IHS Chemical Week

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February 23, 2016
Westlake Chemical Partners (Houston), a master limited partnership that manages ethylene production for Westlake Chemical (Westlake; Houston), reports fourth-quarter net income of $10.8 million, up 26% year-on-year from $8.6 million. The gain resulted mainly from an increased stake in Westlake Chemical OpCo, which holds the actual ethylene production assets, the company says. Adjusted earnings of 40 cts/share were just short of the average analysts’ estimate of 41 cts/share compiled by Thomson Reuters (New York)....
February 23, 2016
Petróleos de Venezuela (PDVSA; Caracas) and Rosneft (Moscow) have agreed to jointly invest $500 million in Venezuela's Orinoco heavy oil belt. Following the signing, Rosneft's...
February 23, 2016
Nova Chemicals (Calgary) has hired Julie Beck as senior v.p. and CFO, beginning 29 February. Beck, who was last v.p./finance and divisional CFO of Joy Global’s underground mining segment, will be based at Nova’s Pittsburgh, PA, US commercial center....
February 23, 2016
Eastman Chemical announced the retirement of COO Ronald Lindsay, effective 1 July, and senior v.p./integrated supply chain and chief regional and sustainability officer Godefroy Motte...
February 23, 2016
Westlake Chemical (Houston) says net income for the fourth quarter totaled $110.0 million, down 39.4% year-over-year (YOY). Net sales for the quarter totaled $986.8 million, down 13.1% YOY. Both resulted mainly from lower sales prices, partially offset by higher volume. Adjusted earnings of 84 cts/share missed the mean analyst estimate of 99 cts/share as compiled by Thomson Reuters (New York)....
February 23, 2016
Ecolab today reported fourth-quarter net income down 38% year-on-year (YOY), to $208.9 million, or 69 cts/share, on sales down 7%, to $3.41 billion. Adjusted earnings, which one-time...
February 23, 2016
DSM says that its DSM Engineering Plastics Americas (Troy, MI) business will expand its operations at Evansville, IN, creating up to 25 jobs by the end of the year. The company will...
February 22, 2016
Chemtura today reported fourth-quarter net earnings of $66 million, compared with $703 million in the year-ago quarter due to a one-time gain on the sale of the company’s agchems...
February 22, 2016
Gulf Coast market players were trying to work around heavy fog conditions at Houston Ship Channel early Monday. The Houston Ship Channel was open, but the Houston Pilots, an...
February 22, 2016
A shutdown of Flint Hills Resources (FHR) propane dehydrogenation (PDH) unit in Houston had no major impact on the US propylene market on Monday. FHR reportedly said in a community...
February 22, 2016
Polymers Solutions Group (PSG; Rome, GA), which is owned by private equity firm Arsenal Capital, has acquired Flow Polymers (Cleveland), a maker of custom dispersions and homogenizing...
February 22, 2016
Northwest Innovation Works (NWIW; Kalama, WA), a company owned by Chinese investors, said on Friday that it is halting work on a mega methanol complex at Tacoma, WA, in the US Pacific...
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