Americas top stories - weekly summary

05 March 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 2 March 2012.

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

Thailand's IVL mulls building US shale gas-based cracker
Thailand-listed polyester maker Indorama Ventures Ltd (IVL) is aiming to build a world-scale cracker in the US that will use shale gas as feedstock, a company spokesperson said on Friday.

US February phenol contracts rise by 8.4% on feedstocks
US February phenol contract prices moved higher by 8.4% on higher benzene prices, sources said on Thursday.

Trinidad natural gas curtailments likely to continue in 2012
Curtailed deliveries of natural gas to chemical producers in Trinidad will likely continue, with reductions of 10-20% in 2012, an official with the National Gas Company (NGC) of Trinidad and Tobago said on Wednesday.

Report says refinery closures may drive up US gasoline prices
A US labour union said on Tuesday a new government report bolsters the group’s contention that the closure of a sixth refinery serving the northeast would increase regional retail and wholesale distillate and gasoline prices.

US durable goods orders fall 4% in Jan, ending a 3-month advance
US orders for manufactured durable goods fell by 4% in January from December, the Commerce Department said on Tuesday, marking a reversal to what had been three consecutive months of gains.

Formosa to build 800,000 tonne/year olefins cracker in Texas
Formosa Plastics plans to build an 800,000 tonne/year olefins cracker, a propane dehydrogenation (PDH) unit and a low density polyethylene (LDPE) unit at its Point Comfort, Texas, facility as part of $1.7bn (€1.3bn) in capital investments, the company said on Monday.

By: Staff Reporter
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