IHS Chemical Week

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

Displaying 41 - 60 of 420 stories.
February 5, 2015
ENI (Rome) has confirmed to CW that its chemical subsidiary, Versalis (Milan), has restarted its 490,000-m.t./year steam cracker at Porto Marghera, Italy and that the cracker is...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Versalis-restarts-Porto-Marghera-cracker-starts-supplying-Shell_67528.html
February 4, 2015
US propylene inventories were down for the week ended 30 January, according to data released by the US Energy Information Administration (EIA) on Wednesday. The drop in inventories...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/US-propylene-inventories-end-January-lower_67505.html
February 3, 2015

LyondellBasell’s fourth-quarter earnings have beaten the analysts’ consensus estimate by 15%, with lower feedstock costs more than making up for lower product prices. However, the company expects lower crude oil prices to pressure margins in the year ahead. Fourth-quarter earnings from continuing operations totaled $796 million, down 32% year-over-year (YOY) from $1.177 billion. Sales totaled $10.29 billion, down 8% YOY from $11.138 billion. The quarter included a $715 million non-cash, pre-tax charge for the impact of a lower-of-cost-or-market (LCM) inventory adjustment.

...

http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/LyondellBasell-beats-consensus-by-15-percent-as-lower-feedstocks-make-up-for-product-prices_67452.html
February 2, 2015
Formosa Petrochemical Corp. (FPC) raised production at its three steam crackers at Mailiao, Taiwan, from 90% to 95% of capacity at the end of January, a source close to the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Formosa-raises-cracker-runs-to-95-percent-of-capacity-in-late-January_67391.html
January 30, 2015
A major propylene producer in the United States has issued a 1.50-cent/lb price increase this week for the upcoming February propylene contract. No other propylene producer has issued...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Propylene-producer-nominates-US-January-contract-increase_67335.html
January 30, 2015
Zhejiang Shaoxing Sanjin Petrochemical has commissioned a 450,000-m.t./year propylene plant based on UOP’s C3 Oleflex process for propane dehydrogenation (PDH). The plant, located in Shaoxing City, Zhejiang Province, is the second operational plant in China to employ the process, says UOP....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Chinese-firm-commissions-450000-m-t-year-UOP-process-propylene-plant_67336.html
January 22, 2015
Saudi Aramco Total Refining & Petrochemical (Satorp), a joint venture in which Aramco holds 62.5% and Total the balance, has announced an increase in quarterly and annual net...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Satorp-reports-large-quarterly-and-annual-losses_67076.html
January 16, 2015
Declining crude oil futures, ample supply, and weaker propylene prices in Asia are maintaining downward pressure on the US market for propylene. The continued weakness, which follows...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Weak-fundamentals-persist-for-propylene-in-the-US_66922.html
January 15, 2015
Versalis, the chemicals subsidiary of ENI (Rome), has announced the temporary restart of the company's naphtha cracker at Porto Marghera, Italy, as part of a supply agreement with...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Versalis-confirms-restart-of-Porto-Marghera-cracker-to-supply-Shell_66850.html
January 9, 2015
Sabic's European regional subsidiary is encountering "system issues," and the company does not yet know when these issues will be fully resolved and when business will be...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Sabic-Europe-encounters-system-issues-at-Europe-production-sites_66716.html
January 9, 2015
Chandra Asri (Jakarta) is operating its naphtha cracker and butadiene extraction unit at Cilegon, Indonesia, at reduced rates, after the cracker was restarted on 29 December...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Chandra-Asri-runs-cracker-butadiene-plant-at-reduced-rates-after-restart_66705.html
January 8, 2015
Production of olefins increased in Western Europe in the first nine months of 2014 compared with the same period of the previous year, and third-quarter production was up year-on-year...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Third-quarter-olefin-production-rises-in-Western-Europe_66647.html
January 5, 2015
National Petrochemical Industrial Co. (NatPet; Yanbu, Saudi Arabia) will shut its propylene and polypropylene (PP) complex at Yanbu on 25 January for scheduled maintenance, the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/NatPet-to-shut-PP-complex-this-month-for-maintenance_66529.html
December 30, 2014
Versalis, the chemicals subsidiary of ENI (Rome), says that it has signed a firm agreement for the previously announced divestment of some of the company's petrochemical production...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Versalis-signs-agreement-to-divest-petchem-assets-at-Sarroch-to-refining-firm_66495.html
December 29, 2014
Lotte Chemical (Seoul) plans to shut its Daesan, South Korea, steam cracker between October 2015 and November 2015 for regular maintenance, a source close to the company said today...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Lotte-Chemical-to-shut-Daesan-cracker-in-October-2015-for-maintenance_66472.html
December 19, 2014
Mitsui Chemicals plans to shut its olefins conversion unit (OCU) at Osaka temporarily from the middle of January because of weaker propylene prices, the company said today. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Mitsui-Chemicals-to-idle-olefins-conversion-unit-next-month-because-of-weak-propylene-prices_66348.html
December 19, 2014
UOP, a Honeywell subsidiary, says its C3 Oleflex process technology plant owned by Sibur (Moscow) has reached full capacity utilization. The facility, based at Tobolsk, Russia, will...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Siburs-propane-dehydrogenation-plant-reaches-full-capacity_66233.html
December 17, 2014
Restarting Versalis's (Milan) Porto Marghera, Italy naphtha cracker is feasible, given that the company has not laid off any of the plant's employees, under the terms of an agreement...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Porto-Marghera-cracker-restart-is-feasible-would-make-ethylene-market-balanced-to-long-market-source_66243.html
December 11, 2014
Yeochun NCC (YNCC; Seoul) plans to start feeding up to 10% liquefied petroleum gas (LPG) into the company's No. 1 naphtha cracker at Yeosu, South Korea, from early January, a source...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Yeochun-NCC-plans-to-use-LPG-at-Korea-cracker-from-early-January_66074.html
December 10, 2014
Global Bioenergies has produced bio-sourced propylene via fermentation. The company says it has created a proprietary prototype strain that is able to convert glucose into...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/propylene/Global-Bioenergies-succeeds-in-making-bio-sourced-propylene_65981.html
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