical-Companies-for-Rapid-Project_40182.html
December 21, 2011
Total announced today that through its wholly owned subsidiary PetroFina, it signed an agreement with ExxonMobil Petroleum & Chemicals under which ExxonMobil will transfer to Total...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Total-Buys-ExxonMobil-out-of-Fina-Antwerp-Olefins_39970.html
December 21, 2011
Sibur (Moscow), Russia’s largest petrochemicals player, will make a final investment decision next year on a previously announced world scale petrochemicals complex at Tobolsk...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sibur-Details-Plans-for-Huge-Petchems-Complex-at-Tobolsk_39969.html
December 19, 2011
Petchem Players Eye Benefits of Feedstock Revolution Midstream petroleum companies are poised to benefit from a building boom in the U.S. petrochemical industry, following a flurry of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shale-Gas-Generates-Investment-Boom_39760.html
December 16, 2011
This Week on CW:   Private equity firm Apollo Global Management has agreed to acquire alkylamines maker Taminco from CVC Capital Partners, another private equity firm, for $1.5...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Chemical-Industry-Weekly-News-Round-Up-Dec-16_39892.html
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