Executive Viewpoint

Canadian chemistry industry seeks government action to support chemical investment

Sep 17, 2023

The Chemistry Industry Association of Canada, which lists about 60 members just in its Plastics Division and includes the top petrochemical producers in the country, has requested the government of Canada to enact legislation, specifically in relation to...

Brazil state oil Petrobras carries out due diligence of Braskem as it mulls option to add equity

Sep 17, 2023

Brazilian state oil Petrobras, specialized in deep-water, crude oil extraction, and which refines most of the fuel consumed by some 214 million Brazilians, confirmed on Aug. 22 a due diligence of Latin America´s biggest petrochemical company Braskem, where it...

AFPM opposes EPA´s proposed rules related to pyrolysis oil; Surface Transportation Board proposes reforms for rail shipping; Methanol market seen increasing just over 4% annually until 2028

Sep 17, 2023

News Briefs

Mexican PVC demand sees weakness even as prices lower than year ago

Sep 3, 2023

Demand in Mexico for polyvinyl chloride, or PVC, was as of late August 2023 relatively weak with businesses that buy the resin to mix with plasticizers, to make compound products used across industries, having a difficult time placing the volumes that they...

Developing countries see more resin imports as China, U.S., Europe demand challenged: Braskem´s CEO

Aug 20, 2023

The CEO of Brazil-based Braskem, Roberto Bischoff, said that the company that is Latin America´s biggest petrochemical organization is seeing atypical scenarios in plastic resin markets that include very large flows of plastic resin exports from the world´s...

Asian resin imports gain larger influence in Mexican market as ocean freight costs ease; LyondellBasell sees soft demand, new supply capping polyolefins average North American run rate at 85% in Q3 2023

Aug 5, 2023

News Briefs

Mexico-based Orbia plans to build integrated chlor alkali PVC capacity in Texas as it anticipates tightening supply

Jul 22, 2023

Orbia, a Mexico City-based firm with global operations that makes goods including specialty PVC and plastic resins, will do its own research to understand the true supply outlook for this resin heavily used in home fixtures and water pipes, and mull the...

North American polypropylene market sees in 2023 receding demand after price volatility

Jul 12, 2023

The North American polypropylene market is as of mid-2023 marked by contracting demand as some consumers have reacted to volatile prices not just so far this year but since 2021, a time of high margins when some producers boasted about earnings above peers as...

Global committee to work on binding draft for accord on plastic pollution as U.S. delegation seen taking leadership

Jun 6, 2023

The second session of the so-called Intergovernmental Negotiating Committee that works on accords around reducing plastic pollution, including marine, ended its June 3 meeting in Paris with a mandate for the “INC Chair to prepare a zero draft of the agreement...

Braskem´s owner Novonor says won’t hold talks with ADNOC, Apollo

May 23, 2023

Officials from Latin America´s biggest petrochemical company Braskem, also owner of an ethylene-polyethylene complex in Mexico and also the biggest polypropylene producer in North America with five plants in the U.S., said that Braskem´s owners Novonor won’t...

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