The Urethane Blog

February 27, 2020

Truck Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

https://fred.stlouisfed.org/series/TRUCKD11

February 27, 2020

Truck Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

https://fred.stlouisfed.org/series/TRUCKD11

February 27, 2020

Huntsman Announces Spray Foam Leaders

Huntsman Appoints Two Presidents to Jointly Lead its New, Combined SPF Business

THE WOODLANDS, TX – February 25, 2020 – Huntsman Corporation (NYSE: HUN) recently announced the appointment of two presidents to jointly lead its new, combined spray polyurethanes foam (SPF) business comprising Demilec and Icynene-Lapolla, both leading North American manufacturers and distributors of SPF insulation systems for residential and commercial applications.

The new, combined business will have one leadership team, jointly led by Simon Baker, president of Huntsman’s Demilec SPF business, and Doug Kramer, president of Icynene-Lapolla. Geographically, Baker will be responsible for Canada and development of the business in fast growing global markets; Kramer will be responsible for the United States.

Huntsman Names Simon Baker and Doug Kramer Presidents of New, Combined Spray Polyurethanes Foam Business

Doug Kramer (left) will be responsible for the U.S. business and Simon Baker (right) will lead the Canada and global markets

Huntsman completed the acquisition of Icynene-Lapolla on February 20, 2020, having acquired Demilec in 2018. The creation of the new, combined SPF business is a demonstration of the company’s stated downstream business strategy and establishes Huntsman as the global leader in SPF.

President of Huntsman Polyurethanes Tony Hankins said: “This is an exciting time for our Polyurethanes business as we continue the transformation of our portfolio to provide more differentiated and sustainable solutions to our customers. To bring the two businesses together as one enables Huntsman to provide an unmatched offering of open- and closed-cell insulation products and accelerates the globalization of our SPF platform.”

https://www.sprayfoam.com/foam-news/huntsman-appoints-two-presidents-to-jointly-lead-its-new-combined-spf-business/3588

February 27, 2020

Huntsman Announces Spray Foam Leaders

Huntsman Appoints Two Presidents to Jointly Lead its New, Combined SPF Business

THE WOODLANDS, TX – February 25, 2020 – Huntsman Corporation (NYSE: HUN) recently announced the appointment of two presidents to jointly lead its new, combined spray polyurethanes foam (SPF) business comprising Demilec and Icynene-Lapolla, both leading North American manufacturers and distributors of SPF insulation systems for residential and commercial applications.

The new, combined business will have one leadership team, jointly led by Simon Baker, president of Huntsman’s Demilec SPF business, and Doug Kramer, president of Icynene-Lapolla. Geographically, Baker will be responsible for Canada and development of the business in fast growing global markets; Kramer will be responsible for the United States.

Huntsman Names Simon Baker and Doug Kramer Presidents of New, Combined Spray Polyurethanes Foam Business

Doug Kramer (left) will be responsible for the U.S. business and Simon Baker (right) will lead the Canada and global markets

Huntsman completed the acquisition of Icynene-Lapolla on February 20, 2020, having acquired Demilec in 2018. The creation of the new, combined SPF business is a demonstration of the company’s stated downstream business strategy and establishes Huntsman as the global leader in SPF.

President of Huntsman Polyurethanes Tony Hankins said: “This is an exciting time for our Polyurethanes business as we continue the transformation of our portfolio to provide more differentiated and sustainable solutions to our customers. To bring the two businesses together as one enables Huntsman to provide an unmatched offering of open- and closed-cell insulation products and accelerates the globalization of our SPF platform.”

https://www.sprayfoam.com/foam-news/huntsman-appoints-two-presidents-to-jointly-lead-its-new-combined-spf-business/3588

February 26, 2020

Asian Propylene Climbs

Propylene prices climb in Asia on Tuesday

Petrochemical industry | 26 Feb 2020 09:30 IST | Polymerupdate.com

 

Despite bearish upstream crude and naphtha values, propylene prices gained in Asia, on Tuesday. The price rise was supported by improved buying sentiments in key markets like China, following reports of some ease on the transport ban.

Reports of limited product avails, further supported the price gain.

FOB Korea propylene prices were assessed up at the USD 795/mt levels, while CFR China propylene prices were assessed at the USD 805/mt levels, both up USD 20/mt from last Friday’s assessed levels.

In plant news, Tosoh Corp, is likely to undertake a maintenance shutdown at its naphtha cracker on March 5, 2020. The cracker is expected to remain under maintenance till April 20, 2020. Located at Yokkaichi in Japan, the cracker has an ethylene production capacity of 527,000 mt/year and a propylene production capacity of 315,000 mt/year.

In other plant news, PTT Global Chemical (PTTGC), is likely to restart its No. 2 cracker, by end-February 2020. The cracker was shut for a maintenance turnaround on January 20, 2020. Located at Map Ta Phut, Thailand, the No. 2 cracker has an ethylene production capacity of 400,000 mt/year.

PTT Global Chemical (PTTGC), shut its No. 1 cracker on January 23, 2020 for a maintenance turnaround. The cracker is expected to remain under maintenance for about 6 weeks. Located at Map Ta Phut, Thailand, the No. 1 cracker has an ethylene production capacity of 515,000 mt/year and a propylene production capacity of 295,000 mt/year.

https://www.polymerupdate.com/news/pp/26Feb2020/1039836/propylene-prices-climb-in-asia-on-tuesday