Phillips 66 will reduce delivery of polypropylene grades because of issues with feedstock supply, further squeezing an already tight market, sources said Tuesday. The company announced the measure late Monday in a letter to customers ...
Saudi Butanol Co. has received Saudi Ministry of Commerce and Industry's approval for construction of the world's largest butanol plant in Jubail Industrial Complex, Saudi Arabia. Sabuco is a joint venture of three leading Saudi ...
Tags: Metallurgy, Mineral, Energy
Ineos Olefins and Polymers seeks to increase its polypropylene prices in the US by 2 cents/pound ($44/metric ton) for July, joining other producers seeking to expand margins for the second time this year, market sources said Monday. The ...
Tags: Polypropylene, Chemicals
Multiple market sources said Thursday that US high density polyethylene contract prices are expected to rise by 2 cents/lb for June, while low density polyethylene and linear low density polyethylene contract prices are likely to remain ...
Tags: Chemicals, polyethylene, LDPE, LLDPE
Multiple market sources said Thursday that US high density polyethylene contract prices are expected to rise by 2 cents/lb for June, while low density polyethylene and linear low density polyethylene contract prices are likely to remain ...
Tags: high density polyethylene, LDPE, LLDPE
Qatar will use a mix feed of ethane and natural gas liquids as feedstock for two upcoming petrochemical projects, a company source said Monday. The first project involves Qatar Petroleum and Royal Dutch Shell. The two companies signed a ...
The US spot ethylene market was at a standstill Thursday on news of an explosion and fire at Williams' olefins complex in Louisiana that killed one person earlier in the day, market sources said. Sellers pulled all material Thursday ...
Tags: Ethylene, Louisiana Plant Fire
The development of a grassroots LNG industry in western Canada's British Columbia will be a key factor in companies finalizing plans to invest in new petrochemical ventures in neighboring Alberta, industry officials and producers said late ...
Tags: Canada, LNG Projects, Chemicals
The newly appointed managing director of Kuwait's Petrochemical Industry Company), which is at the center of a political crisis over a $2.2 billion compensation payment to Dow Chemical, has said that implementation of a number of planned ...
Tags: Chemicals
Chevron Phillips Chemical has declared a force majeure for its polyethylene products, according to a letter to customers Tuesday that was obtained by Platts. The company said in the letter that the move was caused by a "contingency event" ...
Tags: Chevron Phillips, Polyethylene
Huntsman Corporation reported first quarter 2013 results with revenues of $2,702 million and adjusted EBITDA of $220 million. First Quarter 2013 Highlights -Adjusted EBITDA was $220 million compared to $407 million in the prior year ...
Tags: Revenues, Huntsman Textile
LyondellBasell Industries announced earnings for the first quarter 2013 of $906 million, or $1.56 diluted earnings per share. First quarter 2013 EBITDA was $1,585 million, a 25 percent increase from the fourth quarter 2012 and a 29 percent ...
Tags: Textile
Huntsman has unexpectedly shut its ethylene oxide unit in Port Neches, Texas for an unplanned maintenance, a company spokeswoman said Thursday. "We anticipate the unit will resume operation this weekend," Huntsman spokeswoman Anne Knisely ...
Tags: Chemicals
Flint Hills Resources began restarting its Port Arthur, Texas, light olefins unit Wednesday following an April 14 power outage in the area, the company said in filing with state regulators. The air startup is expected to be finished by ...
Tags: Flint Hills Resources, Port Arthur, Texas
UOP LLC, a Honeywell company, announced that its UOP C3 Oleflex process technology has been selected by Williams to produce propylene, a valuable petrochemical used in plastics production. The selection is the sixth win for ...
Tags: Williams, UOP Technology, Propylene