IHS Chemical Week

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

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November 27, 2007
The company expects to post earnings from continuing operations of 75 cts-80 cts/share, 7%-10% below current average analyst estimates of 86 cts/share, as surging raw material costs offset strong sales growth....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Rohm-and-Haas-says-Feedstock-Surge-Will-Hurt-Q4-Earnings_9086.html
October 2, 2007
Eastman Chemical’s Longview, TX ethylene and propylene plant is back online, following an unexpected outage on September 8, a company representative says. Plant 4, one of the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Eastman-Cracker-Back-Online_7955.html
October 1, 2007
Foster Wheeler (FW) has been awarded a contract to provide project management consultancy and front-end engineering and design (FEED) for a previously announced petrochemical complex...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/FW-Basell-and-Lummus-Land-QP-Honam-Orders-in-Qatar_7994.html
September 20, 2007
Gail India (New Delhi) says that gas and naphtha feedstock supply agreements have been signed for a previously announced, $1.24-billion petrochemical complex planned in the state...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Feedstock-Agreements-Signed-for-Indian-Olefins-Project_7839.html
August 9, 2007
Huntsman says it is scaling up its proprietary process to produce propylene glycol (PG) from glycerin—a by-product of biodiesel production, and will make it available for...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Huntsman-Scales-Up-Renewable-PG-Process_6277.html
August 7, 2007
Texas Petrochemicals (TPC) says it has completed the expansion of its Baytown, TX facility, and expects start-up and initial plant operations to begin by the end of the month. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/TPC-Completes-Baytown-Expansion_6893.html
August 6, 2007
Lanxess says it will increase its ethylene propylene diene rubber (EPDM) capacity to more than 140,000 m.t./year. The company’s EPDM output is split between Marl, Germany and...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Lanxess-Ups-EPDM-Capacity_6099.html
August 6, 2007
A consortium of eight companies has abandoned plans to construct a propylene pipeline linking Rotterdam and Antwerp with the Ruhr region of Germany (CW, Nov. 30/Dec. 7, 2005, p. 21)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/European-Consortium-Scraps-Plans-to-Build-Propylene-Pipeline_5740.html
August 6, 2007
Crude oil and feedstock prices rose again last week, pushing spot petrochemical prices higher. Spot olefins on both sides of the Atlantic remained tight as minor supply outages in...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/COMMENTARY_5709.html
July 31, 2007
Intercontinental Exchange (ICE; Atlanta), an electronic energy marketplace, says it has agreed to acquire ChemConnect’s (Houston) commodity trading division in an all-cash...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/ICE-Buys-ChemConnects-Commodity-Business_6571.html
July 31, 2007
Dow Chemical has announced propylene glycol (PG) price increases of 4 cts/lb, around 5%, in North America, effective July 1, or as contracts allow. The increase applies to mono-, di-...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Dow-Seeks-PG-Hike_6577.html
July 30, 2007
U.S. petrochemical production during the fourth quarter rose 14% year-on-year, to 48.2 billion lbs, but total inventories fell 3% from the year-ago period, to 5.7 billion lbs, says the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Petchem-Production-Up-But-Inventories-Down_5650.html
July 30, 2007
Borouge (Abu Dhabi) has awarded Samsung Engineering a $300-million contract to build a metathesis plant as part of Borouge’s previously announced Borouge 2 project at Ruwais, Abu...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Samsung-Bags-Borouge-Contract_6627.html
July 30, 2007
Arkema says it has agreed with Essar Chemicals (Mumbai) to study forming a 50-50 joint venture to manufacture acrylic acid and esters in India. “This will be the first acrylic...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Arkema-Eyes-Indian-Acrylic-Acid-Venture_5527.html
July 27, 2007
U.S. spot ethylene prices continued to rise last week on the back of brisk trade, increasing about 2 cts/lb. Propylene spot prices also advanced, by around 3 cts/lb, on increased...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/COMMENTARY_6077.html
July 27, 2007
Samsung Engineering has won an estimated $100-million contract to build a methathesis unit to produce propylene at Al Jubail, Saudi Arabia. Saudi European Petrochemical Co. (Ibn Zahr)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Samsung-Lands-Contract-for-Saudi-Metathesis-Plant_5593.html
July 26, 2007
Sunoco Chemicals says it has appointed M. Holland (Chicago) as a distributor of its polypropylene (PP)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Sunoco-Chooses-PP-Distributor_5890.html
July 25, 2007
Steam crackers producing ethylene and propylene, and plants making carbon black, will participate in the second phase of the European Union’s (EU) carbon dioxide (CO2)...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Ethylene-and-Carbon-Black-Plants-to-Join-Emission-Trading-Scheme_6144.html
July 24, 2007
European butadiene contracts have settled for the second quarter at a €25/m.t. increase, to €895/m.t. del, a record high. Strong demand and tight supplies boosted prices...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/COMMENTARY_6200.html
July 24, 2007
Dow Chemical and Libya’s state-owned National Oil Corp. (NOC; Tripoli) have announced plans to form a joint venture to refurbish and operate NOC’s Ras Lanuf petrochemical...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Dow-Plans-Petchem-JV-in-Libya-Eyes-Ethane-Cracker_6156.html
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