Americas top stories: weekly summary
ICIS Editorial
28-Jun-2021
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 25 June.
Westlake seeks to profit from US housing growth
with Boral deal
Westlake’s pending $2.15bn acquisition of the
North American building-products business of
Boral should allow the vinyls producer to
profit from what could be several years of
catch-up housing construction, the result of
more than a decade of underinvestment that took
place in the aftermath of the 2008 financial
crisis, the company said on Monday.
Supply chains, shortages, inflation biggest
risks to US economy – ACC
Global supply chain constraints, shortages of
materials and labour, and inflation are the
biggest risks to the US economic outlook, the
chief economist of the American Chemistry
Council (ACC) said on Tuesday.
Little relief expected for tight US acetic acid
supplies until late Q3
The start of Q3 was expected to bring some
resolution to US acetic acid availability
concerns, but with producers unable to keep
pace with demand for both domestic and export
markets, this is likely to push back any
improvement on inventories to later that
quarter.
US PBF mulls $550m renewable diesel project at
Chalmette refinery
PBF Energy is considering a $550m project that
would retrofit an idled hydrocracker to produce
renewable diesel at its Chalmette refinery in
Louisiana, the US-based refiner and the state
said on Thursday.
President Biden announces $579bn bipartisan
infrastructure deal
US President Joe Biden announced a bipartisan
infrastructure deal to provide about $579bn in
new investments in roads, clean transportation,
water infrastructure, the electric grid,
broadband internet, and other projects to pass
part of his economic agenda through Congress.
Plastics compounding and packaging firms to see
growth – analysts
Plastics compounding and packaging companies
are poised to see continuing volume growth amid
improving economic conditions while passing on
higher raw material costs, Wall Street analysts
said.
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