IHS Chemical Week

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October 31, 2014
PDVSA (Caracas) and Hess Corp. (New York) have reached a tentative agreement to sell their 355,000- bbl/day Hovensa refinery at Saint Croix, US Virgin Islands, to Atlantic Basin...
http://www.chemweek.com/regions/north_america/PDVSA-Hess-agree-to-sell-refinery-petchems-site-in-US-Virgin-Islands_65030.html
October 31, 2014
The US Energy Department’s Office of Energy Efficiency and Renewable Energy, Bioenergy Technologies has awarded a grant of up to $2.5 million to NatureWorks (Blair, NE) in...
http://www.chemweek.com/regions/north_america/NatureWorks-awarded-$2-5-million-grant-for-biomethane-to-chemicals-R-and-D-collaboration_65029.html
October 31, 2014
Rentech Nitrogen (Los Angeles) has signed a long-term agreement with Tessenderlo Kerley Inc. (TKI; Phoenix), a Tessenderlo Group (Brussels) subsidiary, to supply TKI with ammonia...
http://www.chemweek.com/regions/north_america/Rentech-agrees-to-supply-ammonia-to-Tessenderlo-Kerley-for-new-liquid-fertilizer-plant_65023.html
October 31, 2014
Chemtura is launching a “Dutch auction” share buyback offer, with authorization to purchase up to $300 million in shares of common stock at $21.50-$24.50/share. The buyback...
http://www.chemweek.com/regions/north_america/Chemtura-launches-"Dutch-auction"-share-buyback_65031.html
October 31, 2014
Brazil imported $4.2 billion of chemicals during the month of September, an increase of 8.9% compared with September 2013, according to figures released by Abiquim (São Paulo)...
http://www.chemweek.com/regions/south_america/brazil/Brazils-chemical-imports-up-almost-9-percent-in-September_65021.html
October 31, 2014
Brazil's chemical production decreased 3.18% year-on-year (YOY) during the third quarter, according to preliminary data released by the economics and statistics team of Brazil's...
http://www.chemweek.com/regions/south_america/brazil/Brazils-chemical-production-down-more-than-3-percent-in-third-quarter_65022.html
October 31, 2014
US EPA today approved a Texas state program to issue greenhouse gas (GHG) permits, eliminating the need for companies to seek air permits from federal regulatory agencies in Texas. The...
http://www.chemweek.com/regions/north_america/us/EPA-approves-Texas-GHG-permitting-program_65028.html
October 31, 2014
BASF says its BASF Venture Capital subsidiary has invested $1.5 million in SLIPS Technolgies (Cambridge, MA), part of a $3 million series A financing. Swiss entrepreneur and private...
http://www.chemweek.com/regions/north_america/BASF-invests-$1-5-million-in-SLIPS-Technologies-signs-joint-development-agreement_64890.html
October 31, 2014
ExxonMobil posted third-quarter chemical earnings of $1.2 billion, up 17% from same year-ago quarter quarter on stronger commodity margins. Margins increased earnings by $210 million...
http://www.chemweek.com/regions/north_america/us/ExxonMobil-Chemical-earnings-up-17-percent-on-flat-volume_65025.html
October 31, 2014
Cirrus Pharmaceuticals (Research Triangle Park; NC), a wholly owned subsidiary of Kemwell (Bangalore), which is a 100% services oriented company providing pharmaceutical contract...
http://www.chemweek.com/regions/north_america/Cirrus-Pharmaceuticals-invests-in-cGMP-plant-in-North-Carolina_65016.html
October 30, 2014
Eastman Chemical’s third-quarter net earnings fell 31%, to $212 million, due to the one-time impact of restructuring changes, Operating earnings were $427 million, up 5.4% YOY on higher advanced materials and adhesives and plasticizers earnings. Eastman says it now expects full-year earnings to “approach $7/share,” toward the higher end of previous estimates....
http://www.chemweek.com/regions/north_america/us/Eastman-earnings-fall-on-one-time-charges-full-year-outlook-remains-strong_65007.html
October 30, 2014
Methanex (Vancouver, BC) reports third-quarter income of $52 million, down 40% year-over-year (YOY) from $87 million. Sales totaled $730 million, down 4% YOY from $758 million. Adjusted earnings of 69 cents/share beat the analysts’ consensus estimate of 64 cents/share compiled by Thomson Reuters....
http://www.chemweek.com/regions/north_america/Methanex-earnings-down-but-beat-estimates_64970.html
October 30, 2014
A July ethylene outage at the company’s Port Arthur, TX, facility took a large chunk out of Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) third-quarter earnings. Phillips 66 reports that its chemical segment, a 50% equity interest in CPChem, turned in earnings of $230 million for the third quarter, a 29% year-over-year (YOY) decline from $324 million....
http://www.chemweek.com/regions/north_america/CPChem-earnings-down-29-percent-on-Port-Arthur-outage_64958.html
October 30, 2014
The governor of Virginia Terry McAuliffe announced today that the Chinese company UniTao Pharmaceuticals has purchased the Boehringer Ingelheim plant at Petersburg and plans to invest...
http://www.chemweek.com/regions/north_america/Chinese-company-buys-Boehringer-Ingelheim-plant-in-Virginia_64975.html
October 30, 2014
Bristol-Myers Squibb and Lonza today announced a multi-year expansion of their biologics manufacturing agreement. The contract expansion will include the production of commercial...
http://www.chemweek.com/regions/north_america/Lonza-and-Bristol-Myers-Squibb-expand-manufacturing-agreement_64987.html
October 30, 2014
Air Products reports net income of $104 million, a 24% decline year-over-year (YOY) for its fiscal fourth quarter ended 30 September. Net income includes an after-tax charge of $256...
http://www.chemweek.com/regions/north_america/Air-Products-reports-income-decline-on-Latin-American-tax-charge_64971.html
October 30, 2014
Lubrizol today announced an alliance between Lubrizol LifeSciences, a leading supplier of advanced materials for the healthcare industry, and Particle Sciences (Bethlehem, PA), an...
http://www.chemweek.com/regions/north_america/Lubrizol-forms-alliance-with-Particle-Sciences-following-Vesta-acquisition_64972.html
October 30, 2014
Mosaic today reported third-quarter net earnings of $202 million, up 62% YOY. Earnings per share of 54 cts/share fell slightly below analyst estimates of 56 cts/share, according to...
http://www.chemweek.com/regions/north_america/Mosaic-earnings-up-on-phosphates-strength_64949.html
October 30, 2014
NewMarket today reported third-quarter net income of $56.9 million, or $4.53/share, down 27.9% year-on-year (YOY), on sales up 1.6%, to $589.7 million. Net income included results from...
http://www.chemweek.com/regions/north_america/NewMarket-earnings-fall-despite-sales-increase_64950.html
October 30, 2014
Intrepid Potash says that its third-quarter sales volumes were up, but the company reported a net loss of $1.2 million compared with a gain of $2 million one year earlier. A per-share...
http://www.chemweek.com/regions/north_america/Intrepid-Potash-reports-net-loss-for-third-quarter_64919.html
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