Americas
Plastics compounder A Schulman sees increased buying from Europe
US-based plastics compounder A. Schulman said Friday that it expects to report earnings of about $58 million for its fiscal year ended August 31, up from prior projections of between $50 million and $52 million of adjusted net income for the year.
US chemical group praises House bill to delay EPA boiler emissions rules
The Society of Chemical Manufacturers and Affiliates (SOCMA) on Friday commended the US House of Representatives for passing the EPA Regulatory Relief Act of 2011, thereby providing the agency with more time to re-propose key rules affecting SOCMA members, the group said.
Dow lauds US Congress for free trade agreements
Dow Chemical on Thursday congratulated the US House and Senate for passing the US-Colombia, South Korea and Panama Free Trade Agreements (FTAs). “This is an historic step forward for the US and our economy, as America has now made great strides in re-establishing its commitment to open trade, global markets and leadership on high-standard trade agreements," said CEO Andrew Liveris.
Global economic woes to curtail oil demand - report
Despite this month's recovery in crude oil markets, apparently driven by rising hopes for a plan to address the European debt crisis, global credit-watch firm Fitch Ratings said it sees the potential for global demand conditions to soften further over coming weeks as concerns over the outlook for the global economy mount.
ADM orders three ocean vessels for bulk shipping
US-based agribusiness major Archer Daniels Midland (ADM) has placed an order with Japan’s Sumitomo Corp. for the construction of three new post-Panamax dry-bulk oceangoing vessels, which will increase the size of ADM’s oceangoing fleet to 11 vessels.
ExxonMobil picks Technip for engineering on Texas lubricant base stock plant
ExxonMobil Chemical has selected Technip for engineering and management services on its grassroots lubricant base stock facility to be built at ExxonMobil’s integrated refinery and chemical plant complex in Baytown, Texas.
GE expands North America shale footprint, invests in Summit Midstream
GE Energy Financial Services, a unit of GE, is expanding its oil and gas footprint by investing in Summit Midstream Partners, which acquires and develops midstream energy infrastructure in unconventional North American production basins.
Houston gas processors hype shale at annual meet
The Houston chapter of the Gas Processors Association (HGPA) held its annual meeting on October 11 at the Pine Forest Country Club, complete with breakfast, presentations by industry executives, lunch, and an afternoon golf tournament. Shale gas development and new midstream projects were heavy focuses at the meeting, which drew more than 180 attendees.
IEA cuts global oil demand forecast for 2011, 2012
The International Energy Agency (IEA) on Wednesday again revised down its forecast for global oil demand in 2011 and 2012 amid lower projections for global gross domestic product (GDP) growth.
Thailand's PTT Chemical to buy 50% stake in bioplastics firm NatureWorks
PTT Chemical is buying from Cargill a 50% stake in NatureWorks, a leading bioplastics manufacturer and supplier of renewable Ingeo biopolymers made from plants to global plastics and fibers markets. PTT will pay $150 million for its 50% part in the venture, it said.
- Indonesia expects EU to adjust palm oil biofuel stance after EU ruling 1/17
- First-ever ammonia and propane co-loaded vessel completes voyage from U.S. to Europe 1/17
- China's vast refining sector faces shakeout as fuel demand peaks 1/17
- Oman Oil Marketing Co. and TFG Marine establish bunker fuel supply JV 1/17
- Beware Egypt's smokestack onshoring as cement exports surge 1/17
- Petrobras reports record high refinery output in 2024 1/17
