Americas top stories: weekly summary
ICIS Editorial
29-Apr-2024
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 26 April.
LyondellBasell sees
continued PE momentum in North America, Europe
– CEO
Polyethylene (PE) demand in North America and
Europe should continue to improve in Q2 and
through H2 with consistently healthy demand in
packaging, the CEO of LyondellBasell said on
Friday.
Eastman eyes 2027 startup
for second US methanolysis plant, French
project timing uncertain
Eastman expects to reach a final investment
decision (FID) on its second US methanolysis
(chemical recycling) plant in Q3, CEO Mark
Costa and CFO Willie McLain told analysts
during the company’s Q1
earnings call on Friday.
Dow
sees ‘meaningful’ H2 recovery on PE margins,
steady demand improvement – CFO
Dow continues to expect a strong second half,
mainly driven by higher integrated polyethylene
(PE) margins, with Q2 sales also expected to
trend higher versus the first half in all three
of its segments, its chief financial officer
said on Thursday.
INSIGHT: Latin America’s
nascent EV market increasingly a Chinese
affair
Latin America’s take-up of electric vehicles
(EVs) has started to gain momentum, said the
International Energy Agency (IEA) this week,
with Chinese producers drawing customers with
sharply lower prices than western, established
brands.
Canada moves ahead with
plastics registry as UN plastics pollution
session starts in Ottawa
Following the conclusion of a consultation
period, Canada’s federal government has
published a formal notice in the Canada
Gazette for its planned
Federal Plastics Registry.
Styrolution Sarnia
closure further tightens North America styrene
market
INEOS Styrolution’s decision this past weekend
to temporarily close its Sarnia, Ontario,
styrene unit will further tighten a market
already dealing with several outages. Prices
are under upward pressure with contract prices
the highest since Q3 2023.
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