Petrochemicals

Venezuela-owned, U.S.-based refiner CITGO posts best earnings ever, gets safety recognitions; ICIS Petrochemical Index records price collapse

Aug 21, 2022

News Briefs

Apprenticeship programs help petrochemical companies select workers in tight market

Jun 21, 2022

Downstream oil and gas companies including BASF, one of the three biggest petrochemical producers, have organized apprenticeship development programs to select and professionally develop workers in the current tight North American labor market.

U.S. chemical producers project 2022 may be the best year in a decade

Jun 21, 2022

Chemical companies may enjoy in 2022 results unseen for many years due to strong demand for chemical products as manufacturers rebuild inventories, according to a June 6 report by the U.S. American Chemistry Council (ACC) that groups the biggest petrochemical...

Dow sees turnarounds supporting polyethylene price increases back to October peaks

Apr 24, 2022

Dow, the Michigan-based leading petrochemical producer, wants price increases for its polyethylene resin in both April and May that if buyers accept would not just help pay costly turnarounds but also take prices back to the October peaks territory.

Efforts to produce bio-naphtha for petrochemical plants feedstock grow with light olefins demand

Feb 22, 2022

Honeywell said that in partnership with Italy´s Eni it has developed a bio-naphtha that may replace some hydrocarbon-derived naphtha feedstock.

U.S. Gulf Coast lost construction jobs as oil and gas investment slowed

Jan 24, 2022

U.S. construction investment in oil, gas fields and pipelines contracted 4% in January-November 2021 from a year earlier, according to data shared by the U.S. Associated General Contractors of America (AGC) in January.

U.S. EIA sees 2022 crude oil prices below 2021 peaks

Dec 19, 2021

The U.S. Energy Information Administration expects for 2022 lower crude oil prices compared with the highs for 2021 seen in November and projects an average price for next year at about $70 per barrel.

Tire producers work on finding more uses for nearly a billion units discarded annually after end of road wear

Nov 23, 2021

Tire manufacturers have intensified in recent years efforts to make their industry more sustainable by searching how to reduce waste at the end of the product’s road life, by cutting down on carbon, and in a particular case by testing a prototype of a...

Brazilian group sees 2021 windfall from U.S. plastic resin sales

Nov 23, 2021

Braskem, which had 64% of the Brazilian petrochemical market in the third quarter 2021, an ethylene/polyethylene plant in Mexico and assets acquired over the last decade that make it North America’s biggest polypropylene producer, saw in July-Sept. 2021 its...

S&P, IHS Markit offer more divestment to overcome UK’s competition concerns; U.S. FTC has not issued a complaint

Oct 26, 2021

In the U.S., a spokesperson for antitrust with the Federal Trade Commission said by email on Oct. 22 that while the agency doesn’t comment on proposed mergers, confirm or comment on investigations, it will publish a news release if an investigation leads to a...

Pages