Americas top stories - weekly summary

02 May 2011 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 29 April 2011.

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US April ACN contracts hit record on tight supply, high propylene
US April domestic contract prices for acrylonitrile (ACN) were assessed at a record high on Friday, based on supply tightness and a record propylene settlement in April.

Swollen Mississippi, Ohio rivers halt chemical barge traffic
High river levels stalled and delayed chemical shipments in the US as spring storms pummelled a wide swath of states and made many barge waterways inoperable, sources said on Thursday.

US Dow names Freeport as site for new propylene plant
US-based Dow Chemical has chosen Freeport, Texas, as the site of its world-scale, on-purpose propylene plant, chief executive Andrew Liveris said on Thursday.

Dow Chemical's Q1 net profit rises 30.6% to $721m
Dow Chemical's net profit in the first quarter of 2011 rose 30.6% to $721m (€490m), on stronger volumes and price gains, the US producer said on Thursday.

Estimated US natural gas resources reach record level
The US holds domestic resources of natural gas of about 2,170,000bn cubic feet (bcf), a record level that is attributed largely to expanding shale gas reserves, the Potential Gas Committee (PGC) said on Wednesday.

Dow restarting Texas City plant after power restored
Dow Chemical was restarting its Texas City operations after power was restored on Tuesday, the company said.

US Dow's new C3 plant to ensure feedstock for derivatives
US-based Dow Chemical is building its on-purpose propylene plant as a strategy to ensure reliable feedstock supply for its downstream products, a consultant said on Monday.

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