IHS Chemical Week

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March 28, 2014
With feedstock para-xylene (p-xylene) increasingly oversupplied, China’s producers of purified terephthalic acid (PTA) are gaining leverage over feedstock costs, and p-xylene margins are consequently in decline, says Duncan Clark, sr. director/aromatics and glycols at IHS Chemical. “It’s similar to the PTA industry, where there were very good margins a few years ago, and that was the business to be in.”...
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-2014-Chinas-PTA-producers-gaining-leverage-over-p-xylene-costs_59918.html
March 28, 2014
Output by the chemical industry in the United Kingdom will likely grow by about 2% in 2014, says Chemical Industries Association (CIA; London) economist Alan Eastwood. Speaking at a...
http://www.chemweek.com/home/top_of_the_news/UK-output-of-chemicals-should-return-to-growth-in-2014_59917.html
March 28, 2014
Ineos’s plans, confirmed and detailed yesterday, to convert its Grangemouth, UK, olefins complex to consume cheap shale-based ethane feedstock imported from the United States...
http://www.chemweek.com/home/top_of_the_news/Ineos-director-Grangemouth-ethane-investment-will-buy-15-years-of-competitiveness_59916.html
March 28, 2014
China's petrochemical industry, after a decade of rapid expansion, has reached two major bottlenecks: market monopolization and crude oil supply constraints. These constraints have...
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-2014-Chinas-investments-in-unconventional-feedstocks-will-transform-countrys-petchem-industry_59863.html
March 28, 2014
The United States will probably gain at least three new ethylene oxide/ethylene glycol facilities by 2018, says Tison Keel, director/ethylene oxide and derivatives at IHS Chemical. Although very little new capacity has been announced, favorable economics and ample feedstock make a strong case for investment, he says....
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-Three-new-EG-plants-in-US-likely-by-2018_59906.html
March 28, 2014
Compared to one year ago, there are more reasons to be optimistic about the economic outlook in the developed nations, particularly the United States, says Nariman Behravesh, chief economist at IHS. However, the outlook for the developing nations, notably China, has gotten worse. “China is an accident waiting to happen,” he says....
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-2014-Advanced-economies-accelerate-as-growth-slows-in-developing-nations_59862.html
March 28, 2014
US exports of polyethylene, polypropylene, and para-xylene, three of the largest primary petrochemical products, could double by 2025 thanks to shale gas, ExxonMobil Chemical president Stephen Pryor told attendees in the keynote address at the IHS Chemical World Petrochemical Conference at Houston on Wednesday....
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-2014-US-exports-of-key-petrochemicals-could-double-by-2025-ExxonMobil-says_59887.html
March 28, 2014
While US producers have entered growth and investment mode thanks to the surge in unconventional energy production, producers in all regions must adapt in response to challenges in...
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-2014-Producers-adapt-to-rapidly-changing-petrochemical-landscape_59857.html
March 28, 2014
Styrene margins will improve as direct production of propylene oxide (PO) reduces the need for propylene oxide-styrene monomer (POSM) technology, says Peter Feng, sr. director/styrenics and phenolics at IHS Chemical. “It is the development of direct PO that saved the styrene market,” he says....
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-2014-Styrene-margins-to-improve-with-displacement-of-POSM-technology_59888.html
March 28, 2014
Ineos today announced new milestones in its previously reported £300-million ($499.3 million) survival plan at the company’s Grangemouth complex, in the United Kingdom. The...
http://www.chemweek.com/home/top_of_the_news/Ineos-to-close-plants-at-Grangemouth-convert-complex-to-shale-based-feedstock_59879.html
March 28, 2014
Recent additions to ethylene glycol capacity might have kept the global market in rough balance, but serious production issues have limited actual availability, according to Tison Keel, director/ethylene oxide and derivatives at IHS Chemical. The result will be unsustainably high operating rates, tight supply, and high prices, he says....
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-Outages-will-push-EO-EG-operating-rates-into-the-red_59897.html
March 28, 2014
ExxonMobil Chemical announced today that it has opened a new manufacturing facility at its to produce up to 50,000 m.t./year of its SpectraSyn Elite–brand metallocene...
http://www.chemweek.com/home/top_of_the_news/ExxonMobil-opens-metallocene-polyalpha-olefin-facility-at-Baytown_59905.html
March 28, 2014
Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a major producer of petrochemicals, today reported lower earnings and revenues for full-year 2013, citing a slowdown in the global...
http://www.chemweek.com/home/top_of_the_news/NKNK-reports-lower-earnings-advances-cracker-project_59901.html
March 28, 2014
The Indian government on Thursday approved reducing the potash subsidy for the 2014/15 fiscal year, starting this April, by nearly 20%, to 9,400 Indian rupees/m.t. ($160), which will...
http://www.chemweek.com/home/top_of_the_news/India-cuts-potash-subsidy-as-prices-decline_59894.html
March 28, 2014
The European Commission on Thursday approved aid granted by France to The French Institute of Agro-Based Material (Ifmas) for the development of plant-based plastics and biobased...
http://www.chemweek.com/home/top_of_the_news/EU-approves-state-aid-to-French-green-chemistry-project_59892.html
March 27, 2014
Industrial enterprises in Crimea, until recently part of Ukraine, are expected to improve their competitive advantage through lower natural gas prices, following the transfer of the...
http://www.chemweek.com/home/top_of_the_news/Crimeas-chemical-industry-will-benefit-from-cheap-Russian-gas-but-markets-will-be-disrupted_59874.html
March 27, 2014
KBR announced today that it has been awarded the front-end engineering design contract by Emirates National Oil Processing Co. (EPCL) for the upgrade of its condensate refinery in...
http://www.chemweek.com/home/top_of_the_news/KBR-awarded-FEED-contract-to-upgrade-Jebel-Ali-refinery_59875.html
March 27, 2014
Aceto (Port Washington, NY) says that its wholly owned subsidiary Rising Pharmaceuticals (Allendale, NJ) has signed a definitive purchase agreement to acquire Pack Pharmaceuticals...
http://www.chemweek.com/home/top_of_the_news/Aceto-to-acquire-Pack-Pharmaceuticals-for-$100-million_59873.html
March 27, 2014
Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, is carrying out a planned shutdown of its vacuum...
http://www.chemweek.com/home/top_of_the_news/Petro-Rabigh-shuts-refinery-unit-to-change-catalyst_59872.html
March 27, 2014
The cyclicality and volatility of earnings in basic chemicals remains one of the greatest challenges facing the market, said Mark Eramo, v.p./chemical industry insight at IHS Chemical...
http://www.chemweek.com/home/top_of_the_news/IHS-WPC-2014-Industry-must-balance-push-from-new-supply-against-pull-of-global-demand_59861.html
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