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

Displaying 1 - 20 of 227 stories.
May 14, 2015
Azerbaijan Methanol Co. (Azmeco) has announced plans to raise $1 billion through the issue of bonds in London. Highgrove Securities (London), Azmeco's financial advisor, says that...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Azerbaijan-methanol-producer-plans-$1-billion-bond-issue_70413.html
May 11, 2015
OCI Partners (Nederland, TX) reports a steep year-over-year (YOY) decline in first-quarter income and sales, the result of a maintenance turnaround and upgrade that took the company’s integrated methanol and ammonia production facility offline from February through mid-April. Net income for the quarter totaled $900,000, down 97% YOY from $29 million. Revenue fell 62% YOY, to 32 million....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-Partners-first-quarter-income-down-on-turnaround-beats-estimates_70301.html
April 30, 2015
Methanex reports first-quarter net income of $9 million, down 94% year-over-year (YOY) from $145 million. Sales totaled $577 million, down 40% YOY from $968 million. Adjusted earnings of 23 cts/share fell short of the analysts’ consensus estimate of 40 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-earnings-down-on-pricing-and-volume-miss-estimates_69998.html
April 17, 2015
The US Dept. of Commerce on 14 April issued a preliminary determination that China and the Caribbean nation of Trinidad and Tobago have been subsidizing melamine imported to the United States, and that the imports can therefore be subjected to countervailing duties. Commerce says it will announce a final determination in late August....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Commerce-proposes-countervailing-duties-for-melamine-from-China-Trinidad-and-Tobago_69581.html
April 16, 2015

Celanese and Mitsui & Co. today announced that they are planning a potential methanol joint venture to be located at Celanese’s facility at Bishop, TX. Celanese says it has filed for air permits, and that a final decision to build the plant, which would have a capacity of 1.3 million m.t./year, will consider prevailing methanol market conditions and construction costs, among other factors.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Celanese-Mitsui-explore-methanol-JV-at-Bishop-TX_69474.html
April 13, 2015
Mitsubishi Gas Chemical (MGC), Mitsubishi Corp. (MC), and Mitsubishi Heavy Industries (MHI) announced today that they have signed an agreement with state-owned National Gas Company of...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Mitsubishi-Gas-Chemical-and-partners-finalize-$1-billion-methanol-and-DME-investment-in-Trinidad_69354.html
April 6, 2015
Gulf Petrochemical Industries Co.'s (GPIC; Manama, Bahrain) production increased 4% in the first quarter despite declines in oil and gas prices, the company says.   GPIC produced...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/GPIC-says-first-quarter-output-grows-4-percent-YOY_69156.html
March 31, 2015
Sinopec Engineering Group (SEG) and ExxonMobil Research and Engineering (EMRE) have signed a joint-venture agreement to develop methanol-to-gasoline technology, SEG says. EMRE and SEG...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Sinopec-ExxonMobil-to-develop-methanol-to-gasoline-technology_69037.html
March 22, 2015
Gulf Petrochemical Industries Co. (GPIC; Manama), a joint venture among National Oil & Gas Authority of Bahrain, Sabic, and Petrochemical Industries Co. (Kuwait City), today...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Gulf-Petrochemical-Industries-raises-profit-in-2014_68797.html
March 19, 2015
OCI Partners (Nederland, TX) says lower methanol prices, higher natural gas prices, and a lower methanol production rate pulled down fourth-quarter results versus the year-ago period. Net income for the fourth quarter totaled $31 million, down 37% year-over-year (YOY) from $49 million. Revenues fell 12% YOY, to $99 million....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-Partners-income-down-on-lower-methanol-prices-utilization_68721.html
March 10, 2015
Valero Energy (San Antonio), the largest independent refiner in the United States, has not included a previously announced methanol project in Louisiana in the company’s capital...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Valeros-methanol-project-is-delayed_68345.html
March 1, 2015
Iran is making good progress with construction of what it says will be the world’s largest methanol plant. Mohammad Hassan Peyvandi, deputy head of the National Petrochemical Co...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Iran-builds-mega-methanol-plant-at-Bandar-Dayyer_68205.html
February 16, 2015
OCI N.V. (Amsterdam) announced today that it has formally commenced proceedings to demerge the company’s engineering and construction business from its fertilizer and chemicals...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-NV-details-plans-to-demerge-fertilizers-from-construction-operations_67807.html
February 11, 2015
Industries Qatar, a shareholder in Qatar Fuels Additives (Qafac), has announced the official startup of a 145.5 million Qatari riyals ($40.0 million) carbon dioxide recovery facility...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Qafac-opens-CO2-recovery-unit-hikes-methanol-output_67739.html
February 10, 2015
Air Liquide intends to build a $170.0-million air separation unit (ASU) that will supply Yuhuang Chemical’s (Houston) planned, world-scale methanol project in St. James Parish, LA. Air Liquide says it has signed a long-term agreement to supply Yuhuang Chemical with 2,400 m.t./day of oxygen....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Air-Liquide-plans-$170-million-ASU-to-supply-Louisiana-methanol-project_67691.html
January 30, 2015
Methanex reports net income for the fourth quarter of $133 million, up 4% year-over-year (YOY) from $128 million. Sales totaled $733 million, down 17% YOY from $881 million. Adjusted earnings of 85 cents/share fell short of the analysts’ consensus estimate of 95 cents/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-earnings-up-4-percent-but-short-of-estimates-on-pricing_67321.html
January 26, 2015
Methanex has started up a 1.0-million m.t./year methanol plant that has been relocated from Chile to Geismar, LA."This accomplishment marks another key milestone in our 2013 commitment to grow our [annual] operating capacity by approximately 3.0 million m.t. over three years, and it will support our continued growth and strategic focus on global methanol leadership,” says John Floren, president and CEO....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-brings-first-relocated-Geismar-methanol-plant-online_67212.html
December 19, 2014
G2X Energy (Houston) and Methanol Holdings (Trinidad) Ltd. (MHTL) announced on Thursday that MHTL intends to partner with G2X Energy to construct a previously announced, world-scale...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanol-Holdings-Trinidad-to-become-partner-in-Louisiana-project_66358.html
December 10, 2014
Poland has notified that European Chemicals Agency (ECHA; Helsinki) that it intends to submit an intention dossier on methanol to the Registry of Intentions (RoI). A previous intention...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanol-to-be-submitted-to-RoI-under-Reach_66036.html
December 5, 2014
China's Zhengzhou Commodity Exchange (CZCE; Zhengzhou) will launch evening trading from next week for products including purified terephthalic acid (PTA) and methanol. The new trading...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/China-commodity-exchange-launches-evening-trading-hours-for-PTA-methanol_65927.html
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