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 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
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
ExxonMobil has commenced startup operations at one of the world’s largest ethylene steam crackers, the centerpiece of the company’s multi-billion dollar expansion project at its Singapore petrochemical complex. The expansion, ...
Tags: ExxonMobil, startup operations, ethylene steam crackers
An official figure in the Iranian National Petrochemical Company said that world's largest ethylene producer has been launched in Asalouyeh.Official added that the West Ethylene Pipeline will begin operation. Mr Reza Amiri directing ...
Tags: Iranian National Petrochemical Company, Asalouyeh, ethylene, pipeline
Westlake Chemical Corporation announced it is converting the feedstock for its Calvert City, Kentucky ethylene plant from propane to ethane along with increasing ethylene capacity from 450 million pounds per year to 630 million pounds per ...
Tags: Westlake Chemical Corporation, feedstock, Calvert City, ethylene capacity
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
The production of ethylene and propylene has been fully resumed at Stavrolen petrochemical complex (a LUKOIL subsidiary) in Budennovsk. Both these substances were then forwarded to units producing polyethylene and polypropylene. Thus, ...
Tags: ethylene production, propylene production, ethylene, propylene
Technip was awarded by The Dow Chemical Company the front-end engineering and design (FEED) contract and cracking furnaces engineering and procurement services for a previously announced new large world-scale ethylene production plant to be ...
Tags: ethylene plant, cracking furnaces engineering, ethylene production
The US Gulf Coast non-LST purity ethane assessment has fallen to its lowest level since August 2002, according to Platts data, a move attributed to increasing supplies form shale gas plays across the US. Ethane has fallen 68% on the ...
Tags: ethane, purity ethane, shale gas
The first barrel of ethane from the Bakken field will go to Nova Chemicals' Joffre, Alberta facility to be value added and converted into polyethylene next year, which explains why CEO Randy Woelfel described himself at an industry event in ...
Tags: Shale gas, Petchems, petrochemicals
Japan’s imports of naphtha, a key raw material for production of ethylene used in the textile industry, grew by 5.3 percent month-on-month in October to 1.183 million tons, according to the figures released by the Ministry of Economy, ...
Tags: naphtha imports, naphtha, textile industry, textile
China National Petroleum Corporation (CNPC) announced the successful start-up of the 800Kt/a ethylene unit at Fushun Petrochemical, all the eight production units of the 1Mt/a ethylene capacity expansion project operated together and turned ...
Tags: ethylene unit, ethylene market, ethylene industry, CNPC
Korea Petrochemical Industry Company (KPIC) is operating its Onsan naphtha cracker at full capacity rates, a company official said. Refuting media reports which mentioned that KPIC had reduced the operating rates to 75 percent, the ...
Tags: Korea, KPIC, Naphtha Cracker, Capacity Rates
Even in the midst of rising demand from China's ethylene sector, naphtha's contribution to the sector's overall feedstock mix is expected to fall over the next three years, Shu Zhaoxia, Chief Analyst for Chemicals at state-owned refiner ...