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January 6, 2016
US aromatics continued to see downward pressure from falling energy prices as near-month crude futures on Wednesday fell to an 11-year low. The decline was mostly due to continued...
http://www.chemweek.com/home/top_of_the_news/US-aromatics-face-downward-pressure-from-energy-as-crude-hits-11-year-low_76216.html
January 6, 2016
Flooding along the Mississippi River has begun to delay petrochemical traffic as the surge nears Mississippi and Louisiana....
http://www.chemweek.com/home/top_of_the_news/Flooding-along-Mississippi-River-causing-some-delays_76215.html
January 6, 2016
Ferro announced on 5 January that it has acquired privately held Ferer Dis Ticaret Ve Kimyasallar Anonim Sirketi (Istanbul) for about $9.0 million in cash, on a cash-free and debt-free...
http://www.chemweek.com/home/top_of_the_news/Ferro-acquires-distributor-in-Turkey_76191.html
January 6, 2016
BP has agreed to sell its aromatics complex in Decatur, AL, to Indorama Ventures (Bangkok). Financial details of the transaction have not been disclosed. The complex can produce 1...
http://www.chemweek.com/home/top_of_the_news/BP-sells-Alabama-PTA-site-to-Indorama-Ventures_76199.html
January 6, 2016
Ecolab says it has deconsolidated its Venezuelan operations for accounting purposes, starting in the fourth quarter of 2015. The action will be reflected on Ecolab’s 2015 balance...
http://www.chemweek.com/home/top_of_the_news/Ecolab-deconsolidates-Venezuela-operations_76200.html
January 6, 2016
Styrene prices have climbed in Asia during the last couple of weeks on the back of a bullish pricing rally in the Chinese domestic market at the tail-end of 2015. Despite a lack of...
http://www.chemweek.com/home/top_of_the_news/Asia-styrene-prices-continue-to-climb_76196.html
January 6, 2016
CB&I today announced that it has been awarded a contract by Hebei Haiwei Group for the license and basic engineering design of a polypropylene (PP) unit to be built at Jingxian in...
http://www.chemweek.com/home/top_of_the_news/CB-and-I-awarded-contract-for-polypropylene-project-in-China_76194.html
January 6, 2016
Platform Specialty Products (West Palm Beach, FL) has named Diego Lopez Casanello president of its agricultural solutions business, effective 1 February. Casanello joins Platform from...
http://www.chemweek.com/home/top_of_the_news/Platform-Specialty-names-BASF-exec-as-head-of-agricultural-unit_76190.html
January 5, 2016
Air Liquide will build and operate a facility consisting of a carbon dioxide (CO2) production unit and a cogeneration unit in Colombia in the context of a contract with Coca-Cola Femsa...
http://www.chemweek.com/home/top_of_the_news/Air-Liquide-to-enter-Colombias-industrial-gases-market-builds-facility_76176.html
January 5, 2016
IHS Chemical estimates that at least 170,000 m.t. of benzene were shipped from South Korea to the United States during December 2015, including 20,000–30,000 m.t. of delayed...
http://www.chemweek.com/home/top_of_the_news/Record-benzene-exports-from-South-Korea-to-US-in-December_76171.html
January 5, 2016
Bayer on Tuesday announced that it has completed the previously announced sale of its diabetes-care business to Panasonic Healthcare Holdings (Tokyo), a company backed by funds...
http://www.chemweek.com/home/top_of_the_news/Bayer-closes-sale-of-diabetes-care-business-to-Panasonic-Healthcare-for-&euro1-billion_76169.html
January 4, 2016
Albemarle (Baton Rouge, LA) announced Monday that it has completed the previously announced sale of its Tribotecc metal sulfides business to Treibacher Industrie (Althofen, Austria)...
http://www.chemweek.com/home/top_of_the_news/Albemarle-completes-sale-of-metal-sulfides-unit_76165.html
January 4, 2016
Praxair announced Monday the merger of its two packaged gas joint ventures, Praxair Distribution Southeast (PDSE) and nexAir (Memphis, TN). nexAir is expected to grow to $200...
http://www.chemweek.com/home/top_of_the_news/Praxair-merges-southeast-US-packaged-gases-joint-ventures_76148.html
January 4, 2016
Torrential rains in the Midwestern United States last week have lifted the Mississippi River to levels not seen in over 20 years. Flooding in the Lower Mississippi Valley is expected to continue into mid-to-late January, potentially affecting regional refineries and terminals...
http://www.chemweek.com/home/top_of_the_news/Mississippi-River-flooding-has-had-minimal-impact-on-petchems_76161.html
January 25, 2016
South Korea is “encouraging” its petrochemical industry to reduce production capacity voluntarily as part of a broader initiative to restructure industrial production in...
http://www.chemweek.com/home/top_of_the_news/South-Korean-government-encouraging-restructuring-of-petrochemical-industry_76128.html
January 4, 2016
Dyadic International (Jupiter, FL) says it has closed the previously announced sale of substantially all of the assets of its industrial technology business to DuPont for $75 million...
http://www.chemweek.com/home/top_of_the_news/DuPont-closes-acquisition-of-Dyadics-industrial-bio-business_76132.html
December 31, 2015
Enterprise Products Partners (Houston) has completed constructing, commissioning, and initiating the operations of the remaining 162-mile portion of the Aegis ethane pipeline from Lake...
http://www.chemweek.com/home/top_of_the_news/Enterprise-completes-final-segment-of-Aegis-ethane-pipeline_76127.html
January 4, 2016
Saudi Arabia—following four decades of cheap ethane feedstock prices, which gave local petrochemical producers a massive cost advantage—is more than doubling the price of...
http://www.chemweek.com/home/top_of_the_news/Saudi-Arabia-more-than-doubles-petchem-feedstock-prices_76112.html
December 30, 2015
An initial January benzene contract in Europe has settled at  $641/m.t. cif Amsterdam-Rotterdam-Antwerp, up $2 and down €19/m.t. against December. Discussions took...
http://www.chemweek.com/home/top_of_the_news/Initial-settlement-for-Europes-January-benzene-contract-up-$2-down-&euro19m-t-_76115.html
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