IHS Chemical Week

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August 5, 2015
FMC reported second-quarter net income of $742 million due mainly to a $700-million gain related to the sale of its soda ash business to Tronox. Adjusted earnings from continuing...
http://www.chemweek.com/regions/north_america/us/FMC-operating-earnings-fall-on-currency-impacts_72780.html
August 5, 2015
Sales at North American chemical distributors rose 5.2% year-on-year (YOY) during 2014, according to the National Association of Chemical Distributors’ (NACD; Arlington, VA) most...
http://www.chemweek.com/regions/north_america/NACD-Distribution-sales-up-5-2-percent-last-year_72770.html
August 5, 2015
Innospec has reported second-quarter net income nearly doubled year-on-year (YOY), to $34.5 million, or $1.40/share, on sales up 10%, to $242.9 million. Adjusted earnings, which...
http://www.chemweek.com/regions/north_america/Innospec-earnings-rise-on-higher-sales_72769.html
August 5, 2015
Propylene stock movements were mixed in the week ended 31 July, according to data released by the Energy Information Administration (EIA). Propane/propylene stocks were at 90.4 million...
http://www.chemweek.com/regions/north_america/Propylene-stock-movements-mixed-in-US-during-final-week-of-July_72767.html
August 5, 2015
During the week ended 1 August, chemical railcar traffic in North America increased 1.5% year-on-year on strong gains in Canada...
http://www.chemweek.com/regions/north_america/Canada-drives-gain-in-North-America-weekly-chemical-rail-traffic_72768.html
August 5, 2015
Researchers at Penn State University (State College, PA) have developed and tested a solvent-extraction process for making liquids from bituminous coals and have shown the successful...
http://www.chemweek.com/regions/north_america/Penn-State-researchers-propose-process-for-low-emission-coal-to-liquids_72761.html
August 5, 2015
Meredian Holdings Group (MHG; Bainbridge, GA) says it has become the world’s largest producer of polyhydroxyalkanoates (PHA) with the start-up of the company's first...
http://www.chemweek.com/regions/north_america/US-firm-starts-up-commercial-scale-fermenter-to-increase-PHA-production_72757.html
August 5, 2015
Delfin LNG, a wholly owned subsidiary of Fairwood Peninsula Energy, has selected Bechtel to carry out front-end engineering and design for a floating liquefied natural gas (LNG) vessel...
http://www.chemweek.com/regions/north_america/Bechtel-selected-for-the-first-floating-LNG-plant-in-the-US_72752.html
August 5, 2015
A new RadiciGroup (Bergamo, Italy) company focusing on plastics in Mexico has strengthened its production capacity in North American by acquiring the nylon engineering plastics...
http://www.chemweek.com/regions/north_america/Radici-acquires-nylon-engineering-plastics-division-of-Mexican-producer-Resinas_72750.html
August 5, 2015
Swan Chemical, a wholly owned subsidiary of specialty chemicals firm Thomas Swan (Consett, UK) says it has acquired Production Systems Inc. (PSI; Akron, OH), a distributor of a range...
http://www.chemweek.com/regions/north_america/Swan-Chemical-acquires-Production-Systems-Inc-_72758.html
August 4, 2015
The company reported adjusted earnings of $79 million, up from $11 million in the year-ago quarter. Earnings improved due to higher margins in the basic chemicals and feedstocks segment, including styrene monomer, styrenic polymers, and polycarbonate. Reported earnings were $1.61/share, 5% above the median analyst estimate as reported by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Trinseo-reports-improved-earnings-on-stronger-styrenics-and-polycarbonate-margins_72748.html
August 4, 2015
Renewable chemicals firm BioAmber (Montreal) reports a second-quarter net loss of $14.8 million, compared with a net loss of $14.1 million in the year-ago quarter. Revenues decreased...
http://www.chemweek.com/regions/north_america/BioAmber-widens-loss-expects-Sarnia-plant-to-be-up-and-running-in-the-third-quarter_72747.html
August 4, 2015
Sun Chemical (Parsippany, NJ), a wholly owned subsidiary of DIC (Tokyo), has announced that it has acquired Kingfisher Colours (Reading, UK), a privately owned cosmetics color...
http://www.chemweek.com/regions/north_america/Sun-Chemical-acquires-UK-cosmetics-color-firm_72723.html
August 4, 2015
Westlake Chemical Partners LP (Westlake Partners; Houston) reports second-quarter net income attributable to the partnership of $10.4 million. Earnings of 39 cts per limited partner unit were equal to the analysts’ consensus estimate compiled by Thomson Reuters (New York) Reuters....
http://www.chemweek.com/regions/north_america/us/Westlake-Chemical-Partners-reports-net-income-of-$10-4-million_72733.html
August 4, 2015
Proposed regulations that would disqualify master limited partnerships (MLPs) based on the steam-cracking of natural gas liquids (NGLs) mistakenly focus on the output of the process, rather than input, according to comments submitted to the IRS by Enterprise Products Partners (Houston)....
http://www.chemweek.com/regions/north_america/Enterprise-says-proposed-MLP-regulations-mistakenly-focus-on-products_72744.html
August 4, 2015
Balchem reported second-quarter net earnings of $14.9 million, up 53% year-on-year (YOY). Revenue increased 2% (YOY), to $134.7 million. Reported adjusted earnings of 62 cts/share were...
http://www.chemweek.com/regions/north_america/us/Balchem-earnings-up-53-percent-on-Sensory-Effects-acquisition-and-margin-gains_72746.html
August 4, 2015
Axalta today reported a second-quarter net loss of $25.1 million, compared with a profit of $53.8 million in the year-ago quarter. Sales declined 3.5% year-on-year (YOY), to $1.09...
http://www.chemweek.com/regions/north_america/Axalta-results-hit-by-strong-dollar_72745.html
August 4, 2015
ExxonMobil says it will add flexibility to process light crudes at its Beaumont, TX,  refinery, increasing production capacity by approximately 20,000 bbl/day. The company adds...
http://www.chemweek.com/regions/north_america/ExxonMobil-to-expand-capacity-at-Beaumont-refinery_72732.html
August 4, 2015
Westlake reports second-quarter net income of $205.1 million, up 21.1% year-over-year (YOY), on sales of $1.185 billion, up 18.6% YOY. Strong results in vinyls offset declines in olefins. Earnings per diluted share increased 22% YOY to $1.54, easily beating analysts’ consensus estimate of $1.21/share....
http://www.chemweek.com/regions/north_america/Westlake-income-well-ahead-of-consensus_72729.html
August 4, 2015
The US July ethylene contract settled at 32.75 cts/lb on 3 August, losing 1 ct/lb from the June contract price of 33.75 cts/lb. The decline comes on the back of continued ample supply...
http://www.chemweek.com/regions/north_america/US-July-ethylene-contract-declines-for-second-consecutive-month_72712.html
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