IHS Chemical Week

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

Displaying 21 - 32 of 297 stories.
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....
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...
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...
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...
March 7, 2016
Valero Energy (San Antonio) has shelved indefinitely its $700 million methanol plant at St. Charles Parish, LA. A spokesperson for Valero tells CW that “after continued...
February 26, 2016
BASF said Friday that it is looking again at its methanol-to-propylene (MTP) investment planned at Freeport, TX, citing concerns that low oil prices could hurt the project’s...
February 22, 2016
Northwest Innovation Works (NWIW; Kalama, WA), a company owned by Chinese investors, said on Friday that it is halting work on a mega methanol complex at Tacoma, WA, in the US Pacific...
February 11, 2016
Petronas Chemicals Group (PCG) is focused on strengthening its basic petrochemicals business while diversifying more into specialty products. The company is also looking to increase...
February 4, 2016
Haldor Topsoe announced on Thursday that it has signed a contract with Badr-e-Shargh Petrochemical complex covering the license, engineering, proprietary equipment, materials and...
February 1, 2016
Strong demand and shipping inquiries from Asia have put a strain on cargo space for US petrochemical exports, pushing up freight rates out of the US. The primary driver has been expanding US methanol production capacity, but strong Asian interest in US para-xylene (p-xylene), styrene, ethanol and ethylene dichloride has also  contributed to the pinch. Compounding the problem, two major shippers were unable to move any material during January, according to ship brokers Netco....
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...
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