IHS Chemical Week

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July 22, 2015
The US Coast Guard said late Monday that it was still monitoring air quality and assessing damage and possible impact to the environment after barges collided at mile marker 349 on the...
http://www.chemweek.com/regions/north_america/US-Coast-Guard-still-assessing-impact-of-collision-in-Houston-Ship-Channel_72339.html
July 22, 2015
Sasol confirmed that it began planned maintenance over the weekend at its Lake Charles, LA steam cracker. The maintenance is expected to last for 12 days, and has not had any...
http://www.chemweek.com/regions/north_america/Sasol-confirms-12-day-planned-maintenance-at-Lake-Charles_72347.html
July 21, 2015
Brazil’s cumulative chemical trade deficit reached $12.5 billion in the first half of this year, according to figures disclosed by the country's chemical industry association...
http://www.chemweek.com/regions/south_america/brazil/Brazils-chemical-trade-deficit-drops-in-first-half-as-economic-slowdown-dents-domestic-demand_72335.html
July 21, 2015
ACC’s Chemical Production Regional Index (CPRI) for the United States, a barometer of industry activity, rose 0.5% sequentially in June, following a 0.1% decline in May and a...
http://www.chemweek.com/regions/north_america/ACCs-CPRI-expands-in-June_72338.html
July 21, 2015
Cepsa (Madrid), a subsidiary of International Petroleum Investment Co. (Abu Dhabi), says it has agreed to acquire the 49% it does not already own in a linear alkyl benzene (LAB) plant...
http://www.chemweek.com/regions/north_america/Cepsa-to-acquire-full-control-of-LAB-plant-in-Canada_72333.html
July 21, 2015
Mexichem's (Tlalnepantla, Mexico) net majority income in the second quarter of 2015 totaled $64.4 million, up 29% year-on-year (YOY). Ebitda for the same period was up 3% YOY, to...
http://www.chemweek.com/regions/north_america/Mexichems-net-income-sales-increase_72336.html
July 20, 2015
Ciner Group (Istanbul) is bulking up its soda ash business with the acquisition of OCI Resources, a master limited partnership that owns a 51% controlling interest in OCI Wyoming. OCI Enterprises (Atlanta), a North American subsidiary of OCI Co. (Seoul), has agreed to sell its 75% stake in OCI Resources to Park Holding, a subsidiary of Ciner Group. Financial terms have not been not disclosed....
http://www.chemweek.com/regions/north_america/Turkeys-Ciner-Group-to-acquire-75-percent-stake-in-OCI-Resources_72314.html
July 20, 2015
Celanese continues to develop plans for a second joint venture methanol project with Mitsui & Co., says chairman and CEO Mark Rohr. Celanese already has permits to build at Bishop, TX, but other locations are being considered, and the company is recruiting additional partners, he says....
http://www.chemweek.com/regions/north_america/Celanese-considers-alternative-locations-additional-partners-for-second-methanol-project-with-Mitsui_72313.html
July 20, 2015
Liquid Light (Monmouth Junction, NJ) and Coca-Cola have signed an agreement to accelerate the development of Liquid Light's carbon dioxide (CO2)–to–monoethylene glycol...
http://www.chemweek.com/regions/north_america/Liquid-Light-signs-CO2-to-MEG-technology-development-agreement-with-Coca-Cola_72312.html
July 20, 2015
Renewable chemicals firm Genomatica (San Diego) has announced that has entered into a collaboration agreement with Cargill to “accelerate the production of renewable chemicals...
http://www.chemweek.com/regions/north_america/Genomatica-signs-collaboration-agreement-with-Cargill_72311.html
July 20, 2015
Renewable Energy Group (REG; Ames, IA) will invest $31 million to upgrade and enhance its biodiesel refinery at Danville, IL.Tthe company broke ground on the project last week. Fifth...
http://www.chemweek.com/regions/north_america/REG-to-invest-$31-million-to-upgrade-Illinois-biorefinery_72310.html
July 20, 2015
Braskem is holding an extraordinary shareholders' meeting on 4 August to appoint a new chairman to replace current chairman, Marcelo Odebrecht, CEO of Construtora Norberto Odebrecht...
http://www.chemweek.com/regions/south_america/brazil/Braskem-plans-shareholders-meeting-to-replace-chairman_72305.html
July 20, 2015
Braskem will invest 1.5 million reais ($470,000) to build two laboratories to chemically analyze and test polymers, the company has announced. The new spaces, located in the technology...
http://www.chemweek.com/regions/south_america/brazil/Braskem-to-build-two-polymer-research-labs-in-Brazil_72304.html
July 20, 2015
Evonik has awarded Hargrove Engineers + Constructors (HEC; Mobile, AL) an engineering, construction, and procurement (EPC) contract to build a plant at Theodore, AL, HEC says. The...
http://www.chemweek.com/regions/north_america/Evonik-awards-EPC-contract-for-agchem-intermediate-project-in-Alabama_72303.html
July 20, 2015
OCI (Amsterdam) and CF Industries on Monday confirmed that they discussing possible combinations or transactions of their businesses. “There can be no assurance that these...
http://www.chemweek.com/regions/north_america/CF-Industries-and-OCI-confirm-discussing-possible-merger_72300.html
July 17, 2015
Cytec Industries reports second-quarter net earnings of $54.7 million, down 26% year-on-year. Net sales were $508 million, down 4%. Excluding one-time items' reported earnings from continuing operations were 81 cts/share, 6% below analyst estimates compiled by Thomson Reuters (New York). 
...

http://www.chemweek.com/regions/north_america/us/Cytec-earnings-fall-on-industrial-materials-weakness_72285.html
July 17, 2015
Shares in CF Industries (Deerfield, IL) spiked as much as 13% after the Wall Street Journal reported that the company is in advanced merger talks with OCI (Geleen, The Netherlands). According to “people familiar with the matter,” a deal could be concluded this month, says the newspaper....
http://www.chemweek.com/regions/north_america/us/CF-Industries-OCI-NV-in-merger-talks-report_72294.html
July 17, 2015
Dow Chemical says IRS has issued a favorable private letter ruling relating to the planned merger of Olin and Dow’s US Gulf Coast chlor-alkali and related businesses. The ruling satisfies a closing condition of the transaction....
http://www.chemweek.com/regions/north_america/us/Dow-Olin-deal-moves-forward-with-favorable-IRS-ruling_72284.html
July 17, 2015

Celanese reports second-quarter net earnings of $201 million, down 28% year-on-year (YOY) from $258 million. Sales totaled $1.48 billion, down 20% YOY from $1.77 billion. Adjusted earnings of $1.58/share easily beat the analysts’ consensus estimate of $1.42/share compiled by Thomson Reuters (New York).

...

http://www.chemweek.com/regions/north_america/us/Celanese-earnings-beat-estimates_72283.html
July 17, 2015
The National Hydrocarbons Commission (CNH; Mexico City) has announced the results of the initial tendering under the so-called Round-One—part of opening up of Mexico's crude oil...
http://www.chemweek.com/regions/north_america/Mexicos-initial-auction-for-shallow-water-exploration-blocks-a-disappointment_72279.html
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