13 February 2012 15:00 [Source: ICIS news]
HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 10 February 2012.
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Trinidad moves ahead with SABIC, talks begin on methanol project
Trinidad’s government moved closer to approving a $5.3bn (€4.0bn) methanol project proposed by Saudi Basic Industries Corp (SABIC) as more questions surfaced about the bidding process surfaced, a source said on Friday.
Debate on Trinidad methanol project focuses on too-cheap natgas
A political debate has erupted in Trinidad and Tobago over how the tiny country can make more money from methanol by giving a Middle Eastern producer a huge discount on natural gas, a US market source said on Thursday.
US Feb cumene may rise with benzene, propylene
US cumene formula-based contract prices for February are expected to jump by up to 6 cents/lb ($132/tonne or €103/tonne) due to increased feedstock costs, buyers said on Tuesday.
SABIC seeking $5.3bn methanol project in Trinidad – sources
Saudia Arabia's SABIC is pushing for approval to build a $5.3bn (€4.0bn) methanol complex in Trinidad and Tobago, sources said on Wednesday.
US charges China company with conspiracy to steal DuPont TiO2 tech
The US government has charged several executives and China-based Pangang Group with conspiracy to steal DuPont's titanium dioxide (TiO2) technology, according to documents made available on Wednesday.
Initial US February propylene contracts rise 30%
US propylene contracts for February began to settle on Wednesday at an increase of 16.50 cents/lb ($364/tonne, €273/tonne), up by 30% from January, on support from a surge in spot prices last month.
US Old World to keep consumer unit after EO/EG sale to Indorama
US-based Old World Industries will continue to produce several of its product lines through its consumer-products division, following the sale of its chemicals business to Indorama, the company said on Tuesday.
US February cumene contract rises 31% on higher feedstocks
US February cumene contract prices were settled at a 31% increase because of higher feedstock costs and stable demand, sources said on Thursday.
US ethylene margins jump 15% on falling ethane prices
US ethylene margins rose by 15% last week, lifted mostly by softer ethane prices, the ICIS margin report showed on Monday.
US ethane prices to rise in second half – analyst
US ethane prices, which have been plunging since the beginning of the year, are poised to recover in the second half, an analyst with US-based investment bank Morgan Stanley said on Monday.
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