Americas top stories - weekly summary

07 October 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 4 October 2013.

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

Westlake Chemical is the ICIS Company of the Year
US-based Westlake Chemical is the ICIS Company of the Year, as announced by ICIS Chemical Business magazine.

US Chevron Phillips Chemical restarts Texas cracker
US Chevron Phillips Chemical restarted its No. 33 Sweeny cracker in Texas on Saturday, according to a government filing made available on Monday.

Shale gas helped move LyondellBasell R&D centre to Texas
LyondellBasell might not have relocated its research and development (R&D) centre to Texas had it not been for the advent of shale gas, the CEO of LyondellBasell said on Monday.

Oct US BD settles at 46 cents/lb, up 3.3 cents, on Asian pricing
The October US butadiene (BD) contract among the three major producers settled at 46 cents/lb ($1,014/tonne, €750/tonne), a rise of 3.3 cents/lb from 42.7 cents/lb in September, sources said on Tuesday.

US October propylene contracts expected to fall slightly
US October propylene contracts are expected to fall slightly on weakening demand and lower spot prices, sources said on Wednesday.

US government shutdown could delay cracker air permits
The US government shutdown could delay petrochemical companies securing air permits from the Environmental Protection Agency (EPA) to proceed with the construction of new crackers.

Brazil Braskem mulls ethane at Comperj, talks prices with Petrobras
Braskem plans to use ethane as a feedstock for its units at Comperj, and it is negotiating pricing with Petrobras, the Brazil-based chemical major said.

CP Chem gets final approval for US Gulf project, awards contracts
Chevron Phillips Chemical’s (CP Chem) board has granted final approval for the company’s planned petrochemicals project on the US Gulf Coast, and the company awarded engineering contracts for the project’s ethane cracker and polyethylene (PE) plants, it said on Thursday.

Should petchems be worried about US auto sales after Oct?
The US auto industry has been the primary demand driver for a number of petrochemicals, from acrylonitrile-butadiene-styrene (ABS) to nylon to polycarbonate (PC).

By: Staff Reporter
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