Americas top stories: weekly summary
ICIS Editorial
19-Feb-2018
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 16 February:
BASF declares
force majeure on US purified
EO
BASF has declared force majeure on US
purified ethylene oxide (PEO) due to
an unexpected equipment failure, causing
the shutdown of its ethylene
oxide (EO) unit at its site in Geismar,
Louisiana, according to a customer letter
obtained on Monday.
Mexico Alpek
prioritises capacity rights regarding M&G
Corpus Christi plant
Alpek aims to either maintain original capacity
rights under a new owner at Mossi &
Ghisolfi’s
(M&G) polyethylene terephthalate
(PET)/purified terephthalic
acid (PTA) plant in Corpus Christi, Texas,
or to possibly be a joint bidder on the plant
with the goal of maintaining those volumes.
US crude
glycerine prices could dip as spring
nears
Biodiesel–derived 80%
crude glycerine prices could decline
in coming weeks as
de-icing buyers exit the
market with spring temperature forecasts
and biodiesel production restarting.
LyondellBasell to
acquire A. Schulman for
$2.25bn
LyondellBasell is to acquire plastics compounds
producer A. Schulman for $2.25bn, the US
chemical major said on Thursday.
A Schulman will
expand LyondellBasell’s compounding beyond
auto
The acquisition of compounder A Schulman will
give LyondellBasell access to a full range of
markets beyond automobiles, the CEO of the
Dutch company said on Thursday.
Inter Pipeline
ramping up construction on Canada PDH/PP
complex
Inter Pipeline has begun construction work on
its propanedehydrogenation (PDH)
and polypropylene (PP) complex in
Alberta province, with work expected to be
“significantly” ramped up in the first half of
this year, the top executives of the Canadian
midstream energy, pipeline and natural gas
liquids (NGL) company said on Friday.
Initial US
February propylene contracts at 6 cent/lb
decrease
Initial settlements for US
February propylene contract prices
are at a 6 cent/lb ($132/tonne) decrease from
the prior month, market source said on Friday,
although the settlement is not yet marketwide.
Phillips 66 mulls
another cracker for CP Chem joint venture –
CEO
US-based Phillips 66 remains open to developing
another ethane cracker for its
Chevron Phillips Chemical (CP Chem) joint
venture, the refiner’s CEO said.
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