Archives :: Markets :: Basic Chemicals :: Petrochemicals :: Methanol
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April 28, 2016Methanex (Vancouver) reports a net loss for the first quarter of $23 million, down from a profit of $9 million in the year-ago period. Sales totaled $450 million, down 28% year-over-year (YOY). Sales volume increased, but prices fell over 30%. An adjusted net loss of 27 cts/share fell short of the average analyst’s estimate of a 19 cts/share loss, as compiled by Thomson Reuters (New York)....
April 21, 2016OCI (Amsterdam) and Consolidated Energy Limited (CEL) say investment banks Citi and Morgan Stanley have underwritten a $250 million bond issue that will support the construction of the 1.75 million m.t./year Natgasoline methanol project in Beaumont, TX....
April 19, 2016Northwest Innovation Works (NWIW; Kalama, WA) has canceled its Tacoma, WA, methanol project, citing “business considerations particular to the Port of Tacoma site.” The company says it will continue to develop methanol projects in Kalama and St. Helens, OR....
April 14, 2016Northwest Innovation Works (NWIW; Kalama, WA), a group owned by Chinese investors, on Wednesday released new data and analysis for its proposed Tacoma, WA methanol project. The move...
April 13, 2016OCI (Amsterdam), a producer of fertilizers and methanol, announced on Wednesday that it has entered into definitive agreements with Consolidated Energy (CEL) for the latter to take a...
March 29, 2016Celanese has increased the price of acetic acid in China by Rmb200/m.t. ($30.73), citing “recent market conditions." Celanese announced a Rmb100/m.t. increase earlier this month. The price of feedstock methanol began to rebound in February....
March 23, 2016Primus Green Energy (Primus; Hillsborough, NJ) says it plans to build a 160 m.t./day methanol plant in the Marcellus shale region, with startup expected in the fourth quarter of 2017. The plant, which is based on a modular design, will later be expanded by three additional trains to a capacity of 640 m.t./day, says the company. Production will target the regional market....
March 11, 2016Indonesia’s Investment Coordinating Board (BKPM; Jakarta) says that Taiwanese investors had expressed interest in investing $2.5 billion in the country’s chemical industry...
March 9, 2016Toyo Engineering (Narashino, Japan) and G2X Energy (Houston) say that they have entered into an engineering services contract for G2X’s previously announced world-scale methanol...
March 8, 2016G2X (Houston), a developer of natural gas–to-methanol projects, along with its strategic partner the Proman Group (Wollerau, Switzerland), announced on Tuesday that they have...