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Displaying 41 - 60 of 198 stories.
January 30, 2014
Methanex (Vancouver) reports net income for the fourth quarter of $128 million, up from a loss of $140 million. Earnings per share of $1.72 easily beating the analysts’ consensus estimate of $1.57. Sales increased 32% year-on-year (YOY), to $881 million, on increased volumes and higher selling prices. Adjusted net income for the quarter totaled $167 million, up 42% over the third quarter and 174% YOY. Sales volumes increased 6.5% over the third quarter and 12% YOY, to 2.13 million m.t.
...

http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-swings-to-profit-on-high-volumes-increased-prices_58424.html
January 30, 2014
Saudi International Petrochemical Co. (Sipchem; Al Khobar, Saudi Arabia) said today that it has restarted production at its methanol and carbon monoxide plants at Al Jubail, following...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Sipchem-restarts-production-of-methanol-after-unscheduled-shutdown_58418.html
January 24, 2014
Northwest Innovation Works (NWIW; Vancouver, WA) has proposed to build two large-scale methanol plants in the US Pacific Northwest. The proposed facilities would each cost $1 billion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Chinese-group-plans-two-mega-methanol-plants-in-US-Pacific-Northwest-to-supply-olefins-feedstock_58289.html
January 20, 2014
Industries Qatar (IQ; Doha) on Sunday announced a tentative shutdown schedule for its manufacturing facilities during the first quarter. IQ’s shutdown timetable in the first...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Industries-Qatar-plans-lengthy-plant-closures-in-first-quarter_58118.html
January 14, 2014
Petronas Chemicals says its second methanol plant based at Labuan, Malaysia, has been hit by production disruption due to feedstock shortages. The company says it is working closely...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Petronas-methanol-plant-hit-by-disruption-in-production-due-to-feedstock-shortage_57945.html
January 8, 2014
South Louisiana Methanol (SLM) says it has received an air permit from the Louisiana Department of Environmental Quality and the State of Louisiana for its $1.3-billion, 5,000-m.t./day gas-to-methanol project at St. James Parish, LA....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/South-Louisiana-Methanol-receives-air-permit_57805.html
January 3, 2014
LyondellBasell Industries says it has completed the previously announced restart of the company's methanol plant at Channelview, TX. The plant was placed back into service in the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/LyondellBasell-restarts-methanol-plant-in-Texas_57716.html
December 10, 2013
Waterfront Shipping (Vancouver, BC), the marine transportation subsidiary of Methanex, said on Monday that it has reached an agreement with Mitsui O.S.K. Lines (MOL; Tokyo)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanexs-shipping-subsidiary-orders-new-methanol-powered-vessels_57239.html
December 6, 2013
Koch Fertilizer says it will change its name to Koch Ag and Energy Solutions, with the newly renamed entity serving as a holding company for Koch Fertilizer, Koch Energy Services, and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Koch-Fertilizer-forms-new-holding-company-changes-leadership_57162.html
November 22, 2013
OCI N.V. (Geleen, the Netherlands) plans to build a greenfield 1.75-million m.t./year methanol plant in Beaumont, TX. OCI, which made the announcement on 21 November, says the methanol plant will be the largest in the United States....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-to-build-1-75-million-m-t-methanol-plant-in-Beaumont-TX_56878.html
October 31, 2013
Methanex (Vancouver) has reported net income for the third quarter of $87 million, up from a loss of $3 million in the year-ago quarter and a 61% increase over the second quarter’s $54 million. Earnings per share of $1.22 beat the analysts’ consensus of $1.04....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-net-income-up-61-percent-over-second-quarter-on-rising-prices_56362.html
October 29, 2013
The European Chemicals Agency (ECHA; Helsinki) has invited interested parties to comment on a new proposal for harmonized classification and labeling on methanol. The public...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/ECHA-launches-consultation-on-proposed-revision-of-classification-and-labeling-of-methanol_56288.html
October 23, 2013
Methanex (Vancouver) on 22 October announced plans to sell a 10% equity share in Egyptian Methanex Methanol Company (EMethanex) to Arab Petroleum Investments Corp. (Apicorp; Dammam, Saudi Arabia) for $110 million. The deal, which is expected to close later this year, will increase Apicorp’s share of the joint venture to 17%, while Methanex will retain just over 50%....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-to-sell-10-percent-share-of-Egyptian-jv-to-Apicorp-for-$110-million_56100.html
October 21, 2013
Iran is looking to export more methanol capacity from its complexes, Petrochemical Commercial Co. (PCC; Tehran) says. PCC’s director, Ali Tahouri, tells CW that Iran’s main...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Iran-stepping-up-methanol-exports_56053.html
October 8, 2013
Methanex (Vancouver) has completed methanol capacity expansions totaling 1 million m.t./year in New Zealand and Canada and restarted its 900,000 m.t./year Chile I plant, the company said on 7 October....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-increases-methanol-production-capacity-by-1-9-million-m-t-year_55722.html
October 7, 2013
Methanol producer OCI Partners (OCIP) has priced its initial public offering of 17.5 million common units at $18/share, lower than its previous estimate of $19-20/share. OCIP said it expects the offering, which began on 4 October, to bring net proceeds of $291 million by the time it closes on 9 October....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/OCI-Partners-launches-IPO-at-$18share_55680.html
September 26, 2013
Wison Engineering Services (Shanghai) says it has commercialized its proprietary methanol-to-olefins (MTO) technology with the start-up of a plant with annual capacity for 300,000...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Wison-commercializes-MTO-technology-in-China_55452.html
September 13, 2013
South Louisiana Methanol (SLM) has hired Fluor to engineer and design its 5,000-m.t./day gas-to-methanol project, which will be sited in St. James Parish, LA. SLM, a partnership of Zero Emission Energy Plants (Austin, TX) and Todd (Wellington, New Zealand), announced the project in February and aims to commission the plant in 2016....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/South-Louisiana-Methanol-hires-Fluor-to-design-Louisiana-gas-to-methanol-project_55149.html
August 30, 2013
Petrochemical sales volume in Brazil was up 2.46% year-on-year (YOY) in June and July, according to Abiquim (São Paulo), the country's chemical industry association. Domestic...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Brazils-domestic-petchem-sales-up-2-46-percent-in-June-July_54839.html
July 30, 2013
Methanex says it has made an initial $5-million investment in renewable methanol producer Carbon Recycling International (CRI; Reykjavík). CRI operates the world's first...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/methanol/Methanex-invests-in-Icelandic-renewable-methanol-firm_54062.html
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