Americas top stories: weekly summary
ICIS Editorial
07-Nov-2022
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 4 November.
Celanese expects automotive growth to boost 2023
Celanese anticipates a stronger financial start to 2023, buoyed by growth in the automotive industry, particularly electric vehicles (EVs).
Trinseo’s Asian PS, ABS volumes rise in Q4, sees end of destocking
Trinseo’s Asian sales volumes of polystyrene (PS) and acrylonitrile butadiene styrene (ABS) rose during the fourth quarter from the third quarter, signalling that the quarter may be the last one for customer destocking, the CEO said on Thursday.
‘We are in a recession’ – Avient CEO
“Right now, demand is down significantly, we are in a recession,” the CEO of US-based plastics formulator Avient told analysts during the company’s Q3 earnings call on Wednesday.
ExxonMobil, Chevron report record output from Permian
US upstream producers ExxonMobil and Chevron reported growing positions in the Permian but with rising costs and long lead times to increase natural gas production in their third-quarter results.
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