Americas top stories - weekly summary

23 January 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 20 January 2012.

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

ExxonMobil LDPE plant in Texas has production problems – buyers
US-based ExxonMobil is having production problems at its 235,000 tonne/year low-density polyethylene (LDPE) plant in Beaumont, Texas, sources said on Friday.

Fire shuts distillation unit at PDVSA Amuay refinery in Venezuela
Petroleos de Venezuela (PDVSA) shut down a distillation unit at its Amuay refinery because of a fire, a source at the oil workers union said on Friday.

US January PS prices rise with feedstock costs
US polystyrene (PS) January contract prices rose by an average of 7 cents/lb ($154/tonne, €120/tonne) based on higher feedstock benzene and butadiene (BD) costs, sources said on Thursday.

Methanex may move second plant from Chile to US - stock analyst
Methanol producer Methanex may move a second plant from Chile to the US Gulf, a New York stock analyst said on Wednesday.

US RGP spot prices jump 32% on higher alkylation values
US refinery-grade propylene (RGP) traded sharply higher on Wednesday, lifted by recent gains in alkylation values, market sources said.

Plastics theft becoming a growing concern in the US
Stolen plastic has become the focus of a multi-million dollar criminal enterprise, sources said on Tuesday.

US Westlake's $1bn bid for Georgia Gulf is too low – analysts
US-based Westlake Chemical's $1bn (€792m) bid for Georgia Gulf is too low, analysts said on Tuesday.

US Georgia Gulf rejects unsolicited takeover bid by Westlake
Georgia Gulf’s board of directors has rejected an unsolicited takeover bid by fellow US-based Westlake Chemical, as it is “financially inadequate” and not in the best interest of its shareholders, the producer said late on Monday.

By: Staff Reporter
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