IHS Chemical Week

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April 24, 2015
Toyo Engineering (Narashino, Japan) today confirmed that it has been awarded a contract by Shin-Etsu Chemical’s Shintech subsidiary in the United States to construct the...
http://www.chemweek.com/regions/north_america/us/CB-and-I-Toyo-Engineering-confirm-contracts-for-Shin-Etsus-ethane-cracker-project-in-US_69793.html
April 24, 2015
Benzene spot prices have hit the $3.00/gallon mark in the United States for the first time in 2015, following a jump in NYMEX WTI crude futures. The jump also comes alongside stronger...
http://www.chemweek.com/regions/north_america/Benzene-hits-$3-00gal-in-US-on-stronger-demand-rising-crude_69718.html
April 24, 2015
LyondellBasell Industries could soon idle its metathesis unit at Channelview, TX, amid declining propylene prices, according to IHS Chemical analysts. The metathesis process consumes...
http://www.chemweek.com/regions/north_america/LyondellBasell-may-idle-metathesis-unit-as-propylene-prices-decline_69717.html
April 23, 2015
Dow Chemical reports income for the first quarter of $1.52 billion, up 42% year-over-year (YOY) from $1.07 billion on strong margin and volume gains, particularly in the performance plastics, and performance materials and chemicals, and consumer solutions segments. Sales fell 14% YOY to $12.37 billion lower prices and currency effects. Earnings of 84 cts/share beat the consensus estimate of 76 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Dow-sails-by-estimates-on-margin-and-volume-gains-despite-14-percent-sales-drop_69713.html
April 23, 2015
During the week ended 18 April, chemical railcar traffic in North America increased 3.9% year-over-year (YOY) on continued gains in the United States and Canada. Chemical rail traffic in Mexico remains down YOY....
http://www.chemweek.com/regions/north_america/North-America-weekly-chemical-rail-traffic-up-3-9-percent-YOY_69716.html
April 23, 2015
Chemours, DuPont’s soon-to-be-independent performance chemicals division, today announced it will issue about $2.5 billion in senior unsecured bonds. Some $2.125 billion of the...
http://www.chemweek.com/regions/north_america/Chemours-to-issue-about-$2-5-billion-in-bonds_69715.html
April 23, 2015
Shin-Etsu has made a final decision to build a $1.4-billion ethane cracker at its Plaquemine, LA complex, the company’s first US ethylene investment. Shin-Etsu, the largest...
http://www.chemweek.com/regions/north_america/us/Shin-Etsu-to-proceed-with-plans-for-US-cracker_69700.html
April 23, 2015
Lubrizol says that it will invest about $100 million over the next five years at the company’s Painesville, OH facility to increase production capacity and improve site...
http://www.chemweek.com/regions/north_america/us/Lubrizol-to-invest-$100-million-to-expand-Painesville-facility_69709.html
April 22, 2015
Trian CEO Nelson Peltz told investors yesterday that former LyondellBasell CEO James Gallogly asked to be CEO-designee at DuPont as a condition of joining Trian’s proposed slate of directors at DuPont. Trian is waging a proxy battle to seat four directors at DuPont’s annual meeting in Wilmington, DE on 13 May....
http://www.chemweek.com/regions/north_america/us/Trian-says-Gallogly-pushed-for-CEO-role-at-DuPont_69682.html
April 22, 2015
PTT Global Chemical (Bangkok; PTTGC) and Marubeni Corp. (Tokyo) have selected a site in Belmont County, Ohio for a proposed world-scale ethane cracker and petrochemical complex...
http://www.chemweek.com/regions/north_america/PTT-Marubeni-select-Ohio-site-for-proposed-cracker_69695.html
April 22, 2015
Balchem says it has appointed Ted Harris as its president and CEO, effective 28 April. Harris was most recently senior v.p. and president/performance materials at Ashland. He headed...
http://www.chemweek.com/regions/north_america/Former-Ashland-senior-v-p-to-join-Balchem-as-CEO_69678.html
April 22, 2015
China Steel Corporation (CSC), Taiwan’s largest integrated steel maker, has announced formal board approval of a TWD 1400 million  (US$46 million) capital investment in...
http://www.chemweek.com/regions/north_america/Tawain-steelmaker-invests-$46-million-in-LanzaTech_69696.html
April 22, 2015
US propylene stocks were flat for the week that ended on April 17th, according to data released by the Energy Information Administration (EIA) on Wednesday. The stable domestic supply...
http://www.chemweek.com/regions/north_america/US-propylene-inventories-flat-for-second-week-says-EIA_69679.html
April 22, 2015
DuPont announced today that it has agreed to acquire microbiome discovery firm  Taxon Biosciences (Tiburon, CA) to accelerate commercialization of biological solutions for...
http://www.chemweek.com/regions/north_america/DuPont-to-acquire-Taxon-Biosciences_69681.html
April 22, 2015
Teva Pharmaceutical Industries (Petaḥ Tiqwa, Israel) has proposed to acquire Mylan in a transaction valued at $82.00/Mylan share, or a total of about $40 billion, with the...
http://www.chemweek.com/regions/north_america/us/Teva-offers-to-acquire-Mylan-for-$40-billion_69661.html
April 22, 2015
Mexichem's (Tlalnepantla, Mexico) net income from continuing operations plunged during the first quarter to $14 million, down 74% year-on-year (YOY), according to the company's...
http://www.chemweek.com/regions/north_america/Mexichems-net-income-takes-a-plunge-in-first-quarter_69676.html
April 22, 2015
Air Products says that Marie Ffolkes has been appointed to president/industrial gases, Americas, effective 18 May. Ffolkes comes to Air Products with 20 years of manufacturing...
http://www.chemweek.com/regions/north_america/us/Air-Products-appoints-presidentindustrial-gases-Americas_69659.html
April 21, 2015
DuPont today reported net income down 28% year-on-year (YOY), to $1.03 billion, on net sales down 9%, to $9.17 billion. Operating earnings totaled $1.34/share, beating analysts’...
http://www.chemweek.com/regions/north_america/DuPont-earnings-fall-on-currency-impacts-but-beat-estimates_69641.html
April 21, 2015
ACC’s Chemical Activity Barometer (CAB), a leading economic indicator and measure of industry activity, is up 0.1% sequentially in April after being flat in March and up 0.1% in...
http://www.chemweek.com/regions/north_america/Chemical-Activity-Barometer-ticks-higher-in-April_69653.html
April 21, 2015
Germany’s chemical industry trade association VCI (Frankfurt) has called for more objectivity and “an open discussion of the content” in the continuing discussions...
http://www.chemweek.com/regions/north_america/VCI-calls-for-more-factual-discussion-over-TTIP_69584.html
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