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Latest News and Updates
Latest News
EVENTS
September 14, 2023
Two Fresh Force Majeure Declarations Amid Feedstoc...
NOVA Chemicals has declared a force majeure on its Polyethylene resins, including both HDPE and LDPE, produced at its facilities in Ontario, Canada. The announc...
EVENTS
September 11, 2023
LyondellBasell to Close Oldest PP Unit Amid Market...
LyondellBasell is slated to close one of its two Polypropylene (PP) units in Brindisi, Italy by the end of the year. This will remove around 500 million pounds ...
EVENTS
September 07, 2023
PGP Monomer Market Faces Upward Pressure as Key Fa...
The PGP monomer market is bracing for a turbulent period as several key Petrochemical facilities have gone offline, affecting the Polypropylene supply chain and...
EVENTS
August 25, 2023
DuPont Sells a Majority Stake, Continuing its Long...
Dupont Sells a Majority Stake in its Delrin Acetal Business, continuing its long History of DivestituresDuPont has announced the sale of an 80.1% stake in its D...
REPORTS
August 07, 2023
Resilience in the Petrochemical Industry
The plastics and petrochemicals industry are navigating a transformative era, marked by innovation, collaboration, and resilience. First, many companies are loo...
EVENTS
August 02, 2023
The Largest Trucking Bankruptcy in U.S. History
Yellow, a prominent American freight carrier, is facing an imminent shutdown, marking a significant moment in the nation's freight history. Despite receiving a ...
EVENTS
August 01, 2023
A New Era in PGP Production in Texas
Enterprise Products Partners L.P. has announced the commencement of its second propane dehydrogenation (PDH) plant, PDH 2, in Chambers County, Texas. The facili...
REPORTS
July 28, 2023
ExxonMobil Earns 7.9 Billion in Second Quarter 202...
Exxon Mobil Corporation, a leading integrated energy, petrochemical and resin producing company, has announced its Q2 2023 earnings, which amounted to $7.9 bill...
EVENTS
July 13, 2023
NOVA Chemicals and Plastic Energy: A Partnership f...
NOVA Chemicals, headquartered in Calgary, is contemplating a collaboration with Plastic Energy, a chemical recycling firm, to construct a pyrolysis plant in Sar...
EVENTS
July 11, 2023
US Refining Capacity Rises for the First Time Sinc...
The US has seen a rise in refining capacity for the first time since the onset of the COVID-19 pandemic, as reported by the US Energy Information Administration...
REPORTS
July 10, 2023
Sustainability Goals vs Market Realities: The Chal...
The North American plastics recycling industry is feeling the heat as prices for offgrade virgin resins take a downward turn. The increase in production capacit...
EVENTS
July 07, 2023
INEOS Takes Major Step Forward with Acquisition of...
INEOS is set to enhance its Petrochemical portfolio by acquiring TotalEnergies 50% interest in several joint ventures, including Naphtachimie, Gexaro, Appryl, a...
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