IHS Chemical Week

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April 8, 2016
Fairfax India Holdings Corp. (Toronto) says that it has agreed to invest $300 million in the Sanmar Chemicals Group (Chennai, India), through a combination of equity and fixed income...
April 7, 2016
Speakers at a 2016 Biotech Outlook session on 7 April held by the Chemical Marketing and Economics (CM&E) Group expressed its optimism on the outlook of the biotechnology industry...
April 7, 2016
Honeywell is considering a sale of its nylon chemicals business, a maker of caprolactam and related products, according to a Bloomberg report. The report said that the business could...
April 7, 2016
Vale (Rio de Janeiro) denied that it was negotiating the sale of fertilizer assets to Yara (Oslo), according to a statement issued by the company on 6 April. The statement followed a...
April 7, 2016
Nova Chemicals (Calgary) has named Arnel Santos as senior v.p./operations, effective 18 April. Santos will be a part of the company’s senior management team and will succeed Bill...
April 7, 2016
Dow today announced a settlement with the ‘opt-out’ plaintiffs in a urethanes price-fixing case, agreeing to pay $400 million. The settlement is expected to result in a net...
April 7, 2016
The IHS Materials Price Index (MPI) dropped 2.8% during the week ending 1 April on a 3.8% decline in oil and a 5.2% decline in chemicals, ending a six-week streak of increases. The decline in oil prices was partly driven by remarks that Saudi Arabia wants Iran to participate in the upcoming Doha talks, which would make a deal on production cuts less likely, says Cristian Niculescu-Marcu, economist/pricing & purchasing at IHS Global Insight. The decline in chemicals was associated with early March declines in Henry Hub natural gas prices, which dipped to $1.6/MMBtu, he says....
April 7, 2016
Air Liquide announced Thursday it has entered into long-term lease agreement to provide hydrogen to four fueling stations in the northeastern United States. The four stations, based in...
April 7, 2016
DRT (Dax, France), a company that specializes in the development of rosin and turpentine extracted from pine resin, held a groundbreaking ceremony on 5 April for a 60-acre turpentine...
April 6, 2016
During the week ended 2 April, chemical railcar traffic in North America increased 9.5% year-over-year (YOY) to 47,650 carloads, surging back after a 1.9% YOY decline the previous week. Chemical railcar traffic in North America has increased YOY for six of the last seven weeks, and eight of the 13 weeks since the start of 2016, according to data from the Association of American Railroads (AAR)....
April 6, 2016
Braskem Idesa, a 75-25 joint venture between Braskem and Grupo Idesa, started polyethylene (PE) production at its Coatzacoalcos, Mexico complex on 6 April. The jv started injecting...
April 6, 2016
RPM on Wednesday reported fiscal third-quarter net income of $18.6 million, or 14 cts/share, compared with a loss of $57.3 million in the year-ago quarter, on net sales up 4.5%...
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