Americas top stories: weekly summary

Author: ICIS Editorial

2021/09/27

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.