Petrochemicals
Chemical executives cite fiscal cliff, economy as biggest concerns
The new KPMG poll finds 41% of US chemical business executives believe in the current macro-economic environment, the top concern is the ongoing fiscal cliff crisis.
PolyOne buys US composites company Glasforms
The purchase marks PolyOne's entry into advanced composite technology, an adjacency consistent with the company's strategy of providing specialty solutions that deliver customer value. With a purchase price of $34 million, PolyOne said it expects the deal to be accretive to earnings in 2013.
BASF taps Technip, Asahi Kasei for expansion work on German chlorine plant
The work will include a membrane chlorine plant expansion as well as the integration and implementation of existing equipment and facilities. Technip will be responsible for the complete EPC execution of the project, using Asahi Kasei Chemicals' technology and proprietary equipment.
PPG acquires US industrial coatings firm Spraylat
The acquisition furthers the capabilities of PPG’s industrial coatings business for both liquid and powder coatings. Spraylat coatings products are used in industrial markets such as automotive parts, architectural powder coatings, transportation,and general industrial niches.
Akzo Nobel sells North American paints unit to PPG
U.S. Deco, as the Akzo Nobel unit is known, was hit hard by the slump in the US construction and housing market, struggling to compete with bigger US rivals, such as PPG and Cleveland-based Sherwin-Williams. Akzo Nobel originally acquired the business as part of its 2008 acquisition of UK chemicals group ICI.
KBR licenses ammonia technology to Indorama for grassroots Nigeria project
KBR will license its ammonia technology to Indorama to operate a 2,300 tpd ammonia plant. Indorama’s selection of KBR's technology was based on several factors, including the highest demonstrated plant run lengths and the lowest energy consumption, according to project officials.
US shale gas to sustain chemical industry despite slow manufacturing – ACC
Though rising uncertainty over the fiscal cliff, debt ceiling and tax reform have hindered business confidence, the most important domestic energy development in the last 50 years is poised to reshape American manufacturing, with access to vast shale supplies creating a competitive advantage.
US ethylene industry to expand 35% by 2017
The ongoing shale gas revolution is boosting prospects for the US ethylene sector, which could raise its capacity by more than a third by 2017, according to a new report. Strong ethane production has helped to lower prices and made the US petrochemicals industry more competitive.
Germany pegged for slight 2013 improvement in chemical production, sales
Domestic sales are likely to be stable, but exports to other European countries, particularly in southern Europe, are likely to decline further in 2013. But there is no reason to be overly pessimistic, and there is no sign of a recession in Germany, according to VCI president Karl-Ludwig Kley.
Mitsubishi to invest in methanol-to-petrochemicals complex in Trinidad
The project will use 100 million standard cubic feet/day of natural gas to produce among other products di- methyl ether (DME), which can be used in Trinidad as a replacement or blending stock for diesel and liquified petroleum gas (LPG). The target date for the first stage of the project is early 2014.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
