Americas top stories – weekly summary

07 April 2014 15:00 Source:ICIS News

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 5 April 2014.

(Please click on the link to read the full text.)

US spot PGP rebounds despite continued fall in spot RGP
US spot polymer-grade propylene (PGP) rebounded on news of a deal done despite continued softening of spot refinery-grade propylene (RGP).

US March ethylene trending toward two-month settlement
US March ethylene contracts appear headed toward a two-month settlement, sources said.

LyondellBasell declares force majeure on US PP out of Bayport
US polypropylene (PP) producer LyondellBasell announced this week it experienced a force majeure event at its Bayport, Texas, PP plant, sources said.

Five US-based D4 producers agree to EPA testing enforcement
Five US-based chemicals producers have agreed to a testing programme for a solvent with multiple applications in order to determine its potential environmental effects, the Environmental Protection Agency (EPA) said.

Anadarko to settle US Tronox litigation for $5.15bn
Anadarko has agreed to settle an environmental lawsuit for $5.15bn, litigation that stemmed from its acquisition of Kerr-McGee and the spin-off of the latter's chemical division, Tronox, the US-based energy producer said.

Colombia’s April PVC domestic prices decline, tracking Asia
April polyvinyl chloride (PVC) prices in Colombia’s domestic market were down by $25-30/tonne from March, tracking the trend in Asia, sources said.

US court overturns $920m award to DuPont in trade secrets case
A US federal appeals court overturned a jury verdict which had found Korean producer Kolon Industries liable for misappropriation of DuPont's trade secrets in producing Kevlar aramid fibres.

US March PET falls 0.5-1 cent/lb amid lower feedstock
US polyethylene terephthalate (PET) market-based monthly negotiated prices for March were assessed lower by half a penny to a penny amid softer feedstock costs, sources said.

Key US House panel approves 3-year extension of CFATS bill
A key House subcommittee approved a three-year extension of a bill renewing antiterrorism security measures for chemical facilities, moving the legislation a step closer to a vote by the full House.

Chevron Phillips Chem breaks ground for 1.5m tonne/year US cracker
Chevron Phillips Chemical held a ground-breaking ceremony for its new 1.5m tonne/year cracker at its Cedar Bayou complex in Baytown, Texas, the first one to be built in the US in more than a decade.

By Staff Reporter