IHS Chemical Week

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May 21, 2015
Propylene stockpiles increased in the United States for the week ended 15 May, according to data released by the Energy Information Administration. Non-fuel use propylene stocks were...
http://www.chemweek.com/regions/north_america/Propylene-stocks-up-in-US-for-first-time-in-two-weeks_70526.html
May 21, 2015
Monsanto confirmed on Wednesday that it is working toward acquiring Syngenta, and its plans includes divesting all of Syngenta’s seeds and traits business, which had sales...
http://www.chemweek.com/regions/north_america/Monsanto-confirms-plans-to-divest-Syngentas-seeds-business-to-gain-takeover-approval_70554.html
May 21, 2015
Borealis says that it has reached a preliminary agreement with Agrifos Partners (Miami Beach, FL), a project development company, to jointly develop a world-scale ammonia project...
http://www.chemweek.com/regions/north_america/us/Borealis-and-Agrifos-to-form-JV-for-ammonia-production-project-in-US_70552.html
May 20, 2015
Trian Fund Management (New York) founder and CEO Nelson Peltz won about 43% of the vote in last week’s DuPont board election, according to preliminary results released yesterday...
http://www.chemweek.com/regions/north_america/Peltz-won-north-of-40-percent-of-vote-in-DuPont-board-fight_70546.html
May 20, 2015
DSM and Ascend Performance Materials said today that they have formed a worldwide alliance for the supply of compounds based on nylon-6,6. Under the agreement, Ascend becomes the...
http://www.chemweek.com/regions/north_america/DSM-Ascend-form-alliance-for-supply-of-nylon-66-compounds_70511.html
May 20, 2015
American GTL Energy Holdings (Pittsburgh, PA) said on Wednesday that it had completed a front-end loading (FEL) 2 level study into the feasibility of building a 20,000-bbl/day...
http://www.chemweek.com/regions/north_america/American-GTL-advances-shale-gas-to-liquids-project-shortlists-site_70529.html
May 20, 2015
Petróleos Mexicanos (Pemex) is seeking to focus on more profitable areas such as crude oil exploration and production (E&P) activities and the company does not exclude the...
http://www.chemweek.com/regions/north_america/Report-Pemex-mulls-sale-of-refining-petrochemical-assets_70528.html
May 20, 2015
Scotts Miracle-Gro has agreed to pay Monsanto $300 million to extend a long-term Roundup brand license for the lawn and garden consumer market, Monsanto announced today. Scotts...
http://www.chemweek.com/regions/north_america/Scotts-Miracle-Gro-pays-$300-million-to-extend-Roundup-license_70524.html
May 20, 2015
Sociedad Química y Minera de Chile (SQM; Santiago) reports net income of $71.7 million for the first quarter, down from $81 million one year earlier. Income before tax was $99.6...
http://www.chemweek.com/regions/south_america/argentina/SQMs-first-quarter-net-income-shrinks_70519.html
May 20, 2015
Sekisui Chemical (Tokyo) says that its Sekisui Polymer Innovations (SPI; Bloomsburg, PA) subsidiary has decided to establish a new plant to produce polyvinyl chloride (PVC) sheets, at...
http://www.chemweek.com/regions/north_america/us/Sekisui-Chemical-to-build-PVC-sheet-facility-in-Pennsylvania_70516.html
May 20, 2015
OCI (Amsterdam), a global producer of fertilizers and methanol, in its trading update on Wednesday said that first quarter 2015 revenue was lower than in the same period last year...
http://www.chemweek.com/regions/north_america/OCI-reports-lower-sales-and-production-volumes-due-to-plant-upgrades-gas-shortages_70512.html
May 19, 2015
The US benzene market may hit a floor this week, according to IHS Chemical analysts, as spot prices have moved well below the $2.50/galmark on the back of ongoing styrene turnarounds...
http://www.chemweek.com/regions/north_america/US-benzene-market-looking-for-a-floor-amid-supply-glut_70506.html
May 19, 2015
LyondellBasell has named Daniel Coombs executive v.p./intermediates and derivatives, with additional responsibility for supply chain, procurement, and technology, effective 29 May. He will replace Pat Quarles, who is leaving to take a leadership position at an unidentified “major US company."...
http://www.chemweek.com/regions/north_america/us/LyondellBasell-taps-CPChem-executive-to-lead-intermediates-and-derivatives_70497.html
May 19, 2015
Solvay has formed a 50-50 joint venture with Enirgi Chemicals (Toronto), a diversified industrials and chemicals company, to produce sodium bicarbonate materials for industrial...
http://www.chemweek.com/regions/north_america/Solvay-forms-sodium-bicarbonate-JV-for-air-pollution-applications_70496.html
May 19, 2015
Agricultural chemical firm Nufarm's wholly owned seed and traits subsidiary says it has partnered with Legend Seeds (De Smet, SD), the largest independent seed company in the...
http://www.chemweek.com/regions/north_america/us/Nufarm-subsidiary-and-Legend-Seeds-partner-in-US_70488.html
May 18, 2015
A. Schulman says that it has expanded its polyethylene terephthalate (PET) compounding capacity by adding a production line at the masterbatch plant at Bornem, Belgium. The added PET...
http://www.chemweek.com/regions/north_america/us/Schulman-completes-PET-masterbatch-compounding-expansion-in-Belgium_69795.html
May 18, 2015
Alpek’s (Monterrey, Mexico) first-quarter net income totaled $48 million, up 32% year-on-year (YOY), according to the latest company's results. Ebitda was up to $137 million from...
http://www.chemweek.com/regions/north_america/Alpeks-first-quarter-net-income-up-despite-lower-prices-due-to-higher-sales-volume_69844.html
May 18, 2015
Private equity firm Arsenal Capital (New York) has announced it is selling Royal Adhesives and Sealants (South Bend, IN) to American Securities (New York), another private equity firm...
http://www.chemweek.com/regions/north_america/Arsenal-Capital-to-sell-Royal-Adhesives-to-American-Securities_69843.html
May 18, 2015
Frutarom Industries (Herzliya, Israel), a leading global flavors and specialty fine ingredients firm, announced on Sunday that it has signed an agreement to acquire 95% of the shares...
http://www.chemweek.com/regions/north_america/Frutarom-acquires-flavors-producer-in-Canada-its-fifth-acquisition-this-year_70452.html
May 18, 2015
Chemours, DuPont’s performance chemicals subsidiary, says eight individuals have been selected to serve on its board of directors after the company’s planned spin-off from DuPont on 1 July. Richard Brown, formerly chair and CEO of Electronic Data Systems (EDS) and a member of DuPont’s board during 2001–15, will chair the board, The other board members will be Curtis Anastasio, Bradley Bell, Mary Cranston, Curtis Crawford, Dawn Farrell, Stephen Newlin, and Mark Vergnano....
http://www.chemweek.com/regions/north_america/us/Chemours-names-board-to-serve-after-spin-off-from-DuPont_70470.html
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