IHS Chemical Week

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

Displaying 21 - 32 of 292 stories.
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...
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...
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