LyondellBasell Industries announced earnings for the first quarter 2013 of $906 million, or $1.56 diluted earnings per share. First quarter 2013 EBITDA was $1,585 million, a 25 percent increase from the fourth quarter 2012 and a 29 percent ...
Tags: Textile
There will be a change in management at three of the 14 business units of specialty chemicals company LANXESS. Dr. Ron Commander (62), Head of the Butyl Rubber business unit (BTR), will enter retirement at the end of this year and until ...
LyondellBasell has settled its April Northwest European styrene monomer contract price at Eur1,413/metric ton ($1,837/mt) FCA Rotterdam, one of the company's customers confirmed Friday. LyondellBasell wasn't immediately available Friday ...
Tags: LyondellBasell, Chemicals
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
An initial NWE contract for April-delivered butadiene was fully settled Tuesday at Eur1,415/mt FD NWE ($1,821/mt FD), following confirmation from four producers and two consumers involved in the negotiations. A spokesman for SABIC Europe ...
Tags: NWE, LyondellBasell, Chemicals
The April US butadiene contract price settled at a rollover at an 84-86 cents/lb ($1,852-1,896/mt) split settlement, sources said Sunday on the sidelines of the American Fuel and Petrochemical Manufacturers' annual conference. ExxonMobil ...
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
Reignited concerns over the domestic benzene demand as well as a stubbornly closed arbitrage to the US saw European benzene prices plunge below $1,300/mt for the first time since mid-October, Platts data show. Benzene barges were assessed ...
Tags: benzene, benzene demand, benzene barges
The Northwest European March benzene contract price has been fully settled at Eur1,054/mt, or $1,380/mt, CIF ARA, industry sources confirmed Friday. The settlement represents an increase of Eur14/mt and a decrease of $28/mt compared ...
Spot prices for barge lots of butane loading in the Amsterdam-Rotterdam-Antwerp area have gained support from petrochemical demand, according to industry sources. Surplus butane from ARA refineries can be absorbed into the MTBE, gasoline ...
Tags: ARA Butane, Petrochemical Demand, Chemicals
European ethylene and propylene supply has tightened amid a spate of production issues, though the impact of this on spot prices is being moderated by poor derivatives demand, according to industry sources. Availability to the market had ...
Tags: NWE Ethylene, Propylene, LyondellBasell
ExxonMobil nominated its March US butadiene contract price at 86 cents, up 3 cents/lb ($66/mt), sources said Thursday. ExxonMobil spokeswoman Margaret Ross declined to comment. Market expectations have been for March US ...
Tags: ExxonMobil, butadiene contract price, butadiene supply
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