Commodity market analytics

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30 January, 2023

Eastman Q4 income falls

MOSCOW (MRC) -- US-based specialty chemicals producer Eastman reported a sharp decline in Q4 net income because it reported fewer one-time benefits and a decline in sales, said the company.Income fell...

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30 January, 2023

ExxonMobil moves forward with largest renewable diesel facility in Canada

MOSCOW (MRC) -- ExxonMobil announced its majority-owned affiliate, Imperial Oil Ltd, will invest about USD560 million to move forward with construction of the largest renewable diesel facility in Cana...

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30 January, 2023

Hexpol posts higher earnings

MOSCOW (MRC) -- Hexpol (Malmo, Sweden), a polymer compounder, says net profits in the fourth quarter of 2022 grew by 40% year on year (YOY) to 624.0 million Swedish kronor (USD60.5 million) on sales u...

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30 January, 2023

Olin announced Q4 2022 results

MOSCOW (MRC) -- Olin Corporation announced financial results for the fourth quarter ended December 31, 2022, said the company.Fourth quarter 2022 reported net income was USD196.6 million, or USD1.43 p...

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30 January, 2023

Venezuela restarts largest refinery catalytic cracker after eight weeks

MOSCOW (MRC) -- Venezuela's state oil company PDVSA on Friday restarted the fluid catalytic cracker (FCC) of its 645,000 bpd Amuay refinery, the country's largest, following an outage that halted oper...

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30 January, 2023

Roehm innovation center opens in Connecticut

MOSCOW (MRC) -- Roehm announced the opening of its flagship Innovation Center. This “Center of Excellence” is equipped with a state-of-the-art materials development laboratory, featuring advanced proc...

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30 January, 2023

Russian gasoline to be sent to Pakistan as EU import ban looms

MOSCOW (MRC) -- Independent Russian oil refiner Forteinvest has clinched a deal that will see Russian gasoline sent to Pakistan by land for the first time, two industry sources said on Friday, as Russ...

#petrochemistry #Russia #news #petroleum products #crude oil #BASF #MRC #petroleum #Siraya neft +Add all tags to filter

30 January, 2023

Shin-Etsu Chemical nine month results climb

MOSCOW (MRC) -- Shin-Etsu Chemical, a Japanese chemical maker, reported that its nine-month net income attributable to owners of parent climbed 63.8% to 578.52 billion yen from last year's 353.14 bill...

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30 January, 2023

Trinseo announced Q4 net loss

MOSCOW (MRC) -- Trinseo said it expects a net loss from continuing operations of $367m-362m, which includes a pre-tax, non-cash goodwill impairment charge of USD297m related to its PMMA business and A...

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27 January, 2023

Dow outlines targeted actions to deliver USD1 bn in cost savings in 2023

MOSCOW (MRC) -- Dow Inc. outlined a series of targeted actions aligned to its previously stated plan to achieve USD1 bn in cost savings in 2023, said the company.The proactive actions will further opt...

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27 January, 2023

Technip Energies signs two MoUs for energy transition projects in Canada

MOSCOW (MRC) -- Technip Energies announced signing two separate MoUs, one with PCL Industrial Management Inc. and another with Capital Engineering, to work collaboratively on efforts associated with e...

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27 January, 2023

Imperial Oil to invest USD539 mln for renewable plant in Canada

MOSCOW (MRC) -- Imperial Oil Ltd said on Thursday that it plans to invest CD720 mln(USD538.64 mln) to construct a renewable diesel facility near its Strathcona refinery at Edmonton, Canada, said Reute...

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27 January, 2023

Sherwin-Williams Q4 earnings rise 41%

MOSCOW (MRC) -- Sherwin-Williams’ Q4 earnings before interest, tax, depreciation and amortisation (EBITDA) rose 41% year on year to USD752 mln, with sales rising at a faster pace than cost of sales, t...

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27 January, 2023

Cabot to invest in conductive carbon additives at Texas plant

MOSCOW (MRC) -- Cabot Corporation announced that it plans to add conductive carbon additives (CCA) capacity in the United States to enhance its leadership position in the market and support the transi...

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27 January, 2023

Axalta releases fourth quarter and full year 2022 results

MOSCOW (MRC) -- Axalta Coating Systems Ltd., a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2022, said the company.Fourth qu...

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27 January, 2023

Board of Petrobras approves Prates as next CEO

MOSCOW (MRC) -- The board of directors of Petrobras approved former Senator Jean Paul Prates as the firm's chief executive, marking a strategic shift for the state-run Brazilian oil company, as per Re...

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27 January, 2023

Topsoe enters agreement with Steeper Energy to introduce complete waste-to-biofuel solution

MOSCOW (MRC) -- Topsoe, a global leader in carbon emission reduction technologies, and Steeper, a pioneer within biomass conversion technologies, have today signed a global licensing agreement for a c...

#petrochemistry #news #bioplastics #petroleum products #crude oil #Haldor Topsoe #MRC #petroleum #Siraya neft +Add all tags to filter

27 January, 2023

Chevron 5th and 6th cargoes of Venezuelan oil soon to depart

MOSCOW (MRC) -- Two tankers chartered by Chevron Corp are loading Venezuelan heavy crude at the South American country and should depart in coming days for the United States, according to shipping doc...

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27 January, 2023

Spolana to modernise sulphuric acid production

MOSCOW (MRC) -- Spolana on Thursday announced a koruna (Kc) 1bn (USD45.6m) project to modernise it sulphuric acid production over the next three years, said the company.Main benefits would include inc...

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