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BASIC CHEMICALS

CPChem begins startup process at Texas ethylene unit

2:14 PM MDT | May 22, 2015 | Brian Balboa

ChevronPhillips Chemical (CPChem) began the startup process at an ethylene unit in Texas on Thursday, according to a filing with state regulators. CPChem said in a filling with the Texas Commission on Environmental Quality (TCEQ) that ethylene unit 22 at its...


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Eastman to increase MIBK prices

Eastman Chemical says it will increase prices on methyl isobutyl ketone (MIBK) in North America and Latin America by 5 cts/lb ($110/m.t.), effective 5 June or as contracts allow. The company cites elevated operating costs, especially in raw materials....

Williams Geismar ethylene production affected by power outage

Williams Partners' confirmed late Thursday that ethylene production at its Geismar, LA, olefins plant has been temporarily affected and customers have been notified that their allocations for this month may be adjusted. The company's statement comes...

Asian styrene prices post sharp week-on-week fall, spread to benzene narrows

Week-on-week, Asian spot styrene prices posted the steepest fall of $110/m.t. among several aromatics in the region, IHS Chemical data show, while price spreads between related aromatics narrowed too. Negative factors that resulted in styrene’s...

India approves ammonia-urea plant at Namrup, Assam

India has approved the setting up of an ammonia-urea complex at Namrup, Assam with a production capacity of 864,000 m.t./year, the cabinet says, at an estimated investment of 45 billion Indian rupees ($833.3 million). It says the complex will be established...

US-European styrene arbitrage more attractive option

With styrene prices in Europe moving higher this week, IHS Chemical analysts have said the arbitrage window between the United States and Europe is more favorable compared with the arbitrage window between Asia and the United States. European styrene spot...

Sources say Williams Louisiana facility down after lightning strike

Market participants said on Thursday this week that the Williams Partners' Geismar, LA, facility would be shut for a minimum of one week, because of an electrical outage brought on by a lightning strike. Williams has not yet confirmed any shutdown at the...

India approves plan to revive shut urea plant at Sindri

India has approved a plan to spend 60 billion Indian rupees ($1.11 billion) to revive a shut urea plant at Sindri (Jharkhand), the cabinet says. The plant, which has been shut since March 2002, was operated by the Fertilizer Corporation of India, and has a...

PotashCorp reviewing shareholdings in SQM and ICL

PotashCorp’s CEO Jochen Tilk on Thursday said that the company will continue to review whether to retain its  shareholdings in fellow potash producers, SQM (Santiago, Chile) and ICL (Tel Aviv). Speaking at the BMO investor conference in New York...

Repsol confirms force majeure on ethylene, butadiene following technical issue at Tarragona cracker (update, adds commentary on aromatics)

Repsol has declared force majeure on ethylene and butadiene, due to a technical issue in a boiler that has halted operations at the company's Tarragona, Spain steam cracker, the company has confirmed to CW. Repsol’s nominal production capacity of...

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