IHS Chemical Week

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October 27, 2015
Hexion says that George Knight has been appointed as executive v.p. and CFO of the company, effective 1 January 2016. He will succeed William Carter, who will retire at the end of...
http://www.chemweek.com/regions/north_america/us/Hexion-appoints-new-CFO_74675.html
October 27, 2015
Huntsman reports net income of $55 million for the third quarter, down 71% year-over-year (YOY), on revenues of $2.638 billion, down 9% YOY. Adjusted earnings of 47 cts/share, beating the analysts’ consensus estimate of 41 cts/share as compiled by Thomson Reuters (New York). Sales and earnings declined in all segments, mainly on currency effects, but also lower volumes in advanced materials, textile effects, and pigments & additives....
http://www.chemweek.com/regions/north_america/us/Huntsman-reports-income-down-71-percent-beats-estimates_74694.html
October 27, 2015
Green Plains Inc. (Omaha, NE) today announced that it has acquired an idled ethanol production facility at Hopewell, VA  from Future Fuels (Clayton, MS).  Operating at full...
http://www.chemweek.com/regions/north_america/Green-Plains-buys-Missouri-ethanol-plant_74665.html
October 27, 2015
Platform Specialty Products (West Palm Beach, FL) says that Daniel Leever, its president, vice chairman, and CEO, will retire as soon as “a suitable successor has been...
http://www.chemweek.com/regions/north_america/Platform-Specialty-Products-CEO-to-step-down-update_74649.html
October 26, 2015
Ineos Oligomers has asked the Texas Commission on Environmental Quality (TCEQ) for permission to build a planned 350,000 m.t./year linear alpha-olefins (LAO) plant at parent Ineos’s Chocolate Bayou works in Alvin, TX. Other locations are still under consideration, however....
http://www.chemweek.com/regions/north_america/us/Ineos-seeks-permit-to-build-350000-m-t-year-LAO-plant-at-Chocolate-Bayou-facility_74663.html
October 26, 2015
Air Products says it is spending $350–400 million to build a steam methane reformer (SMR), to produce hydrogen and carbon monoxide at Baytown, TX. The facility will be connected...
http://www.chemweek.com/regions/north_america/Air-Products-to-build-hydrogen-facility-in-Texas_74650.html
October 23, 2015

Styrolution has suspended development of an acrylonitrile-butadiene-styrene (ABS) joint venture with Braskem, citing market conditions in Brazil and the rest of South America. “Sadly, the rapid deterioration of the business climate in the region has significantly increased market and project execution risk,” says Kevin McQuade, CEO, Styrolution.

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http://www.chemweek.com/regions/south_america/brazil/Styrolution-puts-ABS-JV-with-Braskem-on-hold_74644.html
October 23, 2015
Elevance Renewable Sciences (Woodbridge, IL) says it has named Tony Parnell, formerly v.p./global supply chain at Albemarle, CEO effective today. He replaces founding chief executive...
http://www.chemweek.com/regions/north_america/Elevance-appoints-Albemarle-exec-CEO_74645.html
October 23, 2015
LyondellBasell Industries reports third-quarter net income of $1.186 billion, down 6% year-over-year (YOY), on sales of $8.334 billion, down 31% YOY. Adjusted earnings of $2.80/share were well ahead of the mean analysts’ estimate of $2.57, as compiled by Thomson Reuters (New York). Analysts attributed the beat to higher ethylene margins resulting from lower ethylene costs....
http://www.chemweek.com/regions/north_america/us/LyondellBasell-beats-estimates-as-income-drops-6-percent_74632.html
October 23, 2015
Norfolk Southern Corp. (Norfolk, VA) says that its rail-operating subsidiaries will no longer accept shipments of poisonous-inhalation-hazard (PIH) commodities, effective 1 December...
http://www.chemweek.com/regions/north_america/Norfolk-Southern-to-halt-shipments-of-hazardous-chemicals-pending-installation-of-safety-technology_74643.html
October 23, 2015
Calgon Carbon today has announced changes to its leadership and reporting structure, effective 1 January 2016. The company will be organized in two reporting segments: advanced...
http://www.chemweek.com/regions/north_america/Calgon-Carbon-shuffles-leadership-segments_74642.html
October 23, 2015
Minerals Technologies (MTI) has reported third-quarter net income down 21% year-on-year (YOY), to $29.2 million, on net sales down 17%, to $451.0 million. Results were hit by the...
http://www.chemweek.com/regions/north_america/MTI-net-income-falls-on-soft-demand-strong-dollar_74633.html
October 23, 2015
Private equity firm Edgewater Capital (Cleveland) says it is acquiring ChemQuest (Pasadena, TX), a blender and distributor in the oilfield, ag, and industrial chemicals sectors, for an...
http://www.chemweek.com/regions/north_america/Edgewater-Capital-to-acquire-Texas-distributor_74631.html
October 23, 2015
Pallas Nitrogen Texas (Dallas) says that it has completed "significant development, permitting, and engineering" on a project to build an ammonia plant at Pasadena, TX...
http://www.chemweek.com/regions/north_america/Private-firm-builds-ammonia-plant-at-Air-Products-site-in-Texas-Air-Products-will-supply-hydrogen_74630.html
October 23, 2015
Syngas Energy Holdings (Houston) plans to build a $360-million, 500,000-m.t./year methanol plant in St. James Parish, LA, according to a press release issued by Louisiana Economic Development (LED). Assuming permits are granted, Syngas Energy expects to begin construction in the second quarter of 2016, with start up to come at the end of 2018. The plant would be expanded to 700,000 m.t./year in a later phase....
http://www.chemweek.com/regions/north_america/us/Syngas-Energy-plans-to-build-500000-m-t-year-methanol-plant-in-St-James-Parish-LA_74589.html
October 22, 2015
Dow reports net income for the third quarter of $1.3 billion, up 51% year-on-year (YOY). Excluding one-time items, net income was $959 million, up 12% as higher earnings in performance plastics and consumer solutions offset declines in agricultural sciences, infrastructure solutions, and performance materials and chemicals. Reported operating earnings of 82 cts/share were up 14% YOY and 19% above the mean analyst estimate compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Dow-beats-estimates-on-margin-gains-plastics-strength-updated_74542.html
October 22, 2015
Cytec today reported third-quarter net earnings up 11% year-on-year (YOY), to $59.5 million, on sales down 2%, to $497 million. Excluding special items, third-quarter net earnings from...
http://www.chemweek.com/regions/north_america/Cytec-earnings-rise-on-lower-raw-material-prices_74622.html
October 22, 2015
Sensient Technologies (Milwaukee) has reported sales of $344.5 million in the third quarter compared with sales of $364.5 million in the corresponding quarter of 2014, a decline of...
http://www.chemweek.com/regions/north_america/Sensient-sales-decline-profit-leaps-20-percent_74539.html
October 22, 2015
3M today reported third-quarter net income that was roughly flat year-on-year (YOY), at $1.30 billion, on sales down 5.3%, to $7.71 billion. Earnings totaled $2.05/share, beating...
http://www.chemweek.com/regions/north_america/3M-beats-estimates-despite-tepid-industrial-segment-results_74580.html
October 22, 2015
Sherwin-Williams (SW) says it has named John Morikis as its next CEO, effective 1 January 2016. Morikis replaces Christopher Connor, who has been CEO for 16 years and will remain...
http://www.chemweek.com/regions/north_america/Sherwin-Williams-names-new-CEO-buys-back-shares_74551.html
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