Americas top stories: weekly summary

Source: ICIS News


HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 10 November.

Shale oil boom to peak in 2025, decline from 2030 - OPEC Tight oil supply from the US and elsewhere will peak in 2025 and start to decline shortly after, with OPEC crude production expected to rise sharply around the same time, the oil cartel said on Tuesday.

Shintech may build US VCM plant, expand US PVC unit in Louisiana Shintech has filed a permit to build a vinyl chloride monomer (VCM) plant and expand an existing vinyls plant in Plaquemine, Louisiana, according to documents ICIS obtained on Tuesday.

Shell goes ahead with US Pennsylvania petchems complex, starts ‘main construction’ Shell has started the “main construction” of its large-scale petrochemicals complex in Pennsylvania, US, with expected production to start “early next decade”, the Anglo-Dutch energy and chemicals major said on Wednesday.

China Energy plans $83.7bn investment in US shale gas, chems China Energy Investment Corp plans to invest $83.7bn in shale gas development and chemical manufacturing projects in the US state of West Virginia, the West Virginia Department of Commerce said on Thursday.

CP Chem celebrates start-up of new US PE units in Texas US-based Chevron Phillips Chemical (CP Chem) on Friday celebrated the start-up of its new polyethylene (PE) units in Old Ocean, Texas.

CP Chem inaugurates new US PE plant in Old Ocean, Texas Chevron Phillips Chemical (CP Chem) inaugurated two new polyethylene(PE) units at its facility in Old Ocean, Texas on Friday. ICIS representatives were present at the inauguration ceremony.