Europe top stories - weekly summary

17 January 2011 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS for the week ended 17 January 2011.

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PetroChina agrees framework refinery JV deal with INEOS
LONDON (ICIS)--PetroChina has entered into a framework agreement with INEOS to form joint ventures for trading and refining activities at Grangemouth in Scotland and Lavera, France.

Perstorp restarts TDI, chlor-alkali units; force majeure remains
LONDON (ICIS)--Perstorp has restarted its toluene di-isocyanate (TDI) and chlor-alkali units at Pont-de-Claix, France, and is running them at full rates, but the declarations of force majeure for both products remain in place.

Europe naphtha goes to Asia as petchem producers favour LPG
LONDON (ICIS)--European naphtha continues to be sent to Asia because demand from the region's petrochemical sector remains low because economics currently favour the use of liquefied petroleum gas (LPG) as a feedstock.

Europe January polypropylene prices approach record highs
LONDON (ICIS)--European polypropylene (PP) prices are moving close to record highs in January as producers force upstream increases on their customers.

Rhine chems face week of disruption due to water levels, accident
LONDON (ICIS)--Shipping chemicals along the river Rhine in Germany could be severely disputed over the next week as high water levels have forced the closure of traffic between Cologne and Mainz. Rescue efforts are continuing after a ship carrying 2,378 tonnes of sulphuric acid capsized.

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By: Staff Reporter
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