Latest Petrochemical Stories

HOUSTON, March 4, 2013 /PRNewswire/ -- Prices for ethylene, the raw material for many consumer goods made from plastic, declined in early February from the eight-month peak reached in late January and then plateaued signaling a potential improvement in profit margins for manufacturers heading into Spring, according to the chemical industry report, PetroChem Wire (PCW). U.S. ethylene prices fell from nearly 68 cents per pound on January 28 to 61.75 cents by February 12 before...

HOUSTON, Feb. 26, 2013 /PRNewswire/ -- Prices for the plastic used to make plumbing pipes have shot up in February and are set to rise again in March as supplies become strained and raw-material costs increase, according to the chemical industry report, PetroChem Wire. Some other plastics saw their prices decline in a month that produced no clear direction in price trends. Polyvinyl chloride, more commonly known as PVC, saw prices rise by 5% during February due to some lack of...

WASHINGTON, Feb. 20, 2013 /PRNewswire-USNewswire/ -- The American Fuel & Petrochemical Manufacturers (AFPM) today announced the hiring of Sarah Magruder Lyle as Vice President of Strategic Initiatives. Lyle will serve as a valuable resource in developing and executing strategic outreach initiatives. (Logo: http://photos.prnewswire.com/prnh/20120125/MM41823LOGO) "Sarah is a welcome addition to the AFPM team," said AFPM President Charles T. Drevna. "Her years in Washington have...

DUBAI, UAE, February 18, 2013 /PRNewswire/ -- Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) has signed a financing package to construct a green field US$ 1.2 billion urea fertilizer project in Port Harcourt, Nigeria. The IEFCL project will play a large role in addressing critical Nigerian and West African requirement for economically priced fertilizers. (Logo: http://photos.prnewswire.com/prnh/20130218/594830-a ) (Photo:...

HOUSTON, Feb. 18, 2013 /PRNewswire/ -- The board of directors of Westlake Chemical Corporation (NYSE: WLK) declared on Friday, February 15, 2013, a regular quarterly dividend of 18.75 cents per share. The dividend will be payable on March 15, 2013, to stockholders of record on March 1, 2013. This is the 34(th) successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004. Westlake Chemical Corporation (WLK) Westlake...

ALBANY, New York, February 18, 2013 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Global Sorbitol Market - Isosorbide, Propylene Glycol, Glycerol & Other Downstream Opportunities, Applications (Toothpaste, Vitamin C, Sweetener etc.), Size, Share, Growth, Trends and Forecast, 2012 - 2018," sorbitol demand was 1,699.7 kilo tons in 2011 and is expected to reach 2,148.9 kilo tons in 2018,...

LONDON, Feb. 12, 2013 /PRNewswire/ -- Prices in the $3-trillion-plus global petrochemicals market climbed 6% to $1,425 per metric ton (/mt) in January, according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI), a benchmark basket of seven widely used petrochemicals. This follows a 2% increase in December. On a year-over-year basis, petrochemical prices were up 12% from the January 2012 average price of $1,270/mt, according to data published...

WASHINGTON, Feb. 4, 2013 /PRNewswire-USNewswire/ -- The American Fuel & Petrochemical Manufacturers (AFPM) today announced the hiring of Joanne M. Shore as Chief Industry Analyst. Shore will serve as a valuable resource in developing assessments of how various regulations as policies will impact fuel and petrochemical manufacturers and American consumers. (Logo: http://photos.prnewswire.com/prnh/20120125/MM41823LOGO) "We are glad to have Joanne as a part of the AFPM team," said...

DES PLAINES, Ill., Jan. 30, 2013 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that its UOP Oleflex(TM) process technology has been selected by China's Longgang Chemical Co. to produce key ingredients for fuels and synthetic rubber. Honeywell's UOP C(4) Oleflex process will be used to convert refinery-derived isobutane to isobutylene, a valuable petrochemical used in the production of fuels and synthetic rubber. This is UOP's second C(4) Oleflex...

Global experts in phenol and acetone business will gather at CMT’s 10th Phenol/Acetone & Derivatives Markets Summit in Bangkok to explore strategic growth options amidst tough business climes. Bangkok, Thailand (PRWEB) January 29, 2013 Setting the backdrop and present market fundamentals, Prasenjit Kumar Basu, Managing Director & Regional Head of Research & Economics, Kim Eng Securities Pte Ltd., will explore the current trends in global economic outlook and its impact on...