Americas top stories: weekly summary
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 24 March.
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 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.
Even amid a regional banking crisis, the US Federal Reserve remains undeterred in its goal of bringing inflation down to its 2% target.
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.
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 reached a three-year labour agreement with two unions at one of its pigment plants in Ohio, the company said.
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