US combined propane and propylene stocks fell unexpectedly by 1 million barrels to 66.3 million barrels during the week ended 5 June, according to the Energy Information Administration (EIA). Overall inventories were flat with prior-year levels, it says.
Demand for propane and propylene, as suggested by the product supplied category, leaped 674,000 b/d on the week to 1.263 million b/d. Exports rose slightly to 1.094 million b/d from 1.027 million b/d a week earlier, with imports also rising by 42,000 b/d to 110,000 b/d.
The bulk of the decline in stocks stemmed from the Gulf Coast (PADD 3) region, which fell by 1.4 million barrels on the week to 41.7 million barrels. East Coast (PADD 1) inventories also fell, by 100,000 barrels to 5.5 million barrels. These declines were countered by a 300,000-barrel increase in the Midwest (PADD 2) region to 15.9 million barrels, and a 100,000-barrel pickup in PADD 4 and PADD 5 to a combined 3.1 million bbl. Refiner and blender net production rose by 108,000 b/d to 2.097 million b/d.
By: Jessica Marron
Source: Chemical Week
The Chemours Company (NYSE: CC), DuPont de Nemours, Inc. (NYSE: DD) and Corteva, Inc. (NYSE: CTVA) (the “companies”) today announced they have reached an agreement in principle to comprehensively resolve all PFAS-related drinking water claims of a defined class of public water systems that serve the vast majority of the United States population.
The quest to develop hydrogen as a clean energy source that could curb our dependence on fossil fuels may lead to an unexpected place — coal. A team of Penn State scientists found that coal may represent a potential way to store hydrogen gas, much like batteries store energy for future use, addressing a major hurdle in developing a clean energy supply chain.
WE Soda (London), a major producer of soda ash, said it intends to launch an IPO and apply to list its shares on the main market of the London Stock Exchange. The company, wholly owned by industrial conglomerate the Ciner Group (Istanbul, Turkey), said it is the world’s largest producer of natural soda ash.
