Americas top stories - weekly summary

10 December 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 7 December 2012.

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

Innospec withdraws takeover bid for US butadiene maker TPC Group
Innospec has withdrawn its takeover bid for US butadiene producer TPC Group, it said on Monday.

Sasol proceeds with FEED stage for US GTL plant, ethane cracker
Sasol is moving forward with the front-end engineering and design (FEED) phase for an integrated gas-to-liquids (GTL) facility and world-scale ethane cracker at its Lake Charles site in southwest Louisiana, the South African energy and chemicals company said on Monday.

US ethylene for November drops 4% in initial settlement
US ethylene contracts for November began to settle at a reduction of 2 cents/lb ($44/tonne, €34/tonne), market sources said on Tuesday, pressured by lower feedstock and ethylene spot prices last month.

US ethylene for Nov settles 4% lower at 45.25 cents/lb
US ethylene contracts for November dropped by 2 cents/lb ($44/tonne, €34/tonne), market sources said on Tuesday, confirming that a full-market settlement had been reached.

US TPC shareholders approve sale to First Reserve, SK Capital
Shareholders of US-based butadiene (BD) producer TPC Group approved a merger agreement that would sell the company to First Reserve and SK Capital Partners, the company said on Wednesday.

US fertilizers seek emergency declaration on low Mississippi river
Low water levels in the Mississippi river are threatening the barge movement of fertilizers, prompting the call for a national emergency declaration, the Fertilizer Institute (TFI) said on Thursday.

Shell declares force majeure on ethylene after US pipeline leak
Shell has declared force majeure on ethylene after shutting down a segment of a pipeline in Louisiana because of a leak, the company said on Thursday.

Yara agrees $750m deal for Bunge's Brazilian fertilizer business
Fertilizer giant Yara International on Friday announced it will acquire Bunge's fertilizer business in Brazil for $750m (€576m) – a move the firm describes as “significantly strengthening its fertilizer position in the country”.

By: Staff Reporter
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