Americas top stories - weekly summary

10 June 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 7 June 2013.

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

US CP Chem to add furnace to Sweeny ethylene unit in Texas
US-based Chevron Phillips Chemical (CP Chem) announced on Monday that it is adding a 10th furnace to ethylene unit 33 at its Sweeny complex in Old Ocean, Texas.

US PetroLogistics to declare force majeure on propylene
US-based PetroLogistics said it will declare force majeure on propylene while it shuts down its propane dehydrogenation (PDH) unit on 8 June, according to a filing with the US Securities and Exchange Commission (SEC) on Monday.

US April, May ethylene contracts could settle at drop or rollover
US April-May ethylene contracts are expected to settle at a decline or a rollover, sources said on Tuesday.

US chem shipments fall year on year for second month in a row
The value of US-made chemical shipments dropped by 1.4% in April year on year, the second straight month that shipments have declined, according to data released on Wednesday by the US Department of Commerce.

Deutsche Bank predicts short-term decline for US ethylene margins
US ethylene margins should be strong in the long term, but 2013 margins may have reached their peak, German-based Deutsche Bank said on Friday.

‘New NOVA’ takes step toward diversifying feedstocks: CEO
NOVA Chemicals’ groundbreaking ceremony on Friday of a 1bn lb/year (454,000 tonne/year) linear low density polyethylene (LLDPE) expansion project in Joffre, Alberta, Canada, was symbolic in many ways, according to CEO Randy Woelfel.

By: Staff Reporter
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