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February 4, 2016
BASF has appointed Marcelo Lu as president BASF Canada effective 1 February 2016. He succeeds Carles Navarro, who now heads BASF in Spain and Portugal. Lu will lead BASF Canada’s...
February 4, 2016
Mosaic announced on Wednesday that it will reduce phosphate production in response to current crop nutrient market conditions. The company intends to reduce production by up to 400,000...
February 4, 2016
Turnaround season in the North American styrene market began this week when Americas Styrenics (Amsty) took down a production line at its Donaldsonville, LA, facility for three weeks of planned maintenance. The turnaround is expected to have little impact on the styrene market, as all February contractual material has already been secured by consumers....
February 4, 2016
Monsanto announced the commercial launch of its Roundup Ready 2 Xtend soybeans after receiving import approval in China. The soybeans are now available for US and Canadian...
February 3, 2016
Reform of the United States’ Toxic Substances Control Act (TSCA), along with tariffs and Reach, are among the key regulatory issues for Socma in 2016. The group is optimistic...
February 3, 2016
PolyOne reports net income of $3 million for its fiscal fourth quarter, ended 31 December 2015, up from a loss of $15 million in the year-ago quarter. Adjusted earnings increased 8%...
February 3, 2016
During the week ended 30 January, chemical railcar traffic in North America increased 0.2% year-on-year as a gain in the United States offset a decline in Canada. Volume totaled 44,595 carloads, up 8.5% from the previous week, according to data the Association of American Railroads released on 3 February. For the year to date, chemical railcar traffic in North America is flat versus a 15% decrease in all railcar traffic....
February 3, 2016
Renewable Energy Group (REG; Ames, IA) has signed an asset-purchase agreement with Sanimax Energy (DeForest, WI) to acquire Sanimax’s 20-million gal/year nameplate capacity...
February 3, 2016
Dow plans to shut down 20% of its Deer Park, TX, acrylates capacity in response to poor market conditions. The company says it will also optimize turnaround and structural costs and explore co-producer supply agreements....
February 3, 2016
Kraton Performance Polymers has completed the sale of its compounding business to PolyOne for $72 million in cash. In conjunction with the sale, Kraton and PolyOne have entered into a...
February 3, 2016
Olin reports a net loss for the fourth quarter of $59.3 million, down from earnings of $12.8 million in the year-ago period. Sales totaled $1.267 billion, up from $500 million on the acquisition of Dow’s chlorine products business in October 2015. Adjusted earnings of 31 cts/share beat the average analyst estimate of 20 cts/share as compiled by Thomson Reuters (New York)....
February 3, 2016
Chemours is planning the construction of a $178 million plant at Ingleside, TX, for the production of the refrigerant HFO-1234yf, according to documents released by local authorities. Hydrofluoroolefin, HFO-1234yf is the cornerstone of the company’s Opteon line of low global-warming-potential (GWP) fluorocarbons, which Chemours has tapped to generate an additional $100 million in annual adjusted Ebitda by 2017....
February 8, 2016
ExxonMobil reports that its chemical segment turned in fourth-quarter earnings of $963 million, down 21% year-over-year (YOY) from $1.227 billion on declining margins and other effects. Declines in the United States were partially offset by gains abroad....
February 8, 2016
LyondellBasell reports net income for the fourth-quarter of $795 million, up 0.5% year-over-year (YOY) from $791 million. Sales totaled $7.071 billion, down 31.3%. Adjusted earnings of $2.20/share beat the average analyst estimate of $2.14/share as compiled by Thomson Reuters (New York). Lower ethylene margins took a large chunk of the earnings, partly offset by higher polyolefin volumes and margins....
February 5, 2016
Dow Chemical reported adjusted net income before one-time items of $1.1 billion, up 7% on a year-on-year (YOY) basis on strong margin gains in performance plastics and higher volumes in all regions....
February 3, 2016
US fourth-quarter propylene production increased, although inventories decreased, according to data released this week by the American Fuel & Petrochemical Manufacturers (AFPM)....
February 2, 2016
The US January ethylene net transaction contract settled lower for the second consecutive month on Tuesday, coming on the back of strong operating rates, healthy supply and bearish sentiment during January. The January ethylene net transaction (NT) contract price settled at 24.75 cts/lb, down by 1.00 ct/lb from December....
February 2, 2016
Total announced on Tuesday that it has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Pertamina (Jakarta) for the supply of LNG volumes increasing from...
February 2, 2016
The government of Alberta is seeking to attract petrochemical investment to the province via the government's Petrochemicals Diversification Program. The program is intended to...
February 2, 2016
Renewable chemicals maker Gevo (Englewood, CO) says it has partnered with Porta Hnos, a leading producer of alcohols in Argentina, to build at least four corn-based isobutanol plants...
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