petrochemical

Dow Canada seeks partners, subsidies in second half 2023 as it readies $10-billion expansion FID

Aug 7, 2023

Dow, the biggest U.S.-based petrochemical company, plans to clinch enough accords and incentives for its Canadian operations during the second half of 2023 to help support a decision on whether to start in 2024 a six-year construction of an expanded ethylene-...

ExxonMobil´s $5-billion Denbury purchase to speed up carbon capture and build ammonia business; company explores leveraging its upstream knowledge to enter lithium business

Aug 6, 2023

ExxonMobil will complete the Baytown chemical plant expansion, announced four years ago at a $2-billion projected cost, before the end of 2023 while the $5-billion purchase announced on July 13 of carbon capture and storage provider Denbury, that includes the...

Canada´s NOVA Chemicals expands participation in recycling; N-Butanol market to keep expansion until 2028; U.S. chemical exports see small rise in May from April

Jul 22, 2023

News Briefs

U.S. refiners fear a California planned ban on gasoline, diesel vehicles to start in 2035 may spread to 20 states

Jun 6, 2023

The association of American Fuel & Petrochemical Manufacturers (AFPM) issued on May 24 a statement to show concern that as many as 20 states within the United States may follow California and enact their own bans on gasoline and diesel vehicles starting...

U.S. plastic resin production plants less crowded in 2023 but pay increases likely

May 23, 2023

Employment in U.S. plastic resin production declined from 60,400 positions in Sep. 2022 to 58,200 in February 2023, according to figures from the Bureau of Labor Statistics republished by the American Chemistry Council.

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...

Dow to cut 2,000 jobs citing 2023 challenges to profit; LyondellBasell separately reports margin improvements as some new resin capacity sees slow start

May 10, 2023

Dow, one of the world´s biggest petrochemical companies and based in Midland, Michigan, has resorted to the elimination of 2,000 positions this year as the company faces challenges including the consequences of lower polyethylene profit margins in 2023...

Worker availability for new petrochemical projects tight with some construction materials in short supply

Apr 24, 2023

The availability of workers to help build new petrochemical plants or participate in maintenance work is seen early in the second quarter of 2023 as tight, with some key construction materials also in short supply.

U.S. resin prices seen moving lower in 2023

Apr 23, 2023

U.S. plastic resin prices appear set to move closer in what is left of 2023 to lower prices elsewhere in the world, particularly after the North American market started to feel the full impact of plants started in recent months, a market analyst for polymers...

Rubber market may expand over 5% annually until 2027 led by automotive; U.S. rail traffic contracted in mid-April from year earlier, Canada sees rise; Rail industry adds sensors for safety

Apr 23, 2023

News Briefs

Pages