Industry: Midstream & NGLs

Polyolefin producers announce third-quarter earnings Dow Chemical Dow Chemical reported third-quarter earnings under which it stated that the sales for the three months ended September 30 set a new third-quarter record of $11.3 billion, 12% higher than the same period in 2004. Net income rose 30% to $801 million, while earnings per share were $0.82, […]

Basell to acquire Repsol YPF’s position in Argentine PP joint venture Petroken Basell announced its plans to assume ownership of the 50% portion of Argentina’s Petroken Petroquimica Ensenada that is currently held by its partner in the joint venture, Repsol YPF. Petroken operates a 180 KT per year polypropylene plant, a 20 KT per year […]

Polyolefin producers report third-quarter earnings Dow Chemical Company Dow Chemical announced third-quarter sales of more than $10 billion. The sales for the quarter were the highest for the first time in Dow’s history, up 26% from the same period last year, reflecting a 19 percent increase in price and a 7% increase in volume. Net […]

BASF and Shell review strategic options regarding their joint venture Basell BASF and Shell announced their plans to review strategic alternatives regarding their joint venture Basell, in which they both hold a 50 percent equity interest. The options being reviewed by the shareholders include the sale of their stakes and an equity market transaction. During […]

Dow introduces a new line of Affinity GA polyolefin plastomers for hot melt adhesives and polymer modification Dow Chemical Company announced the commercial launch of AFFINITY® GA Polyolefin Plastomers (POPs), a new line of highly versatile polyolefin polymers. Developed using Dow’s proprietary INSITE® Technology and Solution Process, AFFINITY GA POPs are the first products of […]