HOUSTON (ICIS) – ICIS News Top Stories for the week ending 21 October.
Canada’s NOVA moves new PE plant start-up to first half
NOVA Chemicals has postponed the planned start of a new polyethylene (PE) plant to the first half of 2023.
US PE stocks drop sharply as port restrictions ease – Dow CEO
U.S. polyethylene (PE) stocks are expected to decline as logistical constraints ease for U.S. ocean-packed shipments, allowing more exports, the Dow chief executive said on Thursday.
Interview: Chemical Recycling Keeps Momentum Amid Recession – Nexus CEO
Chemical recycling of plastics is set to maintain its momentum despite a tougher economic outlook, but mechanical recycling could take a hit, says a US-based Put Nexus Circular CEO said.
US Trinseo warns of third-quarter net loss, considers more plant closures
U.S.-based engineering materials and styrenic manufacturer Trinseo is considering further closures after it warned Tuesday it would report a third-quarter net loss.
U.S. homebuilder confidence drops for 10th straight month
U.S. builder confidence in the new single-family home market fell for the 10th straight month in October as the market continued to weaken amid rising mortgage rates, the National Association of Home Builders (NAHB) said. , said.
Interview: Caldic/Connell Merger Creates Global Leader in Specialty Distribution – Advent
The planned merger between Europe- and America-focused Caldic and Asia-focused Connell will create a €3 billion global investment in specialty raw materials and chemical distribution tapped into high-growth emerging markets. A leader is born, said a senior executive at Caldic owner Advent International.
US Chemours Commences TiO2 Mineral Sands Mine
Chemours has launched a mineral sands mine that will provide the raw material needed to make titanium dioxide (TiO2), Chemours, the US-based producer of pigments and fluorine materials, said Monday.