Americas top stories: weekly summary

22 May 2017 15:00 Source:ICIS News

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 19 May 2017:

Pembina, PIC form joint venture for proposed Canada PDH/PP plant
Canada-based Pembina Pipeline and Petrochemical Industries Co (PIC) of Kuwait have formed a joint venture for a proposed integrated propylene and 1.2bn lb/year (544,000 tonne/year) polypropylene (PP) plant in Alberta, the companies announced on Monday.

BASF declares force majeure on US butyl acrylate
Germany-based oxo-alcohols producer BASF has declared force majeure on US butyl acrylate (butyl-A), according to a customer letter received on Tuesday.

DowDuPont merger gets conditional approval in Brazil
Dow Chemical and DuPont have received conditional regulatory approval from authorities in Brazil for their $130bn DowDuPont merger, they said on Wednesday.

Dow delays proposed US May PE 3 cent/lb hike until June
Dow Chemical told US polyethylene (PE) customers on Thursday that its 3 cent/lb ($66/tonne) increase for May is being delayed until June, according to a letter sent by the company.

US May PE contracts could fall on producer cuts
US polyethylene (PE) contracts for May appeared to be heading for a price cut on Friday as two producers were heard to be lowering prices by 3 cents/lb ($66/tonne).

By Staff Reporter