Americas top stories - weekly summary

25 February 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 25 February 2013.

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

US Westlake Q4 net income surges to $84.1m on higher margins
Westlake’s fourth-quarter net income in 2010 surged to $84.1m (€62.2m), compared with $12.5m in the same period a year before, as its business segments saw higher margins and strong demand, the US polyethylene (PE) and vinyls producer said on Tuesday.

Bayer MaterialScience declares FM on North American TDI supply
Bayer MaterialScience has declared force majeure on the supply of standard and specialty toluene diisocyanate (TDI) products in North America effective 15 February following technical issues, the Germany-based producer confirmed on Tuesday.

BP to fight oil spill estimates, defend cleanup efforts in court
Clean Water Act penalties against BP could be reduced by a US District Court should the court reconsider the oil spill figures used in assessing fines related to the Deepwater Horizon disaster, the UK energy giant said on Tuesday as it prepares for next week’s civil trial.

US Dow to pay $400m in isocyanates price fixing case
Dow Chemical was ordered pay more than $400m (€300m) in damages after a federal jury on Wednesday determined that the US producer had fixed prices for isocyanates.

API appeals to Supreme Court on E15 approval
The American Petroleum Institute (API) on Thursday said it is filing a petition with the US Supreme Court to appeal its lawsuit seeking a ban on E15.

US C3 Petrochemicals plans to build PDH plant in Texas
C3 Petrochemicals plans to build a propane dehydrogenation (PDH) plant near Alvin, Texas, to produce polymer-grade propylene (PGP) and chemical-grade propylene (CGP), according to an air quality permit application that the company filed this month with the US Environmental Protection Agency (EPA).

3D printing a growing industry with new applications, innovations
Imagine a car with a frame that was built by depositing thin layers of composite material until they are fused into a solid, or a robot with parts that were made by a special machine that “prints” three-dimensional shapes. How about prosthetics or implants created with such precision that they can be customised for each individual?

3 US BD producers propose higher prices for March
Two butadiene (BD) producers stepped out with nominations on Friday of 8 cents/lb and 10 cents/lb, respectively, outpacing a rival supplier who had earlier nominated a price increase of 3 cents/lb.

By: Staff Reporter
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