IHS Chemical Week

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August 11, 2015
Jacobs Engineering announced on Tuesday that it was selected by ExxonMobil to perform engineering, procurement and construction management services for its crude flexibility...
http://www.chemweek.com/regions/north_america/ExxonMobil-awards-Texas-refinery-upgrade-contract-to-Jacobs_72868.html
August 11, 2015
Dow said on Monday that its light hydrocarbon 7 plant in Freeport, TX is in the process of completing scheduled maintenance that it began over the weekend. The company did not give a...
http://www.chemweek.com/regions/north_america/Dow-completing-scheduled-maintenance-at-Freeport_72855.html
August 10, 2015
OCI Partners (Nederland, TX) reports second-quarter net income of $13 million, down 68% year-on-year (YOY), on revenues of $80 million, down 29% YOY. A turnaround and expansion of the company’s ammonia and methanol plants, which began during the first quarter, was not completed until 24 April....
http://www.chemweek.com/regions/north_america/OCI-Partners-net-income-down-on-turnaround_72845.html
August 10, 2015
Northwest Innovation Works (NWIW), a partnership constructing three methanol facilities in the Pacific Northwest, has signed an agreement to use Johnson Matthey’s ultralow...
http://www.chemweek.com/regions/north_america/Johnson-Matthey-to-provide-technology-for-US-mega-methanol-plants_72843.html
August 10, 2015
CVR Partners (Sugar Land, TX) and Rentech Nitrogen Partners (Los Angeles) today announced that they have signed a definitive merger agreement under which CVR Partners will acquire...
http://www.chemweek.com/regions/north_america/us/CVR-Partners-to-acquire-Rentech-Nitrogen-for-$533-million_72842.html
August 7, 2015
LSB Industries (Oklahoma City) reports second-quarter earnings per share of 2 cts, well short of analysts’ consensus estimate of the 37 cts/share compiled by Thomson Reuters (New York). The company has also announced that it will implement a set of operational and governance changes....
http://www.chemweek.com/regions/north_america/LSB-misses-estimates-announces-operational-governance-measures_72830.html
August 7, 2015
Agrium says that its previously announced urea project at the company's Borger, TX, site will be completed at the end of 2016. However, the company says it has canceled related plans...
http://www.chemweek.com/regions/north_america/Agrium-expects-end-2016-completion-of-urea-project-in-Texas-cancels-ammonia-expansion_72826.html
August 6, 2015
CF Industries on Thursday said that it has entered a definitive agreement with OCI (Amsterdam) under which CF will combine with OCI’s European and North American operations as...
http://www.chemweek.com/regions/north_america/CF-and-OCI-merger-will-create-largest-nitrogen-player_72792.html
August 6, 2015
Incitec Pivot (Melbourne, Australia) says construction of an $850 million ammonia plant at Waggaman, LA, is 75% complete. Incitec Pivot expects the 800,000-m.t./year plant, which will be operated by subsidiary Dyno Nobel, to go onstream in the third quarter of 2016....
http://www.chemweek.com/regions/north_america/us/Incitec-Pivots-Waggaman-LA-ammonia-project-75-percent-complete_72814.html
August 6, 2015
Brazil's northeastern state of Pernambuco will have its first biorefinery, producing biobased kerosene and diesel. The investment to develop the Plataforma Pernambucana de Bioquerosene...
http://www.chemweek.com/regions/south_america/brazil/Biorefinery-project-announced-for-northeastern-Brazil_72795.html
August 6, 2015
Axiall reports adjusted earnings per share of 33 cts, well ahead of analysts’ consensus estimate of 20 cts/share, as compiled by Thomson Reuters (New York). The company also says it is considering alternatives for its building products business and that plans to divest its aromatics business remain on schedule....
http://www.chemweek.com/regions/north_america/Axiall-beats-estimates-may-sell-building-products-business_72798.html
August 6, 2015
Oxiteno, the petrochemicals subsidiary of Ultrapar (São Paulo), says that its second-quarter Ebitda more than doubled year-on-year (YOY), to 203.0 million reais, on sales up...
http://www.chemweek.com/regions/south_america/brazil/Oxiteno-reports-big-hikes-in-earnings-sales_72807.html
August 6, 2015
Koppers reports second-quarter net income of $9.0 million, up from $1.6 million in the year-ago period. Adjusted earnings of 68 cts/share beat the analysts’ consensus estimate of 51 cts/share as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/regions/north_america/us/Koppers-reports-net-income-of-$9-million-beats-estimates_72799.html
August 6, 2015
WestRock (Richmond, VA) has appointed Albemarle executive v.p. D. Michael Wilson as CEO of its Ingevity specialty chemicals unit, effective 1 September. Ingevity, the former MWV...
http://www.chemweek.com/regions/north_america/WestRock-appoints-CEO-of-Ingevity_72796.html
August 6, 2015
Braskem reports a net profit of 1.06 billion reais ($303.1 million)  in the second quarter, up from R$124 million one year earlier. The results benefited from a good operational...
http://www.chemweek.com/regions/south_america/brazil/Braskem-quarter-two-results-soar-boosted-by-operational-performance_72802.html
August 6, 2015
Calgon Carbon today reported second-quarter net income down 17.1% year-on-year (YOY), to $12.6 million, or 24 cts/share, on sales down 7.1%, to $135.5 million. Negative currency...
http://www.chemweek.com/regions/north_america/Calgon-Carbon-earnings-fall-on-currency-impacts_72806.html
August 6, 2015
Chemours has started a strategic review that could lead to sale of its chemical solutions segment excluding the cyanide business. The review was announced as part of a restructuring program that targets annualized cost savings of $350 million and incremental Ebitda improvement of $450 million by 2017. Chemours also said today its quarterly dividend going forward would be “significantly less” than the $100-million declared when the company was still part of DuPont....
http://www.chemweek.com/regions/north_america/us/Chemours-considers-sale-of-most-of-chemical-solutions-business_72803.html
August 6, 2015
OCI Resources (Atlanta) reports a 14% increase in net income in the second quarter compared with the corresponding period of last year, to $11.7 million on sales up 8%, to $122.2...
http://www.chemweek.com/regions/north_america/Higher-soda-ash-production-boosts-OCI-Resources-earnings-sales_72801.html
August 6, 2015
OCI NV has provided further details about the businesses it will not transfer to the new CF, in the merger transaction, which will create the world’s largest nitrogen player. OCI...
http://www.chemweek.com/regions/north_america/OCI-will-retain-large-portion-of-business-post-CF-transaction_72800.html
August 5, 2015
Albemarle reported second-quarter earnings of $52.1 million, up 132% year-on-year (YOY) due mainly to the impact of the acquisition of Rockwood Holdings. Second-quarter adjusted Ebitda, was $95.1 million, up 9.5% YOY on strong gains in performance chemicals. Reported earnings of 84 cts/share were 2 cts above analyst estimates as reported by Thomson Reuters....
http://www.chemweek.com/regions/north_america/us/Albemarle-beats-estimates-on-strong-performance-chemicals_72781.html
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