The Urethane Blog
Everchem Updates
VOLUME XXI
September 14, 2023
Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more
May 7, 2021
Intermediates & Derivatives (I&D)– Our I&D segment produces and markets Propylene Oxide & Derivatives, Oxyfuels & Related Products and Intermediate Chemicals, such as styrene monomer, acetyls, ethylene oxide and ethylene glycol.
| Table 4 – I&D Financial Overview | |||
| Millions of U.S. dollars | Three Months Ended | ||
| March 31, 2021 | December 31, 2020 | March 31, 2020 | |
| Operating income | $88 | $166 | $131 |
| EBITDA | 182 | 262 | 203 |
| LCM (benefits) charges, pre-tax | — | (66) | 78 |
| EBITDA excluding LCM | 182 | 196 | 281 |
Three months ended March 31, 2021 versus three months ended December 31, 2020 – EBITDA decreased $14 million versus the fourth quarter 2020, excluding an unfavorable variance of $66 million due to LCM inventory benefits in the fourth quarter. First quarter results increased approximately $50 million due to LIFO inventory valuation charges in the fourth quarter. Compared to the prior period, Propylene Oxide & Derivatives results decreased approximately $35 million due to lower volumes driven by Texas weather events and planned maintenance partially offset by higher margins due to tight market supply. Intermediate Chemicals results decreased about $55 million primarily due to a decrease in volumes driven by the weather events. Oxyfuels & Related Products results increased approximately $25 million with higher margins benefiting from improving gasoline prices partially offset by lower volumes.
Three months ended March 31, 2021 versus three months ended March 31, 2020 – EBITDA decreased $99 million versus the first quarter 2020, excluding a favorable variance of $78 million due to LCM inventory charges in the first quarter 2020. First quarter 2021 results benefited approximately $10 million due to an increase in the euro versus the U.S. dollar exchange rate relative to the first quarter 2020. Compared with the prior period, Propylene Oxide & Derivatives results decreased about $25 million due to lower volumes driven by the weather events and planned maintenance partially offset by higher margins due to tight market supply. Intermediate Chemicals results decreased approximately $20 million due to lower margins driven by higher feedstock costs and lower volumes. Oxyfuels & Related Products results decreased approximately $70 million driven by lower margins and volumes. Volumes were lower driven by weather events and lower gasoline demand. Equity income increased more than $10 million due to improved results at our joint venture in China.
https://lyondellbasell.mediaroom.com/index.php?s=43&item=1365
May 4, 2021
Arsenal’s Meridian Adhesives Acquires Frontier Products DALTON, Georgia, May 4, 2021 – Meridian Adhesives Group (Meridian) announced today the acquisition of Frontier Products Inc. (Frontier).
Located in Alvarado, Texas, Frontier is a manufacturer of high-performance flooring solutions, including urethane, acrylic pressure sensitive and hybrid adhesives; moisture barriers; sound control; and construction products. With more than 40 years of experience in the flooring industry, Frontier offers custom formulations for its private label customers throughout North America.
“The addition of Frontier to our Flooring Division brings new processes and technologies to our platform,” said Daniel Pelton, CEO of Meridian Adhesives Group. “This will benefit our customers and partners by opening up additional product offerings and technical support, further positioning us as the go-to solution providers in the adhesives market.”
As part of Meridian’s Flooring Division, Frontier will work alongside Taylor Adhesives, a leading name in the flooring adhesives market for its resilient, wood and carpet flooring adhesives and the company’s moisture mitigation coatings and specialty products; as well as Polycom Solutions, a manufacturer specializing in custom product assembly solutions.
“I’m especially excited to be bringing Frontier into the Meridian Flooring Division to work alongside Taylor and Polycom,” said Paul Murfin, President of Taylor and Meridian’s Flooring Division. “Frontier helps expand our product and brand portfolio and further increases our leadership position in the flooring adhesives space.”
Together, the three companies will serve the flooring industry with advanced flooring, construction and product assembly solutions.
“Joining Meridian Adhesives Group is a strategic move that will meet the goals of our company,” said Carl Nichols, President of Frontier. “Having the backing of Meridian and Taylor – technologically, operationally and financially – will allow us to better serve our customers and continue the upward momentum of our business.”
For more information regarding Frontier Products Inc., visit https://frontierproductsinc.com.
May 4, 2021
Arsenal’s Meridian Adhesives Acquires Frontier Products DALTON, Georgia, May 4, 2021 – Meridian Adhesives Group (Meridian) announced today the acquisition of Frontier Products Inc. (Frontier).
Located in Alvarado, Texas, Frontier is a manufacturer of high-performance flooring solutions, including urethane, acrylic pressure sensitive and hybrid adhesives; moisture barriers; sound control; and construction products. With more than 40 years of experience in the flooring industry, Frontier offers custom formulations for its private label customers throughout North America.
“The addition of Frontier to our Flooring Division brings new processes and technologies to our platform,” said Daniel Pelton, CEO of Meridian Adhesives Group. “This will benefit our customers and partners by opening up additional product offerings and technical support, further positioning us as the go-to solution providers in the adhesives market.”
As part of Meridian’s Flooring Division, Frontier will work alongside Taylor Adhesives, a leading name in the flooring adhesives market for its resilient, wood and carpet flooring adhesives and the company’s moisture mitigation coatings and specialty products; as well as Polycom Solutions, a manufacturer specializing in custom product assembly solutions.
“I’m especially excited to be bringing Frontier into the Meridian Flooring Division to work alongside Taylor and Polycom,” said Paul Murfin, President of Taylor and Meridian’s Flooring Division. “Frontier helps expand our product and brand portfolio and further increases our leadership position in the flooring adhesives space.”
Together, the three companies will serve the flooring industry with advanced flooring, construction and product assembly solutions.
“Joining Meridian Adhesives Group is a strategic move that will meet the goals of our company,” said Carl Nichols, President of Frontier. “Having the backing of Meridian and Taylor – technologically, operationally and financially – will allow us to better serve our customers and continue the upward momentum of our business.”
For more information regarding Frontier Products Inc., visit https://frontierproductsinc.com.
May 4, 2021
Indorama Ventures reports transformer fire, outages
Jacob DickApril 29, 2020Updated: April 29, 2020 12:07 p.m. Comments
Indorama Ventures, which recently aquired the Huntsman plant in Port Neches, reported a Tuesday night incident near the plant was transformer explosion and fire.
The company said a transformer at a sub station managed by Entergy at the plant’s distribution yard exploded around 8 p.m. Tuesday, causing a subsequent fire. The sub station provides power to Port Neches, Groves and parts of the plant.
The company reported there weren’t any injuries or detected releases from the incident, but some units were taken offline due to power outages within the plant. Read More
The plant has recovered from the fire at the Entergy Sub Station last night,” Indorama spokesperson Krystal Medlock said in a Tuesday morning email. “Units are back on line or in the process of restarting. There have been no off-site impacts from Indorama during the outage or recovery of units.”
Indorama’s onsite fire brigade and the Port Neches Fire Department responded shortly after the explosion, and Entergy crews were soon on the scene.
Entergy said the transformer “failed,” causing the incident, but the source of the failure was still under investigation.
“Crews were able to isolate the issue and restored all customers,” Entergy spokesperson Allie Payne said in an email. “The cause is still under investigation at this time.”
Entergy’s emergency response crews spent most of Tuesday night and early Wednesday morning making similar calls, as severe weather tore through Southeast Texas and left around 20,000 people without power.
Payne said around 7,000 customers were still without power in Jefferson, Hardin and Orange counties at around 11 a.m. Wednesday.
May 4, 2021
Indorama Ventures reports transformer fire, outages
Jacob DickApril 29, 2020Updated: April 29, 2020 12:07 p.m. Comments
Indorama Ventures, which recently aquired the Huntsman plant in Port Neches, reported a Tuesday night incident near the plant was transformer explosion and fire.
The company said a transformer at a sub station managed by Entergy at the plant’s distribution yard exploded around 8 p.m. Tuesday, causing a subsequent fire. The sub station provides power to Port Neches, Groves and parts of the plant.
The company reported there weren’t any injuries or detected releases from the incident, but some units were taken offline due to power outages within the plant. Read More
The plant has recovered from the fire at the Entergy Sub Station last night,” Indorama spokesperson Krystal Medlock said in a Tuesday morning email. “Units are back on line or in the process of restarting. There have been no off-site impacts from Indorama during the outage or recovery of units.”
Indorama’s onsite fire brigade and the Port Neches Fire Department responded shortly after the explosion, and Entergy crews were soon on the scene.
Entergy said the transformer “failed,” causing the incident, but the source of the failure was still under investigation.
“Crews were able to isolate the issue and restored all customers,” Entergy spokesperson Allie Payne said in an email. “The cause is still under investigation at this time.”
Entergy’s emergency response crews spent most of Tuesday night and early Wednesday morning making similar calls, as severe weather tore through Southeast Texas and left around 20,000 people without power.
Payne said around 7,000 customers were still without power in Jefferson, Hardin and Orange counties at around 11 a.m. Wednesday.
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