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May 8, 2015
Dow Chemical's Taft, LA, no. 1 ethylene unit is expected to come back online by next week, according to market participants. The no.1 ethylene unit went down in late March for planned...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Dows-Louisiana-ethylene-unit-still-set-for-early-May-restart_70192.html
May 8, 2015
The no. 2 steam cracker of Total's Antwerp olefins subsidiary has restarted, the company has confirmed. The no. 2 Antwerp cracker had a leak on 25 April as a result of a mechanical...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Total-confirms-restart-of-Antwerp-NC2-cracker_70181.html
May 6, 2015
The April US ethylene net transaction contract will go unsettled, according to market participants on Wednesday. Producers were seeking a rollover from the March contract price of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-ethylene-contract-to-go-unsettled-for-April_70129.html
May 6, 2015
A previously announced petchems project planned in Belmont County, OH, is expected to require a capital expenditure of $5 billion, sources tell CW on the sidelines of the APIC 2015...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/PTTGC-outlines-Ohio-Indonesian-petchem-projects_70118.html
May 5, 2015
The IRS has issued a proposed ruling that could jeopardize plans to put petrochemical assets into tax-saving master limited partnerships (MLPs). The document specifically states that income derived from a steam cracker would not qualify for MLP status, directly contradicting a ruling issued on 2 July 2012....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Proposed-IRS-ruling-threatens-cracker-MLPs_70105.html
May 5, 2015
Boardwalk Pipeline’s Evangeline ethylene pipeline will remain down for the next couple of months, with an estimated restart date of 1 July. US styrene supply is expected to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-styrene-to-stay-tight-in-Louisiana-amid-ethylene-pipeline-issues_70100.html
May 5, 2015
ChevronPhillips Chemical (CPChem) has said its Sweeny, TX Ethylene Unit 22 will be returned to service following a planned maintenance turnaround. In a filing with the Texas Commission...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-Sweeny-ethylene-unit-returns-to-service_70099.html
May 5, 2015
Boardwalk Pipeline confirmed on Monday that its Evangeline ethylene pipeline has an estimated in-service restart date of 1 July. The early July restart date was in line with market...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Boardwalk-Pipeline-confirms-early-July-restart-for-Evangeline-Pipeline_70075.html
May 4, 2015
Westlake says conversions to cost-advantaged ethane feedstock improved first-quarter margins in the vinyls chain, but the gain was more than offset by lower margins in olefins. The company reports first-quarter net income of $146 million, down 7.6% year-on-year (YOY) from $158 million. Net sales increased 7.4% YOY to $1.104 billion, mainly on the contribution of Vinnolit, the specialty PVC resin business acquired last July. Earnings per share of $1.10 fell short of the analysts’ consensus estimate of $1.18, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-misses-estimates-as-crude-takes-toll-on-olefin-margins_70057.html
May 1, 2015
US olefins sources said on Friday that Boardwalk Pipeline's Evangeline ethylene pipeline would be back online in late June. The Evangeline pipeline, which transports ethylene between...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Evangeline-ethylene-pipeline-to-restart-in-late-June-sources-said_70036.html
April 30, 2015
Westlake Chemical Partners (Westlake Partners; Houston) has acquired approximately 2.7% of additional limited partner interest in Westlake Chemical OpCo (OpCo) for approximately $135...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-Partners-increases-interest-in-cracker-pipeline-affiliate-establishes-credit-facility_69970.html
April 30, 2015
LyondellBasell told analysts at an investor meeting in New York on 29 April that announced expansion projects have the potential add $1.5 billion in incremental earnings before interest, taxes, depreciation and amortization (Ebitda) once completed in 2019 based on current market economics....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LyondellBasell-says-projects-will-add-$1-5-billion-in-Ebitda-by-2019_69986.html
April 29, 2015
The No. 2 steam cracker of Total's Antwerp olefins subsidiary is still not running, the company has confirmed. Force majeure has been declared for all major products, the company...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Total-confirms-Antwerp-cracker-not-running-declares-force-majeure-across-all-major-products_69928.html
April 29, 2015
ChevronPhillips Chemical (CPChem) began the start up of the ethylene Unit 33 at its Sweeny, TX, facility on Monday, according to a filing with Texas regulators. Monday's filing with...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-begins-start-up-of-Sweeny-ethylene-unit_69908.html
April 28, 2015
As planned, Lotte Chemical (Seoul) began adjusting feedstocks for its steam crackers at Yeosu and Daesan, South Korea, today, a source close to the company says. The Yeosu cracker will...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Lotte-begins-adjusting-feedstocks-for-crackers_69873.html
April 27, 2015
Shell Chemicals has completed the front-end engineering design (FEED) study on its previously announced ethane cracker at Monaca, PA, and is expected to make a final investment...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shell-completes-FEED-on-US-cracker-encouraged-by-progress-in-Iraq_69834.html
April 27, 2015
Williams Partners says a failed transformer has prevented its expanded Geismar, LA, olefins plant from running at the new full capacity, 1.95 billion lbs/year, but the issue will be corrected in June. The company expects the plant to run at its preexpansion capacity of 1.35 billion lbs/year through May....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Williams-Geismar-ethylene-running-well-to-reach-full-production-in-June_69838.html
April 23, 2015
Europe's ethylene supply has tightened more than anticipated, impacted by a series of unplanned, prolonged outages during what is usually turnaround season. With over 10% of capacity...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Prolonged-outages-continue-to-tighten-Europes-ethylene-supply_69719.html
April 22, 2015
PTT Global Chemical (Bangkok; PTTGC) and Marubeni Corp. (Tokyo) have selected a site in Belmont County, Ohio for a proposed world-scale ethane cracker and petrochemical complex...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/PTT-Marubeni-select-Ohio-site-for-proposed-cracker_69695.html
April 22, 2015
BASF-YPC plans to restart its steam cracker and petrochemical units in Nanjing, China, at the end of May once a planned shutdown maintenance program is completed, a company...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/BASF-YPC-to-restart-cracker-and-petrochemical-units-end-May_69662.html
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