IHS Chemical Week

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

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March 28, 2014
Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a major producer of petrochemicals, today reported lower earnings and revenues for full-year 2013, citing a slowdown in the global...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/NKNK-reports-lower-earnings-advances-cracker-project_59901.html
March 28, 2014
Diminished production of propylene and butadiene as a result of the shift toward lighter feedstocks is a growing challenge for integrated petrochemical producers, says Heidi...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/IHS-WPC-2014-Shale-shift-raises-concerns-for-some-non-ethylene-value-chains_59889.html
March 27, 2014
The cyclicality and volatility of earnings in basic chemicals remains one of the greatest challenges facing the market, said Mark Eramo, v.p./chemical industry insight at IHS Chemical...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/IHS-WPC-2014-Industry-must-balance-push-from-new-supply-against-pull-of-global-demand_59861.html
March 26, 2014
The shale revolution will dramatically affect the global distribution of chemical industry profits, says Dave Witte,senior v.p. of IHS and general manager of IHS Chemical. North America chemical earnings leaped ahead of the global average beginning in 2009, and Witte expects the trend to continue beyond 2018....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/IHS-WPC-2014-Shale-will-shift-global-distribution-of-chemical-earnings_59856.html
March 26, 2014
Maire Tecnimont (Rome) today announced that, through some of its subsidiaries and in association with Archirodon Group,a leading construction contractor, it has signed an agreement...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Tecnimont-signs-agreement-for-offsites-and-utilities-for-Tahrir-project-in-Egypt_59835.html
March 25, 2014
BASF Total Petrochemicals, a 60-40 joint venture between BASF and Total, on Monday announced the start-up of its 10th furnace at its steam cracker facility at Port Arthur, TX. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/BASF-Total-Petrochemicals-commissions-new-cracker-furnace-at-Port-Arthur-TX_59813.html
March 24, 2014
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has selected CB&I to carry out front-end engineering and design (FEED) on its previously announced $3.6-billion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Oman-selects-CB-and-I-for-FEED-and-cracker-technology-Engineers-India-for-project-management_59789.html
March 23, 2014
U.S. Trade and Development Agency (USTDA; Washington) says it has awarded a grant to the Nigerian conglomerate Honeywell Group (Lagos) for a project that will assess different product...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-funds-study-for-Nigerian-gas-based-petchems-and-fertilizer-projects_59780.html
March 14, 2014
Sinopec says its wholly owned subsidiary, China International United Petroleum & Chemicals (Unipec), has signed a long-term contract to purchase propane from Phillips 66 for use as chemical feedstock. Sinopec has not released details of the contract....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sinopec-signs-propane-export-deal-with-Phillips-66_59598.html
March 14, 2014
Idemitsu Kosan has halted operations at its Tokuyama, Japan refinery-petrochemical site as a result of seismic activity in the area, the company announced today. An earthquake of a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Idemitsu-shutters-Tokuyama-refinery-petchems-complex-after-earthquake_59594.html
March 6, 2014
Shin-Etsu (Tokyo) is studying plans to build a US world-scale ethylene plant, executive chairman Chihiro Kanagawa tells CW. Shin-Etsu is the largest US and global maker of PVC and currently purchases all of its US ethylene requirements under long-term contracts....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Shin-Etsu-evaluating-US-ethylene-investment_59392.html
February 28, 2014
A fire at Lukoil's (Moscow) Stavrolen petrochemical complex at Budyonnovsk, Russia, has resulted in the suspension of production at the facility, Lukoil has announced. The fire broke...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Lukoil-suspends-production-at-Russia-complex-because-of-ethylene-plant-fire_59221.html
February 20, 2014

Williams Partners has postponed the restart of its Geismar, LA, olefins plant to June, according to the company’s fourth-quarter earnings release. The steam cracker had been expected to go online in April. The extended outage will keep ethylene tight in Louisiana, but the return to service of Chevron’s Evangeline pipeline early in the second quarter will increase supply from Texas.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Williamss-Geismar-cracker-to-remain-offline-until-June_58949.html
February 17, 2014
Technip has been awarded a contract by Kazanorgsintez to provide technology and services for a grassroots furnace to be installed at the Kazan petrochemical complex in Russia, Technip...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Technip-awarded-ethylene-furnace-contract-in-Russia_58851.html
January 29, 2014
Olefin production went down in Western Europe during the last quarter of 2013, compared with the same quarter of the previous year, according to figures released by the Association of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Western-Europes-olefin-production-declined-in-fourth-quarter-of-2013_58390.html
January 29, 2014
The Taiwanese government earlier this week approved construction of a $15-billion refinery and petrochemical project on mainland China under certain conditions, CW has learned. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Taiwan-conditionally-approves-petchems-project-on-mainland-China_58380.html
January 21, 2014
Hedge fund Third Point LLC (New York) said this morning that it has taken a stake in Dow Chemical and urged management to evaluate a spinoff of its petrochemical operations....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Hedge-fund-Third-Point-calls-for-Dow-to-consider-spin-off-of-petrochemicals_58157.html
January 20, 2014
Industries Qatar (IQ; Doha) on Sunday announced a tentative shutdown schedule for its manufacturing facilities during the first quarter. IQ’s shutdown timetable in the first...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Industries-Qatar-plans-lengthy-plant-closures-in-first-quarter_58118.html
January 17, 2014
Nova Chemicals marked the introduction of ethane from the Marcellus shale region to its Corunna, ON steam cracker with a ceremony held on 16 January. "This is a critical component to our Nova 2020 growth strategy of capitalizing on new feedstock sources to meet our current needs and expanding customer demands,” says CEO Randy Woelfel. Nova began feeding Marcellus ethane to the Corunna cracker in December....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Nova-marks-introduction-of-Marcellus-ethane-to-Corunna-cracker_58038.html
January 16, 2014
Formosa Plastics is planning to invest in a new ethylene plant in Louisiana using shale gas feedstock, according to local reports citing Formosa Plastics’ chairman Lee...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Formosa-Plastics-plans-to-build-ethylene-plant-in-Louisiana_57973.html
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