Americas top stories: weekly summary
ICIS Editorial
11-Feb-2019
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 8 February.
Pembina, PIC
makes FID to build Canada PDH/PP
facility
Pembina Pipeline and joint venture partner
Petrochemical Industries of Kuwait (PIC) have
made the financial investment decision (FID) to
build a 550,000 tonne/year integrated propane
dehydrogenation (PDH) and polypropylene (PP)
facility in Alberta, Canada, the midstream
company announced on Monday.
US CP Chem seeks
incentives for proposed cracker, downstream
unit
US-based Chevron Phillips Chemical (CP Chem) is
seeking tax incentives for a possible cracker
and at least one downstream unit in Orange
County, Texas, according to government
documents.
Lotte Chemical
starts up US EG unit; LACC cracker to start up
in H1 2019
The new ethylene glycol (EG) unit at Lotte
Chemical’s facility in Lake Charles,
Louisiana, has started production,
according to a company source.
Cowen breaks
consensus, expects rough second-half for US
chems
The investment bank Cowen expects petrochemical
companies will continue to face challenges in
the second half of this year, breaking from the
consensus that the market will stage a recovery
from the slowdown in the fourth quarter.
Sasol’s US Lake
Charles cracker completion pushed back five
months as costs mount
Sasol has pushed back the estimated start-up
date for its new cracker in Lake Charles,
Louisiana to July, a five-month delay from its
most recent estimate, as projected costs of the
petrochemicals complex continue to rise, the
South Africa-headquartered producer said on
Friday.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.