Falling natural gas liquids production in the US Midwest and Rockies has resulted in a return of the regional frac spread to positive territory and a drop-off in ethane rejection since mid-January, a Platts analysis shows. Platts ...
Tags: natural gas liquids production, benchmark Conway, Kansas
With 100% of its ethylene cracking capacity located in the Middle East and North America, US oil and petrochemical major Chevron is poised to benefit financially and competitively from its access to cheap feedstock, the company said ...
Tags: Chevron, oil, petrochemical
LyondellBasell executives, led by CEO Jim Gallogly, told participants at the company's Investor Day in New York how LyondellBasell is preparing to build upon its record 2012 performance which included $5.8 billion of EBITDA and earnings of ...
Tags: Lyondellbasell, Record Performance, Textile
Netherlands-based petrochemicals company LyondellBassell expects to eliminate imported naphtha from its US feedstock mix within the next few years, a company executive said Wednesday. Speaking at the IHS CERAWeek conference in ...
US propane and propylene stocks dropped 3.22 million barrels to 47.85 million barrels in the reporting week that ended Friday, the Energy Information Administration said Wednesday Midwest supplies fell 926,000 barrels to 13.52 million ...
Westlake Chemical Corporation reported net income for the three months ended December 31, 2012 of $95.3 million, or $1.42 per diluted share, compared to net income of $26.4 million, or $0.40 per diluted share, reported for the fourth ...
New paraxylene capacity of 2.6 million mt/year and benzene capacity of 820,000 mt/year will be built in Saudi Arabia over the next four years by Saudi Aramco, a source close to the state company said Tuesday. These aromatics capacities ...
Tags: Saudi Aramco, Benzene, paraxylene
LyondellBasell is dropping plans to expand a metathesis unit to boost propylene production at its Channelview, Texas, facility, and will instead focus its efforts on debottlenecking projects at its ethylene units, company CEO Jim Gallogly ...
Ineos Europe said Wednesday it has entered into 15-year shipping agreements with Danish shipping company Evergas for the transportation of ethane into Europe from the US Mariner East project. The Mariner East pipeline, processing and ...
Tags: Ineos Europe, shipping agreements, Evergas, US Mariner East project
US steam cracker margins climbed week-on-week as ethylene prices reacted to the news of planned and unplanned outages in the US Gulf Coast region. ExxonMobil suffered an upset at its Baytown, Texas, olefins plant Tuesday. Westlake ...
Tags: US, Ethylene Margins, ethylene prices, Production Outages, Feedstocks
US olefins producer Westlake Chemical has shut its Petro-2 steam cracker in Lake Charles, Louisiana, while it carries out expansion work, the company said Thursday. The expansion of the 565,000 mt/year cracker will be carried out in ...
Tags: US, olefins, Westlake Chemical, shut, ethylene
Westlake Chemical Corporation's previously announced expansion of the Petro 2 ethylene unit at its complex in Lake Charles, LA has begun. This expansion will be completed in conjunction with a planned maintenance turnaround and will ...
Tags: Westlake Chemical Corporation, Petro 2 ethylene unit, expansion
US steam cracker margins rose week on week as feedstocks prices declined, and while the continental US is enjoying a relatively warm winter. Mild weather forecasts for the upcoming months have lead to a drop in the price of propane, which ...
Tags: US, steam cracker margins, feedstocks prices
Fueled by cheap natural gas liquids from the Eagle Ford Shale -- primarily ethane -- Texas' petrochemical industry will export 33% more ethylene and more finished plastics overseas by 2017, a report by the Federal Reserve Bank of Dallas ...
Tags: natural gas liquids, Texas, petrochemical industry, natural gas stream
US steam cracker margins climbed last week on higher spot prices and chemical plant outages. The US ethylene spot price jumped 6 cents on the week and was assessed Friday at 60-60.50 cents/lb FD USG, as olefins producer Williams ...
Tags: steam cracker, US, chemical plant outages, steam supply