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EVENTS
September 11, 2023
LyondellBasell to Close Oldest PP Unit Amid Market Challenge...
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 of annual resin capacity. The unit which has been operating since 2002 is the oldest to us...
EVENTS
September 07, 2023
PGP Monomer Market Faces Upward Pressure as Key Facilities G...
The PGP monomer market is bracing for a turbulent period as several key Petrochemical facilities have gone offline, affecting the Polypropylene supply chain and putting upward pressure on prices. Here's a breakdown of the current situation. Spot PGP ...
EVENTS
August 25, 2023
DuPont Sells a Majority Stake, Continuing its Long History o...
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 Delrin acetal homopolymer unit to private equity firm TJC. The deal, which values the Delri...
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 $700 million federal pandemic loan three years ago, the company is expected to file for ba...
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 facility can process 35,000 barrels of propane daily, producing 1.65 billion pounds of polymer g...
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