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Displaying 1 - 10 of 283 stories.
April 28, 2016
Methanex (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)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-swings-to-$23-million-loss-on-steep-YOY-price-decline_78929.html
April 21, 2016
OCI (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....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-and-CEL-launch-$250-million-bond-issue-for-Natgasoline-project_78769.html
April 19, 2016
Northwest 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....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/NWIW-drops-Port-of-Tacoma-methanol-project-on-site-issues_78718.html
April 14, 2016
Northwest 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...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/NWIW-releases-new-data-and-analysis-for-proposed-Tacoma-methanol-project_78563.html
April 13, 2016
OCI (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...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Consolidated-Energy-takes-50-percent-stake-in-Natgasoline-methanol-project_78533.html
March 29, 2016
Celanese 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....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Celanese-raises-China-acetic-acid-price-amid-methanol-rebound_78198.html
March 23, 2016
Primus 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....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Primus-Green-Energy-plans-2017-startup-for-modular-methanol-plant-in-Marcellus_78063.html
March 11, 2016
Indonesia’s Investment Coordinating Board (BKPM; Jakarta) says that Taiwanese investors had expressed interest in investing $2.5 billion in the country’s chemical industry...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Taiwanese-investors-plan-ammonia-and-methanol-plants-in-Indonesia_77829.html
March 9, 2016
Toyo 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...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Toyo-awarded-contract-for-G2X-Energy-methanol-plant-in-Louisiana_77726.html
March 8, 2016
G2X (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...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/G2X-selects-Johnson-Mattheys-methanol-technology-for-Lake-Charles-plant_77694.html
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