Supply Chain & Logistics

New polypropylene plant in Texas to relieve momentary shortage but later add to glut

Sep 15, 2020

Braskem announced on Sep. 10 the start of its new one-billion-pounds-per-year Texas polypropylene (PP) line that while it will relieve momentary tightness in the North American market, may aggravate longer-term conditions of oversupply and negative demand...

U.S. LNG exporters face adverse market in 2020 but outlook to improve

Aug 31, 2020

U.S. LNG exporters faced an adverse market in 2020 as contract customers paid to reject cargoes rather than take them amid sharply lower spot prices caused by a supply glut, but demand will begin to improve.

U.S. petrochemical plants see higher polyethylene demand and prices four months into pandemic

Aug 18, 2020

Polyethylene prices saw in July gains for two consecutive months with additional price increases sought for August. Meantime, petrochemical consumption demand recovery related to automotive and durables, as well as for fuel-related products like methanol,...

Germany-based specialty chemicals producer LANXESS seeks acquisition targets in U.S.

Aug 4, 2020

The U.S. presence of specialty chemical company LANXESS AG includes 18 productions sites and five other locations. Its LANXESS Corporation subsidiary has headquarters in Pittsburgh, Pennsylvania.

Covid cases at Shell, Daelim backing out in Ohio slow Northeast chemical hub development

Jul 21, 2020

Only about 3,700 construction workers were at Shell’s site as of mid-July down from 8,000 in early March, and the timeline to add more workers looked uncertain. As for PTTGC, the Thai company will face very different market conditions compared to those that...

Braskem’s new hub helps consolidate southeast ports role to diversify resin supply chain risk

Jun 23, 2020

Braskem’s selection of Port Charleston for its new polypropylene export hub helps consolidate U.S. southeast ports as the alternative ocean shipping option for Gulf Coast resin producers that want to diversify supply-chain risk