July contract prices for US polyethylene terephthalate are likely to fall, a producer sources said Wednesday, predicting that lower feedstock prices could lead to a 1 cent/lb drop from June levels. US PET June contracts were assessed at ...
Tags: Feedstocks, Pet Contract Prices
Minnetonka, Minn.-based NatureWorks LLC — developer of Ingeo? lactides and biopolymers derived from 100-percent annually renewable resources including agricultural feedstocks — and Menlo Park, Calif.-based Calysta Energy Inc. ...
Tags: Textile
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
INEOS Nitriles and Tianjin Bohai Chemical Industry Group Corporation have signed a non binding Heads of Terms, setting out their intention to establish a 50/50 Joint Venture, to build and operate a world scale Acrylonitrile plant to be ...
Tags: Textile
US ethylene margins climbed for the week as production issues over the weekend pushed spot markets higher Monday. Power outages were reported at Flint Hills Resources in Port Arthur, Texas, and at Chevron Phillips Chemicals' Sweeny ...
Tags: ethylene margins, ethylene
The average run rate at "teapot" refineries in China's Shandong province dropped to 36.5% in April from 42% in March, due to slow sales of oil products, according to data from Beijing-based energy information provider JYD Commodities Hub. ...
Tags: Apr, oil products
The Dow Chemical Company reported First Quarter 2013 Earnings Statement. First Quarter 2013 Highlights -The Company reported earnings of $0.46 per share, or adjusted earnings of $0.69 per share(1). This compares with earnings of $0.35 ...
Tags: Dow Chemical, Textile
GE has introduced a new corrosion protection technology specifically designed for refinery boiler and steam condensate systems. GE’s Steamate™ low salt amine (LSA) product series offers enhanced steam-side corrosion protection ...
European benzene's premium to naphtha has topped the $450/mt mark for the first time since the start of February, as naphtha languishes at multi-month lows and benzene rises despite seemingly weak fundamentals. The benzene-naphtha spread ...
Tags: NWE, Benzene-Naphtha, Chemicals
UOP LLC, a Honeywell company, announced that its technology has been selected to produce key petrochemicals in a new complex in Brunei. Brunei Hengyi Industries Sdn Bhd, a subsidiary of China's Zhejiang Hengyi Group Co., will use several ...
Tags: aromatics, Brunei Petrochemical
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
Thai manufacturer of PET resins, Indorama Ventures (IVL) has announced plans to invest $190m to construct a new manufacturing plant adjacent to its existing site near the Tennessee River at Decatur, Morgan County, US. Construction of the ...
Tags: PET resins, fibers, Packaging
Buyers of polyethylene terephthalate in Europe are reluctant to build inventories as they expect PET prices to decline in April, market sources said this week. These expectations are being driven by weaker upstream markets, as contract ...
Tags: Chemicals
Most US ethylene margins rose late last week despite higher feedstock costs as some production issues helped push up ethylene spot prices, Platts data showed late Friday. US spot ethylene moved up 2.25 cents/lb week on week, to be ...
Tags: ethylene, Propane cracker, Propane
Idemitsu Kosan and Mitsui to sign a basic agreement to commence study on Alpha Olefins production in the United States Idemitsu Kosan Co., Ltd. and Mitsui & Co., Ltd. have signed a basic agreement to commence studies through the ...
Tags: Alpha Olefins, Idemitsu Kosan, Mitsui