Americas top stories - weekly summary

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

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

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

US PP April contracts settle flat with propylene
US polypropylene (PP) contract prices settled flat for April, following a rollover in propylene contract prices, sources said on Friday.

US Dow to announce derivative plants following cracker news
US-based Dow Chemical will announce new ethylene derivative units later this year that will consume the product of the cracker the company is building at Freeport, Texas, an executive said on Thursday.

US Dow to build world-scale cracker in Freeport, Texas
Dow Chemical will build its new world-scale ethylene plant at its largest production site in Freeport, Texas, (Dow Texas Operations) the US-headquartered, broadly-based chemicals producer said on Thursday.

Argentine Senate commissions approve YPF takeover
Three commissions of the Argentine Senate approved on Wednesday a bill allowing the state to take over YPF from Repsol YPF.

Trading of YPF halted in New York, Fitch lowers ratings
NYSE Euronext halted trading on Tuesday of YPF depository receipts following the Argentine government's attempt to take control of the company.

Canada chemical sales fall 2.5% in February as volumes drop
Canadian chemical sales fell 2.5% in February from January, to Canadian dollar (C$) $4.0bn ($4.0bn), reflecting lower volumes by a large number of producers, a statistics agency said on Tuesday.

Repsol blasts Argentine YPF seizure, threatens legal action
Repsol YPF, majority owner in YPF, said on Monday it plans full legal action against Argentina after the seizure of the company’s oil and gas production in Argentina.

Liveris to visit Freeport, Texas, site as Dow mulls C2 expansion
Dow Chemical chief executive Andrew Liveris will give an update on the company's operations in Freeport, Texas, on Thursday, the company said.

Argentina begins YPF takeover
Argentina plans to send a bill to Congress to take 51% control of energy major YPF, a government official said on Monday.

By: Staff Reporter
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