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February 5, 2015
Ethylene spot prices have been moving higher in the United States this week due to uncertainty over operations at Shell Chemicals’ Norco, LA GO-1 steam cracker and flaring at Dow...
http://www.chemweek.com/home/top_of_the_news/Ethylene-up-in-US-on-uncertainty-over-Louisiana-Texas-facilities_67560.html
February 5, 2015
Low water levels at hydroelectric dams are putting Brazil at risk of increasingly frequent power cuts, a development that is likely to hurt energy-intensive sectors such as the...
http://www.chemweek.com/home/top_of_the_news/Lack-of-rain-threatens-Brazils-petchem-industry_67535.html
February 5, 2015
Contract manufacturing organizations (CMOs), including many fine chemical makers, are among the big beneficiaries from changes at big pharmaceutical companies, say attendees at...
http://www.chemweek.com/home/top_of_the_news/Informex-2015-CMOs-benefit-from-changes-at-big-pharma_67545.html
February 5, 2015
Pfizer and Hospira (Lake Forest, IL) today announced that they have entered into a definitive merger agreement under which Pfizer will acquire Hospira, the world’s leading...
http://www.chemweek.com/home/top_of_the_news/Pfizer-to-acquire-Hospira-for-$17-billion_67537.html
February 5, 2015
BASF-YPC, a 50-50 petrochemical joint venture between BASF and Sinopec at Nanjing, China, will shut down its steam cracker for mandatory maintenance turnaround in April and May, BASF...
http://www.chemweek.com/home/top_of_the_news/BASF-Sinopec-JV-cracker-to-shut-down-for-maintenance-in-April-and-May_67515.html
February 5, 2015
Sibur’s subsidiary Biaxplen, last year produced more than 120,000 m.t. of biaxially oriented polypropylene (BOPP) and non-extruded polypropylene film, 25% more than in 2013...
http://www.chemweek.com/home/top_of_the_news/Russian-BOPP-maker-raised-output-by-25-percent-in-2014_67536.html
February 5, 2015
W.R. Grace, which earlier today announced a plan to split into two companies to improve strategic focus, posted a large fourth-quarter adjusted earnings gain on higher sales volumes...
http://www.chemweek.com/home/top_of_the_news/Grace-beats-estimates-on-strong-catalyst-results_67533.html
February 5, 2015
One company, for now dubbed New Grace, will be comprised of catalysts technologies and materials technologies, excluding the Darex packaging business. New Grace is expected to have sales of $1.8 billion annually. The other company, called New GCP, will be made up of Grace’s construction products business and the Darex business. It is expected to have sales of $1.5 billion....
http://www.chemweek.com/home/top_of_the_news/W-R-Grace-to-split-in-two_67530.html
February 5, 2015
DuPont has appointed Edward Breen, former CEO and current chairman of Tyco, and James Gallogly, former CEO and management board chairman of LyondellBasell, as independent directors, effective immediately....
http://www.chemweek.com/home/top_of_the_news/DuPont-names-former-LyondellBasell-and-Tyco-CEOs-to-board_67531.html
February 5, 2015
Brazil's state-owned oil firm Petrobas said today that CEO Maria das Graças Silva Foster, along with five other executives, will step down effective...
http://www.chemweek.com/home/top_of_the_news/Petrobras-CEO-and-five-other-executives-resign_67504.html
February 5, 2015
ENI (Rome) has confirmed to CW that its chemical subsidiary, Versalis (Milan), has restarted its 490,000-m.t./year steam cracker at Porto Marghera, Italy and that the cracker is...
http://www.chemweek.com/home/top_of_the_news/Versalis-restarts-Porto-Marghera-cracker-starts-supplying-Shell_67528.html
February 5, 2015
Huntsman today announced that it will begin construction on a 25,000-m.t./year capacity expansion program at its world-scale polyetheramine facility in Jurong Island, Singapore, in the...
http://www.chemweek.com/home/top_of_the_news/Huntsman-to-expand-polyetheramine-capacity-in-Singapore_67529.html
February 5, 2015
Toray Industries reports a 26.5% rise in net profits for the company’s fiscal first nine months, ended 31 December 2014, compared with the corresponding period of the previous...
http://www.chemweek.com/home/top_of_the_news/Toray-reports-rise-in-profits-and-sales_67527.html
February 5, 2015
Aromatics prices fell $15-55/m.t. in Asia today, erasing most of the week's gains as regional market sentiment turned bearish following a slump in overnight crude oil futures. The...
http://www.chemweek.com/home/top_of_the_news/Asia-aromatics-prices-lose-most-of-weeks-gains-today-on-crude-slump_67521.html
February 5, 2015
PlastIndia 2015 exhibition, the biggest plastics exhibition in India and the third largest in the world trailing K in Dusseldorf, Germany; and ChinaPlas in Shanghai; was inaugurated...
http://www.chemweek.com/home/top_of_the_news/PlastIndia-Plastics-consumption-to-triple-OPaL-CEO-confirms-talks-with-Kuwait-may-import-US-shale-gas_67526.html
February 5, 2015
The United Steelworkers (USW) said Wednesday that they have resumed discussions with Shell regarding a new three-year labor agreement. The USW told workers on 1 February to strike...
http://www.chemweek.com/home/top_of_the_news/USW-and-Royal-Dutch-Shell-resume-labor-talks_67503.html
February 5, 2015
Agricultural chemical firm Nufarm (Melbourne) today announced that the company will permanently close its plant in Botlek at Rotterdam, the Netherlands; and implement efficiency...
http://www.chemweek.com/home/top_of_the_news/Nufarm-to-close-manufacturing-plant-in-the-Netherlands_67525.html
February 5, 2015
SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, reports a 50.4% fall in operating profits for the fourth quarter of 2014 compared with the...
http://www.chemweek.com/home/top_of_the_news/SK-Global-Chemical-reports-fall-in-operating-profits_67522.html
February 5, 2015
BASF says that it has opened new facilities in Taiwan for the electronic materials industry. The facilities — for production, research and development, and application testing A...
http://www.chemweek.com/home/top_of_the_news/BASF-opens-facilities-in-Taiwan-to-support-electronic-materials-industry_67518.html
February 4, 2015
Live Oak LNG plans to invest $2 billion to develop a liquefaction facility and liquefied natural gas (LNG) export terminal near Lake Charles, LA, chairman Martin Houston has...
http://www.chemweek.com/home/top_of_the_news/Live-Oak-to-invest-$2-billion-in-liquefaction-plant-and-LNG-export-terminal-in-Louisiana_67512.html
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