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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Riverside: Developer sees revitalization with apartments, townhomes driving commercial projects

A Dallas developer is seeking to rezone more than 18 acres in Fort Worth’s Riverside area overlooking Oakhurst Scenic Drive, the Trinity River and downtown, with plans to build as many as 400 apartments and townhomes aimed at renters who want to live in or near the central city. D

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Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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BASF eyes new propylene plant along Gulf Coast

NEW ORLEANS (AP) — German chemical titan BASF SE is evaluating plans to spend more than $1.4 billion to build a propylene plant somewhere along the Gulf Coast.

Kurt Bock, chairman of the company's board of executive directors, said Friday that a feedstock of cheap natural gas would give BASF a price advantage, and would allow it to stop buying so much of the building block for plastics and chemicals from others.

"We want to further process this basic product in North America and significantly expand our business," Bock said in a speech to shareholders at the company's annual meeting in Mannheim, Germany. "Propylene is needed, for example, for coatings, detergents, or superabsorbents for diapers."

Bock said the plant would convert natural gas to methanol and then to propylene, which he described as a new technology.

The world's largest chemical company said the plant would be its single largest investment ever. It didn't give details about where it would build, but chemical makers have flooded into south Louisiana and the Texas coast to take advantage of cheap natural gas being extracted from shale formations through hydraulic fracturing. Tens of billions of dollars' worth of projects have been announced in Louisiana, although not all will be built.

"With shale gas and shale oil, we also have access to cheap energy and raw materials for our production," Bock said.

In October, BASF made a similar announcement that it and the Norwegian company Yara were jointly exploring a "world scale" ammonia plant along the Gulf Coast. Like with the propylene announcement, BASF said it would like to make its own ammonia for use in chemicals rather than buy it from others.

BASF already has more than 2,000 employees in Louisiana, with a major site at Geismar. It also has plants with more than 100 employees in the Texas cities of Beaumont, Freeport, Pasadena and Port Arthur, as well as one in McIntosh, Alabama.

 

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