Americas top stories: weekly summary

ICIS Editorial

26-Feb-2024

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 23 February.

LyondellBasell to lease California plant to produce recycled resins from waste
LyondellBasell has acquired a recycling plant in California from PreZero in which it plans to produce post-consumer recycled resins from plastic waste, the US chemicals major said on Tuesday.

Brazil’s Unigel gets green light from creditors for debt restructuring
Unigel has agreed a Brazilian reais (R) 3.9 billion ($791 million) debt restructuring with its creditors, which has saved the beleaguered styrenics, acrylics and fertilizer producer from filing for bankruptcy for the time being.

Mexico’s Orbia to pause PVC investments after weak Q4 results
Orbia will be pausing polyvinyl chloride (PVC) capacity expansion due to weak market economics which weighed on its 2023 earnings, the Mexico-based producer said.

US Huntsman expects gradual recovery, seeks to boost prices and volume
Huntsman expects a gradual recovery to take hold in 2024, in which the company will attempt to pursue higher prices and recover share, the CEO said on Thursday.

Pembina to supply Dow Canada net-zero petchem project with ethane
Canadian midstream energy firm Pembina Pipeline has entered into long-term agreements to supply Dow’s upcoming net-zero petrochemicals project at Fort Saskatchewan in Alberta province with 50,000 bbl/day of ethane.

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