IHS Chemical Week

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May 9, 2014
Agrium announced today that it has entered into a definitive agreement with Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, to sell its Turf and Ornamental business...
http://www.chemweek.com/regions/north_america/Agrium-to-sell-turf-and-ornamental-business-to-Koch-Agronomic-Services_60967.html
May 9, 2014
Invista (Wichita, KS) has introduced the first commercially available biobased spandex fiber, the company has announced. Approximately 70% of the weight of the new biobased spandex...
http://www.chemweek.com/regions/north_america/Invista-introduces-first-biobased-spandex-fiber_60963.html
May 9, 2014
Kemira said today that it has been selected as a supplier of sodium chlorate to Klabin's (Rio de Janeiro) new 1.5-million m.t./year pulp mill in Paraná, Brazil. The product is...
http://www.chemweek.com/regions/south_america/brazil/Kemira-to-build-sodium-chlorate-plant-in-Brazil-to-supply-Klabins-pulp-mill_60958.html
May 9, 2014
AkzoNobel's Imperatriz Chemical Island at Imperatriz, Brazil, has become operational and started supplying the Suzano Maranhão pulp mill, in the northern part of the country...
http://www.chemweek.com/regions/south_america/brazil/AkzoNobel-chemical-island-starts-up-in-Brazil-to-supply-pulp-industry_60965.html
May 9, 2014
DAK Americas Argentina (Zarate) has acquired CabelmaPET, a recycler of polyethylene terephthalate (PET) bottles into food-grade recycled raw materials. The deal is subject to post-closing review by Argentina’s antitrust authorities....
http://www.chemweek.com/regions/south_america/argentina/DAK-Americas-Argentina-acquires-PET-recycler_60925.html
May 8, 2014
ExxonMobil reports first-quarter earnings for its chemical segment of $1.047 billion, down 7.9% year-over-year (YOY) from $1.137 billion....
http://www.chemweek.com/regions/north_america/ExxonMobil-chemical-earnings-down-7-9-percent-on-weaker-margins_60730.html
May 8, 2014
Tronox reports a first quarter net loss of $58 million, versus a year-ago loss of $51 million, as improved pigment sales were offset by weaker results in the mineral sands segment. The 51 cent loss per share fell well below the analysts’ consensus estimate of a 27 cent loss per share. Net sales totaled $418 million, down 11% year-over-year....
http://www.chemweek.com/regions/north_america/Tronox-earnings-down-on-weak-mineral-sands-but-pigments-improve_60901.html
May 8, 2014
Braskem's quarter-one net profit grew 70% year-on-year (YOY), to 396 million reais ($177.5 million), partly resulting from the sale of the water treatment unit at the Triunfo, Brazil...
http://www.chemweek.com/regions/south_america/brazil/Braskems-net-profit-up-70-percent-on-operational-efficiencies-divestments_60903.html
May 8, 2014
Calgon Carbon today reported first-quarter net earnings that were flat year-on-year (YOY), at $9.8 million, or 18 cts/share, while sales were down 2.6%, to $131.6 million. Earnings...
http://www.chemweek.com/regions/north_america/Calgon-Carbon-earnings-match-estimates-despite-lower-sales_60904.html
May 8, 2014
Celanese says that Steven Sterin has resigned as the company's CFO, effective 6 May. Chris Jensen, senior v.p./finance and chief accounting officer, will serve as the company’s interim CFO....
http://www.chemweek.com/regions/north_america/us/Celanese-announces-CFO-departure_60900.html
May 8, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net loss of $6.37 million in the first quarter of 2014 compared...
http://www.chemweek.com/regions/north_america/us/Codexis-narrows-loss_60892.html
May 8, 2014
BASF and Yara have selected BASF’s Freeport, TX site to build their previously announced ammonia plant. The proposed plant will be designed to produce 750,000 m.t./year of...
http://www.chemweek.com/regions/north_america/BASF-and-Yara-select-Freeport-TX-site-for-ammonia-production-joint-venture_60891.html
May 8, 2014
Indorama Ventures (Bangkok) says it has appointed Tom Zaiser as CEO of its wholly owned subsidiary FiberVisions (Duluth, GA), effective 30 April 2014. Zaiser succeeds Gary Spitz who is...
http://www.chemweek.com/regions/north_america/us/Indorama-appoints-new-CEO-of-FiberVisions_60890.html
May 7, 2014
Balchem says it has completed the acquisition of SensoryEffects, a maker of food ingredients, for $567 million. The deal was announced in early April. SensoryEffects will maintain its...
http://www.chemweek.com/regions/north_america/Balchem-closes-acquisition-of-SensoryEffects_60887.html
May 7, 2014
Rockwood today reported first-quarter net income of $21.7 million, more than double that of the year-ago quarter. Net sales totaled $354.5 million, up 5.2% year-on-year (YOY). Adjusted...
http://www.chemweek.com/regions/north_america/Rockwood-earnings-rise-on-solid-surface-treatment-results_60863.html
May 7, 2014
Empresa Nacional del Petróleo (ENAP; Santiago) will close its steam cracker at Hualpén, Chile, and a Dow Chemical subsidiary in the country will shutter its low-density...
http://www.chemweek.com/regions/south_america/argentina/Reports-Dow-and-ENAP-to-close-units-in-Chile_60859.html
May 7, 2014
Innospec has reported first-quarter net income down 6% year-on-year (YOY), to $16.9 million, on sales up 11%, to $220.7 million. Adjusted earnings, excluding some foreign currency and...
http://www.chemweek.com/regions/north_america/Innospec-earnings-fall-despite-rising-sales_60864.html
May 7, 2014
Toyo Engineering in cooperation with SOG - Oleo e Gás, a leading engineering company in Brazil, has been awarded a contract from Petrobras to build a new ammonia plant, UFN-5...
http://www.chemweek.com/regions/south_america/brazil/Toyo-Engineering-to-build-ammonia-plant-for-Petrobras-in-Brazil_60852.html
May 7, 2014
There is a ready market for a second ethane cracker at Williams’s Geismar, LA, site, says Steve Lewandowski, senior director/global olefins at IHS Chemical. Ethylene is short in Louisiana, and there is a long list of ethylene consumers that would benefit from participation in the proposed venture, he says....
http://www.chemweek.com/regions/north_america/IHS-Second-Williams-cracker-at-Geismar-would-address-regional-ethylene-shortage_60838.html
May 7, 2014
BASF’s proposal to build a world-scale methane-to-propylene (MTP) complex on the US Gulf Coast is strategically sound, and it may also be tactically savvy, says Chuck Carr, senior director/global olefins at IHS Chemical. BASF needs to address the shrinking supply of propylene produced by North America's steam crackers, and on-purpose production is most likely the answer. At the same time, the choice of MTP over propane dehydrogenation (PDH) suggests that BASF may expect the gap between crude oil and natural gas prices to grow over the long term, providing an advantage to production from methane....
http://www.chemweek.com/regions/north_america/IHS-BASFs-methane-to-propylene-evaluation-for-US-Gulf-Coast-is-wise-move_60842.html
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