AMERICAS Nova Chemicals evaluating new PE plant Canada-headquartered Nova Chemicals is considering building a new PE plant and might have a final decision within 12-18 months. If this PE project realizes, the PE plant would benefit from its expansion project of cracker in Corunna, Canada which is due on stream in 2017.…
AMERICAS Shintech to build new ethylene unit at Iberville Parish facility Shintech, the largest PVC producer in North America, will invest USD 1.4 billion for a new ethane cracker installed at its facility in Iberville Parish, Louisiana, as well as infrastructures that connect ethylene output to VCM and PVC units. The new…
AMERICAS Sekisui Plastics USA introduces a new grade of Piocelan®foam resin Sekisui Plastics USA has launched a new grade of moldable Piocelan®foam resin, Piocelan T. The new material is a hybrid of polystyrene and polyolefins using Sekisui Plastics’ proprietary hybrid foam technology. Compared to previous grades that lack sufficient heat resistance for…
AMERICAS Dunkin’ Donuts seeking replacement of EPS cup Dunkin’ Brands Group Inc. has looked for alternatives to expanded polystyrene (EPS) foam cups for its coffee cups. Currently, polypropylene foam cups from Berry Plastics Group have been considered the best alternative to EPS foam cups. Dunkin’ Donuts also seeks a new and recyclable…
AMERICAS Hexpol to boost synthetic rubber compounding capacity in Mexico Hexpol plans to expand synthetic rubber compounding capacity in Mexico. The expansion will add a new advanced 135 L rubber compounding line into its Querétaro facility, Mexico, which will increase overall capacity to 70 KTA. Comments: Sweden-headquartered Hexpol A.B. supplies advanced rubber…
Chemical Industry Summary Heading into Q2 earnings season, chemical margins generally look positive for most chemical sectors with olefins/polyolefins leading and the chlor-alkali chain less profitable. Macroeconomics and Geopolitics The International Monetary Fund (IMF) reports Q1 global GDP growth at 2.2%, 0.8% below the April forecast. The year 2015 now looks to…
Chemical Industry Summary US and global commodity chemical companies generally reported favorable financial results in the Q2 earnings season, with several companies reporting record results. Commodity chemical prices proved to be relatively stable despite ongoing feedstock price erosion. Demand for polyolefins in all regions was relatively firm and producers’ inventories at the end of…
Chemical Industry Summary Reflecting a lower cost basis, global commodity chemical prices continue to wilt as the global chemical industry adjusts to lower crude oil prices. Spot ethylene in Asia has recently traded near US$800 per MT, down from US$1,400 in July. Margins have eased for producers in all regions. The Asian ethylene/naphtha spread…
Chemical Industry Summary The deflation of global chemical prices continues following declining feedstock and oil/gas prices. Key olefins in the US are now hitting levels not seen since 2009 in some cases, not seen since 2003. Ethylene margins are starting to ease for US shale gas-based chemical producers as lower international prices have resulted…
Chemical Industry Summary Publicly traded US commodity chemical producers reported surprisingly good financial results for the recently completed third quarter. Margins in Q3 for the US polyolefin chain decreased sequentially with polymer prices falling more than feedstock costs. However, for Europe, the story was reversed with declining oil and naphtha prices falling faster than…