Europe’s top stories: weekly summary

30 September 2013 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 27 September 2013.

SIBUR will capture Russia’s growing polymers demand: CEO
SIBUR can capture Russia’s growing demand for polymers with its landmark propane dehydrogenation (PDH) and polypropylene (PP) production complex in Tobolsk, Western Siberia, according to the Russia-based producer’s CEO Dmitry Konov.

DSM seeks 50% of sales from high-growth markets by 2015
Dutch specialty chemicals producer DSM said on Thursday that it is seeking to expand the proportion of its sales derived from emerging markets from 32% to towards 50% by 2015, while seeking to double China sales from $1.5bn (€1.1bn) to over $3bn.

Biofuels producer Verbio's turnover falls by 8.7% to €705.2m
German biofuels producer Verbio said on Wednesday its 2012-13 financial year results have been affected by “one-off effects and market uncertainties”.

Europe C2-naphtha link disparity needs to be addressed: Solvay
Europe’s ethylene contract price (CP) has been gradually moving out of sync with the value of its main feedstock naphtha, and an adjustment needs to be made for the sake of the contract pricing mechanism, according to the major ethylene consumer Solvay.

Europe PE buyers hold off on “peak pricing”
Polyethylene (PE) buyers in Europe have become very cautious following a strong start to the month, as many are confident that prices are at the top of the current cycle, several said on Monday.

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By: Staff Reporter
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