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href="/en/commodities/biofuels-and-feedstocks">Biofuels and feedstocks</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/ammonia">Ammonia</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/hydrogen">Hydrogen</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/battery-materials">Battery materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/products/argus-biomass-markets">Biomass</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/electric-power">Electric power</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">Chemicals</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/chemicals">Chemicals overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/methanol">Methanol</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/polymers">Polymers</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/light-olefins">Light olefins</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/heavy-olefins">Heavy olefins</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/aromatics">Aromatics</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/octane-blending">Octane blending</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/chlor-alkali">Chlor-alkali</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/polyurethanes">Polyurethanes</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/oleochemicals">Oleochemicals</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">Fertilizers</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/fertilizers">Fertilizers overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/ammonia">Ammonia</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/nitrogen">Nitrogen</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/npks">NPKs</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/phosphates">Phosphates</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/potash">Potash</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/sulphur-and-sulphuric-acid">Sulphur and sulphuric acid</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/sustainable-and-specialty-fertilizers">Sustainable and specialty fertilizers</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">Metals</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/metals">Metals overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/steel">Steel</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/steel-raw-materials">Steel raw materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/battery-materials">Battery materials</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/specialty-and-minor-metals">Minor metals</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/rare-earths">Rare earths</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/alloys">Alloys</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/scrap">Scrap</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/pipe-and-tube">Pipe and tube</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/commodities/base-metals">Base metals</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/commodities/agriculture">Agriculture</a></li></ul></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Industries</button><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries">Industries overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/freight">Freight</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/upstream-oil-and-gas">Upstream oil and gas</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/oil-refining-and-distribution">Oil refining and distribution</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/biofuels-production">Biofuels production</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/aviation">Aviation</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/petrochemicals">Petrochemicals</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/natural-gas-and-power-distribution">Natural gas and power distribution</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/power-generation">Power generation</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/mining">Mining</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/industries/industrial-manufacturing">Industrial manufacturing</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a 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href="/en/solutions/analytics-and-forecasting/long-term-analytics">Long term analytics</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/analytics-and-forecasting/argus-forward-curves">Forward curves</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/analytics-and-forecasting/data-science-and-machine-learning">Data science and machine learning</a></li></ul></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions/consulting-projects">Consulting projects</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/solutions/business-intelligence-reports">Business intelligence reports</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><button class="cta MainNavigation_secondaryLink__dWmVz">How we deliver</button><ul class="MainNavigation_tertiaryList__5v6Ig qa-nav-3rd"><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver">How we deliver overview</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/client-portal">Client portal</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/argus-data-science-studio">Argus Data Science Studio</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/argus-open-markets">Argus Open Markets</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" target="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/products/argus-spot-ticker">Argus Spot Ticker</a></li><li class="MainNavigation_tertiaryItem__JMSfK qa-nav-3rd-items"><a title="" class="cta MainNavigation_tertiaryLink__nq_tc" href="/en/solutions/how-we-deliver/channel-partners">Channel partners</a></li></ul></li></ul></li><li class="MainNavigation_primaryItem__myUif qa-nav-primary-items "><button type="button" class="cta MainNavigation_primaryLink__tYxec">Events</button><ul class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/events">Events overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" class="cta 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class="MainNavigation_secondaryList__iQt0k qa-nav-2nd"><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/methodology">Methodology overview</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/methodology/methodologies">Browse Argus methodologies</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/methodology/key-commodity-prices">Key commodity prices</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta MainNavigation_secondaryLink__dWmVz" href="/en/methodology/publishing-schedule">Publishing schedule</a></li><li class="MainNavigation_secondaryItem__b3LkS qa-nav-2nd-items "><a title="" target="" class="cta 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class="col-12 col-lg-6 offset-lg-1"><div class="HeroBanner_titleAndDescription__0Cj9_"><h1 class="qa-banner-title">Heavy olefins</h1><div class="h4 qa-banner-description">Prices, forecasts and analysis for global heavy olefins markets</div></div></div></div></div></div></div></div><div class="component small grey "><div class="component-content"><div class="PageSubnavigation_container__yH3q7 qa-subnavigation-bar container"><div class="PageSubnavigation_outer__ocRn_"><div class="PageSubnavigation_bar__Cf50a"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#news" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Latest news</a><a href="#spotlight" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Spotlight content</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our heavy olefins products</a><button type="button" class="PageSubnavigation_showMore__2Z47G cta ">More</button></div></div><div class="PageSubnavigation_drawer__lxQUi grey " style="left:0px"><div class="container"><div class="PageSubnavigation_drawerInner__Q_bJs"><div class="PageSubnavigation_drawerItems__AwukY"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#news" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Latest news</a><a href="#spotlight" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Spotlight content</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our heavy olefins products</a></div></div></div></div></div></div></div><div class="component component-padding PageIntroduction_pageIntroduction__BoFDD white" id="overview"><div class="component-content"><div class="container"><div class="PageIntroduction_row__DH0rm row"><div class="col-12 col-lg-8"><div class="qa-pageintroduction-section"><h2 class="qa-pageintroduction-title">Overview</h2><div class="PageIntroduction_description__hOYK7"><div class="qa-pageintroduction-textfield">The heavy olefins market is diverse and can be affected by a number of factors.<br /> <br /> Global butadiene production and demand are dominated by northeast Asia. Although the region continues to add both supply and derivative projects, there have been market inefficiencies that have resulted in deep sea imports into the region. Accurate and timely analysis will help producers, consumers and traders navigate these turbulent times. <br /> <br /> The C5 and hydrocarbon resins industry has experienced a fundamental shift in the past few years, going from several acute shortages to a glut of products in the markets. Producers, industrial chemicals companies, chemical distributors, traders and technology providers all need to understand how this will play out, especially in light of new entries into the global market. Argus’ C5 and Hydrocarbon Resins Service is the only global service of its kind.  <br /> <br /> Our experts will help you determine what trends to track and how to stay competitive in today’s ever-changing global markets. </div></div></div></div></div></div></div></div><div class="component component-padding navy " id="news"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-7"><h2 class="qa-combinedfeed-title section-heading">Latest heavy olefins news</h2><p class="qa-combinedfeed-description">Browse the latest market moving news on the global heavy olefins industry.</p></div></div><div aria-live="polite" class="Tabs_tabs__tVXxO secondary"><div class="qa-tabspanel-list Tabs_panel__uEe2n current" role="tabpanel"><div class="row"><div class="col-12 col-lg-6"><a class="qa-combinedfeed-primary-item News_link__TcfaC News_primary__Fop2j white" href="/en/news-and-insights/latest-market-news/2604550-bridgestone-bb-g-versalis-partner-on-tire-recycling"><div class="News_primaryInner__9SOga"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest heavy olefins news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">03/09/24</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr h2 d-none d-lg-block">Bridgestone, BB&G, Versalis partner on tire recycling</h3><h3 class="qa-combinedfeed-item-title News_headline__JsnZr d-lg-none">Bridgestone, BB&G, Versalis partner on tire recycling</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Houston, 3 September (Argus) — Tire manufacturer Bridgestone has signed a joint agreement with BB&G and Versalis to develop a closed-loop tire supply chain. The companies agreed to collaborate on research and technical solutions to scale end-of-life tire (ELT) recycling for the production of new tires. In doing so, they aim to advance pyrolysis technology and market circular polymers for tires. This is part of a push to improve sustainability within the synthetic rubber sector. Technology firm BB&G transforms ELTs into renewable raw products using a thermal conversion process of pyrolysis. It inaugurated a commercial tire pyrolysis oil (TPO) unit, located in Fatima, Portugal, in July 2024. Chemical company Versalis will incorporate BB&G's pyrolysis oil over the next few months into expanding its range of products — including elastomers and polymers — derived from chemical recycling and bio-based feedstocks. With that, Bridgestone in Europe, the Middle East and Africa (EMEA) looks to employ these circular elastomers into manufacturing new tires. The first batch of tires is anticipated in early 2025. "At Bridgestone, we have set a goal of working with 100pc sustainable materials by 2050, and recycling and reusing products is an important part of this," said Bridgestone's EMEA president Laurent Dartoux, which also supports initiatives "on co-creating new and environmentally responsible ways to maximize the complete lifecycle of our tires." By Joshua Himelfarb Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.</p></div><span class="qa-combinedfeed-item-cta cta d-none d-lg-inline-flex">Find out more</span></a></div><div class="col-12 col-lg-6"><div class="News_secondaryGroup__CVF5i"><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2594499-chemical-markets-prepare-for-canadian-rail-strike"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest heavy olefins news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Chemical markets prepare for Canadian rail strike</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">02/08/24</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest heavy olefins news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">02/08/24</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Chemical markets prepare for Canadian rail strike</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Houston, 2 August (Argus) — Chemical industries in North America are bracing for a potential rail strike in Canada, but some markets expect greater impacts than others. Participants across a variety of industries have expressed greater certainty that a rail strike is now likely after momentum for a strike several months prior had fizzled out. The Canadian Industrial Relations Board (CIRB) is making considerations that are due to be posted no later than 9 August, with some market participants expecting a strike to be called somewhere within 72 hours thereafter. The CIRB is evaluating what, if any, materials would be constituted as essential to move even during a strike. Chlorine The chlor-alkali market has raised concerns about a potential strike, with some suppliers of chlorine and hydrochloric acid (HCl) in Canada pushing for a strike to be delayed or for its products to be considered essential. Chlorine and HCl are both used in water treatment, and suppliers have said a prolonged stoppage in rail service without proper considerations for such products could endanger some municipal water supplies. In the lead up to a potential strike, Canadian chlor-alkali producers and their US counterparts positioned close to the Canadian border have been trying to build up buyers' on-site inventories as a precaution. Producers have warned, however, that such contingency plans only work if the strike is not prolonged, as stoppages lasting longer than a few weeks could be problematic. Wildfires across central Canada have been complicating the efforts to ensure downstream inventories, as the fires have encroached on crucial rail lines and delayed or rerouted supply. Polymers In the polymers markets, polyethylene (PE) and polypropylene (PP) producers in Canada, including Nova Chemicals and Heartland Polymers, made advanced preparations for a rail strike back in May. Both companies had moved some inventories in advance to storage warehouses in the US to limit supply disruptions to US customers. In addition to storage on the US side, sources said the Canadian producers were also making plans for storage on the Canadian side so they could continue to operate, even if railcars were no longer moving. As long as a strike would not last more than a few weeks, most market participants said they believed there would be minimal disruption to the overall market. An extended strike would likely result in some shipping delays, but producers on the US side could raise operating rates and potentially help to fill in any supply gaps. Polyvinyl chloride (PVC) customers in Canada had stocked up on supply back in May as well, with minimal concerns of disruption so long as any stoppage did not drag on. Some pipe producers with plants in Canada have also said the need to stock up on inventory has been lessened due to Canada's weaker economy and construction sector. Polystyrene (PS) distributors have been positioning resin supply in the northeast and Midwest to quickly move across the border if need be, but warehouses in Canada were reportedly oversupplied on PS and turning away extra railcars. Recycled polymers market participants indicated that with current low demand and low volume trades, the rail strike will likely lead to more truck usage rather than completely halting trades altogether. Chemicals The butadiene (BD) market reported that a Canadian rail strike would impact cross-border trade flows of feedstock crude C4 and BD into the US. A BD producer in Sarnia, Ontario, primarily delivers BD to US customers in the Midwest — a fact that has prompted some concern from US customers about the impacts of a potential rail strike. Some BD buyers have worried that prolonged disruptions to Canadian volumes could add tightness to the domestic US market, especially in cases where consumers are unable to source volumes from the US Gulf coast. Concerns from the ethylene and aromatics markets were muted, and the isocyanate and polyurethane (PU) markets expressed little concern as most buyers were able to bring supply in by truck. Moreover, the vast majority of supply for the isocyanate chain comes from production in the US Gulf, meaning the majority of any transit would be conducted on lines not impacted by the strike. Methanol market participants also did not express significant concerns. By Aaron May, Michelle Klump, Joshua Himelfarb, Zach Kluver, and Catherine Rabe Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2579177-soaring-freight-costs-hit-latam-polymers-trade"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest heavy olefins news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Soaring freight costs hit LatAm polymers trade</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">18/06/24</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest heavy olefins news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">18/06/24</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Soaring freight costs hit LatAm polymers trade</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Sao Paulo, 18 June (Argus) — Latin American plastic product manufacturers have been facing a significant surge in freight costs from Asia to the Americas since early April, with prices exceeding $10,000 per 40-foot container (FEU) heading into June, compared with approximately $1,170/FEU at the end of March. This high value was reported to Argus by polymer traders in the Manaus Free Trade Zone last week. It is the highest rate reported by market participants in the region. But data collected by Argus shows that average freight rates from Asia to the east coast of South America were between $6,800-$8,000/FEU on 31 May. In the two following weeks, prices hit $8,000-8,500/FEU. The phenomenon is connected to a logistics readjustment following disruptions on major global shipping routes since last year. But the current situation also has a unique cause: electric vehicles imports from China to Latin America. Chinese electric car manufacturers have been taking advantage of available space on vessels traveling the Asia-South America route before an increase in import tariffs on these vehicles. In Brazil, import duties are set to rise in July for all types of electrified vehicles, from 10pc to 18pc for fully electrified cars, from 12pc to 20pc for hybrid cars, and up to 25pc for non-rechargeable hybrid vehicles. This window of opportunity exploited by Chinese manufacturers has overloaded ships on the China-Brazil route, both for cars and containers filled with spare parts and components. Importers of other materials, such as polyethylene (PE) and polypropylene (PP), have been significantly affected. In the case of PP, some importers have stopped importing this resin from China and other Asian countries due to the substantial increase in freight costs. As a result, PP buyers in Brazil and the rest of South America are meeting their needs with material sourced from the Middle East (in Brazil's case) and the US (for countries on the west coast of South America), or from regional producers like Braskem in Brazil, Esenttía in Colombia, Petrocuyo in Argentina, and to a lesser extent, Petroquim in Chile. Logistical Disruptions The current higher maritime freight rates between Asia and South America follow logistical disruptions in two of the world's most important navigation channels, the Panama Canal and the Suez Canal. The Panama Canal faced challenges last year due to severe drought, resulting in a decrease in authorized vessel crossings between the Atlantic and Pacific oceans. The usual 30 transits dropped to around 18 in February. While the situation in the Panama Canal is gradually improving, it has had consequences for commercial flows between polymer producers in Asia and consumers on the east coast of South America, namely Brazil and Argentina. Similarly, disruptions occurred between European producers and consumers on the west coast of South America, like Colombia, Peru, Ecuador and Chile. Another critical maritime trade corridor, the Suez Canal, which connects the Mediterranean Sea to the Red Sea, continues to be impacted by armed actions from military groups. As a result, shipping companies have increasingly preferred the longer route around Africa's Cape of Good Hope, despite the longer distances and significantly elevated freight costs. By Frederico Fernandes Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2553487-ineos-seals-totalenergies-lavera-petchem-deal"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest heavy olefins news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Ineos seals TotalEnergies’ Lavera petchem deal</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">02/04/24</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest heavy olefins news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">02/04/24</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Ineos seals TotalEnergies’ Lavera petchem deal</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">London, 2 April (Argus) — UK-based chemical petrochemical company Ineos has completed the purchase of TotalEnergies 50pc stake in the former joint venture at the Lavera chemical site in southern France with the deal including storage and pipeline assets. Ineos and TotalEnergies originally announced the deal in July 2023. Ineos now completely controls the assets at the complex including Naphthtachimie, which operates a 720,000 t/yr ethylene steam cracker at Lavera that can produce 300,000 t/yr of propylene and 120,000t/yr of butadiene. The acquisition also included the 300,000 t/yr Appryl polypropylene business and the Gexaro aromatics operation with a capacity of 270,000 t/yr, the Gexaro site will continue to be operated by Petroineos. Naphtha storage business 3TC was also included in the deal. Ineos plans to fully integrate the connected assets. Ineos already operated and owned ethylene oxide, polyethylene and oxo-alcohol production at the Lavera site. The company also operates the 207,100 b/d Lavera refinery through its Petroineos 50:50 joint venture with state controlled PetroChina. The deal includes Ineos taking control of southern sections of TotalEnergies' ethylene pipeline network from Lavera to the Lyon region. TotalEnergies previously stated that it did not use its share of ethylene production from the Lavera steam cracker and mainly sold it to Ineos. Ineos operates a PVC plant in the Lyon region under the Inovyn business. TotalEnergies operates the Feyzin cracker in the same area. The deal will allow closer integration between the Feyzin and Carling sites for TotalEnergies, the company said. The northern and central sections of the ethylene pipeline will continue to be jointly owned and remain operated by TotalEnergies. By George Barsted Eastern France ethylene pipelines post-transaction Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/en/news-and-insights/latest-market-news/2551165-vietnam-s-long-son-extends-cracker-shutdown-to-june"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest heavy olefins news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Vietnam’s Long Son extends cracker shutdown to June</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/03/24</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest heavy olefins news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/03/24</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Vietnam’s Long Son extends cracker shutdown to June</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Singapore, 25 March (Argus) — Vietnam's sole cracker operator Long Son Petrochemical (LSP) has extended the shutdown of its cracker and associated downstream units in Ba Ria-Vung Tau to June, to address technical issues. LSP shut its cracker and downstream units on 21 February because of equipment issues. Siam Cement (SCG), the parent company of LSP, subsequently issued a force majeure on products the following day. SCG was initially expecting the cracker to restart in about 2-4 weeks after the shutdown in February. But the firm filed a statement to the Stock Exchange of Thailand (SET) on 22 March, stating that the technical difficulty is still under investigation and the LSP complex is expected to restart in June. LSP's cracker is a mixed feed cracker with a nameplate capacity of 950,000 t/yr for ethylene, 400,000 t/yr for propylene and a 100,000 t/yr butadiene extraction unit. Downstream units are polymer-focused, with a 500,000 t/yr high-density polyethylene (HDPE) plant, a 500,000 t/yr linear low-density polyethylene (LLDPE) unit and a 400,000 t/yr polypropylene (PP) unit. SCG offered spot HDPE, LLDPE and PP supplies from its new LSP complex to the market earlier this year but has ceased offers since late February, after the force majeure announcement. SCG also stated in its statement filed to the SET that its Rayong Olefins (ROC) cracker in Map Ta Phut, Thailand has resumed operations. The producer is expected to ramp up production at its 920,000 t/yr HDPE unit and 720,000 t/yr PP unit in Thailand following the restart of the ROC cracker, and will resume supply of these grades to the market. The ROC cracker was restarted late last week and has achieved on-specification olefins products since then, according to sources close to the company. The cracker was shut for maintenance since mid-November 2023. The ROC cracker has a nameplate capacity of 800,000 t/yr of ethylene and 400,000 t/yr propylene. SCG also owns another cracker at the same site — the Map Ta Phut Olefins cracker with capacity of 1mn t/yr of ethylene and 500,000 t/yr of propylene. Both the crackers are currently operating at near-full run rates. By Yee Ying Ang, Brian Leonal and Toong Shien Lee Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . 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Texas holds the largest share with 27 incidents according to the Coalition to Prevent Chemical Disasters. On average a chemical fire, explosion, or toxic release occurs every two days in the USA.","Category":"Insight papers","CreatedDate":"2024-02-04T12:54:00Z","ImageUrl":"/-/media/project/argusmedia/mainsite/images/14-generic-hero-banners/herobanner_1600x530_generic-c.jpg?rev=2cf023b4e0484c1bb091b9f72dbf7771\u0026hash=758788D9C7DD56077A6B1496BC563018","ExternalLink":null,"ItemUrl":"/en/news-and-insights/market-insight-papers/under-pressure-weather-extremes-take-toll-on-chemicals-industry"},{"Title":"Adiponitrile: Growing supply glut, sluggish demand forces a Texas plant closure","Description":"There have been a number of ups and downs to the adiponitrile market in the last decade. The most recent blow is a closure at a site in Texas. Butadiene expert Angie Joe walks you through the major events that led to this decision.","Category":"Insight papers","CreatedDate":"2024-02-04T10:27:00Z","ImageUrl":"/-/media/project/argusmedia/mainsite/images/14-generic-hero-banners/herobanner_1600x530_generic-c.jpg?rev=2cf023b4e0484c1bb091b9f72dbf7771\u0026hash=758788D9C7DD56077A6B1496BC563018","ExternalLink":null,"ItemUrl":"/en/news-and-insights/market-insight-papers/adiponitrile-growing-supply-glut-sluggish-demand-forces-a-texas-plant-closure"}]},"b8c35964-4f91-4a70-9c65-b0cee88b3c9a":{"data":[{"totalHitCount":105,"hitCount":5,"items":[{"type":"News","datePublished":"2024-09-03T21:52:39Z","headline":"Bridgestone, BB\u0026G, Versalis partner on tire recycling","summary":"Houston, 3 September (Argus) — Tire manufacturer Bridgestone has signed a joint agreement with BB\u0026G and Versalis to develop a closed-loop tire supply chain. The companies agreed to collaborate on research and technical solutions to scale end-of-life tire (ELT) recycling for the production of new tires. In doing so, they aim to advance pyrolysis technology and market circular polymers for tires. This is part of a push to improve sustainability within the synthetic rubber sector. Technology firm BB\u0026G transforms ELTs into renewable raw products using a thermal conversion process of pyrolysis. It inaugurated a commercial tire pyrolysis oil (TPO) unit, located in Fatima, Portugal, in July 2024. Chemical company Versalis will incorporate BB\u0026G's pyrolysis oil over the next few months into expanding its range of products — including elastomers and polymers — derived from chemical recycling and bio-based feedstocks. With that, Bridgestone in Europe, the Middle East and Africa (EMEA) looks to employ these circular elastomers into manufacturing new tires. The first batch of tires is anticipated in early 2025. \"At Bridgestone, we have set a goal of working with 100pc sustainable materials by 2050, and recycling and reusing products is an important part of this,\" said Bridgestone's EMEA president Laurent Dartoux, which also supports initiatives \"on co-creating new and environmentally responsible ways to maximize the complete lifecycle of our tires.\" By Joshua Himelfarb Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2604550"}],"tags":null,"taxonomy":null,"id":2604550,"language":"en-GB","body":null},{"type":"News","datePublished":"2024-08-02T18:46:42Z","headline":"Chemical markets prepare for Canadian rail strike","summary":"Houston, 2 August (Argus) — Chemical industries in North America are bracing for a potential rail strike in Canada, but some markets expect greater impacts than others. Participants across a variety of industries have expressed greater certainty that a rail strike is now likely after momentum for a strike several months prior had fizzled out. The Canadian Industrial Relations Board (CIRB) is making considerations that are due to be posted no later than 9 August, with some market participants expecting a strike to be called somewhere within 72 hours thereafter. The CIRB is evaluating what, if any, materials would be constituted as essential to move even during a strike. Chlorine The chlor-alkali market has raised concerns about a potential strike, with some suppliers of chlorine and hydrochloric acid (HCl) in Canada pushing for a strike to be delayed or for its products to be considered essential. Chlorine and HCl are both used in water treatment, and suppliers have said a prolonged stoppage in rail service without proper considerations for such products could endanger some municipal water supplies. In the lead up to a potential strike, Canadian chlor-alkali producers and their US counterparts positioned close to the Canadian border have been trying to build up buyers' on-site inventories as a precaution. Producers have warned, however, that such contingency plans only work if the strike is not prolonged, as stoppages lasting longer than a few weeks could be problematic. Wildfires across central Canada have been complicating the efforts to ensure downstream inventories, as the fires have encroached on crucial rail lines and delayed or rerouted supply. Polymers In the polymers markets, polyethylene (PE) and polypropylene (PP) producers in Canada, including Nova Chemicals and Heartland Polymers, made advanced preparations for a rail strike back in May. Both companies had moved some inventories in advance to storage warehouses in the US to limit supply disruptions to US customers. In addition to storage on the US side, sources said the Canadian producers were also making plans for storage on the Canadian side so they could continue to operate, even if railcars were no longer moving. As long as a strike would not last more than a few weeks, most market participants said they believed there would be minimal disruption to the overall market. An extended strike would likely result in some shipping delays, but producers on the US side could raise operating rates and potentially help to fill in any supply gaps. Polyvinyl chloride (PVC) customers in Canada had stocked up on supply back in May as well, with minimal concerns of disruption so long as any stoppage did not drag on. Some pipe producers with plants in Canada have also said the need to stock up on inventory has been lessened due to Canada's weaker economy and construction sector. Polystyrene (PS) distributors have been positioning resin supply in the northeast and Midwest to quickly move across the border if need be, but warehouses in Canada were reportedly oversupplied on PS and turning away extra railcars. Recycled polymers market participants indicated that with current low demand and low volume trades, the rail strike will likely lead to more truck usage rather than completely halting trades altogether. Chemicals The butadiene (BD) market reported that a Canadian rail strike would impact cross-border trade flows of feedstock crude C4 and BD into the US. A BD producer in Sarnia, Ontario, primarily delivers BD to US customers in the Midwest — a fact that has prompted some concern from US customers about the impacts of a potential rail strike. Some BD buyers have worried that prolonged disruptions to Canadian volumes could add tightness to the domestic US market, especially in cases where consumers are unable to source volumes from the US Gulf coast. Concerns from the ethylene and aromatics markets were muted, and the isocyanate and polyurethane (PU) markets expressed little concern as most buyers were able to bring supply in by truck. Moreover, the vast majority of supply for the isocyanate chain comes from production in the US Gulf, meaning the majority of any transit would be conducted on lines not impacted by the strike. Methanol market participants also did not express significant concerns. By Aaron May, Michelle Klump, Joshua Himelfarb, Zach Kluver, and Catherine Rabe Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2594499"}],"tags":null,"taxonomy":null,"id":2594499,"language":"en-GB","body":null},{"type":"Analysis","datePublished":"2024-06-18T15:25:15Z","headline":"Soaring freight costs hit LatAm polymers trade","summary":"Sao Paulo, 18 June (Argus) — Latin American plastic product manufacturers have been facing a significant surge in freight costs from Asia to the Americas since early April, with prices exceeding $10,000 per 40-foot container (FEU) heading into June, compared with approximately $1,170/FEU at the end of March. This high value was reported to Argus by polymer traders in the Manaus Free Trade Zone last week. It is the highest rate reported by market participants in the region. But data collected by Argus shows that average freight rates from Asia to the east coast of South America were between $6,800-$8,000/FEU on 31 May. In the two following weeks, prices hit $8,000-8,500/FEU. The phenomenon is connected to a logistics readjustment following disruptions on major global shipping routes since last year. But the current situation also has a unique cause: electric vehicles imports from China to Latin America. Chinese electric car manufacturers have been taking advantage of available space on vessels traveling the Asia-South America route before an increase in import tariffs on these vehicles. In Brazil, import duties are set to rise in July for all types of electrified vehicles, from 10pc to 18pc for fully electrified cars, from 12pc to 20pc for hybrid cars, and up to 25pc for non-rechargeable hybrid vehicles. This window of opportunity exploited by Chinese manufacturers has overloaded ships on the China-Brazil route, both for cars and containers filled with spare parts and components. Importers of other materials, such as polyethylene (PE) and polypropylene (PP), have been significantly affected. In the case of PP, some importers have stopped importing this resin from China and other Asian countries due to the substantial increase in freight costs. As a result, PP buyers in Brazil and the rest of South America are meeting their needs with material sourced from the Middle East (in Brazil's case) and the US (for countries on the west coast of South America), or from regional producers like Braskem in Brazil, Esenttía in Colombia, Petrocuyo in Argentina, and to a lesser extent, Petroquim in Chile. Logistical Disruptions The current higher maritime freight rates between Asia and South America follow logistical disruptions in two of the world's most important navigation channels, the Panama Canal and the Suez Canal. The Panama Canal faced challenges last year due to severe drought, resulting in a decrease in authorized vessel crossings between the Atlantic and Pacific oceans. The usual 30 transits dropped to around 18 in February. While the situation in the Panama Canal is gradually improving, it has had consequences for commercial flows between polymer producers in Asia and consumers on the east coast of South America, namely Brazil and Argentina. Similarly, disruptions occurred between European producers and consumers on the west coast of South America, like Colombia, Peru, Ecuador and Chile. Another critical maritime trade corridor, the Suez Canal, which connects the Mediterranean Sea to the Red Sea, continues to be impacted by armed actions from military groups. As a result, shipping companies have increasingly preferred the longer route around Africa's Cape of Good Hope, despite the longer distances and significantly elevated freight costs. By Frederico Fernandes Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2579177"}],"tags":null,"taxonomy":null,"id":2579177,"language":"en-GB","body":null},{"type":"News","datePublished":"2024-04-02T10:45:29Z","headline":"Ineos seals TotalEnergies’ Lavera petchem deal","summary":"London, 2 April (Argus) — UK-based chemical petrochemical company Ineos has completed the purchase of TotalEnergies 50pc stake in the former joint venture at the Lavera chemical site in southern France with the deal including storage and pipeline assets. Ineos and TotalEnergies originally announced the deal in July 2023. Ineos now completely controls the assets at the complex including Naphthtachimie, which operates a 720,000 t/yr ethylene steam cracker at Lavera that can produce 300,000 t/yr of propylene and 120,000t/yr of butadiene. The acquisition also included the 300,000 t/yr Appryl polypropylene business and the Gexaro aromatics operation with a capacity of 270,000 t/yr, the Gexaro site will continue to be operated by Petroineos. Naphtha storage business 3TC was also included in the deal. Ineos plans to fully integrate the connected assets. Ineos already operated and owned ethylene oxide, polyethylene and oxo-alcohol production at the Lavera site. The company also operates the 207,100 b/d Lavera refinery through its Petroineos 50:50 joint venture with state controlled PetroChina. The deal includes Ineos taking control of southern sections of TotalEnergies' ethylene pipeline network from Lavera to the Lyon region. TotalEnergies previously stated that it did not use its share of ethylene production from the Lavera steam cracker and mainly sold it to Ineos. Ineos operates a PVC plant in the Lyon region under the Inovyn business. TotalEnergies operates the Feyzin cracker in the same area. The deal will allow closer integration between the Feyzin and Carling sites for TotalEnergies, the company said. The northern and central sections of the ethylene pipeline will continue to be jointly owned and remain operated by TotalEnergies. By George Barsted Eastern France ethylene pipelines post-transaction Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2553487"}],"tags":null,"taxonomy":null,"id":2553487,"language":"en-GB","body":null},{"type":"News","datePublished":"2024-03-25T05:54:56Z","headline":"Vietnam’s Long Son extends cracker shutdown to June","summary":"Singapore, 25 March (Argus) — Vietnam's sole cracker operator Long Son Petrochemical (LSP) has extended the shutdown of its cracker and associated downstream units in Ba Ria-Vung Tau to June, to address technical issues. LSP shut its cracker and downstream units on 21 February because of equipment issues. Siam Cement (SCG), the parent company of LSP, subsequently issued a force majeure on products the following day. SCG was initially expecting the cracker to restart in about 2-4 weeks after the shutdown in February. But the firm filed a statement to the Stock Exchange of Thailand (SET) on 22 March, stating that the technical difficulty is still under investigation and the LSP complex is expected to restart in June. LSP's cracker is a mixed feed cracker with a nameplate capacity of 950,000 t/yr for ethylene, 400,000 t/yr for propylene and a 100,000 t/yr butadiene extraction unit. Downstream units are polymer-focused, with a 500,000 t/yr high-density polyethylene (HDPE) plant, a 500,000 t/yr linear low-density polyethylene (LLDPE) unit and a 400,000 t/yr polypropylene (PP) unit. SCG offered spot HDPE, LLDPE and PP supplies from its new LSP complex to the market earlier this year but has ceased offers since late February, after the force majeure announcement. SCG also stated in its statement filed to the SET that its Rayong Olefins (ROC) cracker in Map Ta Phut, Thailand has resumed operations. The producer is expected to ramp up production at its 920,000 t/yr HDPE unit and 720,000 t/yr PP unit in Thailand following the restart of the ROC cracker, and will resume supply of these grades to the market. The ROC cracker was restarted late last week and has achieved on-specification olefins products since then, according to sources close to the company. The cracker was shut for maintenance since mid-November 2023. The ROC cracker has a nameplate capacity of 800,000 t/yr of ethylene and 400,000 t/yr propylene. SCG also owns another cracker at the same site — the Map Ta Phut Olefins cracker with capacity of 1mn t/yr of ethylene and 500,000 t/yr of propylene. Both the crackers are currently operating at near-full run rates. By Yee Ying Ang, Brian Leonal and Toong Shien Lee Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2551165"}],"tags":null,"taxonomy":null,"id":2551165,"language":"en-GB","body":null}],"itemsCursor":null}]}}},"__N_SSG":true},"page":"/[[...path]]","query":{"path":["commodities","heavy-olefins"]},"buildId":"61995","assetPrefix":"https://www.argusmedia.com","isFallback":false,"isExperimentalCompile":false,"gsp":true,"locale":"en","locales":["default","en","es","zh","ru","pt","ja","fr","de"],"defaultLocale":"default","scriptLoader":[]}</script></body></html>