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Displaying 1 - 20 of 131 stories.
September 29, 2014
Americas Styrenics (AmSty; The Woodlands, TX) will open a new styrene truck terminal at its Channahon, IL, facility, on 1 October. The terminal, wholly owned by AmSty, will schedule shipments seven days per week, says the company, which has reached an agreement with Hoffman Transportation to dedicate a number of trucks exclusively for the terminal....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/AmSty-to-open-new-styrene-truck-terminal-in-Illinois_64122.html
September 17, 2014
Shell Chemicals says it will rebuild the MSPO-2 propylene oxide–styrene monomer (POSM) plant at the company's Moerdijk, Netherlands, facility. In a statement issued on 17 September, Shell says it has determined the cause of an explosion that destroyed the plant in June and that it “is convinced that a similar incident can be prevented from occurring again in the future.”...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Shell-to-rebuild-Moerdijk-POSM-plant_63866.html
August 6, 2014
Trinseo (Berwyn, PA) reports a second-quarter net loss of $45 million, down from a loss of $28 million in the year-ago period. Revenues declined 2% year-over-year (YOY) to $1.3 billion. Adjusted earnings of 28 cts/share were shy of the analysts’ consensus estimate of 31 cts/share, as compiled by Thomson Reuters....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Trinseo-reports-second-quarter-loss-of-$45-million_63038.html
June 25, 2014
Kraton Performance Polymers’ planned merger with the styrenics block copolymers (SBC) unit of LCY Chemical (Taiwan) may not pay off for two years later than expected, the company said on 24 June. The company’s stock price fell 14% the day of the announcement, losing $3.60/share to close at $21.53/share....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Kraton-shares-fall-14-percent-on-weaker-post-merger-earnings-forecast_62008.html
June 12, 2014
Trinseo, formerly Styron, shares today began trading on the New York Stock Exchange (NYSE) under the symbol “TSE,” at $19/share. The company announced earlier this month...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Trinseo-prices-shares-at-$19-begins-trading_61722.html
June 6, 2014
Trinseo, formerly Styron, today launched an initial public offering, aiming to raise $170–190 million through the sale of 10 million common shares. The company has also applied...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Trinseo-launches-$180-million-IPO_61481.html
June 5, 2014
The explosion that occurred in the evening of 3 June at Shell Chemicals' Moerdijk, Netherlands, site has caused styrene prices to rise and is expected to result in more balanced...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Moerdijk-explosion-drives-up-styrene-spot-prices-in-Europe_61583.html
May 14, 2014
Styron (Berwyn, PA) reports first-quarter income of $17.1 million, compared with a loss of $9.7 million in the year-ago period. Sales totaled $1.36 billion, down 2.3% year-over-year (YOY) on lower selling prices, partly offset by higher volumes and favorable currency impact....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Styron-swings-to-$17-million-profit_61060.html
March 28, 2014
Styrene margins will improve as direct production of propylene oxide (PO) reduces the need for propylene oxide-styrene monomer (POSM) technology, says Peter Feng, sr. director/styrenics and phenolics at IHS Chemical. “It is the development of direct PO that saved the styrene market,” he says....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/IHS-WPC-2014-Styrene-margins-to-improve-with-displacement-of-POSM-technology_59888.html
March 20, 2014
Trinseo, formerly Styron, filed for an initial public offering worth up to $200 million today, nearly three years after the company filed for a $400 million that never commenced...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Trinseo-refiles-for-IPO_59621.html
March 12, 2014
Trinseo, formerly Styron, reports net income for the 2013 fourth quarter of $10.6 million, up from a loss of $507,000 in the year-ago period. Adjusted Ebitda more than doubled, to $109 million, the result of improved styrene production margins and an additional $10 million in 2013 dividends from the Americas Styrenics joint venture....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/TrinseoStyron-swings-to-profit_59475.html
March 2, 2014
The Kuwait Styrene Co., (TKSC) today reported a net profit of $180 million for the fiscal year ending 31 December 2013. “Despite several challenges, these profits exceeded the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Kuwait-Styrene-reports-record-sales-and-profit-on-higher-demand_59249.html
February 27, 2014
Styrolution (Frankfurt), the global leading producer of styrenics jointly owned by BASF and Ineos, today announced record profits for 2013. Ebitda before special items for the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Styrolution-posts-record-profit-on-strong-styrene-PS-margins-optimistic-for-2014_59151.html
January 9, 2014
Americas Styrenics (The Woodlands, TX) plans to construct a deep water dock at its styrene production facility at St. James, LA, on the Mississippi River. The company expects to obtain local permits by mid-2014 and to bring the facility online in late 2015....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Americas-Styrenics-plans-deep-water-dock-for-St-James-facility_57856.html
November 27, 2013
Styrolution says it will consolidates its Indian operations. The assets include ABS India (SAI; Vadodara, India) and Styrolution India Private Ltd. (Mumbai). Styrolution India Private...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Styrolution-to-consolidate-its-ABS-operations-in-India_56957.html
October 31, 2013
Styrolution plans to add a production line for alpha-methyl styrene acrylonitrile (Amsan), a heat-resistance modifier, at its site in Altamira, Mexico, the company announced on 30 October....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Styrolution-to-add-Amsan-line-in-Altamira_56314.html
October 2, 2013
Petrobras's (Rio de Janeiro) shareholders have approved the sale of Innova (Triunfo, Brazil) to plastic packaging and styrene producer Videolar (São Paulo) in a deal valued at...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Petrobrass-shareholders-approve-divestment-of-Innova_55583.html
August 28, 2013
Industrial action could lift prices of petrochemical products transported along rivers and canals in Germany, market sources say. Ver.di, a trade union, says it has appealed to...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Industrial-action-at-Germanys-canal-locks-boosts-petrochemical-prices_54796.html
August 18, 2013
Petrobras says that its board of directors on Friday approved plans to sell $2.1 billion worth of assets, including upstream and downstream operations. The company is selling...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Petrobras-sells-$2-1-billion-worth-of-assets-including-Innova_54546.html
July 26, 2013
Dow Chemical says it has completed the sale of its styrenics unit, Styron, to Bain Capital (Boston) for $1.63 billion. The company placed Styron up for sale in July 2009 and announced...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/styrene/Dow-Completes-Sale-of-Styron-Business_27502.html
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