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Archives :: Markets :: Basic Chemicals :: Petrochemicals :: Methanol

Displaying 1 - 20 of 269 stories.
February 4, 2016
Haldor Topsoe announced on Thursday that it has signed a contract with Badr-e-Shargh Petrochemical complex covering the license, engineering, proprietary equipment, materials and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Haldor-Topsoe-signs-methanol-plant-contract-in-Iran-opens-offices-in-Tehran_76945.html
February 1, 2016
Strong demand and shipping inquiries from Asia have put a strain on cargo space for US petrochemical exports, pushing up freight rates out of the US. The primary driver has been expanding US methanol production capacity, but strong Asian interest in US para-xylene (p-xylene), styrene, ethanol and ethylene dichloride has also  contributed to the pinch. Compounding the problem, two major shippers were unable to move any material during January, according to ship brokers Netco....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Asia-demand-for-US-petchems-tightens-cargo-space-driving-up-rates_76854.html
January 28, 2016
Methanex (Vancouver) reports net income for the fourth quarter of $11 million, down 92% year-over-year (YOY) from $140 million. Revenue fell 34% YOY to $484 million on a steep decline in methanol prices, the result of falling crude oil values and new production capacity. Adjusted earnings of 16 cts/share, down from 85 cts/share in the year-ago period and just shy of the average analyst estimate of 17 cts/share, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-earnings-down-92-percent-YOY-on-steep-price-decline_76727.html
January 21, 2016
Saudi International Petrochemical Co. (Sipchem; Al Khubar) reports significantly lower quarterly and full-year profits. The net profit in the fourth quarter was down 80%, to 26 million...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Sipchem-reports-lower-profits_76598.html
January 19, 2016
Methanol Chemicals Co. (Chemanol; Dammam), an integrated producer of methanol and derivatives, on Tuesday reported significantly higher quarterly losses and a swing to a net annual...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Chemanol-losses-mount-on-lower-methanol-and-derivatives-prices-outages_76535.html
January 8, 2016
Continued uncertainty in the energy markets will keep feedstocks at the forefront of developments in petrochemicals this year. The price of oil remains surprisingly low. IHS expects...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Outlook-petrochemicals-Cracker-margins-to-improve_76296.html
December 30, 2015
Methanex says that on 27 December it started producing methanol from its newly completed 1-million m.t./year Geismar 2 plant at Geismar, LA. The plant has bene relocated from the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-starts-up-second-relocated-methanol-plant-at-Geismar_76108.html
December 21, 2015
CF Industries and OCI (Amsterdam) on Monday announced that they have amended their merger agreement originally announced on 6 August. Under the amendment, the jurisdiction of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/CF-and-OCI-amend-merger-agreement-move-proposed-HQ-from-UK-to-the-Netherlands_75991.html
December 16, 2015
Saudi International Petrochemical Co. (Sipchem) said on Wednesday that it has resumed operations at its affiliate, International Methanol Co. (IMC) methanol plant at Jubail, Saudi...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Sipchem-resumes-operations-at-methanol-plant_75894.html
December 1, 2015
Luxi Chemical Group (Liaocheng, China) has selected Honeywell UOP’s Advanced Methanol-to-Olefins (MTO) process for a 293,000-m.t./year olefins plant that will be built at Luxi’s Liaocheng facility....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Luxi-selects-UOPs-Advanced-MTO-for-293000-m-t-year-olefins-plant-in-China_75523.html
November 3, 2015
OCI Partners (Nederland, TX) reports net income for the third quarter of $23 million, up 21% year-over-year (YOY), on revenues of $104 million, up 16% YOY. Earnings of 27 cts/share fell just shy of the mean analyst estimate of 28 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-Partners-net-income-up-21-percent-YOY-revenues-up-16-percent_74938.html
October 29, 2015
Methanex reports third-quarter net income of $78 million, up 50% year-over-year (YOY), on revenues of $527 million, down 29% YOY. Adjusted earnings of 26 cts/share missed the analysts’ consensus estimate of 37 cts/share. "Our third quarter adjusted net income reflects lower average realized methanol pricing compared to the second quarter of 2015,” says John Floren, president and CEO....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-net-income-up-50-percent-but-misses-estimates_74781.html
October 29, 2015
Saudi International Petrochemicals Co., (Sipchem) said on Thursday that it intends to shut down the Al Jubail-based methanol plant owned by affiliate International Methanol Co. (IMC)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Sipchem-to-shut-down-methanol-plant-for-six-weeks_74770.html
October 23, 2015
Syngas Energy Holdings (Houston) plans to build a $360-million, 500,000-m.t./year methanol plant in St. James Parish, LA, according to a press release issued by Louisiana Economic Development (LED). Assuming permits are granted, Syngas Energy expects to begin construction in the second quarter of 2016, with start up to come at the end of 2018. The plant would be expanded to 700,000 m.t./year in a later phase....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Syngas-Energy-plans-to-build-500000-m-t-year-methanol-plant-in-St-James-Parish-LA_74589.html
October 20, 2015
Russia is planning two export-oriented methanol plants at the Port of Ust-Luga, near Saint Petersburg, mainly targeting the European markets. The investors have already secured land...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Russia-plans-two-export-oriented-methanol-plants-at-the-Port-of-Ust-Luga_74487.html
October 16, 2015
Sojitz (Tokyo) said on Wednesday that it has agreed with NPCP Holdings, a state-owned oil company in Papua New Guinea, to establish a joint venture, which will develop a methanol...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Sojitz-signs-shareholder-agreement-to-develop-methanol-business-in-Papua-New-Guinea_74388.html
October 16, 2015
Northwest Innovation Works (NWIW; Kalama, WA), a company owned by Chinese investors, has significantly scaled up its investment and planned methanol capacity in the US Pacific...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Northwest-Innovation-Works-to-invest-$7-billion-in-eight-methanol-plants-in-US_74339.html
September 30, 2015
The Methanol Corp. (Aliso Viejo, CA) has acquired key assets of the bankrupt Nafta Petrochem (Lendava, Slovenia) for €5.6 million ($6.3 million) in an auction. The deal includes...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/US-methanol-entrant-buys-bankrupt-assets-in-Slovenia_74092.html
September 15, 2015
Amec Foster Wheeler has been awarded a contract by Yuhuang Chemical Inc. (YCI), a US-based subsidiary of Shandong Yuhuang Chemical, for its first major project in the United States, a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Amec-Foster-Wheeler-awarded-contract-by-Yuhuang-Chemical-for-US-methanol-plant_73669.html
September 24, 2015
Gazprom Export (Moscow) and Azerbaijan Methanol Co. (AzMeCo) have signed an agreement for Gazprom to supply gas feedstock to AzMeCo’s methanol plant. The deal was signed in Baku...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Gazprom-signs-agreement-to-supply-gas-to-methanol-plant-in-Azerbaijan_73663.html
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