Americas top stories - weekly summary

12 December 2011 09:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 9 December 2011.

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

Venezuela’s polymer production remains under par - buyers
Production of polymers in Venezuela has not achieved consistency after a number of turnarounds this year, leaving shortages of some grades, buyers said on Friday.

DuPont cuts 2011 earnings expectation as growth slows
DuPont has lowered its full-year 2011 earnings per share outlook to $3.87-$3.95 amid slower growth and uncertainties in global markets, the US-based chemicals major said on Friday.

LyondellBasell to spend $150m on Channelview project
Netherlands-based LyondellBasell’s expansion projects at its Channelview complex in Texas will cost about $150m (€113m), the company said on Thursday.

LyondellBasell to restart Texas methanol plant in late 2013
LyondellBasell plans to restart a methanol unit in Texas near Houston in late 2013, the company’s top executive said on Thursday.

LyondellBasell outlines Channelview cracker expansion project
A LyondellBasell project at its La Porte facility in Texas would expand ethylene capacity by 850m lb/year (386,000 tonnes/year), the producer said on Thursday.

US Vantage Specialty Chemicals sale nears completion - sources
US-based oleochemicals producer Vantage Specialty Chemicals is close to being sold, with a private equity firm the likely buyer, several sources in the financial community said on Wednesday.

Norway sells Canada PotashCorp stock over Western Sahara phosphate
Canada-based fertilizer producer PotashCorp said on Wednesday it is comfortable buying phosphate sourced from the disputed Western Sahara territory after Norway's finance ministry announced it would exclude the company from investments as a result of ethicals concerns.

Stalling Brazilian economy dampens demand for chemicals
Brazil's third-quarter gross domestic product (GDP) failed to grow at all from the second quarter, according to statistics released on Tuesday, the latest sign of economic weakness that is slowing demand for several petrochemicals and plastics.

BASF, Total JV celebrates 10-year anniversary of Texas cracker
A BASF and Total joint venture celebrated on Tuesday the 10-year anniversary of its naphtha cracker in Port Arthur, Texas.

US refinery closure may leave Braskem PP plant in feedstock lurch
US polypropylene (PP) producer Braskem America is looking at various options now that the feedstock supply for its Marcus Hook, Pennsylvania, plant has been jeopardised, the company said on Monday.

US Navy to buy biofuels for demonstration exercise
The US Department of Defense (DOD) will purchase 450,000 gallons of advanced biofuels to be used by US Navy aircraft and ships in an international naval exercise and green-fuels demonstration next year, federal officials said on Monday.

By: Staff Reporter
+44 20 8652 3214

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