Americas top stories: weekly summary
ICIS Editorial
27-Sep-2021
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 24 September.
SABIC, ExxonMobil starts
commissioning PE, MEG units at US
site
Saudi Arabia chemicals major SABIC on Sunday
said that its joint venture project with
ExxonMobil near Corpus Christi, Texas, has
started commissioning activities and is
preparing for initial start-up.
Key
Shell US Gulf platform offline until end of
2021
A subsidiary of Shell released a damage
assessment of its offshore West Delta-143
(WD-143) facility that revealed “significant
structural damage” from Hurricane Ida that will
take the rest of the year to repair, Shell
Offshore said on Monday.
Over
18% of US Gulf oil, nearly 27% of offshore
natgas production still shut
in
Over 18% of the US Gulf’s oil production and
nearly 27% of natural gas output remained shut
on Monday, said the US Bureau of Safety and
Environmental Enforcement (BSEE).
US
Axalta lowers Q3 earnings guidance on chip
shortage, inflation
Axalta Coating Systems lowered on Monday its Q3
earnings guidance because a shortage of
computer chips has lowered demand for paint
from its automobile customers and because of
rising costs for raw materials.
US
polyether polyol supply tightness persists,
exacerbated by US Gulf
hurricanes
Supply tightness persists in the US polyether
polyol market, with supply woes being
exacerbated by recent US Gulf hurricanes.
US
producer CF Industries restarting UK ammonia
plant
US producer CF Industries has announced it is
immediately restarting the ammonia plant at its
Billingham, UK, complex.
BASF
to scale up new decarbonisation tech in second
half of decade – CEO
Germany-based BASF aims to scale up two key
decarbonisation technologies in the second half
of the decade, its CEO said.
US HB
Fuller stock jumps 9% as sales prices to
outpace inflation
Shares of HB Fuller rose by more than 9% on
Thursday as the US adhesives producer expects
its price increases will outpace inflation,
allowing it to increase margins and expand
earnings by double-digit rates in 2022.
US
chems concerned as rail carrier Canadian
Pacific wins fight for KCS
The US chemical industry is watching closely as
the railroad sector is set to further
consolidate with the pending merger between
rail carriers Canadian Pacific (CP) and Kansas
City Southern (KCS), two directors at the
American Chemistry Council (ACC) told ICIS in
an interview.
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