Supply Chain & Logistics

Braskem’s management explores whether value higher if company sold in pieces

May 23, 2021

Odebrecht, renamed Novonor in December, and state oil Petrobras, both owners of Latin America’s biggest petrochemical producer Braskem, would realize different company values depending on whether the company is sold as a single asset or in parts, a Braskem...

LyondellBasell CEO sees resin markets tight at least through year’s end

May 10, 2021

LyondellBasell’s CEO Bhavesh Patel said that the strong plastic resin demand and tight market conditions that boosted the company’s first quarter profitability may continue through December.

Crude oil markets to remain highly volatile in 2021 but path to recovery finally visible

Apr 6, 2021

Crude oil producers and downstream companies will continue to demonstrate strong capital discipline and maximum cost control in 2021 but the path to a crude oil demand recovery is finally here, the CEO of oil refiner Par Petroleum, Joseph Israel, told Reuters...

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...