Europe top stories: weekly summary

24 July 2017 10:00 Source:ICIS News

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 23 July.

US LyondellBasell allocates $2.4bn for new PO, TBA plant in Texas
LyondellBasell has taken a final investment decision on the construction of a propylene oxide (PO) and tertiary butyl alcohol (TBA) plant at its Channelview, Texas, site with a total capital expenditure (capex) of $2.4bn, the US chemical major said on Friday.

Europe PE players seeing bottom of cycle approach
European polyethylene (PE) buyers and sellers are seeing the approach of the bottom of the current cycle, depending on the grade, sources said on Thursday.

VIDEO: Special Report: Europe TiO2 supply tightness to persist in Q3
Markets reporter Nick Cleeve speaks with Senior Editor Heidi Finch on the outlook for titanium dioxide (TiO2) in Q3, after tight conditions and rallying prices in Q2.

VIDEO: Special Report: Europe aromatics market outlook
Markets reporter Pavle Popovic speaks with Markets Editor Vasiliki Parapouli about the Q3 outlook for European aromatics markets.

Dutch AkzoNobel CEO resignation unlikely to change company's plans - analysts
The resignation of AkzoNobel’s CEO Ton Buchner is unlikely to inspire a renewed bid from US counterpart PPG nor is it likely to impact on the future of the company’s specialty chemicals business, according to analysts at European investment banks on Wednesday.

Germany’s Brenntag targets global growth in market share - CEO
Germany’s Brenntag, the world’s largest chemical distributor, is targeting growth in market share globally in an environment of improving financial results and economic growth in some regions.

ADNOC, Borealis aim for 10m tonne/year Borouge polymers production by 2023
ADNOC and Borouge aim to expand production of polymers from the current 4.5m tonnes/year to 10m tonnes/year at their UAE’s Abu Dhabi joint venture Borouge by 2023, the country’s energy major and the Austrian polymers and fertilizers producer said on Sunday.

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By Staff Reporter