Americas top stories: weekly summary

10 April 2017 15:39 Source:ICIS News

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 7 April 2017:

US Enterprise plans ethylene storage, transportation projects
US Enterprise Products Partners is developing a high-capacity storage well and new pipeline to enhance its ethylene infrastructure at its Mont Belvieu complex in Texas, the company said on Monday.

US March ethylene settles down 5.75 cents/lb
US ethylene contracts for March have settled at a decrease of 5.75 cents/lb, market participants confirmed on Tuesday.

LyondellBasell targets $3bn capex for new US PE, PO/TBA projects
LyondellBasell is planning around $3bn in capital investment (capex) to build two major projects in the US – its new Hyperzone high density polyethylene (HDPE) plant and a new propylene oxide/tertiary butyl alcohol (PO/TBA) facility, its chief financial officer (CFO) said on Wednesday.

Key construction on Shell Pennsylvania petchems site to begin late 2017
Shell is expecting to begin main site construction on its flagship new US petrochemicals complex in Pennsylvania before the end of the year, the Netherlands-headquartered oil and gas firm said on Thursday, following the award of permits from the local township in January.

US March PE contracts rise 3 cents/lb on late revision
US March polyethylene (PE) contracts settled up by 3 cents/lb ($66/tonne) this week, largely because of a late-month revision of initial nominations, sources said on Thursday.

Two N American PS producers nominate price drops
At least two North American polystyrene (PS) producers have separately nominated price increases of 5 cents/lb, effective 1 April, market participants said on Friday.

By Staff Reporter