peter huntsman

Huntsman Corp.’s profits fall 75 percent after plant outage

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An outage at a Texas plant and a stronger U.S. dollar caused Huntsman Corp.’s profits to tumble by 75 percent in the second quarter.
(Eric Kayne/Houston Chronicle)

LyondellBasell sees 13 percent increase in profits

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Lyondell is expecting to continue growing its earnings in the third quarter amid continued access to swells of cheap natural gas and natural gas liquids, which the company uses as feedstock to manufacture its chemicals.
Dow Chemical Co. chairman and CEO Andrew N. Liveris, front, addresses his employees and honored guests during the announcement of Dow's new ethylene production plant at Dow Texas Operations, Thursday, April 19, 2012, on the Brazosport College campus in Lake Jackson. (Nick de la Torre/Houston Chronicle)

Despite weak sales, Dow’s profits surge 28 percent

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The Michigan-based corporation with a sprawling plant in Freeport reported a strong second quarter even though its sales dropped $12.9 billion, or 13 percent, from the same time last year under pressure from a global crude slump and a strong U.S. dollar.
Categories: Chemicals
(JTB Photo/UIG via Getty Images)

U.S. chemical companies poised for growth as demand swells

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But falling oil prices and a strong U.S. dollar threaten earnings for several domestic chemical companies, according to an economic and ratings outlook compiled by Standard and Poor’s Ratings Services.
A worker at Valero Energy's refinery in Three Rivers, Texas, Oct. 12, 2012. Refining, once regarded as a low-margin, accident-prone part of the energy industry, is doing better in part because of cheaper natural gas and domestic crude oil. (Michael Stravato/The New York Times)

Chemical plants and refineries hoping to hire laid off oil and gas engineers

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The global oil slump is striking the upstream sector at a critical moment for downstream companies as they scramble to address a growing problem of a lack of qualified middle-management workers rising through the ranks, according to a new analysis by executive search firm Proco Global.
CB&I Chairman and CEO Philip K. Asherman, May 23, 2014 in The Woodlands, TX. (Eric Kayne/For the Chronicle)

CB&I jumps on $1.5 billion Houston petrochem project with Oxy

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The ethylene cracker project is being constructed by Occidental’s OxyChem subsidiary and Mexichem in the Ingleside Ethylene joint venture near Corpus Christi.
(Photographer: Patrick Semansky/Bloomberg)

Foreign companies helping fund U.S. petrochemical expansions, analysis finds

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Foreign investors are helping fuel the U.S. petrochemical renaissance, as overseas companies scramble to take advantage of the surge of cheap domestic natural gas, according to a new industry analysis.
Senior project engineer Andy Aronson, left, and operations engineer Joel Vincent examine equipment at the Siluria Technologies plant in La Porte, where the company is testing processes it says could reduce the costs of making chemical building blocks and motor fuels from natural gas
Siluria Technologies at Braskem chemical plant on Friday March 27, 2015 in La Porte, Texas. 

Photo by Aaron M. Sprecher

Brazil’s biggest petrochem company considering Gulf Coast for massive natural gas project

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The factory would produce at least 1 billion pounds (450,000 metric tons) of resin a year and would be the U.S. polypropylene industry’s first world-scale project in about 12 years, said Mark Nikolich, a vice president at Braskem.
An ethylene unit shown at the Chevron Phillips Chemical Company's Cedar Bayou Plant, 9500 I-10 East, Tuesday, June 5, 2012, in Baytown. ( Melissa Phillip / Houston Chronicle )

Chevron, Phillips 66 joint venture may have a second natural gas “megaproject” in the works

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The Houston-based company has led a wave of new U.S. facilities that make ethylene, used in plastics to polyester. Plants that use low cost gas from shale formations will help U.S. production of basic chemicals increase for the next four years, starting with a 3.1 percent rise this year and peaking at 6 percent in 2018.
Process Technician, Eric Gazda, walks in front of the Vinyl Acetate Unit at the Celanese Corp. plant in Pasadena. (Michael Paulsen/Houston Chronicle)

Texas chemical company eyes another in-state methanol unit

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Building a methanol unit at the plant in Bishop near Corpus Christi would be the latest move by the Dallas-based chemical company to capitalize on an abundance of cheap U.S. shale gas.