The first barrel of ethane from the Bakken field will go to Nova Chemicals' Joffre, Alberta facility to be value added and converted into polyethylene next year, which explains why CEO Randy Woelfel described himself at an industry event in ...
Tags: Shale gas, Petchems, petrochemicals
Williams Partners announced that it has completed the transaction to acquire Williams' approximately 83-percent undivided interest in the Geismar olefins production facility, as well as Williams' refinery-grade propylene splitter for $2.264 ...
Tags: Olefins Business, olefins production facility, olefins production
Saudi Aramco is "diligently" exploring shale gas reserves in Saudi Arabia, however uncertainty reigns over whether such reserves could be tapped by petrochemical companies, top officials from the country's petrochemicals industry said ...
Westlake Chemical Corporation announced that it will perform planned maintenance and an expansion of the Petro 2 ethylene unit at its complex in Lake Charles, LA in the first quarter of 2013. This expansion will increase ethane-based ...
Tags: ethylene unit, ethylene, styrene, propylene, caustic
EQUATE Petrochemical Company said that the global petrochemical industry was facing serious global challenges. Delivering the keynote address at PETCHEM Arabia in Bahrain, EQUATE President & CEO Mohammad Husain said, “The challenges ...
Tags: EQUATE, petrochemical industry, gas development, gas
Williams Partners and Williams announced an agreement for Williams Partners to acquire Williams'approximately 83-percent undivided interest in the Geismar olefins production facility,as well as Williams'refinery-grade propylene splitter ...
INEOS Europe AG has announced that it has completed supply and infrastructure agreements that will secure a significant volume of ethane feedstock from the US, for use in its European cracker complexes. The company has agreed to a long ...
US steam cracker margins showed minor increase against lower feedstock costs in a shortened holiday week,as US markets were closed for celebration of the Thanksgiving holiday. Platts'close of assessment for the week was at 12:30 p.m.CST ...
Tags: steam cracker margins, Ethane-based ethylene margins, data, price
Westlake Chemical Corporation reported net income for the three months ended September 30, 2012 of $87.0 million, or $1.30 per diluted share, on sales of $821.2 million. This represents an increase in net income of $19.1 million from the ...
Tags: Westlake Chemical Corporation, net income, debt refinancing costs
Technip in a JV with Odebrecht and ICA Fluor awarded large EPC contract by Braskem Idesa for the Ethylene XXI project Braskem Idesa S.A.P.I. awarded to a joint venture formed by Odebrecht (40%), Technip (40%) and ICA Fluor ...
Tags: petrochemical, petrochemical complex, ethylene cracker, polyethylene
Tough sledding continued for the North American polypropylene resin market in November, with average selling prices dropping another 6 cents per pound. After climbing 37 cents in the first five months of 2011, PP prices now have fallen an ...
Tags: Market View