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August 5, 2014
Westlake (Houston) reports second-quarter net income of $169.4 million, up 35% year-over-year (YOY), on sales of $998.6 million, up 7% YOY. However, earnings of $1.26/share fell short of the analysts’ consensus estimate of $1.45, as reported by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-reports-record-operating-profits-but-misses-estimates_62987.html
July 31, 2014
Williams has pushed back restarting its Geismar, LA, cracker to September in order to install safety-related equipment, the company says in its second-quarter earnings release. Williams aims to begin ethylene production and sales in October....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Williams-postpones-Geismar-restart-to-add-safety-equipment_62897.html
July 31, 2014
Braskem-Idesa, the joint venture implementing the Ethylene XXI project in Mexico, says it has appointed Jorge Barreda Vázquez as its new commercial director effective 1 August...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Braskem-Idesa-appoints-new-commercial-director-for-Ethylene-XXI-project_62855.html
July 30, 2014
Westlake Chemical Partners (Westlake Partners; Houston), a master limited partnership formed to manage the ethylene production assets of Westlake Chemical, has begun trading on the New York Stock Exchange (NYSE). Shares opened the first day of trading, 30 July, at $30.28....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-Chemical-Partners-prices-IPO-at-$24share-begins-trading-on-NYSE_62810.html
July 30, 2014
Eastman shut down its HCC-4 hydrocracker at Longview, TX, on 28 July after discovering a leak in a process pipe. The pipe is being repaired, and Eastman expects to bring the unit back online later this week. The incident caused no injuries, and the company does not expect it to have any offsite impact....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Eastman-Longview-cracker-down-for-repairs_62778.html
July 23, 2014
Europe's ethylene producers expect to be able to defend current contract price levels despite a long market balance, as the European industry prepares for the scheduled turnaround of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Europes-ethylene-producers-hope-to-defend-August-prices-despite-oversupply_62662.html
July 21, 2014
Westlake Chemical Partners (Houston) announced on 21 July the start of its initial public offering of 11.25 million common units, which are to be listed on the New York Stock Exchange as WLKP. The company, a master limited partnership established to operate the ethylene production facilities of Westlake Chemical (Westlake; Houston), aims to be priced at $19–21/unit, about $225 million in total....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Westlake-launches-$225-million-IPO-of-ethylene-MLP_62611.html
July 11, 2014
US ethylene strengthened this week, spurred by an outage at Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) Port Arthur, TX, cracker; the delayed restart of LyondellBasell’s cracker at La Porte, TX; and imminent planned maintenance at ExxonMobil’s cracker at Baton Rouge, LA....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/US-ethylene-prices-strengthen-on-outages_62419.html
July 9, 2014
Two workers were injured on 7 July by a fire at Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) Port Arthur, TX, facility. CPChem says the cause of the fire has not yet been determined. The company has not said what part of the facility has been affected, but sources in the market believe it is the 853,000-m.t./year ethylene plant, which could be out of commission for up to two weeks....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Update-Two-injured-in-fire-at-CPChems-Port-Arthur-TX-facility_62373.html
July 9, 2014
Oman Oil Refineries and Petroleum Industries Co., (Orpic; Muscat) on Tuesday held a workshop for engineering, procurement, and construction (EPC) contractors to brief them on the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Oman-to-invite-bids-for-$3-6-billion-petrochemical-project_62361.html
July 8, 2014
Two workers were injured on 7 July by a fire at Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) Port Arthur, TX, facility. CPChem says the cause of the fire has not yet been determined....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Two-injured-in-fire-at-CPChems-Port-Arthur-TX-facility_62356.html
July 7, 2014
LG International (LGI; Seoul) and its partner Hyundai Engineering & Construction have signed a memorandum of understanding (MOU) with state-owned energy group Turkmengas (Ashgabat)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/LGI-extends-involvement-in-Turkmenistan-projects-will-offtake-products_62262.html
June 27, 2014
Dow Chemical will begin constructing its 1.5-million m.t./year Freeport, TX, ethylene plant on 30 June. The project, which received final permitting approval from EPA in May, remains on track for start-up in the first half of 2017....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Dow-nears-start-of-construction-on-Freeport-ethane-cracker_62019.html
June 20, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) has broken ground for the construction of two 500,000 m.t./year polyethylene plants at its site in Old Ocean, TX....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/CPChem-begins-construction-of-polyethylene-plants-at-Old-Ocean-TX_61886.html
June 20, 2014
ExxonMobil Chemical says it has begun constructing second steam cracker at its Baytown, TX, facility and two downstream polyethylene lines at its Mont Belvieu, TX, plastics plant. EPA gave the project a final greenhouse gas Prevention of Significant Deterioration construction permit last month....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/ExxonMobil-begins-expanding-Baytown-ethylene-PE_61929.html
June 17, 2014

Williams Partners (Williams; Tulsa, OK) has pushed the restart of its Geismar, LA, ethylene plant back one month to July.

...

http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Williams-delays-Geismar-cracker-restart-to-July_61851.html
June 10, 2014
Sibur (Moscow), Russia’s largest petrochemicals producer, today reported a 263% increase in first-quarter profit, to 56.8 billion Russian rubles ($1.65 billion), on 21% higher...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sibur-reports-big-increase-in-first-quarter-results-new-PP-plant-contributes_61641.html
June 9, 2014
Sasol and Ineos have committed to a 50-50 joint venture to produce bimodal high-density polyethylene (HDPE) at Ineos’s Battleground Manufacturing Complex in LaPorte, TX. The jv will construct a 470,000-m.t./year HDPE plant, which is expected to begin operation in 2016....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sasol-and-Ineos-go-forward-on-Texas-HDPE-joint-venture_61626.html
May 30, 2014
The State Bank for Foreign Economic Affairs of Turkmenistan has signed a 10-year loan agreement with the Japan Bank for International Cooperation and the South Korea Export-Import...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Turkmenistan-signs-loan-agreement-for-petchems-project_61448.html
May 29, 2014

EPA has issued final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permits to OxyChem for the construction of a 550,000 m.t./year ethane cracker at its site in Ingleside, TX.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/EPA-green-lights-OxyChems-Ingleside-cracker-project_61409.html
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