Asian butadiene prices hit a more than six month high Monday on tight availability amid the startup of new synthetic rubber plants in China and higher naphtha feedstock costs. Butadiene prices surged 44% from a 2012 low of $1,455/mt FOB ...
Tags: butadiene prices, synthetic rubber, Asian naphtha prices
Japan based Showa Denko has reduced operating rates at its Naphtha Cracker plant. An official of Showa Denko informed fibre2fashion, “The plant is currently operating at 90% production capacity rate”. He further said, ...
Tags: Japan, Showa Denko, Naphtha Cracker plant
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
The LDV V80 has been introduced to Australia as China’s biggest automotive company looks to take on the might of the Toyota HiAce and Hyundai iLoad in the commercial van market. A division of the Shanghai Automotive Industrial ...
Tags: LDV, V80, automotive company
Ineos Europe said Wednesday it has entered into 15-year shipping agreements with Danish shipping company Evergas for the transportation of ethane into Europe from the US Mariner East project. The Mariner East pipeline, processing and ...
Tags: Ineos Europe, shipping agreements, Evergas, US Mariner East project
US-based foodservice equipment company Middleby has acquired Spooner Vicars Bakery Systems, a manufacturer of baking systems for the cookie and cracker industry. Spooner Vicars Bakery Systems, established in 1849, offers equipment and ...
Tags: oodservice equipment, Middleby, Spooner Vicars Bakery Systems
It would seem Subaru has matured nicely as the marque celebrates its 40th anniversary in Australia – the launch of the new Subaru Forester XT is distinguished by the fact that, for the first time, the Forester turbo doesn’t get ...
Tags: 2013, Subaru, Forester XT
Small cars are getting bigger with each new generation and the latest Volkswagen Jetta is example eins. The Jetta is now in its sixth generation, but only the last four have come here – the third-gen badged Vento, fourth-gen ...
Tags: 2013, Volkswagen Jetta, 118TSI
The Northwest European styrene monomer/benzene spread has almost tripled in a month, widening $177.50/mt to $276.50/mt Wednesday, Platts data showed. The spread was $99/mt on December 17. While styrene spot values have declined ...
Tags: Northwest Europe, styrene monomer, benzene
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
Aramco Far East (Beijing) Business Services, or Aramco Asia, has started offering polyolefins produced by Fujian Refining and Petrochemical in China effective January 1, its parent Saudi Aramco said late Monday. Aramco Asia will ...
Tags: Aramco Far East, polyolefins, Fujian Refining and Petrochemical
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
Fueled by cheap natural gas liquids from the Eagle Ford Shale -- primarily ethane -- Texas' petrochemical industry will export 33% more ethylene and more finished plastics overseas by 2017, a report by the Federal Reserve Bank of Dallas ...
Tags: natural gas liquids, Texas, petrochemical industry, natural gas stream
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