Supply Chain & Logistics

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...

Fertilizer prices seen as unlikely to reach again in the near term the record-high hit in 2022

Jul 23, 2023

Fertilizer prices, influenced by the cost of natural gas that is a key feedstock to produce synthetic plant nutrients, may not reach their Russia-Ukraine War-related historical price peaks of 2022 in the near future. That is unless unforeseen events impact...

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...

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...

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...

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´s InterPipeline to reach stable production rates closer to capacity in 2023

Mar 21, 2023

The Edmonton, Alberta-based Heartland commodity resins complex, that includes a propane de-hydrogenator (PDH) plant that turns propane gas into propylene and an adjacent polypropylene plant to polymerize that propylene will see stable production rates closer...

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...