RESIN
Specialty resin maker Bakelite Synthetics has acquired LRBG Chemicals Inc. for an undisclosed price.
Chevron Phillips Chemical Co. has placed force majeure supply limits on high density polyethylene resin made at one of the firm's plants in Orange, Texas.
North American buyers of commodity resins could see more price decreases in July, as a result of lower feedstock costs and a slumping economy, senior teporter Frank Esposito said in the July Polymer Points Live.
OMV AG and Abu Dhabi National Oil Co. have started talks that could lead to a combination of the companies’ Borealis and Borouge polyolefin joint ventures. Also, we’re watching for any impact on resin production from two fires on the U.S. Gulf Coast.
Polyethylene resin prices had an unexpected boost in January. PET bottle resin prices also rose a few cents last month even with bottling season still coming up. Frank Esposito stops by Material Insights to dive into more information behind these somewhat surprising changes.
North American resin distributors have more material for their customers than they did a year ago, but challenges remain even as sales volume continues to grow.
Shale Crescent USA says domestic resin production can drive reshoring of manufacturing.
Resin distributor Frontier Logistics is paying $1 million to end a federal lawsuit over pellet pollution in the harbor in Charleston, S.C.
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