Americas top stories: weekly summary

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 18 June.

Methanol plant in Washington state called off by developers
Northwest Innovation Works (NWIW) will be terminating its lease at the port of Kalama, effectively halting its $2bn methanol plant project in the US Pacific Northwest.

Canada’s Pembina eyes second PDH/PP project in Alberta
The proposed combination of Canadian midstream energy firms Pembina Pipeline and Inter Pipeline (IPL) could lead to a second propane dehydrogenation/polypropylene (PDH/PP) production complex in Alberta province, officials said.

Brazil Ultrapar enters exclusive talks to sell Oxiteno to Indorama
Ultrapar has entered exclusive talks with Indorama to sell its surfactants business, Oxiteno, the Brazilian conglomerate said.

Phillips 66 raises US Group II, III base oil prices as supply shortages continue
Phillips 66 will raise US base oil posted prices.

Tropical storm warning issued for parts of US Gulf Coast
A tropical storm warning has been issued for the US Gulf Coast, including Louisiana, where a system is expected to approach the north-central Gulf Coast late Friday or early Saturday.

Meteorologists expect storm to strengthen before hitting Louisiana coast
Meteorologists expect that possible tropical storm No 3 to strengthen before it makes landfall in Louisiana early Saturday.