IHS Chemical Week

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October 31, 2016
Acme Hardesty, a division of Jacob Stern & Sons, has appointed Jeff Kenton as president, effective 1 November. Kenton will report to Jacob Stern CEO Doug Stevens, and will be...
October 31, 2016
W.R. Grace & Co. (Grace; Columbia, Maryland) says it will provide its Unipol PP process technology and services to Braskem’s planned 450,000 metric ton/year polypropylene (PP) plant at La Porte, Texas, slated to go online in 2019....
October 31, 2016
ExxonMobil says its Port Allen aviation lubricants plant at its Baton Rouge, Louisiana complex has achieved full production. The 90,000 square foot facility is part of a $200-million...
October 31, 2016
Renewable Energy Group (REG; Ames, Illinois) says its life sciences business has delivered its first commercial product, a specialty fatty acid. The company says it has supplied...
October 31, 2016
Nevada Energy Metals has announced the results of sampling at its 100%-owned San Emidio desert project, Nevada. The lithium concentration in the samples ranged from 30 parts per...
October 31, 2016
OCSiAl (Columbus, Ohio), a nanotechnology firm, has announced that it has completed a registration of single-wall carbon nanotubes (SWCNT) under the European Union’s Restriction...
October 28, 2016
Amyris (Emeryville, California) says it has entered into a research agreement with a commercial license option with one of the top ten largest global pharmaceutical companies. Under...
October 28, 2016
Kraton (Houston) reports net income of $15.6 million for the third quarter, up 84% year-over-year (YOY) from $8.4 million. Revenue totaled $454 million, up 69% YOY on the contribution of Arizona Chemical, which was acquired in January 2016. Adjusted earnings increased 31% YOY to $0.63/share, but missed the consensus estimate of $0.71/share. "Overall, our results for the third quarter 2016 were below our expectations principally due to incremental margin pressure in our adhesives businesses, lower than planned sales of SBS [styrene-butadiene-styrene] into paving applications and the impact of lower pricing for TOFA [tall oil fatty acids] in our chemical intermediates business," says Kevin M. Fogarty, president and CEO....
October 28, 2016
ExxonMobil reports third-quarter chemical earnings of $1.171 billion, down 4.6% year-over-year (YOY) from $1.227 billion on higher maintenance costs, partially offset by increased specialty product sales. The company’s total earnings declined 38% YOY, with upstream earnings falling 46% YOY to $620 million and its downstream earnings falling 40% YOY to $1.229 billion....
October 28, 2016
Phillips 66 (Houston) reports that its chemicals segment, a 50% share of Chevron Phillips Chemical (CPChem), brought in earnings of $101 million during the third quarter, down 60% year-over-year (YOY) from $252 million, and 47% from the second-quarter’s $190 million....
October 28, 2016
Huntsman (The Woodlands, Texas) reports net income for the third quarter of $64 million, up 1.6% year-over-year (YOY) from $63 million, on sales of $2.363 billion, down 10.4% YOY. Adjusted earnings fell 19.1% YOY to $0.38/share, beating the consensus estimate of $0.35/share. The company cited lower selling prices and volumes accounted for most of the declines....
October 28, 2016
PPG has completed the first phase of an expansion project at its facility at Tepotzotlan, Mexico. The completed expansion adds production and distribution capacity for automotive...
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