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August 31, 2015
Evonik Industries has started up plants for C4-based products at its Marl, Germany, site, part of a three-digit million-euro investment for these products in Europe. The plants were...
http://www.chemweek.com/sections/basic_chemicals_plastics/Evonik-starts-up-C4-expansion-at-Marl-using-new-technology_73322.html
August 28, 2015
China’s styrene inventories are slowly rising back to historical averages, and following a sharp, downward price correction, the backwardation that has characterized the...
http://www.chemweek.com/sections/basic_chemicals_plastics/Recovering-styrene-inventory-in-China-drives-price-correction_73248.html
August 28, 2015
Ethylene spot prices on the US Gulf Coast (USGC) have been tumbling since the start of August most likely because buyers are waiting for a clearer view on the market, analysts at IHS...
http://www.chemweek.com/sections/basic_chemicals_plastics/US-ethylene-buyers-waiting-for-price-floor_73249.html
August 25, 2015
Lenzing (Lenzing, Austria), a producer of man-made cellulosic fibers, has announced sales of €955.4 million ($1.10 billion) in the first half of 2015 compared with sales of...
http://www.chemweek.com/sections/basic_chemicals_plastics/Lenzing-reports-higher-sales-profit-profitability-in-first-half_73152.html
August 18, 2015
The average daily production of chlorine in Europe was 26,882 m.t. in June compared with 25,088 m.t. in the corresponding month in 2014, up 7.2% year-on-year (YOY), according to trade...
http://www.chemweek.com/sections/basic_chemicals_plastics/Europe-chlorine-production-rises-in-June-caustic-stocks-fall_73038.html
August 18, 2015
Chile hopes to boost its domestic production of hydrocarbons through natural gas potentially available from the country’s Magallanes Shale Basin. The Magallanes Shale is being explored and could eventually provide a useful source of petrochemical raw materials....
http://www.chemweek.com/sections/basic_chemicals_plastics/Chile-eyes-shale-gas-as-potential-source-of-petchem-feedstock_72950.html
August 14, 2015
Braskem (São Paulo) and Petrobras (Rio de Janeiro) had been scheduled to meet on 10 August to agree on the naphtha price for a long-term contract covering supplies from...
http://www.chemweek.com/sections/basic_chemicals_plastics/Petrobras-Braskem-yet-to-decide-on-long-term-naphtha-supply-contract-price_72951.html
August 6, 2015
Ciner Group (Istanbul) is preparing to leap into the top tier of soda ash producers. The company currently ranks outside the world top 10, but massive capital investment plans and the acquisition of OCI Resources (Atlanta) could propel Ciner into the number-two position by 2018, says Marguerite Morrin, senior director at IHS Chemical....
http://www.chemweek.com/sections/basic_chemicals_plastics/Ciner-buys-OCI-Resources-building-leadership-in-natural-soda-ash_72623.html
July 31, 2015
Operational disruptions continued to curtail the supply of olefins in Europe during July. The affected steam crackers did not restart as quickly as had been hoped, and hot weather...
http://www.chemweek.com/sections/basic_chemicals_plastics/Plant-disruptions-reduced-Europes-olefins-supply-in-July_72579.html
July 20, 2015
Methanol, traditionally, has been a chemical feedstock consumed in the manufacture of derivatives such as formaldehyde, acetic acid, methyl methacrylate, and methylamines....
http://www.chemweek.com/sections/basic_chemicals_plastics/The-changing-face-of-methanol-demand_72206.html
July 17, 2015
Purified terephthalic acid (PTA) supply is increasing in Asia faster than demand, resulting in a net operating rate of just 70% in China, based on nameplate capacity, according to IHS Chemical’s latest Market Advisory Service: Global Polyester Fibers & Feedstocks....
http://www.chemweek.com/sections/basic_chemicals_plastics/PTA-supply-outpaces-demand-in-Asia-lowering-operating-rates_72225.html
July 17, 2015
The rising price of feedstock benzene has put a pinch on North American producers of nylon-6, who have responded by increasing prices. BASF on 6 July issued an increase of 10 cts/lb on...
http://www.chemweek.com/sections/basic_chemicals_plastics/July-US-benzene-settlement-sparks-second-round-of-nylon-6-price-increases_72226.html
July 13, 2015
(This story has been corrected. The figures in paragraph five refer to production capacity throughout the Americas, not production in North America.) China’s enormous...
http://www.chemweek.com/sections/basic_chemicals_plastics/China-MTO-promises-big-opportunity-for-methanol-producers-in-US_71640.html
July 6, 2015
North American producers of polyvinyl chloride (PVC) have postponed May price increases to June and July in response to weak demand, IHS Chemical says. The increases span 2–3...
http://www.chemweek.com/sections/basic_chemicals_plastics/North-America-PVC-demand-prices-set-to-rise-after-weak-first-half_71938.html
July 6, 2015
Greece defaulted on a €1.6-billion ($1.79 billion) payment to the International Monetary Fund that was due on 30 June, and, although IHS expects an agreement to be reached...
http://www.chemweek.com/sections/basic_chemicals_plastics/Grexits-likely-impact-on-Europe-petchem-industry-limited-IHS_71939.html
June 26, 2015
The closure of Haverhill Chemicals' (Houston) production site at Haverhill, OH, with the potential loss of 141 jobs—announced toward the beginning of June—remains uncertain...
http://www.chemweek.com/sections/basic_chemicals_plastics/Haverhill-closures-effect-on-US-phenol-market-may-be-limited_71635.html
June 15, 2015
OPEC’s meeting in Vienna in early June showed a continuation of the Saudi-led resolve to defend market share and let the market determine the oil price as a response to increasing...
http://www.chemweek.com/sections/basic_chemicals_plastics/OPEC-signals-opportunity-for-petrochemicals_71212.html
June 15, 2015
Despite strong downstream derivative demand, North American propylene inventories are at five-year highs, boosted by increased production in steam crackers. Prices have fallen low...
http://www.chemweek.com/sections/basic_chemicals_plastics/North-America-propylene-down-on-low-costs-rising-inventories_71247.html
June 12, 2015
Williams Partners' has achieved on-spec ethylene this week at its Geismar, LA, olefins plant, according to market participants. A source close to the company said last week that the...
http://www.chemweek.com/sections/basic_chemicals_plastics/Williams-Geismar-unit-achieves-on-spec-ethylene_71202.html
May 29, 2015
Cheap energy and feedstocks derived from shale gas have sparked a petrochemical investment boom in North America. Most of the new projects have been drawn to the industry’s epicenter on the US Gulf Coast, but about one third—including a surprising number of ethylene projects—have been located elsewhere....
http://www.chemweek.com/sections/basic_chemicals_plastics/Beyond-the-US-Gulf-Coast-ethylene-projects-progressing-slowly_70784.html
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