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Chemical Industry Update

BASF mulls multi-billion dollar Gulf Coast investment in methane-to-propylene complex

Propylene in short supply due to shift to ethane feedstocks drawn from shale gas, IHS Chemical notes
May 9, 2014
Chemical producer BASF is evaluating an investment in a world-scale methane-to-propylene complex on the U.S. Gulf Coast.
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Projected US bulk chemicals output varies across alternative energy price scenarios

April 30, 2014
Projected bulk chemicals production is quite sensitive to alternative assumptions regarding long-term oil prices and domestic oil and natural gas resources.
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ExxonMobil Chemical opens synthetic base stocks production plant in Texas

April 18, 2014
ExxonMobil Chemical has opened a new manufacturing facility that will allow the company to produce up to 50,000 tons of SpectraSyn Elite metallocene polyalphaolefin (mPAO) synthetic lubricant base stocks annually.
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Montana bio-based chemical startup secures investment to start production

April 15, 2014
The capital will allow Rivertop Renewables to expand its production of chemicals, like detergents and corrosion inhibitors, manufactured entirely from natural plant sugars.
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New US petrochemical projects in need of skilled workers

April 8, 2014
Approximately 90,000 new workers will be needed next year as a number of major chemical projects are set to break ground in 2015.
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Chevron Phillips Chemical starts work on $6 billion petrochemical complex

April 7, 2014
The petrochemical complex will include an ethane cracker with a capacity of 1.5 million metric tons per year at the Cedar Bayou facility in Baytown, Texas.
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Demand for ethylene to rise 150% by 2040, Exxon president says

March 28, 2014
Global demand for ethylene will soar between 2010 and 2040, driven by rising needs for consumer products, according to ExxonMobil President Steve Pryor.
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Pulcra Chemicals plans $3.1 million investment in South Carolina

March 14, 2014
German specialty chemicals supplier Pulcra Chemicals will invest $3.1 million to expand its manufacturing operation in York County, S.C.
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Solvay, Mississippi torrefaction company announce JV to produce biomass

March 14, 2014
The new facility will be located in Quitman, Miss., and will produce torrefied biomass -- a product that can be used as a fully sustainable alternative to coal.
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EU chemical industry on the verge of collapse, Ineos boss warns

March 11, 2014
The European chemical industry is in grave danger and a large part of it might close down within the next 10 years, Jim Ratcliffe, chairman of chemical giant Ineos, has warned.
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