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August 13, 2014
Allana Potash (Toronto) has awarded Amec's Americas arm a contract to complete front-end engineering and design (FEED) work on its 1-million m.t./year Danakhil potash project in...
http://www.chemweek.com/home/top_of_the_news/Allana-Potash-awards-FEED-contract-to-Amec_63142.html
August 13, 2014
Indian Oil (New Delhi) says that its previously announced polypropylene (PP) project at Paradip, India, is expected to be completed in September 2017. The project was approved by the...
http://www.chemweek.com/home/top_of_the_news/Indian-Oils-PP-project-at-Paradip-to-be-completed-in-2017_63141.html
August 13, 2014
Merck KGaA today reported a 4% decline in second-quarter net income, to €303.3 million ($404.9 million). Acquisition-related one-time items, lower royalty, license and commission...
http://www.chemweek.com/home/top_of_the_news/Merck-KGaA-reports-lower-second-quarter-net-income-confirms-outlook_63140.html
August 13, 2014
MEO Australia (Melbourne) announced today that it has put up for sale a stake in its previously reported Tassie Shoal methanol and liquefied natural gas (LNG) projects after receiving...
http://www.chemweek.com/home/top_of_the_news/MEO-Australia-to-sell-stake-in-methanol-and-LNG-projects_63049.html
August 12, 2014
Nova Chemicals reports second-quarter profit of $167 million, down 17% year-on-year (YOY) from $201 million, with lower margins in the olefins segments partially offset by higher margins in polyethylene. Sales slipped 5.8%, to $1.29 billion....
http://www.chemweek.com/home/top_of_the_news/Nova-quarterly-profit-down-17-percent-PE-gains-offset-by-weak-olefins_63126.html
August 12, 2014
Valspar says that net income for the quarter ended 25 July was $97.8 million, up 4% year-on-year (YOY). Reported earnings of $1.14/share dipped slightly below analyst estimates of...
http://www.chemweek.com/home/top_of_the_news/Valspar-results-up-on-strength-in-coatings_63127.html
August 12, 2014
Mepron helps dairy cows produce more milk without additional crude protein in their feed. Evonik Industries announced on 12 August that it will construct a methionine production plant...
http://www.chemweek.com/home/top_of_the_news/Evonik-to-build-amino-acid-production-unit-at-Mobile-AL_63130.html
August 12, 2014
Mangalore Refinery and Petrochemicals (MRPL; Mangalore, India), a subsidiary of ONGC (New Delhi), reports a 3.2% increase in first fiscal quarter revenues, to 166.5 billion Indian...
http://www.chemweek.com/home/top_of_the_news/MRPL-reports-higher-sales-readies-PP-plant-appoints-managing-director_63128.html
August 12, 2014
Galenica (Bern, Switzerland) said today that it is adapting a new management structure. The group will be headed by two CEOs, one in charge of Vifor Pharma, formerly the pharma...
http://www.chemweek.com/home/top_of_the_news/Swiss-health-care-group-Galenica-to-split-into-two-listed-companies_63125.html
August 12, 2014
Industries Qatar (IQ; Doha), a listed firm that controls some of the country’s major petrochemical, fertilizer, and steel manufacturing companies, reports a decline in earnings...
http://www.chemweek.com/home/top_of_the_news/Shutdowns-and-lower-fertilizer-prices-reduce-earnings-at-Industries-Qatar_63124.html
August 12, 2014
Energy company OMV (Vienna) says that operating profit at the company's petrochemicals business was €40 million ($53.4 million) in the second quarter, slightly lower than in the...
http://www.chemweek.com/home/top_of_the_news/OMV-posts-slight-decline-in-petchem-profit-on-lower-ethylene-margins_63123.html
August 12, 2014
Methanol Chemicals Co. (Ad Dammām, Saudi Arabia) says that it expects to resume operations at its para-formaldehyde manufacturing plant at Al Jubail by the end of fiscal 2014. The...
http://www.chemweek.com/home/top_of_the_news/Chemanol-to-restart-para-formaldehyde-plant-by-year-end_63122.html
August 12, 2014
LCY Chemical (Taipei), which is being investigated by Taiwanese authorities over its role in the 31 July explosions at Kaohsiung, Taiwan, which killed 30 people and injured more than...
http://www.chemweek.com/home/top_of_the_news/LCY-Chemical-ordered-to-halt-polypropylene-production-at-Kaohsiung_63121.html
August 12, 2014
The president of Mexico, Enrique Peña Nieto, has signed the country's energy reform bill into law, the president's office says. The law preserves and guarantees state ownership...
http://www.chemweek.com/home/top_of_the_news/Mexico-passes-energy-reform_63120.html
August 12, 2014
Haldor Topsoe today announced plans to close a fuel cell subsidiary that focuses on developing and commercializing components and technology for high-temperature solid oxide fuel cells...
http://www.chemweek.com/home/top_of_the_news/Haldor-Topsoe-closing-subsidiary-because-of-sales-earnings-drops_63119.html
August 12, 2014
Clariant is building a new masterbatches plant in greater Sydney area, the company announced today. The new plant will mainly serve the Australian market with a full range of color and...
http://www.chemweek.com/home/top_of_the_news/Clariant-builds-masterbatches-plant-in-Australia_63118.html
August 12, 2014
The petrochemical business of Gail India (New Delhi), a natural gas company, reports a 10% fall in sales in the fiscal first quarter, ended 30 June, compared with the year-ago quarter...
http://www.chemweek.com/home/top_of_the_news/Gails-petchem-business-reports-fall-in-sales_63116.html
August 11, 2014
Kinder Morgan, Inc. (KMI) announced today that it is buying out its two master limited partnerships (MLPs) – Kinder Morgan Energy Partners (KMP) and El Paso Pipeline Partners...
http://www.chemweek.com/home/top_of_the_news/Kinder-Morgan-to-buy-out-its-MLPs-in-$71-billion-deal_63115.html
August 11, 2014
Sinopec Engineering has received a 4.26-billion ringgit ($1.33 billion) contract from Petronas subsidiary PRPC Refinery and Cracker covering engineering, procurement, construction, and...
http://www.chemweek.com/home/top_of_the_news/Sinopec-Engineering-awarded-large-contract-for-Rapid-project_63097.html
August 11, 2014
Adama Agricultural Solutions (Tel Aviv), formerly Makhteshim Agan, on Sunday reported a 23.5% increase in net income and a 9% rise in sales in the second quarter of this year, to...
http://www.chemweek.com/home/top_of_the_news/Adama-reports-higher-sales-and-earnings-plans-New-York-listing_63099.html
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