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
Petrochemical producers are expected to increase investments in Alberta in the coming few years, with the prospects of additional feedstock becoming available and current market conditions favoring NGL and ethane extraction costs, a key ...
Tags: petrochemical, petrochemical spending, NGL, ethane
The Alberta government is aiming to attract major investment in its natural gas sector in 2013, as part of the Canadian province's strategy to develop a balanced and diversified energy portfolio, a provincial government official said ...
Tags: natgas investments, gas sector, gas, gas prices
As part of its economic diversification plan, Qatar is likely to invest about US$ 25 billion in the country's petrochemical sector by 2020, according to a recent report released by Qatar National Bank (QNB). In its report titled ...
Tags: economic diversification plan, petrochemical sector, invest, QNB
Middle Eastern petrochemical producers will continue to enjoy considerable cost advantage compared with their counterparts in Southeast Asia even as a scarcity of gas forces them to shift to other feedstocks, Jaap Kalkman, a partner at ...
Tags: ME petchem, petrochemical, gas prices
LyondellBasell announced Petroliam Nasional Berhad (PETRONAS) has selected the Spheripol process technology from LyondellBasell for two 300 KTA polypropylene (PP) plants to be located in Pengerang, Malaysia. “PETRONAS’ ...
Tags: PP plants, polypropylene plants, polypropylene process technology
New mega projects will boost the UAE's investment in the petrochemicals industry to nearly USD 12 billion by 2015 to maintain its position as a major global producer of the gas based substance. According to official data, the investments ...
Tags: Chemical Investment, petrochemicals industry, gas based substance
Williams Energy will apply in early 2013 to Alberta's Energy Resources Conservation Board to build a natural gas liquids and olefins processing facilities in the province, even as it aims to add a new petrochemical value chain, the ...
LyondellBasell Industries announced earnings for the third quarter 2012 of $851 million, or $1.47 per share. Third-quarter 2012 EBITDA was $1,565 million, inclusive of a $71 million reversal of non-cash, lower of cost or market inventory ...
Tags: olefins business, polyolefins business, chemical industry
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 ...
Polyolefin materials manufacturer in The Netherlands LyondellBasell has announced that the company will restore a low-density polyethylene (LDPE) line in Wesseling, Germany. According to the company, startup of the new LDPE line, which ...
Tags: Ldpe Line, healthcare applications, production capability
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