Americas top stories - weekly summary

17 December 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 15 December 2012.

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

US propylene contracts for December rise by 1 cent/lb
US propylene contracts rose by 1 cent/lb ($22/tonne, €17/tonne), market sources said on Friday, confirming initial settlements reached earlier this week.

AkzoNobel to sell NA decorative paints business to PPG for $1.05bn
AkzoNobel has agreed to sell its North American decorative paints operations to US company PPG Industries for a total of $1.05bn (€798m), the Netherlands-based coatings and specialty chemicals group said on Friday.

US Phillips 66 plans to form master limited partnership
Phillips 66 plans to form a tax-advantaged master limited partnership (MLP), the US-based refining and chemicals firm said on Thursday.

US propylene contracts for December settling up 1 cent/lb
US propylene contracts were settling at an increase of 1 cent/lb ($22/tonne, €17/tonne), market sources said on Wednesday, on the heels of higher spot prices in recent weeks.

US ethane hits new lows on high production, waning demand
US ethane prices have hit all-time lows in recent days, as production continues to grow while demand levels out.

Brazil Petroquimica Triunfo focuses on ethylene vinyl acetate
Brazil’s Petroquimica Triunfo plans to focus its business strategy on ethylenevinyl acetate (EVA) exports production for the remainder of this year, a company source said on Thursday.   

New methanol-to-petchem project in Trinidad led by Mitsubishi
An $850m (€663m) methanol-to-petchem project in Trinidad and Tobago would be built in a new industrial area there and led by a group including Mitsubishi Gas Chemicals, according to a statement from the government on Monday.

By: Staff Reporter
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