Americas top stories: weekly summary

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 15 September.

US auto workers begin strike at three assembly plants

As expected, United Auto Workers (UAW) members walked off the job early Friday morning at three plants, marking the beginning of their “Stand Up Strike”, officials confirmed.

INSIGHT: Lummus, Clariant enhance PDH tech amid tougher propylene market

The enhancements that Lummus Technology and catalyst producer Clariant have made to the CATOFIN propane dehydrogenation (PDH) technology will compete not just with the market leading Oleflex tech from Honeywell UOP, but with new entrants from Dow and KBR as well as renewable processes that have become more popular as companies strive to become more sustainable.

Canada chem industry presses for low-carbon investment tax credits

Trade group Chemistry Industry Association of Canada  (CIAC) wants the country’s federal government to quickly implement investment tax credits (ITCs) for low-carbon investments, it said in a “2024 federal pre-budget submission brief”.

PACKEXPO ’23: NOVA Chemical mechanical recycling site on target for 2025 start up

NOVA Chemicals is on track for a 2025 start up at its first mechanical recycling site in Connersville, Indiana, according to participants at this year’s PackExpo.

Trinseo builds ‘bridge to better times’ with successful $1.1bn refinancing

Polymers and latex binders producer Trinseo have secured significant breathing room with the successful refinancing of the vast majority of its debt coming due in 2024 and 2025. This will allow it to continue to restructure and pivot towards a more differentiated product portfolio.