Americas
INVISTA, Plaxica work to commercialize bio-based lactic acid technology
The two companies will work together to develop and commercialize Plaxica’s lactic acid technology, which the companies believe will offer substantial cost and performance benefits to licensees in the polylactic acid and bio-propylene glycol value chains.
US chemical activity index continues upward climb
The index has four primary components, each consisting of a variety of indicators: 1) production; 2) equity prices; 3) product prices; and 4) inventories and other indicators. During July, chemical equity prices were down, while product prices and production were flat, and inventories continued to improve.
BASF, Yara break ground on new ammonia project on Texas Gulf Coast
As part of the project, Yara will build an ammonia tank at the BASF terminal, while BASF will upgrade its current terminal and pipeline assets for the export of ammonia from the new plant.
Louisiana refiner contracts CB&I on $100M project for Tier 3 clean fuels
The scope of work at the refinery in Louisiana includes detailed engineering, procurement, module fabrication and site construction of a naphtha hydrotreater and a revamp of an existing gasoline selective hydrotreater, which uses CB&I's CDHydro and CDHDS technology.
Airgas acquires Weldinghouse, nitrogen services unit of Priority Energy
Weldinghouse is an industrial gas and welding supply distributor that generated more than $19 million in sales in calendar year 2014. Headquartered in Corpus Christi, Texas, Weldinghouse has four locations throughout southern Texas and nearly 40 associates.
US chemical activity shows summer recovery
There were gains in the output of pesticides, synthetic rubber, chlor-alkali, plastic resins, and pharmaceuticals. These gains were offset, however, by declines in the production of organic chemicals, adhesives, acids, phosphates, sulfates, manufactured fibers, other specialties, and fertilizers.
US gasoline demand rises to post-2007 high: API
Gasoline demand rose last month by 3.5% from June 2014 to average over 9.3 million bpd. These deliveries were the highest for any month since August 2007.
Shell to sell Elba LNG stake in Georgia to partner Kinder Morgan for $630M
The Elba liquefaction project is proposed to be constructed and operated at the existing Elba Island LNG terminal near Savannah, Georgia. Kinder Morgan currently owns 51% of the ELC joint venture, while Shell owns the remaining 49% and subscribes to 100% of the liquefaction capacity.
Dow, Olin earn IRS nod for $5B chlor-alkali merger
Dow will separate its US Gulf Coast chlor-alkali and vinyl, global chlorinated organics and global epoxy businesses, and then merge these businesses with Olin in a Reverse Morris Trust transaction.
Dominion contracts GE for two compressor trains at Cove Point LNG project
The project located on the Chesapeake Bay in Lusby, Maryland, will produce about 5.25 MMtpy of LNG when completed in late 2017 and will be the first LNG export terminal on the US East Coast.
- Borouge reaffirms commitment to local manufacturing with new industry supply agreements 1/10
- Update: Turkey's Izmir refinery now expects to restart crude unit in Feb, IIR says 1/10
- Pertamina unit to produce ISCC-certified SAF in 1Q 1/10
- WTO panel largely backs EU in palm oil case against Indonesia 1/10
- Howard Energy Partners acquires ethylene pipeline from EPIC Midstream Holdings 1/10
- U.S. to impose further sanctions on Russian oil fleet and traders 1/10
