Home / Knowledge / News / Textiles / Lyondell's ethylene business improves on price & demand

Lyondell's ethylene business improves on price & demand

30
Apr '07
Lyondell Chemical Company announced income from continuing operations for the first quarter 2007 of $6 million, or 2 cents per share on a fully diluted basis. Comparisons with the prior quarter and first quarter 2006 are available in the following table.

First-quarter 2007 results from continuing operations declined versus the fourth quarter 2006 due to the impact of scheduled maintenance on the Houston refinery's fluid catalytic cracking unit (FCCU), lower average prices and margins in the ethylene segment and a charge related to the 2005 Lake Charles TDI plant closure. Aside from this charge, propylene oxide segment results improved versus the fourth quarter 2006. The inorganic chemicals business results also improved versus the fourth quarter 2006.

Click here to view more:

"As expected, refining results were negatively impacted by scheduled maintenance, but this work positions the refinery well for the coming years and the developing strong summer season," said Dan F. Smith, president and CEO of Lyondell Chemical Company. "Within our ethylene segment, the early months of the first quarter were quite challenging as product prices were slow to rebound from a fourth-quarter decline."

The second quarter has shown increased strength, particularly in gasoline- related products, and chemical product prices also are displaying positive momentum. The refining segment is benefiting from seasonally strong margins; however, as previously reported, second-quarter results will be modestly impacted by the 10-day outage of the FCCU.


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search