The spot market for LPG cargoes loading out of the Middle East has softened amid weak demand from Asian buyers, according to market sources. This was reflected in the spot cargo price differentials, with Arcadia heard selling 44,000 mt of ...
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
Shell Chemicals is more than likely to re-enter the polyethylene market with its new proposed petrochemical complex in Pennsylvania, but it would not be a core business for the company, Executive Vice President of Shell Chemicals Graham ...
Tags: Shell, polyethylene market, Shell Chemicals
LyondellBasell executives, led by CEO Jim Gallogly, told participants at the company's Investor Day in New York how LyondellBasell is preparing to build upon its record 2012 performance which included $5.8 billion of EBITDA and earnings of ...
Tags: Lyondellbasell, Record Performance, Textile
U.S. 8,188,183 B2 Imperial Chemical Industries has been granted a patent for an autoxidisable coating comprised of a liquid dispersion medium and a binder wherein the binder is comprised of an unsaturated copolymer which is produced by ...
Borealis reported Monday a 72% jump in fourth-quarter net profit to Eur100 million ($133 million) from Eur58 million a year earlier, but gave a downbeat view on the 2013 outlook for its European polyolefins business. Sales grew to ...
Tags: Borealis, net profit, company news, chemicals
Tosoh Corporation is pleased to announce its consolidated results for the first nine months of its 2013 fiscal year. The company’s consolidated net sales for the period ended December 31, 2012, amounted to ¥474.4 billion (US$5.9 ...
Tags: Tosoh Corporation, 2013, fiscal year
Westlake Chemical Corporation reported net income for the three months ended December 31, 2012 of $95.3 million, or $1.42 per diluted share, compared to net income of $26.4 million, or $0.40 per diluted share, reported for the fourth ...
New paraxylene capacity of 2.6 million mt/year and benzene capacity of 820,000 mt/year will be built in Saudi Arabia over the next four years by Saudi Aramco, a source close to the state company said Tuesday. These aromatics capacities ...
Tags: Saudi Aramco, Benzene, paraxylene
Western European production of ethylene, propylene and butadiene in the fourth quarter of 2012 was down from the same period of 2011, according to the Association of Petrochemical Producers in Europe this week. Ethylene production in the ...
Tags: West European, Olefin Volumes, APPE, Chemicals
LyondellBasell is dropping plans to expand a metathesis unit to boost propylene production at its Channelview, Texas, facility, and will instead focus its efforts on debottlenecking projects at its ethylene units, company CEO Jim Gallogly ...
LyondellBasell Industries announced earnings from continuing operations for the fourth quarter 2012 of $645 million, or $1.13 per share. Fourth-quarter 2012 EBITDA was $1,289 million. Full year 2012 income from continuing operations was ...
Tags: LyondellBasell Industries, fourth quarter, Olefins, Polyolefins
US steam cracker margins climbed week-on-week as ethylene prices reacted to the news of planned and unplanned outages in the US Gulf Coast region. ExxonMobil suffered an upset at its Baytown, Texas, olefins plant Tuesday. Westlake ...
Tags: US, Ethylene Margins, ethylene prices, Production Outages, Feedstocks
US olefins producer Westlake Chemical has shut its Petro-2 steam cracker in Lake Charles, Louisiana, while it carries out expansion work, the company said Thursday. The expansion of the 565,000 mt/year cracker will be carried out in ...
Tags: US, olefins, Westlake Chemical, shut, ethylene
US steam cracker margins rose week on week as feedstocks prices declined, and while the continental US is enjoying a relatively warm winter. Mild weather forecasts for the upcoming months have lead to a drop in the price of propane, which ...
Tags: US, steam cracker margins, feedstocks prices