Americas top stories: weekly summary

Author: ICIS Editorial

2021/10/11

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 8 October.

US September ethylene contracts settle lower on loosening supply
US September ethylene contracts for the majority of market participants settled at a 1.25 cent/lb ($28/tonne) decrease from August, as lower month-on-month spot prices outweighed higher cash costs.

Plastics industry urges US Congress to drop 20-cent tax on virgin plastic
The Plastics Industry Association on Tuesday on behalf of 67 companies urged US Congress to drop the inclusion of a 20 cent/lb tax on virgin plastic resin in the $3.5tr budget reconciliation package.

Electric cracking for petrochemicals production likely to take over a decade – Dow CEO
Electric cracking (e-cracking) for production of petrochemicals will likely take more than a decade to implement, Dow’s CEO said on Wednesday.

INTERVIEW: Dow’s net-zero project ‘fantastic news’ for Canada
Dow’s planned net-zero carbon emissions ethylene and derivates complex in Canada is a big step forward for the country's chemical industry, Bob Masterson, president and CEO of trade group Chemistry Industry Association of Canada (CIAC) told ICIS in an interview.

INTERVIEW: Europe’s woes spotlight Canadian energy and petchem advantage
Europe’s high natural gas prices and resulting chemical production curtailments underscore the “huge advantages” of petrochemical production in Canada, in particular in Alberta province, Bob Masterson, CEO and president of trade group Chemistry Industry Association of Canada (CIAC) told ICIS in an interview.