Americas top stories: Weekly summary

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

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 21 June 2013.

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

Isobutanol can help ethanol makers diversify, Gevo CEO
Get Pat Gruber talking about isobutanol, and the conversation can get quite frothy. The CEO of Colorado-based biochemical producer Gevo does not hold back when it comes to what he says his company can do with carbohydrates.

US crude drops $1.45 on China, Fed, stronger dollar
US West Texas Intermediate (WTI) crude oil futures experienced follow-through selling again on concerns about waning demand from China and an eventual end to the US Federal Reserve's bond-buying programme known as qualitative easing 2 (QE2).

Third US acrylates producer seeks July hike, proposes 3 cents/lb
A third US acrylic acid and acrylate esters producer announced on Friday that it plans to increase July contract prices, citing rising manufacturing costs.

US Primus commissioning syngas-to-gasoline demo plant
US Primus Green Energy is commissioning its STG+ syngas-to-gasoline demonstration plant in Hillsborough, New Jersey, which is expected to begin operations later this fall to produce 10,000 gal/year of fuel, an executive said on Thursday.

Senate to hold hearing on West Fertilizer, Williams Olefins blasts
Representatives of US Senator Barbara Boxer (Democrat-California) on Thursday confirmed that a hearing before the Senate Environment and Public Works Committee on the deadly West Fertilizer and Williams Olefins explosions will take place on 27 June.

Ex-BP exec recharged with obstruction in Deepwater Horizon case
Former BP executive David Rainey was arraigned on Thursday on a superseding indictment that charges him with obstruction of justice in connection with the Deepwater Horizon oil spill.

PVC business in Brazil is slowing on street rallies and protests
Street protests in several Brazilian cities are driving polyvinyl chloride (PVC) buyers to postpone purchases and investments on expectations of tough times ahead, industry sources said on Thursday.

Styrene demand to grow 2.8% worldwide through 2020: exec
Global styrene demand will grow by 2.8% through 2020, with China and northeast Asialeading the way, an executive with Germany-based Styrolution said on Thursday.

Aromatics brokers Excalibur, West End Energy announce partnership
Netherlands/US-based aromatics brokerage firm Excalibur Brokering and US-based aromatics brokerage firm West End Energy announced on Thursday that they have entered into a business partnership.

Shale boom causing disruptions in by-product supply, prices
Accessibility to shale resources has led to abundant and cheap natural gas, but the flood of ethane is pushing large amounts of naphtha out of the crackers, leading to lower output of propylene, butadiene (BD) and aromatics when compared to ethylene, a consultant said on Wednesday.

DAK Americas closing PTA, PET plant in North Carolina
DAK Americas plans to close its operations near WilmingtonNorth Carolina, where it produces purified terephthalate acid (PTA), polyethylene terephthalate (PET) resins and polyester stable fibres, the company announced on Wednesday.

Low-cost US ethylene to boost exports of styrene to Asia
The US cost advantage in ethylene will more than offset its disadvantage in benzene, allowing it to export styrene to meet demand in Asia, a consultant said on Wednesday.


By: Staff Reporter
+44 20 8652 3214



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