LyondellBasell

Dow to cut 2,000 jobs citing 2023 challenges to profit; LyondellBasell separately reports margin improvements as some new resin capacity sees slow start

May 10, 2023

Dow, one of the world´s biggest petrochemical companies and based in Midland, Michigan, has resorted to the elimination of 2,000 positions this year as the company faces challenges including the consequences of lower polyethylene profit margins in 2023...

U.S. polyethylene increasingly pushed out as exports after shipping constraints eased

Mar 6, 2023

U.S. polyethylene producers have since late last year and into the first quarter of 2023 been seeking out export markets in a way that had not been done during the pandemic and post-pandemic periods, following the easing of shipping and supply chain problems...

Plastic resin prices in Mexico hit two-year low in Jan. 2023 but seen finding support after U.S. Dec. weather event

Jan 9, 2023

Prices offered by distributors in Mexico for pellets made by the biggest U.S. Gulf Coast plants for the most traded plastic resin, polyethylene, showed in the first week of January the lowest levels in about two years, but there was support after the freezing...

Mexican plastic resin market sees plunging prices as U.S. imports surge with new capacity

Sep 27, 2022

The Mexican packaging material market has seen sharp price declines as of late September compared with the start of the year for polyethylene and polypropylene, two of the most traded hydrocarbons-derived products.

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...

North American polypropylene market to see two startups, challenged demand in 2022

Jun 7, 2022

North American polypropylene producers won´t see this year a repeat of 2021, when stronger-than-expected demand as the pandemic eased after vaccines met extreme supply tightness. This year is different not just because of startups in Louisiana and Canada that...

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