Modest reflation in the energy sector should filter through to higher prices for petrochemicals, plastics and other chemicals with energy-related feedstocks, resulting in higher sales, earnings and cash flow, according to Fitch Ratings. […]
Midstreamer extraordinaire Enterprise Products Partners said Tuesday the company has loaded its first two vessels with polymer grade propylene (PGP) for export at the Enterprise Hydrocarbons Terminal (EHT) along the Houston (Texas) Ship Channel. The […]
German chemical giant BASF considering the current volatility of raw material prices and economic environment, has postponed its final investment decision regarding construction of a gas (methane)-to-propylene facility at its 25-plant Freeport, Texas, complex. “On-purpose […]
Thailand-based Indorama Ventures Public Company Ltd. (IVL) said Thursday its Indorama Ventures Olefins subsidiary is acquiring a shuttered ethylene cracker in Lake Charles, Louisiana for an undisclosed price. IVL is taking a 76% interest in […]
The global petrochemicals market, valued at $558.61 billion in 2013, is anticipated to reach $885.07 billion by 2020, expanding at a compound annual growth rate (CAGR) of 6.8% from 2014-2020, a new study projects.
Since petrochemicals are used in various end-use industries such as construction, automobile and packaging, growth in these end-use industries is one of the major factors driving the global petrochemicals market, according to Transparency Market Research’s “Petrochemicals Market – Global Industry Analysis, Size, Share, Growth, Tends and Forecast 2014-2020.” […]