IHS Chemical Week

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January 19, 2015
Praxair says it is changing its exchange rate to line up with the Sicad II rate of 50 bolivars to the dollar rather than government's official exchange rate of 6.3 bolivars to the...
http://www.chemweek.com/regions/north_america/Praxair-to-shift-exchange-rate-for-Venezuela-operations_66970.html
January 19, 2015
Styrene prices in Europe were lower than in the United States last week, resulting in an open arbitrage window, but product is unlikely to actually move between the two regions...
http://www.chemweek.com/regions/north_america/Styrene-movement-from-Europe-to-US-unlikely-despite-arbitrage-window_66963.html
January 19, 2015
Kemira says that it has relocated its global oil and mining headquarters from Helsinki to Houston. In addition to the new office, Kemira is opening a technical service laboratory close...
http://www.chemweek.com/regions/north_america/us/Kemira-relocates-global-oil-and-mining-headquarters-to-Houston_66959.html
January 19, 2015
The European market for styrene is the weakest regional market worldwide for spot material, and ongoing sluggish domestic demand is prompting sellers to take a fresh look at export...
http://www.chemweek.com/regions/north_america/Europes-styrene-producers-look-for-export-opportunities_66966.html
January 19, 2015
Brazil's chemical trade deficit totaled about $31.2 billion in 2014—approximately $400 million below estimates disclosed by the country's chemical industry association (Abiquim...
http://www.chemweek.com/regions/south_america/brazil/Brazils-chemical-trade-deficit-down-2-4-percent-in-2014_66968.html
January 19, 2015
PPG Industries says that David Navikas, senior v.p./strategic planning and corporate development, will retire on 1 March. Navikas joined PPG as controller in 1995 and was elected v.p...
http://www.chemweek.com/regions/north_america/us/PPG-senior-v-p-to-retire_66958.html
January 19, 2015
Albany Molecular Research Inc. (AMRI; Albany) says that it has received a 10-year federal contract award from the National Institutes of Health (NIH; Bethesda, MD) for drug development...
http://www.chemweek.com/regions/north_america/us/AMRI-receives-NIH-contract-for-drug-development-and-manufacturing-services_66967.html
January 16, 2015
Quinpario Acquisition Corp. 2 has priced its initial public offering at $10/share, with the company hoping to raise $350.0 million from the offering. Quinpario is a blank-check firm...
http://www.chemweek.com/regions/north_america/Second-Quinpario-firm-prices-IPO_66944.html
January 16, 2015
Germany’s chemical trade association VCI (Frankfurt) says it welcomes the public debate on investor protection during a plenary debate on the topic in Germany’s parliament...
http://www.chemweek.com/regions/north_america/us/VCI-Excluding-ISDS-from-TTIP-would-be-totally-wrong_66942.html
January 16, 2015
Boeing and Embraer have opened a joint sustainable aviation biofuel research center in Brazil—a collaborative effort to establish further the aviation biofuel industry. The...
http://www.chemweek.com/regions/south_america/brazil/Boeing-Embraer-in-biobased-aviation-fuel-R-and-D-partnership_66935.html
January 16, 2015
Petrobras concluded the first naphtha shipment out of the company's newly completed Abreu e Lima refinery, in Brazil, earlier this week. The naphtha delivery is for Braskem, Petrobras...
http://www.chemweek.com/regions/south_america/brazil/Petrobras-ships-first-naphtha-cargo-from-new-Brazil-refinery_66931.html
January 16, 2015
Braskem has completed investing about 50.0 million reais ($18.9 million) at the Camaçari petrochemical cluster in Bahia, Brazil, to expand production capacity for linear...
http://www.chemweek.com/regions/south_america/brazil/Braskem-completes-metallocene-LLDPE-expansion-in-Brazil_66927.html
January 16, 2015
Sources in the US market for aromatics said this week that petrochemical producers’ attention is already focused on planned maintenance turnarounds in February before the...
http://www.chemweek.com/regions/north_america/Seasonal-turnaround-plans-emerging-for-aromatics-in-the-US_66926.html
January 16, 2015
Declining crude oil futures, ample supply, and weaker propylene prices in Asia are maintaining downward pressure on the US market for propylene. The continued weakness, which follows...
http://www.chemweek.com/regions/north_america/Weak-fundamentals-persist-for-propylene-in-the-US_66922.html
January 16, 2015
Ube Industries announced today that it has bought a majority stake in Advanced Electrolyte Technologies (AET; Midland, MI) and intends to raise its stake further by end of March. AET...
http://www.chemweek.com/regions/north_america/Ube-Industries-buys-Dow-out-of-electrolytes-joint-venture_66919.html
January 16, 2015
Market sources are expecting February orders for polypropylene (PP) in the US market to be made more difficult to fulfil by recent production issues and planned turnarounds that are...
http://www.chemweek.com/regions/north_america/PP-production-issues-expected-to-challenge-US-market-in-February_66924.html
January 15, 2015
H.B. Fuller last night reported fiscal fourth-quarter net income down by nearly half year-on-year (YOY), to $10.8 million, or 21 cts/share, on revenues up 2.7%, to $547.7 million...
http://www.chemweek.com/regions/north_america/H-B-Fuller-earnings-fall-despite-higher-sales_66858.html
January 15, 2015
PPG Industries today reported fourth-quarter net income from continuing operations of $86 million, or 62 cts/share, down 64% year-on-year (YOY), on sales up 6%, to $3.71 billion. A...
http://www.chemweek.com/regions/north_america/PPG-beats-estimates-on-solid-volumes_66855.html
January 15, 2015
Prompt aromatics moved up in the US market yesterday, as prices firmed on the back of stronger crude oil futures. NYMEX West Texas Intermediate crude futures had their strongest gain...
http://www.chemweek.com/regions/north_america/Aromatics-prices-rise-in-the-US-on-higher-crude-futures_66849.html
January 15, 2015
Boardwalk Pipeline Partners (Houston) says that it has no timeline for when the Evangeline ethylene pipeline system will be back up and running. The Evangeline pipeline, which...
http://www.chemweek.com/regions/north_america/Boardwalk-No-timeframe-to-bring-ethylene-pipeline-back-online_66848.html
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