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April 7, 2016
The current wave of investments in ethane-consuming petrochemical plants and export facilities is driving up ethane production, according to a report by the US Energy Information...
April 7, 2016
The IHS Materials Price Index ended a six-week streak of increases during the week ended 1 April, dropping 2.8% on a 3.8% decline in oil and a 5.2% decline in chemicals, says Cristian...
April 7, 2016
Monsanto narrowly missed estimates for its fiscal quarter ended 29 February as continued weakness in agriculture markets forced the leading seed manufacturer to cut prices....
April 7, 2016
In a unanimous vote on 31 March, the US International Trade Commission (USITC) determined that domestic producers have been injured by imports of polyethylene terephthalate (PET) resin...
April 7, 2016
Chevron Phillips Chemical has decided to expand low-viscosity polyalpha-olefins (PAO) capacity at its Cedar Bayou plant in Baytown, TX, by 10,000 m.t./year, or about 20%, to meet...
April 7, 2016
DuPont will not resume production at the La Porte, TX, insecticide plant that has been off-line since a fatal methyl mercaptan leak in late 2014. DuPont, which cites weak agriculture markets, says in a 31 March SEC filing that it expects to incur a pretax charge of approximately $70 million in the first quarter....
April 7, 2016
Sociedad Química y Minera de Chile (SQM; Santiago) has announced that it has entered into a 50-50 joint venture with Lithium Americas Corp. (LAC; Vancouver, BC) to develop the...
March 24, 2016
Air Products is in advanced talks to sell its performance material operations to Evonik Industries, according to Reuters reports. The business, which makes chemicals used in sun lotion...
March 24, 2016
Synthomer (Harlow, UK) has announced plans to acquire Hexion’s performance adhesives coatings business (Hexion PAC) for $226 million. Hexion produces resins, polymers, monomers...
March 24, 2016
WL Ross Holding (WLRH; New York), a special-purpose acquisition company (SPAC) run by billionaire investor Wilbur Ross, has announced that it has agreed to acquire Nexeo Solutions (Houston), an international distributor of chemicals and plastics and provider of environmental services, from TPG Capital (San Francisco), a private equity firm....
March 24, 2016
Braskem (São Paulo) plans to modify its steam cracker at Camaçari, Brazil, to use up to 15% ethane feedstock, which will be supplied under a 10-year contract with Enterprise Products Partners (Houston). The Camaçari cracker currently operates using 100% naphtha feedstock....
March 24, 2016
Braskem Idesa, a 75-25 joint venture between Braskem and Grupo Idesa, on 18 March started injecting ethane at the jv’s Etileno XXI steam cracker at Coatzacoalcos, Mexico. The jv...
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