European ethylene spot prices jumped Thursday following a fire earlier in the week at Shell's Moerdijk site in the Netherlands, sources said Friday, adding that they expect olefin supply from the steam cracker at the site to be affected. ...
Tags: Ethylene, Prompt ethylene
European spot steam cracker margins hit a near month high of Eur72/mt ($98/mt) Wednesday on the back of an increase in ethylene. Ethylene spot prices Wednesday reached their highest point since the end of February at Eur942.50/mt FD NWE, ...
Northwest European spot styrene values rallied $45/mt or 3% Wednesday morning in reaction to the fire that broke out at Ellba's styrene monomer/propylene oxide plant at Moerdijk, the Netherlands. Styrene end-users and consumers stepped ...
Tags: spot styrene, specific material
North America-based petrochemical companies are likely to enjoy a competitive advantage over their rivals based elsewhere for the next several years as a result of the US shale gas revolution, which provides both inexpensive feedstocks and ...
Kumho Petrochemical will continue to operate its two butadiene plants in South Korea at reduced rates of 50% for the time being, due to an ongoing lack of crude C4 feedstock, a company source said Wednesday. The company has a 150,000 ...
Tags: Butadiene, Kumho Petrochemical
Ethylene spot prices in Northwest Europe increased marginally week on week to Eur885/mt ($1,214/mt) FD NWE Friday on the back of a fall in steam cracker utilization rates, which helped managed the oversupply in ethylene, sources said. ...
Tags: Ethylene, Utilization Rates
The Asian naphtha industry agreed Thursday that carbon disulfide, or CS2, levels in the light distillate have to be reported for cargoes originating from Sikka, India, and those from Western arbitrage flows into the region. Currently, ...
Tags: Naphtha Industry, Carbon Disulfide
The BASF TOTAL Petrochemicals LCC (BTP) joint venture (60 percent BASF, 40 percent Total) announced the startup of a 10th furnace at its steam cracker facility in Port Arthur, Texas. The additional furnace improves feedstock flexibility, ...
Tags: Steam Cracker, furnace, BTP
Ethylene producers in Northwest Europe have fixed two cargoes to Asia for March loading driven by length in domestic market, the turnaround season in Asia and port congestion in the Middle East, sources said this week. Europe, a net ...
In Q4 Unipetrol Group posted operational profit EBITDA LIFO of CZK 252m. Due to lower petrochemical and refinery production sales, as well as refining margins, revenues of the Company decreased by 5% y/y and in Q4 amounted at CZK 25.070 bn. ...
Tags: Unipetrol Group, Textile
Fuji Oil may consider entering into alliances with other companies in the Japanese refining and petrochemical sector, where it can benefit, a senior company official with the Japanese refiner said. "We are not able to speak about anything ...
Tags: oil, Metallurgy, Mineral, Energy
Innovation and integration resulting in greater feedstock flexibility have provided a significant competitive advantage for ExxonMobil’s chemical business, Steve Pryor, President of ExxonMobil Chemical Company, told attendees at the ...
Tags: ExxonMobil, Textile
The Polish company Grupa LOTOS S.A. has selected Axens to provide the technology license for a new Coker Naphtha Hydrotreater at its Gdansk refinery. This contract is part of the Gdansk refinery development and modernization program based ...
Tags: Grupa LOTOS S.A., Axens, technology, Coker Naphtha Hydrotreating
Taiwan's Formosa Petrochemical Corp. is expected to continue using LPG as alternative feedstock at its steam crackers until after November when it will switch to fully using naphtha, an industry source said Friday. The plan comes as prices ...
Tags: Steam Cracker, Formosa
BASF, working in cooperation with TÜV SÜD (a third-party certification body), has developed an innovative mass balance approach for the use of renewable feedstocks in the integrated production. The process is available immediately ...
Tags: BASF, Construction, Decoration, Coating