IHS Chemical Week

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April 25, 2016
DuPont reported first-quarter net income of $1.2 billion, up 19% year-on-year (YOY) due mainly to a gain from the sale of assets in China. Reported operating earnings of $1.26/share...
April 25, 2016
Axiall (Atlanta) says that China Petrochemical Development Corp. (CPDC; Taipei) has exercised an option to sell its 40% share in Taiwan Chlorine Industries (TCI; Kaohsiung) to Axiall for $100 million. However, a contractual obligation requires PPG to make the acquisition, Axiall says....
April 25, 2016
Lanxess said on Monday that it is taking over the clean and disinfect business of Chemours. The operation comprises active ingredients and specialty chemicals used in disinfectant and...
April 25, 2016
Petroquímica Mexicana de Vinilo (PMV), a 56-44 joint venture between Mexichem (Tlalnepantla, Mexico) and Petróleos Mexicanos (Pemex; Mexico City), has declared force...
April 22, 2016
The death toll from the 20 April explosion at Petroquímica Mexicana de Vinilos (PMV)—a 56–44 joint venture of Mexichem (Tlalnepantla, Mexico) and Petróleos...
April 22, 2016
BASF announced on Friday that it signed an agreement to sell its global polyolefin catalysts business to W.R. Grace. BASF and Grace intend to complete the transaction in the third quarter of 2016....
April 22, 2016
ExxonMobil says it has started production at the Point Thomson natural gas condensates project on Alaska’s North Slope. The central pad will produce about 5,000 bbl/day of condensate, as well as 100 million cubic feet/day of natural gas, which will be re-injected for future recovery. The facility will reach its full production rate of 10,000 bbl/day of condensate when the west pad is brought online in a few months, says the company....
April 22, 2016
LyondellBasell reports first-quarter net income of $1.030 billion, down 11.5% year-over-year (YOY) from $1.164 billion. Declines in the olefins & polyolefins - Americas (O&P-Americas) and intermediates & derivatives (I&D) segments were somewhat offset by a gain in olefins & polyolefins - Europe, Asia, international (O&P-EAI). Sales totaled $6.743 billion, down 17.6% YOY. Adjusted earnings of $2.30/share beat the average analyst’s estimate of $2.28/share, as compiled by Thomson Reuters (New York)....
April 22, 2016
Repsol (Madrid) has entered into an agreement with Abastible (Santiago) to sell Repsol's liquefied petroleum gas (LPG) businesses in Peru, for 980 million Peruvian soles ($295...
April 21, 2016
Kuraray is studying the construction of a vinyl acetate monomer (VAM) plant in the Pasadena or Bayport, TX, area. The company discussed the plan during a grand opening celebration of its $300-million polyvinyl alcohol (PVOH) plant at Pasadena on 21 April. Kuraray did not say when the study would be complete....
April 21, 2016
PPG today completed the sale of its 40% stake in Pittsburgh Glass Works (PGW) to auto parts maker LKQ Corporation, as the company exits the automotive glass business. The stake sale is...
April 21, 2016
Altivia (Houston) has named Timothy Albert to plant manager of its petrochemical complex in Haverhill, OH. He was most recently plant manager at Chemours’ sulfuric acid plant in...
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