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The Chemical Reaction – week in review (vol. 1)
Report summary
ExxonMobil targets to starts-up new USGC cracker in mid-2018. Phillips66 clarifies more details of next proposed US chemical investment. Formosa announces more details of future “Sunshine Project” in Louisiana. LyondellBasell Q1 earnings call highlights risks to the ethylene chain. Strong caustic market now experiencing geo-political risks. HIG Acquires Elekeiroz from Itausa in Brazil. Saudi Aramco adds board members from the chemical industry. Methanex chooses Louisiana for their 3rd potential US plant.
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