IHS Chemical Week
PLASTICS

Wood Group awarded process-controls contract for ExxonMobil ethylene, PE project

12:17 PM MST | March 2, 2015 | Clay Boswell

Wood Group (Houston) says it is providing detailed engineering, procurement, and fabrication services for the process control systems required by ExxonMobil Chemical’s multibillion-dollar expansion project at ExxonMobil's Baytown and Mont Belvieu plants near Houston....


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Petrochemicals Malaysia restarts high impact polystyrene plant

Petrochemicals Malaysia restarted its polystyrene (PS) plant at Pasir Gudang, Johor, on 21 January after completing a prolonged shutdown maintenance program which began in early January, a company spokesman confirmed today. The plant, which can...

Westlake net income up 7% on feedstock costs

Westlake reports net income for the fourth quarter of $183 million, up 7% year-over-year (YOY) from $171 million on the advantage of converting from propane to ethane feedstock. Net sales increased 19% YOY to $1.1 billion, mainly on the contribution of Vinnolit Holdings, which Westlake acquired in the third quarter. Earnings of $1.37/share were just shy of the analysts’ consensus of $1.38/share reported by Thomson Reuters (New York) owing to the 3 cnt/share impairment of an equity investment....

Alpek's loss widens in fourth quarter, exits Russian JV

Alpek (Monterrey, Mexico) reported a net loss of $25 million during the fourth quarter of 2014 compared with a $9-million loss in the fourth quarter of 2013. The quarterly loss was attributable to a $52-million inventory devaluation charge, a $28-million...

Japan extends dumping probe on TDI from China

Japan has extended the period of its antidumping investigation into toluene diisocyanate (TDI) originating from China by four months, until 13 June, Japan's ministries of economy, trade, and industry and finance say.   The probe was extended because each...

Sibur starts work on its largest project, completion may take longer than expected

Sibur announced today that the first foundations have been laid on ZapSibNeftekhim, the company’s biggest investment project being built at Tobolsk, Russia. The ceremony was attended Anton Ustinov, adviser to the president of Russia; Svetlana Radionova...

Advanced Petrochemical to shut propylene, PP plants for maintenance in March

Advanced Petrochemical (Al Jubail) plans to shut its propylene and polypropylene (PP) plants at Al Jubail for three weeks of planned maintenance starting on 1 March, the company says. The affected plants can produce up to 455,000 m.t./year of propylene...

Loyal Group to shut EPS plants in China this weekend for two weeks

The Loyal Group plans to shut its six expandable polystyrene (EPS) plants in China from 14 February for at least two weeks, a source close to the company said Tuesday. Citing weak EPS demand and the approaching Lunar New Year holidays from 19 to 24 February...

Reports: Lanxess in talks to sells a minority stake in synthetic rubber business

Lanxess is said to be in separate talks with Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia) and Saudi Aramco to sell a minority stake in its rubber business, according to a Reuters report quoting people familiar with the matter. One of the parties would be...

M&G Chemicals ahead of schedule with PTA-PET project in US

M&G Chemicals (Luxembourg) is pushing ahead with its purified terephthalic acid-polyethylene terephthalate (PTA-PET) project at Corpus Christi, TX, and the company plans to start commercial operations in 2016, industry sources say. This would be roughly...

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