IHS Chemical Week

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August 28, 2015
DAK Americas (Charlotte, NC) says it will build a 104,000 m.t./year polyester staple fiber (PSF) plant at its Pearl River site in Bay St. Louis, MS. DAK, a subsidiary of Alpek (Monterrey, Mexico), plans to start up the plant in the second half of 2016....
http://www.chemweek.com/home/top_of_the_news/DAK-to-build-104000-m-t-year-PSF-plant-in-Mississippi_73318.html
August 28, 2015
The permanent lifting of sanctions against Iran could boost Iran's methanol capacity by 10 million m.t./year by 2025, according to a new report by IHS Chemical. Iran currently produces...
http://www.chemweek.com/home/top_of_the_news/IHS-Chemical-Irans-methanol-capacity-could-soar-if-sanctions-are-lifted_73308.html
August 28, 2015
Swiss flavors and fragrances manufacturer Givaudan has slightly trimmed its five-year organic sales growth target to 4–5%/year in 2015–20, down from the previous...
http://www.chemweek.com/home/top_of_the_news/Givaudan-aims-to-grow-outside-traditional-core-to-counter-possible-slowing-of-emerging-markets_73307.html
August 28, 2015
Sinopec Shanghai Petrochemical (Shanghai), a Sinopec subsidiary, reports profits of 1.77 billion renminbi ($277.3 million) in the first half of 2015 compared with a loss of Rmb123.6...
http://www.chemweek.com/home/top_of_the_news/Sinopec-Shanghai-Petrochemical-swings-to-profit_73306.html
August 28, 2015
Rare Earth Minerals and Bacanora Minerals, owners of the Sonora Lithium Project in northern Mexico, collectively referred to as the Sonora Lithium Project Partners, say they have...
http://www.chemweek.com/home/top_of_the_news/Rare-Earth-Minerals-and-Bacanora-Minerals-agree-to-lithium-hydroxide-deal-with-Tesla-Motors_73305.html
August 28, 2015
TVK (Tiszaújváros, Hungary), central Europe’s leading petrochemicals producer, has changed its name to MOL Petrochemicals as of the beginning of this month. This...
http://www.chemweek.com/home/top_of_the_news/TVK-changes-name-to-MOL-Petrochemicals_73304.html
August 28, 2015
OCI (Amsterdam), a producer of fertilizers and methanol currently combining most of its assets with CF Industries, has announced an increase in profits in the first six months of this...
http://www.chemweek.com/home/top_of_the_news/OCI-raises-profits-will-remain-growth-platform-post-CF-transaction_73302.html
August 28, 2015
It has been a turbulent couple of weeks for aromatics, taking into account the volatility in energy markets. However, styrene spot prices in Europe have tried to hold their ground...
http://www.chemweek.com/home/top_of_the_news/Spot-styrene-falls-sharply-in-Europe-but-hefty-premium-persists-for-prompt-material_73309.html
August 28, 2015
Clariant says it sees strong potential in North America and is targeting above-market revenue growth of 7%/year in the region through 2020. Clariant aims to deliver North American...
http://www.chemweek.com/home/top_of_the_news/Clariant-targets-North-America-growth-opportunities_73310.html
August 28, 2015
The Indian government has invited companies to build and operate a world-scale, gas-based ammonia-urea complex at Gorakhpur, Uttar Pradesh State. The facility will be designed to...
http://www.chemweek.com/home/top_of_the_news/Indian-government-invites-bids-for-urea-project-allocates-gas_73301.html
August 28, 2015
The Kuwait National Petroleum Corp. (KNPC) has given an award notification to Saipem (Milan) for packages four and five of the Al Zour refinery project in Kuwait. Saipem’s share...
http://www.chemweek.com/home/top_of_the_news/Saipem-confirms-Al-Zour-refinery-awards_73300.html
August 28, 2015
Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a leading producer of petrochemicals, on Friday reported a major increase in profits and revenues in the first six month of this year...
http://www.chemweek.com/home/top_of_the_news/NKNK-raises-profits-and-revenue-on-higher-volumes-and-weaker-currency_73299.html
August 28, 2015
Amec Foster Wheeler has been awarded the front-end engineering design contract by Binh Son Refining and Petrochemical (BSR), a subsidiary of state-owned PetroVietnam, for its Dung Quat...
http://www.chemweek.com/home/top_of_the_news/Amec-Foster-Wheeler-awarded-refinery-contract-in-Vietnam_73298.html
August 28, 2015
With prompt benzene prices hitting a six-month low in the United States this week on the back of weaker crude futures and weaker European and Asian markets, the upcoming US September...
http://www.chemweek.com/home/top_of_the_news/Benzene-contract-expected-lower-in-US-in-line-with-world-markets_73264.html
August 27, 2015
Indian Farmers Fertilizer Cooperative (IFFCO), the largest producer and marketer of fertilizers in India, has teamed up with Mitsubishi Corp. in a joint venture to produce...
http://www.chemweek.com/home/top_of_the_news/IFFCO-and-Mitsubishi-Corp-form-agchems-JV-in-India_73213.html
August 27, 2015
The chemical businesses of Sinopec and PetroChina each reports improved financial results for the first half of 2015. Sinopec’s chemicals business swung to a profit, and...
http://www.chemweek.com/home/top_of_the_news/Chemical-businesses-of-Sinopec-and-PetroChina-report-improved-results_73225.html
August 27, 2015
Sociedad Química y Minera de Chile (SQM; Santiago) says that its second-quarter income totaled $83.2 million up 17% year-on-year (YOY). Ebitda for the quarter was $215 million...
http://www.chemweek.com/home/top_of_the_news/SQM-reports-big-increase-in-second-quarter-profit_73223.html
August 27, 2015
Ajinomoto (Tokyo) said on Thursday that it decided to sell Ajinomoto Sweeteners Europe (ASE; Gravelines, France), a wholly owned subsidiary producing the low-calorie sweetener...
http://www.chemweek.com/home/top_of_the_news/Ajinomoto-sells-French-aspartame-business-for-&euro1_73224.html
August 27, 2015
BASF, SK Chemicals (Seoul) and Solvay are in discussions, which may lead to the construciton of a hydrogen peroxide-to-propylene oxide (HPPO) project at Ulsan, according to...
http://www.chemweek.com/home/top_of_the_news/BASF-Solvay-and-SK-mull-hydrogen-peroxide-propylene-oxide-production-in-South-Korea_73221.html
August 27, 2015
In an effort to placate its shareholders following Monsanto’s decision to walk away from the proposed bid, Syngenta has confirmed that its board did "engage" with...
http://www.chemweek.com/home/top_of_the_news/Failed-Syngenta-bid-could-lead-to-further-reshuffle-in-agchems_73218.html
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