IHS Chemical Week

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February 25, 2015
Westlake reports net income for the fourth quarter of $183 million, up 7% year-over-year (YOY) from $171 million on the advantage of converting from propane to ethane feedstock. Net sales increased 19% YOY to $1.1 billion, mainly on the contribution of Vinnolit Holdings, which Westlake acquired in the third quarter. Earnings of $1.37/share were just shy of the analysts’ consensus of $1.38/share reported by Thomson Reuters (New York) owing to the 3 cnt/share impairment of an equity investment....
http://www.chemweek.com/regions/north_america/us/Westlake-net-income-up-7-percent-on-feedstock-costs_68045.html
February 25, 2015
Chevron Phillips Chemical (CPChem) has production back up at its Cedar Bayou, TX, steam cracker, according to market sources this week. However, the company would not confirm any...
http://www.chemweek.com/regions/north_america/Sources-CPChem-production-back-up-at-Cedar-Bayou_68061.html
February 24, 2015
Renewable chemical and fuel firm Amyris (Emeryville, CA) reports net income of $58 million for its fiscal fourth quarter, up from a loss of $139.4 million in the year-ago quarter. The...
http://www.chemweek.com/regions/north_america/Amyris-expects-to-more-than-double-sales-in-2015_68062.html
February 24, 2015
Alpek (Monterrey, Mexico) reported a net loss of $25 million during the fourth quarter of 2014 compared with a $9-million loss in the fourth quarter of 2013. The quarterly loss...
http://www.chemweek.com/regions/north_america/Alpeks-loss-widens-in-fourth-quarter-exits-Russian-JV_68051.html
February 24, 2015
The construction of Yacimientos Petroliferos Fiscales Bolivianos' (YPFB; La Paz) previously announced fertilizer complex at Bulo Bulo, Bolivia, is advancing and is 64.4% complete, says...
http://www.chemweek.com/regions/south_america/brazil/Bolivias-YPFB-fertilizer-project-64-percent-complete_68040.html
February 24, 2015
LyondellBasell said today that it has reached an agreement with Karyn Ovelmen, executive v.p. and CFO, for her “separation from the company.” Ovelmen will continue as CFO for up to three months under the agreement while the company conducts a search for her successor....
http://www.chemweek.com/regions/north_america/LyondellBasells-CFO-to-leave-the-company_68035.html
February 24, 2015
Astomos Energy (Tokyo) will buy up to 800,000 m.t. of shale-derived liquefied petroleum gas (LPG) from Targa Resources (Houston) spread over three years from the second half...
http://www.chemweek.com/regions/north_america/Japanese-firm-to-buy-800000-m-t-of-LPG-from-Targa-over-2017-20_68032.html
February 24, 2015
Westlake Chemical Partners LP (Houston) reports net income of $8.6 million on sales of $274 million for the fourth quarter of 2014. The period was the first full quarter for the business, a master limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop ethylene production facilities. Earnings of 32 cts per limited partner unit were short of the analysts’ consensus estimate of 34 cts/share compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Westlake-ethylene-MLP-reports-net-income-of-$8-6-million-for-its-first-full-quarter_68048.html
February 24, 2015
Solvay said today that it is building a new poly(ether ether ketone) (PEEK) plant in the United States, more than doubling capacity for this high-performance engineering polymer and...
http://www.chemweek.com/regions/north_america/Solvay-selects-the-United-States-for-its-second-global-PEEK-plant_68029.html
February 24, 2015
Agrium reports fourth-quarter net earnings of $51 million, down 48.5% year-on-year, on sales down 5.6% YOY, to $2.7 billion. Wholesale sales for the fourth quarter decreased YOY as a...
http://www.chemweek.com/regions/north_america/Agrium-adjusted-profits-fall-10-percent-but-beat-estimates_68046.html
February 24, 2015
Valspar today reported fiscal first-quarter net income that almost doubled year-on-year (YOY), to $104 million, on net sales up 4%, to $992 million. Adjusted net income rose 16.4% YOY...
http://www.chemweek.com/regions/north_america/Valspar-beats-estimates-but-cuts-full-year-sales-guidance_68047.html
February 24, 2015
Trinseo (Berwyn, PA), a manufacturer of plastics, latex, and rubber formerly known as Styron, says that Donald Misheff has been elected to its board of directors, effective 19...
http://www.chemweek.com/regions/north_america/us/Trinseo-appoints-new-board-member_68028.html
February 24, 2015
The current arctic blast in the US northeast has so far had little operational impact on refinery operations in that region. Weather forecasts are showing that temperatures on 24...
http://www.chemweek.com/regions/north_america/US-east-coast-refiners-report-little-operational-impact-from-freezing-temperatures_68019.html
February 24, 2015
US market participants said on 23 February that LyondellBasell Industries' recent production issue at the company's propylene oxide-styrene monomer (POSM) unit at Channelview, TX...
http://www.chemweek.com/regions/north_america/LyondellBasells-Channelview-production-issues-short-lived-sources-say_68018.html
February 23, 2015
Cronus Chemicals (Chicago) has signed an engineering, procurement, and construction (EPC) contract with Tecnimont-Illinois, a Tecnimont subsidiary, for the previously announced Cronus...
http://www.chemweek.com/regions/north_america/Cronus-Chemicals-signs-EPC-contract-for-Illinois-fertilizer-project_68008.html
February 23, 2015
Asahi Kasei will retain Polypore’s energy storage business, a maker of polymer membranes that separate the cathode and anode in batteries. As part of the deal, 3M (St. Paul, MN) will acquire the assets of Polypore’s separations media business, which produces membranes and membrane modules used in hemodialysis, blood oxygenation, plasmapheresis, other medical applications, for about $1 billion immediately prior to Asahi Kasei’s acquisition of Polypore....
http://www.chemweek.com/regions/north_america/us/Asahi-Kasei-to-acquire-Polypore-in-deal-valued-at-$3-2-billion_68006.html
February 23, 2015
Braskem has not yet approved its 2015 investment budget, and the company's board has decided to take a couple of extra months to refine it because of the volatility in energy markets...
http://www.chemweek.com/regions/south_america/brazil/Braskem-board-yet-to-approve-2015-budget-future-of-Comperj-petchems-project-uncertain_68005.html
February 23, 2015
KBR has confirmed that it has signed an engineering, procurement, and construction (EPC) contract with Yara International and BASF for their joint project to build a world-scale...
http://www.chemweek.com/regions/north_america/us/KBR-confirms-award-of-EPC-contract-for-BASF-Yara-ammonia-plant-at-Freeport_68000.html
February 23, 2015
Matheson (Basking Ridge, NJ), a subsidiary of industrial gases company Taiyo Nippon Sanso (Tokyo), says that it has acquired Sims Welding Supply (Long Beach, CA), a supplier of...
http://www.chemweek.com/regions/north_america/us/Matheson-acquires-industrial-gases-firm-in-California_67999.html
February 23, 2015
Valeant Pharmaceuticals International (Laval, PC) said on Sunday that it has entered into a definitive agreement with Salix Pharmaceuticals (Raleigh, NC) under which Valeant will...
http://www.chemweek.com/regions/north_america/Valeant-Pharma-to-acquire-Salix-Pharma-in-$14-5-billion-deal_67996.html
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