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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
April 21, 2015
The global surplus of light naphtha could increase by as much as 14 million m.t./year over the next five years, according to a study released today, “The IHS Energy and IHS Chemical Light and Heavy Naphtha International Market Review.” Although demand for light naphtha will continue to expand, supply will grow faster, propelled by booming tight oil production in the United States, which will become the world’s largest exporter of light naphtha by 2020, says IHS....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Global-light-naphtha-surplus-could-increase-by-14-million-m-t-by-2020-IHS_69652.html
April 21, 2015
Sabic has preliminarily agreed with an unidentified US supplier to import shale gas for its Wilton, UK, steam cracker for the next 10 years. The company announced in August last year...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sabic-proceeds-with-plans-to-import-US-ethane-feedstock-for-UK-cracker_69629.html
April 17, 2015
National Petrochemical Company (NPC; Tehran) expects to start up a second 1 million m.t./year ethylene plant at the Kavian petrochemical complex in Assaluyeh, Iran, by September, according to a local news report....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/NPC-aims-to-start-up-second-Kavian-cracker-by-September-report_69582.html
April 17, 2015
Yeochun NCC (YNCC; Seoul) is on schedule to shut its no. 1 naphtha cracker and several aromatics plants from the middle of May for 30–40 days of planned maintenance, a source...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Yeochun-NCC-on-track-to-shut-cracker-aromatics-plants-16-May-for-maintenance_69543.html
April 16, 2015
Sibur (Moscow) says that its biggest investment project, a world-scale petrochemicals complex at Tobolsk, Russia, will likely reach mechanical completion in 2019, one year later than...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Sibur-delays-world-scale-petchem-project-due-to-challenging-economic-environment_69511.html
April 15, 2015
Braskem is reevaluating its planned Parkersburg, WV cracker, a joint venture with Odebrecht, to address uncertainties generated by the steep decline in crude oil pricing. Assuming it proceeds, startup would come after 2020, says Fernando Musa, CEO of Braskem America. “This is something that we will continue to pursue, and look for the right timing and moment to invest,” he adds....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Braskem-slows-Marcellus-cracker-considers-polypropylene-expansion_69458.html
April 14, 2015
Lotte Chemical (Seoul) plans to adjust feedstocks at its steam crackers at Yeosu and Daesan, South Korea, at the end of April for about two to three months, a source close to the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/ethylene/Lotte-Chemical-to-change-feedstock-at-steam-crackers_69397.html
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