Americas top stories: weekly summary

Source: ICIS News

2019/02/04

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 1 February.

Celanese expands acetic acid capacity at Clear Lake, Texas facility
Celanese is expanding its acetic acid facility in Clear Lake, Texas, as it looks to reconfigure its global acetic acid production network through a number of value-creating steps, the global chemicals and specialty materials firm said on Monday.

US ExxonMobil to raise refining capacity at Beaumont by 65%
ExxonMobil plans build a new crude unit at its refinery in Beaumont, Texas, which will increase the refining capacity at the site by 65% or 250,000 bbl/day, the US-based company said on Tuesday.

US BD supply eases following tight year
US butadiene (BD) supply should continue to improve amid a wave of cracker startups slated for 2019. So far in early 2019, longer supply has kept prices relatively stable compared with the tightness of 2018.

US DowDuPont expects de-stocking to persist into second quarter
DowDuPont expects the de-stocking to continue through the first quarter and into the second, continuing a trend that arose at the end of 2018, the US-based chemical producer said on Thursday.

US February benzene contracts settle higher for first time in five months
US February benzene contracts settled 10 cents/gal ($30/tonne) higher at $1.93/gal free on board (FOB) US Gulf, marking the first increase in five months.