Americas top stories - weekly summary

12 August 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 9 August 2013.

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

Foster Wheeler wins contract for Enterprise Products Texas PDH unit
Switzerland-based petrochemical engineering firm Foster Wheeler said on Monday that it has won an engineering, procurement and construction (EPC) contract from US oil and gas companyEnterprise Products Partners to build a propane dehydrogenation plant.

Record US vehicle age good news for petrochemicals, sources
The average age of American cars is at an all-time high and that is good news for petrochemicals such as acrylonitrile and polycarbonate, sources said Tuesday.

Third non-FTA permit for LNG exports granted to Lake Charles Exports
Lake Charles Exports has been granted the third conditional permit to export liquefied natural gas (LNG) to non-Free Trade Agreement (FTA) countries, the US Energy Department (DOE) announced on Wednesday.

US Aug propylene contracts expected to increase on tight supply
US August propylene contracts are expected to move higher in-line with nominations, sources said on Wednesday.

Rail carrier MM&A files for protection after Canada rail catastrophe
The rail carrier involved in July’s rail catastrophe in Quebec has filed for creditor and bankruptcy protection in both Canada and the US as its assets and insurance will not cover claims from the accident, it said on Thursday.

Ashland, Dow, DuPont seek better portfolio through sales
Within days of one another, Dow Chemical, DuPont and Ashland all announced that they were considering divestments of business units, potentially putting a huge bloc of assets on the market.

US propane spot prices rally on burgeoning exports
US propane spot prices have rebounded in recent weeks, as burgeoning export markets have provided an outlet for excess supplies.

US 2013 Renewable Fuel Standard both win-win, lose-lose
The final 2013 Renewable Fuel Standard (RFS) did not solve all concerns raised by both the oil and refining industry and the ethanol and renewable chemical producers, but it could be a partial fix – at least temporarily.

By: Staff Reporter
+44 20 8652 3214

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