Americas top stories - weekly summary

29 April 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 26 April 2013.

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Rising US LPG production opens door for UOP aromatics tech
Rising US production of liquefied petroleum gas (LPG) and tightening aromatics supplies are raising interest in UOP's Cyclar technology, which can convert propane and butane into chemical feedstock, said executives at the company.

Growth in Asia, climate change weigh on biofuels – US executive
Population growth in Asia, climate change and shifting geopolitics are all issues that will impact the future of the biotechnology and renewable fuels industry, an executive at a life sciences investment firm said on Monday.

Brazil expected to announce stimulus package for ethanol sector
Brazil, the world's biggest ethanol exporter, is expected to announce a stimulus package for ethanol producers in a move to boost production and investment in the sector, players in the market said on Tuesday.

Brazil unveils stimulus package for ethanol sector
Brazil, the world’s biggest ethanol exporter, unveiled on Tuesday a stimulus package for ethanol producers in a move to boost production and investment in the sector.

US April barge acetone falls 7.5 cents/lb to 58.5 cents/lb
The US April barge acetone contract weakened for a second month on continued pressure from softer feedstock, sources confirmed on Wednesday.

Methanol sources expect a big increase in US May contract
US May methanol contracts will likely incresae by double digits, sources said on Wednesday.

Firm pricing, lower costs offset reduced sales for Dow's Q1
Dow Chemical’s first-quarter net income increased 27% year on year to $660m (€508.2m) despite reduced sales and volumes, as a result of firmer pricing and lower costs, the US chemicals giant said on Thursday.

Ethylene upcycle is imminent, to hit by early 2014 – US Dow
US-based Dow Chemical expects an ethylene upcycle to start by early next year, the company's chief executive said on Thursday.

US president helps pay tribute to victims of West Fertilizer blast
Saying their final goodbyes to those who died in the 17 April fire and explosion at West Fertilizer, family and friends were joined on Thursday by state officials and US President Barack Obama at a memorial ceremony for the victims.

Damaged Illinois dam hinders some US PS production
Damage to the Marseilles Lock and Dam on the Illinois river caused by recent flooding in the midwest has resulted in some production shortfalls for some US polystyrene (PS) producers, sources said on Friday.

By: Staff Reporter
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