IHS Chemical Week

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May 7, 2015
Fluor Corp.’s Brazil unit, as part of a consortium, has been awarded a contract by Parnaíba Gás Natural (PGN) for engineering, procurement and construction (EPC) of...
http://www.chemweek.com/regions/south_america/brazil/Fluor-consortium-awarded-contract-for-natural-gas-development-project-in-Brazil_70227.html
May 7, 2015
Albemarle has reported first-quarter net income down 24% year-on-year (YOY), to $43.1 million, or 40 cts/share, on sales up 47%, to $884.4 million. Sales rose due to the inclusion of...
http://www.chemweek.com/regions/north_america/Albemarle-earnings-rise-but-sales-take-hit-from-currency_70170.html
May 7, 2015
SAFC Commercial, the custom-manufacturing and services business unit of Sigma-Aldrich (St. Louis), reports a 4.4% increase in sales in the first quarter of 2015 compared with the...
http://www.chemweek.com/regions/north_america/us/SAFC-reports-rise-in-first-quarter-sales_70167.html
May 7, 2015
International Flavors & Fragrances (IFF), a creator of flavors and fragrances for consumer products, says that John Ferraro, former global chief operating officer of Ernst &...
http://www.chemweek.com/regions/north_america/us/IFF-appoints-new-board-member_70166.html
May 7, 2015
Arkema is expanding its product offering with a biosourced nylon-6,10 range under the registered Rilsan S brand. The product also consists of up to 62% renewable carbon, contributing...
http://www.chemweek.com/regions/north_america/Arkema-launches-new-biosourced-nylon-range_70161.html
May 7, 2015
Toray Industries says that its Zoltek (St. Louis, MO) subsidiary will double the production capacity for large-tow carbon fibers, at its site at El Salto in the state of Jalisco...
http://www.chemweek.com/regions/north_america/Toray-to-expand-production-capacity-for-large-tow-carbon-fibers-in-Mexico_70162.html
May 7, 2015
BASF Corp. says it has entered into a distribution agreement for the sale of BASF’s gas treatment solvents to the ammonia and syngas industry in the United States and Trinidad...
http://www.chemweek.com/regions/north_america/BASF-appoints-Kinetix-as-distributor-of-gas-treatment-solvents-in-the-US-and-Trinidad_70157.html
May 6, 2015
Dow Chemical said on Wednesday that it has completed the acquisition of ExxonMobil Chemical’s share in Univation Technologies (Houston), previously an equally owned joint venture...
http://www.chemweek.com/regions/north_america/Dow-Chemical-completes-acquisition-of-Univation-Technologies_70150.html
May 6, 2015
During the week ended 2 May, chemical railcar traffic in North America changed little year-over-year (YOY) as a sharp decline in Mexico offset gains in the United States and Canada....
http://www.chemweek.com/regions/north_america/North-America-rail-traffic-flat-on-large-drop-in-Mexico_70131.html
May 6, 2015
Solvay reports adjusted net income of €173 million ($196.4 million), up 44% year-on-year (YOY) in the first quarter of 2015. Recurring Ebitda (Rebitda) was €502 million, up...
http://www.chemweek.com/regions/north_america/Solvays-first-quarter-net-income-up-44-percent-YOY_70116.html
May 6, 2015
Airgas says that it has opened a specialty gas facility at Tooele, UT. The facility will provide a critical link in the supply chain for high-purity and precision-blended specialty...
http://www.chemweek.com/regions/north_america/us/Airgas-opens-specialty-gas-facility-in-Utah_70114.html
May 6, 2015
The April US ethylene net transaction contract will go unsettled, according to market participants on Wednesday. Producers were seeking a rollover from the March contract price of...
http://www.chemweek.com/regions/north_america/US-ethylene-contract-to-go-unsettled-for-April_70129.html
May 6, 2015
US crude inventories came down last week for the first time since the week of 2 January, according to data released by the Energy Information Administration (EIA) on Wednesday. Crude...
http://www.chemweek.com/regions/north_america/US-crude-inventories-drop-first-time-since-early-January_70128.html
May 6, 2015
US propylene stocks firmed during the week that ended on May 1st, according to data released by the Energy Information Administration (EIA) on Wednesday. Non-fuel use propylene stocks...
http://www.chemweek.com/regions/north_america/US-propylene-stocks-up-for-second-consecutive-week_70122.html
May 6, 2015
Axiall reports a first quarter net loss of $10.6 million, up slightly from a loss of $11.6 million in the year-ago period. Sales fell 5% year-over-year (YOY) to $947.6 million on declines in chlorovinyls and aromatics. Adjusted earnings totaled a loss of 5 cts/share, missing the analysts’ consensus estimate of 0 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Axiall-misses-first-quarter-estimates-with-$10-6-million-loss_70119.html
May 6, 2015
OxyChem, the chemical business of Occidental Petroleum, turned in pre-tax core earnings of $139 million in the first quarter, up 2% year-over-year (YOY). Occidental attributes the gain to lower ethylene and natural gas costs, offset primarily by lower caustic soda sales volumes. OxyChem sales fell 18% YOY to $1 billion....
http://www.chemweek.com/regions/north_america/us/OxyChem-earnings-up-2-percent-YOY-on-lower-costs_70124.html
May 6, 2015
Axalta today reported first-quarter net income of $46.7 million, compared with a net loss of $3.7 million in the year-ago quarter, on sales down 5.4% year-on-year (YOY), to $997.5...
http://www.chemweek.com/regions/north_america/Axalta-beats-estimates-despite-currency-issues_70120.html
May 6, 2015
Momentive Performance Materials says that Erick Asmussen will become its senior v.p. and CFO on 26 May. As a result of the appointment, Brian Berger will resign the position of interim...
http://www.chemweek.com/regions/north_america/us/Momentive-appoints-new-CFO_70110.html
May 6, 2015
A previously announced petchems project planned in Belmont County, OH, is expected to require a capital expenditure of $5 billion, sources tell CW on the sidelines of the APIC 2015...
http://www.chemweek.com/regions/north_america/PTTGC-outlines-Ohio-Indonesian-petchem-projects_70118.html
May 5, 2015
The IRS has issued a proposed ruling that could jeopardize plans to put petrochemical assets into tax-saving master limited partnerships (MLPs). The document specifically states that income derived from a steam cracker would not qualify for MLP status, directly contradicting a ruling issued on 2 July 2012....
http://www.chemweek.com/regions/north_america/us/Proposed-IRS-ruling-threatens-cracker-MLPs_70105.html
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