Americas top stories - weekly summary

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

Americas top stories - weekly summary

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

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

US east coast braces for Hurricane Sandy
US federal offices have been shut down, subway and other public transportation services in the capital region have been suspended or redirected, and local governments have ordered evacuation of low-lying coastal areas as Hurricane Sandy on Monday closed on the USnortheast coast.

US refiners shut down, reduce rates ahead of hurricane
Several northeast US energy producers shut down or reduced operating rates as Hurricane Sandy drew closer to the coast on Monday.

US benzene bids, offers widen on Hurricane Sandy
Bids and offers for US benzene widened on Monday because of concerns about Hurricane Sandy, which already have caused gasoline prices to increase.

Hurricane Sandy begins to hammer New Jersey
Hurricane Sandy began to hammer the US northeast coastline on Monday with life threatening storm surges and winds of up to 90 miles/hour (145km/hour).

US DuPont closes headquarters, 7 sites due to Hurricane Sandy
DuPont said it had temporarily closed its Wilmington office in Delaware and research facilities as well as seven sites as the region dealt with the aftermath of Hurricane Sandy on Tuesday.

Hurricane Sandy causes $10bn in economic damage – estimate
Hurricane Sandy may cause about $5bn (€3.85bn) in damages and an additional $10bn in economic damages in the US northeast, according to initial estimates made by a risk assessment firm on Tuesday.

US Philadelphia refinery to restart following Sandy
Philadelphia Energy Solutions expects its refinery in Pennsylvania to resume normal operations by midday Wednesday, following the aftermath of Hurricane Sandy, the US company said on Tuesday.

US east-coast refiners resume operations after Hurricane Sandy
Monroe Energy is operating at normal capacity at its refinery in Trainer, Pennsylvania, as the US energy sector resumes operations after Hurricane Sandy, a government agency said on Wednesday.

Lower olefins, polyolefins margins drive down NOVA’s Q3 profit
NOVA Chemical’s third-quarter profit fell 29% year on year to $107m (€83m), primarily because of a reduction in margins for its Olefins/Polyolefins business unit, the Canada-based petrochemicals producer said on Thursday.

CF to spend $3.8bn on new ammonia, UAN units in Louisiana, Iowa
CF Industries plans to spend $3.8bn (€2.9bn) on new ammonia and urea/urea ammonium nitrate (UAN) units at locations in Louisiana and Iowa, the US-based fertilizer producer said on Thursday.

US Huntsman’s swings to Q3 net income of $116m
Huntsman swung to a net income of $116m (€89m) in the third quarter of 2012 from a loss of $34m in the same period last year, on the back of stronger earnings in its polyurethanes segment, the US-based chemicals major said on Friday.

US November acrylates initiatives losing traction – sources
US acrylic acid and acrylate esters prices appeared to be rising for November, sources said on Friday, but not at levels sought by producers.

US October ethylene contracts fall 2.1% on weaker spot prices
US ethylene contracts for October fell by 2.1% on Friday, tracking weaker spot prices.

By: Staff Reporter
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