Braskem to permanently stop PET production at year-end

Brazilian petrochemical company Braskem (NYSE: BAK) has decided to definitively stop producing polyethylene terephthalate (PET) at end-2008, the company said in a statement. The measure will result...

• Mexico

   Pemex domestic petrochemicals sales reach 273,700t in November

  Mexican state oil firm Pemex made domestic petrochemical sales of 273,700t in November, down 14.7% o...   more

• Mexico

   Pemex petrochemicals production up slightly in November

  Mexico's state oil company Pemex produced 821,000t of petrochemicals in November, a 2.63% increase v...   more

• Regional

   Lanxess expects lower demand in the first quarter

  German chemical firm Lanxess is postponing investments in response to weaker demand for chemicals gl...   more

• Regional

   IIC, Cybsa sign loan agreement

  The Inter-American Investment Corporation (IIC), a member of the IDB Group, approved a US$2.5mn loan...   more

• Venezuela

   PDVSA doubles natural gas production to develop petrochemicals industry

  Venezuela's state oil company PDVSA has doubled its production of non-associated natural gas from 74...   more

• Peru

   MEM approves regulation for petrochemical industry promotion

  Peru's energy and mines ministry (MEM) has approved the regulation for the law to promote the develo...   more

• Peru

   Chemical exports up 33% to US$957mn in January-November

  Peruvian chemical exports increased 33% to US$957mn in January-November 2008 compared to US$719mn in...   more

• Brazil

   Fertilizer prices drop at Paranaguá port

  Fertilizer prices have dropped at Brazil's Paranaguá port, in Paraná state, the biggest point of imp...   more

• Brazil

   Analysts: Fertilizer prices to drop 40% in 2009

  A study by brokerage Fator Corretora, part of Brazilian investment bank Banco Fator, indicates that ...   more

• Brazil

   Braskem, Sojitz sign contract for bioethanol supply

  Brazilian petrochemical company Braskem (NYSE: BAK) and Japanese trading house Sojitz have signed a ...   more

• Brazil

   EU could retaliate for used tires imports

  Brazil could suffer retaliation from the European Union for not meeting the schedule determined by t...   more

• Regional

   Dow takeover of Rohm and Haas in doubt

  Michigan-based Dow Chemical's (NYSE: DOW) US$15.3bn takeover of Philadelphia-based specialty chemica...   more

• Brazil

   PVC sales forecast to have risen 15% in 2008, to slow in 2009

  Brazilian PVC sales are expected to have increased 15% in 2008 compared to last year and are forecas...   more

• Brazil

   Lanxess unit estimates 2008 revenues at US$1bn

  The Brazilian subsidiary of German chemical company Lanxess estimates revenues of US$1bn in 2008, si...   more

• Regional

   Reports: LyondellBasell considers chapter 11

  Rotterdam-based polymers, petrochemicals and fuels firm LyondellBasell is considering filing for cha...   more

• Brazil

   Petrochemical industry uncertain of true impact of crisis

  The effects of the financial crisis have reached the Brazilian petrochemical industry, causing some ...   more

• Peru

   Marcona likely location for petrochemicals pole

  Studies related to establishing a petrochemicals pole in Peru's south have concluded and the likely ...   more

• Brazil

   IN BRIEF Solvay, Sabesp sign contract for sewage management

  The Brazilian subsidiary of Belgian group Solvay and São Paulo state water utility Sabesp (Bovespa: ...   more