Americas top stories: weekly summary

Author: ICIS Editorial

2020/12/14

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 11 December.

US private-equity firm sets up potential proxy fight with ExxonMobil
A US private-equity firm is seeking to replace four members of energy major ExxonMobil’s board of directors in a potential proxy fight backed by the nation’s second largest pension-fund owner and holder of $300m of the company’s stock.

Mitsubishi mulls Louisiana site for MMA-from-ethylene plant
Mitsubishi Chemical Corp (MCC) is studying the feasibility of building a methyl methacrylate (MMA) plant, using the company’s Alpha technology that produces the material from ethylene instead of acetone.

West Virginia blast occurred at Optima unit - US Chemours
The explosion at a chemicals production facility in Belle, West Virginia, took place at a plant operated on the site by Optima Chemical leased from Chemours, according to the US-headquartered producer.

US safety agency sends investigative team to site of West Virginia explosion
The US Chemical Safety Board (CSB) has sent a team to investigate the explosion earlier this week at a chemicals production facility in Belle, West Virginia, operated by Optima Chemical, the safety agency confirmed on Thursday.

Rates for shipping containers continue to skyrocket amid shortage in Asia
continued shortage of shipping containers in Asia is putting upward pressure on freight costs – where some importers are paying three times more than normal – and delaying delivery times as securing space to ship goods has become more difficult.