New From PetroChem Wire . . . .
NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.
For more information,
Start-up of Dow’s new cracker “imminent;” PDH still ramping up to full rates
HOUSTON, July 27, 2017 (PCW) -– Dow Chemical on Thursday said the start-up of its new 3.3 billion lbs/yr TX-9 olefins unit in Freeport was “imminent” and would ramp up to full rates in 3Q. Currently, hydrocarbons are being introduced into the unit as part of the start-up activities.
Executives said that company’s 1.65 billion lbs/yr PDH unit at Freeport, which recently returned to service from maintenance, continues to ramp up to full operating rates.
Meanwhile, an 880 million lbs/yr LDPE unit at the Plaquemine facility would be started up in 4Q.
Dow reported 2Q net income of $1.321 billion, down 57.7% from the $3.123 billion seen in the year-ago period. Executives attributed the drop to revenue gained in 2Q 2016 from the Dow Corning ownership restructuring progam.
The Performance Plastics segment reported 2Q sales of $5.1 billion, up from $4.7 billion in 2Q 2016, due to higher volumes sold primarily in EMEA and Asia Pacific. Further price gains were offset by commissioning and startup costs from the new US ethylene unit and derivative facilities. -- Samantha Hartke