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,...

Covid-19 impact to hike turnaround contractor costs in 2021, 2022

Aug 4, 2020

Availability became plentiful immediately after the pandemic hit in 2020 due to multiple turnaround and construction postponement turning the contractor business into a buyer’s market. Yet the delays may lead to a bottleneck into the coming years.

ICIS buys CDI, increases workforce by 15% as others cautious ahead of complex 2021

Jul 21, 2020

ICIS moves contrast with cautiousness at S&P Global Inc., owner of Platts, another provider of energy and petrochemical price assessments. Platts froze hiring on concern 2021 would test the financial health of subscribers. The acquisition is the latest...

Long delayed polyethylene units in U.S. Gulf Coast set to start up but timing won't help

Jul 7, 2020

South Africa-based Sasol will put online by September a 420,000-tonne long-density polyethylene (LDPE) unit in Lake Charles, Louisiana while Taiwan-based Formosa should be on the final stages of completion of a 400,000-tonne LDPE plant it had intended to...

Alberta’s economic recovery plan to promote petrochemicals

Jun 9, 2020

Alberta is already home to Canada’s largest petrochemical manufacturing industry. Petrochemicals make up a C$16 billion industry in Alberta that directly or indirectly employs over 30,000 people, according to the province's Ministry of Natural Gas and...

New online Insight Hub revealed to increase intelligence resources for downstream decision makers

Apr 15, 2020

Following their acquisition by Thomson Reuters in October 2019, Petrochemical Update, the team behind the world’s leading downstream event, are making their incredible insights and analysis collections available for free in a new industry intelligence hub

Whitepaper: North America & Beyond - 2020 Downstream Market Outlook

Oct 14, 2019

Released today, the hotly anticipated North America & Beyond - 2020 Downstream Market Outlook Report is now available for you to download.

Downstream companies launch diversity recruiting campaigns

Oct 2, 2019

With nearly half of the downstream industry’s worker base on track to retire by 2035, hundreds of thousands of women and minorities will help fill the ranks through the next decade and beyond.