Americas top stories: weekly summary

Source: ICIS News


HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 2 February:

PTTGC, Daelim to conduct feasibility study on planned US cracker
PTT Global Chemical (PTTGC) and South Korean construction and chemical company Daelim Industrial Co will conduct a feasibility study on the Thai firm's planned cracker in the US.

Denmark's Haldor Topsoe tapped for world-scale IGP Methanol US Gulf Coast complex
US producer IGP Methanol has awarded a technology licensing contract to Haldor Topsoe for work on what is expected to be the world’s largest methanol production complex, the Denmark-headquartered engineering firm said on Tuesday.

LyondellBasell declares force majeure on US EO/EG
LyondellBasell has declared force majeure on US ethylene oxide (EO) (pure) and ethylene glycols (EG) due to the complete failure of third-party supplier of steam to the Bayport, Texas EO plant, according to a customer letter obtained on Tuesday.

US Enterprise, Navigator form joint venture to build ethylene export terminal
Enterprise Products Partners and Navigator Holdings have formed a 50:50 joint venture to build a new 1m tonne/year ethylene export facility along the US Gulf Coast, the US and UK companies said on Wednesday.

BASF set to start construction on new US MDI plant in early Q2
BASF will start on the construction of a new methylene diphenyl diisocyanate (MDI) synthesis unit at its US site in Geismar, Louisiana, early in the second quarter, the Germany-based chemicals major said on Wednesday.

US February benzene settles lower, market moves back into contango
US February benzene contracts settled at an 11 cent/gal ($33/tonne) decline from January on Wednesday.

US DowDuPont to start up LDPE, EPDM plants in Q1
DowDuPont plans to start up its new low density polyethylene (LDPE) plant and ethylene propylene diene monomer (EPDM) plant in the first quarter, the company said on Thursday.

Initial US January ethylene contracts settle 0.25 cent/lb higher
Initial US January ethylene contract settlements have been agreed at an increase of 0.25 cent/lb from the prior month, market sources said on Thursday, although the settlement is not yet confirmed to be marketwide.

LyondellBasell moves ahead with new petchem project planning
LyondellBasell is advancing plans for new petrochemical projects, mainly in the US, its CEO said on Friday.