Americas top stories: weekly summary
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 24 March.
AFPM ’23 – INSIGHT: US petchem exports poised to hit record on capacity, logistics and cost advantage
With the last wave of new capacity additions and easing of logistics constraints, the US petrochemical sector has a clear path to boosting exports to new records in 2023, heading into this year’s International Petrochemical Conference (IPC).
Global petrochemicals demand to remain challenging in 2023 – Braskem
Global demand for petrochemicals will remain “challenging” in 2023 and the recovery will only come from 2024 onward, the CFO at Brazil’s petrochemicals major Braskem said on Thursday.
INSIGHT: US Fed undeterred from 2% inflation goal means more tough times ahead for chemicals
Even amid a regional banking crisis, the US Federal Reserve remains undeterred in its goal of bringing inflation down to its 2% target.
Corrected: Canada’s NOVA plans $2-4bn in sustainable investments
NOVA Chemicals plans to invest $2bn-4bn in such areas as sustainable products, decarbonisation and mechanical recycling as part of its plan to become a top 30 company in Canada and to reach net-zero carbon emissions by 2050, the polyethylene (PE) producer said on Wednesday.
US DG Fuels mulls biomass-to-fuels plant in Louisiana
DG Fuels has secured an option for land in Louisiana where it may build a $3.1bn biomass-to-fuels plant that will rely on a suite of technologies to bring the site’s carbon emissions close to zero, the state said on Tuesday.
INEOS, unions reach tentative deal over strike at US TiO2 plant
INEOS reached a three-year labour agreement with two unions at one of its pigment plants in Ohio, the company said.
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