Supply Chain & Logistics

February’s winter weather event in U.S. Gulf Coast pushes prices higher, creates backlogs

Mar 24, 2021

Automobile producers have announced North American production cuts related to the Gulf Coast winter storm of mid-February in just one of multiple impacts across different markets mostly centered around higher prices, according to a report released by Wood...

Pemex and Cenagas restart gas, ethane flows to Braskem Idesa after signing of documents

Mar 10, 2021

Braskem Idesa officials signed with Mexican state oil company Pemex and the National Center for Control of Natural Gas, known as Cenagas, an accord that brought back natural gas supplies to its ethylene/polyethylene complex in Veracruz that had been abruptly...

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...

Venture of Total, OMV-owned Borealis to start Texas cracker in Q1 2021, PE line in Q1 2022

Feb 9, 2021

Baystar, a Total and Borealis venture, will start by the end of March its new Port Arthur ethane cracker with over a million-tonnes-per-year capacity while the new 625,000-tonne per year polyethylene unit in Pasadena will start by March 2022, a spokeswoman...

ExxonMobil cuts 2021 capital expenditure but will finish Corpus Christi plants ahead of schedule

Feb 9, 2021

ExxonMobil slashed capital expenditures for 2021 but despite such massive cuts it has pushed forward its ethane cracker, polyethylene and mono-ethylene glycol chemical complex in Corpus Christi, Texas set to be ready before the end of the year, ahead of the...

Petrochemicals demand in 2021 seen supported by low inventories, broader economy reopening

Jan 12, 2021

Demand in 2021 for plastic resins including polyvinyl chloride and polyethylene may see support from low inventories in the first months and from a broader economy reopening later in the year as immunization efforts increase, paving the way for an rise in...

U.S. ethylene exports to China soar despite Covid-19, trade war

Dec 13, 2020

U.S. exports of ethylene, the petrochemical industry’s main building block, expanded fourfold during the first months of the pandemic showing that in spite of a trade war and Covid-19 some exports thrived, said Saad Rahim, chief economist at Trafigura.

Recycling industry challenged by pandemic, fragmentation, price opacity

Dec 1, 2020

Falling crude oil prices during to the pandemic drove down virgin plastic resins prices and made recycled plastic comparatively more expensive, adding to challenges the recycling industry has long faced such as industry fragmentation and a lack of price...

Most refineries that shut in 2020 may only reopen as terminals, renewable plants

Nov 18, 2020

Expectations for a slow post-pandemic fuel demand recovery, which already shut down two million barrels per day of refining capacity in 2020, will limit owners options in the future.