IHS Chemical Week

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April 16, 2015
Cytec today announced first-quarter net earnings down 31.5% year-on-year (YOY), to $42.5 million, or 58 cts/share, on sales up 5.3%, to $515 million. Excluding special items, mainly...
http://www.chemweek.com/regions/north_america/Cytec-beats-estimates-on-higher-sales-and-volumes_69542.html
April 16, 2015
Albemarle says a catalyst research collaboration with Utrecht University and Stanford University has yielded to an innovative, new method for observing fluid catalytic cracking (FCC)...
http://www.chemweek.com/regions/north_america/Albemarle-university-researchers-report-FCC-catalyst-imaging-breakthrough_69525.html
April 16, 2015

Celanese and Mitsui & Co. today announced that they are planning a potential methanol joint venture to be located at Celanese’s facility at Bishop, TX. Celanese says it has filed for air permits, and that a final decision to build the plant, which would have a capacity of 1.3 million m.t./year, will consider prevailing methanol market conditions and construction costs, among other factors.

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http://www.chemweek.com/regions/north_america/Celanese-Mitsui-explore-methanol-JV-at-Bishop-TX_69474.html
April 16, 2015
Sherwin-Williams (SW) today reported first-quarter net income up 13.8% year-on-year (YOY), to $131.4 million, on sales up 3.5%, to $2.45 billion. Earnings totaled $1.38/share, short of...
http://www.chemweek.com/regions/north_america/Sherwin-Williams-earnings-fall-short-of-estimates-due-to-currency-impacts_69479.html
April 16, 2015
Nova Chemicals today announced that Todd Karran has been appointed president and CEO. Karran has been the acting CEO while maintaining his previous roles of senior v.p. and CFO since May 2014. He will remain CFO while the board searches for a replacement....
http://www.chemweek.com/regions/north_america/Nova-confirms-Karran-as-CEO_69475.html
April 16, 2015
PPG Industries today reported first-quarter net income from continuing operations totaling $321 million, or $2.33/share, up 15.9% year-on-year (YOY), on sales up 1%, to $3.7 billion...
http://www.chemweek.com/regions/north_america/PPG-beats-estimates-on-cost-cuts_69477.html
April 16, 2015
Galapagos (Mechelen, Belgium), a biotechnology firm engaged in developing new treatments for inflammatory diseases, filed on 15 April with the SEC to raise up to $150 million in an...
http://www.chemweek.com/regions/north_america/Belgium-based-biotech-firm-files-for-an-IPO_69472.html
April 16, 2015
US crude and gasoline stocks were mixed for the week that ended on April 10th, according to data released by the Energy Information Administration (EIA) on Wednesday. For US crude...
http://www.chemweek.com/regions/north_america/US-crude-stocks-up-14-straight-weeks-as-gasoline-stocks-decline_69457.html
April 15, 2015
Siemens has selected Molycorp (Greenwood Village, CO) to supply rare earth materials over the next 10 years from its Mountain Pass, CA facility for incorporation into Siemens'...
http://www.chemweek.com/regions/north_america/us/Molycorp-to-supply-rare-earths-for-use-in-Siemens-wind-turbine-generators-Shin-Etsu-will-produce-rare-earth-magnets_69463.html
April 15, 2015
Braskem is reevaluating its planned Parkersburg, WV cracker, a joint venture with Odebrecht, to address uncertainties generated by the steep decline in crude oil pricing. Assuming it proceeds, startup would come after 2020, says Fernando Musa, CEO of Braskem America. “This is something that we will continue to pursue, and look for the right timing and moment to invest,” he adds....
http://www.chemweek.com/regions/north_america/Braskem-slows-Marcellus-cracker-considers-polypropylene-expansion_69458.html
April 15, 2015
The US chemical industry is poised to capitalize on the increased supply of energy and feedstocks that will allow it to reestablish itself as a leading global supplier, ACC president...
http://www.chemweek.com/regions/north_america/us/ACCs-Dooley-remains-confident-on-US-shale-advantage-and-TSCA-reform-prospects_69459.html
April 15, 2015
Fluorochemicals maker Halocarbon says it has named David Bacon as its new CEO, effective 28 April. Bacon, who has more than two decades of industry experience, was most recently...
http://www.chemweek.com/regions/north_america/Halocarbon-names-new-CEO_69442.html
April 15, 2015
During the week ended 11 April, chemical railcar traffic in North America increased 1.4% year-over-year (YOY) on gains in the United States and Canada....
http://www.chemweek.com/regions/north_america/Weekly-gains-for-US-Canada-chemical-railcar-traffic_69456.html
April 15, 2015
Propylene stocks were unchanged in the United States during the week ended 10 April, according to data released today by the Energy Information Administration (EIA; Washington)...
http://www.chemweek.com/regions/north_america/No-change-to-propylene-stocks-in-US-says-EIA_69455.html
April 15, 2015
Industry groups welcomed House draft legislation aimed at reforming US chemical management, with both ACC and Socma testifying on 14 April before the House Energy and Commerce Subcommittee on the Environment and the Economy in support of the bipartisan discussion draft of the TSCA Modernization Act of 2015....
http://www.chemweek.com/regions/north_america/us/Industry-expresses-support-for-House-TSCA-reform-bill_69437.html
April 14, 2015
Petrobras says that it is expecting to release its delayed, audited financial results for the second half of 2014 as early as 22 April. However, Petrobras also has had to clarify the...
http://www.chemweek.com/regions/south_america/brazil/Petrobras-responds-to-reports-of-Braskem-stake-sale_69415.html
April 14, 2015
Trian’s recent criticism of DuPont chairperson and CEO Ellen Kullman is “misleading,” according to a recent letter by Kullman to employees. The options were exercised...
http://www.chemweek.com/regions/north_america/Kullman-Trian-statements-about-stock-options-misleading_69416.html
April 14, 2015

Invista has launched P8, a new technology platform that reduces the cost of manufacturing purified terephthalic acid (PTA), a polyester precursor, by up to $40/m.t., says Invista.

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http://www.chemweek.com/regions/north_america/us/Invista-launches-new-PTA-technology-platform_69414.html
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