IHS Chemical Week

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July 24, 2015
Celanese has named Chris Jenson, currently interim CFO, to its permanent CFO position. Jensen has served as Celanese’s interim CFO since May 2014. He joined Celanese in 2005 and...
http://www.chemweek.com/regions/north_america/Celanese-interim-CFO-named-to-permanent-position_72420.html
July 24, 2015
Braskem (São Paulo) and Tecon Rio Grande (Rio Grande, Brazil), a wholly owned subsidiary of Wilson Sons (Hamilton, Bermuda), have signed a partnership to resume moving...
http://www.chemweek.com/regions/south_america/brazil/Braskem-signs-partnership-to-improve-transport-at-Triunfo-petchem-hub-in-Brazil_72417.html
July 24, 2015
Sensient Technologies (Milwaukee) has reported lower sales and operating income in the second quarter of this year compared with the corresponding period a year ago. Revenue in...
http://www.chemweek.com/regions/north_america/Sensient-reports-leap-in-adjusted-income-on-lower-sales-in-second-quarter_72415.html
July 24, 2015
International Flavors & Fragrances (IFF) has announced that Lucas Meyer Cosmetics (Quebec City), a business of Unipex Group (Paris), has accepted IFF’s previously announced...
http://www.chemweek.com/regions/north_america/IFF-and-Lucas-Meyer-Cosmetics-agree-to-acquisition-terms_72414.html
July 24, 2015
Lithuanian firm Investimus Foris plans to invest $265 million to convert an idle biofuels refinery in Grant Parish, LA, into ammonia manufacturing facility, company chairman Arunas...
http://www.chemweek.com/regions/north_america/Lithuanian-firm-to-convert-Louisiana-biofuels-plant-to-ammonia-production_72409.html
July 23, 2015
Molycorp today said it has received court approval for $130 million in debtor-in-possession (DIP) financing from Oaktree Capital Management (New York). The approval represents a larger...
http://www.chemweek.com/regions/north_america/Molycorp-receives-larger-DIP-financing-approval_72398.html
July 23, 2015
Dow Chemical, buoyed by continued margin expansion in its plastics business and cost-cutting measures, grew earnings and topped profit forecasts despite a double-digit decline in...
http://www.chemweek.com/regions/north_america/Dow-beats-estimates-continues-to-expand-margins_72396.html
July 23, 2015
3M today reported second-quarter net income that was up 2.6% year-on-year (YOY), at $1.30 billion, on sales down 5.5%, to $7.69 billion. Earnings totaled $2.02/share, slightly ahead of...
http://www.chemweek.com/regions/north_america/3M-earnings-rise-despite-sales-decline-industrial-segment-down_72397.html
July 23, 2015
CB&I on Thursday announced the award of a contract valued in excess of $100 million from a major energy company for a Tier 3 clean fuels project. The scope of work at the refinery...
http://www.chemweek.com/regions/north_america/CB-and-I-awarded-refinery-contract-in-Louisiana_72391.html
July 22, 2015
Crude inventory in the United States firmed during the week that ended on 17 July, while gasoline inventory dropped, according to data released on Wednesday by the Energy Information Administration (EIA)....
http://www.chemweek.com/regions/north_america/US-crude-stocks-firm-while-gasoline-stocks-decline-mid-July_72380.html
July 22, 2015
During the week ended 18 July, chemical railcar traffic in North America increased 1.1% year-on-year (YOY) despite a sequential decline in volume. For all of North America, chemical railcar traffic during the week totaled 41,749 carloads, down 2.8% from the previous week, according to data released on 22 July by the Association of American Railroads....
http://www.chemweek.com/regions/north_america/North-America-chemical-rail-traffic-edges-up_72369.html
July 22, 2015
Stepan Wednesday reported second quarter net income down 31% year-on-year (YOY), to $16.9 million, or $1.67/share, on net sales down 10%, to $452.4 million. Adjusted net income totaled...
http://www.chemweek.com/regions/north_america/Stepan-falls-short-of-estimates-on-currency-impacts_72367.html
July 22, 2015
Celanese says Kathryn Hill has been elected to its board, effective 21 July. Hill is a former executive advisor and senior v.p./development strategy and operations for Cisco Systems...
http://www.chemweek.com/regions/north_america/Former-Cisco-exec-joins-Celanese-board_72364.html
July 22, 2015
Alpek’s (Monterrey, Mexico) second-quarter net income more than doubled year-on-year (YOY), to $83 million, driven mainly by an improvement in the company's operating results...
http://www.chemweek.com/regions/north_america/Alpeks-second-quarter-net-income-more-than-doubles-despite-lower-sales_72363.html
July 22, 2015
The board of Petrobras (Rio de Janeiro) has confirmed that the company is considering "strategic alternatives" for its wholly owned fuel-distribution subsidiary, Petrobras...
http://www.chemweek.com/regions/south_america/brazil/Petrobras-confirms-it-is-considering-options-for-fuel-distribution-unit_72356.html
July 22, 2015
Propylene stock movements were mixed in the United States during the week ended 17 July, according to data released today by the Energy Information Administration. Propane/propylene...
http://www.chemweek.com/regions/north_america/Propylene-stock-movements-mixed-in-US_72370.html
July 22, 2015
Petrobras (Rio de Janeiro) has confirmed that an internal investigation committee has found irregularities in the approval process of a July 2009 contract to provide Braskem...
http://www.chemweek.com/regions/south_america/brazil/Petrobras-internal-investigation-finds-irregularities-in-2009-naphtha-contract-with-Braskem_72355.html
July 22, 2015
Lower crude oil prices could reduce production growth in Canada’s oil sands by a quarter through 2020, according to a new forecast by IHS. Production will continue to grow, reaching 2.9 million bbl/day in 2020, but the estimated increase over 2014—800,000 bbl/day—is 280,000 bbl/day less than previously forecast....
http://www.chemweek.com/regions/north_america/IHS-Low-crude-price-could-reduce-Canada-oil-sands-growth-by-a-quarter_72368.html
July 22, 2015
Evonik Industries has inaugurated a business and innovation center in the area of Richmond, VA. The center will combine R&D, marketing, sales, customer service, and various support...
http://www.chemweek.com/regions/north_america/Evonik-opens-$15-4-million-business-and-innovation-center-in-Virginia_72351.html
July 22, 2015
The US Coast Guard said late Monday that it was still monitoring air quality and assessing damage and possible impact to the environment after barges collided at mile marker 349 on the...
http://www.chemweek.com/regions/north_america/US-Coast-Guard-still-assessing-impact-of-collision-in-Houston-Ship-Channel_72339.html
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