In the third quarter ending September 30, 2014, higher sales volume of high margin ethane-based products, helped net profit at Petronas Chemicals climb 4.1 percent, from a year ago quarter. Net profit in the third quarter of 2014 rose to ...
Dow Chemical said it will reconfigure and reduce its equity base in the MEGlobal and Greater Equate joint ventures, including Kuwait Olefins Company (TKOC) and Kuwait Styrene Company (TKSC). This reduction, Dow said, will be done through ...
Tags: petrochemical products, Qurain Petrochemical Industries, Textile
Driven by sales from Vinnolit, which it acquired in July 2014 and higher sales prices, revenue at Westlake Chemical surged 24.8% year-on-year in the third quarter ending September 30, 2014. Third-quarter of 2014 turnover climbed to ...
Tags: Westlake Chemical, Vinnolit, Textile
A Heat Generating Material (HGM) concept, developed by Clariant, a producer of specialty chemicals, has received a special mention in the Best Process Innovation category of the ICIS Innovation Awards 2014. “The HGM finds mention as ...
China-based Shenhua Ningxia Coal Industry Group Co. Ltd has awarded a contract to CB&I for the license and engineering design of a polypropylene line to be setup in Ningxia. The Shenhua Ningxia unit will use CB&I's Novolen technology to ...
Tags: Polypropylene, Coal Industry
NYSE-listed and global manufacturer of chemicals and petrochemicals, LyondellBasell, said it is assessing further ethylene capacity expansion feasibility at its petrochemical plant in Channelview, Texas. LyondellBasell said it is ...
Tags: LyondellBasell, Output, Textile
NYSE-listed CB&I’s proprietary Olefins Conversion Technology (OCT) has been chosen by China’s Shenhua Ningxia Coal Industry Group Co. Ltd to set up a petrochemical plant which will produce polymer grade propylene. CB&I said it ...
Mesaieed Petrochemical Holding Company (MPHC) through a statement has clarified that it has no contractual relationship with MSCI Inc. nor does MSCI Inc. coordinate with MPHC on any of it’s matters. MSCI had earlier through a press ...
For the first half of 2014, Thailand-based PTT Global Chemical Company has announced a dividend of Baht 1.37 per share to existing shareholders. The dividend payout amounts to Baht 6,191 million or 50 percent of the net profits for the ...
Swedish integrated olefins and polyolefins producer, Borealis, has inked a 10-year deal with Antero Resources to supply ethane from the US for its flexible steam cracker in Stenungsund, Sweden. Alongside, Borealis has also signed a ...
For the second quarter of 2014, Canada-based Nova Chemicals Corp, a producer of Olefins & Polyolefins, including ethylene, saw its profit slip to $167 million compared to profit of $201 million for the second quarter of 2013, down 16.91 ...
Tags: Nova Chemicals, Textile
LyondellBasell Industries announced earnings from continuing operations for the second quarter 2014 of $2.22 diluted earnings per share, or $1.17 billion. Second quarter 2014 EBITDA was $1.94 billion. The increase from the first quarter ...
Tags: LyondellBasell, Q2 Ebitda, Textile
European ethylene spot prices jumped Thursday following a fire earlier in the week at Shell's Moerdijk site in the Netherlands, sources said Friday, adding that they expect olefin supply from the steam cracker at the site to be affected. ...
Tags: Ethylene, Prompt ethylene
European spot steam cracker margins hit a near month high of Eur72/mt ($98/mt) Wednesday on the back of an increase in ethylene. Ethylene spot prices Wednesday reached their highest point since the end of February at Eur942.50/mt FD NWE, ...
The Linde Group and BASF SE intended to cooperate in developing and licensing processes for the on-purpose production of linear butenes and butadiene. BASF has developed process technology and catalysts as well as the extraction ...