Americas top stories: weekly summary
ICIS Editorial
27-Jul-2020
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 24 July.
Celanese to sell
Polyplastics stake for $1.575bn after lagging
performance
Celanese decided to sell its 45% stake in
Polyplastics after the joint venture spent
years lagging behind the company’s other
holdings in its Engineering Materials segment,
the CEO said on Monday.
US fatty alcohols
supply and demand expected to find balance in
H2
The US fatty alcohols market is expected to
find more balance in H2 as demand eases,
delayed imports arrive and producers take
summer and fall maintenance.
PTTGC signs deal
to develop NGL storage in northeast
US
PTTGC America signed a precedent agreement that
outlines the terms and conditions to develop
underground natural gas liquids (NGL) storage
in northeastern US. This is a critical piece of
infrastructure for a proposed polyethylene (PE)
complex that the company could develop in the
region, it said on Wednesday.
Dow to cut jobs
by 6% but sees signs of China, Europe
recovery
Dow is to cut its workforce by 6% and exit
uncompetitive assets as it tackles the ongoing
impact of the coronavirus pandemic, the US
chemicals major said on Thursday.
BASF declares
force majeure from US TDI
plant
BASF has declared force majeure from its
toluene diisocyanate (TDI) plant in Geismar,
Louisiana, a company spokesperson confirmed on
Friday.
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