Americas top stories: weekly summary
ICIS Editorial
10-Jun-2019
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 7 June.
US imposes
sanctions on Iran’s largest petchem group,
PGPIC
The US Treasury Department has imposed
sanctions on Persian Gulf Petrochemical
Industries Co (PGPIC), Iran’s largest and most
profitable petrochemical group, alleging that
it has provided financial support to a
construction firm of the Islamic Revolutionary
Guard Corps, it said.
US
Tronox confident on Cristal, despite Q1
accounting issue
US titanium dioxide (TiO2) major Tronox remains
confident in its recently acquired Cristal TiO2
business despite a Q1 accounting issue, the CEO
of the US-based producer said in an update.
US
ACN supply to remain tight in
H2
US acrylonitrile (ACN) supply is expected to
remain tight in the second half of 2019,
following the unexpected shutdown and
associated force
majeure at INEOS Nitrile’s Green Lake,
Texas, plant earlier this year.
LyondellBasell ends
discussions on Braskem
acquisition
LyondellBasell
has ended discussions with Brazil’s Odebrecht
regarding the potential acquisition of
Brazilian petrochemicals firm Braskem, the
international petrochemicals major said on
Tuesday.
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