Americas top stories – weekly summary

24 March 2014 15:00 Source:ICIS News

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 22 March 2014.

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US March PX falls 3% on lower Asia pricing
The US paraxylene (PX) contract price for March fell 3%, market sources confirmed.

US LyondellBasell declares force majeure, 75% allocation on BD
US LyondellBasell declared force majeure (FM) and 75% allocation for butadiene (BD), sources said.

US MEK prices down 2 cents on oversupply
Domestic prices for US methyl ethyl ketone (MEK) fell 2 cents, as sources indicate suppliers are lowering rates to move more material in a slightly saturated market.

AFPM, ethanol groups petition top US court on low-carbon-fuel suit
American Fuel & Petrochemical Manufacturers (AFPM) filed a petition, joining two ethanol groups, for the US Supreme Court to hear a pending lawsuit against California’s low-carbon fuel standard (LCFS) scheme.

February chemicals production index rises for US, world – ACC
The US Chemical Production Regional Index (CPRI) grew 0.3% month on month in February, contributing to a 0.5% increase in the global CPRI, according to figures the American Chemistry Council (ACC).

VIDEO: ICIS Special Report on US polyolefins markets
The US polyolefin markets will be among the greatest beneficiaries of improved cracker and propane dehydrogenation (PDH) capacity in the coming years.

Interview: US Siluria starts ethylene-to-fuel pilot plant
Siluria held on Thursday a grand opening for a pilot plant that uses a unique two-step process that converts methane into gasoline, a technology that could lower the typically high costs of gas-to-liquids production, the CEO said.

US ExxonMobil bows to shareholders, will publish carbon risk report
ExxonMobil has agreed to publish a carbon-asset risk report on its website, describing how it assesses the risk of stranded assets from climate change, as requested by a shareholder resolution seeking to address the company's exposure in a low-carbon future, shareholders announced.

Interview: Braskem northeast US project may match Ethylene XXI –CEO
The planned Ascent project in West Virginia, US - to be built by Brazil’s industrial conglomerate Odebrecht and operated by Braskem – could be on the scale of the Ethylene XXI project in Mexico, the chief executive of Braskem said.

US Q1 TDI prices assessed up as producers stand firm on increases
A 4 cent/lb ($88/tonne) hike for US toluene di-isocyanate (TDI) assessed this week follows the 2 cent/lb increase assessment of last week, totalling a 6 cent/lb boost for the quarter, driven by a firm producer stance on price increase initiatives.

By Staff Reporter