Americas top stories - weekly summary

01 July 2013 15:00  [Source: ICIS news]

 HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 28 June 2013.

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US Williams developing repair plans in aftermath of Geismar blast
Williams is developing repair plans following the 13 June explosion and fire at its Geismar olefins plant in Louisiana, the US producer said on Monday.

City sues CF Industries over West Fertilizer blast in Texas
The city of West is suing CF Industries, accusing the US fertilizer producer of supplying the ammonium nitrate to a Texas storage facility that exploded, killing 15 people.

New Obama climate initiative comes under quick fire
President Barack Obama on Tuesday announced broad new policies designed to reduce US emissions of greenhouse gases (GHG), but his plans came under immediate fire from the energy sector, environmentalists and members of Congress.

US July IPA prices could rise amid propylene increase
July US isopropanol (IPA) prices could rise after US chemical-grade propylene (CGP) contracts settled higher on Wednesday.

US INEOS to build 350,000 tonne/year LAO plant in Gulf Coast area
INEOS plans to build a 350,000 tonne/year linear alpha olefin (LAO) plant in the US Gulf Coast area, the US petrochemicals producer said on Thursday.

CSB chief cites inadequate safety at Texas fertilizer blast
The devastating chemical-facility explosion at a fertilizer facility in Texas, was, in part, due to inadequate precautions but also to a patchwork of national hazardous materials safety standards, a lead investigator said on Thursday.

US PE producers backing off of 4 cent/lb June price hike
Many producers in the US polyethylene (PE) market have agreed to push a proposed 4 cent/lb ($88/tonne, €68/tonne) price increase from June to July for all but high density polyethylene (HDPE) grades, sources said on Thursday.

US July benzene down 35 cents/gal on lower spot, ample supply
The US July benzene contract settled at $4.07/gal ($1,218/tonne, €938/tonne) for a decline of 35 cents/gal on Friday, following the recent decline in barge spot prices, trade sources said.

July PVC markets in Latin America trending firmer on direction from Asia
Initial indications for July polyvinyl chloride (PVC) in Latin America point to rising prices, driven by firming markets in Asia, according to input from regional sources on Friday.

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