Petrochemicals

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...

Shell sees its future with fewer, more integrated refineries yielding renewable fuels, hydrogen

Nov 18, 2020

Royal Dutch Shell, hit by a $17.7 billion loss in the first nine-months of 2020 as Covid-19 slashed demand, will downsize to six refining-chemical integrated “parks” as part of a transition to lower carbon emission products.

Alberta government seeks investment in petrochemicals and hydrogen; Pembina says Alberta incentives may help CKPC

Nov 18, 2020

News Briefs

Fluor changes approach to energy, chemicals EPC contracts ; A&R increases rates; ACC supports Congress approval of Save Our Seas Act; Shell plans layoffs; Vehicle sales down in Sept.

Oct 13, 2020

News Briefs

INEOS, AmSty to build recycling plant; Sasol to start LDPE unit after power restored; Inter Pipeline sells assets for $535 million; Specialty chemical volumes fell in August

Sep 29, 2020

News Briefs

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...

Ineos gets aromatics, acetyl plants in U.S.; petrochemicals vulnerable to capex cuts; automotive railcars rise

Jul 7, 2020

News Briefs

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