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
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
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
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
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.
force majeure from US TDI
BASF has declared force majeure from its toluene diisocyanate (TDI) plant in Geismar, Louisiana, a company spokesperson confirmed on Friday.