Americas top stories: weekly summary
ICIS Editorial
07-Jun-2021
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 4 June.
Canada’s Pembina to acquire Inter
Pipeline
Pembina Pipeline has agreed to acquire Inter
Pipeline, creating an energy infrastructure and
petrochemicals firm with a pro forma enterprise
value of Canadian dollar (C$) 53bn ($44bn), the
companies said a joint statement on Tuesday.
US Ergon declares FM at West Virginia
refinery
US refiner Ergon declared force majeure at its
Newell, West Virginia, refinery following a
fire over the weekend that is expected to have
an immediate impact downstream.
Canada’s Brookfield raises hostile bid in fight
for Inter Pipeline
Canada’s Brookfield Infrastructure has raised
its hostile bid for midstream energy and
petrochemicals company Inter Pipeline (IPL) to
Canadian dollar (C$) 19.75/share
($16.46/share).
More than 31m homes at risk to damage from
storm surge, winds this hurricane season –
CoreLogic
More than 31m single-family homes along the US
Gulf and Atlantic coasts are at elevated risk
of damage from storm surge or winds from
hurricanes in the 2021 season,
which began this week, according to real-estate
information provider CoreLogic.
MOVES: Chemours appoints new
CEO
Chemours has appointed Mark Newman as its new
president and CEO, effective 1 July, the
US-based titanium dioxide (TiO2) and
fluoroproducts company said on Thursday.
Canada’s Inter Pipeline opposes improved
hostile bid, points to petchem
upside
Canadian midstream energy company Inter
Pipeline (IPL) remains opposed to Brookfield
Infrastructure’s hostile takeover bid – even
though Brookfield has raised its offer to top a
rival bid by Pembina Pipeline.
Nuclear power may play big role in cracker
decarbonisation – Dow CEO
Nuclear power could play a key role in
decarbonising crackers through the production
of green hydrogen, the CEO of Dow said on
Thursday.
More recycled plastics will not change polymers
demand outlook – Dow CEO
Greater demand for recycled plastics will not
change the overall demand outlook for polymers,
the CEO at US chemicals major Dow said.
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