IHS Chemical Week

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

Displaying 21 - 32 of 287 stories.
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)....
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...
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...
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...
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...
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...
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...
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....
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)....
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....
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)...
October 22, 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....
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