IHS Chemical Week

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July 17, 2015
Shares in CF Industries (Deerfield, IL) spiked as much as 13% after the Wall Street Journal reported that the company is in advanced merger talks with OCI (Geleen, The Netherlands). According to “people familiar with the matter,” a deal could be concluded this month, says the newspaper....
http://www.chemweek.com/regions/north_america/us/CF-Industries-OCI-NV-in-merger-talks-report_72294.html
July 17, 2015
Dow Chemical says IRS has issued a favorable private letter ruling relating to the planned merger of Olin and Dow’s US Gulf Coast chlor-alkali and related businesses. The ruling satisfies a closing condition of the transaction....
http://www.chemweek.com/regions/north_america/us/Dow-Olin-deal-moves-forward-with-favorable-IRS-ruling_72284.html
July 17, 2015

Celanese reports second-quarter net earnings of $201 million, down 28% year-on-year (YOY) from $258 million. Sales totaled $1.48 billion, down 20% YOY from $1.77 billion. Adjusted earnings of $1.58/share easily beat the analysts’ consensus estimate of $1.42/share compiled by Thomson Reuters (New York).

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http://www.chemweek.com/regions/north_america/us/Celanese-earnings-beat-estimates_72283.html
July 17, 2015
The National Hydrocarbons Commission (CNH; Mexico City) has announced the results of the initial tendering under the so-called Round-One—part of opening up of Mexico's crude oil...
http://www.chemweek.com/regions/north_america/Mexicos-initial-auction-for-shallow-water-exploration-blocks-a-disappointment_72279.html
July 17, 2015
Jacobs Engineering says it has been selected by Monsanto to provide engineering and procurement for a potential expansion of its St. Charles Parish operations in Luling, LA. Monsanto...
http://www.chemweek.com/regions/north_america/Monsanto-selects-Jacobs-Engineering-for-Louisiana-project_72274.html
July 17, 2015
Kinder Morgan (Houston) has acquired Shell's 49% stake in Elba Liquefaction Co. (ELC), the owner of the Elba Liquefaction Project. Kinder Morgan currently owns 51% of the ELC joint...
http://www.chemweek.com/regions/north_america/Kinder-Morgan-acquires-Shells-stake-in-LNG-project_72277.html
July 16, 2015
US July propylene contracts lower Thursday, following the recent decline in spot prices which have been pressured down by ample supply. July propylene declined by 3.50 cts/lb, taking...
http://www.chemweek.com/regions/north_america/US-propylene-contracts-down-for-fifth-consecutive-month_72260.html
July 16, 2015
Dow said in a filing with Texas state regulators that its LHC-8 steam cracker in Freeport was in restart mode. The filing comes a week after Dow had a process leak at the Light...
http://www.chemweek.com/regions/north_america/Dows-LHC-8-steam-cracker-in-Freeport-in-restart-mode_72247.html
July 16, 2015
Univar has acquired Chemical Associates, a marketer, manufacturer, and distributor of oleochemicals, for an undisclosed sum. The business will be combined with Univar USA's operations....
http://www.chemweek.com/regions/north_america/us/Univar-acquires-oleochemical-firm-Chemical-Associates_72227.html
July 16, 2015
Johnson Matthey Process Technologies and biobased chemicals firm Rennovia (Menlo Park, CA) say they have successfully started-up a "mini-plant" for the catalytic aerobic...
http://www.chemweek.com/regions/north_america/Rennovia-and-Johnson-Matthey-Process-Technologies-advance-renewable-glucaric-acid-collaboration_72263.html
July 16, 2015
The company cites a recent US Supreme Court ruling that will delay implementation of higher pollutants standards for coal-fired power plants, hurting the demand outlook for activated carbon....
http://www.chemweek.com/regions/north_america/Cabot-plans-$500-million-impairment-charge-because-of-Supreme-Court-MATS-ruling_72196.html
July 16, 2015
Cost cuts helped PPG Industries beat analysts' estimates for its second-quarter results, although restructuring costs and foreign currency translation caused profits to fall. The...
http://www.chemweek.com/regions/north_america/PPG-profits-fall-on-restructuring-costs_72193.html
July 16, 2015
Amyris (Emeryville, CA) has entered into a multiyear, multimillion-dollar collaboration agreement with an unspecified "global food ingredients supplier," Amyris announced...
http://www.chemweek.com/regions/north_america/Amyris-enters-multimillion-dollar-collaboration-with-food-ingredients-supplier_72190.html
July 16, 2015
During the week ended 11 July, chemical railcar traffic in North America fell 3.5% year-over-year (YOY) as loadings declined throughout the region. For all of North America, chemical railcar traffic during the week totaled 42,951 carloads, up 5.0% from the previous week, according to data released on 15 July by the Association of American Railroads (AAR). For the year to date, chemical railcar traffic in North America is up 0.3%, versus a 3.3% decrease in all railcar traffic, according to AAR...
http://www.chemweek.com/regions/north_america/N-America-weekly-chemical-rail-traffic-down-on-broad-declines_72168.html
July 16, 2015
US propylene stocks were mixed in the week that ended 10 July, according to data released on Wednesday by the Energy Information Administration (EIA). Propane/propylene stocks were at...
http://www.chemweek.com/regions/north_america/US-propylene-stocks-mixed-in-the-second-week-of-July_72167.html
July 15, 2015
EPA has approved Honeywell’s refrigerant Solstice N-40 (R-448A) for use in a range of applications including retail food refrigeration, refrigerated transport, and commercial ice machines. EPA has also broadened the approval of Solstice N13 (R-450A) to include use in new vending machines. Each ruling, issued under EPA’s Significant New Alternatives Policy (SNAP), will soon be published in the Federal Register, says Honeywell....
http://www.chemweek.com/regions/north_america/EPA-approves-Honeywells-refrigerant-Solstice-N-40_72165.html
July 15, 2015
The government of Bolivia has awarded Camc Engineering Co. (Beijing) a 1.24-billion Bolivianos ($178 million) contract for the construction and commissioning of a potassium salts plant...
http://www.chemweek.com/regions/south_america/brazil/Bolivia-awards-Chinese-firm-contract-to-build-potassium-salts-plant_72163.html
July 15, 2015
Ingevity will be the new name of MWV Specialty Chemicals, effective 1 September. The business is expected to be spun off from WestRock, the name of the combined MeadWestvaco and...
http://www.chemweek.com/regions/north_america/us/MWV-Specialty-Chemicals-renamed-Ingevity_72162.html
July 15, 2015
The toluene arbitrage window between Asia and the United States is open, but it is unlikely that further Asian cargoes will head to the United States because of a backwardated market...
http://www.chemweek.com/regions/north_america/Risk-tight-supply-make-toluene-arbitrage-window-to-the-US-difficult-to-work_72147.html
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