Americas top stories: weekly summary
ICIS Editorial
10-Jul-2017
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 7 July 2017:
PTTGCA purchases land for proposed
US cracker ahead of late-2017 FID
PTTGC America has exercised a purchase option on a 168-acre
property in Belmont County, Ohio, for a proposed ethane cracker that it
expects to make a financial investment decision (FID)
on late this year, a
spokesperson for the project confirmed on Monday.
US crude oil futures end streak of
increases on higher supply
US crude oil futures snapped their
longest streak of increases in more than five years on
Wednesday, tracking expectations that global supply will
increase.
US June ethylene contracts settle
down 2.75 cents/lb, not
market-wide
US ethylene contracts for June have
settled for most participants at a decrease of 2.75 cents/lb
from the prior month amid strong production, although the
agreement is not marketwide, sources said on Thursday.
Formosa US polymer units in Texas
restarting after outage
Formosa Plastics is in the process of restarting its polymer
plants and other derivative units in Point Comfort, Texas
that were shut down before the 4th July holiday because
of power outage, a spokesman said on Friday.
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