In a first for the U.S. midstream industry, Enterprise Products Partners LP (EPD) this month loaded combination cargoes of natural gas liquids (NGL) and olefins on the same vessel. The Houston-based operator said it completed the simultaneous loading of propane and polymer grade propylene into separate compartments on a very large gas carrier at its…
Articles from Olefins
Fed by ample natural gas stocks, Shell Chemical LP has begun producing from its fourth alpha olefins (AO) unit at its Geismar, LA, chemical manufacturing site, bringing total output to more than 1.3 million metric tons/year (mmty).
Hurricane Harvey’s flooding rains sharply reduced domestic and in turn global petrochemical production of linear alpha olefins (LAO), and operators still are scrambling to make up for the shortfall, according to IHS Markit.
Williams Partners LP is selling all of its interest in Williams Olefins LLC, which owns an 88.46% stake in the Geismar, LA, olefins plant and associated complex, to Nova Chemicals for $2.1 billion in cash.
Williams/Williams Partners LP process to sell or find a tolling agreement for its Geismar, LA, olefins plant is in full swing. Meanwhile, adjustments have been made to the schedule for the Atlantic Sunrise project to accommodate a regulatory delay, CEO Alan Armstrong told analysts during a conference call Monday.
A jury in Iberville Parish, LA, has awarded a total of $13.6 million to four men who were injured in a June 2013 explosion and fire at Williams’ Geismar, LA, olefins plant. Williams said it will appeal the verdict.
A unit of Royal Dutch Shell plc plans to begin construction early next year on a $717 million expansion at its Geismar campus in Ascension Parish, LA, which would make the site the largest alpha olefins (AO) producer in the world.
The U.S. Court of Appeals for the District of Columbia Circuit has upheld a ruling by the U.S. District Court for the District of Columbia that found the Commodity Futures Trading Commission (CFTC) did not act illegally in promulgating Dodd-Frank regulations. The Investment Company Institute and the U.S. Chamber of Commerce brought the action against the CFTC, arguing that the adopted regulations applying to derivatives trading were unlawfully adopted and invalid. The district court “granted summary judgment in favor of the Commission. Because we agree with the district court that the Commission did not act unlawfully in promulgating the regulations, we affirm,” ruled the appeals court. Specifically, the two groups challenged a rule that would subject registered investment companies (RIC) engaged in derivatives trading to many of the Dodd-Frank requirements. Prior to 2003, RICs engaged in rare derivatives trading activities, but that has since changed, according to the CFTC. It is the agency’s latest legal victory with respect to its Dodd-Frank regulation of the $300 trillion.