Petrochemicals
Dow, Aksa form carbon fiber venture in Turkey
Dow Chemical and Turkey-based Aksa on Tuesday formed a joint venture to manufacture and commercialize carbon fiber and derivatives. Total investment in the project, including third-party investments, is expected to reach $1 billion in five years and create up to 1,000 employment opportunities, the companies said.
North America energy infrastructure outlook holds stable for 2012 - report
The stable outlook is supported by largely contracted revenue streams mitigating price and volume risk, including continuing strong support for renewable power projects through renewable portfolio standards.
Coca-Cola plans to have 100% plant-based bottle
Coca-Cola expects to have a plastic bottle made entirely from plant-based materials ready for commercial use in the next few years as it looks to reduce its reliance on petroleum used in traditional plastic bottles. Coca-Cola believes it can have the plant-based bottle developed by 2015 so that, by 2020, all of its plastic bottles can be using the new material.
Chevron Phillips Chemical plans new Texas ethane cracker for 2017
The company will build a world-scale cracker at its existing Cedar Bayou complex as well as two nearby polyethylene units.
Momentive, UPC form China phenolic resin venture
Momentive Specialty Chemicals and UPC Technology Corp. have now signed a definitive joint venture agreement creating Momentive Union Specialty Chemicals, a venture that will build manufacturing capacity in China to produce specialty phenolic resins.
US shale resources likely to spark manufacturing renaissance through 2025 - PwC
The abundance of shale gas resources could lead a US manufacturing renaissance with economic benefits that include cost savings, greater investments to expand manufacturing facilities and increased levels of employment, according to a new report.
US chemical group sees slow 2012 improvement, led by shale gas
Despite a slowdown in the US economic recovery, the outlook for the nation’s chemicals manufacturing industry is more encouraging, according to the American Chemistry Council’s (ACC) 2011 Year-End Situation and Outlook. The key to the domestic chemical industry’s recovery is access to vast, new supplies of natural gas from previously untapped shale deposits, the council says.
Formosa Petrochemical, CPC in supply deal talks
CPC Corp. is in talks to procure base petrochemicals, such as propylene and ethylene, from Formosa Petrochemical to ensure future supply as a CPC 23-million metric ton-a-year naphtha cracker is set to close in the first quarter for a year-long capacity upgrade, senior executives from the companies said Monday.
DuPont cuts profit outlook on weakening demand
US-based chemicals major DuPont on Friday lowered its 2011 full-year earnings outlook to a range of $3.87-$3.95 earnings per share (EPS), excluding significant items – down from a forecast last month of $3.97-$4.05/share. The projected earnings still represent an 18% to 20% increase from 2010.
Dow to expand Asia-Pacific cellulosic ether output
Dow Chemical says it is planning to expand its cellulosic production capacity, particularly for construction-grade applications, with a geographic focus on the Asia-Pacific region. Decisions regarding the location and capacity of assets will be made upon completion of a feasibility study.
- BASF’s Intermediates division produces entire portfolio of acid chlorides and chloroformates at its Ludwigshafen site using renewable electricity credits 3/23
- LG Chem shuts down 800,000-tpy Yeosu naphtha cracker 3/23
- French Energy Ministry considers increasing oil refining capacity 3/23
- Schneider Electric global study shows energy industry ramping up investment in autonomous operations by 2030 as AI reshapes performance 3/23
- Middle East shock gives Dangote refinery leverage as cheap imports dry up 3/23
- HWI officially opens state-of-the-art Fulton (U.S.) lightweight monolithics facility 3/23
