Americas top stories - weekly summary

23 September 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 20 September 2013.

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

Buy-sell price ideas gap could slow down US PVC exports
Despite the much-discussed tight supply in the region, US Gulf suppliers are offering polyvinyl chloride (PVC) to Latin America, the Middle East, the Gulf Cooperation Council (GCC), Africa and Asia, but a wide gap in buy-sell price ideas is limiting transactions, traders said.

US toluene dips below $4.00/gal on fundamentals
US nitration-grade (n-grade) toluene spot prices have dropped below the $4.00/gal (€0.78/litre) mark last week on the back of weaker energy prices, a spate of imports arriving in the US and lower blend values, according to trade sources.

US Novomer developing process for AA from CO2, ethylene
US renewable chemicals firm Novomer is developing a process that produces acrylic acid (AA), which is typically propylene-based, from ethylene, enabling it to take advantage of the North American shale gas boom.

INEOS restarts 545,000 tonne/year Green Lake CAN plant: sources
INEOS has restarted its 545,000 tonne/year acrylonitrile (ACN) plant in Green Lake, Texas, sources said.

US Cereplast developing plastics from algae biomass feedstocks
Cereplast is advancing in the research and development (R&D) stage of producing bioplastic resins from algae biomass feedstock that does not impact the food chain and is generated from post-industrial processes, a company executive said.

Americas Styrenics declares FM on PS from California plant
Americas Styrenics, one of the main producers of polystyrene (PS) in North America, has declared force majeure on production from its plant in Torrance, California, after a power transmission failure on Sunday forced a plant shutdown, market sources said.

Pigment IPO to give US Huntsman fairer valuation: CEO
US-based Huntsman's planned public offering of its expanded pigments business will allow the company to receive a more accurate valuation of its remaining assets, which are predominantly made up of less cyclical polyurethanes (PUs) and performance products, the company's CEO said.

Chemical M&A rebound to be sustained: banker
The recent partial recovery of the global chemical mergers and acquisitions (M&A) market is expected to be sustained through the rest of 2013 and into early 2014, one investment banker said

Formosa declares FM on HDPE from Point Comfort in Texas
Formosa Plastics declared force majeure on its high density polyethylene (HDPE) products, effective immediately, saying it is due to “unexpected operational difficulties” at its Point Comfort, Texas, plant, following what the company described as an incident that sent five people to the hospital.


By: Staff Reporter
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