Americas top stories: weekly summary
ICIS Editorial
26-Feb-2024
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 23 February.
LyondellBasell to
lease California plant to produce recycled
resins from waste
LyondellBasell has acquired a recycling plant
in California from PreZero in which it plans to
produce post-consumer recycled resins from
plastic waste, the US chemicals major said on
Tuesday.
Brazil’s Unigel
gets green light from creditors for debt
restructuring
Unigel has agreed a Brazilian reais (R) 3.9
billion ($791 million) debt restructuring with
its creditors, which has saved the beleaguered
styrenics, acrylics and fertilizer producer
from filing for bankruptcy for the time being.
Mexico’s Orbia to
pause PVC investments after weak Q4
results
Orbia will be pausing polyvinyl chloride (PVC)
capacity expansion due to weak market economics
which weighed on its 2023 earnings, the
Mexico-based producer said.
US Huntsman
expects gradual recovery, seeks to boost prices
and volume
Huntsman expects a gradual recovery to take
hold in 2024, in which the company will attempt
to pursue higher prices and recover share, the
CEO said on Thursday.
Pembina to supply
Dow Canada net-zero petchem project with
ethane
Canadian midstream energy firm Pembina Pipeline
has entered into long-term agreements to supply
Dow’s upcoming net-zero petrochemicals project
at Fort Saskatchewan in Alberta province with
50,000 bbl/day of ethane.
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