petrochemical

Braskem sees global resin markets undersupplied in 2026-2027

Apr 7, 2023

Braskem, Latin America´s biggest petrochemical company and the top polypropylene producer in North America, projects that within about three years what are now excess of supply of basic resins including polyethylene will turn by that time into tightness.

Canada methanol project canceled in first quarter 2023 amid lackluster demand

Apr 7, 2023

One of the biggest projects in terms of required investment promoted in recent years in Canada, the estimated C$4 billion Nauticol plant in the Alberta province, was canceled in February 2023 as demand for the commodity used as fuel, intermediate for other...

Mexico´s Pemex aims for gasoline self sufficiency in 2024 after reverting declines

Mar 21, 2023

Mexican state oil refiner and petrochemical producer Pemex has reverted a decade of plunging gasoline production and plans to reach self sufficiency to meet all future motor fuel needs for the country with its own assets by 2024, the general director of Pemex...

U.S. polyethylene increasingly pushed out as exports after shipping constraints eased

Mar 6, 2023

U.S. polyethylene producers have since late last year and into the first quarter of 2023 been seeking out export markets in a way that had not been done during the pandemic and post-pandemic periods, following the easing of shipping and supply chain problems...

Mexico-based Braskem Idesa sets up venture for new ethane terminal; Huntsman completes sale of dyes, pigment division to Archroma; Braskem runs at reduced rates in Brazil but steady in the U.S.

Mar 6, 2023

News Briefs

U.S. chemical guild advocates for modern PFAS as safe, criticizes report; Braskem announces evaluations of project to produce bio-polymers in the U.S.; Mexican chemical production sees a 4.4% monthly increase in October

Jan 21, 2023

News Brief

U.S. plants increase coatings, adhesives, dyes and pigments output in late 2022; Cox Enterprises to invest $150 million in plastic recycling through Nexus; U.S. home sales see weakness; Braskem taps KPMG as new auditors for rotation

Jan 9, 2023

News Briefs

Braskem sees global impact of polyethylene capacity increases lasting until 2024

Nov 19, 2022

Officials at Brazil-based Braskem, Latin America´s biggest petrochemical company with polyethylene production capacity in Brazil and Mexico, said that the global market for this petrochemical plastic resin that is the most traded petrochemical commodity will...

Peruvian markets continue to offer EPS food containers despite ban; Venezuela´s PDVSA calls any U.S. Citgo equity sale illegal; Global polyethylene market to expand 5% until 2027

Oct 25, 2022

News Briefs

Shell completes Pennsylvania ethane cracker, polyethylene plant construction

Aug 9, 2022

Shell has fully completed as of early Aug. 2022 construction of an ethane cracker and polyethylene plant complex near Pittsburgh, Pennsylvania that is different from other U.S. downstream investment in plastic resin capacity in that it will tap ethane from...

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