IHS Chemical Week

Archives :: Markets :: Basic Chemicals :: Petrochemicals :: Propylene

Displaying 1 - 20 of 339 stories.
July 16, 2014
Flint Hills Resources (Wichita, KS) has completed the acquisition of propylene-maker PetroLogistics (Houston, TX). Flint Hills says the $2.1 billion transaction is its largest ever and its first in the chemical space since the purchase of Huntsman’s U.S. commodity chemical business in 2007....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Flint-Hills-completes-$2-1-billion-acquisition-of-PetroLogistics_62481.html
July 8, 2014
Two workers were injured on 7 July by a fire at Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) Port Arthur, TX, facility. CPChem says the cause of the fire has not yet been determined....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Two-injured-in-fire-at-CPChems-Port-Arthur-TX-facility_62356.html
July 7, 2014

PetroLogistics (Houston) says the deadline for terminating its merger agreement with Flint Hills Resources to pursue alternative proposals from third parties passed on 7 July. Flint Hills, a subsidiary of Koch Industries, agreed in late May to acquire the propylene maker for $2.1 billion.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/PetroLogistics-Flint-Hills-merger-firms-up_62270.html
July 7, 2014
LG International (LGI; Seoul) and its partner Hyundai Engineering & Construction have signed a memorandum of understanding (MOU) with state-owned energy group Turkmengas (Ashgabat)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/LGI-extends-involvement-in-Turkmenistan-projects-will-offtake-products_62262.html
June 13, 2014
C3 Petrochemicals, an affiliate of Ascend Performance Materials, has received a final greenhouse gas Prevention of Significant Deterioration construction permit for its Alvin, TX, propane dehydrogenation project, according to an EPA statement....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/EPA-approves-construction-of-Ascends-1-million-m-t-year-Texas-PDH-plant_61804.html
June 11, 2014
Refiner and petrochemicals producer IRPC (Bangkok), formerly Thai Petrochemical Industry, said today that a fire at its vacuum gas oil hydrotreating unit (VGO/HT), which provides...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Fire-halts-production-at-petchem-complex-in-Thailand_61645.html
June 5, 2014
The Competition Tribunal of South Africa today imposed a combined 534-million South African rand ($49.9 million) penalty for excessive pricing of propylene and polypropylene...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/South-Africa-penalizes-Sasol-$50-million-for-overcharging-for-propylene-PP_61578.html
May 28, 2014
Flint Hills Resources, a subsidiary of Koch Industries, has reached a deal to acquire propylene maker PetroLogistics for $2.1 billion....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Flint-Hills-Resources-to-acquire-PetroLogistics-for-$2-1-billion_61356.html
May 27, 2014
BASF is likely to use its own technology in a previously announced, world-scale methane-to-propylene plant using shale gas as feedstock it is planning to build on the Gulf Coast...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/BASF-likely-to-use-own-process-in-MTP-plant-in-the-US_61329.html
May 23, 2014
Bolivian president Evo Morales has announced plans for a $1.8-billion petrochemical plant in the department of Tarija in southern Bolivia. The area has the largest proven natural gas...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Bolivia-announces-$1-8-billion-petchems-project-update_61162.html
May 22, 2014
PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest chemicals player, is studying plans for a possible cracker and derivatives project in the United States and is advancing...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Exclusive-PTTGC-mulls-cracker-in-US-advances-in-Indonesia-pulls-out-of-Malaysian-JV_61058.html
May 22, 2014
UOP, a Honeywell subsidiary, says that Guangdong Peng Zun Energy Development Co., a Chinese petrochemical producer, has selected the UOP C3 Oleflex process technology to convert...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/UOP-technology-selected-for-propylene-project-in-China_61228.html
May 7, 2014
BASF’s proposal to build a world-scale methane-to-propylene (MTP) complex on the US Gulf Coast is strategically sound, and it may also be tactically savvy, says Chuck Carr, senior director/global olefins at IHS Chemical. BASF needs to address the shrinking supply of propylene produced by North America's steam crackers, and on-purpose production is most likely the answer. At the same time, the choice of MTP over propane dehydrogenation (PDH) suggests that BASF may expect the gap between crude oil and natural gas prices to grow over the long term, providing an advantage to production from methane....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/IHS-BASFs-methane-to-propylene-evaluation-for-US-Gulf-Coast-is-wise-move_60842.html
April 24, 2014
PetroLogistics (Houston) reports strong sales and high volumes for the first quarter. Soaring feedstock costs took a deep bite out of margins, but the company beat the analysts’ consensus of 33 cts/share, turning in earnings of 37 cts/share....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/PetroLogistics-reports-strong-first-quarter-despite-high-propane-costs_60550.html
March 31, 2014
Asia will remain the center of olefins demand growth at least in the foreseeable future. The region accounts for 3.9 billion, or 55%, of the world’s potential chemical and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/IHS-WPC-2014-Lack-of-resources-limits-Asias-olefin-output-potential_59935.html
March 28, 2014
Diminished production of propylene and butadiene as a result of the shift toward lighter feedstocks is a growing challenge for integrated petrochemical producers, says Heidi...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/IHS-WPC-2014-Shale-shift-raises-concerns-for-some-non-ethylene-value-chains_59889.html
March 27, 2014
A wave of on-purpose propylene capacity over the next five years is set to significantly outpace projected demand growth....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/IHS-WPC-2014-Global-propylene-caught-in-supply-currents_59890.html
March 27, 2014
The cyclicality and volatility of earnings in basic chemicals remains one of the greatest challenges facing the market, said Mark Eramo, v.p./chemical industry insight at IHS Chemical...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/IHS-WPC-2014-Industry-must-balance-push-from-new-supply-against-pull-of-global-demand_59861.html
March 24, 2014
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has selected CB&I to carry out front-end engineering and design (FEED) on its previously announced $3.6-billion...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Oman-selects-CB-and-I-for-FEED-and-cracker-technology-Engineers-India-for-project-management_59789.html
March 23, 2014
U.S. Trade and Development Agency (USTDA; Washington) says it has awarded a grant to the Nigerian conglomerate Honeywell Group (Lagos) for a project that will assess different product...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-funds-study-for-Nigerian-gas-based-petchems-and-fertilizer-projects_59780.html
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