US PetroLogistics falls 3% in debut on New York Stock Exchange

04 May 2012 23:54  [Source: ICIS news]

HOUSTON (ICIS)--US-based propylene producer PetroLogistics fell by 3% during its Friday debut on the New York Stock Exchange.

The company had priced its common units at $17. They closed the day at $16.50, after falling as low as $14.50, according to the New York Stock Exchange.

PetroLogistics owns a propane dehydrogenation (PDH) unit in Houston, which has a propylene capacity of 544,000 tonnes/year.

By: Al Greenwood
+1 713 525 2645

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly