IHS Chemical Week

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February 4, 2015
Mitsubishi Chemical Holdings, the parent of Mitsubishi Chemical, says net profits more than doubled in its fiscal first nine months, ended 31 December 2014, compared with the year-ago...
http://www.chemweek.com/home/top_of_the_news/Mitsubishi-Chemical-reports-huge-rise-in-profits_67488.html
February 4, 2015
Victrex (Thornton Cleveleys, UK), a producer of high-performance polymers, including polyether ether ketone, today announced its first-quarter interim management statement ahead of its...
http://www.chemweek.com/home/top_of_the_news/Victrex-reports-strong-quarterly-growth-buoyed-by-consumer-electronics_67479.html
February 4, 2015
Aromatics spot prices have firmed in the United States heading into February—mixed xylene (MX) values are still higher than benzene and toluene—alongside stronger NYMEX...
http://www.chemweek.com/home/top_of_the_news/Aromatics-open-February-higher-in-the-US-on-stronger-energy-futures_67467.html
February 4, 2015
Associated British Foods (ABF; London) said on Tuesday that it would write down its investment in the UK bioethanol joint venture Vivergo Fuels, and will book an exceptional...
http://www.chemweek.com/home/top_of_the_news/ABF-writes-down-UK-bioethanol-venture-Vivergo-Fuels_67487.html
February 4, 2015
Invista, a subsidiary of Koch Industries, says it will establish a new manufacturing operation at McPherson, KS, in order to expand production of its Raptor nylon pipe product. The...
http://www.chemweek.com/home/top_of_the_news/Invista-builds-nylon-pipe-production-facility-in-Kansas_67486.html
February 4, 2015
GTS Chemical (Liaocheng, China), a specialty chemicals producer and China’s largest producer of ammonium sulfite, reports a 45.9% rise in sales in 2014, compared with 2013, to...
http://www.chemweek.com/home/top_of_the_news/GTS-Chemical-reports-rise-in-sales-moves-ahead-with-investments_67484.html
February 4, 2015
Mesaieed Petrochemical Holding and Industries Qatar, which hold shares in most of Qatar’s petrochemical and fertilizer companies, have announced their respective planned shutdown...
http://www.chemweek.com/home/top_of_the_news/Qatar-outlines-planned-outages-for-most-petchem-and-fertilizer-plants-in-first-quarter_67483.html
February 4, 2015
Nufarm's chairman Donald McGauchie, today announced that managing director and CEO Doug Rathbone had stepped down and that a global search for his , replacement had commenced...
http://www.chemweek.com/home/top_of_the_news/Nufarm-appoints-acting-CEO-implements-cost-cutting-measures_67482.html
February 3, 2015
Tronox and FMC have confirmed reports that Tronox will acquire FMC’s alkali chemicals, or soda ash, business. Tronox has signed a definitive agreement to acquire the business for...
http://www.chemweek.com/home/top_of_the_news/Tronox-to-acquire-FMCs-soda-ash-business-for-$1-64-billion_67471.html
February 3, 2015
The United Steelworkers (USW) said Tuesday that no further talks have been scheduled with Shell this week to end a strike at nine US oil refineries. USW told workers to strike at nine...
http://www.chemweek.com/home/top_of_the_news/USW-and-refiners-still-without-labor-agreement_67466.html
February 3, 2015
Dow and RSA-Talke have signed a contract for the storage of petrochemical products that will be marketed by Dow from Sadara Chemical Co., a joint venture of Dow and Saudi Aramco in...
http://www.chemweek.com/home/top_of_the_news/Dow-and-RSA-Talke-sign-contract-for-storage-of-Sadara-petchems_67470.html
February 3, 2015
International Flavors & Fragrances (IFF) today announced the opening of a new flavors facility near Chicago. The new site, located in Schaumburg, IL, will serve the food and...
http://www.chemweek.com/home/top_of_the_news/IFF-opens-new-flavors-facility-near-Chicago_67469.html
February 3, 2015
A consortium consisting of Haldor Topsoe, the German company Ferrostaal Industrial Projects, and Pakistan’s Fauji Fertilizer Co., has agreed to develop a large-scale fertilizer...
http://www.chemweek.com/home/top_of_the_news/Haldor-Topsoe-Ferrostaal-and-Fauji-Fertilizer-consortium-in-exclusive-talks-to-build-fertilizer-complex-in-Tanzania_67468.html
February 3, 2015
BP's petrochemicals business swung to a $25.0-million underlying replacement cost (RC) loss before interest and tax during the fourth quarter of 2014 from $44.0 million in the...
http://www.chemweek.com/home/top_of_the_news/BP-posts-petchems-loss-slashes-group-capex-on-low-oil-prices_67444.html
February 3, 2015
Eastman Chemical says it will begin a consultation period regarding a proposal to close the company's 24,000-m.t./year acetate tow manufacturing facility at Siddick, near Workington...
http://www.chemweek.com/home/top_of_the_news/Eastman-announces-plans-to-close-acetate-tow-facility-in-UK_67442.html
February 3, 2015
BASF has decided to exit a biobased acrylic acid partnership with Novozymes and Cargill, Novozymes announced today. Novozymes and Cargill have collaborated on renewable acrylic acid...
http://www.chemweek.com/home/top_of_the_news/BASF-exits-biobased-acrylic-acid-collaboration-with-Novozymes-and-Cargill-UPDATED_67242.html
February 3, 2015
Williams Partners (Tulsa, OK) says it expects to begin manufacturing ethylene at its expanded Geismar plant for sale in February. The company originally planned to start the plant, which has been offline since June 2013, in November, but problems arose during the final stages of commissioning....
http://www.chemweek.com/home/top_of_the_news/Williams-to-produce-ethylene-at-Geismar-for-sale-in-February_67455.html
February 3, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) says that its food specialties business unit has entered into a share purchase agreement to acquire Prolactal (Hartberg, Austria) and its...
http://www.chemweek.com/home/top_of_the_news/ICL-to-acquire-food-ingredients-firm-Prolactal_67261.html
February 3, 2015

LyondellBasell’s fourth-quarter earnings have beaten the analysts’ consensus estimate by 15%, with lower feedstock costs more than making up for lower product prices. However, the company expects lower crude oil prices to pressure margins in the year ahead. Fourth-quarter earnings from continuing operations totaled $796 million, down 32% year-over-year (YOY) from $1.177 billion. Sales totaled $10.29 billion, down 8% YOY from $11.138 billion. The quarter included a $715 million non-cash, pre-tax charge for the impact of a lower-of-cost-or-market (LCM) inventory adjustment.

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http://www.chemweek.com/home/top_of_the_news/LyondellBasell-beats-consensus-by-15-percent-as-lower-feedstocks-make-up-for-product-prices_67452.html
February 3, 2015
Renewable aromatics technology firm Anellotech (Pearl River, NY) and Johnson Matthey Process Technologies have announced an alliance to codevelop advanced catalyst systems for...
http://www.chemweek.com/home/top_of_the_news/Anellotech-signs-collaboration-deal-with-Johnson-Matthey_67427.html
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