Americas top stories - weekly summary

19 March 2012 14:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 16 March 2012.

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

Brazil ethanol demand could double in 10 years – agency
Brazil’s ethanol demand could double to 40bn litres/year over the next 10 years, as long as sufficient investments are made in the sector, an official with a government agency said on Friday.

Shell picks Pennsylvania for possible US cracker, PE, MEG units
Shell chose a site near Monaca, Pennsylvania, for a possible cracker, the company said on Thursday.

US wholesale prices for organic chemicals jump 6.4% in February
US wholesale prices for basic organic chemicals shot up by 6.4% in February from January, the Labor Department said on Thursday, contributing to a 0.4% rise in prices for overall finished goods at the producer level.

US polycarbonate producers largely successful with price hikes
US polycarbonate (PC) producers were largely successful in their drives for higher prices in February and early March, sources said on Wednesday.

Canada chemical plant utilisation rose to 78.8% in '11 Q4
Canada-based chemical producers operated their plants at 78.8% of capacity in the 2011 fourth-quarter, up by 1.6 percentage points from 77.2% in the third quarter, a government statistics agency said on Wednesday.

US spot epoxy prices increase 3.3% on overseas demand
Assessed US spot epoxy resins prices increased 3.3% on Tuesday on stronger overseas demand and higher US domestic costs.

Canada NOVA Q4 profit rises 22% on higher olefins margins
NOVA Chemicals’ 2011 fourth-quarter profit rose by 22% year on year to $77m (€59m), primarily driven by higher olefins margins, the Canada-based petrochemicals producer said on Tuesday.

US group files suit against federal cellulosic ethanol mandate
A US energy industry group on Monday said it has filed suit to challenge the federal government’s mandate for US cellulosic ethanol consumption, charging that it is unrealistic and constitutes an illegitimate tax.

By: Staff Reporter
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