olefins

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...

International chemical guild seeks binding accord on recycling; Lummus-owned, crude-to-chemicals technology to see first commercial use; Methane market seen doubling to $1.6 trillion within a decade

Dec 19, 2022

News Briefs

Initiative to slow new plastic resin capacity through permitting introduced in U.S. Congress

Dec 6, 2022

Legislators from the Democratic Party representing some U.S. coastal states introduced in early December 2022 a bill named Protecting Communities from Plastics Act that aims at tighter controls on permitting for future plastic production capacity, new or...

Dow sees turnarounds supporting polyethylene price increases back to October peaks

Apr 24, 2022

Dow, the Michigan-based leading petrochemical producer, wants price increases for its polyethylene resin in both April and May that if buyers accept would not just help pay costly turnarounds but also take prices back to the October peaks territory.

Methanol market to grow to $36 billion by 2026; Colombia´s Ecopetrol to invest in decarbonization; Pet food producer Mars to use more recycled plastic; Monsanto successors to clean site; Novonor mulls a sale of Braskem; Peru bans expandible polystyrene

Dec 19, 2021

News Briefs

Light vehicle fuel efficiency gains see slow progress as SUVs sales rising: IEA; Terminal for ExxonMobil-Sabic venture’s resin plant in Corpus Christi completed; LyondellBasell posts quarterly cash earnings record; Brookfield buys InterPipeline

Nov 9, 2021

News Briefs

U.S. winter storm disrupted 15% of global olefins market, threatened PET and polyester

Feb 22, 2021

Global olefins and polyester markets may feel for weeks the consequences of a storm that brought freezing temperatures for several days to areas not used to extended harsh winter weather conditions including Texan natural gas production areas and...

LyondellBasell gets to buy from Sasol 50% of cracker, two PE plants at two-thirds of value

Oct 13, 2020

LyondellBasell left aside the financial caution it adhered to since the start of the pandemic to seize an opportunity provided by deteriorated market conditions to buy for two-thirds of the estimated real value a 50% stake in an ethane cracker and two...

Rising demand for hydrogen attracts interest of U.S. Gulf Coast petrochemical companies

Oct 13, 2020

U.S. petrochemical companies that already produce hydrogen as a by-product in processes like ethane cracking or while making chlorine are exploring new revenue possibilities.

U.S. ethane-based petrochemical plants challenged by low crude prices

May 12, 2020

The Covid-19 pandemic turned the table for U.S. petrochemical companies that saw cost advantages erode for their ethane crackers in relation to those that use naphtha as feedstock.

Pages