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April 6, 2015
Iran is keen to assist foreign companies to invest in the country’s oil and petrochemicals sectors once the final nuclear deal is clinched between Iran and P 5+1 group of...
http://www.chemweek.com/home/top_of_the_news/Iran-likely-to-attract-investors-when-nuclear-deal-is-clinched_69234.html
April 6, 2015
A. Schulman today reported a fiscal second-quarter net loss of $888,000, or 3 cts/share, due largely to CEO transition costs and restructuring and acquisition integration charges, on...
http://www.chemweek.com/home/top_of_the_news/Schulman-falls-short-of-estimates-sales-fall-due-to-currency-impacts_69232.html
April 6, 2015
A para-xylene plant in Zhangzhou, Fujian Province, China, has exploded for the second time in two years, according to local reports, which say the blast occurred at about 7 p.m. local time on 6 April. Raw video of the facility, owned by Dragon Aromatics, shows a massive fire. According to the South China Morning Post, 78 vehicles and 430 firefighters were sent to the scene....
http://www.chemweek.com/home/top_of_the_news/Reports-Explosion-rocks-Dragon-Aromatics-p-xylene-plant-in-Zhangzhou-China_69218.html
April 6, 2015
PHI Group (Las Vegas), a company focusing on energy and natural resources, announced today that it has signed an agreement with Fusion Crest, a Malaysian company, to jointly set up an...
http://www.chemweek.com/home/top_of_the_news/PHI-Group-partners-with-Malaysian-firm-in-oleochemicals-project_69163.html
April 6, 2015
Gulf Petrochemical Industries Co.'s (GPIC; Manama, Bahrain) production increased 4% in the first quarter despite declines in oil and gas prices, the company says.   GPIC produced...
http://www.chemweek.com/home/top_of_the_news/GPIC-says-first-quarter-output-grows-4-percent-YOY_69156.html
April 6, 2015
Advanced Petrochemical Co. today reported net profit of 90 million Saudi riyals ($24.0 million) in the quarter ended 31 March, down 34.5% on the year-earlier quarter. Advanced, a...
http://www.chemweek.com/home/top_of_the_news/Advanced-Petrochemical-reports-lower-first-quarter-profits_69155.html
April 6, 2015
Mangalore Refinery and Petrochemicals Ltd. (MRPL), a subsidiary of ONGC (New Delhi), on Sunday commissioned a polypropylene (PP) plant at Mangalore, India. The unit forms part of...
http://www.chemweek.com/home/top_of_the_news/Mangalore-Refinery-and-Petrochemicals-commissions-polypropylene-plant_69154.html
April 6, 2015
Mitsubishi Chemical Corp. (MCC) announced today that on 2 April 2015, the Seoul High Court has upheld a lower court verdict in MCC’s favor in a patent infringement suit against...
http://www.chemweek.com/home/top_of_the_news/Korean-court-rules-in-Mitsubishi-Chemicals-favor-in-red-phosphor-patent-infringement-suilt_69160.html
April 6, 2015
Spot prices for styrene gained sharply amid strong demand in China and a turnaround season for several styrene plants in the region, IHS Chemical data show.   In February, the...
http://www.chemweek.com/home/top_of_the_news/Asian-styrene-prices-stay-firm-amid-strong-demand-and-turnaround-season_69159.html
April 4, 2015
PTT Global Chemical (PTTGC; Bangkok) said on Friday that it has rescheduled the shutdown of its olefins plant 1-4/1 at Map Ta Phut from August this year to 29 March 2015 to clean the...
http://www.chemweek.com/home/top_of_the_news/PTT-Global-Chemical-brings-forward-turnaround-of-olefins-complex_69153.html
April 2, 2015
Composites and coatings maker Reichhold Industries (Durham, NC) announced today that its US operations have emerged from Chapter 11 bankruptcy, and that the company has purchased its...
http://www.chemweek.com/home/top_of_the_news/Reichhold-US-business-emerges-from-bankruptcy-as-bondholders-take-control_69139.html
April 2, 2015
Siluria (San Francisco) has started up a plant at La Porte, TX, to demonstrate its process for the manufacture of ethylene by the oxidative coupling of methane (OCM). The development represents the world’s first large-scale production of ethylene directly from natural gas via OCM, says Siluria. The company intends to commercialize the process in 2017-18....
http://www.chemweek.com/home/top_of_the_news/Siluria-announces-start-up-of-methane-to-ethylene-demo-plant_69109.html
April 2, 2015
Sika (Baar, Switzerland) says that it has established a new subsidiary at Rangoon, Myanmar, and that it has also opened a previously announced new production plant at Ekala, Sri Lanka...
http://www.chemweek.com/home/top_of_the_news/Sika-establishes-subsidiary-in-Myanmar-opens-plant-in-Sri-Lanka_69135.html
April 2, 2015
BASF confirmed to CW on Thursday that it and University of Chicago Argonne LLC had jointly filed lawsuits against Umicore (Brussels), and one of its customers,  Makita...
http://www.chemweek.com/home/top_of_the_news/BASF-sues-Umicore-over-lithium-ion-battery-patent-infringement_69133.html
April 2, 2015
Indorama Ventures (Bangkok) said today that it had completed the acquisition of Performance Fibers Asia (PF Asia), a premium polyester tire cord fabric producer, from Performance...
http://www.chemweek.com/home/top_of_the_news/Indorama-completes-acquisition-of-Performance-Fibers-Asia_69125.html
April 2, 2015
ExxonMobil says that the restart process is underway at the company's Beaumont, TX, petrochemical complex and that some equipment was back online on 1 April. The company confirmed...
http://www.chemweek.com/home/top_of_the_news/ExxonMobil-begins-restart-process-at-Beaumont-petchem-complex_69110.html
April 2, 2015
Synthomer is understood to have rejected the claim by Ineos chairman Jim Ratcliffe that its new CEO, Calum MacLean, acted unethically in "poaching" his former colleague...
http://www.chemweek.com/home/top_of_the_news/Synthomer-rejects-claims-that-it-poached-Ineos-executive_69132.html
April 2, 2015
Zeon (Tokyo) says it will build a second solution styrene butadiene rubber (SSBR) line in Singapore by the beginning of next year, doubling capacity at the site to between...
http://www.chemweek.com/home/top_of_the_news/Zeon-to-double-SSBR-capacity-in-Singapore-close-NBR-plant-in-the-UK_69131.html
April 2, 2015
EuroChem Group (Zug, Switzerland), a leading global fertilizer producer, today announced the completion of its acquisition of OJSC Astrakhan Oil and Gas Co. (OJSC AOGC). EuroChem has...
http://www.chemweek.com/home/top_of_the_news/EuroChem-gains-further-integration-to-raw-material-with-acquisition-of-upstream-company_69126.html
April 2, 2015
Patheon (Durham, NC), a provider of drug development and delivery solutions to the pharmaceutical and biopharma sectors, says that it has completed the previously announced acquisition...
http://www.chemweek.com/home/top_of_the_news/Patheon-completes-acquisition-of-API-manufacturer-IRIX-Pharmaceuticals_69124.html
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