Americas top stories: weekly summary
ICIS Editorial
28-May-2018
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 25 May:
Chinese
regulators give LyondellBasell clearance for A
Schulman acquisition
LyondellBasell has received approval from the
Chinese State Administration of Market
Regulation (SAMR) for its proposed $2.25bn
purchase of plastic compounder A Schulman, the
polyolefins major said on Tuesday.
Total, Borealis,
NOVA close joint venture for Texas
project
Total, Borealis and NOVA Chemicals have
received all regulatory approvals and have
closed on their joint venture, which plans to
build a petrochemical project on the US Gulf
Coast, the companies announced on Wednesday.
Initial US May
propylene contracts settle at 5 cent/lb
increase
Initial US May propylene contract
price settlements are at an increase of 5
cents/lb from the prior month, although
the settlement is not yet marketwide, market
sources said on Thursday.
Braskem’s US
shares jump on news of LyondellBasell
bid
The US-listed shares of Braskem closed sharply
higher on Thursday following news that
LyondellBasell had proposed to acquire the
Brazilian polyolefins producer.
Thai Indorama
completes acquisition of Brazil PET
plant
Indorama Ventures Public Co Limited (IVL) has
completed the acquisition of Mossi &
Ghisolfi’s
(M&G) polyethylene terephthalate
(PET) plant in Brazil, the company said on
Friday.
Brazil loosens
biofuel laws as trucker strike paralyses
country
Brazil has loosened
its biodiesel and ethanol blending
requirements after a trucker strike has
paralysed the country, making it increasingly
difficult for distributors to receive the
biofuels they need to comply with the mandate.
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