Petrochemicals
ExxonMobil shaves its PP resin prices in US
Demand has been solid, but market prices are being impacted by a surge in availability of imported PP.
GlobalData: Methanol capacity set to reach 184.4 MMtpy by 2020
China, Iran and Mozambique to lead expansion, outstripping planned European production.
US chemical production growth stalls: ACC
In April, the US Gulf Coast was the only region to post a small gain. Output declined slightly in the Northeast, and all other regions were flat, according to the latest ACC data.
Global oversupply of polyethylene, polypropylene challenges margins
The excess capacity will help North American converters be more competitive due to the increased competition associated with PE capacity expansions. However, on the producer side, economics will be challenged as global capacity expansions exceed demand growth.
Arson blamed for 2013 Texas fertilizer plant blast
A call for tighter and more thorough regulations was issued following the deadly blast and ensuing fires.
Saudi Aramco finalizes IPO options, plans more global expansions
Saudi Aramco's continued investment in downstream industry is seen as a crucial element of economic diversification plans.
Aramco eyes oil-to-chemicals project with SABIC
SABIC has previously said the proposed project could cost as much as $30 billion, processing petrochemicals directly from crude oil instead of first refining the oil into products such as naphtha.
Mitsubishi Plastics selects Jacobs as engineer on US plant expansion
Under the terms of the agreement, Jacobs is providing engineering services for the $100 million investment, which includes installation of a polyester film production line.
Total plans to sell specialty chemicals unit Atotech
Pouyanne did not give details about the planned sale of Atotech or if it was talking to potential buyers, but said Total was looking for a buyer that was committed to sustaining Atotech's current strategy.
Cepsa expects Indonesian chemical JV to start up by end of this year
"We are targeting to produce 75% of capacity initially after commissioning by end of the year but it also depends on the markets," said Jose Manuel Martinez, CEO of Cepsa Quimica.
- Brazil to phase out subsidy for diesel more slowly than for gasoline, minister says 7/3
- Chinese independent refiners snap up discounted Mideast oil as supplies rise 7/3
- India refiner Nayara's gasoline sold to Russia via traders 7/3
- India seeks to quell public backlash on ethanol-mixed fuel after 'experiment' remark 7/3
- Venezuela's largest refinery in service after power outage following earthquake 7/3
- U.S.-Iran war still trails the 1979 oil shock by total losses 7/3
