Americas top stories: weekly summary
ICIS Editorial
24-Apr-2017
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 21 April 2017:
NOVA to buy US Williams Geismar
cracker stake for $2.1bn
Canada-based NOVA Chemicals will pay $2.1bn to acquire
Williams’s 88.46% stake in its cracker in Geismar, Louisiana,
the companies said on Monday.
US Formosa issues force majeure on
Point Comfort chlor-alkali
Formosa Plastics USA declared force majeure on Tuesday
at its chlor-alkali plant in Point Comfort, Texas, after a
“torrential thunderstorm” rendered the plant inoperable,
according to a company letter to customers.
ExxonMobil, SABIC select site for
US petchem project
ExxonMobil and SABIC have selected San Patricio County, close
to Corpus Christi, Texas, as the site for their proposed
joint-venture petrochemicals complex on the US Gulf Coast,
ExxonMobil said on Wednesday.
US Sherwin-Williams raises
forecast for feedstock prices
Sherwin-Williams now expects raw-material prices to rise by
the mid-single digits, up from its forecast of
low-single-digit inflation it made earlier in the year, the
CEO of the US-based paints and coatings producer said on
Thursday.
US April barge acetone fully
settles down 9.8%
US April barge acetone contracts fully settled on Friday down
9.8% from March levels.
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