FlexPO2005 Rescheduled for March 15-17, 2006 in Singapore – Mark Your Calendars We greatly appreciate the continued patronage of FlexPO2005. The program scheduled for September, 21-23, 2005 in Galveston, Houston, TX had to be re-scheduled due to hurricane Rita – an act of God, or God’s middle managers. We are rescheduling the program to…
BP’s olefins & derivatives unit, Innovene to be acquired by INEOS BP announced its plans to sell Innovene, its olefins, derivatives, and refining group, to UK-based INEOS. The $9 billion cash sale, subject to regulatory approvals, includes all of Innovene’s manufacturing sites, markets, and technologies. The sale is expected to be concluded early in…
Polyolefin producers announce third-quarter earnings Dow Chemical Dow Chemical reported third-quarter earnings under which it stated that the sales for the three months ended September 30 set a new third-quarter record of $11.3 billion, 12% higher than the same period in 2004. Net income rose 30% to $801 million, while earnings per share were…
Westlake announces third-quarter earnings Westlake Chemical Corporation reported a net income of $43.5 million and income from operations of $70.1 million on net sales of $605.4 million for the third quarter of 2005. This compares favorably with the third quarter 2004 net income of $28.3 million and income from operations of $68.9 million on…
Titan to undergo expansions – adding polypropylene and metathesis unit Titan Chemicals is investing $158 to expand its petrochemical complex in the southern Malaysia state of Johore, a company. The company plans to build a 100 KT/year butadiene plant, a new metathesis unit to produce at least 115 KT/year of propylene, and a second…