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October 18, 2007
Larsen & Toubro Ltd. (Mumbai) has been awarded a contract by Methanol Chemicals Co. to construct methylamines and dimethyl formamide plants at Al Jubail....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Indian-Firm-Lands-Contract-to-Build-Saudi-Plant_8233.html
October 3, 2007
Oman Oil Co. says it has completed financial arrangements for a previously announced methanol complex planned by Salalah Methanol Co., a wholly owned subsidiary of Oman Oil, at...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Oman-Oil-Agrees-on-Financing-for-Methanol-Plant_8115.html
September 14, 2007
Haldor Topsøe says it has been awarded a contract to supply a 450,000-m.t./year methanol plant to JSC Shchekinoazot (Shchekino, Russia). The plant will be built at Shchekino...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Haldor-Topsøe-Bags-Russian-Methanol-Contract_7611.html
September 14, 2007
Methanex says that three of four methanol plants at its Cabo Negro, Chile facility remain idle due to a shortage of natural gas from Argentina. The Cabo Negro facility has been...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Natural-Gas-Shortages-Hamper-Methanex-in-Chile_7643.html
September 7, 2007
Worldwide production problems and resilient demand have pushed methanol prices higher, market sources say. European spot prices broke above the contract level for the first time in...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/European-Spot-Prices-Break-Above-Contract-Levels_7447.html
September 6, 2007
Methanex says that three of its four methanol plants at its Cabo Negro, Chile facility remain idle due to a shortage of natural gas from Argentina. The Cabo Negro facility has been...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-Cuts-Chile-Methanol-Due-to-Gas-Shortages_7550.html
August 20, 2007
China Petrochemical Development Corp. (CPDC; Taipei) says it has received preliminary approval from the Chinese authorities to build a chemical complex in Hebei Province. CPDC plans to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Taiwanese-Firm-Plans-Investment-in-China_7029.html
August 2, 2007
Major methanol producers agreed to a third-quarter contract price of €220/m.t. fob in Europe last week, in what observers are calling a move to put a floor on the weak market. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Europe-Contract-Prices-Decline-Less-than-Expected_6720.html
July 30, 2007
After the general retreat in spot prices two weeks ago, the relative strengths and weaknesses of various products came to the fore last week. Spot ethylene in the U.S. turned upward...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/COMMENTARY_5545.html
July 30, 2007
Methanex says it has shut down two more methanol units at its Punta Arenas, Chile site due to shortages in natural gas supplied from Argentina. A labor dispute is affecting one...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-Shuts-More-Units-in-Chile_6636.html
July 30, 2007
Bayer MaterialScience (BMS) has lifted its force majeure on methylene-di-para-phenylene isocyanate (MDI) in Africa, Europe, and the Mideast from its Krefeld-Uerdingen, Germany site...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Bayer-Lifts-MDI-Force-Majeure-in-Europe_5347.html
July 30, 2007
Mitsubishi Corp. and Mitsubishi Gas Chemical (MGC) say they will expand methanol capacity at Metanol de Oriente (Meteor; Jose, Venezuela), their joint venture with Venezuela’s...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Mitsubishi-to-Expand-Methanol-in-Venezuela_5293.html
July 27, 2007
High inventories and slumping demand have led to a sharp drop in global methanol prices. Initial settlements in the European second-quarter contract price were agreed to last week at...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Prices-Plunge-on-Long-Supply_5995.html
July 27, 2007
Methanex says it has secured enough natural gas to run its 530,000-m.t./year methanol plant at Taranaki, New Zealand through the end of 2007. Methanex operates the plant as swing...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/New-Zealand-Unit-to-Run-for-2007_5613.html
July 26, 2007
Celanese says it has shut down its 850,000-m.t./year methanol plant at Edmonton, AB. The company had previously announced it was shutting methanol production but kept the plant running...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Celanese-Closes-Methanol-Plant-Forms-Acetyls-Partnership_6039.html
July 26, 2007
Oman Oil Co. (OOC; Muscat) says it has awarded an engineering, procurement and construction contract to GS Engineering and Construction (Seoul) to build a world-scale methanol complex...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/GS-E-and-C-Nabs-Methanol-Contract-in-Oman_5938.html
July 25, 2007
Methanex says it will shut down a 925,000-m.t./year methanol unit at its Punta Arenas, Chile site this month due to natural gas curtailments from its main natural gas supplier in...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-Shuts-One-Chile-Unit-Proceeds-with-Egypt-JV_6322.html
July 25, 2007
Brunei Methanol Co. (BMC; Brunei), a joint venture in which Mitsubishi Gas Chemical (MGC) has 50%, and Petroleum Brunei and Itochu each have 25%, has been given final approval for a...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Brunei-Methanol-Plant-Costs-Escalate_6227.html
July 25, 2007
Gujarat State Fertilizers & Chemical (GSFC; Vadodara, India) says it will spend $64 million to revamp and modify an old ammonia unit at Baroda, India to produce 175,000 m.t./year...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Gujarat-to-Produce-Methanol_6418.html
July 25, 2007
Prices U.S.: 76 cts-80 cts/gal spot; 101 cts-103 cts/lb fob, May contracts EUROPE: €175-€180 fob, spot; €250/m.t. fob, second-quarter contracts ASIA: $230/ton c&f...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanol_6420.html
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