IHS Chemical Week

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August 29, 2016
Omnova today completed a refinancing of its term loan facility, agreeing to a new, $350 million term loan that matures in 2023. The new term loan will be used to refinance the...
August 29, 2016
Airgas Inc. (Radnor, Pennsylvania) says one employee was killed in an explosion at its nitrous oxide production facility in Cantonment, Florida, on 28 August. The facility is adjacent to an Ascend Performance Materials (Houston) site that produces and nylon 6,6 and also supplies Airgas with feedstock. Ascend says none of its personnel were injured, and that the site continues to operate safely, but the company continues to investigate the potential impact on operations....
August 29, 2016
PolyOne Corporation announced Monday that James Sloan is replacing Scoot Leffler as vice president, treasurer, where he will be responsible for all aspects of the company's capital...
August 29, 2016
Indorama Ventures' (Bankgok, Thailand) majority-owned Lake Charles, Louisiana, gas cracker has received an air permit from authorities in the United States, an important step in maintaining the plant's start-up schedule, the company announced Monday....
August 26, 2016
LyondellBasell Industries (Houston) is considering offers for its Houston refinery, according to a 25 August report by Reuters. Citing unnamed sources, the news agency says four possible buyers have approached the company, and that it has hired Bank of America Merrill Lynch to help manage the process....
August 26, 2016
Ningbo Shanshan Co. Ltd. (Ningbo, China) is in talks with Sociedad Química y Minera de Chile (SQM; Santiago) to acquire a stake in SQM, according to a report from Reuters...
August 26, 2016
Yara International ASA (Oslo, Norway), a fertilizer producer, has agreed to acquire the fertilizers blending unit of Adubos Sudoeste in Catalão, Goiás State, Brazil, in a further step to expand its participation in the agricultural market in the country's midwest....
August 25, 2016
The Texas Railroad Commission ruled on 24 August that Westlake Chemical Corp. cannot charge Eastman Chemical Co. a market-based price for using a common-carrier ethylene pipeline between Longview and Mont Belvieu, Texas, putting to rest a three-year-old dispute between the two companies. By a vote of two to one, the commission has set the rate that Westlake may charge at $2.45 per 100 pounds—below the $3.50 sought by Westlake but higher than the original rate of $1.90....
August 25, 2016
Demand for North American polystyrene likely peaked in June and is expected to weaken heading into the fourth quarter. Nevertheless, the market will probably remain tight through September and October owing to supply-side issues, says Priya Ravindranath, principal analyst at IHS Chemical....
August 25, 2016
Siluria Technologies Inc. (San Francisco, California) says it has appointed Robert Trout to CEO. Prior to joining Siluria, Trout spent his entire career at Royal Dutch Shell plc in...
August 25, 2016
Berry Plastics Group Inc. (Evansville, Indiana) has agreed to acquire AEP Industries Inc. (Montvale, New Jersey) in a deal worth about $765 million including debt. Under the merger...
August 25, 2016
US nonfuel propylene inventory came down for a seventh consecutive week, according to data released by the US Energy Information Administration. Inventory levels last week were the lowest in nearly two years....
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