Americas top stories - weekly summary

14 November 2011 09:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 11 November 2011.

(Please click on the link to read the full text.)

US TPC Group expects butadiene prices to rebound in 2012
US butadiene prices should rebound in 2012 after falling sharply since the last of the third quarter, TPC Group CEO Mike McDonnell said on Friday.

Brazil’s Braskem swings to Q3 $588m loss on currency instability
Brazil's Braskem swung to a third-quarter loss of reais (R) 1.05bn ($588m, €435m) because of currency fluctuations, the company said on Thursday.

NOVA Chemicals triples Q3 profit on strong olefins performance
NOVA Chemicals nearly tripled its 2011 third-quarter profit, to $150m (€108m) from $58m in the same period a year ago, driven by a strong performance by its core olefins business, the Canada-based petrochemicals major said on Wednesday.

APLA '11: Brazil Petroquimica Suape to start new PTA plant
Brazil-based Petroquimica Suape will begin producing purified terephthalic acid (PTA) in the first half of 2012, with sales starting as early as January, the company’s commercial manager said on Tuesday.

APLA ’11: Mexichem in talks to partner on US cracker
Mexico-based polyvinyl chloride (PVC) producer Mexichem is in discussions to take an ownership stake in a new US ethylene cracker, a senior executive said on Monday.

APLA '11: Mexico’s Pemex studies cracker expansions
Mexico’s Pemex Petroquimica is considering expanding its crackers in Morelos and Cangrejera, an official for the Mexican state-owned producer said on Monday.

APLA '11: Outlook stays positive for Latin America – president
The gross domestic product (GDP) in Latin America doubled in the last five years and the region now accounts for 8% of the world's economy, said Pedro Wongtschowski, the president of the Latin American Petrochemical Association (APLA).

By: Staff Reporter
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