Europe top stories: weekly summary
ICIS Editorial
24-Jul-2017
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.
(Please click the link to read the full story)
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